What's Hot in MB Real Estate (8/7/14)
Aug 07, 2014 02:34PM ● Published by DigMB Staff
Still, this year, new heights are being hit along The Strand.
A nice corner lot at 1700 The Strand (left photo) has sold for $16.0M, far and away the biggest price paid for a simple plot of dirt anywhere in MB. (The off-market sale closed in mid-July.)
Let's say that again: Sixteen million American dollars.
Now we see the highest-ever public asking price for dirt: 104 The Strand is on the MLS asking $13.9M.
What's more remarkable is that 104 The Strand (right photo) was just purchased for $9.5M in February this year.
The highest prices paid in recent years for Strand properties were each near $11M, one for a newer home (3300 The Strand at $10.995M in Feb. 2013) and one for an architecturally significant 1980s modern (1600 The Strand at $10.9M in April 2011).
So now we see people asking – and paying – more just for land.
For more see these posts from MB Confidential: "Last South End Strand Lot to Resell?" and "Strand Happenings" (from 2013).