Sunset Bay Condos in Merritt Island, Florida continues to offer attractive prices for those seeking smaller (1 and 2 bedroom) condos on the Indian River in Brevard County, Florida.
As of today there are only 17 active listings in the Brevard MLS system (down from the 26 last month). Of the 17 condos for sale in Sunset Bay, there are 16 short sales and 1 foreclosure. While the prices are still in the $19,900 to $65,000 range, most of the units are 1 bedroom units (13) priced are $32,000.
During October 2010 only one unit closed in Sunset Bay, a 2 bedroom 2 bath, 1155 sq ft unit sold for $29,900 (a foreclosure). Still there are 17 condos (all but 2 are short sales) under contract awaiting closing. [The short sale process can take months so who knows when or if these will actually close!]
If you have the cash, Sunset Bay may just offer a great opportunity for investors!
For information on condos for sale in Merritt Island and Cocoa Beach, send me an email or call me directly at 321-693-3850.
Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.