If you follow the link to the page, this home has a Sanibel Island address. If you then click on "view more details" button, it leads you to a realtor who is selling property on Fort Myers Beach. It looks like this realtor is just trying to get the phone to ring. There probably are properties on Fort Myers Beach or maybe Sanibel Island selling for that amount, but do your homework. Some realtors are not advertising properly just to get the phone to ring. Other "too good to be prices" might just be short sales without bank approved pricing, and some may be legitimate foreclosed sales.
If you are home searching the best thing you can do is find a licensed realtor who will do the footwork for you. They are trained to sort out the bogus advertisers for the real thing. You are welcome to visit my team at http://www.Hope4HomeBuyers.ORG.
We will also continue to answer any questions you may have regarding real estate or financing.
First Capital lending
239-277-9244 Ext. 212