Status: Active featured ID: 5060 Turn $300K into 1 million: Ten lots in NE FL for trade for Your???

Max. Swap Value: $700,000
Swap For Location(s):
Any State, California, Colorado, Florida, Georgia, Georgia, North Carolina, Oregon > Bend, Portland, Hood River, St Augustine

Will swap for:

Business
Everything Else
Land
Multifamily or Commercial
Residential
Transportation
Yacht

We can trade-up, but only if you would take our other properties up to the value of yours (see my profile).

Beach or waterfront property, house, multi unit, commercial, or vacation property in NE Florida, a luxury ca or SUV, Airstream RV, VW Rialta, Mercedes, Sprinter or similar small motorhome. Will consider combinations.

We have other similar lots for trade.

Swap Type:

I can add other assets
I own free and clear
I will offer owner financing
swap even
upsizing

Trade Description: Take your pick or swap for all: 7 interior 1.25 acre lots of which 4 are on paved road,
plus 2 canal front 1.5-1.7 acre each,
plus a commercial piece on a county road next to this subdivision.
All lots are in the same area of Flagler Estates, all have maintained road access, power. Lots are zoned open rural, which allows any kind of residential housing or a small home based business, gardens, horses,
Click on the images to view photo tour of each property.

The business opportunity:
Sell these lots with owner financing and earn substantial interest, up to 15% APY. I sold over 50 of these lots over the boom years, up to $40K per interior lot and $80K per creek front. They are still selling with seller financing, but slow, I only sold 3 in the past year.
Example: If you sell them even at current deflated prices (50% off) with owner financing terms for 30 years at 10% interest and get about $30,000 in total down payments, the monthly payments will total $2,370 for 360 months (a total of $883,000)
If at 12% interest, then monthly payments total $1,030,000
Banks do not finance land easily, so seller financing is about the only option for many. Some people started buying these lots just to grow fruits and vegetables and the location could not be better: 20-25 min. to Crescent Beach, St Augustine, Palm Coast, 40-50 min. to Jacksonville. This might be one of the least expensive per acre prices on either US coasts within 20 miles from the beach. There are more than 2,000 residents in this subdivision.
These are my best remaining lots, most have environmental studies done with pre-approval for building. I intended to keep them for retirement if not sold or traded. This package deal is considerably reduced in price: during '05-'06 the 7 interior lots would have sold for $40,000 apiece, and canal ones up to $80,000 apiece, so the portfolio would be worth around $500K