Berkshire Hathaway Class A stock closed at $202,850 Thursday, prompting me to wonder what a single share might buy in Palm Coast. You might be surprised.
Palm Coast, FL – August 16, 2014 – Legendary; a word aptly used to describe both Warren Buffett and his company. Always deemed expensive, Berkshire Hathaway stock first passed the $1,000 per share price in 1983. Its Class A stock topped $200,000 per share Thursday. It peaked that day at $203,081, closing at $202,850.
I wondered what you could buy in metro Palm Coast (which includes all of Flagler County) with the proceeds of the sale of a single share. You might be surprised. Here’s an impressive list of choices.
- You could buy one of 399 single-family homes listed for sale through MLS for $202,850 or less (one share). The average list price of this group is $153,885 which, if you bought at the average, would leave you with $48,965 in change. That’s enough left over to pay for 309 red light camera citations (if paid on time). And you’d still have $143 in your pocket; enough for a month’s worth of Starbucks coffee.
- You might select one of 42 homes listed within our target price range with in-ground swimming pools. The average listing price of these pool homes is $166,068, leaving $36,782 in change, enough for only 232 red light camera violations and about three weeks of Starbucks coffee.
- Or, you could buy the five least expensive lots in The Conservatory for a total of $171,500 (at list price – and who pays list price anymore?). By the way, you would be buying these lots for $1,814,000 (not a typo) less than the total paid for the five in 2005. And you would still have $31,350 left over (for whatever).
- Are you a boater? Pick up any one of 61 home sites perched on a salt water canal.
- Or buy one of 15 lots with frontage on the Intracoastal Waterway. Three of these lots are within resurgent Yacht Harbor Village.
- You would have enough money to buy one of three Oceanshore Blvd S (A1A) home sites overlooking the Atlantic Ocean in famously funky Flagler Beach.
- Or would you rather have one of the 11 listed home sites overlooking one of the area’s golf courses. A 12th lot was listed as fronting Matanzas Golf Course. That must be a really old listing.
- Do you want to live in one of the area’s most prestigious communities? You could buy the salt water canal home site at 189 Island Estates Pkwy, listed for $199,000.
- If you prefer condo living, why not purchase one of the 69 units priced below $202,850. The available list includes three in Canopy Walk, nine in Hammock Beach and nine in Tidelands.