432 S Bay Shore Blvd., Gilbert, AZ 85233

This is a SHORT SALE and requires Bank APPROVAL & short sale addendum from zip forms! Seller paid $640,000 on May 2006---Priced $100,000 under what is owed! Bring all offers.Go's to auction FEB 2008. Use your imagination. Needs lots of work, but if you put in $50,000 in improvements, the house will be worth so much more. Keep in mind that this is a custom home in the Islands. The lot had to be bought separately (cost of WATERFRONT LOTS in the custom area ranged from $150,000 to $350,000) A custom builder was then hired to build a NON-COOKIE CUTTER home.If you remodel and restore this home, you will have one of the nicest custom waterfront homes at a huge discount!