Those that follow my posts know that I identify buying opportunities for oceanfront condos.Â TheÂ oceanfront condosÂ that have proven to be the best buying scenerios have been offered by either motivated sellers or by developers looking to close out their inventory.Â In today’s market there are a select number of truly fine buildings that have been finished and offered for sale at the worst possible time.Â Â These new buildings can remain unsold for only a limited time.Â Â Â Eventually, prices have to reflect today’s market.Â
Enter Sonata Beach Club in Pompano Beach.Â Â This is a “boutique building” with only 64 residences.Â The largest unit (not counting the penthouse) is 2809 sq.ft. 2 bedrooms plus a den with 3 baths.Â Â The smallest unit isÂ 2497 sq.ft.Â Â Â These are spacious oceanfront units.Â Prices when originally offered were above $1million, averaging $435 per square foot.Â Today, these units have been discounted 40%.Â A great unit with direct ocean views on a mid to high floor can be had for $800,000, $285 sq.ft.Â These are “decorator ready” units that have to be finished out.
For those desiring a large 2 bedroom plus den oceanfront condo inÂ a small building, Sonata Beach is worth a look.
Finished kitchen in a model unit
Model Living Room
Living Room Space
Floor Plan of the Mozart