I'm looking for the motive. Thanks
What is up with Sanctuary at Redfish?
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I'm looking for the motive. Thanks
That is precisely why I have mentioned more than once that it seems that Jerome is just trying to throw stones at the development. There are valid things which he states about the place, but if you don't like much about it, why the heck would you be considering purchasing a unit there? The only positive comment he has stated is that the views are good from the over-priced, over-sized, ill-planned third floor. Time to move on, Jerome.
No stones for me
I think I am trying to get to facts. I am not throwing stones. Besides, it's illegal and people can get hurt that way. Joe, now I haven't seen all the units yet, so I could really find something suitable there. My "throwing stones" may unfortunately ruffle a few feathers. But through stony blogging and my own research, I am coming closer to the truth. It is obvious I believe the development has potential. I like a number of things about it.
Don't think I would spend this much time simply trying to denigrate a development.
Joe, if you could locate and email condos off of 30A that are well-built, relatively new, w/ waterviews/gulfviews (not pool) in the 230-300 per sqft range, please do. I would be very gracious. I would be happpy to check those out.
Back to throwing stones. Now don't you think that those hapless victims, (or in some cases victimizers), who paid and were approved for those outrageous loans on the units at Redfish, (and throughout this area) should have perhaps asked a few more questions. Now that most of the initial owners at Redfish are suffering tremendous financial loss and the development seems to floundering, do think it may have been in their best interest to "throw a few stones". I guess since my arrival in this area in the beginning of 05' I tossed quite a few stones, wondering what the hell was going on in the local real estate market in the context of a larger economic picture. Destin median income in 05'- that's when everybody was rollin' high- about 50k to 60k. Of course I remember driving way down 393 North, looking at 1400sqft cottages mixed b/tw trailers, off dirt roads priced "right" at 325,00-400,000.
The numbers disturbingly just did not add up. I also predicted an impending deflationary spiral that was going to devastate the area, and more importantly people. Now that has translated and metamorphisized to a national scale in a real and very ugly way. Maybe as an individual or a nation as a whole, if we would have done just a little bit more "stone throwing" we could possibly have at least softened our current recession/depression. Stay in touch.
I think I am trying to get to facts. I am not throwing stones. Besides, it's illegal and people can get hurt that way. Joe, now I haven't seen all the units yet, so I could really find something suitable there. My "throwing stones" may unfortunately ruffle a few feathers. But through stony blogging and my own research, I am coming closer to the truth. It is obvious I believe the development has potential. I like a number of things about it.
Don't think I would spend this much time simply trying to denigrate a development.
Joe, if you could locate and email condos off of 30A that are well-built, relatively new, w/ waterviews/gulfviews (not pool) in the 230-300 per sqft range, please do. I would be very gracious. I would be happpy to check those out.
Back to throwing stones. Now don't you think that those hapless victims, (or in some cases victimizers), who paid and were approved for those outrageous loans on the units at Redfish, (and throughout this area) should have perhaps asked a few more questions. Now that most of the initial owners at Redfish are suffering tremendous financial loss and the development seems to floundering, do think it may have been in their best interest to "throw a few stones". I guess since my arrival in this area in the beginning of 05' I tossed quite a few stones, wondering what the hell was going on in the local real estate market in the context of a larger economic picture. Destin median income in 05'- that's when everybody was rollin' high- about 50k to 60k. Of course I remember driving way down 393 North, looking at 1400sqft cottages mixed b/tw trailers, off dirt roads priced "right" at 325,00-400,000.
The numbers disturbingly just did not add up. I also predicted an impending deflationary spiral that was going to devastate the area, and more importantly people. Now that has translated and metamorphisized to a national scale in a real and very ugly way. Maybe as an individual or a nation as a whole, if we would have done just a little bit more "stone throwing" we could possibly have at least softened our current recession/depression. Stay in touch.
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Just to stay
No, I am not looking at a place for rental income. Just a place to stay short to long term. Shelly, you are right about spending time on another place. As far as money goes, I have a cap at 400k+, possibly creeping into the 500 range if it really dazzles me. Now that of course limits me on 30A, considering all the features that I would like. It is all about compromise.
Checked out Sanctuary by the Sea. Now that is nice. You can actually walk to the beach and alot of the units have a good gulf view. Nice beach.......wide. It seems like the place was built for longer term stays or full time residents; the smallest units are nearly 2,300 sqft. The architecture, layout and the materials are a cut above redfish, but the unknowns about the health of the place linger. I 've heard 18 out of 87 units have sold. Still the cheapest ones there, which probably don't have any or good views, are still outside my money cap. That may be only for a while though. If those #'s are right, that is a bit of inventory to unload. It is tough to get mortgages on condos nowdays, especially jumbos-jumbos. Know anything anout this place Shelly? Any insight?
