Derelict Florida house lists for $650,000. It's already under contract.

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Real estate developers appear to smell financial opportunity in a badly dilapidated Florida home that comes fully ventilated via sizable holes in its ceiling.

The single-family house in Miami Shores Village is listed for $650,000. It has drawn multiple offers and is currently under contract, according to Robin Bird Realty, which has the listing. The home's owner recently passed away, leaving the residence abandoned for at least a year, listing agent Tamika Moses told CBS MoneyWatch.

"Due to where it is located, I'm not surprised [it received offers]. It's a beautiful neighborhood, it's highly desirable, has great schools and in is a great location, so I wasn't so shocked," Moses said of buyers' interest in the property.Zillow

 

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