I don't put many deals out on the blog but this is a belter. The best deal I've seen in Florida for a long time..
Waterside at Coquina Key
Rated 5 Star by Fannie Mae / Freddie Mac
Final Units: Purchase from just $25,000 down
Stunning resort with full aftersales service in place
Florida´s gulf coast is continuously rated as one of the most beautiful and desirable locations to live and vacation in the USA.
If pristine white beaches, stunning sunsets, abundant wildlife, a healthy outdoor lifestyle and world class cuisine and shopping sound appealing, then you´ll want to take a closer look at what we have on offer.
How about this for a view?
As you would expect, living by the water in Florida usually commands a hefty premium. We´ve visited dozens of beautiful waterside communities over the past few years, and while many were well built and picturesque, the asking prices just weren´t sufficiently competitive to get us excited.
A community called Waterside at Coquina Key has gotten us very excited though, so much so that we´ve recently completed on a purchase of a two bedroom town house there.
Final phase of available units
With prices reduced by up to 70% from peak rates (that´s right, 30 cents on the dollar), this is by far and away the best value waterfront community in the central Florida coast. I´ve seen comparable developments selling for twice the price of some of the units we have available!
We have been involved in this resort for some time now, and we have the bargaining power to get the developer to make a few additional concessions to sell off the remaining units.
Not only did we negotiate an additional 5% discount on the condo prices, we also managed to squeeze a huge (and tempory) 65% reduction in a selection of private boat slips (located right in front of each property).
Last week these boat slips cost $40,000 each, which is quite reasonable. For a limited time only, you can snap one up for just $15,000 - an outrageously good price and a very savvy investment in its own right.
There is simply no other comparable pricing on waterfront property available on the west coast of Florida. Waterside at Coquina Key is by far the best value for money.
You get a lot more than a keenly priced property
It isn´t just value for money that makes Waterside at Coquina Key unique. This is a place where you can enjoy watching dolphins swim from your private balcony, take your boat from your private dock for a leisurely evening cruise and watch the golden sunsets as the pelicans soar overhead. The facilities, including a yaght club, 3 swimming pools, sports bar, restaurant and 88 acres of professionally landscaped gardens and lakes are as good as you´ll find anywhere.
Based on an 'island' on the coast of St Petersburg, it consists of two villages: one in the north and the other in the south. Every single property is waterfront facing (see stunning image below) with a variety of canal, lake and bay views.
Aerial View - Waterside at Coquina Key
Waterside at Coquina Key Overview
Condos starting from $82,555 / €64,450 / £52,950 Every single home has a terrace or deck directly overlooking the water!70% mortgage finance available over 30 years. Resort amenities include 3 pools, yaght clubhouse, 24 hr gym, sports bar & playgrounds Very high quality concrete construction. Choice of four floor plans Zoned for both short and long term rentals = lots of flexibility. .Tenants already in place in many units. Full after-sales services available Net Rental yields in the region of 5% All homes have fully fitted kitchens, cable tv, air conditioning & secure parking.
One of the most luxurious resorts in the West Coast for 30 cents on the dollar.
Financials
As you´ll see from the tables below, this is a cash flow positive purchase priced for great medium term capital appreciation. You should bear in mind that this is a very special resort that is more a lifestyle than a pure investment purchase, which is why it doesn´t have the same net yields as some of our resorts in Central Florida.
Then again, it´s probably worth "sacrificing" a few points on your net yield to own a property in a location like this.
It´s also worth bearing in mind that there aren´t many developments these days which can generate enough income to cover mortgage repayments, insurance, HOA, property taxes and management fees. Waterside at Coquina Key is one of them.
Resort & Interior Images
Next Steps ...
For further information including brochure, floorplans, location map and the latest price/availability list, just please reply to this email.
OR download the full brochure here
As you might expect, availability is limited and sales are expected to be brisk...
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