Thursday, April 21, 2011

The Conchquistador Deal of The Day - $Multi-Million Islamorada Foreclosure- From $4.99M to Sold at $2.15M!

89401 Old Hwy, Plantation Key, Islamorada

Foreclosures...They come in all shapes and sizes.  As the economic crises that have befelled us take their toll, we find that the crushing blow of financial hardship has griped the full spectrum of home owners.  From the modest two-bedroom home, to palatial waterfront estates like today's deal...and what a deal indeed!! 

The interesting part of this equation is that though many are dealing with these hardships....many others are reaping the incredible rewards of capitalizing on outstanding real estate opportunities.

Today, I give a tip of the hat to my friend and colleague here at American Caribbean, Joel Young, as he worked with the Buyer in this transaction, and he did an outstanding job in procuring his client and incredible deal.

This direct ocean property, in an area dubbed "Millionaire's Row", was last sold for $4.1 Million and was originally listed at $4.9 Million!  This foreclosure has now closed at $2.15 Million!  Basically less than half price...amazing!

89401 Old Hwy, Plantation Key, Islamorada

Description: Open ocean front Old Hwy property on coveted Millionaires Row. 1.41 acres, .72 acre buffer across the street and approximately 30,000 square feet of bay bottom. Big sandy beach overlooks concrete dock with boat lift on a shared basin with channel. Dockside chickee hut. Heated pool with integrated spa. Impact doors and windows. Open porches. Private master suite. Beautiful sunrise views.

List Price: $2,699,000 / Sold price: $2,150,000
Original Price: $4,990,000

3 Bedrooms / 3 Bathrooms

Mile Marker 89 Oceanside

View Detailed Brochure with Photos
View Mapped Location

Available Millionaire's Row Homes

Ready to live on Millionaire's Row??? Put the experience and expertise of The Conchquistador to work for you! For more information on the outstanding real estate opportunities that exist in the Keys, call me at 305.439.7730 or email me at

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