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After languishing on the market for several years at an asking price of more than $7 million, this prime beach property fell into foreclosure last year. Now it's listed by the bank for $5.9 million.
Listing broker David Finburgh admits that the place is just in "fair condition," but there's plenty of great potential for this 11,000-square-foot home with amazing views. One highlight: the 3,700-square-foot master suite, with his and her bathrooms. There are also 4 other bedrooms and optional additional bedrooms. Outside, there is a pool and spa.
The home, which was built in 1991, sits on 3/4 of an acre on top of one of the highest points in La Jolla, a neighborhood where foreclosures like this are a rarity, assured Finburgh.
For more information: La Jolla Estate Homes
These foreclosed homes may be in some of America's hardest hit neighborhoods, but the deals may be too good to pass up.
