Redfish Village - What is going on?

All the unsold units and commercial was recently purchased. Should be back on the market any day now. The residential units are supposedly going to be listed in 200s. The commercial may be sold off together.

Did it go back to the bank?

Commercial units are on the market. Contact a good Realtor to give you specifics.

I have a price sheet of all the residential listings. If interested please call me tomorrow at below number.

Residential condos are being marketed too, though I haven't seen them hit the MLS yet. The marketing package I received had the 2 bedroom units listed at $189,000, but there have been a couple of recent sales in there for under $145,000, so I guess they may have difficulty appraising anywhere close to $189,000.

They pulled some units and raised them all $20,000. Huh?

[FONT=verdana,arial]Bruce sent this to me last week.​

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[FONT=verdana,arial]Newsletter Click Here [/FONT][/FONT]​

10 Units Under Contract in 1 day!​

www.bluewaveliving.com
bruce@bluewaveliving.com​

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[FONT=tahoma,sans-serif]Blue Wave Living | 69 Blue Wave | Santa Rosa Beach | FL | 32459​

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I have to question the "waiving" of HOA dues. Are they paying those for you? There's generally not a clause in the HOA docs that would support this. I'd be kind of mad if I closed and got a bill shortly thereafter.

That's why there are real estate attorneys.

Redfish Village -HOA Fees

I have to question the "waiving" of HOA dues. Are they paying those for you? There's generally not a clause in the HOA docs that would support this. I'd be kind of mad if I closed and got a bill shortly thereafter.

The price on these investor owned units includes 30 months of HOA fees. This can be backed out if you don't want it included.

Commercial Space, will it come to life?

It appears a lot of the residential units have sold and are starting to close.
Anyone know of any commercial spaces being filled?
What will this place look like in 3yrs? Hodge Podge or 30A's next hot spot?

I hope it becomes like a little mini Seaside for that part of 30a w/ restaurants, shops, and people walking/biking to nearby businesses/restaurants.

Holy crap!

Thought I'd seen it all ............... then today Redfish Village hired people to stand by the side of 30-A holding bold signs (ala going out of business sales) proclaiming the great deals and low, low prices to be had!

Holy crap!

Thought I'd seen it all ............... then today Redfish Village hired people to stand by the side of 30-A holding bold signs (ala going out of business sales) proclaiming the great deals and low, low prices to be had!

Now that is an interesting way to sell real estate....furniture yes.....but condos?

One older guy was having a great time dancing around to his music - the other 2 seemed a little bored.

Saw that too. My impulsive thought was that it looked rather desperate- low class.
They should go back to having Friday night parties- at these prices it might actually work!

People standing on the corner really shouldn't surprise anyone...Harry Patten became famous years ago pitching lake front lots in Arkansas on television. The Patten's know how to make money, I was very impressed with how fast they sold out Magnolia Bay Club in Panama City.

I noted in another post that we recently purchased a unit at RFV. The sales team with Patten have been professional, courteous and an overall pleasure to work with. Although I wish they didn't have folks out there with signs (I agree that it does detract from the overall ambience of the development), they have done a great job moving these units (I don't know how many are left, but the closing attorney I worked with said she is completely under water right now). Don't be surprised if you see a lot of delivery trucks over the next few weeks.

We're so excited about our new unit. In fact, we'll be down tomorrow for the holiday weekend. Hopefully we'll get to meet some of our new neighbors (not just RFV, but all of SoWal).

so did all these units sell for 150K?i bet many of these turn inot long term rentals

I don't think any of these units sold for $150K, ray. There were a couple of recent short sales at the $150K mark, but these started at $179K. I know of a 2bed/2ba with bunks (plan B) which closed for $299K this week. The cash sales are making way for higher appraisals and conventional loans in Redfish Village.

Patten boasted of selling 48 of their 53 units, but I think what they meant to say is that they had "contracts," not sales. My understanding is that some of those would be buyers backed out of the contracts. Not sure why, but it could be that they were not cash buyers and needed other cash buyers to close in order for appraised values to increase enough to be able to get the loans.

Redfish Village will be a great place to own or rent one day. This boost of new owners will be the fuel it needs to get the commercial units filled and active with people.

The sense I got was that many of the Redfish buyers were people who were planning on using the units themselves, and renting them short term when they were not.

For what it's worth, we don't plan on renting...

I don't think any of these units sold for $150K, ray. There were a couple of recent short sales at the $150K mark, but these started at $179K. I know of a 2bed/2ba with bunks (plan B) which closed for $299K this week. The cash sales are making way for higher appraisals and conventional loans in Redfish Village.

So, does that mean there aren't any units still on the market in the $150 -$179 range? I was considering a trip down to check them out, but if they're back up to $299 I think I'll pass ...

Another Unit Closed

We closed on our unit yesterday, looking forward to time on the beach soon! Who else has closed?