Foreign Property News | Posted by Hnin Ei Khin
A newly listed Florida home is giving new meaning to the term “hot property” after it was put on the market for $259,000—despite the fact that it is still smoldering from fire damage that is believed to have been caused by the recent hurricanes in the state.
Located in St. Petersburg, the property’s asking price is well below the median for a home in the area, which is $465,000, according to Realtor.com® data.
However, that might not come as a surprise given the current state of the home.
Due to its dire state, potential buyers will not be allowed to enter the home because of safety concerns, according to the listing.
The property last came on the market in 2020, when it was sold for $325,000, albeit without the untold damage that it has since suffered amid the devastation caused by Hurricanes Helene and Milton.
The storm-damaged property is being sold at “lot value,” the listing notes, “ideal for complete renovation or a new construction project.” It’s being sold as is.
(A still-smoldering St. Petersburg, FL, home is on the market amid Hurricane Milton chaos. Realtor.com)
(A photo snapped before the storm shows the intact pool.Realtor.com)
Not surprisingly, the still-smoking listing got some red-hot attention on social media.
“It sold in 2020 for $325,000. I would expect more than a $65K discount,” a Reddit user noted.
But with another hurricane on the way, some saw gallows humor in the owner’s attempt to sell the home.
One quipped, “Fire sale.” Another added, “No worries. Hurricane Milton will put out the fire.”
Another wrote, “Seriously, though, I hope no one was injured and that the owner’s losses will be covered by insurance.”
(Hurricane Helene caused up to $48 million in property damage—most of which is uninsured, a Realtor.com report found. Joe Raedle/Getty Images)
Ref: Florida Home That Is Still Smoldering Hits the Market for $260K as Hurricane Milton Batters the State (realtor)
Photo Credit- Joe Raedle/ Getty Images, Realtor
