Ft Lauderdale Waterfront Homes | An Unusual Foreclosure in Fort Lauderdale

Posted by Eric Miller on Thursday, January 13th, 2011 at 10:19pm.

Very often we have requests for Fort Lauderdale Waterfront Foreclosures and very often I sit down to write personal notes discussing the Fort Lauderdale Real Estate market and how the finest properties in the Ft Lauderdale Real Estate market are simply not sitting on the foreclosure lists waiting for the right buyer to come along.f1098567_101_12_512

At Eric Miller and Associates numerous articles have been written about the value of the land in Fort Lauderdale Real Estate. In a real estate market like Fort Lauderdale where land is a scarce commodity it only makes sense that land would make up a larger portion of the value of a home than it does in other parts of the country.

Today I get to bring my readers exactly what they have asked for a Fort Lauderdale Waterfront home in foreclosure, and a Ft Lauderdale Waterfront home that has a price tag that clearly shows the value of a great piece of Fort Lauderdale Waterfront Land.  This Fort Lauderdale Waterfront Home sits on a spectacular lot in one of the best neighborhoods in town, Coral Ridge. The home even though is in neat condition and has received numerous renovations over the years is dated for today market. The next owner will either be doing an extensive renovation or starting over. But either way the lot, which this Fort Lauderdale Waterfront home sits on, is a South East Point Lot.

 

With over 100 feet of Fort Lauderdale waterfront on the intracostal and almost 100 feet of Ft Lauderdale on the intersecting canal.This type of point lot is considered prime when it comes to Fort Lauderdale WaterfrontHomes for Sale.

This is a bank owned foreclosure at $2,295,000, and was recently reduced from $2,650,000.The current home is over 6000 sq. feet, and 4 bedrooms, and 5 baths. The entire second level is a master suite with incredible views of the intercostal. Someone is going to get an incredible buy on this intracoastal front home that has had and will continue to have a grand spot in Fort Lauderdale Real Estate.waterfront_512

Looking for a Fort Lauderdale Waterfront home? In today’s bargain priced Ft Lauderdale Waterfront Real Estate market; we can find Fort Lauderdale Waterfront homes starting in the $400,000 range.  They will be further inland from the intracoastal but they still remain part of the classification of Fort Lauderdale Real Estate investments that we consider prime, Ft Lauderdale Waterfront Homes. At Eric Miller and Associates we invite you come spend some time with us learning to navigate Fort Lauderdale Real Estate.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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