Ljwaks, Home Buyer in Bridgeport, CT

Where can I get information on low price condo conversions in North Miami Beach? I am looking for something

Asked by Ljwaks, Bridgeport, CT Sun Jun 15, 2008

on Harding or Byron Avenue in the 7000s

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4
Ljwaks,

My team and I sell NMB and know the city very well. To our knowledge there aren't many condo conversions going on right now in NMB. The only one that comes to mind is located right behind the NMB post office on Old Dixie, at the moment I cannot even remember the name of the project. However, my experience as a top producing sales agent in NMB has taught me that most of the recent condo conversions in the area have declined in value rapidly. Even more so than the existing condos. In addition, you may have read that several of the conversions in the North Miami area have been plagued with serious code violations and/or construction deficiencies. Namely Bay View Palms and others in the area. Unfortunately, many of the conversions were done hastily to turn a profit and may not represent good investments of long term appreciation. This is hard to say for sure. Most of the buildinigs will be brought up to code over time by the new owners (at their expense). Watch the newspaper for stories on condo conversions. There has been no shortage of stories in the past year.

Having said that, I find that many buyers are very comfortable with the existing condos located in Sky Lake and the California Club. These condos are very well located close to the Aventrua Mall, Beaches, Shopping, and I-95. If you are interested in these areas please contact us so we can share further experiences with you.

By the way, 2 bedroom, 2 bathroom condos in traditional condos located in the California Club just dropped below $100,000 this week. We think these condos represent great value at this price.

Let us know if we can help.
The Willard Realty Team
0 votes Thank Flag Link Thu Jun 26, 2008
Hi Ljwaks,
I can send you a daily list and activity that is happening on the North Miami Beach area, where you can do your research and when you decide the property you like it I can take you for a showing.
If you have any question please contact me.
0 votes Thank Flag Link Mon Jun 16, 2008
I can probably help you out. The 401 Blu building is a conversion. It is on 69th between Abbott and Byron. Units range in price from $148k to $420k. How many bedrooms and baths did you need? Square footage? The other buildings are called MIMO on the Beach II and III. MIMO II is on Byron between 68th and 69th, and MIMO III is on 69th. They range in price from $100k to $179k. Be more specifc about your requirements, eg. do you have any pets? Rentals in these buildings are around $1000/mo+.
0 votes Thank Flag Link Mon Jun 16, 2008
Ljwaks,

Contact a real estate professional.....they are generally supportive and willing to support peoples real estate needs.
0 votes Thank Flag Link Mon Jun 16, 2008
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