Q Club Condo Hotel suite Fort Lauderdale Beach
After nearly 2 years of negotiating a short sale with the lender, approval was finally granted to close on this hotel suite at the Q Club Condo Hotel on Fort Lauderdale Beach.
Boasting impressive views of the Atlantic Ocean from this high floor southeast corner suite totaling approximately 584 square feet, The Q Club Condo Hotel affiliated with Hilton Hotels, offers residents and guests resort living with 4-star amenities and just steps to the sand.
Beach across from Q Club Condo Hotel in Fort Lauderdale
Originally purchased from the developer in 2007 at $352,000, this suite recently closed at $185,000 (53% discount).
For more information about this property and other Fort Lauderdale Beach Condos for sale, contact me today at 954.850.2397.
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Avenue Lofts condo
Clients of mine patiently waiting for this Short Sale to be approved finally closed on this fabulous 2,200+ square foot loft condo at Avenue Lofts in Fort Lauderdale.
Originally purchased in 2006 at $495,900 from the developer, this property closed recently at $274,000 (Discounted 55%).
Avenue Lofts is located near downtown Fort Lauderdale and offers a manufactured version of loft apartments famous and sought after in other cities across the country with high ceilings, exposed duct work, open floor plan and concrete block walls.
For more information about this property and other Fort Lauderdale Condos for sale, contact me today at 954.850.2397.
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Clients of mine took advantage of a remarkable opportunity and purchased this 2 bedroom/2 bath oceanfront condo at Sky Harbour East condominium.
Ocean view from Sky Harbour East Condo
Sky Harbor is situated directly on the bank of Port Everglades with expansive ocean and city views and a daily parade of boats, yachts and cruise ships entering and leaving the Fort Lauderdale harbor.
Listed at $399,000 with Lago Mar Realty, this condo closed at the end of December for $375,000.
For more information about this property or other Fort Lauderdale Condos for sale, contact me today at 954.850.2397.
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Avenue Lofts Closed Sale (johnsabia.com)
Q Club Condo-Hotel Closed Sale (johnsabia.com)
Clients of mine recently purchased this 3 bedroom condo at Sky Harbour East Condo located in the Harbor Beach area of Fort Lauderdale.
This spacious condo was remodeled and boasts approximately 1,904 square feet of living space with a 30 foot long terrace maximizing stunning views of beach, surf and city views.
Originally listed at $449,000, the Closed Sales Price was $390,000.
Sky Harbour sits along the Port Everglades inlet where one can watch a daily parade of boats of all sizes including cruse ships enter and leave Fort Lauderdale.
Sky Harbour Condo offers residents enjoy luxurious amenities including pool overlooking the inlet, posh club rooms, fitness center and security.
For more information about this property or other Fort Lauderdale condos for sale, please contact me today at 954-850-2397.
View Fort Lauderdale MLS available property listings for sale including homes, condos and townhomes.
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The BankUnited Blacklist: What it Means for Buyers, Builders, and Lenders
Much of the talk around the real estate water coolers the last few days has been about the BankUnited Blacklist. Most lenders have short lists of areas or properties that they will not lend to based on the merit of construction loans, the market, and other factors. But, the reason that the BankUnited lists stands out to most in the real estate world is because of its length. The exact number of properties on the list? 191. Two condos on the list are right here in Fort Lauderdale.
Buyers that are considering buying units in Nu River Landing, Q-Club Condo Hotel, or 189 other buildings mostly in Miami, shouldn’t turn to BankUnited for financial help as these are properties that have been black listed. The list was from an internal memo and its length surprised even the most seasoned real estate professionals.
Experts claim that the biggest factor in creating such a list would be declining market value as well as high investor concentration. The lender also had to look at things such as foreclosure rates, delinquent homeowner association dues, and structural based litigation. These are considerations that lenders have to make every time they lend, and with the market like it is right now BankUnited felt that this was the appropriate way to respond.
