UF: Florida real estate market has hit bottom
Read and decide- seems to be a mixed bag of opinions!
Just remember:
Don't wait to buy REAL ESTATE,
Buy REAL ESTATE and wait!
Thursday, April 29, 2010
Wednesday, April 21, 2010
Condos-condos-condos! Introducing Reflections
If you’ve spent any time at all in Indian Rocks Beach, you can’t help but notice the two adjoining towers of Reflections, located at 900 Gulf Boulevard. Being the tallest building in IRB, this is THE vantage spot for Gulf views from every one of the 84 condos.
The 11-story block buildings were constructed in 1981 and consist of 42 condos in each tower, referred to as the North or South towers. Each condo is est 1275 sq ft, 2 bedroom with 2 baths, utility area, open living/dining area with large sliders opening to a tiled balcony overlooking the Gulf of Mexico. The master bedroom also features a Gulf facing window and sliders to the balcony. There are 4 penthouse condos that are est 1900 square feet with taller windows on the Gulf and unbeatable views. Here’s the view from a 10th floor balcony of the South Tower:
There is a keyed lobby entrance to the building, a recycling area and wheelchair ramp conveniently by the front door. Entering the lobby, one can access either of the towers via 4 swift elevators, or the common areas, including lounge area, kitchen, restroom facilities, and sauna. Other amenities include a Gulfside heated swimming pool, tennis courts and of course, the beautiful beach and white sand only steps away! There is covered parking under the building for each unit, and adequate parking for guests
Monthly condo maintenance fees range $500-550; the building is pet-friendly and condos can be rented out for a minimum period of 14 days. There is no onsite rental manager.
Average rental potential is minimum $875 weekly during December to April, and minimum $800 weekly during the summer season. Again, minimum rental period is 14 days, and many guests book for a month during the winter season. Average annual rental potential is $15,000-30,000 according to local real estate rental firms, and dependent upon various factors.
The list price of condos currently for sale at Reflections ranges $369,000-$529,000 and recent sales price average is $367,000.
The 11-story block buildings were constructed in 1981 and consist of 42 condos in each tower, referred to as the North or South towers. Each condo is est 1275 sq ft, 2 bedroom with 2 baths, utility area, open living/dining area with large sliders opening to a tiled balcony overlooking the Gulf of Mexico. The master bedroom also features a Gulf facing window and sliders to the balcony. There are 4 penthouse condos that are est 1900 square feet with taller windows on the Gulf and unbeatable views. Here’s the view from a 10th floor balcony of the South Tower:
There is a keyed lobby entrance to the building, a recycling area and wheelchair ramp conveniently by the front door. Entering the lobby, one can access either of the towers via 4 swift elevators, or the common areas, including lounge area, kitchen, restroom facilities, and sauna. Other amenities include a Gulfside heated swimming pool, tennis courts and of course, the beautiful beach and white sand only steps away! There is covered parking under the building for each unit, and adequate parking for guests
Monthly condo maintenance fees range $500-550; the building is pet-friendly and condos can be rented out for a minimum period of 14 days. There is no onsite rental manager.
Average rental potential is minimum $875 weekly during December to April, and minimum $800 weekly during the summer season. Again, minimum rental period is 14 days, and many guests book for a month during the winter season. Average annual rental potential is $15,000-30,000 according to local real estate rental firms, and dependent upon various factors.
The list price of condos currently for sale at Reflections ranges $369,000-$529,000 and recent sales price average is $367,000.
Saturday, April 10, 2010
Sales stats for March – Current prices of beach real estate
This just in:
Residential real estate sales for the month of MARCH in the following beach areas:
Indian Rocks Beach, Indian Shores, Belleair Beach/Sand Key
There were 27 sales, consisting of:
Condominiums- 16 sales
Single Family Homes - 5 sales
Townhomes- 6 sales
Average square footage = 1523
Average Beds/Baths = 2/2.5
Average list price = $472,594
Average sales price = $410,472
Sales price to List price percentage = 91%
Average Days on Market = 101
Number of properties that are on the beach side of Gulf Boulevard (NOT necessarily Gulf front views) = 12
High sale: $1,025,000 – Sand Key condo- The Grande- Gulf front
Low sale: $146,500 – Townhome, Indian Rocks Beach
DISTRESSED SALES DATA:
There were 3 distressed sales, consisting of 2 short sales and 1 foreclosure (REO, Bank-owned)
NOW- get over to my website and check out my featured listings and you can see the latest foreclosure lists for FREE!
Wednesday, April 7, 2010
New Series of blog topics! Condos, condos, condos!
For readers, and future beach real estate owners, this week kicks off a new blog series, Condos, condos, condos!
Each blog will give information about a specific condo community among the many along Gulf Boulevard, starting in Indian Rocks Beach.
To kick off the series, I am introducing Reef Club.
If you've driven along Gulf Boulevard through Indian Rocks Beach, you've probably noticed the newly-painted salmon colored building located at 1000 Gulf Boulevard.
This 6-story block building (5 stories plus under-building parking) was constructed in 1983 and consists of 55 condominiums. Each condo is est 1300-1380 sq ft, 3 bedroom with 2 baths, washer/dryer hookup, and a Gulf-facing balcony. Each first floor condo (units 201-211) have a spiral stairway fromthe balcony for easy access to the pool and beach. There are no obstructions or other buildings between any unit at Reef Club and the Gulf!
There is a keyed lobby entrance to the building and other amenities include a heated swimming pool and spa, BBQ area, tennis courts and of course, the beautiful beach and white sand only steps away! There is parking under the building for each unit, but limited parking for guests. On holiday weekends and other busy times, the parking lot is often full.
Monthly condo maintenance fees range $410-550, as some of the end units have extra windows and other units have different sized balconies. The building is pet-friendly and condos can be rented out for a minimum period of 7 days.
Average rental potential is minimum $1500 weekly during December to April, and minimum $1000 during the summer season.
The list price of condos currently for sale at Reef Club ranges $369,000-$449,000 and recent sales price average is $340,000.
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