Open house on Saturday for this direct Atlantic Intracoastal Waterway Home in Ormond Beach on exclusive John Anderson Dr. This home fell victim to the crisis like so many others.

If asked about it 4 years ago and I would laugh at the idea of these properties going for less than the price of land. Similar lot a bit farther north was sold in September 2006 for $837K.

But this is exactly what happened. This 2,877 SF direct riverfront home was listed in 2007 for $1,199,000. And on Saturday we are running an Open House hoping to get an offer in $500s.

The house underwent a massive remodeling in the last 3 years. Intracoastal Waterfront with magnificent views of Tomoka Basin over protective island.Short walk to the beach. Potential and room to expand. Everything is new from Jenn-Aire Appliances to new dry wall & finishes. No more Pop corn. All Travertine Tiles, 3/4" thick Hardwood Floor, Carpet only in one Bedroom. Italian Kitchen & bath Cabinets, all Granite Counters. Knock down & European Ceilings. All new Electrical & Plumbing Fixtures. Private Master Concrete decking on water, covered boat dock with new fish cleaning station, newer pylons and boat lift, extra pad for motor home. Newer 4 zoned sprinkler system and roof, circular driveway. Beautiful glass double entry doors, intercom & prewired for security system, brick fireplace in open living room w/ soaring ceilings. Huge Walkin Closet in Master. This home has much more. Adding 2nd floor will enable an ocean view. Room & Plans for Pool. Mature trees. Currently used as 2 bedrooms.

So, come see us at the open House this Saturday from 12 to 3 PM.