GoToby.com’s Property of the Week is a three bedroom, two bath condominium in Tidelands. Come to an Open House this Sunday, 12:00 to 4:00 featuring available Tidelands properties.
Palm Coast, FL – December 19, 2014 – GoToby.com’s Property of the Week is a three bedroom, two bath second floor condominium in Tidelands. Tidelands is a private gated community featuring a blend of single-family estate homes and condominiums located along nearly one mile of the Intracoastal Waterway, less than one mile north of the Hammock Dunes bridge and access to miles of Atlantic Ocean beaches.
Tidelands represents the best “feature per dollar” value among comparative Palm Coast condominiums. This unit’s listing price is less than half the original price paid when the condominium was built in 2006. See it, and other available Tidelands listings, at a Tidelands Open House this Sunday from 12:00 to 4:00.
The featured unit offers 1,283 square feet of living space, separate storage space and a screened lanai overlooking a lake (with lighted fountain), the Intracoastal Waterway pool complex and peeks of the ICW. In the kitchen, you will find 42 inch cherry cabinets and granite counter tops. Counter tops in both baths are also granite. Both the combination dining/living area and master bedroom offer sliding glass door access to the screened lanai.
Tideland’s amenities include a clubhouse, fitness center, two pools, two spas, tennis courts, miles of walking paths and Intracoastal Waterway observation piers. The community is “dog-friendly.”
I moved to Tidelands in 2011. Tidelands had gone through a difficult period. Construction was nearly completed on 252 units when the real estate market collapsed. Many of the original purchasers were investors who walked away from their obligations, leaving the association in financial jeopardy.
In 2010, I knew one of the board members and started doing my homework. I sensed that Tidelands had hit bottom and was on the rise again, offering a good balance between value and risk. I was so right.
Since I moved, the number of seriously delinquent units has dropped from over 90 to a small handful. The association is financially strong. Turnover from the developer was completed in March 2013. Under the settlement agreement, the developer paid the association over $400K cash and conveyed to the association the clubhouse, amenities and shoreline property.
The association recently completed a recoating of all the condominium buildings and the clubhouse. The ICW shoreline was stabilized with 2,000 feet of riprap and two observation piers are under construction. Many landscaping features and the irrigation system have seen significant improvements. Tideland’s street and parking lights have been converted to energy-efficient LED bulbs. Vehicular access is controlled by a new security gate system featuring a “virtual guard.”
Unit 1624 at 75 Riverview Bend S is listed for $159,000 by Vlaja Telfer, of Palm West Home Realty. You can reach Vlaja at (386) 986-9344 or VlajaTelfer@gmail.com.