- Jan 2018 asking price: $1,939,000
- March 2019: $399,000
- Duration: 430 (my calculation) to 611 days (Zillow reporting – that’s almost 2 years and NO SALE)
- Price drop: $1.5 million
- + Additional loses of: $35,000 to per year for high club dues, HOA, tax and value of money
FACTS: in 2018 homes only 6 homes sold (Zillow) and for an average of $186 sf after 44 months wait. Consider that lots and homeowners pay $8,000 dues and an additional property tax + 5% value of money + 6% cost to sell the property.