Sold Over List

Superior location but home wasn’t spectacular:

4 Comments

B on November 28, 2018 at 7:44 am

Do you know if this was this sold as a rental? Must be nice to have that much cash to park at the beach!
Jim the Realtor on November 28, 2018 at 8:07 am

I don’t know, but somebody coming out of a 1031 exchange would find it attractive.

Think if you inherited an 8-plex and traded straight across? It would feel like a free oceanfront property, and you could probably get $6,000 to $8,000 per month for a year before you moved in.
Zorro on November 28, 2018 at 3:04 pm

Maybe it was bought by a flipper.
Jim the Realtor on November 28, 2018 at 6:19 pm

It’s not out of the question, but major cajones needed.

Last month one closed down the street for $8,500,000, and there’s another one pending that’s listed for $10M+.