Market Conditions in Orlando>Question Details

Jeremy, Home Buyer in Suffolk, VA

I'm another Instant Access Properties victim who bought an apartment in Grande Palisades in 2005

Asked by Jeremy, Suffolk, VA Wed Feb 4, 2009

I'm now fretting as building C3 completes soon. Ideally I want legal advice on how I can get out of the contract and re-claim as much deposit as possible, and to walk away from the deal. Has anyone taken steps like this?
Can we join forces and resources?
Anyone know about occupancy rates during the first 2 years for comaparable resorts like Bahama Bay and Blue Heron?
My current estimated value for my 2 BR 2 bath apt at GP is very approxamately $160,000 (Ha! IAP 'valued' it at $412,000 in Nov 2007!!) - what values would you estimate it at?

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Let me update this. The Grande Palisades went bankrupt and no units were ever closed on. The property was acquired in a foreclosure auction by BTI Partners in 2014. It is scheduled to open as the Grove Resort, a condo-hotel, in the fall of 2016. I've had a tour of the property and have the details on their rental program. If any one would like the details, just click on my picture and contact me.
0 votes Thank Flag Link Sat Apr 2, 2016
Jeremy,

I have a very close contact, he and a group of investor's look at buying this but they walked, I'll follow up to see if I can glean some info as to why.

Also google 'Grande Palisades' im sure some British groupes will show, also I thought some were on here asking questions. Check other real estate information sites blogs.

Let me know if I can help, click on the blue Broker Dave next to my picture.

Broker Dave
Dave Lowe, broker
GRI – ePRO – GREEN (Designations)
Two4One of Orlando (Orlando Website)
Two4One.com (Corporate Website)
Customer Testimonies
Dave’s Bio
Web Reference: http://two4oneoforlando.com
0 votes Thank Flag Link Wed Feb 4, 2009
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