Presenting the second-cheapest waterfront property in the last four years on Paradise Island. Even after all the storm damage in the area, teardown homes are still selling from $900,000 – $1,200,000. The land itself is assessed at $888,000. This is a prime, .25 acre lot with a westward view on the intercoastal waterway. 

This area was hit by the recent hurricanes. It is in the process of undergoing a huge value boost with all the rehab and soon-to-be new construction in the area. The newer construction homes on the water are ranging from $2.75M – $5M. We've remained on the conservative side with a $2.75M ARV. But that can easily, and should probably be, pushed. New construction and most of the new rehabs will have to conform to recently updated hurricane resistance standards, including impact standards and elevation requirements. This makes it unlikely that prices will ever be this affordable again. 

Don't miss out on what will most likely be your last chance to have a Treasure Island property for under $800,000. Call your EquityPro Advisor today.