Palm Coast, Florida: Top Three Most Expensive Condo Sales April 2011
Palm Coast and Flagler County, Florida closed 30 condo sales in April 2011. Only 2 of the condos sold in April 2011 was over $500K. As sellers become fatigued waiting for buyers to purchase their luxury condos, the prices fall. When the prices finally hit an attractive level, the buyers are coming in and purchasing, but at even deeper discounts than the last asking price as you will see in the just sold properties featured below.
Here are the top 3 most expensive Palm Coast Condo sales for the month of April 2011.
The following data is gathered from the Palm Coast, Flagler County MLS IDX and public records.
The Three Most Expensive Palm Coast Condo Sales
April 2011
85 AVENUE DE LA MER #901 Palm Coast, FL 32137
Hammock Dunes Condos~ This Oceanfront condo was offered at an original asking price of $1,725,000. and attracted a buyer willing to pay $850,000. Featuring 4 Bedrooms, 3.5 Bathrooms and 3345 living square feet. This property was on the market for an unusually log period of time….1536 days. The fact that the unit closed sale for 51% below the asking price is a testament to the fact that it was priced much higher than current market value and what any buyer was willing to pay. The current working tax assessed value on this condo for 2011 is $579,100. The previously recorded sale price for this Hammock Dunes condo in the public records was in 2006 for $1,450,000.00 Condos in Hammock Dunes as of April 2011 start at asking prices of $189,900.
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200 OCEAN CREST DRIVE #554 Palm Coast, FL 32137
Hammock Beach Condos ~ This just sold condo is located in the Oceanfront Hammock Beach community of Palm Coast on the Northern Peninsula.
The condo has 3 Bedrooms, 3.5 Bathrooms and 2588 living square feet.
On the Market for 576 days. It was originally priced at a whopping $850,000 it wasn’t until a price reduction down to an ask price of $660,000 did it become attractive to buyers. The final sales price was further discounted and the condo just closed sale for $610,000. The working tax assessed value for the condo in the Flagler County Tax Rolls for 2011 is $604,000.
Hammock Beach Condos as of April 2011 start at asking prices of $172,000.
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200 OCEAN CREST DRIVE #241 Palm Coast, FL 32137
Hammock Beach Condos ~ The third most expensive condo that sold in April was also in Hammock Beach
This condo featured 3 bedrooms, 3.5 bathrooms and 2246 living square feet. It was listed for $535,00 and was on the market for 211 days. The condo was built in 2007 and there was no previous recorded sale. The current working tax assessed value for 2011 is $481,000.
Hammock Beach Condos as of April 2011 start at asking prices of $172,000.
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