High Pointe Resort

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

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

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.

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

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.

RiverOtter and Just In Thyme your comments are exactly right. High Pointe is a great complex and alot of people did buy early on, but everyone is not in that boat. You have gulf front units selling for under 700,000 and even one that sold for 500,000. And in turn you have some sellers asking 720,000 for poolside/ground floor units. That's my point! In this market today you cannot pay more for a poolside unit than a gulf front unit. The two comps for ground floor units sold in the 400,000's. All of this info can be verified on the walton county pa page. I will continue to watch the market and for the ones of you that bought early or do not have to sell, great for you. You are in a good position. The search continues.

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.

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.

Ok.... that is what I meant to say this morning

Here is what I see for recent sales at waltonpa.com :

10/06 - #133 434500 - 2br ground floor poolside
5/07 - #46W - 1.2 mil - 3 br 4th floor gulf
8/07 - #233 - 739k - 2BR 3rd floor poolside
9/07 - #32W - 700k - 2br 3rd floor gulf
9/07 - #13W - 689k - 2br 1st floor gulf
9/07 - #13E - 500k - 2br - 1st floor gulf

So I only see one sale in the 400's and I think it was an auction. I am pretty sure I have been in 13W (a friend rented it) and it was kind of mess inside - dirty stained worn carpet, older furnishings, etc. I was surprised they (edit: 'They' being Resort Quest) rented it in that condition if it's the one I am thinking about. Possibly influenced the sale price if it was kind of an 'as is' deal.

#13E for 500k looks like an aberration to me, maybe not arms length, who knows? Anyone, anyone? Beuller?

The unit I saw listed at 695k was a 3rd floor poolside. People may value that view more than a ground floor gulf unit.

SpinDrAtl, I appreciate the response and again I am not disagreeing, I'm just making the point that the prices are all over the place and that you really need to do your homework before buying. As far as recent sales, I was referring to Unit 134 which sold 12/7/07 for 417,000 and as you stated Unit 133 on 10/10/06 that sold for 434,500. There was a pool side unit 132 that was listed at 499,000 but has been pulled from the mls not too long ago. I have no problem telling you I have made offers on gulf and pool units. Some 2 and some three bedroom. One actually ended up selling for less than our offer. Again, High Pointe is Great and your right if your looking for that long of a time, you are definitely sold on the complex. I'm just not that sold on the prices yet. No complex, no matter how Great it is, is worth making a bad financial decision. Hopefully, soon we will be in the position that you are in, owning in a wonderful complex for a wonderful price and not interested in selling for a long, long time!

Sorry, I did not see the sale from 12/07 on the appraiser site. Good luck with your search. I can tell you that my poolside 2br unit, 2nd floor, appraised for 390k in July 2003 when I refinanced. I like to keep up with what's going on pricewise but I can tell you that I won't be selling anytime in the next probably 10 years anyways. We like it too much.

Many people are seeing the eastern end of 30A being more valuable since it's closer to PC with new airport/Pier Park / growing dinning, all without being in PC. And Alys beach/Rosemary beach/ etc are very high end developments that time will make even better.
My wife has also be waiting for HP prices to drop and in many ways it's nice to see they are not. Maybe someday we can say the same for all of 30A.

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

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!

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.

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

Many people are seeing the eastern end of 30A being more valuable since it's closer to PC with new airport/Pier Park / growing dinning, all without being in PC. And Alys beach/Rosemary beach/ etc are very high end developments that time will make even better.
My wife has also be waiting for HP prices to drop and in many ways it's nice to see they are not. Maybe someday we can say the same for all of 30A.

Interesting observation since for so many years PCB has been looked down on and now it is seen as a plus.

The Alys Beach newspaper that just came out had an article on 30A prices that mirrored those mentiond on this thread. I.E. those folks that are lowering their sales prices are those that bought for short term gains, those that are holding the line on their sales prices are those who bought for the long term. I did love his repeating the often heard quote: "I wish I had bought at (fill in name of project____) when the prices were so low a few year back".

those folks that are lowering their sales prices are those that bought for short term gains, those that are holding the line on their sales prices are those who bought for the long term.

If they bought for the "long term" why are they up for sale at all?


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If they bought for the "long term" why are they up for sale at all?


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You are slipping SHELLY... This thread was started on 02/01. Can't believe it took you this long

Shelly, I am new on this board,but LOVE your comments. Glad to here from you on this one.

Shelly, I am new on this board,but LOVE your comments. Glad to here from you on this one.

I'm just not a big fan of vacation condos as "investments." Why pay a million or more for the cow (including carrying costs and headaches) when you can get the milk for a couple of thousand for a couple of weeks.......but that's just me.


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I'm just not a big fan of vacation condos as "investments." Why pay a million or more for the cow (including carrying costs and headaches) when you can get the milk for a couple of thousand for a couple of weeks.......but that's just me.


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Got my 4th floor 3 bdrm gulf front "cow" when it was still "veal". High Pointe BOD (and owners) have done a great job over the years in keeping up and improving the property.

If they bought for the "long term" why are they up for sale at all?


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Original owners could have closed as early as 1996, depending on which building they are in. 12 years qualifies as long term, IMO.

Original gulf front owners paid anywhere from the low 200's to mid 300s depending on 2 or 3 br's and what floor they were on. Original pricing on ground floor poolside units was as low as 143k.