Highland Shocker

By Dave Fratello | June 17th, 2013

There's something about being west of Highland.

Even if you're on Highland, apparently.

We say so because the newest closed sale to cause foreheads around MB to be slapped is going to be 232 30th Place (3br/3ba, 1375 sq. ft., on a half lot).

They didn't pitch this little former duplex as a dream house back in early May when they put it on the market. No, it was the "[b]est value in the sand section."

Maybe at $1.250M, the start price.

But then came the bum rush. Multiple offers again. "Must have" echoing among the masses gathered to spend, spend, spend.

Closed sale price: $1.361M, or +$111K (+9%) over asking.

Of course the buyer paid all cash. Doesn't everyone?

As we noted in our review around Mothers' Day:

[It] feels like a ... duplex with its separate-entry bedroom downstairs (with fridge and wet bar) and the exterior stairway up to the "main" entry upstairs.

It's got the notable liability of being along Highland (true story: the former address was 3009 Highland), but a nice perk of ocean views over the smaller house to the west.

The space is compact, as you might expect, and the updates plain and middle-of-the-road.

The past few sales on this one:

  • July 2003: $789K
  • July 2005: $1.225M
  • March 2008: $1.271M
  • June 2013: $1.361M

More evidence that 2013 is peaking above the last cycle from place to place... even on Highland.

Well, west of Highland.

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