Cavallino said:Here are more details which will highlight SKIER's rather biased and negative market interpretations of the WaterSound - WindRose - Lot 7 offering at $695K.
Comparable #1 - Lot 8 in Wind Rose - $780K
This is a corner lot that is wider and should command a premium to Lot 7.
Comparable #2 - Lot 63 in Passages - $899K
This lot backs up to the putting green golf course. More private than being backed up to 30-A <traffic noise>....which is the comparable for Lot 7 -Wind Rose. I believe this lot should command a premium over Lot 7.
Comparable #3 - Lot 11 in Wind Rose - $810K
Once again this lot is not backed up to 30-A - so you won't hear traffic. Also, the nice walkway next to the house will give the property a larger feel than being sandwiched in between 2 houses like Lot 7. Once again, this lot should fetch more than Lot 7.
Comparable #4 - Lot 2 in Wind Rose - $690K
This lot is very similar to Lot 7 as it backs up to 30-A. However, it is only 50 feet wide and Lot 7 is 60 feet wide. So it should be a lower priced lot than Lot 7.
The above should clearly illustrate that a closer look at this thread is somewhat misleading. I find it interesting that the ONLY 2 POSTS are from Skier.
What might actually be helpful to the "obsessive/compulsive inventory scanners" would be the following
1. The initially offering prices on each of the above referenced lots.
2. The annualized ROI on each of the above referenced lots.
Doug
doug,
Two more comparable properties to lot 63 hit the market recently. The actual price paid for 63 late last year was $899k. As of today, lot 61, 62 and 59 are for sale at prices between $650k and $689k. They all back up to the putting green like lot 63. Some good deals to be had compared to the market price paid last year.