Seacrest Beach Lots

[Sandcastle]

I noticed that there are two pool-front lots in Seacrest Beach II listed for $295,000 each. That seems awfully cheap. Does anyone know if these are bank-owned properties, short sales, or the developer trying to unload his remaining inventory?

 

[GoodWitch58]

According to MLS not short sale; at least one is owned by a developer.

 

[InletBchDweller]

From what I see lot P1 and lot O1 are both for sale at $295,000

same selling agent
same seller listed - seacrest beach

I have always been told that they were developer lots. If the seller is Seacrest Beach, Inc. then they are.

This is a great price for these lots. I remember in 2002 my mom was looking at buying one for $275,000.....

 

[robertsondavies]

anybody have opinion(s) on the little TreeTops lots for sale, that neighborhood tucked in behind Seacrest Beach...

could I build an Alys Beach style home in there, or would the building restrictions require crappy woodlap style cracker chic, exposed rafters yada yada yada??

 

[Sandcastle]

IBD, you?re right. Both lots were sold by Seacrest Inn, LLC to Seacrest Beach, Inc. in 2003 for $500,000 each ? per the Property Appraiser?s data base. I wonder if cash actually changed hands.

I own a lot across the pool from O-1. The recorded sale of those two lots for $500,000 each certainly increased the appraised value of my lot and my tax bill. After that, several people paid between $500,000 and $710,000 for similar lots. A number of those lots still have mortgages ranging from $450,000 to $640,000.

I hope that the Property Appraiser takes note when (if) those lots sell.

 

[robertsondavies]

I thought lots in Seacrest Beach were going for around $130,000 or less ( and dropping by the week) now... or is that just what they call "street pricing" ?? Compared to that, 295k sounds like a hell of a premium to pay to be closer to the beautiful sounds of the kiddie pool. i'm half sure I'm missing something though. are these lots you're talkiing about much bigger than the average Seacrest postage size, 0.08 acre lot??

 

[Sandcastle]

I thought lots in Seacrest Beach were going for around $130,000 or less ( and dropping by the week) now... or is that just what they call "street pricing" ?? Compared to that, 295k sounds like a hell of a premium to pay to be closer to the beautiful sounds of the kiddie pool. i'm half sure I'm missing something though. are these lots you're talkiing about much bigger than the average Seacrest postage size, 0.08 acre lot??

Nope. They're pool-front lots (35"X80' or smaller). The lowest price ever paid for one was $75,000 in 2000. I believe that the last sale was for $710,000. The county Property Appraiser had all of them valued at $600,000 two years ago -- he dropped that to $450,000 last year. There are a lot of people with big mortgages on those babies!

 

[SHELLY]

Nope. They're pool-front lots (35"X80' or smaller). The lowest price ever paid for one was $75,000 in 2000. I believe that the last sale was for $710,000. The county Property Appraiser had all of them valued at $600,000 two years ago -- he dropped that to $450,000 last year. There are a lot of people with big mortgages on those babies!

I guess "then" wasn't a great time to buy.


.

 

[Sandcastle]

I just hope the banks pay the homeowners dues after foreclosure.

 

[Matt J]

I just hope the banks pay the homeowners dues after foreclosure.

I believe they have to as that was discussed in another thread. The HOA could still go for a lien on the property if the dues are not paid.

I'm curious about the statement above regarding Treetops, are those homes going to have access to the beach as well?