The Mortgage Man

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Archive for Perdido Key Condo Deals

Pensacola Real Estate Featured In USA Today

For those unfamiliar with the Pensacola area, it is a hidden gem nestled on the Emerald Coast in the Panhandle of Florida.  Half way between Mobile, AL and Destin, FL, Pensacola is a relatively quiet little town with some of the best real estate deals available in the state.

As featured in a recent USA Today article, this little slice of paradise that I call home has seen trouble from hurricanes and the economy, but remains strong in the face of adversity.  As we continue to locate a bottom in the housing market nationwide, the deals here are already jaw dropping, and gaining the attention of investors all over the country.

One project in particular that I have gotten many calls on lately is the Purple Parrot Condominium project on Perdido Key.  Perdido Key is about 15 miles southwest of downtown Pensacola.  Being an island, only connected to the mainland by bridges on either side, this tropical oasis makes you feel as though you are in the laid back lifestyle of a caribean island.

The Purple Parrot is unique in many ways, but what really turns heads is the price.  For less than $100,000, you can buy a 1 bedroom bungalow, walking distance from the beach, that is reminisant of Key West.  (For those familiar with Key West, you can not buy a walk in closet there for that price)

For information and pictures of units available, visit www.SteveOnTheKey.com to check out available listings.  Or, call me at 850-221-8334 for your mortgage related questions and to get pre-approved to purchase.

Pensacola Mortgage

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Perdido Key Condo Deals – Laplaya

Now is the time to get a steal on waterfront property.

Laplaya street view

Laplaya on Perdido Key is a beautiful 13 story condo located directly on the beach on Perdido Key, and there are units priced as low as $283 / square foot.  For those of you in different parts of the country, this may sound like a lot, but I assure you it is not.  To be under $300 / square foot is quite impressive for a luxury waterfront condo, and this is yet another example of the deals that can be had today as the result of a foreclosure.

One of the more distinguishing characteristics of Laplaya is the huge wrap around balcony.  It is hard to tell from the picture above, but the end unit balconies are some of the largest of any building in the area.  Laplaya with it’s sweeping views of the Gulf and first class amenities is a must see for any condo investor.

For a local real estate professional specializing in beach properties on Perdido Key, go to SteveOnTheKey.com.

Perdido Key Condo Deals – Windemere

Windemere Beachfront Condo for $288 / square foot.

Gulf View from the balcony of Windemere

There are some amazing deals on beach front real estate on Perdido Key, and here is an example of one that is currently listed.  At $329,000, this 1176 s.f. unit in Windemere (directly on the gulf on Perdido Key) is one of the lowest price per square foot units available on the market.

Located in a building built in 2004, this unit has 2 bedrooms, 2 full baths and a very spacious balcony that is so close to the water that you can smell the salt in the air.

For questions about financing availability, or to get more information on other deals available on Perdido Key, Contact Me directly and I will be happy to help.