Pelican Bay Lot $99,900 now 60% below last sale

We had a contract on this lot that fell through. Consequently the seller has reduced it from $115,000 to now listed for $99,900! MLS 467181. The last sale in this subdivision in the MLS shows a sales price of $249,900 and it closed 3/9/2005. Pelican Bay is a gated subdivision located off East Mack Bayou Road just north of Sacred Heart Hospital. The subdivision has bay access, tennis courts, a picnic area and a dock. There is no build out time for this lot and the association dues are low at approximately $250 per year. Feel free to PM me if you would like any additional information.