Oceanfront Condo Complexes (Miami, Fort Lauderdale, Hollywood: mortgage, lender, highrise)

[night0wl]

Hey All,

Does anyone have a good bead on the oceanfront condo market in fort lauderdale? I own a ocean access canal home, and I'm thinking it may soon be time to pick a condo up as a vacation home.

Right now, I've been looking in North Miami beach in complexes like the Bel-Aire where you can get short sales in the $340k for a 2 year old 1 bed/1.5 bath. What about similar complexes (new or old) in the fort lauderdale, hollywood, dania beach, etc area? My only req't is a killer view, either direct east, a wraparound balcony (east to south), or something that is onobstructed by another highrise right outside my window. Any feedback is appreciated.

Thanks!

[rhiannonfl1]

I'm not a realtor, but being in the mortgage business and knowing how the housing market is now, I don't think you'll have a problem finding anything. Short sales can be a pain, so make sure you find a realtor who is very experienced in working with the lenders on these types of deals.

Take a look at the real estate for sale section in the Ft.Lauderdale area of Craigslist..most realtors post listings there with pictures..you'll be able to get a good idea of what's available in your price range.

[rkumar3]

I used to live on the Fort Lauderdale beach and loved it. Recently checked out the prices and viewed a few condos on the Hollywood beach as well fort lauderdale beach (Galt Ocean Mile)... the prices have certainly come down by 20% - 40%. I personally still love the Galt! Prices are all over... for a good 2/2 with killer view, you are looking at anywhere from 250K - 450 K (and more!)

[night0wl]

Originally Posted by rkumar3

I used to live on the Fort Lauderdale beach and loved it. Recently checked out the prices and viewed a few condos on the Hollywood beach as well fort lauderdale beach (Galt Ocean Mile)... the prices have certainly come down by 20% - 40%. I personally still love the Galt! Prices are all over... for a good 2/2 with killer view, you are looking at anywhere from 250K - 450 K (and more!)

Do you have any recommendations on good buildings in FTL? I'd prefer new to brand new...but a good 10-20 year old building is fine if they've maintained it spectacularly and there are no special assessments left/upcoming.