2 Beach Front Properties

[Adam Gratt]

I am getting a property under contract that has a 6 Bed/ 6 Bath house on it right on the beach. It is one of the last old houses on a big lot which has now been subdivided into two lots. It is an older house which will need to be torn down and two new house built. Comps in the area are 3.75M for a 6Bed /6Bath. So I would like to know is what would someone be willing to pay for these two properties?