Happy Holiday as we enter the day before thanksgiving with excitement & amazement both how much food we can stuff ourselves with plus the unfolding of the new year. Rounding off the final weeks of 2009, I am Very Thankful for all of you and my direct clients that have made this business thrive in a market that many would claim is quite challenging. So much will be unfolded in January with 2 new web sites and 2 new blogs surely to add value, substance and knowledge to the local Miami Beach real estate market. I end this week before leaving to see family with a blog post “deal of the month” that is under the radar because of it’s asking price yet will be a stellar beach pad (or should I say loft) for the savvy buyer. If you would like to see a new deal posted each month like this one, please comment below and let us know. Any questions pertaining, I’m easy to reach at 786.273.7326.
Welcome to Bay View Loft 206
Located in Miami Beach at 2000 Bay Drive right off the Kennedy Causeway as you enter East into the Miami Beach welcome sign. The loft complex is comprised of only 22, 2 story lofts with the vast majority facing out to the direct bay offering unobstructed bay views and the Grand View Palace Marina across the waterway. As of September, the association was financially healthy with a reserve fund in tact and a very low maintenance fee of only $435 monthly. It is unfortunately an owner occupied short sale so will take 3 to 7 months before possession occurs but for the patient buyer, should show great returns over the years. The rental income is $2,000 month and $2,500 for a seasonal lease (permitted at 3 month intervals).
- 1,515 Square Feet 2 bedroom 2.5 bath (fully equipped)
- 2 Parking Spaces (garage)
- Asking $324,900 (down from the $735k in 2006, $699k in 2007 $574,900 in 2008)
- Paid $469,900 in 2005
- Folio #02-32-10-059-0110
- 2008 County Assessed Value $646,800 (Assessed at $485,100 in 2009)
- 2008 Tax Bill $13,113.74
- Yours truly just sold #205 last month for only $240,000 as REO steal
- Therefore make an offer…
- More Photos here on Flickr
- MAP of Property
I know this is a cheesy video but had to do it along with saying HAPPY THANKSGIVING!