PALM BEACH, FL (WFLX) - Shari Olefson from Fowler White Boggs picked property number 3 of the "Real Steals" because of its asking price.
It's located 214 Plantation Road on the Island of Palm Beach.
It has 3 bedrooms and 4 baths. It has 2749 square feet under air and 2993 square feet total.
Shari says the extra value here is in this huge oversized lot. Lot size is 11,400 square feet. You could live in this wonderful charmer and some day add a second story or even build a really big new home here. Beautifully 'designer' decorated in that world-renowned with that world reknowned Palm Beach flair – spacious high ceilings, old world fireplace, a happy and sunny feeling home. Lush yard with pool. And that yard is what's 'to die for.'
The asking price is $1,650,000. Similar homes in this area sell for as much as $5,000,000.
This is one of those cases where the owner has bought another home on the Island and realizes that, even though they are not in distress, they have to compete with other homes that are. So this home is priced extremely well. In fact it sold in 2006 for $2,000,000!
It even has great rental potential as an investment – around $15,000 a month in season and $7000 during off season and the owner has a 10 year rental history to prove it!