Wednesday, September 5, 2007

I do like to be beside the seaside

Americans just can't think straight when it comes to real estate. However, all sanity goes out the window when considering any real estate that might be located near water. It doesn't matter if it is a muddy inlet or a polluted outlet, property prices shoot up when situated near anything holding liquid. Take the C&O canal in Washington DC. There isn't a nastier drain in the country. Go down to the canal at midnight, and the walkways are infested with rats. Yet, people go dizzy at the prospect of owning a house by the canal.

So it is with this property. It is on the market for $24,ooo,ooo. And just how much beachfront will you get for that kind of cash? Just 102 feet or $233,531.19 per foot. The land itself is just one acre.

The property has its own website. View it at your leisure. You will probably need more time to read the site than you will need to walk from one end of this property's beachfront to the other.

Robert sent this one in. Many thanks to one of our most prolific contributors. Is there any similar properties out there?

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