1163 Russell Way

East Point, FL 32328

$950K OCEANFRONT Investment Fix-N-Flip. This home is located on Saint George Island Florida. This is an ICF Concrete Structure, 8,500sf + 2,833sf parking barbecue etc. underneath home. (WORTH APPX 5-6M After Finished) Depending on the materials you finish it with. Some of the comps and for sale properties in this area are well over 1000per sf. There is a Deep well and an Infinity Pool on the Roof overlooking the ocean. The Jacuzzi is beachfront on the roof, lots of rooms and bathrooms already plumbed in and plenty 2 of open space to add or change whatever you want into whatever you want. 4 large balconies facing the ocean, electrical wiring already in boxes, electric panels installed, styrofoam insulation finished, stucco and stonework need repairs. This property has good bones and an ICF Concrete Structure Like This could last for hundreds of years. Complete cosmetical facelift needed on the whole thing but it's an amazing home. This property prior sold for $700,000.00 like 20 years ago. I will compensate the selling agent for private cash buyer. There are multiple "land only" properties for sale within a couple miles down the street from this property "1acre or less waterfront" for more than double the price of what i'm asking for this place (and those are land only no structure) "so you're getting a really good deal from me for only 950k" (The previous owner spent over 1.2M in concrete wiring and plumbing already.) The water is clear enough that you can see the fish swimming in it.

Listing courtesy of Savvy Avenue, LLC



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Data last updated at 2024-05-16 05:35 PM EDT