Posts Tagged ‘Condos for sale in St. Augustine’

Get Your Ocean Front Here: Price Reduction of $100,000 at 6170 A1A (Atlantic East)!

Monday, March 14th, 2011

by Sean Hess (Sean@StAugTeam.com), Broker and Manager for St. Augustine Team Realty (www.StAugustineTeamRealty.com).   Join us on Facebook.

6170 A1A South, Altantic East 201 in St. Augustine, Florida

6170 A1A South, Altantic East 201 in St. Augustine, Florida

Live the direct oceanfront lifestyle in an elegant way.  This is not a cookie cutter condo with legions of renters heading in and out each week. This is a romantic and stylish 3-bedroom corner flat that boasts fireplace, wetbar, tiled terrace/patio, and breathtaking views of the ocean.  The unit has a large, open living and dining area with tile floors, and gourmet kitchen with granite counters and stainless appliances. The community includes pool and private beach access.  Leases must be 6-months or greater in length, which prohibits the parade of weekenders that plague other communities.  A portion of the proceeds from this sale will go to Big Brothers/Big Sisters of St. Johns County.

Now priced at $469,000…a price reduction of nearly $100,000.

Ocean View For Sale in St. Augustine: And You Thought You Couldn’t Afford the Beach!

Friday, February 18th, 2011

by Sean Hess (Sean@StAugTeam.com), Broker and Manager for St. Augustine Team Realty (www.StAugustineTeamRealty.com).   Join us on Facebook.

The beach at Beachers Lodge 238, 6970 A1A South, St. Augustine, Florida

The beach at Beachers Lodge 238, 6970 A1A South, St. Augustine, Florida

And you thought you couldn’t afford the beach!

 

Ocean view in St. Augustine for under $80,000!

Willing to trade view for value? 

Enjoy an ocean view condo in a premium oceanfront building for 45% less than your neighbors paid for the same unit (and you thought you couldn’t afford a beach address)!

Snap up this stylish condo and you’ll enjoy the same oceanfront address, private beach access, and oceanfront pool as your neighbors do.  But you will have paid less.  They may have a better view, but you can use some of the dollars you saved for fabulous furnishings and still put money in the bank.

Located at 6970 A1A South in the oceanfront Beachers Lodge, Unit 238 will be a pleasure to own for years to come!

Find out more about Beacher’s Lodge.  A portion of the proceeds from this sale go to Homes for Our Troops, providing housing for disabled vets.

St. Augustine Condos for Sale: Beginning of the End for the Condo Buyer’s Market

Wednesday, May 26th, 2010

by Sean Hess (www.SeanHess.com), Broker and Manager for St. Augustine Team Realty (www.StAugustineTeamRealty.com).   Follow us on Facebook.

Last November we opined here that the end of the buyer’s market was near for single family homes.  We were right.

Now we’re saying that it’s the begining of the end for the buyer’s market in St. Augustine condos.

I’m saying that because the below market “deals” that have been there since the beginning of the year are gone.  About the lowest I can find for a two-bedroom/two-bath in an ocean side community is $160,000 for a short sale at St. Augustine Ocean & Racquet.  Whereas last month we helped an investor get a Colony Reef Club condo for $124,900. 

Those deals that we were so used to seeing in the $120,000s and $130,000s are gone.  And the “deal of the century” units at Seaside Villas of Anastasia (about half a block west of FA), nearly all of which were bank owned or short sales selling for $60,000-$90,000 are now sold out.

The upshot is that the price floor has essentially moved up from “below market” to “market.”  And thus the recovery has begun. 

If there are still deals available its in the higher end condos, where there has never been a huge buyer pool.  And the range between $250,000 and $300,000 still has a lot of inventory.  It’s my guess that those units in the $250,000s to $300,00s will be the ones to go next because an investor can still cherry pick.

The reason this is happening: down payments are now between 20% and 30% for a condo as a 2nd home (you have to have the assets to back it up, however).  This is way better than the 50% we saw for most of 2009.  So more people can get in than could even just six months ago. 

Also, investors are pretty sure the market has bottomed and are moving in…I think that’s pretty obvious with the disappearance of the below $150,000 condo near the beach.

There are still fence sitters.  The logic is “I don’t see any reduction in inventory,” and, “I don’t want to put down more than 10%-15%-20%.”

I would counter that by saying it’s not the overall inventory that is important right now, but instead, it’s which inventory is selling that’s important.  That the “deals” are gone is a harbinger of things to come.  The serious rank-and-file buyers who were watching but haven’t jumped in will see the properties they bookmarked are gone, which means they’ll jump in next to get the second best properties available.

As for not wanting to put down over 20%, what, are you nuts?  In the last month investors were willing either to put 20% down or pay cash for properties that were selling at 65-85% of value.  Put down 20% and gain 15%+ equity right back?  Sounds like a deal to me.  But now you’ll have to put that same 20% down to get something for full market value.  So I don’t get the waiting to pay more, if you can get in right now.

But that’s just me.

We love your comments, please e-mail them to Sean@StAugTeam.com

Condos for Sale in St. Augustine: Price Reductions @ Condqistador, Spyglass & Anastasia Island Townhomes, + New @ Atlantic East

Wednesday, January 13th, 2010

by Sean Hess (www.SeanHess.com), Broker and Manager for St. Augustine Team Realty (www.StAugustineTeamRealty.com)

The View from Atlantic East 201

The View from Atlantic East 201

We have three great price reductions this week on condos + a new unit at Atlantic East:

Spyglass 14, 8200 A1A South, is a tr-level, Ocean View condo with an attached tw0-car garage.  Garages are pretty rare for beach condos and it presents a real opportunity for someone.  The unit boasts an elegant spiral staircase, upper and lower entries, balcony, and is just steps from the pool and beach!

43 Veronese Court at Conquistador Condos is a light-and-bright ground floor, single-story flat located directly on the Intracoastal waterway.  The views here are not to be believed…you can watch the boats sail by while sitting on your patio or even while making dinner in the kitchen.  With a price at just $119,900 it won’t last long! 

825 Anastasia C-16 at Anastasia Island Townhomes sits in the shadow of the St. Augustine Lighthouse, just minutes from the beach, Historic District, shopping and restaurants.  The views here are amazing as well…I was doing my rounds before dawn the other morning and a crescent moon was rising over the lighthouse…you can’t get that anywhere else.  This 3-bedroom unit includes a deep, one-car attached garage.

Atlantic East #201, 6170 A1A South is the rarest of the rare in St. Augustine condos: a 3-bedroom, single-story flat, direct Ocean Front, served by an elevator.  You will never have to climb stairs here, but you would…it’s that nice.  The unit includes a kitchen with granite counters, stainless appliances, wine chiller and wet bar, large and open living areas, and expansive views of the ocean.  This unit is upscale and posh, with a price to justify the elegance at $565,000.