Pompano Beach Waterfront Foreclosure with Dockage| Aqua Lofts

Aqua Lofts–Pompano Beach Waterfront Foreclosures with Dockage

Aqua Lofts Waterfront Townhouses

Located in Pompano Beach near the Intracoastal Waterway, within walking distance of the Beach (only .4 miles from the Atlantic Ocean and Beach), Aqua Lofts is a Community of 15 Townhouses built in 2007. The Single Family Home Community across from Aqua Lofts is Harbor Village. Aqua Lofts is 1/2 Block from the ever popular Houston’s Waterfront Restaurant on the Intracoastal in Pompano Beach, 1 Block from Publix Supermarket, and conveniently close to other Shopping, Restaurants, Banks, etc.

Pompano Beach is located in Broward County and is adjacent to the Northeast end of Ft. Lauderdale.

After Aqua Lofts’ Construction was completed, only 2 of the Townhouses were purchased in 2007. Their purchase prices were $1,175,000 and $1,355,000 and both are Owner occupied and not in Foreclosure. As time passed and market conditions changed, the List prices were never reduced significantly, fewer Buyers were in the market, and the remaining 13 Townhouses were never sold. Fast forward to 2009. The 13 remaining Townhouses became Bank owned Properties and were listed for sale in September of 2009.

Since being listed for sale, one Townhouse was purchased for $750,000 by a Cash Buyer (October, 2009) and an additional one is under Contract for purchase as of December 1, 2009.

Click here to view active listings of Aqua Lofts Townhouses for Sale.

Property Features:

Each Townhouse has a Private 2-Car Garage
Except for 1 Townhouse, each one has an assigned Boat Slip (size ~35′)
Located on an Ocean access Canal without Fixed Bridges very close to the Intracoastal
8 Townhouses facing the Canal and 7 facing the Street
Each Townhouse has Stairs and an Elevator* inside
There are 3 Stories inside and a Rooftop Terrace
Installation of a small Pool or Spa is allowed on the Rooftop Terrace
Beautiful Intracoastal views from the Townhouses that face the Canal and from the S.E. Corner Unit on the Street side
2 Floor Plans are available. They are very spacious and offer 4,509 Square Feet and 4,672 Square Feet
The Townhouses have 3 Bedrooms and 3.5 Baths
Fenced front Yards for each of the Townhouses on the Canal side
Near Ft. Lauderdale so could even be a good fit if you’re searching for Ft. Lauderdale Waterfront Townhouses

The list prices for the remaining Townhouses are $478,788 – $568,788 for the Townhouses on the Street side of the Building and $768,788 – $848,788 for the Townhouses on the Canal side of the Building. The lowest priced Townhouse is the one without a Boat slip.

*NOTE: Of the Units currently available for sale, the Model (which is Finished and fully Furnished), is the only remaining one that has a finished interior. The other 2 that have finished interiors are the one that sold in October and the one that’s currently under Contract for purchase. The list prices INCLUDE an estimated $85,000 to complete finishing of the interiors (arrangements have been made with Vendors to complete the interiors PRIOR to closing of the sales). Interior completion will include installation of Flooring, Kitchen Cabinets and Appliances, Kitchen and Bath Counters, Bath Wall Tiles, Elevator, and Stairs landings (the Staircases are already installed). Buyers will be able to select from various types of Flooring.

For Buyers who are interested in Financing their purchase, special Financing has been arranged through BB&T Bank. Without the Financing that has been arranged, the Townhouses would not otherwise qualify for financing as they don’t meet the criteria for financing through Conventional Fannie Mae backed Loans.

I have shown the Townhouses to several interested Buyers and love the location and other property features. In our local market, we have very limited inventory of Waterfront Townhouses with Dockage and few Waterfront Townhouses were ever built, so the availability and below market prices for Aqua Lofts is unique in the current market and represents a fantastic Buying opportunity. While viewing the property, I shot pictures (see below).

The beautifully finished and Furnished Model, decorated by Steven G Interiors and priced at $668,788 would be a great choice if you like its’ appearance and don’t require water views from your Townhouse.

Contact me for additional information about Aqua Lofts or if you would like to schedule an appointment to tour the property. View Aqua Lofts Listings.

Related Information: