$300,000 Half Acre Lot / Pines Blue Mountain Beach / LOWEST PRICED LISTING

Is this the same land / lot, wherein the auction head earlier this year, with a starting / min bid of $200K yielded ZERO buyers?

Does the buyer believe the new price which is approx 30% higher than the previous auction NO offers price of 200k will yield a sale. If so, what does indicate about auctions if the property sells for a price higher than 200k?

Regardless of the 'dry powder' that someone has, this is a tough market that many people wouldn't do again if they knew the current situation -well researched or speculator.

Maybe not Real Estate....but folks with a need for greed will go along with the next "no risk/high reward make-money-fast scheme" that comes down the pipe.

At what point did we stop working to earn our fortune and start searching for easy ways to quick wealth?

.

Maybe not Real Estate....but folks with a need for greed will go along with the next "no risk/high reward make-money-fast scheme" that comes down the pipe.

At what point did we stop working to earn our fortune and start searching for easy ways to quick wealth?

.

I can't speak to the "we" as a society, not yet anyway I'd have to research a bit. But for me personally it was my 26th birthday.

Maybe not Real Estate....but folks with a need for greed will go along with the next "no risk/high reward make-money-fast scheme" that comes down the pipe.

At what point did we stop working to earn our fortune and start searching for easy ways to quick wealth?

.

Who said it wasn't work?

Never thought I'd see the day when TN property was more expensive that beach property

Never thought I'd see the day when TN property was more expensive that beach property

I suspect your market is strong for all the right reasons. I further suspect this market will once again swing upward wildly because of the beauty of the area. I find it ironic that all the gratuitous, negative, self-serving comments come from people who are obsessed with this area, and desperately want a piece of 30A. The negative posts on this board are only indicative of the poster's reality. The typical pattern here is the Realtor posts, and then the snide comments ensue, and nothing new is learned, other than a few choice folks here have major issues.

I don?t begrudge anyone making a profit and I agree that the owners of this parcel had wonderful insight to purchase when they did. I sincerely hope they get their asking price. I do believe that researching cost basis is an important part of the equation if someone is contemplating a purchase. There are plenty of examples out there of properties purchased in 2004/2005 that are now for sale with an asking price 30% ? 50% greater than the buy price. I?m sorry but that really wasn?t that long ago, and if someone bought at the height of the bubble, then ?oh well?. I really think this is one of the main reasons that the market isn?t moving.

I suspect your market is strong for all the right reasons. I further suspect this market will once again swing upward wildly because of the beauty of the area. I find it ironic that all the gratuitous, negative, self-serving comments come from people who are obsessed with this area, and desperately want a piece of 30A. The negative posts on this board are only indicative of the poster's reality. The typical pattern here is the Realtor posts, and then the snide comments ensue, and nothing new is learned, other than a few choice folks here have major issues.

Is that post positive or negative? And what new something should I glean from it?

Some of you are new and the rest of you should already know that we don't editorialize on threads that offer property for sale. In the future, please start new threads for that.

Let's be fair to the thread starter and help them sell - thanks!

Good, Bad, or otherwise, this is publicity. Last I looked, all publicity is a good thing.

Re: Half Acre Lot / Pines Blue Mountain Beach / LOWEST PRICED LISTING

I love the Pines, I think that is a great price, great location as well....BIG question though--is there going to be a major assessment for the owners to fix all the messed up roads in there? Or are the roads County owned?.

Just spoke with the seller regarding the roads. Last she heard, the county is supposed to take over the paving of the roads and the owner's will be assessed a fee of around $8,000 to make this happen. She is checking into this to see if we can't get a more solid answer on when and how this will occur. As soon as we have the specifics, we will let everyone know.

Ok, the seller really, really needs to sell this lot. In all of you SoWal folks opinion, do you think if she lowered the price one last time to $250,000, would there be any interest? As always, we appreciate everyone's feedback.

What's their Plan B?


.

What's their Plan B?


.

Not sure what Plan B is .... any ideas?

Ok, the seller really, really needs to sell this lot. In all of you SoWal folks opinion, do you think if she lowered the price one last time to $250,000, would there be any interest? As always, we appreciate everyone's feedback.

​

Lot 14 Surfside Drive West
MLS# 450186​

NO

Not sure what Plan B is .... any ideas?

They paid 34K for it in 2001.(90% a year is a pretty steep appreciation)...appears they've got a lot of wiggle room to keep dropping the price till they hit market.

.

They paid 34K for it in 2001.(90% a year is a pretty steep appreciation)...appears they've got a lot of wiggle room to keep dropping the price till they hit market.

.

Yes, it would appear that they would have tons of wiggle room. However, due to other financial obligations, the wiggle room isn't as big as it looks. Wish it were that simple. However, we would love for someone to just make an offer and then we could find out just how much room there really is. If you look at the other available lots in the subdivision, it's remains the best priced.


