Ocean Palms Condo
Real Estate Market Report
During the first Quarter of 2012, 5 Units were purchased in Ocean Palms Condo. Additional details about the Units that sold are included below:
- Unit 3608: Purchased for $1,385,000 on February 21, 2012
- Unit 2706: Purchased for $885,000 on February 14, 2012
- Unit 807: Purchased for $820,000 on February 10, 2012
- Unit 1905: Purchased for $800,000 on February 13, 2012
- Unit 1106: Purchased for $650,000 on January 31, 2012
The Units range in size from 2,108 – 3,091 Square Feet of Living Area and the Floor Plans are Atlantic (08 Line), Bali (05 and 06 Line), and Aegean (07 Line). Of the Floor Plans at Ocean Palms Condo, the Atlantic is the largest.
Location, Views, Amenities, and more!
Direct Oceanfront location on the Beach in Hollywood, FL, private Elevator entry into each Residence, spacious Balconies, Floor-to-Ceiling Windows, Ocean, Intracoastal, and/or City views, great Amenities, and close proximity to Shops, Restaurants, Golf Courses, Miami, Ft. Lauderdale, and the Hollywood-Ft. Lauderdale International Airport make Ocean Palms Condo an excellent choice to consider for new Oceanfront Condos and Luxury Condos.
Condos for Sale and for Rent in Ocean Palms
Of 240 total Units in the Building, only 7 are on the Market for sale, so inventory is very low. An average/healthy number of listings for Sale in a Building or Community is considered to be ~10% of the total number of Units, which, in this case, would equal 24 Units for Sale. Because of a significant increase in the number of sales and the lack of new Listings to replace the ones that sold, Buyers in the current Market who are interested in East and Oceanfront properties are finding that Inventory is significantly lower than it used to be. 25 Units sold in Ocean Palms Condo in 2011.