lot 8 applehead island

This centrally located Cove lot possesses some of the Island's Best Street Appeal, facing uniquely down the Boulevard in a welcoming fashion; has over a mile-deep view of Open Water from its lakefront; is shaded by nine 100+ year old trees; has HSB's most valuable home ($8,000,000) on its west line; is a mere half block from the Island's fabulous Recreation Center's entry; is nearer still to the Island's mail drop; contains no Fill and its 16,117 SF is much larger than average. Nevertheless, it is "Priced To Sell" for well below market. MAIN WEAKNESS: the width of its lakefront. However only 20' is needed to accommodate a 10' wide Boat House, Wave Runner Dockage plus for two & Fishing Pier. HSB's Architectural Committee has approved our proposed plan. REGUARDING PRICING, only two lots have sold on the Island in past 10 years for less than $400,000 per MLS, selling on average for $363,000. Both are shallow and quite small (for the Island), averaging 9,660 SF, whereas Lot 8 is 59.94\\% larger. MOREOVER, only 22 lots remain on HSB's overall Practically Built Out Lakefront that can meet three basic parameters: contain 10,500+ SF on Cove or Open Water with at least 20' of Lakefront. 14 of the 22 are on Applehead Island. We own 6 of the 14, with Lot 8 priced lowest of the 22. IN SHORT, although Lot 8 is superior by any measure to the two that sold for $363,000, but lakefront footage, we'll sell for $324,900 -- a Record Low for the Island. WHY? Because we started way too low, knowing no better!!!