Mobile home with lot on Gulf access canal. Direct access to the Gulf of Mexico for a great price. The mobile home likely needs replaced or just clear the lot and build a site built home. You could also just hold the lot and sell it down the road because this area is rapidly appreciating and this is already priced below market value. This deal works a number of way. Older mobile homes on similar lots are selling around $145k-$165k. Some homes and mobile homes are selling for much higher and aren’t anything special. This entire neighborhood is transitioning and this is currently the cheapest deal in the neighborhood that we see. Even a new construction on the same size lot is listed at $575k and only 1855sqft (13244 Neptune Dr).
This subject property has a lot size of .12 acres. A corner lot right down the canal is .15 acres and listed at $209k. Many other active lots are well over $100k. Many comps have sold for less but this is currently the cheapest of all listed on the MLS. It looks like the days of getting lots in the area for cheap are over.
Don’t miss out on this great water front opportunity!