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Sanctuary at Redfish Preview Party this Sunday from 4-7pm

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Yep. We disagree on this but I'd put money on a bet that the folks who bought at this auction will, in two years, be under water on value. Maybe we can dig this thread up 8/19/2010 and see if that bet would pay off.


I strongly disagree with that comment. I really think they got a great deal at those auction prices. Only time will tell.
 
I know everyone's attention is on the Sanctuary at Redfish, but the prices on the Beachside Villas units seem amazingly low to me. I thought I had some idea of where this market had sunk, but this was a real eye opener to me. :bang:

Why, I doubt any of those shown had any kind of view. The complex is constantly under repair and they get huge assessments ever year. Half that would be a deal.
 
While Beaside Villas has a great location, they were poorly built and below code, IMO. After every storm, they have siding blowing all over the place. I have pictures of their original construction that shows NO hurricane clips. So, they are still standing, and the price is getting better. I would never buy there. We call them Beachside Villians or The Projects because of the shenanigans that were behind their being built in the first place. Probably the highest dunes in Florida were destroyed for this place to be built. Too long a story to tell here. But, they are close to the Beach, still standing, and have a good price compared to other projects. So, you roll the dice.
 
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While Beaside Villas has a great location, they were poorly built and below code, IMO. After every storm, they having siding blowing all over the place. I have pictures of their original construction that shows NO hurricane clips. So, they are still standing, and the price is getting better. I would never buy there. We call them Beachside Villians or The Projects because of the shenanigans that were behind their being built in the first place. Probably the highest dunes in Florida were destroyed for this place to be built. Too long a story to tell here. But, they are close to the Beach, still standing, and have a good price compared to other projects. So, you roll the dice.

Unfortunately someone with insurance just might. The truly sad part is that if completely leveled they have to be built back as originally designed, plus code improvements.
 
Yes, it is a sad story. When Beachside Villas was built under a cloud of question, Vince Bruner of Okaloosa County was our areas State Representative. He was asked to help, but none was forthcoming. Long story short, he ended up being one of the major developers of Dunes of Seagrove, adjacent to this property, squeezed it through our convoluted and compromised county government, and destroyed the rest of the adjacent magestic dunes. No dunes now and not even in Seagrove.
 
While Beaside Villas has a great location, they were poorly built and below code, IMO. After every storm, they have siding blowing all over the place. I have pictures of their original construction that shows NO hurricane clips. So, they are still standing, and the price is getting better. I would never buy there. We call them Beachside Villians or The Projects because of the shenanigans that were behind their being built in the first place. Probably the highest dunes in Florida were destroyed for this place to be built. Too long a story to tell here. But, they are close to the Beach, still standing, and have a good price compared to other projects. So, you roll the dice.

Do you have any facts to support the allegation of "below code"?
 
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