The developers paid $2,600,000 for this .98-acre lot in March, 2004. Three years later they were ready to go, and took out a construction loan with Affinity Bank for $11,874,000:

While having you own personal elevator is quite a novelty, buyers may be a tad reluctant to spend the $2 million-something in this neighborhood for a high-density experience with a shared garage and the over-the-apartment-house ocean view.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, which began in September, 2005. Stick around!

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