Sold: Ebb Tide
Original List Price:
$2,750,000
Price Reduced to:
$1,950,000
Days on Market:
693
Closing Sales Price:
$1,500,000
In this new, occasional feature, we will keep track of actual villa sales closings, because the only price that really matters is what it actually sells for.
We should call this sale the bargain of the year. Great property, extra large, 1+ acre waterfront lot (half the cuh-ching right there), nice existing home. And it went for a huge discount.
If you’re not familiar with this villa, check out the “Villas for Sale” link. Lisa Durgin at Vacation Vistas rents it, (and it looks like it’s open a few times in the next couple of months.)
November 29th, 2007 00:36
The tale of the tape should include what the owner who sold the property paid for it.
November 29th, 2007 07:34
That’s a humdinger of a deal! Now I know how much to low ball when I buy my villa on STJ
November 29th, 2007 09:12
Is this now a real estate site? What happened to the features about the people on island that you promised?
November 29th, 2007 09:56
I think a little St. John real estate reality every once in a while on your site is a good change of pace. The asking price was obviously unrealistic. Bargain at $1.5M? Maybe, maybe not. But in general asking prices are decreasing by 10% to 20% when I look at the real estate web site.
November 29th, 2007 12:01
Jeff correct me if I am wrong, I think Mugar’s property in Peter Bay was the largest sale this yr. I also think he got pretty much near his asking price.
I will say Mugar has a beautiful home in Peter Bay but not sure that much land.
November 29th, 2007 22:35
I love this feature! I’ve been following the St. John MLS for the last few years and was wondering if Ebb Tide and other villas that were priced so high would ever sell. It would be great to know how much the owners paid for the place, but I think they did renovate it.
November 30th, 2007 07:53
With the cost of building a new home on St John. That is a real bargain!
December 6th, 2007 22:03
I also like the real estate feature on your site. I enjoy seeing the different villas and the prices. We occasionally dabble in the thought of buying a villa on STJ, then soon come to our senses.