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Monday, May 17, 2010

South East Florida free foreclosure property list - Fisher Island Tops Weekly Foreclosure List



South East Florida free foreclosure property list

The Golan Team (786-333-6200) synonymous with the sales of Luxury Waterfront Condos recently launched a dedicated foreclosure site at www.southfloridaluxuryforeclosures.com. This site instantly proved as a huge success as many people signed up to receive a free weekly foreclosure list of all luxury properties in Dade and Broward county that are now owned by the Bank or Lender.

Many people think that Foreclosures only exist in the lower end market but this is as far from the truth as it can be. This downturn in the market has hit everyone. Look what tops this week’s Foreclosure list.

Fisher Island 4 Bed Foreclosure (Fisher Island Foreclosure)

This 4000+ sf 4 bed 4.5 bath condo is located on what is deemed as one of the most exclusive addresses in South Florida if not the country. Fisher Island is a private island that is not even accessible by car!!! Residents must take a ferry to and from their residences to the mainland (South Beach/Miami Beach). To live here is not for the faint hearted. Besides the enormous monthly charges (here it is $5,409/quarter) there is a mandatory joining of the Golf and Country Club (try a $250,000 fee) , Property taxes in excess of $56,000 annually as well as other incidentals such as electricity, phone etc. Though this may seem a very steep carrying cost for some, this unit is a relative “Super Bargain” for Fisher Island. Just recently the same unit was asking $3.2m and back in 2008 it featured a price tag over $4m!!!!

This week there were 24 luxury condos that came on the market as Foreclosures and there were 10 new Foreclosed homes that hit the market .

Here are the condos

New Condo Foreclosures Week of May 17

Here are the homes

New Home Foreclosures Week of May 17

If you would like to subscribe to our free weekly Foreclosure list please click here and submit your information

http://www.southfloridaluxuryforeclosures.com/

For general questions please email us to info@golanteam.com

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