"Money don't get everything it's true"

"What it don't get, I can't use"  The Beatles before their spirtual journey

Some lenders are now requiring associations to certify that they are not renting out units for less time than docs specify.  This came about with the new law that allows condo associations to file leins, foreclose and collect rent on the units that are not being paid for by the owners.  Some associations have taken this to mean they can rent for any time period.   Not True!

So far in 2013 there have been 33 oceanfront condos sold that feature at least 3 bedrooms and 2 baths.  Interestly enough none of these have been new construction, I expect to see new buildings soon although the 45' height restriction in Cocoa Beach makes it more difficult.  I would like to see this restriction relaxed a bit.

The sold units have included several newer constructed buildings like Solona Shores and The Meridian but most were built in the late 70's and early 80's.  The 33 units sold closed for an average square foot cost of $211.68.

Our listing in Windrush is a 3/2 SE corner with good views, going by the square foot cost, it would put this unit at $343,550.  It is listed at $342,500.  The only negative feedback I have received is the tile in the unit.  It would be wise to make an offer allowing for tile replacement.

View from Windrush 201, call to see this unit.

Jim Bagwell