Took a peak at CondoFlip to see if someone is still turning on the lights there. Found this one - two years later, 46 of the 163 units looking for a buyer, at rates that nobody could ever cash flow by renting 'em out. Not to mention the $1000+ per month maintenance fee. Unreal.
Check out unit #3806 - $3.1 Million for 1306 square feet. Plus $40,000 a year maintenance fee. I don't think anyone is this dumb, are they?
Wonder what HUD will end up getting these for?
Developer: Setai Group, LLCArchitect: Alayo & Denniston InternationalBuilder: Skanska USAYear Built: 2004Number of Units: 163Number of Units Listed For Sale: 46Unit Sizes: From 847 to 5800 s.f.Sales Data as of 6/16/2006Lowest Available Price: $750,000Highest Available Price: $29,000,000