The Conquistador Deal of the Day 5-4

From $829,900 to $310,000 !!!!!

This is the perfect illustration for what has happened in the real estate market and how opportunities abound for insightfull buyers.

This lakefront property in one of Key Largo's best neighborhoods, Buccaneer Point, was originally listed at $829,900. Now I'm not sure what type of hallucinogens the Owners and Broker were sampling at that time, but it was obviously priced way outside of market value. After several subsequent price reductions, it fell into foreclosure and now a very lucky and astute buyer has purchased it for $310,000, which for this neighborhood is a very good deal indeed. It shows that the further the pendulum swings it one direction, with time, the market brings it just as far back in the other direction.

34 N Bounty Lane, Key Largo

List Price: $309,900 - Sold Price: $310,000

Original List Price: $829,900

3 Bedrooms/2 Bathrooms

Mile Marker: 98

Click Here for Mapped Location

Description: FORECLOSURE, BANK OWNED! BUCCANEER POINT. HOME IS LAKE FRONT. COMBINATION OF STILT FRAME CONSTRUCTION! THIS EXCELLENT KEY LARGO LOCATION IS ONE OF A KIND! SMALL COMMUNITY WITH EASY ACCESS TO FISHING, BOATING AND ENTERTAINMENT.

Click Here for a Detailed Brochure.

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