Last November I mentioned a home in Cobo Catalina Hills that was listed almost two years ago for $3,150,000 and after its most recent price cut was down to $1,750,000. I called it ‘a hell of a deal’. Since then it dropped another $100 thou, to $1,650,000, and went to contract last week.
And the sellers, they paid $3,200,000 in 2009.
This is a magnificent home, very special, gorgeous, unique, large (7,294 sf), Spanish Colonial, on 6 acres in Cobo Catalina Hills. But with all that and an upper end price, it’s a home with very few potential buyers. Even though you couldn’t buy the land and build half that house for $1,650,000.
But the sellers wanted to sell, and they did what they had to do to make it happen.
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to find your Catalina Foothills Home
