Let Us Help You Find the Right Waterfront Home or Property
Let Us Help You Find the Right Waterfront Home or Property
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About Ellis Point
  • Home Designs
  • Benefits to Investors
  • Investment Summary
  • Exit Strategies
  • Purchase Terms
  • Management Agreement
  • Fact Sheet
  • Town of Bethany
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    Real Estate Strategies & Investment Options

    1. Your first option is to hold the lots until the shore real estate market strengthens for the purpose of receiving retail value for the lots, at an estimated gross sales value of $2,600,000, per block of seven lots.
    2. The second option could be to quick-sale the lots for $2,000,000/block. Comps for area show that land with waterfront or water view is $300K/lot.
    3. A third option is to hold the block and bulk sale the lots for $2,275,000 to a regional/national builder as the  market improves.
    4. Fourth option could be to build and sell spec, or contract, homes on the lots for approximately $5,000,000 million. Comps for the area show that waterfront or water view homes sell between $700k and $1.1MM/unit.

    Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.

    Prudential Gallo, REALTORS® is a real estate licensee in the State of Delaware. SCAOR # SCAOR07036.

    Copyright 2008 Sussex County Association of REALTORS®, Inc.

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