This beautiful home on Reef Mall in the Silver Strand area of Marina del Rey, an area of large, luxury homes bordering the Venice canal, was originally listed at $2.4m. The property boasts a spacious 2,980 square feet, plus a spacious yard with a built-in grill, and a rooftop patio. The home was in excellent condition, having been completely remodeled and updated in 2012, including a new air conditioning unit, new tankless water heaters, and more. After determining that the property was overpriced at $2.4m, our client was patient and firm on his offer price, and as a result was able to negotiate a significant price reduction to $2.225m, about $175,000 below the original list price. A detailed inspection process led to the ability to further negotiate another price reduction of $10,000, making the purchase price just $2.215m. At that price, it is one of the cheapest homes on the Silver Strand in Marina del Rey, and shows significant promise for further appreciation.
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