Two weeks ago we did a post on what we thought two of the best values at the beach were. If you recall they were Anastasia By the Sea (great location and condition for the price) and Anastasia Island Townhomes (incredible central location plus great square footage and parking).
Now, what about the worst?
I think if you asked us a year ago our opinion of Pier Point South Condos would have been a lot worse. It’s practically on top of the pier with all its activity and traffic, its aesthetics are not that great, the beach washes away in front of it periodically (right now the beach there doesn’t exist at high tide), and the list prices were, in my opinion–and this is coming from a pro– ridiculous.
Even though the beach is still mostly not there, and the aesthetics aren’t great, we have a much higher opinion of Pier Point South this year.
First of all the units all went under a major exterior renovation…it looks newer. Secondly, I like all the traffic and activity at the pier…it’s where I usually go when I go to the beach (well, maybe a few blocks south now where there’s some sand).
And price looks like it’s getting in line. The lone sale this year was in the $240,000s, about where it should be. There are still the ridiculous listings at $450,000 or above, but as long as one seller is willing to price it with the market, that’s all you need to get the other sellers either in line or out of the game.