Flamingo South Beach 2 Bedroom Direct Bay $340,000 – Miami Beach Pre-Foreclosure
Just one hour a ago, a 2 Bedroom Two Bath Pre-Foreclosure Short Sale was reduced by 50%. This is now the deal to beat and the lowest 2-Bedroom ever listed at the Flamingo South Beach condominiums. This unit is located just two blocks from Lincoln Road on 1500 Bay Road in the Flamingo Condos South Tower. According to the listing agent 10% escrow deposit required.
The Flamingo South Beach Two Bedroom over looks the Biscayne Bay and Pool from the Fourth Floor. This astounding Direct bay view can easily be enjoyed over a few mojitios from the attached Balcony. VIEW LISTING DETAILS
My prediction is that this unit will sell by the end of this week at or above $350,000. For sales information, contact Juan Leal at (305) 975-7472. If you enjoyed this post, please subscribe to my RSS feed!
So Juan, do you think we have reached a bottom yet?!
“Sales of existing homes in the U.S. climbed for the first time in February as buyers took advantage of falling prices. Existing-home sales rose to…a 2.9% increase from January” the National Association of Realtors said.
I believe these numbers are firming up and foreclosures, which are fewer on the beach than the rest of Miami, are snapped up within days of being on the market. If buyers want to catch the bottom on Miami Beach and for waterfront properties, negotiating your best price and then buying before the end of 2008 is how.