There's more data coming in on Sand Section lot values.
South of the pier, two neighboring lots were offered for a time together – one big $10 million plot of 5400 sqft. total.
It didn't work, so the lots wound up being sold separately.
The newest closing is at 229 4th St.
Asking $5.000M for a while, it's now a done deal at $4.800M.
It was just back in mid-August that the neighbor sold.
235 4th closed for $3.850M.
Both sales say a lot about dirt values... One at $1,425/PSF for the land alone, and one at $1,777/PSF for dirt.
Way back in May this year, while both lots were on the public market seeking buyers, MBC posed the question:
Is it worth $1M more to be one door west off of Highland?
And the answer turns out to be, basically, yes. Or at……