LOT 14 SURFSIDE DR W 0.53 $275,000
LOT 41 BLUE CORAL DR 0.57 $279,000
LOT 42 BLUE CORAL DR 0.57 $300,000
35 SURFSIDE DR 0.50 $350,000
000 BLUE WAVE DR 0.57 $459,000
30-A .82 ACRE VMU PARCEL 0.82 $1,350,000

Yes, it would appear that they would have tons of wiggle room. However, due to other financial obligations, the wiggle room isn't as big as it looks.

That's really not the buyer's issue.

Wish it were that simple. However, we would love for someone to just make an offer and then we could find out just how much room there really is. If you look at the other available lots in the subdivision, it's remains the best priced.


LOT 14 SURFSIDE DR W 0.53 $275,000
LOT 41 BLUE CORAL DR 0.57 $279,000
LOT 42 BLUE CORAL DR 0.57 $300,000
35 SURFSIDE DR 0.50 $350,000
000 BLUE WAVE DR 0.57 $459,000
30-A .82 ACRE VMU PARCEL 0.82 $1,350,000

They all require your password to see 'em. But I suspect they're overpriced as well.


.

.

That's really not the buyer's issue.





They all require your password to see 'em. But I suspect they're overpriced as well.


.

.

We are not trying to say it's the buyer's issue -- just saying that they won't be making some giant profit even though it may appear that way. Try clicking here if you would still like to look at the other properties. We understand where you are coming from in regard to the price appreciation -- so what would you think a fair asking price would be -- we would be shocked if anyone owning land along the 30A was willing to sell at $30,000 today but who knows ... the way things are going ... it may very well get there again. Guess time will tell.

They all require your password to see 'em. But I suspect they're overpriced as well.

.

Just did a search for South Walton and we could only dig up 4 available lots that are at least a 1/2 acre for less than $200,000.

Ok, the seller really, really needs to sell this lot. In all of you SoWal folks opinion, do you think if she lowered the price one last time to $250,000, would there be any interest? As always, we appreciate everyone's feedback.

Lot 14 Surfside Drive West
MLS# 450186
​

Seems to me that lots in many places along 30A are generally selling (the few that are selling) in the range of 2003/2004 prices. Given that prices in the vicinity of this Surfside lot were selling in the low $100's back then, maybe you should lower the price to $150k or so to leave yourself a little bit of wiggle room for negotiation. That would still produce a profit on this particular piece of property of 300% plus. I don't think you would get a nibble at anywhere near $250k even though the lot is almost a half acre.

In all of you SoWal folks opinion, do you think if she lowered the price one last time to $250,000, would there be any interest? As always, we appreciate everyone's feedback.

Lot 14 Surfside Drive West
MLS# 450186
​

No, I think it will take getting the price down to about $165K-175K would be more realistic in terms of getting an offer.

You mention that there would be a $8,000 charge for the paving of the roads. That would seem very cheap for the entire subdivision. Do you mean that $8K is per lot owner?

Emotion happens and will continue to happen, the same way a parent who is disciplining a child will always still love that child, but isn't gushing with sentiment while they discipline.
Yes, sometimes it doesn't work out in a transaction and one moves on, and in real estate today easily may find something else.
Friends of mine made out better in their Sowal purchases, others didn't.
Someone on this Board, oh, it was Shelly , said to buy memorable experiences. That's what I did. I bought a lifestyle I never imagined, lifelong friends, great memories, some headaches along the way too,
My point is you just can't put a price tag on everything.

Looking up a home sellers cost basis is like sneaking around someones underwear drawer.

Why is there even a discussion on emotion? If you want to sell, the market is the market is the market. Get with a reputable auction company and
"getter done!"

No, I think it will take getting the price down to about $165K-175K would be more realistic in terms of getting an offer.

You mention that there would be a $8,000 charge for the paving of the roads. That would seem very cheap for the entire subdivision. Do you mean that $8K is per lot owner?

Thanks SJ. As we understand things, the $8,000 would be per lot owner. And at one time, it was explained to us as $800 a year per owner for 10 years. However, we are trying to get verification on this and as soon as we have a solid answer, we will post it.

Seems to me that lots in many places along 30A are generally selling (the few that are selling) in the range of 2003/2004 prices. Given that prices in the vicinity of this Surfside lot were selling in the low $100's back then, maybe you should lower the price to $150k or so to leave yourself a little bit of wiggle room for negotiation. That would still produce a profit on this particular piece of property of 300% plus. I don't think you would get a nibble at anywhere near $250k even though the lot is almost a half acre.

Fisher, you make a good point - thanks for your input. It will definitely be interesting to see what happens over the next couple of years.