It's gonna be hard to better than this in WaterSound Beach

I remember that house going pending back in October 2008, when it was priced at $975,000. It was well-discussed on another thread regarding the cost needed to complete.

aabsolute, does it totally ruin it for you to know that it is a short sale? The good news is that having that earlier contract which fell through, maybe the Realtor knows what price the lender will accept.

The link hasn't updated the new price yet. It still shows the old price of MLS#: 508635
Price: $825,000.

However, the new price is $789,000. >>>click here<<<

www.emeraldcoasthomesonline.com will show you updates much more frequently. It is the public ECAR site.

The good news is that having that earlier contract which fell through, maybe the Realtor knows what price the lender will accept.

...I would think so, seeing that the Realtor is the bagholder on the property.

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I remember that house going pending back in October 2008, when it was priced at $975,000. It was well-discussed on another thread regarding the cost needed to complete.

aabsolute, does it totally ruin it for you to know that it is a short sale? The good news is that having that earlier contract which fell through, maybe the Realtor knows what price the lender will accept.

The link hasn't updated the new price yet. It still shows the old price of MLS#: 508635
Price: $825,000.

However, the new price is $789,000. >>>click here<<<

www.emeraldcoasthomesonline.com will show you updates much more frequently. It is the public ECAR site.

Thanks for the useful post. I'll save that link you gave us for ECAR.

I remember reading about another home in Watersound Beach that was sold pre-completion but thought it was on Boatwright and Salt Box. If anyone sees the past Thread on this one can you merge the two?

I'm indifferent to this home's purported short sale jargon. Just understanding the facts as I know them I believe this price is going to be near impossible to beat that's all. The future will let us know.

The original link showed the updated price when I opened it this morning.

I guess I was wrong. I found the same house in Watersound for about $400,000 less. This one would require 12 weeks and about $120,000 to finish out with some good upgrades.

http://emeraldcoasthomesonline.com/(pixbef45mgzyymnpdoxb1le5)/propertyDetails.aspx?mls=509728

I've gotten a couple e-mails for plan copies. Here they are:

How much is the lot worth?

How much is the lot worth?

Lot 41 has a home and carriage house that will take under $100,000 and 6 weeks to finish. IMO, the lot is worth $400 or so.

Lot 1 has a home that could be finished real nicely for about $100,000 and 8 or 12 weeks depending on selections. IMO, the lot is worth $300,000.

I'll attach 1 different photo from the Tower of each.

I remember that house going pending back in October 2008, when it was priced at $975,000. It was well-discussed on another thread regarding the cost needed to complete.

aabsolute, does it totally ruin it for you to know that it is a short sale? The good news is that having that earlier contract which fell through, maybe the Realtor knows what price the lender will accept.

The link hasn't updated the new price yet. It still shows the old price of MLS#: 508635
Price: $825,000.

However, the new price is $789,000. >>>click here<<<

www.emeraldcoasthomesonline.com will show you updates much more frequently. It is the public ECAR site.

I can't find the listing on the site you linked. The other sites either show a price increase or are still showing old info.

Do you have a special way to search?

All three links are broken. I guess they either sold or went into foreclosure. Anyone know the addresses?

Attached is a link I found for a home that probably will prove to be the best deal in WaterSound Beach. My company knows a lot about this project and can finish this home in 6 weeks for well under $100,000. We have a list of vendors and subs who have been paid and are on standby to finish this home. I have plans available if anyone has interest.

MLS #508635 - WATERSOUND BEACH Home for sale, WATERSOUND real estate listings, WATERSOUND FL MLS Listings

Here's the google cache -

MLS #508635 - WATERSOUND BEACH Home for sale, WATERSOUND real estate listings, WATERSOUND FL <b style="color:black;background-color:#ffff66">MLS</b> Listings

There we go, the mls number changed I think -
WATERSOUND FL Detached Single Family FOR SALE: MLS#510337, WATERSOUND BEACH, 5Bd, 5bth, $850,000

So AAbsolute, what happens in a situations like this? Did the owner simply stop paying the builder half way through?

There we go, the mls number changed I think -
WATERSOUND FL Detached Single Family FOR SALE: MLS#510337, WATERSOUND BEACH, 5Bd, 5bth, $850,000

So AAbsolute, what happens in a situations like this? Did the owner simply stop paying the builder half way through?

