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

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers Luxury Costa Brava estate foreclosed for €1.4m, down 87pc

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    • #57476
      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
      katy
      Blocked

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

    • #116867
      katy
      Blocked

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

    • #116868
      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
      katy
      Blocked

      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
      The Australian
      Participant

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

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