Is it EVEN POSSIBLE that a condo in a popular brand-new Beach building could be located on one of the top floors with 2 BR, 2 FULL bathrooms, a huge private owner's closet (so big bunk beds were discussed as a possibility for that space) and yet still be PRICED UNDER ONE MILLION dollars?
What if we now told you that the condo has a garage space & even more impressively has two deeded balconies (nearly 300 total SF between them). These two provide phenomenal views of the Gulf of Mexico, the Beach, as well as the Bay, the heated swimming pool, & even the islands beautiful Park “McKay Playfield”. If only you could imagine owning this along with benefiting from a “zero effort” CASH STREAM rental program located in house with a “best in resort” commission rate of only 20% despite providing 24-hour service!
The owners took a very safe guaranteed program with a “leaseback” earning them $50,000 positive cash flow above all bills (even HOA & property tax) but realized they would have done even better with the more typical 80/20 split due to the 2022 Gross rental income that exceeded expectation by reaching OVER $130,000.
Now imagine those numbers that were produced in 2022 happened during the “rookie inaugural season” for this building! No one can give guarantees, but a reasonable person might project that most resorts receiving rave reviews like the Avalon Club improve after the first full year because they will have a repeat following.
As great an investment as this can be, “best of all” is that your family can use this fabulous condo with no blackout periods & no strict total day limits for your own enjoyment when it is not earning money for you. (Room sizes approximate to be verified by buyer/ condo DOCS attached)
NOTE we learned the "leaseback" constant cash payment each month was an offer only for Pre-construction buyers. Future owners will have the traditional 80/20 split offered for choosing in house management. Luckily this has provided higher revenue for those owners who elected it in the past anyway.