A dose of reality is being given to luxury home sellers in Crystal Cove. 39 South Sur is going on the auction block. The minimum bid is $4,950,000. Not too long ago, this former model home, was on the market for $7,475,000. I’m told a couple of offers have come in to purchase it before the auction. This is a turn-key purchase – all furniture included. Bring your toothbrush and, of course, a bottle of wine.
As I’ve noted in this space before, the Crystal Cove sellers are not bringing the asking prices down to a point where buyers are seeing the value. That’s why the inventory is not decreasing. I’ll stay tuned and see if this ends up south of $850 per square foot.
March 14 is the date set for the auction – check out the link to 39 South Sur in Crystal Cove real estate to see the home for sale – er, I mean, up for auction.
What do you think of Crystal Cove home values? What do you think is a fair per square foot price for Crystal Cove?
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