New Foreclosure In Bay Heights – Needs To Be Reduced
April 29th, 2009 | categories: Coconut Grove Real Estate, New Listings in the Grove
This new foreclosure in Bay Heights came on the market last week. I previewed the home for some clients and was impressed with its large size. It has 4,529 square feet of living space on an 11,000 square foot lot with ample room for a pool. The home is a sprawling ranch-style home which is very typical for Bay Heights. As far as foreclosures go it is in very good condition (there are some water leaks that the selling bank is fixing).
The house backs up onto Bayshore Drive, which is one of the negatives. The other major negative for me is the asking price of $899,900. This is a foreclosure and we usually see them priced to sell quickly but this one is clearly not. For example, I have a listing (non-distress) on the other side of Bay Heights located at 79 West Shore Drive (click for details) priced for $875,000 – it is a 1992 totally remodeled 3,700 square foot house with a pool in perfect condition.
If purchased for the right price, and given a little love and care this foreclosure could be a great house.
If you’d like to see this or any other foreclosures in Coconut Grove, please feel free to give me a call at 305.342.1623, I am happy to set up appointments for you.
Details of 301 East Shore Drive:
- 4,529 square feet living space, 11,000 square foot lot
- 4 bedroom, 5 bath
- 2 car garage
- Listed by Powerhouse Real Estate