Ga Dawg, what kind of 'fair' offers are you making, if you don't mind saying? 2 bedroom or 3 bedroom? Gulf front or poolside? It seems you love the complex (watching 4-5 years) and want to buy in but apparently aren't offering enough to get someone else to give up something they enjoy. It may be a fair offer but not enough to induce someone to sell. As someone said, if buyer and seller don't agree, then you have not established the 'market', at least not for that property.
The sellers may be serious about selling, but selling at what their property is worth to them, not what someone down the road in another location says the 'market' is.
I am an owner, not selling, and agree with everything River Otter said. Most properties on that strip of 30A on the ocean side are single family homes and that makes our complex pretty unique with the amenities we have. There are some newer places with similar things across 30A but who wants to walk (or be shuttled) across the road.
I believe there was one poolside ground floor unit that sold at an auction in the last year for something like 495k (someone please correct me if I'm wrong as it's been awhile since I saw that).
Edit: Unit 133 is, I believe the auctioned property and sold for 434500 in Oct 2006.
I was actually looking at realtor.com last week and the lowest HP unit I saw was 695k, 3rd floor poolside 2BR. Previously there had been a 2BR 1st floor poolside for 649k I think, but I have not seen anything lower than that except the auction. I don't know what may have closed in the last 12 months.
We thought VERY VERY (let me emphasize 'VERY') briefly of possibly selling at the peak a couple years ago. We are an original owner and decided we would rather have our condo than sell. We use it a lot, we take friends there, and it's cash flow positive. There is probably a number that would get me to sell but I don't know what it is.
