It is one of the few complexes offering a garage with the unit. There are no elevators. If you live on the third floor you will be walking up three flights of stairs.
The property has many rentals and suffered from many distressed units during the real estat bust. It would be wise to check the percentage of owner occupied units to investor units to determine if financing is an option.
You can check with the management company for this information.
Brock Realty Inc.
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It is central to everything.
There have been a multitude of bank owned and short sales, but great news is the prices are coming up higher and have been over the last 2 years.
If you havent selected working with an agent, that is a great place to start. This way you have someone working for you to help you gain clear insight on the pulse of the Sarasota/Bradenton market.
Call The LaRosa Realty Team!
Atchley International Realty
Michael S Holderness
SaraBay Real Estate
If you wait, prices will go up.
Brock Realty Inc.
A client of mine has bought two units in Las Palmas as investments, and has been very pleased with the results. The community is very popular with renters, and has a nice resort-style feeling.
The condo association finances are solid and the association recently changed management companies. The building exteriors were freshly painted and the grounds are well-kept. If you decide to make an offer, the association will include the most recent financial statement along with the condo documents and rules of the association.
I highly recommend Las Palmas to investors or to buyers looking for a full time or seasonal residence at an affordable price.
David Barr, Broker Associate
Allison James Homes & Estates
I've shown a number of listings in Las Palmas over the past year. As someone else said, this was a condo conversion from an apartment complex back in 2005, so units were all sold at that time at the height of the real estate boom here. Many buyers, including investors, bought with 100% financing, so that when the boom went bust, they found themselves upside down. Some walked away and let the units go into foreclosure, others have been doing short sales.
Las Palmas has had a high number of unit owners delinquent on the condo fees over the past few years, although that number has been shrinking as many of the units have sold as short sales or via REO/bank sales. Before writing an offer, I would ask to see both the 2012 and 2013 budgets and suggst paying special attention to the information regarding reserves for maintenance items.
As to amenities, Las Palmas has a beautiful clubhouse and main pool/pool area, a 2nd smaller pool in the back of the community and several small playgrounds. It's a nice location off Honore just south of University Parkway and very near the location of the new mall being built.
If you'd like to contact me, I can fill you in on my other observations regarding Las Palmas.
Diane Christner, Realtor, GRI, SFR
Realty Executives Solutions
Tammy Hayes, Realtor
RE/MAX Palm Realty