Looks like the price is going back up...who-da thunk--'specially for a place where you have to "BYO Graninte Countertops"

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There we go, the mls number changed I think -
WATERSOUND FL Detached Single Family FOR SALE: MLS#510337, WATERSOUND BEACH, 5Bd, 5bth, $850,000

So AAbsolute, what happens in a situations like this? Did the owner simply stop paying the builder half way through?

There were 3 Owners. Every request for re-payment was like playing who's on first . Hindsight (saved e-mails) is 20/20.

Every sub on the job is ready, willing and able to finalize their part of the job immediately. This is a really good price and an easy final trim out.

Looks like the price is going back up...who-da thunk--'specially for a place where you have to "BYO Graninte Countertops"

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That's what it looks like to me too. I was surprised when it was listed as short sale. It never seemed like a genuine possibility.

http://ecarmls.com/EmeraldReports/listings.asp?ID=5516669046

This is the one at $450,000. This home could be completed and lived in or rented out this season for $550,000 all in. That's about $200 per square foot land included.

How can you do better?

I hope this link works.. http://ecarmls.com/EmeraldReports/listings.asp?ID=1316874327

There seems to be a lot of movement on these related properties.

I've heard the talk and:

Yes, the Pella windows and doors are impact glass over there on the $450,000 WaterSound Beach home. Yes, the siding is #1 premium blue point cedar shake on the $450,000 WaterSound Beach home. Yes, the roof is #1 Heavy pressure treated cedar shake on the $450,000 WaterSound Beach home. Yes, the hurricane tie down system is by Structural Technologies and has it's own seperate engineer's certification on the $450,000 WaterSound Beach home.

http://ecarmls.com/EmeraldReports/listings.asp?ID=5516669046

This is the one at $450,000. This home could be completed and lived in or rented out this season for $550,000 all in. That's about $200 per square foot land included.

How can you do better?

What was the final plan on that stairwell? I've seen WC homes with stained wood star cases, this looks like it was destined for carpet? Or is that stainable wood? It's a nice looking little house overall, 450K aint bad for WC.

What was the final plan on that stairwell? I've seen WC homes with stained wood star cases, this looks like it was destined for carpet? Or is that stainable wood? It's a nice looking little house overall, 450K aint bad for WC.

The $450,000 home is South of 30A by the Bridges poolhouse in WaterSound Beach. We cut the stair stringers to meet code using 3/4" hardwood floors at all living areas, landings and hallways. We cut the stair stringers anticipating using 1" hardwood stair treads.

This $450,000 home is the first bank owned property I've been aware of that we couldn't buy a comparable lot and build a home for less. The home across the street sold as a short sale or REO for $1,250,000 this past May. Many of the vacant lots in that section of WaterSound Beach sold for over $800,000.

Like I said, when you consider you could be in this 4 bedroom, 3 story home trimmed out and landscaped the way one would like it for about $550,000 I don't know how the price could ever be beat.

BTW, what is the price of the house?

BTW, what is the price of the house?

The house and lot as it sits today is $450,000. It is not far from being finished, about $100,000 and 8 to 12 weeks depending on how it is designed by the buyer.

The original build contract was about $450,000. I don't know how Countrywide can afford to sell it for $450,000. Countrywide had $1,150,000 in it.

The original build contract was about $450,000. I don't know how Countrywide can afford to sell it for $450,000. Countrywide had $1,150,000 in it.

Countrywide couldn't give a damn--we taxpayers <and our kids/grandkids> are going to foot the bill for this fiasco.

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Countrywide couldn't give a damn--we taxpayers <and our kids/grandkids> are going to foot the bill for this fiasco.

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That is evident.

I hope this link works.. http://ecarmls.com/EmeraldReports/listings.asp?ID=1316874327

There seems to be a lot of movement on these related properties.

Well that didn't take long. 31 days to get a contract.

I am not a Realtor, but I watch these things pretty closely. I don't know how someone could do better in WaterSound Beach than these two projects. I have seen so much activity at these homes over the past 3 weeks it makes it seem like there is no economic worry.

I'm glad for the Seller and I think it is most surprising that the price looks to have been raised $65,000 on that one during this Thread. It looks like Hillary Farnum was involved in the contract too. She is doing very well in that marketplace and knows the product as well as the most in tuned.