It makes good sense! There could be other loans on the unit in addition to the first mortgage, the appraised value could be far in excess of the mortgage balances combined... and there could be a few other matters that we are not certain of. properties in that price range often take marketing time greater than the average to sell.
Everything makes sense and at the same time nothing does :)
â§ MIAMI BEACH REAL ESTATE GUY âœº WATERWAY REALTY, REALTORSÂ®
Ivette Thomas, Broker-Assoc.
Fortune International Realty
this is what I can tell you.
The penthouse is offered at $1.65 and is a foreclosure
Units 308 and 408 are both offered at $1.25m. Neither of the units are short sales or foreclosures.
Hope that helps.