Can you imagine this view from your new waterfront home in St. Petersburg, Florida? You can watch dolphins and manatee playing in the water. You can watch cruise ships, cargo ships, and occasionally Tall Ships as they pass under the Skyway Bridge. You can build a dock for your boat or yacht; you can catch fish from your seawall.
Why aren't people seeing this? Because they're seeing the 3 bedroom 2 story house already on the property, and the detached garage, and the pool. They don't see the wonderful building site (nearly an acre, at 100 ft wide by 350 ft deep) in an area of estate homes. But - the 2,700 sq ft house really needs to be torn down. Because the house is there, we can't list is in the MLS as a lot - we have to list it at a house.
Yes, in the comments, of course we say that this is a "tear down" and is priced at only the lot value. Yes, when a prospect or an agent calls, we tell them that this is not a home for a remodel, it's really a tear down and only suitable for someone who wants to build a new house there.
More times than not, the prospect or agent will say, Yes, I know, I still want to see it. And every one has said, "Yes, you're right, it's a teardown. We really don't want to build, we want to renovate." It's a record that's stuck (for those of you who remember records).
Many prospective buyers just can't see beyond the house. Why can't they just see the lot? Well, what is, is.
We've suggested to the ssellers that they tear down the house, so that we can market it as a building site. We just got an estimate for the demolition: to remove the house, the garage and the pool, is only $11,500. Perhaps they will. That worked for a multimillion dollar property in Palm Beach - we think it will work here, too.
Waterfront home site in St. Petersburg, Florida with open water view - million dollar lot, multimillion dollar view.