Real estate site sells $10 million home for $5.4 million, but buyers don’t know the name of its owner
A real estate website has sold a home for a whopping $5 million, and some people are not sure where they will find it.
Real estate site Homey Real Estate has sold the home it bought for $1.4 billion in Puerto Rico to a company called PNC Financial Services for $10.4 in cash and $4.9 million in real estate credits, the Associated Press reported.
The buyer is the company that bought the home from its owner, who lives in Puerto Rican territory.
The owner of the house is not listed on the listing and no one from the company was available for comment.
The home is in Puerto Vallarta, a coastal town about 25 miles (40 kilometers) northwest of San Juan.
The sale comes as Puerto Rico has struggled with rising unemployment and a lack of jobs for the majority of its citizens.
Puerto Rico’s government has declared a state of emergency and ordered all state institutions closed, but has not taken any measures to address the housing crisis.