Hemmingway Landings Sold and Comes Back to Market

Posted by Eric Miller on Friday, December 16th, 2011 at 9:03am.

Ft Lauderdale Real Estate Bulk Sale 

In a real estate market that is clearly heating up like the Fort Lauderdale Real Estate market you can expect to see things move and change rapidly as banks, buyers and sellers start to reach an understanding about values of Fort Lauderdale Real Estate, and agree to move on the few projects that have sat idle. Over the last six months numerous Fort Lauderdale Realtors including myself were called on by differeant investment groups to do an analysis of the value of Hemmingway Landings 19 remaining units.

Hemmingway Landings Ft Lauderdale Condo

hemmingway_front_512_01Hemmingway Landings consist of 21 Fort Lauderdale Waterfront Condominium Units in the Rio Vista neighborhood of Ft Lauderdale. The units feature views of the canal on 12th Street and Cordova Road, just north of Lauderdale Harbor as you approach Rio Vista. Each unit does come with a dock, which subject to verification we have been told will hold a 32'foot boat with a 12 foot beam. The finishing throughout the development are luxurious, including the waterfront community pool and covered parking. All units range from 2100 square feet to approximately 2300 sq. feet and with 19 of the units coming to maket there is a great assortment to select from.

Ft Lauderdale Condo Bulk Sale Price

The sale of Hemmingway Landings was to a Massachusetts based developer with a Delaware Corporation. At $10,000,000 which is the published sales price, estimates have the project being sold for approximately $228.00 per square foot. Based on the average size of Ft Lauderdale Condos in the complex, and remembering that certain units certainly deserve a premium, an easier caluculation is the average price paid per unit for the 19 units was $526,000.  view_512

Hemmingway Landings Rio Vista - Comes Back to Market

It has only been a matter of days since the closing of the bulk sale and units have already begun to reappear on the market. As the the unknowns hampering sales at this Fort Lauderdale Waterfront Condo have disappeard the value of its incredible location can now emerge. Planning a visit to Hemmingway Landings, calling Eric Miller as your buyers agent, someone who has reviewed the project for one of the potential investors and can help to give you true insights into the value of these units.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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