We made a profit.
We just sold our 2 bedroom courtyard villa, which was new when we bought it in 2012. We very carefully improved it. (meaning we did NOT over-improve it) We made $50K profit, and used it to buy a 3 year old house in Sanibel that had what the villa did not, a 3rd bedroom, an inside laundry, and a 2-car garage. And oh yeah, a straight driveway! We believe that our new house, which was reasonably priced, will also be sold at a profit should we choose to sell.
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