Friday, May 6, 2011

Multi-Million Dollar Oceanfront Short Sale - Was $ 6,595,000 - Now Just Closed at $2,500,000!

95551 Overseas Hwy, Key Largo

Can You Believe this is a Short Sale?
WOW!!!  Probably one of the Best Keys Deals...EVER!! 
Short Sales even affect the wealthy ... as is evidenced by this recently closed sale in Key Largo at Mile Marker 95!

Recently there have been some Big price drops in some huge properties like the recently oceanfront  foreclosure sale in Islamorada for $2,150,000.  This creates some fantastic opportunities for some big ticket Keys buyers, as these prices greatly impact other property values for comparable properties. 

This property was originally listed at $6,595,000 and previously sold at $4,400,000.

So, what does $2.5M get you theses days???  2 Acres on the Water, a 5-bedroom, 2003 built 9,000+ sq ft home., with stunning finishes and a pier with boat lift. 

These are some unbelievable prices at are part of a 3-part perfect storm created by : Low Prices, Cheap Money (Mortgage Rates are still ridiculously low), and a wealth of quality inventory. NOW is the perfect time to buy in the Keys!
Now, the details:

95551 Overseas Hwy, Key Largo

List Price: $3,495,000 / Sold Price $2,500,000
Original Price: $6,595,000

5 Bedrooms /5.1 Bathrooms

Mile Marker 95

Description: MAGNIFICENT KEY LARGO OCEANFRONT ESTATE Nestled on a private & gated 2 acre hardwood hammock w/abundant tropical landscape! 5BR 5.5BA w/the finest custom craftsmanship & state of the art design. Grand foyer w/private staircase & elevator; Gourmet kitchen w/isl & the finest appliances; Wet bar; Loft & sun deck; GRAND MASTER BR/BA; Custom cherry wood & natural stone floors; Pool/spa; 4CG;Dock w/lift

View Detailed Brochure with Photos

View Mapped Location

Available Key Largo Waterfront Homes Over $1,000,000

Available Islamorada Waterfront Homes Over $2M

Marathon Waterfront Homes $1M+

Ready to step up to Luxury Keys Living??? 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

1 comment:

  1. it is really important to ask for advice from realtors and attorneys when planning to buy a real estate.

    Oceanfront Real Estate Miami