There are 14 units for sale in this centrally located oceanfront condo-hotel. Comparing it to other condo-hotel, it does pretty well. The resort is in good shape both physically and financially.
Surprisingly they are doing even better than some condo-hotels, that used to be a level or two better and had better clientele. Fountain beach Resort moved up and some of their competitors went down.
It is a tricky business, and making predictions here is nearly impossible. In the time I am involved with condo-hotels some have risen out of the ashes (sounds better than if I said from the dirt :), and some have went down the hill.
Of course, when you are doing well, it reflects on the prices. The lowest price in Fountain Beach Resort is $51,999. 8 units out of 14 are under $60K. There are also 2 one-bedroom units starting from $79,900.
5 units so far sold in 2016. There were 10 units sold last year. Sounds like the market is still pacing itself. Compare it to very low prices of units sold in 2014, but there were 17 sales. Yep, when you see units selling in the $20s, this is not really surprising.
Anyway, Fountain Beach Resort is doing fine. No, they are not a really classy high end place, but they are a strong and well-performing modest condo-hotel. Well located, clean and stably run.
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