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

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S

Spencer

Beach Lover
I own a lot in Palmeira Villas of Seagrove Beach. It is a 28 lot gated subdivision in Seagrove with brick paver streets. The subdivision is directly across from One Seagrove Place. The homes being built are VERY upscale Mediterranean style homes.

An appraisal was done in October of 2005 by the bank for $549,000. The next cheapest lot in the subdivision is listed at $555,000. I will sell mine for $415,000. Please let me know if you have any interest.

I am a licensed realtor in the state of Florida.

850-585-8124
 
Spencer said:
I own a lot in Palmeira Villas of Seagrove Beach. It is a 28 lot gated subdivision in Seagrove with brick paver streets. The subdivision is directly across from One Seagrove Place. The homes being built are VERY upscale Mediterranean style homes.

An appraisal was done in October of 2005 by the bank for $549,000. The next cheapest lot in the subdivision is listed at $555,000. I will sell mine for $415,000. Please let me know if you have any interest.

850-585-8124
Click to expand...

How big is it? Is there a builout time? Are there HOA dues?
 
The lot is 40x80. The buildout time is June '07. There are about 10 homes going up already. I'll have to check on the homeowner dues. I paid them in advance.
 
****PRICE REDUCTION****

I have decided to reduce the price to $405,000. If you're not familiar with this subdivision, you should definately ride by and take a look. It's very, very nice.
 
Spencer, I have a lot there too. I have no info on build-outs... no paper work that I have shows any build out time. I have even spoken to an attorney and had him look at all closing papers. He said alot of people failed to disclose anything to us & I have very strong case to sue. That is not my style, but just wondering if developer is going to inforce build-outs.
 
I'm sure that he will be enforcing them at some point. He just gave an 8 month extension until June '07. Did you by from the developer or second hand?
 
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