I'm 2 minutes away...will go look today and post my findings.
Had lunch at Captain Ron's on Saturday and they will be open until New Years and then close down until St. Patty's to complete the remodel--will be adding 5,000 ft. to the building.
Went and looked at the Craigslist Porto Cima House located at #36 Grand Cove Dr.
Nice location on the water; nice protected cove (no wake in that area); nice home next door. The house is at the low end of Porto Cima waterfront homes; basic builders spec home and has been sitting a while. Lot is steep up top with a very steep driveway like most along that section of homes. Pallets are modular retaining wall block.
Here is the left side, rear from shoreline and right side. Note the vines remnants on the left side.
These are looking thru the windows; first is thru the front door the other two are the lower level. Carpet was removed from the a portion of the lower level along with the bottom section of drywall...water damage likely.
I think the ad mentioned that the shoreline was 132 feet...as you can see it is not a straight line. No seawall although it appears the footing is in as there is vertical rebar exposed. Typical lots of this caliber would appraise for $3,000 to $3,500 per foot. I couldn't tell if appliances and fixtures are installed.
The house looks to be around 3,500 sf 4br (master upstairs, 3 downstairs) IMHO I'd guesstimate the value in the $600 +/- range as-is. A question to ask would be the status of membership (if any) in the country club. The memberships (there are various levels)had to be purchased along with the lot; I think that a full membership initiation fee is around $18k.
Last edited by omerta one; 12-24-2007 at 05:06 PM.
I'm sure that's part of the reason it hasn't been finished by whoever has the note on it and is being sold "as-is, where-is", just like a commercial auction.
I had a friend that was dealing with someone down in this area with a partially completed house. I'm not sure if it's this the same one or not but they started in the somewhere in the mid $600K range, he made an offer at around $500K and last I heard they came down to $525K.
If it's been sitting like this since 2003 like was mentioned it might be had for a low number by someone with some spare change looking for a fixer-upper...
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