There’s a new listing in the South Shore Club to report to you today. Listed at $699k, it’s $700k cheaper than the next cheapest lot in the development, and $300k cheaper than a lot 120′ away that is under contract. Listen to me on this. Call me, buy this lot for $600k, build a home for $900k. Be all in for $1.5MM. The two homes on this street that are for sale are listed at $2.975MM amd $3.199MM. Sell yours for $2.65MM and undercut those other guys. Net out with a MILLION dollar profit on your $1.5MM investment. Between the time you close on the vacant lot and the time that the house is built and sells, you and your family have access to all of the South Shore Club amenities including pools, $110k boats at your disposal, tennis courts, club house and more. Maybe you build the house and love it so much that you won’t want to sell it. Oh, and these aren’t your typical vacation homes either. These are stone and slate masterpieces with high end finishes. Nothing wrong with creating an oasis for your family that future generations can love as well.
Or you could just put that $1.5MM in the stock market and have it be worth $750k a few months later. What a great idea! Money in the market that you can’t enjoy. It doesn’t float on the lake, you can’t swim in it. And it goes down in value. You’re right. Put your money in the market and stare at it every day to see what it’s doing. Don’t spend the money up here in a stable market and make a million bucks. Don’t put your money somewhere that you and your family can enjoy it and still make a huge return on the investment. That’d be a terrible idea.