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Land Value In Pinecrest … Vacant land selling between $17-$21 a square foot

November 12, 2009

P R O P E R T Y   S E A R C H

R E S T I V O – H E C H T M A N    T E A M


Vacant land is selling … listed  between $17 and $21  dollars a square foot in Pinecrest.    Acre  lots can be had for under $750,000. .. and  15,000 square foot lots can occasionally be found for as little as $350,000 … although most tend to be listed for, and sell above that.

Perceived value drives price.   While quiet streets  appeal to a number of home buyers …  highly trafficked areas and  intersections can (and do) appeal to others.

Adjacent to Pinecrest Park on the corner of SW 82 and SW 124th is a vacant lot,  listed for sale by Victor Mills and Marie Montgomery.  It has already been cleared and is ready to build.   It’s priced at just under $14 a square foot ($650,000 for 43,560 square feet).

After a hiatus on building,  Pinecrest is now seeing and increase in new construction.  Much of what is being built is luxury building… the single family, high-end homes, on a  rather mega-scale.  With vacant land opportunities such that they are now, more builders and individual home owners are looking at the available land for sale in Pinecrest.

Please give me a call if I can help with any of your real estate needs.

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