According to a recent (Star Tower) press release, their half-acre rooftop garden on Osceola St. in downtown Orlando is fast becoming the new "in" venue in downtown Orlando. Albert Kodsi, president of Royal Palm who along with Historic Creations of Orlando developed the Star Tower condo, said recent rooftop events have included political rallies, charitable fundraisers and a recent Downtown Orlando Partnership event. "We are hosting events three and four nights a week on the rooftop," said [...]
A beautiful golf-front condo in exclusive Reunion Resort & Club has just been drastically reduced to $399,000 completely Furnished! Every other condo that has been purchased since 2007 in Heritage Crossing has sold from $569K- $452K, with the average purchase price being $481K. The owner of this privately owned condo wants to make a deal ASAP. This gorgeous 3 bedroom condo is located in the Heritage Crossing neighborhood, and is situated around the 11th, 12th & 13th holes of the Arnold [...]
This week's OBJ reports that the owners of Orlando's Palazzo del Lago may be selling their 41 acres of condo hotel entitled land, suggesting that this may be the latest I-Drive project to go belly up. International Plaza dropped it's sales efforts last year and others are not looking so good - with loans becoming increasingly hard to find on the condo hotel product. As usual, the developers are denying there is any problem - all of which solidifies the best piece of advice I've been able to [...]
STOP PRESS: 2 one-bedroom lake views purchased at auction have just come back on the list due to buyer being unable to close. One is third floor, one is first floor. These were among the first to be picked up at auction so if you were disappointed at not being able to get a lake view, you now have less than 24 hours to get back in the game! These are the last 2 lake views left at Tradewinds. Post auction pricing ends at 5pm tomorrow (Friday). Until then you can still pick up a 2/2 for $93,500 [...]
Last week's Orlando Business Journal highlights some of the headaches currently facing Orlando's condo developers: At Veranda Park in MetroWest, eight developers have filed a total of $11.2 million in leans against the billion dollar project. To date, only half of the 10 projected buildings have been built and it's impossible to imagine the rest, including a condo hotel, going up in the current climate. The idea of a MetroWest condo hotel seems odd at any time of day, but when there are few [...]
Condo Metropolis is pleased to announce continued pricing on a limited number of Tradewinds condos for those who can act quickly. Auction pricing was $85k plus a 10% buyer's premium = $93k. Condo Metropolis can secure a unit for you with the auction company at this same $93k price for very a limited time. Quick-Facts Built 1989-1991 MetroWest Orlando, FL Converted to condos 2005 HOA (home owners association fees ("maintenance") = $187/month (covers water, sewage, trash, master insurance,[...]
So here's the post-auction pricing at Solaire for what's left - any thoughts? For more on Solaire at the Plaza, visit our Solaire Condos page.
Palm Harbor, in case you're wondering, is on the Gulf side of FL near Tampa (West Coast.) This condo conversion looks like a great leaseback deal for investors / overseas buyers... i.e. when you purchase here, they will guarantee full rent for at least two years regardless of occupancy, plus pay 2 yrs of taxes and maintenance (HOA) fees. For more information on Madison Oaks, contact us on 407-901-5161.
The buyers might have liked them a little cheaper. The developers might have liked a little more money. But in the end, nothing spectacular happened at the Solaire condo auction. And an hour and a half after it began, it was all over. About 150 folk showed up in the end - and although 42 condos were originally offered, only about 30 bidders were eventually successful. The Orlando Sentinel reports that the low price paid and the way the property was sold "may cause sleepless nights for [...]
You probably know this already, but you can pay a decent premium when buying downtown if you want a view of Lake Eola - rather than the I4 freeway. But standing between the 35-story Vue condo tower and its views of the lake and park could be a 42-story tower that will leave residents of the Vue looking at a wall of concrete. Bummer. According to folk in the know at the Sentinel, that scenario is behind a brewing development war that could go down among the city's most bitter. Highwoods [...]
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