The Heatleys
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Blog by the Heatleys

Jul
02
2012

Older High Pines Home Under Contract

Our $539,500 listing at 5270 Sunset Drive in Miami’s High Pines neighborhood which went under contract last week was inspected last Saturday for the buyer by Chris Reardon of  Allied Business Inspection Services, Inc. The results will be ready today or tomorrow, but I believe this 3 bedroom, 2 bath home built in 1948  “passed”. As of today there are only 7 other homes for sale in the High Pines neighborhood, and all but one, which was built in 1963, were built in the 1950s and 1940s. High Pines was a popular location for “spec” builders before the recession hit, but those new homes have all been sold. The last one at 7650 SW 52 Ave (School House Road) closed for $1,950,000 on May 24, 2012. Since the market is improving in Miami and in High Pines, we should see the return of “spec” homes in the future,

What is your opinion?