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Originally Posted by Webby
Hehe .. that is *almost* kinda typical bauhaus - love the sound of that buy at $160K and outgoing at $2.2 
Is you pic of that property? Good ocean view! Hilltops/views sell for very good money and generally over $100/sq meter ($1mill min/hectare).
Beachfront a lot more - and almost impossible to estimate the value of that as it's constantly increasing. One lot was offered at $9mill a few years back - had the usual Costa Rica features and 1.5 miles of beach in total. We were sitting quibbling over it - when in fact, the beachfront alone if plotted was showing a sale value of about $1 - $1.5mill for a two acre plot. There are a lot of 2 acre plots on 1.5 miles of beachfront! |
Yeah man... lot was just under 4 acres... so your 1mil/hectare min ballpark...fits in pretty good there... I was just there before the rational biz minded land developers got there.. or rather the israeli investment banks in this case. The 'gentlemen' that showed me the lots was 72yrs old, wearing rubber boots, a straw hat and 1980's adidas stripped mini shorts. He probably makes $1500-2500 per year on average so his initial idea of $160k for 1/80 maybe of his mountain was still pretty good in his eyes. I never planned on selling it just seeing that view every morning when I got up. I am sure the dude died the day he got 22million.
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