Caribbean Miami Beach Success Story- As Condo prices bottom out

Many of my posts over the years have covered the great buying opportunities that are presented when a developer is moving inventory at attractive prices.  In my post from April 17th, Caribbean Miami Beach was identified as a great buying opportunity.   The original developer struggled to sell the units at the original $1100 per square foot price,  The Caribbean was bought out by Melohn Properties. The new owners priced the units at an average of $600 per square foot.  The condos have sold and there are only 15 units left. The history of The Caribbean Miami Beach was mentioned in an article in the New York Times on April 20th.

The market changes over the last few years have been quite remarkable.  The buying opportunities are out there and when they are right…they are selling !

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