B Harris

July 2, 2008

I am suing the condo BOD and Waterstone Realty for a condo rental usage that violates three sections of our condo documents. This was filed June 10 and summons issued that day for 4 parties. The matter may reach an actual court appearance in the fall.

In the meantime there are other odd developments at the complex. I would bring to your attention that there is some odd things going on with the 'management' firms who get 48k a year to run the complex. When I purchased about 1 year ago the firm was Seagrove on the Beach Realty then it changed with the BOD dropping them and appointing Concord Management. Concord lasted about 7 weeks and after an 'Emergency BOD Meeting' they were ousted and Seagrove was back. They lasted perhaps another 2 months and as of July 1st they were back after another BOD meeting.

I have tired many times to find out the reason from the BOD, and both management companies. Generally there is no reply but the one reply from Seagrove was that they were not required to give the info. To me this smells.

Keep in mind that the BOD the unit owners elected early in the year resigned from the BOD. She was replaced by the unit owner that came in 2nd in the election. Don't know the reason for the resignation but it came shortly after the June 10th action was filed.

Also the BOD is composed of 2 of the developers of the complex, so really there is no say at all on how things are run by the actual owners. Sure we have 1 'elected' member but 1 person on a 3 person BOD can't accomplish anything if the other 2 are developers of the complex.

There is a considerable problem with unpaid quarterly assessments which some units are far behind and only last month did Seagrove finally file liens on 2 units who had missed 5 & 6 quarterly payments, that is up to 1 1/2 years of unpaid assessments and it was let go far to long before Seagrove finally got off their rear ends and did what they should have done after the 2nd missed quarterly payment. I have written asking to know how many other units are 2 or more payment behind and have received NO reply.

No one who now works there or has worked there has ever come up with information, there is something seriously wrong with the running of the complex when owners can't even get a reply to basic questions.

B Harris Unit 708

Further details may be found at:
http://nautiluscondosrules.blogspot.com
http://nautiluscovesuit2008.blogspot.com
http://mariottforeighemployees.blogspot.com - Wed Jul 2 2008, 08:12

I live in the Nautilus Cove Condo complex in Panama City Beach and I do not recommend anyone buying here (see: http://nautiluscondosrules.blogspot.com ) but the PC/PCB area is nice and the amount you have available to spend will get you a nice condo. When I looked I didn't seriously consider anything along Front Beach Road due to how tacky it is to have a expensive condo across the street from some T-shirt store. Yeah you might get a good view of the ocean but do you really want to live among all those little hole in the wall stores and the one lane in each direction traffic? Buy something a bit inland or one of the condos actually in PC itself. It is a good time to buy with the market in the toilet. Many sellers would be happy just to get their money out of their properties. I know here at Nautilus Cove the developer has about half his 168 units unsold and now he is renting them out and advertising the place as "Nautilus Cove Apartments". Very disappointing to spend 170k on a 3/2 CONDO and suddenly find out you are actually in a Rental community.

B Harris, unit 708 - Thu Jun 26 2008, 05:17

I live in the Nautilus Cove Condo complex in Panama City Beach and I do not recommend anyone buying here (see: http://nautiluscondosrules.blogspot.com ) but the PC/PCB area is nice and the amount you have available to spend will get you a nice condo. When I looked I didn't seriously consider anything along Front Beach Road due to how tacky it is to have a expensive condo across the street from some T-shirt store. Yeah you might get a good view of the ocean but do you really want to live among all those little hole in the wall stores and the one lane in each direction traffic? Buy something a bit inland or one of the condos actually in PC itself. It is a good time to buy with the market in the toilet. Many sellers would be happy just to get their money out of their properties. I know here at Nautilus Cove the developer has about half his 168 units unsold and now he is renting them out and advertising the place as "Nautilus Cove Apartments". Very disappointing to spend 170k on a 3/2 CONDO and suddenly find out you are actually in a Rental community.

B Harris, unit 708 - Thu Jun 26 2008, 05:15