Thursday, March 09, 2006

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.

10 Comments:

Anonymous Business said...

This comment has been removed by a blog administrator.

Thursday, March 09, 2006 7:50:00 PM  
Anonymous Real Estate said...

Comment

Thursday, March 09, 2006 8:32:00 PM  
Anonymous Anonymous said...

These McMansions look more like ov er decorated hotels than they do houses.

Friday, March 10, 2006 10:58:00 AM  
Blogger njcoast said...

According to the Monmouth County Ass. of Realtors MLS:

23 Tradewinds Ln.
original list-$5,125,000
current list- $4,300,000

14 Tradewinds Ln.
original list- $3,750,000
current list- $3,599,000

1 Tradewinds Ln.
original list- $4,784,000
current list-$4,190,000

3 Tradewinds Ln.
original list-$4,784,000
current list- $4,190,000

5 Tradewinds Ln.
original list- $4,784,000
current list- $4,190,000

Friday, March 10, 2006 9:38:00 PM  
Anonymous Anonymous said...

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.

Saturday, March 11, 2006 10:03:00 AM  
Anonymous Anonymous said...

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 -

Saturday, March 11, 2006 10:08:00 AM  
Anonymous Anonymous said...

Here's another link

atlanticville.gmnews.com/ news/2003/0815/Bulletin_Board/017.html - 21k -

Saturday, March 11, 2006 10:12:00 AM  
Anonymous Anonymous said...

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.

Saturday, March 11, 2006 12:44:00 PM  
Anonymous Anonymous said...

"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...

Saturday, March 11, 2006 7:48:00 PM  
Anonymous Anonymous said...

At approximately $4 million a pop, you better have some major flood insurance for when the nor' easters come through.

Sunday, March 12, 2006 4:19:00 PM  

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