Mandalay Beach. $6m freakin' dollars. Who in the right mind would spend their $6m on this? Did I say $6m? No, that was the price a few days ago. The new price is a far more reasonable $4,395,000. Notice also no sign of the price change. The games on the beach are the same just with more zeros.
8 comments:
FIRST you disappear for several days, now the topics come in spades.
I guess ole KC is not the only one with "highs" and lows?
You forgot the $8,000 tax credit. *Actual cost to buyer:
$4,387,000
Monday, Tuesday, two related on Thursday and a Friday. Tomorrow its to BART for a capacity analysis.
I drove along the Rincon today and there are new for sale signs popping up. Gotta check the MLS to see whats going on.
It sold for $1.5 million in 2005. How much will that house be worth if a tsunami rolls in?
$4.4 million will buy a working ranch with good water and mineral rights in flyover country.
I think the more interesting thing on that site is the graph. Hope rising, reality sinking.
Lou,
The lot sold for $1.5m in 2005.
Man, I pity the fool and his/her dreaming price. The best they can hope for is that some rich foreigner mistakes Mandalay Beach for Malibu Beach and offers $3 million, without noticing that the beach faces West, not South, and the weather is mostly too cold and wet to be on the beach, the water is frigid, etc. The beach is not empty in the pictures because it is private, it's empty because "beach weather" in that location not what people usually think of when they use that term. More like the San Juan Islands than Malibu.
That said, I like the house and location, and would happily offer them $1 million for the place if I thought they could afford to sell it for that price.
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