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Back On The Market: Grande Pointe Foreclosure
By Chad Miller | July 6, 2009
It’s back! The Grande Pointe foreclosure in Panama City Beach! Yes, unfortunately the last buyer was unable to get a mortgage, but his misfortune is your opportunity. This home is an absolute show stopper. The home features four bedrooms, four bathrooms, 2499-sqft of living space, a massive wrap-around and screened-in back patio, a second-story sunning deck and more. Now’s your chance to get an awesome deal on a great foreclosure!
Address: 12 Grande Pointe Dr S, Panama City Beach, FL 32413
Price: $379,905
Bedrooms: 4
Bathrooms: 4
Square Feet: 2,499
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Category: Listings | 1 Comment »
July 13th, 2009 at 9:31 am
Noticed your listings. Having a bit of the same problem in Panama City, Panama. High end property on the Bay of Panama has taken a hit with fewer North American buyers.
Speculators who bought at “pre construction” are stuck with paying more that the property is currently worth. This is not so much a problem for the individual who intends to retire in and live in Panama as prices will surely come back in a year or so. The problem is for someone who has purchased three condos on speculation and expected to make money on each of the three by reselling after closing.