Sunday 05 September 2010
Aspen Woolf

A Metrowest Condominium

Snapshot

Location

Florida, USA

Description

Condominium

Prices From

$49,990

Deposit

10%

Introduction

The crash in the US property market has created an unprecedented opportunity to secure luxury, high end property at a fraction of peak selling prices. The window of opportunity is small. In most states, property prices have finally bottomed out and the market is starting to show signs of recovery. Nowhere is this more apparent than in the state of Florida.

Florida is widely regarded as the leading hotspot in the US for bargain hunters. In some areas, property prices are a staggering 66% below their peak selling prices, less than their actual build costs.

What makes the market the most interesting is the demand. Over 80 million visited Florida last year alone and the demand for both short and long term rentals is unrivalled. Many developments run on 100% occupancy with long waiting lists in place.

Aspen Woolf would like to present a time sensitive opportunity to purchase a limited number of heavily discounted bank owned stock with tenants already in place.

Details

A Metrowest Condominium – A community tucked away from the congestion yet minutes to the services and entertainment you desire, this is the home you’ve been longing for. Metrowest offers the perfect setting for the next chapter in your life.

The location provides easy access to all of the major highways including the I-4 and the Expressways and the Metrowest district offers numerous places to shop and entertain.

Here you’ll have it all: a prestigious location, an affordable price and the pleasures of a low-maintenance, yet active lifestyle. Metrowest features one and two bedroom floor plan options with space to play and room to grow.

Conveniently located near Orlando’s downtown and theme park districts, Metrowest is the perfect place to call home. With trouble-free access to major roadways, you’ll enjoy an easy commute to work. And the MetroWest neighbourhood offers all the shopping, dining and entertainment centres you’ll need to complete your already carefree lifestyle.

Metrowest is the ideal place to live your active lifestyle. Take a dip in our cool refreshing pool or soak up the Florida sun by working on your tan in a relaxing lounge chair poolside. Stay in shape with the racquetball court and fitness centre. Or if exercising isn’t your thing enjoy a leisurely stroll around the lake. Whatever your desire the amenities are right outside your doorstep.

Metrowest Condominium was newly renovated in 2005. The project was then launched in phases in an extremely buoyant market. Most units were snapped up quickly in the space of 18 months. The global downturn then caused the market to come to a standstill. Faced with tough market conditions and outstanding loans, the bank decided to take the available units back from the developer. The FDIC (Federal Bank) is now the vendor. They have reduced prices over $150,000 USD from their peak selling prices. They are also currently selling at $10,000 – $15,000 USD under private sales in the same project. That’s immediate equity for all investors. In a bid to stabilise the market (avoid flipping) they will not allow buyers to purchase more than 10 units.

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