New Member with a question

[Tom Smart]

I have inherited a property with 3 siblings. It must be sold. It is a riverfront home on 12 acres, built in 1975. It is a custom built, with a local architect. Five bedrooms, 3300 sq. ft. Here is the problem: The riverfront has a bulkhead that has been all but destroyed by flood, causing severe erosion. A new bulkhead will cost 100-150k. The home appraised at 1.2M. The agent suggests a listing price of 1.4M.

Here is the question: Should we fix the bulkhead or sell as is?