Sold! Villages go for $1.6 million

The Villages of Ocean Shores sells for $1.6 million, according to the county’s real estate sales site. Not bad, but . . . First Interstate Bank of Montana loaned some $10 million to developer Paul Pariser/Bar-JP for the project, then took the stalled project back after only one condo building (of a planned 15) was built, and Pariser failed to make payments on the gated condo community.

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3 Responses to Sold! Villages go for $1.6 million

  1. Anonymous says:

    Well that should knock the crap out of the value of commercial property in Ocean Shores.Maybe the city will someday recover back taxes and fees

  2. I will be on pins and needles until I learn what plans the new owners have for the property. If they plan on continuing to pillage, plunder, burn, bulldoze and build, I will probably collapse into a pool of tears.

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