INDIGO is our "Hot" Property in Perdido Key (we are selling more condos at INDIGO than anywhere else on Perdido Key). INDIGO's highlights are: private elevator entry foyer into your residence, high quality finishes (travertine, granite in all baths/kitchen, smooth ceilings, tile shower surrounds...no detail is overlooked here). The amenities are GREAT! 6,000 sf gulf front pool, two fitness centers, theater, steam/sauna, tennis, social rooms...the list goes on. We are finding bottom in INDIGO more than any other complex in Perdido. 2BR's are selling in the high $400's, 3BR's in the mid $600's and 4BR's are now mostly above $800K. Only one short sale has been closed to date at INDIGO although several are being 'negotiated' (but likely may not close). There are several in foreclosure, but not many. Hope this helps!
Kathy Justice -- #1 SALES AGENT IN PERDIDO KEY 2007
RESORTQUEST REAL ESTATE
Indigo is one of the nicest towers on the Key. Lagoon pool, movie theatre, social and exercise rooms. Indigo was completed around late 05' and because of the "boom" was subsequently overvalued. Now you can buy a short sale unit in there for literally 60 to 70 cents on the dollar.