Back a bit before Christmas, we tried to calm MBC readers who were thinking that the the ocean-view lot at 864 5th in the Hill Section might be selling for less than $2M. Such a deal?
In "No, That's Not a Lot Under $2M," we pointed out that the active listing price of $1.949M had already been exceeded in a first-round bidding war.
The price had settled around $2.6M, but that was pending an all-important "court confirmation" with a potential for overbids in court.
That court hearing happened Jan. 23, and overbidding happened there.
The closed sale has now posted: $2.900M. That's for a 5700 sq. ft. lot that gets some views from front and back (that photo's from the back deck of the current structure).
Next stop: New construction. And do you even want to……