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Bank Owned Indian Pass Lagoon Front Lot Slashed to $50,000

Published on July 19, 2008 by Sherri Dodsworth under Cape San Blas, Foreclosures/Short Sales, Forgotten Coast, Indian Pass, Port St. Joe, Real Estate

Yes – you read that right. This just showed up on the MLS hot sheet minutes ago. Bank of America, which owns this lagoon front lot at Indian Pass, slashed the price today from $99,500 to only $50,000. This property last sold in December 2004 for $259,000 and the Gulf County Clerk of the Court transferred the Certificate of Title Deed over to Bank of America in August 2007.

Measuring 75′ x 370′, or roughly 0.64 acres, it’s located 1 1/2 miles east of the Indian Pass Raw Bar, not to mention only minutes away from several boat launches, the white sandy beaches of Cape San Blas, and restaurants and shopping in Apalachicola and Port St. Joe. Need I mention the world’s finest oysters are pulled from this very lagoon?

Someone’s going to steal this waterfront homesite for a great price. Why not you? Give me a call today at 850-227-5197 or shoot me an email to [email protected] but don’t wait too long – this one won’t be on the market much longer at this price.

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