With all the recent talk about how much prices have dropped within the past year, why aren’t buyers coming out of the woodwork left and right to scoop up all these great deals! For those of you who are finally figuring out that now is the right time to buy, do I have the deal for you! I have a listing at 5000 Hammock Park Drive, situated in one of the most sought after neighborhoods in Coral Gables. It’s a large renovated home on almost 2 acres of land, one of the largest pieces of property in the area, abutting Matheson Hammock Park. Privacy will forever surround the backside of this home. It is a true gem! The interesting thing about this listing? It’s in receivership, which means it is being held by the courts. It has been priced so low that it is practically at land value! Completely renovated by the prior owner, this 7,497 square foot house has 7 bedrooms and 7½ bathrooms, 3-car garage, tennis court, new swimming pool, and so much more. This is the perfect opportunity to stretch and enjoy living in a spacious, renovated home in the best neighborhood, while holding out the chance to build your dream home down the road! This property is truly an incredible deal for the right people. The Hammock Lake community is very close to getting the approval they have been seeking to become a gated community. If gated, this neighborhood will only increase in value. And if that isn’t enough, we have just dropped the price again! I encourage you to come see this home and realize what a great deal exists at your fingertips…the potential of this home is immeasurable!
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