Water Front Property

By
Real Estate Sales Representative with Real Living 1st Choice Realty

I just listed for sale a single family home in a 55+ community and it sits on a oversized  waterfront point lot in Tamarac, Florida. While sitting on the large screened patio and enjoying the breeze and view I wondered if when this home was appraised what value the appraiser would put on this premium lot. In this short sale,reo driven market who knows if it does increase the value and how much. It used to be that waterfront lots added certain values depending on size and view in the Coral Springs area. Does anyone out there have a good answer? I do know that anyone who looks at this home will know what I'm talking about but will they give credit for it being a unique setting or compare square footage with the short sale down the road. I also know that being a former builder that they are also not manufacturing any more lots of this kind. You can renovate the home but cannot change the view.

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Topic:
ActiveRain Community
Location:
Florida

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