Here's some good news for mansion buyers who just hate paying full price. The place we've been following ever since it reduced it's price to $2.2M has now come down once more to $1,389,000. Which is significant in and of itself, however, that number is 67% below the construction cost of $4,200,000. Whoever snatches this up is getting something that you almost never get with a listing as over-the-top as this: an investment.
· Listing: 5247 Ragged Point Road [ExitRealty]
· Mansions! Get Your Mansions! Step Right Up For A Half-Price Manse [CDC]