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Wednesday, March 10, 2010

When is a Pool Worth $150,000?

There is rarely a time when a pool in your backyard is worth $150,000.  My answer is presented at the bottom of this article.

I was reviewing properties for sale in the Sunstone subdivision in Viera, Florida (Melbourne).  These homes are all larger homes in the 2,400-3,300 square foot range (most have 3 car garages as well).

Five are active listings with prices in the range $274,990 to $425,000.  All are four bedroom units and the square footage variation was not that great! 

A couple of these properties are listed under $280,000 and a couple are under contract for under this price as well (short sales). 

Two of the $400K+ listing have private pools while one (also in $400K range) has no private pool. Is one overpriced here? I don't know for sure....Just tossing out a question…

Maybe the larger, highest priced homes with pools are worth the extra money but then something I read a long time ago keeps bugging…
don’t buy the biggest, most expensive house in any neighborhood, regardless of price range.
Gary Waters, Florida licensed real estate agent, Bucci Realty, Rockledge, Florida, working exclusively with Century 21 Baytree Realty. Call me at 321-693-3850 or email me if we can assist you in buying or selling a pool home in Viera Florida.

Answer to title question: Never!

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