Towers Seven is at 4651 South Atlantic Ave, Ponce Inlet, FL 32127.
This 40-unit condo building was built in 1998.
6 units are for sale on MLS as of November 23, 2007. All units are 3 bedroom/3 bath. The price starts from $739K for a 2nd floor direct oceanfront unit with 2,165 sq. ft. living and to $1,300,000 for a first floor south-east corner 2,064 sq. ft. former developer's unit with 800 sf fully enclosed garage.
No units sold in 2007, one unit was sold in June 2006 for $808,500.
In todays market the units are overpriced. It is unlikely that at these prices we would see any sales in the nearest future. 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 www.AtlanticCondos.com, or send an e-mail to: olga@BeautifulFlorida.com
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