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Photo
Property TypeSingle Family
LocationPinecrest, Florida
TitleDefaulted Single Family Luxury Home Development Located 30 Minutes to Miami in Pinecrest Fl
Summary

Luxury Single Family Home Development in Pinecrest FL
Proposed 5 Bedrooms and 6 Bathrooms with total of 5500 SF on 30056 SF Lot
Located 30 Minutes from Miami

Details

This newly proposed single-family home development is situated on a prime corner lot and set for modern elegance with its contemporary design and high-end features. Will boast an open-concept layout, the residence will include 5 bedrooms and 5 bathrooms, and a spacious three-car garage, and outdoor parking. Interior SF is set to be 5,500 SF and overall living is 6,378 SF. The highlight is a massive infinity-edge resort-style swimming pool, and property is perfect for those summer relaxation and entertaining days. Current Shell with Pad

Note Details

Original Loan Amount $1,250,000
Original Interest Rate 10.5%
Default Rate 23.99%
Loan Matured 2/1/2024
ARV Value $4,027,000 to $5,000,000

Current Unpaid Balance$1,482,910.00
Date UpdatedDecember 9, 2024