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Palm Bay Club Update

October 20, 2006

palmbay4.jpgpalmbay9.jpg If you are looking a beachfront condominium on Siesta Key and want to have great rental income and the ability to make personal use of the condominium, one of the best choices is Palm Bay Club.   The grounds are impeccably maintained and the on-site rental office does a great job.  Many of the beachfront units there enjoy short term rental incomes in excess of $60,000.   Currently there are 24 units available for purchase at Palm Bay Club.  The average price is $839,842 and the average price per square foot is $883.  These have been on the market for an average of 132 days.  

During the last 9 months 4 units have sold at Palm Bay Club.  The sale prices were $1,450,000 for a 1062 square foot 2 bedroom direct gulf front, $1,400,000 for a similar unit on the northwest corner of the tower building, $715,000 for a 2 bedroom in the Clubside section and $655,000 a 2 bedroom bayside unit.  The average price of units sold was $1,055,000 and the average price per square foot was $1,064.  A large picture gallery of Palm Bay Club is available at www.palmbayclubcondominiums.com

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