Ocean Palms Condo is continuing to perform exceptionally well with purchases. During the first 4 months of 2011 (January – April), 9 Units were purchased. Ocean Palms was built in 2006 and is a beautiful, DIRECT Oceanfront Luxury Condo on the Beach, located at 3101 S. Ocean Drive in Hollywood, Florida.
Recent Condo Purchases in Ocean Palms
|
Purchase Date |
Purchase Price |
Unit # |
Bedrooms & Baths |
Square Feet of Living Area |
| 4/12/11 | $1,200,000 | 3008 | 3/3.5 | 3,091 |
| 4/15/11 | $675,000 | 2306 | 3/3 | 2,115 |
| 1/21/11 | $657,500 | 2002 | 3/3.5 | 2,308 |
| 1/10/11 | $650,000 | 1002 | 3/3.5 | 2,308 |
| 1/14/11 | $640,000 | 1807 | 3/3.5 | 2,627 |
| 3/18/11 | $630,000 | 2501 | 3/3 | 2,308 |
| 3/31/11 | $570,000 | 505 | 3/3 | 2,115 |
| 1/27/11 | $450,000 | 504 | 2/2.5 | 1,733 |
| 2/22/11 | $400,000 | 1201 | 2/2.5 | 1,733 |
NOTE: All sales in Ocean Palms Condo are Resales. None of the Units are Developer Owned.
Of the 9 Units that were purchased, 3 were Short Sales and 1 was a Bank Owned Foreclosure.
Pending Sales in Ocean Palms
Currently, 8 Units are listed as being under pending contract for purchase (Buyers submitted Offers that were accepted for purchase of the Units).
Condos for Sale and for Rent in Ocean Palms
Of 240 total Units in the Building, only 9 are currently listed for sale and 9 are listed for Lease. 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 (29 Units sold in Ocean Palms Condo last year).
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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.
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