Man Buys Property Without Realizing Lot Is Underwater

In March 2023, a San Lorenzo pastor purchased a lot sight unseen in the San Francisco bay area for $300,000. The only problem? The property is underwater. The pastor is now looking to sell. 610 Grand Street has been on the market for over 300 days, according to Redfin. The property is less than a mile from the beach and is listed at $400,000. The lot is zoned residential, and the new owner would need to allow for water to flow freely. “I’ve had some unusual properties in my career, but this was a first,” realtor April Jones said. (SF Gate)