Ponce Inlet. DiMucci Towers Eight

Towers Seven is at 4621 South Atlantic Ave, Ponce Inlet, FL 32127.

This 40-unit condo building was built in 1999.

6 units are for sale on MLS as of November 23, 2007. Four units are 2 bedroom/2 bath. The price starts from $599,900 for a 2nd floor direct oceanfront unit with 1,672 sq. ft. living and to $649,956 for a seventh floor 1,600- sq. ft. direct oceanfront unit with top of the line designer furniture.

Two units are 3 bdr/ 3 baths for $749,900 and $894,350.

One Two bedroom/Two Baths unit sold in June 2007 for $575K, $100K less than asking price. Two 3 bdr/3baths units were sold in July 2006 for $835K and in April for $947.500.

There are 40 three-bedroom units for sale in condo buildings right on the Atlantic Ave. They start from  $439,900 for a 1,477 sq. ft. unit and to $1.3 Mil in Towers Seven for a 2,064 sq. ft.

Sales were sluggish. Only 10 three bedroom condominiums units in direct oceanfront condo buildings sold in 2007 ranging from $440K for a fully furnished unit in Towers Six with 2,065 sq. ft. living and to $870K (from $1 Mil asking) for a 2,406 sq. ft. 7th floor unit in Antigua.

Average sold pricefor 3 bdr units in direct oceanfront condo buildings in Ponce Inlet was $643,150. Average reduction in price (difference between asking and selling price) in 2007 for 3- bedroom units in direct oceanfront condo buildings in Ponce Inlet was 8.74%.

Looking for condominiums in Ponce Inlet or any other area? Call me 386-795-1982, visit http://www.atlanticcondos.com/, or send an e-mail to: olga@BeautifulFlorida.com