Highly Motivated Seller of Two Latitude on the River 2 bedroom/2.5 Bath Condos – $395,000!!!
September 13, 2007 by Lucas Lechuga
The owner of two condos at Latitude on the River contacted me earlier this week. He is highly motivated to sell both of his 2 bedroom/2.5 bath condos and is willing to consider all reasonable offers. He has already closed on both of these B12 units and is willing to accept a loss on each of them.
One of the condos is located on the 17th floor while the other is located on the 20th floor. He went into contract on both of these units in Summer of 2005 but paid the original prices that were offered when sales were initially launched. The contract price on the condo located on the 17th floor was $455,000 while the one on the 20th floor was $461,000. His closing costs were approximately $10,000 for each unit. The slideshow below will show some pictures that I took of the unit on the 17th floor.
The unit on the 17th floor is listed at $459,000 which currently offers the best price per square foot of all 2 bedroom condos at Latitude on the River. There's a two bedroom listed on the MLS for less but the square footage is inaccurate. The listing agent of that unit decided to include the terrace space as well. The interior space of that condo is actually only 1,179 square feet.
The amenities at Latitude on the River are highly impressive and is a huge selling point for this building. It has some of the best amenities that I've seen of the newer condo developments. At this price point, I haven't seen any that match the quality of amenities that can be found at Latitude on the River. The lobby, landscaping and water features of the building are quite impressive as well.
The amenities at Latitude on the River include the following:
- Concierge/24-hour security
- Valet parking
- Secured garage
- Infinity-edge swimming pool
- Whirlpool/spa
- Poolside bar with sports media wall
- 16-seat movie theater room
- Billiard/party room with kitchen
- 2-story state-of-the-art fitness center and yoga room
- 4 high-speed elevators
If you're in the market to buy a 2 bedroom/2.5 bath at Latitude on the River then this is your chance to score a great deal. Contact me today if you'd like to submit an offer on one or both of these condos.
Both of the units come decorator-ready with concrete floors. The following slideshow will show you a few pictures of a fully decorated unit so you can see what one of these can look like.
Update: This condo closed on December 27, 2008 for $546,000.
Unless your buyer is prepared to take a huge loss there’s no way these units are selling. The “actual” worth of units in this building is about $250 per square foot which prices these units at about 300K. Good luck.
Agreed. I live next to this building and it seems to have serious problems. Closings have been going on for a while, and it’s still completely empty. In fact, the only lights on at night are those is empty units where someone forgot to turn them off.
Amenities are great on paper, but make sure you check out the pool. It gets sun for a maximum of 2 hours/day due to the contruction of a new (and completely empty) office building next door.
I am not impressed by those pictures or the building. It was a bad investment for the buyer.
but keep up the excellent work with this page. it is the best blog I have seen on Miami
Looking for a real good deal. 2bed 2.5 bath don’t want to spend more than 300k. Can I get something like this in Brickell through you. Are bank owned good deals at this time. Please give me your opinion.