Watching the Market….Or Buying An Oceanfront Condo Now

posted by Susan Reiter on May 31, 2008

South Florida Oceanfront condo Great View

We receive a constant stream of phone calls from buyers from all over the world that are interested in purchasing oceanfront condos. There are buyers who are seizing the moment so to speak, and stepping in to take advantage of the great opportunities out there right now.

Are there opportunities? You bet there are and I have been in situations, where once we identified a great unit at a great price, other buyers were also putting offers in on the same units.

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There are varying degrees of motivation by sellers in all price ranges. There are some units in building less than 2 years old that the original developer still owns that now are very motivated to sell. There are units that are being sold by investors that are several hundred thousand dollars less than what they paid for it. Each situation is different but the opportunities are there. The units that are available under these circumstances include the most desirable oceanfront floor plans in premier buildings.

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All I can say is that if there is a desire to own an oceanfront condo in South Florida, at this point in time, you can get the best of the best at deeply discounted prices. When the media says…”We are now at the bottom and the market is going to turn around”… the best units in the A rated luxury buildings will be long gone!!!

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Porto Vita-Aventura-Desirable Unit Reduced $1 Million

posted by Susan Reiter on September 23, 2007

 Porta Vita Aventura

Porto Vita in Aventura is a complex of several buildings that hosts a complete luxury lifestyle. Amenities include a complete spa and gym, tennis courts, concierge service, valet service and much more.   It is a most sought after place to reside in desirable Aventura.

There is an 01 unit available on the 11th floor.  It has over 5100 sq.ft with views of the ocean and the intracoastal.  This unit has been on the market for a while and has been reduced $1 million.   The asking price is $3,950,000.  It is also available for rent for $16,000 monthly. To see more information on unit 1101 in Porto Vita Click Here

There was a sale in May of the desirable 01 unit on the 23rd floor.  The sale price was $3,575,000 for 5141 sq.ft.  That is $695 sq. ft.

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Categories: Best of the Best Oceanfront Condos, Deals, Porto Vita Aventura
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