Real Estate Flipping With Style
You’ve heard all the nonsense about how property speculators are getting nervous, and the people who bought thinking they could flip for a quick profit will be left holding the bag. Hah! Plant a few shrubs and that baby should go for at least $4 million more than you paid for it.
A month after Cher’s former Key Biscayne home sold for $8.8 million, it has gone back on the market — for $12.9 million. Haute Blog reported the home being sold in May to Philadelphia businessman Sean Wolfington and his wife, Ana. Wolfington says he’s relisting the six-bedroom property in an attempt to ‘’test’’ the area’s high-end real-estate market. ‘’There’s a shortage of available waterfront property here, so we wanted to see what we could get for it,’’ says Wolfington, adding that he has updated the property’s landscaping and added a system remotely controlling the home’s lighting, security and entertainment equipment. (Source: HauteBlog)