Residential Property - Single Family Residence in Holmes Beach

Listing Price: $874,000Days on Market: 1

Description of Property

This property is zoned R4 multi-family with 3/2 and 2/1 units. This property is being sold for the land value; however, it has been demoed and is ready for renovations. The sellers are using full transparency to let any buyer know that this property does take on some water during severe storms. Although the water doesn't rise much, it is just enough to be a nuisance and cause the tear out of flooring, drywall, fixtures, and anything that is on the floor. To guard against water intrusion, this structure would need a complete moisture barrier installed around the entire perimeter. The buyer can keep it as is or, due to the large lot size, you could start from scratch and build one or two elevated homes on this property. On the bright side a buyer can add the moisture barrier because the structure is basically, FREE! Don't rely on the room sizes in this listing be sure to measure with your agent for accurate sizes.The average asking price for a 5 bedroom/3 bath single family residence in this Zip code is $1,284,500. This single family residence is listed at about 68% of the average asking price. This is the only 5 bedroom/3 bath single family residence between $600,000 and $1,000,000 currently listed for sale in this Zip code.