Man buys $590,000 Cape Cod home that will fall into the ocean
David Moot always dreamed of living by the sea.
So much so, he has spent almost $590,000 for the opportunity to do so affordably, in the face of strong risk.
That danger is from the encroaching ocean. Moot knows there is a chance his house could one day be engulfed by the waves that lap ever closer to his front door, in the Cape Cod region of Massachusetts.
He bought the $US395,000 ($AU589,000) house in January last year. It sits on a ridgeline, which falls sharply away to the foreshore below. One day, the house at at 157 Brownell Road, in the town of Eastham, will topple into the sea.
Each year, the shoreline shrinks by three feet (about 0.9 metres) and the water eats away at the tall sand bluff, Bloomberg reports. The edge creeps nearer to Moot’s deck.
Moot told Bloomberg that, at 59, he wished to fulfil his ambition of living next to the ocean, despite knowing the fate of his home.
“Life’s too short, and I just said to myself, ‘Let’s just see what happens,” he told the media outlet. “It’s going to eventually fall into the ocean, and it may or may not be in my lifetime.”
The three-bedroom house, within the Cape Cod National Seashore park, has broad ocean views from almost every room.
However, the invading water has eroded the home’s value as much as it has the cliff.
The vendor initially wanted $US1,195,000 ($AU1.7 million), launching a campaign in 2022, but sold it to Moot about 12 months later at an almost 70 per cent discount.
The best water-view houses and apartments for sale in Australia
The top-floor apartment overlooking Newcastle Harbour and the marina has price hopes of $2 million.
The lawn rolls down to the water’s edge in this desirable Port Stephens’ neighbourhood.
This superbly-positioned house has crisp interiors that pop against the vast blue before it.
We thought you might like
States
Capital Cities
Capital Cities - Rentals
Popular Areas
Allhomes
More
