Update guys!
I haven’t written the offer yet. Been having architects etc run thru the house to make sure we will be able to take advantage of the views, and have a creative floorplan.
I am still on the fence, but I do believe I am going forward. My wife and I will grow old in this house, and it is tough to find unobstructable views 1 block from the ocean. If the house is worth less in a few years, I don’t care. I would rather have that, than buying a less desireable piece of dirt.
I believe if this lot went to market, it would fetch 1.4 mill. Tough area to comp with only 6 sales in the last 3 years. 3,000 ft house on a 7,000 ft lot.
I just feel lucky to have this conversation. Who knew I would ever be in position to be talking about this kind of property.
Thanks again everyone.