"Say it loud, say it clear"

"You can listen as well as you hear"
"Its too late when we die"
"To admit we didn't see eye to eye"
Mike & The Mechanics 

This is one of my favorite pools.  It is at Crescent Palms in South Cocoa Beach on the Banana river.

Nothing new in our complexes since last post, I am surprised that the foreclosure in Windward East is still available.  I believe you have to consider that similar units in Windrush are priced the same or lower than the foreclosure.  Windward and Windrush are similar complexes by the same builder and still are well kept complexes.  Windward will go to $330 next year in monthly dues and Windrush is at $390 and I haven't heard of a increase at Windrush.  These are still some of the best values in monthlies as far as dues.  Consider that Stonewood is up to $400 and Royale Towers is up to $405.  Ada and I have lived in both and enjoyed living there.

I am sorry to say that it is becoming increasingly difficult to sell a 1st floor unit since our unit is on the 1st floor, it has to be a very nice unit indeed to break $300,000.

One of the more interesting sales in the last part of 2010 was a unit in Michelina.  It was on the market for about 2 years and finally went the short sale route.  listed as a short sale for $299,900 and sold for $299,900, the unit has 3 bedrooms 3 baths with 2411 sq ft and built in 2006.  The view is nothing special.  This unit was purchased in 2006 pre-construction for $468,000. 

NOTE FOR OWNERS
New rules for IRS in 2011, if you collect more than $600 in rent on a property in a year and if you pay a vendor (electrician, carpenter, contractor, etc.) more than $600 then it is the owners' responsibilty to issue a 1099 to the vendor.  Don't shoot the messenger!

Lets hope tis the season to sell some Real Estate!

Jim Bagwell