Pelican Bay Lot 54% below last sale

[Walton Native]

I have just listed a lot in Pelican Bay for $115,000. MLS 467181. The last sale in this subdivision in the MLS shows a sales price of $249,900 and it closed 3/9/2005. Pelican Bay is a gated subdivision located off East Mack Bayou Road just north of Sacred Heart Hospital. The subdivision has bay access, tennis courts, a picnic area and a dock. There is no build out time for this lot and the association dues are low at approximately $250 per year. Feel free to PM me if you would like any additional information.

 

[Smiling JOe]

I think $115K is a reasonable price for that lot, considering a house, located farther south in Pelican Bay, sold in Jan '07 for $318K.