I've shown a number of listings in Las Palmas over the past year. As someone else said, this was a condo conversion from an apartment complex back in 2005, so units were all sold at that time at the height of the real estate boom here. Many buyers, including investors, bought with 100% financing, so that when the boom went bust, they found themselves upside down. Some walked away and let the units go into foreclosure, others have been doing short sales.
Las Palmas has had a high number of unit owners delinquent on the condo fees over the past few years, although that number has been shrinking as many of the units have sold as short sales or via REO/bank sales. Before writing an offer, I would ask to see both the 2012 and 2013 budgets and suggst paying special attention to the information regarding reserves for maintenance items.
As to amenities, Las Palmas has a beautiful clubhouse and main pool/pool area, a 2nd smaller pool in the back of the community and several small playgrounds. It's a nice location off Honore just south of University Parkway and very near the location of the new mall being built.
If you'd like to contact me, I can fill you in on my other observations regarding Las Palmas.
Diane Christner, Realtor, GRI, SFR
Realty Executives Solutions