I am interested in buying a condo (2/2) at Cite on the Bay. Does anyone have any insight/reccomendations on?

Benjamin
Home Buyer
Miami, FL

this building and other condos in the area?

Thanks.

Answers (2)
Shelly Montalvo
Broker
Coral Gables, FL

Hi Benjamin,

When wanting to buy a condo, these days before you even start looking you have to take into account your financing. If you are going FHA, there are not too many buildings approved and some may or may not qualify for a apot approval. If going conventional, many condo buildings are still not approved for financing due to low reserves and high delinquency rates...If you are paying cash, you will not have these issues when buying, but should still take them into account, often, high deliquency leads to increased maintenance fees or a lowering of the common areas condition.
Cite is a nice building, I have shown a few places there in the past. Feel free to call me should you need anything else. Kindest Regards

Shelly

Sun Jul 19 2009, 18:31
Nayla Benitez
Agent
Miami, FL
FIRST ANSWER

Hi Benjamin,

There are a couple of really good deals currently on Cite so you are in a good position to make a purchase. The building is situated in the up and coming Art District are of Downtown Miami, it is very central as you find yourself minutes from the Beach, Downtonw, Brickell, The Grove and most of the main Miami attractions. There are abt 436 units in total and building was built in 2004 it is a combination of Lofts and standard units. There are great retail shops all around the building including a great sub-shop. Building features 24 hour concierge/valet service and great amenities to include pool/gym/club room and more.

Depending on what your budget may be there are other buildings that you can also look at like Quantum, & 1800 Club or even if you want to be closer to the Brickell side there are a couple of really good buys in that area as well.

Let me know if there is anythig I can assist you further in and good luck!

Nayla Benitez
EWM Realtors
786 853 2333

Mon Jul 6 2009, 11:57

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