Financial News
Luxury Waterfront Home in Porto Sol Community Now Available Through Innovative "Name Your Price" Approach
June 07, 2025 at 20:13 PM EDT
Recently appraised at $815,000 in March 2025, this 3,788-square-foot luxury residence features six bedrooms, five bathrooms, and a three-car garage. What sets this offering apart is the seller's willingness to consider all reasonable offers without a fixed list price, effectively letting qualified buyers determine what they believe the property is worth.
"This approach challenges the traditional real estate transaction model," says the listing agent, John Demitri. "We're confident in the home's value but recognize today's buyers face unique financial considerations. By opening the floor to offers, we're creating a more collaborative process that benefits motivated buyers."
The seller has added an exceptional incentive: buyers who offer the full appraised value will receive mortgage rate buy-down assistance, potentially securing interest rates in the 3% range - significantly below current market rates that have dampened buyer enthusiasm nationwide.
"We're essentially saying: recognize the true value of this exceptional property, and we'll help make the financing work in today's challenging interest rate environment," Demitri explains. "It's a win-win proposition for buyers seeking long-term value."
The waterfront property stands out not only for its size but also for its versatile layout and premium location within Porto Sol, one of Royal Palm Beach's most desirable communities. The residence combines spacious living areas with high-end finishes and water views.
Interested parties must submit offers with proof of funds or mortgage pre-approval. The seller will review proposals based on both price and terms, with no guarantee that any specific offer will be accepted. This approach provides flexibility while ensuring serious inquiries from qualified buyers.
This innovative sales method comes at a time when South Florida's real estate market continues to experience significant demand despite higher interest rates. By removing price anchoring from the equation, the seller aims to find the true market value while providing buyers an opportunity to secure an exceptional property on terms that work for their financial situation.
For more property information go to https://home.thedemitriteam.com/2884-bellarosa-cir
or to schedule a viewing, interested parties should contact the listing agent to coordinate.
Contact:
John Demitri - The Demitri Team at KW Reserve
Email: Demitri@TheDemitriTeam.com
Phone: (561) 254-4673
Photos: (Click photo to enlarge)
Source: The Demitri Team
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