There are a multitude of great deals in the Sarasota area in this price range that have a resort style feel to the community with loads of amenities. Give us a call, We would love to share all we know about other options that are available to you.
Atchley International Realty
9040 Town Center Pkwy
Lakewood ranch, Fl 34202
You are correct, the Colony complex on Longboat Key is in the middle of a lot of uncertainty. As you have learned from my colleagues, the Colony is in bankruptcy and owners are in dispute with the general partner. This needs to be disclosed but it may not be a terrible idea, based on what you are intending to do with the proeprty and what your overall objectives are. It might be the opportuity of a lifetime. More info. would be needed to conclude.
Teresa M. Fellows
Waterside Realty LLC
Recommend to speak with local residents, Google search for published articles , Police website , school ISD
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
With the owner's and general partners at odds over bankruptcy, the easy and perhaps best answer is stay far away from this one. On the other hand, this stressful situation may be the buying opportunity of a lifetime. It is a hard roll of the dice, as they say...and you should know most lenders will treat this as a hot potato, and either pass it on or drop it fast.
If you are risk adverse, find another great deal out there!
Jim, 703 615 4675. Feel free to give me a call if I might be any assistance.
You would be well advised to wait this one out.........according to information posted on one of the two properties on the MLS, Colony Beach & Tennis Club is now under bankruptcy with owners in dispute with the general partner.
There are presently 2 one bedroom condos available for $60,000 and $65,000. At this point, there is no telling what the future will bring for The Colony but it's most certain that it will eventually have one....in one form or another.
Michael Saunders & Company