Beach Club Hallandale- What Has Sold and Are There Deals?

For readers that are not familiar with The Beach Club in Hallandale Beach, it consists of three towers Beach Club 1,2 and 3 with a total of 1200 units between the three towers. The Beach Club is an extremely sought after condo for investors and second home buyers for many reasons. The three most outstanding reasons for its popularity are:

  • Location: Minutes from Fort Lauderdale Airport
  • Fantastic Amenities with three pools and full service gym and spa
  • Attraction and ease for seasonal rentals
  • Units with Incredible Views
  • Directly on the Beach

We continually receive inquiries by investors and second home buyers as well as renters interested in this development. All buyers are looking for purchasing opportunities. We wanted to offer some statistical data that will provide an insight to the actual activity at the Beach Club.

Below is a chart providing data on the activity at the Beach Club for the past 6 months.

beach club closed sales and active sales data chart

There are approximately 20% of the units on the market and that seems to be pretty consistent for the Beach Club. For many buildings in today’s market that is not out of the ordinary. Some of the newest buildings are averaging 30% or more.

In the past 6 months there have been 18 units sold. Of the 18 units only one sale was from a bank owned property. The other sales were from sellers with varying degrees of motivation. Sale prices averaged 12% of the asking price. Not surprising, none of the closed sales resulted from short sales.

As we have previously written in our blog, the opportunities are out there NOW. There are savvy buyers out there taking advantage of this buyers market. Although there have only been 18 closed sales in the last 6 months, right now there are 25 pending sales under contract! Activity most definitely is picking up.

Available units for sale at the Beach Club 1

Available units for sale at the Beach Club 2

Available units for sale at the Beach Club 3

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This entry was posted on Saturday, May 10th, 2008 at 10:48 am and is filed under Beach Club Hallandale, Buying Real Estate, Condo Statistics, 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.