Reduced Yet Again: Unique Custom Built Island Home

SELL: This house was appraised in 2007 at $825,000. My asking price has been reduced to $525,000. On the north side of the house is an adjoining buildable lot . This lot was appraised in 2007 at $350,000. I am asking $220,000 for this lot if sold separately. If purchased with the house, I am asking $695,000 for both, a $50,000 discount. The lot is an excellent investment since there are so few buildable lots left on Tybee. This house is located on a quiet street five blocks from the beach and "downtown Tybee." Three blocks in the other direction is the Back River Beach, fishing pier, and kayak launching area. Fine restaurants are just a few blocks to both the east and west. The house features four porches, two decks, an alcove, and a large work/storage room. The entire exterior of the house was painted in May of 2008. Included among the many special features of the custom built house are white ash hardwood floors in all living areas, solid core doors, six remote controlled ceiling fans/lights, yellow pine siding installed on 2 by 6 framing with stainless steel nails, quartz counter tops, site built cabinets and shelving throughout, beadboard wall sections, two zone heating and air conditioning systems, and an elevator shaft.

NOTE: I have leased this house for the period from May 15, 2009 until May 14, 2010.  While I still want to sell it, I have agreed with the tenant not to show the house to a prospective buyer until the last three months of the lease period.  Any sale occurring before the end of the lease would have to be encumbered by the terms of the lease.  The vacant lot on the north side of the house could be sold independent of the lease.