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Lot in Gated Subdivision on 30-A Priced $134,000 Below Appraisal

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Well, I don't know what to tell you. You should have been told about the buildout. Good luck with whatever you decide to pursue.
 
Spencer, How did you find out about an extension? Like I said, I have zippo on build out. Know one sent us anything on extension.
 
Re: Lot in Gated Subdivision on 30-A Priced WELL Below Appraisal

****price Reduction****

$399,000

Buyer to pay all closing costs.
 
Re: Lot in Gated Subdivision on 30-A Priced WELL Below Appraisal

Spencer said:
****price Reduction****

$399,000

Buyer to pay all closing costs.
Click to expand...

Spence,

You're chasing a falling market, you've gotta get UNDER it if you want to unload.
 
Shelly,

I am way under it. Take a look at the other prices. Take a look at what sold 3 months ago. 2 lots sold at $650,000 this year. Trust me, I completely understand the market. Thanks for your input though.
 
$399k would definately seem like a give away price to the people that paid $650k.

It would be a real bargain for someone who is ready to build right away.

The only reasons a premium property like this so close to the beach on 30A is priced so low is that it has a buildout time and a motivated seller.

It is always easier to follow the herd instinct and buy when everyone else is buying but smart buyers pray for opportunites like this.

In a hurricane most damage is caused by storm surge and this property I would estimate to be a healthy 30 feet above sea level.

If hurricanes really are going to be an increased problem in coastal areas there really is no better place on the Gulf coast and Florida than 30A with its high elevations.
 
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