What happens when a million-dollar home is built on the wrong lot

by 17 Oct 2014
Financing the construction of a home is a no-brainer – but what happens when an almost million-dollar home with an ocean view ends up on the wrong lot?

A home builder is trying to figure out what to do after constructing a million-dollar, ocean-view home in Florida on the wrong lot.

A Missouri couple purchased the lot in 2012 and hired Keystone Homes to build a three-story, 5,000-square-foot vacation rental for $680,000, according to the Daytona Beach New Journal. Keystone vice president Robbie Richmond said the company is trying to negotiate a settlement. 

The mistake occurred after two state-certified surveyors on the job separately marked the wrong property, said Carl Laundrie, spokesman for Flagler County on the Atlantic Coast north of Daytona Beach, conceding that there were few landmarks in the new Hammock Dunes subdivision that could have helped someone catch the error.

“There is no giant oak tree on one corner of the lot so you would say, ‘Okay, this must be the lot,’” Laundrie told Reuters. “This particular piece of land is basically in a field back behind the dune.”

The house, which was completed in March, includes five bedrooms, five-and-a-half bathrooms, a theater, game room and swimming pool.

Flagler County Property Appraiser Jay Gardner said the mistake was discovered in September by a third surveyor working in the neighborhood.

The builder, Robbie Richmond of Keystone Homes, who the real estate website described as one of the area's most respected builders, did not return a call from Reuters for comment.