Does anyone know anything about the Coconut Key Lane townhomes located in Delray Beach?

Asked by Coveman, Queens Village, Queens, NY Mon Nov 14, 2011

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Michael S Ge…, Agent, Stuart, FL
Thu Dec 26, 2013
Heres a list of all Coconut key homes for sale in Delray…
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Elizabeth Av…, Agent, Boca Raton, FL
Wed Nov 16, 2011
Coconut Key is a great community. There are townhouses with one or two car garage. It is very well maintain and quiet If you wish to see something in there, Please e mail or call me to show
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marc jablon,…, Agent, Boca Raton, FL
Mon Nov 14, 2011
Coconut Key is a towhhouse subdivision in Delray Beach that is located just south of Atlantic Avenue, and West of Militar Trail. Currently there are 4 Coconut Key townhouse units in short sale, ranging in asking price from $159,000 to $220,000. There are 68 total units in this group of Delray Beach townhouses.

There has been only one sale in Coconut Key within the last six months, which closed on October 27, for just under $135,000.

The townhouses in Coconut Key in Delray Beach, which were built in 2002, range in size from approximately 1299 square feet to 1689 square feet under air.

So, while these properties may have asking prices above $135,000, it may be difficutl to obtain a mortgage that allows for a higher sale price, just because of a lack of additional comparative pricing in the community.

If you're considering an offer on a townhouse in Coconut Key, talk with your mortgage broker, and ask your Delray Beach real estate agent to look into the prices of comparable properties that may have sold recently in the area.

Also, you may want to ask your Delray Beach realtor about additional townhomes in the area that may not be in short sale. Because if you're in a hurry to purchase, you should be aware that short sales often take a very long time.

Marc Jablon, The Jablon Team
Realty Associates
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Paul Saperst…, Agent, Boca Raton, FL
Mon Nov 14, 2011
What exactly do you want to know? Please call me to discuss.

Paul Saperstein
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Tom Priester, Agent, Tequesta, FL
Mon Nov 14, 2011

Nice little complex that was built in 2002 where short sales rule the roost. While there has been one sale of a 3 bedroom 2 1/2 bathroom layout with a one car garage at $134,900 that has been the only sale in the community over the past 12 months. There is another "traditional" sale under contract with the same floor plan and it was listed at $149,900.

Other than that we have 4 active short sale listings with list prices between $140,000 and $220,000 with three other short sales under contract waiting for bank approval. We do have a couple foreclosures on the horizon that may be the best buying opportunities we will see. If you would like me to notify you when these become available, or you would like to look into any of the current short sale opportunities please feel free to contact me at your convenience.

I hope this information is helpful but if you need anything additional please do not hesitate to give me a call.

Always at Your Service,

Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
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Jen Babacan, Agent, Fort Lauderdale, FL
Mon Nov 14, 2011
Yes I know about this complex. There are 4 townhouses listed for sale and they are all short sales, meaning the current owner owes more then it's worth. They range in price from $140,000-$220,000. Then the bank has to approve the sales price, which could take many months. It is odd that every one of these listings are upside down in value. In my experience, you may get a few in a complex, but for all to be listed as short sales are a bit unusual, but nothing surprises me these days! Feel free to contact me for additional info.
All the best,
Galleria International Realty
Cell (954) 648-7334
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