In my previous post regarding "Handwriting on the Wall" I discussed the dramatic price reductions occurring that are becoming necessary to sell some properties. Today's blog is going to discuss what one smart developer is doing to avoid holding an inventory of over-priced and unsold properties sometime in the near future.
Atlantic Drive is a new neighborhood development being constructed just 750 feet from the Atlantic Ocean. These 2-story homes will each have a private entrance through a separate gated picket fenced yard. Each home will feature custom finished interior with 9-ft ceilings. Each home includes custom milled baseboards, crown moldings, exotic hardwood flooring, Thermador Professional Series kitchen appliances and Anderson doors & windows to create a light & airy expanse. The homes are designed to replicate the charm of Old Town Key West.
It sounds to me like these homes will have all the bells and whistles being offered by other developers in the Old Town area, but here's the rub: the developer is offering these 1950 square foot units at a pre-construction price of $1,295,000 or $666 per square foot. If you look back at some the other new properties currently being offered, you can see that this developer is not going to sit on his project. That my friends is a deal.
If you bould like more info on Atlantic Drive Townhomes, please call me at 1-305-766-2642.
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