There are currently 11 units for sale in San Paulo Village in West Melbourne. They range in price from $75,000 to $112,000 according to the Melbourne Area Board of Realtors Multiple Listing Service. There is one 1 bed, 1 bath for sale and asking price is $83,900.
There are only 2 properties that have sold in the complex since November 2007. Both sold for $67,500, 1080 sq ft, 1030 sq ft of living, sold 02022008 and 01312008.
Have you personally seen the unit? What is the condition of the unit? Is it move in ready? Does it need updating and repairs? Is it a ground floor unit, or 2nd floor? Is there a view of the courtyard and the pool? Are you buying it as a rental property or vacation home? Will it be vacant a portion of the year? Or will you live in it? How long do you plan on owning it? Or are you looking to resell it? Why a 1/1?
Although our property values increased in Brevard County over the past 5 years by over 180%, it has since been declining and we, as are many other parts of the country, are going through a market correction. Our prices are declining as more properties drop into foreclosure.
My mother in law currently lives in San Paulo Village and has for over 5 years. She has a ground floor unit overlooking one of the swimming pools.
I am sending you a link to the Melbourne Area Board of Realtors Multiple Listing Website so that you can take a look at what is for sale and what has sold in San Paulo Village.
Best of luck to you,
Sandy Shores, Realtor
M & M Real Estate, Inc.
Residential & Investment Property
2851 NE Palm Bay Road
Palm Bay (Melbourne Area), FL 32905
I Also Buy, Sell, Own, Rent & Manage Investment Property