Luxury Costa Brava estate foreclosed for €1.4m, down 87pc

LoadingFavourite

This topic contains 5 replies, has 4 voices, and was last updated by Profile photo of The Australian The Australian 3 years, 5 months ago.

  • Author
    Posts
  • #57476
    Profile photo of Anonymous
    Anonymous
    Participant

    I hear that this prime estate in the classy Empordà region of Catalonia, not far from the best beaches of Palamos, Calella, Llafranc, etc. has just been foreclosed and sold at auction for €1.4m, down from a purchase price of €11m in 2008. That’s a discount of 87pc for a really prime estate. 😯

    Someone bagged a real bargain

  • #116865
    Profile photo of katy
    katy
    Spectator

    Trying it on…looks like a 1960/70 design. Even the tiles look rubbish.

  • #116867
    Profile photo of katy
    katy
    Spectator

    I was thinking about the original asking price…11 million, no way 😀

  • #116868
    Profile photo of Chopera
    Chopera
    Participant

    Marketed here for €1.5m:

    http://www.costabravahouse.com/ES-casaenventaenvall.llobrega-1440.html

    and here for €2m:

    http://www.lucasfox.com/property-for-sale/Spain/costa-brava/sagaro-platja-daro/House-Villa/LFCB644.html

    Looks like a nice really house (1959 design apparently). Lots of maintenance I suspect (12 hectares, older construction, etc)

  • #116872
    Profile photo of katy
    katy
    Spectator

    Would need a lot of money to bring it up to scratch…townhouse sized kitchen, mediocre pool and surrounds. Old-fashioned brick and rock walls. Sounds a nice plot 😀 Potential if you have another 500,000 or more to spend on refurbishment…and afford a full-time gardener.

  • #117382
    Profile photo of The Australian
    The Australian
    Participant

    if you find something newish…I could do a group buying

You must be logged in to reply to this topic.