High Pointe Resort

**GaDawg** · 02-01-2008, 05:41 AM

Could someone fill me in on High Pointe Resort ? For the life of me,I don't understand the current thinking of the owners that have their units for sale in this complex. Owners have the right to list their property at whatever price they desire and accept any price they want. We have done alot of research on the market and on this complex over the last 4 to 5 years.Currently,the listed prices are way off base compared to todays market conditions and compared to the comps for this complex(which date back 18 months). We have made several offers at fair prices and cannot get anyone to get realistic with counter offers . They feel that their units are still worth the prices that some units sold for in 2005 and 2006.We would love to purchase in this complex,but will not pay more than market conditions.
If anyone knows the inside scoop,please fill me in..........

**Lisa Ruby** · 02-01-2008, 06:03 AM

Are you making offers on gulf front units or interior units?

**RiverOtter** · 02-01-2008, 06:22 AM

High Pointe is an awesome complex. Very well built, gulf front, awesome pool, beach and pool side restaurant / bar, clay tennis courts huge amount of beach front. The board stays on top of all maintenance and is constantly making improvements. Don't take this the wrong way but it sounds like people love their condos more than you want to own there. The market is working for HP. Market value isn't only what someone is willing to pay, it's also what someone is willing to sell for.

Note: I hope no one takes offense to this post but its early and my smoothness isn't really working yet

**Just_In_Thyme** · 02-01-2008, 06:38 AM

Contrary to popular belief, not everyone bought at the height of the frenzy. There we quite a few people here who bought well before prices skyrocketed and can afford to sit, or ask for whatever price they see fit, regardless of what others think of "current conditions" and what the sale price should be.

**RiverOtter** · 02-01-2008, 06:53 AM

Originally Posted by Just_In_Thyme

Contrary to popular belief, not everyone bought at the height of the frenzy. There we quite a few people here who bought well before prices skyrocketed and can afford to sit, or ask for whatever price they see fit, regardless of what others think of "current conditions" and what the sale price should be.

Ya.... that too

**beachmouse** · 02-01-2008, 08:16 AM

Or in other words, you're dealing with sellers that aren't serious about selling. Guess the best thing to do is make sure your realtor keeps a sharp eye for new properties on the market from that complex so that when you do get a 'real' seller, you're good to go.

**spinDrAtl** · 02-01-2008, 09:07 AM

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.

**RiverOtter** · 02-02-2008, 07:29 AM

4th Floor Pool View (before they resurfaced the decking). You can watch the kids and dolphins while sipping a cool or warm beverage

**Pirate** · 02-02-2008, 07:40 PM

So recently I asked about Adagio. Would all of you rather have or rent a gulf front 3br here or a 4br gulf front in Adagio. I am looking forward to seeing the responses!

**30abob** · 02-03-2008, 08:21 AM

Originally Posted by Pirate

So recently I asked about Adagio. Would all of you rather have or rent a gulf front 3br here or a 4br gulf front in Adagio. I am looking forward to seeing the responses!

The 30' of gulf that I'm looking at from my living room right now is in between the east edge of Adagio and the gulf front tower at White Cliffs (of course from back here it looks more like 3"). So I vote for Adagio! However, my aunt has a gulf front at High Pointe and it is also very nice... you may want to flip a coin.

**RiverOtter** · 02-03-2008, 08:24 AM

Originally Posted by Pirate

So recently I asked about Adagio. Would all of you rather have or rent a gulf front 3br here or a 4br gulf front in Adagio. I am looking forward to seeing the responses!

No doubt the units are Adagio are much nicer. But they are out of my league