A spokesperson said of the list and the current market value of condos, “We look at it more from our level of risk, and we are extremely conservative in our lending guidelines. We scaled back on condo lending a few years ago. We don’t have a lot of exposure in the condo market.â€
The fact is that many lenders are hesitant to lend to condo projects and that is because there is some question about the real value of a condo with sales so slow and many buyers backing out of contracts. And when a lender cannot determine the value of a property it is hard to set a loan to value ratio, therefore difficult to lend to anyone including those with good credit, with confidence. While BankUnited is the only lender that is known to have a list this long, it’s a safe bet that some other lenders are considering whether or not they should be lending to condo projects, and if they do, they’ll likely be doing away with presales altogether. Of course, doing away with presales may affect construction loans, so we may very well see a slowing trend not only in the buying of condos but also in the building of them.
Blacklisted Condos
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Nu River Landing
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Ft Lauderdale
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Q-Club Condo Hotel (Resort)
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Ft Lauderdale
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50 Biscayne
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Miami
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600 Biscayne
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Miami
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1650 Biscayne
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Miami
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900 Biscayne Bay
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Miami
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500 Brickell
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Miami
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1390 Brickell Key
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Miami
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1001 Center
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Miami
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1600 Club
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Miami
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Altas de Miami
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Miami
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Asia
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Miami
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Atlantis Condo
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Miami
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Avenue
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Miami
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|
Axis on Brickell
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Miami
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Bay Lofts
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Miami
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Bayshore Place
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Miami
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|
Beacon
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Miami
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|
Belle Plaza Efficiency
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Miami
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|
Biscayne Tower
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Miami
|
|
Blue
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Miami
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|
Boulevard Condos
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Miami
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|
Brickell Bay club
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Miami
|
|
Brickell Bay Tower
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Miami
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|
Brickell Biscayne
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Miami
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|
Brickell City Center
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Miami
|
|
Brickell Commons
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Miami
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|
Brickell East
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Miami
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|
Brickell Forest
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Miami
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|
Brickell Harbour
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Miami
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|
Brickell Key
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Miami
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|
Brickell Key I
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Miami
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|
Brickell Mar
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Miami
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|
Brickell On the River
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Miami
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|
Brickell Park
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Miami
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|
Brickell Place
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Miami
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|
Brickell Station
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Miami
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|
Brickell Tennis Club
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Miami
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|
Brickell Townhouse
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Miami
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|
Brickell View
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Miami
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|
Brickell Vista
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Miami
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|
Brickell Tower
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Miami
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|
Capital at Brickell
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Miami
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Captiva F
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Miami
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Carboneil
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Miami
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|
Cima Condo
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Miami
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|
Cite
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Miami
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|
City 24
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Miami
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Club at Brickell
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Miami
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Commodore Bay
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Miami
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Coral Station in Brickell
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Miami
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Costa Bella
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Miami
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|
Courts Brickell Key
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Miami
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|
Courvosier Courts
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Miami
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|
Cynergi
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Miami
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|
Downtown Lofts 4
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Miami
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|
Elliot house
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Miami
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Emerald at Brickell
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Miami
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|
Empire Towers
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Miami
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|
Epic-Dupont
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Miami
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|
Espirito Santo Plaza
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Miami
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Everglades on the Bay
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Miami
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|
Filling Station Lofts
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Miami
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|
