Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Port St. Lucie - Sebastian - Vero Beach
 [Register]
Port St. Lucie - Sebastian - Vero Beach St. Lucie, Martin, and Indian River counties (Treasure Coast)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-13-2009, 11:43 AM
 
Location: London, UK
1 posts, read 2,405 times
Reputation: 10

Advertisements

Hi: - I'm a first time investor in US property (based in the UK).

The Millstone Landings properties (in foreclosure from the Bank) are being promoted heavily.

The price is pleasantly low, but would you agree with their figures: 4bed 3bath rental at around $2100? Seems a tad on the high side to me.

Also what's the plan for the empty plots within Millstone Landing, and more generally the surrounding area. Reading between the lines there could be "back to nature" thing going on with those ?

Anyway the agents are offering a big (by UK standards) house, at short sale prices, and tossing in free mortgage payments for a year, and free closing costs.

Is this a genuine bargain? Is there a healthy rental demand in Vero Beach? Whats the location feel like "on the ground"...
Reply With Quote Quick reply to this message

 
Old 10-16-2009, 06:10 AM
 
4,423 posts, read 7,370,302 times
Reputation: 10940
I don't think there's any rental demand, not when someone can buy a home so cheap.
Reply With Quote Quick reply to this message
 
Old 10-22-2009, 09:45 AM
 
1 posts, read 2,159 times
Reputation: 10
Jono2000,

I had made an offer for a house in Millstone Landing this year on a Short Sale. This are very nice houses. It had been sold by the developers for $560k and I offered $280k, which after 4 months the bank approved. At the time I had gone with another property, and the house is now being offered at $230k. This is just so you get a feel for the market now days. According to numbers from realtors, prices are starting to stabilize.

The rental market here in VB is not too bad. I just rented a simple 3/2/2 house for $900.00. Had a bunch of people come look at it and picked the best. I don't know what is the situation with $2100.00 rentals.

Let me know if you have any more questions about the area, etc.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Port St. Lucie - Sebastian - Vero Beach
Similar Threads
View detailed profiles of:

All times are GMT -6. The time now is 05:20 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top