McMansion Flipping in Sea Bright
A reader pointed out that there are now 6 super-luxury Kara Homes for sale in Sea Bright. These brand new houses were built on the site of the old Tradewinds Beach Club. (You can see the ad at the Kara Homes Website Here.)
There will eventually be only 20 homes here, so its pretty interesting to see so many houses already up for sale. I don't even think all 20 homes have been built yet.
There will eventually be only 20 homes here, so its pretty interesting to see so many houses already up for sale. I don't even think all 20 homes have been built yet.
posted by Little_Silvered at 6:19 PM
8 Comments:
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These McMansions look more like ov er decorated hotels than they do houses.
This is terrific. I'm very familiar with this project and Kara's actions on it have been hilarious. At various times their ads have carried claims like "only 3 left," but they always seem to be on the market.
Here's a link that should tell you something about what Kara is doing.
atlanticville.gmnews.com/ News/2003/0711/Front_Page/023.html - 12k -
Here's another link
atlanticville.gmnews.com/ news/2003/0815/Bulletin_Board/017.html - 21k -
There ad, at one point said 95% sold so I called them up to see how many units were left for sale. At the time, they said 5 units were available and I had to point out that 15 units out of 20 is not really that close to 95% sold out. Kara is not that good with math.
"only 35 min. ferry ride to NYC"
That's a good one. They'd have to be at the end of the Earle pier or out by the Coast Guard station on Sandy Hook for that to be true...
At approximately $4 million a pop, you better have some major flood insurance for when the nor' easters come through.
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