[Update: Sold for $790,000]
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You all had your chance to nab this amazing condo in the heart of South Beach when I first signed the listing and shared it as a pocket listing. Now it’s on the MLS, and I’m claiming it’s the nicest unit currently for sale in the building (Towers at Embarcadero South). True, that is my opinion, and this is my listing, but I consider myself to have good taste.
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The unit itself is loft style, 1293 square feet, updated (modern) kitchen, two bedrooms, two baths (both updated), bonus room perfect for office or extra storage, street entrance with southeast facing patio, BBQ Area, Club Room, Exercise Course, Gym, Roof Deck, Spa/Hot Tub, and so much more. It is truly a unique property in arguably one of the city’s best locations.
Price is set at $799,000. HOA dues are $839/month, and include: High Speed Wireless Internet, 24 Hour Doorman, Garbage, Grounds Maintenance, Homeowners Insurance, Outside Management, Security Service, Water, BBQ Area, Club Room, Exercise Course, Gym, Roof Deck, Spa/Hot Tub use.
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Don’t miss your chance to get yourself or your friends into this property and live the South Beach life!
[UPDATE: Property is in contract.]
–88 King Street, Unit 106, 2 bed, 2 bath, 1 pk, $799,000 [MLS]
How did the sale go Adam?
You mean Alex? That mistake is common. ;-)
It went well. A few nail-biting moments. I suppose I should update this post. It has sold for $790,000, and it sold relatively quickly.
Alex,
I like the building and may be interested in buying a condo there. However, what concerns me is that the building is located on reclaimed land that is likely to liquify when the earthquake hits. This is clearly a high-risk building along with everything else built along the waterfront in South Beach, Mission Beach, etc.
Have you looked at the earthquake coverage included in the HOA fee? How much would the insurance company pay? If all they pay is replacement of the structure (less 10%) but the land is either gone or unbuildable, the condo owners would effectively lose their entire equity investment!
Do you think the buyers understand the risk they are taking?