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510
Lost Key Drive
Pensacola, FL 32507
map
• 3 Bedrooms/3.5
Bath
•
2 Car Garage
•
2 Room Apartment above garage with kitchenette
and bathroom
•
On the Golf Course
Only $200,000
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Over six (6) months have
passed, and I have had no contracts on my house on the
golf course. It is a beautiful property; and if I do not
sell it fast, it will go back to the bank in
foreclosure. The price, which was originally for a
little over eight hundred thousand dollars ($800,000),
has been lowered to about five hundred thousand dollars
($500,000) - no contracts. I have had people look at it,
but no contracts.
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Desperate times bring desperate measures: I am
thinking about putting my house up for bid starting at
two hundred thousand dollars ($200,000)! Surely, that
should get some attention. The bid will be subject to
bank approval so it might not be accepted for that much
by the bank, but at least it will get the process in
motion. A buyer will give me a contract on the house for
$200,000. I will take that offer to the bank. The bank
will either accept the offer or reject the offer. If the
bank rejects the offer, the next highest bid will be
presented to the bank (unless the bank counteroffers in
which case the first bidders have the option of
accepting or rejecting the new offer). If the bank
accepts the offer, the buyers have a four thousand plus
square foot beautiful home on the golf course (12th
Green) for a fraction of the original cost! Even
though it is obvious, I still have to say it... "What a
sweet deal!"
This is a great property
and deal for anyone interested in relocating to a
beautiful golf course setting on an island on Florida's
gorgeous Gulf Coast. Only two bridges connect Perdido
Key to the mainland - the west bridge to Orange Beach in
Alabama and the north bridge to Pensacola. Of course, it
might just be a second home for someone who wants to
vacation near the beaches and golf courses (tennis
courts and boating, too). For $200,000, it might be a
great source of rental revenue as well.
If you are interested,
post your comments on the comments page or email me (Noah@ShortOnChange.com).
I will update this post when I work out the details and
actually put this offer on the market.
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