The next highest-priced
house, with 3,733 square feet also on the bayfront, sold for
$1,200,000 and is still owned by the person who bought
it back in January of 2014. In June, the buyer sold his existing
2,455 square foot bayfront home for $990,000. Moving is so much
easier when you're only going down the street, right?
A canal home involved in
foreclosure (3/2; 1,639 sq. ft.; with pool & dock) was acquired
by the bank for $314,600 in April. They have since sold it for
$359,000. Another canal home sold for $537,000 in June. It has
3 bedrooms, 2 1/2 baths, 1,844 sq. ft., a pool & dock, and
was built in 1967. (There have been 8 different owners since
2001, so one could say this property has a history as a "flipper."
We hope the current owners plan to stay awhile.)
Moving right along to the
Sorrento South homes that are not on water, the top price went
for a 1974 house that had been in foreclosure. The mortgage company
sold it for $168,000 in February of 2014. The buyer did some
major renovations and sold the 2,178 sq.ft. house with a pool
for $335,000 in December. Not a bad return on investment!
home that sold for $320,000 was a 3-bedroom, 2-bath house with
2,224 sq.ft. While it did not have a pool, it had a boat slip
in the marina which added to the value of this 1972 house.
Five home sales on four
different streets ranged in price from $215,000 to $290,000.
At the low end was the smallest house (2 bedrooms, 1378 square
feet) while the two highest priced homes in this category had
3 bedrooms and were closer to 2,000 square feet.