What a great place to live
Saturday, February 3rd, 2007I just got back from a whirl wind trip to Florida to look at another very impressive condo conversion. My first thought was, wow I never had an apartment like this when I was young and renting. This is truly more like a condo resort with all the very nice amenities. Living in this location would be the perfect balance between the excitement of city life and having a tranquil place to call home. With its 400- acre preserve, hiking trails, 40 acres of lakes, all still with in a 10 minute drive of an international airport. Amenities include secure gated entrance, 7500 sq ft luxury clubhouse, business center, cardio-theater fitness center with aerobics classes, two resort style swimming pools, Jacuzzi with tropical landscaping and fog machine, summer screened in picnic porch with all the upscale cooking grills, tennis court, car detailing center, and recreational field.
My initial due diligence is normally on the developer or seller of the project. In this case we have had a previous positive experience with the trust and developers. The principals that came together to structure this opportunity have more than 50 years of combined experience in the real estate market place. This team has been hired by Americas largest real estate developers and financial institutions because they are recognized as the industries most innovative experts to market properties with unique low entry hassle free ownership programs for real estate investors.
The project is located very nicely on the border of two major growth counties that have experienced huge growth in the recent two years. The actual property sets in the middle of a section of land that was undeveloped until three years ago. The majority of the construction in the area is relatively new giving the area a modern up scale look. Today there are two major food chain stores on both sides of the property both on the east and the west. There are two new Wal-Mart stores one a super center located to the east of the property along with new star bucks coffee shops and all the other chain restaurants and drug stores that always lead a growth market. Lockheed Martin and the corporate offices of Verizon wireless are major employers in the area. Housing in the area has a median home price of $248000. The median age in the area is 34 and there are colleges, leisure and culture activities including many local golf courses near by. You can enjoy a life less ordinary with elegant 1-2 and 3 bedroom condominiums with the pleasing combination of comfort and luxury. Standard features include: controlled building access, vaulted ceilings are available, direct building access to garages, monitored intrusion alarms, 9- foot ceilings, roman tubs, breakfast nooks, built in entertainment centers, wine racks, large screened patios, Private balconies, storage units are available and washer and dryer hook ups.
Over the course of the next few weeks I will be offering this opportunity to my valued client base. I see the project as having the necessary fundamentals to position our purchase for potential growth. Factors that have been used for this analysis include but was not limited to, job growth, migration factors, local city path of progress planning, new construction trends, small business growth, corporate relocation plans, building restriction codes, access to the area and tourism.
Look for our e-mail in the next few weeks as we structure a more detailed webinar presentation for this project.