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Rare opportunity in North Pinecrest to unlock millions in equity upon completion! Now being offered at an extraordinary as-is price for a buyer to take over and complete this nearly finished new construction estate by award-winning PACHECO Architecture. This is not an early-stage project — the home is substantially complete, with approximately $1.5M remaining to finish and an estimated 4 months to completion. A rare opportunity for an end-user seeking instant equity and the ability to customize final finishes, or an investor/developer looking to bring a trophy Pinecrest estate to market quickly. Based on recent comparable new construction sales in the area, the projected completed value is approximately $14.2M–$15.5M+. Spanning over 11,000 Tot SF on nearly 1 acre, this Cartagena-inspired residence is anything but another spec home box. Curved archways, airy courtyards, oversized windows, and massive terraces create a true architectural statement. Features include a double-height foyer, grand staircase, luxe primary suite with sunroom, spa bath, movie theater, elevator, butler’s kitchen, wine cellar, fitness room, sauna, guest suite cabana, outdoor kitchen, and a resort-style backyard with 70’ pool, waterfall and jacuzzi. An once-in-a-lifetime opportunity to secure one of Pinecrest’s most distinctive new estates significantly below its projected completed value.
Source: Beaches MLS, MLS#: A11884219