Oceanfront Condo Buying Opportunities in South Florida-International Appeal

Oceanfront Condo South Florida

There is no question, the really good oceanfront condos are selling. International and even national buyers see the great opportunities out there and are taking advantage of them. According to the MLS, in the last 60 days, there have been 46 reported closed sales for oceanfront condos that were listed over $1 million in Dade and Broward counties.

Barbara Corcoran, the real estate contributor for NBC’s Today Show and CNBC, was on today and said that “waiting for the market to go down is silly business ….. international buyer’s are gobbling up knowing that the prospects for Miami are so positive that they know they are going to make money long term.”

Reuters published an article on February 20, 2008, Miami condos are “for sale” for foreign buyers.

It is understandable why International buyers find South Florida Oceanfront Condos to be attractive. Here is an example of an oceanfront condo that was originally listed at $1,155,000 in 2006 and is now listed at $849,000. That is approximately a 30% price decrease.

  • Over 2300 square feet under air
  • Spacious floor plan
  • 3 bedrooms 3 baths
  • A rated building
  • Full service amenities
  • Building directly on the beach
  • Built in 2006
  • Ocean and Intracoastal views
  • Wrap around balconies
  • Finished out with marble floors and other upgrades
  • Listing Price $849,000 or $368 square foot
  • Same model being offered on floors lower and higher range from$930,000-$1,350,000 ($402-$588 sq.ft.)

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