This unit and the now infamous Acqua Vista is listed for $100,000 below the last sale price and $11,000 less than the first developer price.
Type: Listed on MLS(#076034265)
List Price: $400,000
(Range priced $400,000 to $400,000)
Cost: $500,000
Loss@6% Sales Expenses: $124,000
Loss%: 24.80%
Purchase Date: 08/30/2005
Holding Period: 20 months and counting...
Bedrooms: 2
Bathrooms: 1
Square Feet: 874
Purchase Details: view
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"Now infamous" Acqua Vista--- You have that right. Who will want to buy in this building, given all the problems? Now, the prices will have to drop to the point where the units are break-even cash flow for rentals. Maybe lower if there is a problem with the Homeowners Association finances due to nonpayment of HOA fees. Who will buy a unit for 100,000s more at Treo, if nearby Acqua Vista is in meltdown? And so the May meltdown begins.
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