"In the middle of difficulty lies opportunity"

Albert Einstein

Picture is of the family room in Villa Verde in south Cocoa Beach


Still not much going on in our complexes except for The Diplomat. The short sale and one other listing is under contract. It also looks as though we have a meeting of the minds on our listing so that only leaves the oceanfront listing available in The Diplomat.

Villa Verde is the green building that is gated in south Cocoa Beach. There are 6 units now on the market being sold by the investor group that took them back from the developer. They range in price from $345,000 to $399,000. These units all have 2875 sq. ft. with 3 bedrooms and 3 1/2 baths. They all have all the upgrades and all the technology features like one touch control of lights, AC,shutters and built in TV in the kitchen. The penthouse is not on the market as yet since the owners are deciding whether to divide into 2 units. This unit is the entire top floor with 5750 sq. ft. This could be a opportunity for the right investor especially if they went for the building.

Have a great Sunday!

Jim Bagwell

"New opinions are always suspected"

"and usually opposed because they are not already common"
John Locke

Walker Bagwell preparing for takeoff.

Nothing new going on in our complexes except for The Diplomat.

A new listing on the ocean has came on the market. All the oceanfront units have 2 bedrooms and 2 baths with 900 sq ft. The new unit is listed at $215,000, this is not bad for a oceanfront unit.

For those of you who are interested in commercial real estate, a double unit in the Cape Royal building listed at $240,000 just sold for $79,050. This unit has 3200 sq. ft. and you can divide it into 2 units. That could be a good income producing property.

Well the mixed use amendment has passed in Cocoa Beach. This was a very passionate issue on both sides. Don't look for any changes to occur for years to come. It does give property owner's options. Yen Yen's restaurant is planning on adding a asian market above their restaurant.

Come on Gators, beat a ranked team.

Jim Bagwell

"My blood runs cold"

"my memory has just been sold, my angel is a centerfold" Ada and I went to Gainesville to watch the Gators lose to Bama when this song came on the radio. We were very proud we remembered that it was by Gary Lewis and the Playboys, then I found out it was by the J. Geils Band. It is back to the ginseng for us.

Blast from the past, night launch of the shuttle. Maybe Boeing can make it work again.


Things picked up a bit since our last post on the 23rd. After we listed a Diplomat for $99,900 there has been a new listing that is a foreclosure and listed at $94,900 in the same building. It appears to have been updated to some extent.

There have been 2 sales in the Windrush. Both side units with a north view of the ocean. The 1st was unit 413 with 2 bedrooms 2 baths and 1271 sq. ft. Listed at $220,000 and sold for $213,000. The 2nd was unit 411 with 2 bedrooms 2 baths and 1517 sq. ft. and a sand dollar floor plan. This unit was listed at $234,900 and sold for $218,000.

Since the last post there have been 7 new listings that are called ocean front but only 4 actually are ocean front units although all 7 are in ocean front complexes. None are really exciting but one of them is in the Marlin Apartments next to the old Holiday Inn. Listed at $99,900, it is a 1 bedroom 1 bath unit with 716 sq. ft. The complex has on site management and is a popular rental destination.

Enjoy

Jim Bagwell