Key Biscayne “new low closing price” for a single family home
The Key Biscayne single family home market managed to booked 3 closed sales – all three in the entry level price range for single family homes – for the month of October 2007, after having zero (0) closed sales for August 2007 and September 2007 for single family homes. See the following table for a summary of these three closed sales or download a copy at: Oct07 clsd sales
For interest to some, October also managed to booked the lowest closing price for a listed single family home since August 30, 2005 at $925,000.00The following table shows a snapshot of the Key Biscayne single family home market as of November 4th, 2007. You can also download a copy at: Oct07 KB summary
The property highlighted in green is an incredible buying opportunity.472 Warren Ln. (MLS#D1193828) is a two story 4/5 on 3,775 SqFt LA.Appraised at $2,450,000 its vailable today for $2,153.024 or a 12% discount to appraised value. At 88 cents on the dollar, this is a true bargain!
