503 Deer Point Dr

Description

This property represents an incredible investment opportunity in a highly desirable waterfront location. Don't miss your chance to own a property priced below its appraised value with significant potential for future gains. The only thing missing? You. BREAK GROUND TODAY Permits are DONE. No waiting, no stress, just ACTION. The current owner has done all the work for you. State and federal permits? Approved. Site plan? Cleared. You have a unique opportunity to secure a stunning waterfront lot at 503 Deer Point for $899,000, priced below its appraised value of $920,000. By purchasing this property, you are instantly gaining immediate equity, offering you exceptional value compared to other properties in the area. Whether you are looking to build your dream home or make a smart investment, this lot offers a great financial opportunity. By purchasing below the appraised value, you immediately benefit from built-in equity. Should the market shift upward, you could see a return on your investment even before construction begins. If you are considering financing, the reduced asking price helps ensure that your loan-to-value ratio works in your favor. Lenders are likely to be more comfortable approving loans on a property priced below its appraised value, as this gives them confidence that the property is worth the amount they are lending. Additionally, the reduced asking price can help offset other financial considerations, such as closing costs or renovation expenses (if you plan to develop or make changes to the property). Purchasing this lot below market value gives you more flexibility to allocate funds for future improvements, making it an even more attractive investment. This listing is a duplicate of MLS# 653773. Both are categorized as Land, but the property types are differentMLS# 653773 is listed as 'Land/Acreage,' while this one is classified as a Residential Lot.