Monday, January 26, 2009

A Look At Another Real Estate Market








I spent the weekend in Florida visiting parents and had the opportunity to look at some condos for sale. While is is dizzying to try to sort through the myriad of available properties, short sales and foreclosures in South Florida, I singled out a few and I found this condo particularly appealing.
1147 Hillsboro Mile Unit #1006 Hillsboro Beach Florida
Originally listed at $329,000, the current listing price is $169,000. However, the highlight feature of this condo is the view. Located at the 10th floor penthouse level, it has commanding views of both the Atlantic Ocean and the Intercoastal and the views to the west inland. It is located on Hillsboro Beach on The Hillsboro Mile adjacent to a string of single family multi million mega mansions, so the view over the tops of these homes is commanding and will not change. Common charges are $536 monthly, which include a 24 hour security guard, lovely pool, immaculate beachfront, community room, gym and garage parking. Taxes are $4896 per year, so the total cost of carrying the unit is approximatley $1,000 per month excluding mortgage. But at the asking price of $169,000,the mortgage is minimum. Click on the title to see the listing detail. What an eyeopener!

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