Beach property in California is typically hard to come by. Nevertheless, this home sat on the market for more than a year before it finally sold.
Luckily for the owners, the deal on this big, modern home closed before New Years.
Even after updates and improvements, the sellers still turned a tidy profit. They bought the house for just $840,000 back in 1993. And by selling before Jan.1, they were able to save roughly $200,000 in capital gains taxes and the Medicare surtax.
