Bobby what did those homes in grayton cove sell for? i see one listed for $299k tonight at 8 gulf mark lane. i drove by those a few weeks ago and the yards were grown up 10 feet. plus thats a good 1 mile plus to the beach. scounting the area i'm still seeinfg many homes still for sale that have been on the mkt 1 -2 years.
The range was $250,000-$289,000. The one on Gulf Mark has been under contract twice. It just came back on the market. It is 5 bedroom but has a weird living area. Very small living. Still a good buy. All the landscape is currently be redone and the pool is back in action. The folks that bought in there have already created a community with the same purpose. They all wanted a beach house and not have to worry about rental numbers. One buyer even flipped one to a friend. We have sold 3 of these and are waiting for the next and last of the foreclosures. The homes were very well built. I think parking was OK especially if you look at the majority of the beach properties down here.
I think Grayton Cove was the best deal going in a long time. One buyer in the hood has taken the ball and is fixing all the problems. Basically, creating the value. Take another look next time you go by. The only problem area at this point are the 4 remaining foreclosures. I think the new buyers are cleaning up those yards as well. The homes all had 9'-10' ceilings, granite, stainless, slate, hickory floors, solid core doors, hot water demand systems, community pool, etc. I used that hood as a barometer if my buyer was real or not. If they did not get that one after showing everything else, I found they were tire kicking. The proof is in the sales. Not only the 5 of the 6 auctions are gone but there were 3 other homes for sale that are sold. 8 homes out of 9 active, now sold. I think with the new added value (pool and yard all maintained) the next and last 4 will be gone in days.
The homes you are seeing that have been on the market for 1-2 years are priced too high.