Vacation Foreclosures: 5 Red Hot Deals Just in Time for Summer
June 11, 2007
With sunny summer just around the corner and the foreclosure market showing no signs of taking a vacation, homebuyers have dual reasons to celebrate. The prices of homes in popular holiday destinations are the best they’ve been in years, thanks to a burgeoning inventory of foreclosure listings. And at these prices you can buy a new home and save enough money in the process to finance a family furlough.
Here are five of the most attractive listings currently on the market, representing prime locations from coast to coast.
Top 5 Featured Vacation Foreclosure Listings for Summer 2007
714 Madison Street NW, Washington, DC: List Price $399,900
- While many don’t think of the nation’s capital – our #1 pick – as a summer hotspot, it is, in fact, one of the most popular tourist vacation destinations in the world.
- Just an hour from the Blue Ridge Mountains and 35 miles from Chesapeake Bay, the city boasts awesome historic architecture, an abundance of museums and cultural sites, and a vibrant nightlife brimming with world class entertainment and extraordinary dining.
- The 3-bedroom, 1–1/2 bath home offers more than 1800 square feet. According to one source, this home’s estimated retail value is more than $540,000. At that valuation you could automatically inherit over $100,000 of equity.
7304 Woodshawn Drive, San Diego, CA: List Price $414,900
- With 3 bedrooms and two baths and more than 1300 square feet, this spacious home has enough room for a comfortable permanent residence, or you can reserve it as your vacation getaway and have plenty of space to invite and entertain friends.
- Mature tropical palms in the yard confirm the unique southern California location, but the price is about $100,000 less than prices for comparable homes in San Diego.
- San Diego is ideally situated for vacationers. The city rests on the shores of the Pacific Ocean, 20 miles north of Mexico at the threshold of the Baja Peninsula.
262 Fox Lake Avenue, Las Vegas, NV: List Price: $432,900
- Las Vegas used to have a reputation as Sin City, and for those who prefer wild nights, Vegas never sleeps. But after undergoing a complete makeover, it now shines as one of America’s top family vacation / entertainment destinations.
- This chunk of real estate is large by any measure, with 4 bedrooms and 2–1/2 baths and a living area of more than 2500 square feet. Add to that a generous sized lot and an attached two-car garage..
- Although it has gone through foreclosure, this stunning home is a great example of how today’s foreclosures often shatter the “distressed property” stereotype. It was built brand new approximately 5 years ago, and retains its youthful glow and beauty.
173 NE 90th Street, Miami Shores, FL: List Price: $439,900
- This 3-bedroom home has 2 full baths and is conveniently situated in one of Miami’s oldest suburbs, surrounded by unlimited vacation and recreational opportunities.
- A Spanish-influenced tile roof conveys traditional Florida charm, and the pristine white exterior reflects the sunny disposition you’ll have while relaxing in Miami.
- Miami Shores is nicknamed “The Village Beautiful”, and the city of Miami was recently named “The Best City in the World”. For a permanent home in a place that epitomizes the concept of vacation, look no further than this sparkling residence.
16019 N 49th Place Scottsdale, AZ List Price: $459,900