Insane deal on a waterfront Greek Revival Estate

[Ben Toth]

I'm selling an exquisite 9,300 square foot Greek Revival Estate that sits facing the York Tidal River in York, Maine (a 1.5 minute boat ride to the ocean). The owner had a stroke and needs to move extremely quickly to a new home near the stroke facility, so she asked me to sell the property at 700K below the recent appraisal (ie: selling at $2.3MM, though the house was appraised for a bit over $3MM).

Property has been an elegant family retreat but thanks to the easygoing/mixed zoning, it can easily become a high-end B&B, small boutique hotel, or exclusive venue for any number of personal and corporate functions. Zoning might also permit a luxury rehab facility or assisted living. 

Home Boasts:

• Enormous rooms
• 6 Bedrooms
• 5 full bathrooms and 2 half baths
• 2000 ft. walking trail through the woods to the water
• Large great room (40' by 35') perfect for entertaining
• 40’ veranda off the Great Room
• 3 car two-story detached garage
• Separate work studio
• 5.3 Acres of secluded private property right on the water!
• 600’ Feet of Beautiful River Frontage
• Grandfathered Boathouse with boat access from the York River to the ocean
• Private jetport 10 minutes from estate
• 1 hour from Boston
• 30 minutes from Phillips Exeter Academy
• New roof
• New electric
• New Septic system 

Even if one purchased, did a slight cosmetic rehab (the only upgrades needed are cosmetic), and re-sold, I think there could be an incredible profit. 

Finally, here's a drop-box link (http://bit.ly/2trpsGy) with the Executive Summary that was created by the owner; it provides lots of useful info regarding comparable sales (ie: how this sale extraordinarily favors the buyer) and also detailed thoughts about the INCREDIBLE INCOME-GENERATING POTENTIAL.