Dear Grand Owner,
Recently sold properties in Wildwood Crest
205 E Newark Avenue 80x80 lot, 3 bedrooms / 3 bathrooms $437,000 sold date September 2009
208 E Newark Avenue 60x80 lot 3 bedrooms / 2 1/2 bathrooms $440,000 sold date August 2009
8801 Pacific Avenue 80x100 lot 6 bedrooms / 3 1/2 bathrooms $485,000 sold date October 2009
The Grand units start at $499,000 for a 2 bedroom / 2 bathroom condo with a $1500/month assocation fee. I have lived in this area my entire life and I can tell you there is no other place as luxurious as the Grand in Wildwood Crest. There is also no other place as expensive as the Grand in Wildwood Crest. If I had to guess I would say that the statement by "Grand Owner" is actually a realtor because why would you care to justify your recent purchase at the Grand. I have been reviewing the newspaper for the recent sales in Wildwood Crest and still feel that the Grand is still overvalued for the price compared to what you can buy a single family home for in Wildwood Crest (with no assocation fees). And when you want to compare the Grand in Wildwood Crest to other properties try Stone Harbor and Avalon. The taxes are cheaper in both of these communities and when you add in the $1500 assocation fees you could afford a beautiful single family home. People not only rent there homes in these two communities with Viking appliances, Subzero refrigerators, and high end finishes but the renters expect these amenities. The biggest problem with the Grand in Wildwood Crest is the "time old tale" never buy the nicest house on the block because there is no return on that investment.