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About This Property
7 apartments of the 11 total are available for purchase in this beautiful 4 story condominium located directly on the sand. The 7 (full kitchens and fully furnished) were purchased as a family retreat 16 years ago. You must come and experience the tranquility of the property to appreciate what it has to offer – Spectacular views, heated pool, private beach area, convenient parking, elevator, 2 laundry rooms… Per the recently completed Structural Integrity Reserve Study the property is well maintained plus it has a new roof, pool heater / pump and standpipe fire system. The condo association monthly fee is only $650 per apartment, and there is $20,000 in the reserve fund. The other 4 owners are out of state and seldom use their apartment. Per the Association’s condo attorney, owning 51% of the apartments provides the opportunity to replace board members and thereby have partial control of the Association. And when an owner decides to sell, you have the first right of refusal to purchase their apartment. In addition to being a family retreat, the apartments have tremendous potential to be positioned as an upscale boutique hotel. The asking price per apartment for this direct oceanfront gem is less than many dry lot properties located on the west side of A1A! Ok to drive by but listing agent must schedule and accompany site visits.
Property Features
County
Broward County
Section
43
Area
4918
Subdivision
Interior
Cooling
Bedrooms
Floors
Concrete
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
CBS Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
7400
Has Waterfront
Yes
Parking Description
Assigned, Free Parking
View
Has Garage
No
Roof/Attic
Other
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Hotel/Motel
Tax Year
NA
Year Built
1980
Tax Amount
$
APN
NA
Square Feet Source
NA
Map
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