Singer Island experts:

Asked by John Harris, Manalapan, NJ Mon Dec 6, 2010

Is it worth hanging on to a condo in the Tiara? Most everyone knows the history of this building and at this point I would like an honest, (gut) assessment of how this building will fare over the next couple of years. How will the 2700 Ocean bulk sale and Ritz Carlton disussions impact the Tiara?

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Chris Heine, Agent, Royal Palm Beach, FL
Sat Dec 8, 2012
John,

My father had a few units in the Tiara and has since sold them. It really depends what you have invested in these units and what you can expect as a return on your money in other areas right now. If you are able to hold the units until the new construction and new deals in the area are finalized then you may be able to profit if you are invested at the right price. There is only so much left on Singer Island. If you feel you can have the liquid money work for you in other real estate deals in the near future it may be worth getting out of these long term deals. Contact me with any questions, 561-718-7578
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