Grande Pointe Lot 83, short sale, in Inlet Beach, off 30-A in Santa Rosa Beach, Florida, just sold for $90,000. This was a Regions Bank short sale. WHAT? A short sale in today’s market? It doesn’t happen often, but there are still some cases along the Emerald Coast of Florida where prices have not caught up (yet) to the market as it was in 2005. There are probably only pockets of instances where this could occur. In the Grande Pointe subdivision, lots were selling for around $350,000 in 2005. Now they are “skyrocketing” from a low in the $30,000 range in 2012, to over $100,000 today. The funny thing is, I worked on a short sale for this property back in 2012. At the time, the short sale lender, Regions, would not accept a fair market value offer. This year, they did.
I’ll copy what I wrote in my original blog post from 2012 here:
Gorgeous building lot in elegant Grande Pointe subdivision in Inlet Beach. You will be enchanted by this neighborhood in Santa Rosa Beach Florida. Impressive entrance, community pool, amenities pavilion with kitchen and community dock. Located on Lake Powell, east of Rosemary Beach, you will be near public beach access and miles of biking trails. Well-located for the South Walton 30-A lifestyle, the Panama City International Airport makes owning here convenient, too. Minimum home size 1450 square feet. This is a Regions Bank short sale listing.
Grande Point at Inlet Beach, Lot 83, Santa Rosa Beach FL – Offered for $33,900
WHAT!!????????????? Not today. Lots have even doubled from this short sale price of $90,000 -to almost $200,000 each.
If you find yourself in a pre-foreclosure situation in Santa Rosa Beach, Destin, Niceville, Crestview, Fort Walton Beach, Navarre or vicinity, help may be available. Seek legal advice, and contact me to find out if selling your property may be an option.
It’s Wendy… It’s Sold!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Email Wendy: [email protected]
Wendy Rulnick, Broker, lists and sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Okaloosa Island, Fort Walton Beach, Niceville, Freeport, Bluewater Bay, Navarre, Florida.