This is a First for the Condo Conversion World
By Morris Massre, Real Estate Instructor Broward County Florida
If this isn't a remarkable view and condo I don't know what is. For years condo conversions were all the rage in South Florida and literally sold out within days for truly ridiculous prices. Now, those same condos are mostly in default. Ahhh, but not this one. Tao condos of Sawgrass in Sunrise, Florida is the first I have seen at least, that is going from new construction sales back to rentals only. This happened because buyers simply were not snapping them up and the builder's timing couldn't be any worse to sell new condos. But it's okay because eventually these will come back with a force worth reckoning with partly because of the location and partly because of it's beauty. Usually, these types of buildings are found on the coast or South Beach, but this is different. It's ...
Comments
0