Own a piece of history in Half Moon Bay!

Posted by admin on May 19, 2011 in Property in Bay Area | 14 comments

Noticed from the price history of the following property that it was sold in foreclosure recently for $425,000 and appears to have been put right back on the market for $4,900,000. Anyway, thought some of your readers might be interested in it as it has been listed as high as 35 million in the past few years. It was originally owned by the DuPont family and had a airstrip for air races to entertain their guests – you can still see what’s left of the airstrip on northern edge of property.

Wow, that’s a lot of history. Just think, if you buy this right now, you’re picking up $30M in instant equity! And… your own airstrip for those times when you need to get away!

Alternatively, you could rent out parts of it – that’d be pretty cool too.

Either way, this deal is hard to beat. Now… if only stated income loans were still available!