Update: 2 Bedroom Foreclosure @ The Cosmopolitan in South Beach
May 22, 2007 by Lucas Lechuga
The 2 bedroom foreclosure at The Cosmopolitan in South Beach that I blogged about two days ago is under contract. However, there is a second 2 bedroom foreclosure in the building that is currently listed at $520,000. The previous owner of this South Beach condo paid $590,000 in September 2006, according to the Miami-Dade property search. This one has a balcony and a partial view of the ocean. The pictures below are from the MLS listing for that unit.
Cosmopolitan South Beach condos for sale
Cosmopolitan South Beach condo rentals
Please keep me on your email list for foreclosures in this building or somewhere south of Fifth. I prefer a place with gas stoves, since I cook. The kitchens at the Cosmo are insanely unworkable and the concierge service unreliable (in my experience). I buy stuff on-line and waste time tracing it through the website or UPS. It turns out the package was delivered days ago, and the concierge desk claims they called. Well, they didn’t. Which is a real mess for someone who orders time-sensitive food online.
I am a cash buyer. I am also just four months into my lease at the Cosmo, so unlikely to buy in the next six months unless the price is irresistible.
I think the market will go lower before it stabilizes. With the property tax hikes and the insurance hikes, and the overbuilding….
I’ve liked what I’ve read of your blog so far. I’ve bookmarked it and please send me updates on South of Fifth.
Thank you.
i live in new york and want to buy a condo in south beach and i dont no were to start. can you help me. you can get me on this email any time.
thanks