Beach Club Hallandale Oceanfront Condominium- A Buy for Many, Strong Sales.

Beach Club Hallandale is a large complex made up of three towers with a total of 1200 condominiums. The Towers are named Tower One, Tower Two, and Tower Three Beach Club has outstanding amenities including a 40,000 square foot oceanfront gym and spa, 4 pools and and on site restaurant.  The property is directly on the sand in Hallandale Beach and is minutes from Fort Lauderdale airport. Northerners, Canadians and Europeans are attracted to this property as a second home or as an investment property.  There is a very strong rental demand at the Beach Club because of the attractive rental rates an outstanding amenities. Condo sizes range from 1086 square feet to around 2100 square feet. Larger corner units offer spectacular oceanfront views with oversized wrap around balconies.

There is a great deal of sales activity at the Beach Club. Prices are very attractive and for a new oceanfront condominium on a dollar per square foot basis, it cannot be beat.

Real estate investors not from this area read about the woes of the South Florida real estate market.  Good Oceanfront Condominiums are different.  As I have written many times, oceanfront condominiums defy the rest of the market.  The demand is world wide and good properties priced well have demonstrated very strong sales.  This is is perfectly illustrated by looking at the recent sales activity at the Beach Club.

In the last 6 months there have been 73 closed sales at the Beach Club representing a total of just under  $35,000,000 in real estate sales.  24 closed sales were short sales, 14 were bank owned and the balance 35 sales were conventional transactions.  Closed prices range from a low of around $250,000 to a high in the $800,000, with the majority of the sales in the middle.

Currently there are 126 condominiums for sale at the Beach Club.  A handful of the active sales are offered as short sales or bank owned and the balance are conventional.  This represents about 10% of the total complex for sale.

Beach Club in Hallandale Beach is great example of oceanfront condominium activity.  Of course, the Beach Club is larger than most buildings and priced lower than most but it does provide us with a look at the market.  In the luxury oceanfront condominiums with a higher price point, we can see proportional sales activity.  Well priced units continue to sell especially if they offer good ocean views.  The South Florida oceanfront condominium market is very much alive and kicking !

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This entry was posted on Tuesday, January 25th, 2011 at 8:55 am and is filed under Beach Club Hallandale, Buying Real Estate, Deals, Fort Lauderdale Oceanfront Condos. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.