Waterfront bargains

A little more than a year ago if someone would have asked about a boatable waterfront property on a deep water canal with no bridges to Tampa Bay I might have told them you are looking at $500k plus minimum.

Not so anymore.

There are three bedroom, two bathroom homes in Manatee County in the $300k range matching the above waterfront description.

There are auctions going on in the county where the reserve bid is in the mid $200k range.

What this means is that waterfront is affordable again.

How long this will last is a guessing game at this point. Waterfront property is and will continue to be some of the most desirable properties on the coast.

The market continues to drop but as it begins to stabilize (remembering real estate is a local market so it will be different everywhere) waterfront property again will start to rise and be out of the reach of the average home buyer.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.779.5149