Via Del Lago, Estate of the Day
The latest luxury real estate auction from Concierge Auctions puts a Palm Beach, Florida home on the market for a new low price. The home at 100 Via del Lago was originally listed for $10.75 million but when it goes up for bid on May 22 it will carry a pre-sale estimate of $3.85 million to $4.35 million. The auction has a reserve of $2.95 million.
The four-bedroom home is located on over half an acre in the estate section of Palm Beach and is a short walk from a private beach. The home has four bedrooms with more than 5,500 square feet of living space. The home also has a custom outdoor pool, patio and expansive terrace.
The home is owned by Nancy Mendel, a Palm Beach real estate agent. Mendel is a longtime real estate agent affiliated with Sotheby's' Palm Beach brokerage. She built and later renovated the house on Via Del Lago but lives in another home she owns in Palm Beach and leases the Via Del Lago property which has been on the market about three years.
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Reader Comments (Page 1 of 1)
DJ Apr 30th 2010 4:54PM
I think it says a lot about market conditions when a real estate agent can't even sell their own home. BTW, it's a nice enough homw, but $10.75M? That was ridiculous. The $2.5 - 3M rnage sounds more in line with reality.
jason May 1st 2010 1:17PM
$10.75M is completely insane, I couldn't agree more. It's not even waterfront property. This home is still listed at $4.75M and even that is (a little) optimistic - but it should fetch close to that. A comparable house, 115 Via Palma (smaller, but closer to the beach) is listed at $4.3M - and it should sell for at least $3.25M.
brad May 1st 2010 4:30PM
Okay I decided today not to write negative blogs, as its my day off and I should be happy. Plus people complain too much.
I WANT the house in front of it!!! Right on the beach! I've never understood like here in CA people live in Malibu and have an ocean view, if you have the money to spend then be right on the beach.
However its a nice house! I'd say its worth 3.5.
Karen Richards Aug 8th 2011 10:07AM
To me that looks like a very small house for the money. I wonder how the
listing agentwas able to comp that out?