Henry Wolfond forever had an affinity for Florida, a place he visited frequently in his youth.
As a product, Wolfond has gone cross-border shopping in a big way. Excluding even by Florida deal-making standards, the subterranean money off price on the beach front possessions he closed on in September was astounding.
The drone reach a passion pitch among real estate circles in Dayton Beach after some “Canadian guy” had it seems that purchased 3.82 acres of prime land in Daytona Beach that had sold for $23 million in 2006.
The cost? Only $2.5 million, (US) representing an amazing 89-per-cent discount. The original buyer had taken a $20.5-million haircut, symbolizing the depths to which the U.S. real estate market had plummet.
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