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A Mansion Priced Much Lower Than Its Construction Cost

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]