There has been a lot of sales activity at the 1800 Atlantic Condominiums over the past couple of months. Several units have either sold or are in the contingent or pending stage and are awaiting final closing.
And a few new units have also been added to the roster of units available including an a very attractive transient unit with great ocean views. Located one unit from the ocean front it has many custom features including an entire living room wall with built-in cabinets, book cases and custom window treatments on all 3 sets of sliding glass doors. There are terra cotta tile floors throughout except for the bedrooms and baths. This home shows extremely well. CLICK HERE. Priced to sell at $629,000 or $464 per sq ft.
The number of units available today is 17 or about 10% of the total number of units at 1800 Atlantic. CLICK HERE to checkout the 17 units now available. They range in price from $398,500 to $1,590,000. (The photos show the view from the unit priced at $1,590,000.) A couple are ugly ducks and more than a few are magical vacation homes with incredible ocean views. I think as tourist season starts to wind down we may see some more aggressive price reductions by sellers or we may see sellers more willing to consider low bid offers--not just at 1800 Atlantic but pretty much across the board in Key West.
I think there are deals to be made. My suggestion is that you obtain pre-approval from a local bank (or your hometown bank that will lend out of state) or come with cash in hand and make your best offer. If you want to get an offer accepted, don't complicate it by having lots of contingencies. Offer cash or the next best thing--pre-approved financing. Be willing to close within 15 to 20 days. Limit your contingencies to home inspection, survey (if necessary), and clean title. Be willing to either split the title insurance or better yet offer to pay for title. That way the seller may think a little better about your offer.
Want to look at any of these units? Call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com.
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