This week I toured the newest condominium in Pompano Beach, FL, Oceanside.  It was developed by WCI Communities and is located at the corner of Altlantic Blvd. and N. Ocean Blvd (A1A), on the site of a former shopping plaza.  It is an 18 story building just one block from the beach and intracoastal waterway.

The original plans called for three buildings.  The other two were to be on the site of the former Holiday Inn, on the east side of A1A that was torn down.  Due to the current market conditions the other two towers are on hold indefinately. The bulding was given its certificate of occupany in April of this year and is currently 25% sold. They are closing about one a week.

The floorplans are quite large, starting from 1400 square feet to more than 4500 square feet.  There are eight penthouses and seven unique two-story lofts homes. They are designer ready with Viking Brand appliances , marble baths and granite countertops. The units all have hurricane rated glass and are incredibly quiet. I couldn't hear any traffic noise from anywhere I stood. All the units have seperate laundry rooms with full size washer and dryers. Its also a pet friendly building that allows for one pet with no size restrictions.

 It has cover parking in the two story parking garage.  There is some retail space on the first that is still not occupied althought there could eventually be a restaurant and beauty salon.

The amenities are really impressive, spanning the entire fouth floor.  The amenities include a theatre, sports lounge, resort style pool, two tennis courts, a cafe,  wine room, and my favorite, a Virtual Reality Golf Simulator that allows you to play just about any golf course in the world, like St. Andrews, Pebble Beach or Augusta. There are also function rooms for private parties, and a billiard room.

What really impressed me was the new prices they are currently offering.  Prior to the current market problems the entry level units started at $870,000.  Now they are being sold for only $420,000.  A 52% reduction!  The penthouse units that were priced from $2,000,000 to 4,000,000 have been reduced 15 to 60% depending on the location.  As an added incentive they are offering interest rate buy downs until Dec 15, 2008.  5/1 ARMs are 3.875% and 30 year Fixed rate mortgages for 4.875%.

If you are in the area and would like me to arrange a tour for you contact me at 954-895-2431, I think you will be as impressed as I was.

             

Tom Day, Remax in Motion

www.TomDayProperties.com