While often dated inside and without the high ceilings sought by today's buyer, they usually offer larger than normal lots which means fabulous waterfront locations. Often these homes are sold for the land value only as was the case with the ex-Mrs. Tiger Woods when she bought and oceanfront estate for $ 12 million and tore it down.
Actually, the value was in the land, the house was full of insects and she donated about $ 300,000 worth of furnishings to a charity. You can see pictures of her on the beach with friends by searching her name, Elin Nordegren, on this blog.
One of our choice locations is called Captains Key situated between North Palm Beach and Juno Beach. This gated community is near the famous Seminole Golf Club. These waterfront homes offer very large lots yet the community is very small. Here is a great opportunity for you.
This is a 4 bedroom, 3 bath pool home of CBS construction with a dock and boat lift. It has about 2,700 feet of living space. The price was recently reduced $ 500,000 and is now nearly a million lower than where it was originally priced and is a great buy.
If you would like to know about more the great opportunities in our real estate market, just send a short email or call me, Richard Sites, at 561-762-4073. Interest rates are at historic levels and there are fewer homes on the market so this may be the perfect time for you to act on a new property.