The Plaza at Oceanside Pompano Beach Condo Market Update

Oceanside Pompano Beach Condo Sales

The Plaza at Oceanside Pompano Beach Condo

In my December, 2009 post, I discussed The Plaza at Oceanside Pompano Beach Condo’s purchase in a Bulk deal and price reductions that represent more than a 65% discount off of the highest purchase price previously.  The current price range of Units listed for sale is $400,000’s – $1,200,000.

Per Broward County Property Tax Records, a total of 54 of the 186 Units have been purchased from the previous and current Developer.  For 2010, 6 sales have been recorded in Tax Records so far.  Their purchase prices were as follows:

• $365,000
• $405,000
• $423,000
• $430,000
• $572,000
• $608,000

It is unfortunate that, despite significantly increased sales activity in the local market and price reductions in the Building, sales volume hasn’t increased dramatically.

On-site Sales Representatives indicated that additional Units are under Contract for purchase.  When additional sales close and are recorded in Tax Records, I will provide future updates.  It’s a beautiful Building with fabulous Amenities (40,000 sq ft of Ameniities include:  Tennis Courts, State of the Art Fitness Center, Spa with Saunas and Massage Treatment Room, Golf Simulator, Billiard and Games Room, Movie Screening Theater, Wine Tasting Room, Cigar Humidor, Media Center, News Cafe, Teen Lounge, Children’s Playroom).  It will be interesting to see how sales progress.

Related Information

• Pompano Beach Waterfront Condos
• Oceanside Pompano Beach Condo