Best waterfront condo deals?

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Beware of a few things. Although you may be able to pick a place up for under 100k, it may not appraise that low. It could very well appraise at 250, which would mean 5-6k annually in property taxes. Now add the cost of insurance and you may be looking at an additional 1k per month on top of your mortgage. Most HOA's do not typically cover your insurance or taxes, just the costs to maintain the grounds and the pool and the alike. Not all are this way, but do your homework first!. And lastly, don't forget, HOA's never seem to decrease, only increase over time so whats a deal today may not be a deal long term.

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Most of these so called condo's are condo conversions. They were once apartments, they were never built to be condo's, they were built to be apartments, so if you want to hear your neighbor flush their toilet or go to the bathroom for that matter for the rest of your residence there, I would steer clear. Condo conversions are a real rip off if you ask me. When they started the conversion craze back in 2005, I disagreed with it from day one. Apartments were never made to be condo's.