If you’ve dreamed of living in the prestigious Palm Coast area of Florida but can’t afford the typical $2 million price that these homes normally command, you’ll be thrilled to learn that the foreclosure market in this area is thriving, with many homes being offered for just a fraction of the full market value.
The foreclosed home located at 31 Island Estates Parkway in Palm Coast is an excellent example of the value you can receive by purchasing a Palm Coast foreclosure. This home has a total of 8,652 square feet with 7 bedrooms and 8 1/2 baths, yet it is priced at just $955,350. This home is larger than the most expensive non-foreclosure listings in Palm Coast, with a price of less than half of the $2,600,000 asking price for the 4 bedroom, 4 bath home located at 6 Hammock Beach Court, which has 4,546 square feet.
Here is another foreclosure listing you might find interesting. Just down the street from the non-foreclosure example above, priced at $2,600,000, you’ll find the bank foreclosed home at 18 Hammock Beach Parkway. This home has the same number of bedrooms and baths as the home at 6 Hammock Beach and is almost 100 square feet larger, yet the asking price for this home is just $603,200. That’s less than one-fourth of the price of the non-foreclosed home just up the street.
By shopping for foreclosed homes in the highly desirable Palm Coast, Florida, you can secure the home of your dreams now at a steep discount. Don’t wait for some investor come along and buy these homes to sell at a profit once the recession is over. You can be the one reaping the benefits of the low prices available on these beautiful Palm Coast foreclosures.