No, I am not looking at a place for rental income. Just a place to stay short to long term. Shelly, you are right about spending time on another place. As far as money goes, I have a cap at 400k+, possibly creeping into the 500 range if it really dazzles me. Now that of course limits me on 30A, considering all the features that I would like. It is all about compromise.
Checked out Sanctuary by the Sea. Now that is nice. You can actually walk to the beach and alot of the units have a good gulf view. Nice beach.......wide. It seems like the place was built for longer term stays or full time residents; the smallest units are nearly 2,300 sqft. The architecture, layout and the materials are a cut above redfish, but the unknowns about the health of the place linger. I 've heard 18 out of 87 units have sold. Still the cheapest ones there, which probably don't have any or good views, are still outside my money cap. That may be only for a while though. If those #'s are right, that is a bit of inventory to unload. It is tough to get mortgages on condos nowdays, especially jumbos-jumbos. Know anything anout this place Shelly? Any insight?
No, I have no inside info on that condo. If you find a place that you like, I recommend that you just make an offer.
Personally, I think buying into these ghost condos aren't worth the risk. There are too many stories about condo owners taking on the burden of association fees for dead-beat owners or bank REO properties--maintenance problems, facilities broken/shutting down, no grounds keeping services, no security etc., etc.
We happened to be in the area today and decided to check it out.
First, the parking is a joke. There are about 7 above ground spots and the rest is garage parking which looks like you are going to get maybe 2 spots per unit. Think about that when purchasing a 4 bedroom unit, you'll be carpooling. Also they are not assigned so if Mr. I'm more important that you decides to have 8 friends show up you'll never know unless there is a dashboard pass system. Again I doubt this as it's gated (swooning over the fun of fixing that annually or better) so it's restricted.
Second, the pool areas are nice, but if you really need one of those "cabanas" why are you even leaving your room? Give me the open air cabanas at Alys Beach any day. Also, what's up with the swim up bar? I'm assuming that's what it is, but from the inside it looks like a dugout with nothing in it. Empty developer promises?
Finally, DO NOT BUY ON THE FIRST FLOOR! Look just over the railing in the drainage ponds, those are not overflow grates, they are the exhaust for the parking garage. Nothing like diesel fumes first thing in the morning headed down to the pool area.
Overall, incredibly unimpressed to the point that we didn't need to find the open walk through unit. Also the maintenance dues on this place have got to be through the roof and the assessments over the years will bankrupt you if the unit itself doesn't.
First, the parking is a joke. There are about 7 above ground spots and the rest is garage parking which looks like you are going to get maybe 2 spots per unit. Think about that when purchasing a 4 bedroom unit, you'll be carpooling. Also they are not assigned so if Mr. I'm more important that you decides to have 8 friends show up you'll never know unless there is a dashboard pass system. Again I doubt this as it's gated (swooning over the fun of fixing that annually or better) so it's restricted.
Second, the pool areas are nice, but if you really need one of those "cabanas" why are you even leaving your room? Give me the open air cabanas at Alys Beach any day. Also, what's up with the swim up bar? I'm assuming that's what it is, but from the inside it looks like a dugout with nothing in it. Empty developer promises?
Finally, DO NOT BUY ON THE FIRST FLOOR! Look just over the railing in the drainage ponds, those are not overflow grates, they are the exhaust for the parking garage. Nothing like diesel fumes first thing in the morning headed down to the pool area.
Overall, incredibly unimpressed to the point that we didn't need to find the open walk through unit. Also the maintenance dues on this place have got to be through the roof and the assessments over the years will bankrupt you if the unit itself doesn't.
Now which development are you talking about? Redfish at Sanctuary or Sanctuary by the Sea. There is more than a marginal difference b/tw the developments. Any more impressions/comments if you are talking about Sanctuary by the Sea? I am quite interested.
Nothing added up back then. It wasn't only this development. I think all buyers in today's market, are very selective, and doing great research before purchasing, so you don't have much to worry about there.
You mention that there are a number of things you like about the development, but short of the third floor units having good views, you haven't mentioned one. Will you please tell us those other things you like about the development?
My data shows only 14 units in Sanc by the Sea closing, so as Shelly says, there will be some high HOA dues if the developer (owning the majority of the units) wants to bump them up suddenly. If hit with a sudden assessment, ouch!, unless you have ample money. Moving condos in Florida, especially all the ones which were built and sold in 2003-2006, will be a difficult thing to move for some time to come. Lenders don't want to touch them, banks don't want to take them back.
If you want to continue discussing Sanc at Redfish, you really should start a new thread, since this one is titled Sanc at Redfish, a totally different development. It will lessen others' confusion.
If you want to continue discussing Sanc at Redfish, you really should start a new thread, since this one is titled Sanc at Redfish, a totally different development. It will lessen others' confusion.