Flagler First Condo
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Miami
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|
Fortune House
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Miami
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Four Ambassadors 1
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Miami
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Four Ambassadors 2
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Miami
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Four Ambassadors 3
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Miami
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|
Four Ambassadors 4
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Miami
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Four Seasons Hotel & Tower
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Miami
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Golden Bay Club
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Miami
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|
Houses of Brickell
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Miami
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Ice
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Miami
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|
Ice 2
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Miami
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|
Icon
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Miami
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Imperial
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Miami
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Infinity at Brickell
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Miami
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|
IOS on the Bay
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Miami
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Ivy
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Miami
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Jade Residences at Brickell
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Miami
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Kenland Bend South
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Miami
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Lake Beach Condo
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Miami
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Lakewood Village
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Miami
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|
Latitude on the River
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Miami
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Loft
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Miami
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Loft II
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Miami
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|
Lofts on Brickell1
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Miami
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|
Lofts on Brickell 2
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Miami
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Los Suenos de Brickell
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Miami
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|
Lighte Miami Condos
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Miami
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|
Lnyx
|
Miami
|
|
Marina Blue
|
Miami
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|
Mark
|
Miami
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|
Marquis Miami
|
Miami
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Mary Vrickell Village
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Miami
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|
Mayfield
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Miami
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Meridan at Hughes Center Condo
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Miami
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|
Met 1
|
Miami
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|
Met 2
|
Miami
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|
Met 3
|
Miami
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|
Metropolitan
|
Miami
|
|
Midtown Miami
|
Miami
|
|
Mint at Riverfront
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Miami
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Neo River Lofts
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Miami
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|
Neo Vertica
|
Miami
|
|
Oasis on the Bay
|
Miami
|
|
One Broadway
|
Miami
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|
One Miami
|
Miami
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One Miami West
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Miami
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One Plaza
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Miami
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One Riverview Square
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Miami
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|
One Tequest Point
|
Miami
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|
Onyz 2
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Miami
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Opera Tower
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Miami
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|
Overtown Miami
|
Miami
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|
Palace
|
Miami
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Paramount on the Bay
|
Miami
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Paramount Park
|
Miami
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Parc Lofts
|
Miami
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|
Platinum
|
Miami
|
|
Plaza on Brickell
|
Miami
|
|
Point at Brickell
|
Miami
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Point View
|
Miami
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Pompeii
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Miami
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|
Premiere Towers
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Miami
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Provincial Garens
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Miami
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Pyramids of Key Biscayne
|
Miami
|
|
Quantum on the Bay
|
Miami
|
|
River Breeze
|
Miami
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River House Lofts
|
Miami
|
|
River Oaks
|
Miami
|
|
Riverfront
|
Miami
|
|
Riverfront Wind
|
Mami
|
|
Sail
|
Miami
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|
Sail Boat Cay
|
Miami
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Samari Lake East
|
Miami
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|
Seacoast Towers
|
Miami
|
|
Skyline Mary Brickell Village
|
Miami
|
|
Skyline on Brickell
|
Miami
|
|
SMA
|
Miami
|
|
Soleil Miami
|
Miami
|
|
Solaris Brickell Bay
|
Miami
|
|
South Miami Ave condo
|
Miami
|
|
Summit Brickell
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Miami
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Star Lofts
|
Miami
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|
Sunset Harbour
|
Miami
|
|
Ten Museum Park
|
Miami
|
|
The Carriage House
|
Miami
|
|
The Jade Condominium
|
Miami
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The Mark on Brickell Bay
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Miami
|
|
The Palace Condominium
|
Miami
|
|
The Village of Kings Creek
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|
|
Three Tequesta Point
|
Miami
|
|
Two Tequesta Point
|
Miami
|
|
Uptown Lofts
|
Miami
|
|
Vanderbilt Gulfsid
|
|
|
Villa Brickell
|
Miami
|
|
Villa Magna
|
Miami
|
|
Villa Regina
|
Miami
|
|
Village at Hawk’s Cay
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|
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Vue at Brickell
|
Miami
|
|
Wind by Neo
|
Miami
|
|
Yorker
|
Miami
|
|
Allure
|
Las Vegas
|
|
District in Green Valley
|
Las Vegas
|
|
Manhattan Condos
|
Las Vegas
|
|
Mirage Condominium
|
Las Vegas
|
|
Newport Lofts
|
Las Vegas
|
|
One Queensridge Place
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Las Vegas
|
|
Panorama Towers
|
Las Vegas
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|
Park Avenue Condo
|
Las Vegas
|
|
Regency Towers
|
Las Vegas
|
|
Skyline Las Vegas
|
Las Vegas
|
|
Soho Lofts
|
Las Vegas
|
|
Turberry Place
|
Las Vegas
|
|
Tunberry Towers
|
Las Vegas
|
|
Carriage Hills
|
Hollywood
|
|
Sian Ocean Residence
|
Hollywood
|
|
Delray Estate Condominium
|
Delray Beach
|
|
The Resort at Singer Island
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Riviera Beach
|
|
Venetian Bay Villages condo
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Kissimmee
|
|
Villagio Condo in Port Orange
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Port Orange
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