Villa Cortona dropped a lot from when they were first built, like many condos in today's market. But the prices have changed a bit in the last 6 months, ranging from 1482 sq. ft. active at $340,000 up to 1963 sq. ft. pending at a list price of $475,000. The prices dropped due to many short sales and bank owned. The complex is not FHA approved so that would require a buyer to put 20% down, unless they could find a private mortgage insurance company willing to make up 10% of that 20% down. In order for that to happen the HOA would have to qualify. I don't see that it is in litigation but that doesn't mean it is not. Also, the owner occupancy would need to be 51% or more owners and HOA Due delinquencies would need to be less than 15%. I suspect that the HOA may have some deficiencies as one condo which sold for $312,000 stated CASH only.
With the exception of the one cash sale, the others which closed stated conventional financing. It may be possible, but a buyer could be required to put 20% or more down. Currently there are 2 active, 4 pending, 4 sold in the last 6 months and of the total 10, 8 were either short sale or bank owned