January 26th, 2012 Categories: Foreclosures
Update! As I expected, the condo in Galia that is the subject of this post went under contract quickly.
It is good news that the obviously good deals are selling immediatly,because for a while even those were sitting on the market.
Also, though that unit is sold, there are still some great units in Galia still available .
If you would like to take a look at these units in Galia or any condos in the Pensacola Real Estate market call Jim Holland 850-206-6140 or if you would like more information,e-mail me at
Most buyers at least once during the process of looking for a home or an investment will second guess themselves about a property that they passed over, and that then sold quickly thereafter,and they often ask me if they made a mistake by letting the property go.
I always try to make them feel better about their decision to pass on the property, by giving them a piece of advice I got years ago from a very seasoned investor
“The deal of a lifetime comes along about every three weeks”
I find that to be true with very very few exceptions.
Still I am always on the look out for that good deal that comes along just now and then,so I wanted to point out what seems to be one of those.
I noticed a fourth floor unit in the Galia condominium that has been listed at $149,900. It is a two bedroom 1488 square foot unit that sold in 2007 for $635,000.
Galia is one of the newest condos, and was built by WCI at the very end of the real estate bubble. And even though the association fees are a little pricey at $6442.00 per year, it is still a fantastic value at that price
That location has panoramic views of the Intercoastal and the Gulf of Mexico.It is also very close to the pass between Santa Rosa Island and Perdido Key.
|.||Sta||Street Address||Bed||Baths||SqFt||Year Built||L Price||S Price||Sold Date||DOM|
|1||A||10099 NELLE AVE, unit 405||2||2||1,488||2007||$149,900||$0||2|
|2||A||10099 NELLE AVE, unit 603||2||2||1,488||2007||$249,000||$0||335|
|3||A||10099 NELLE AVE, unit 407||3||3||1,833||2007||$385,000||$0||289|
|4||A||10099 NELLE AVE, unit 807||3||3||1,833||2007||$459,000||$0||335|
|5||C||10099 NELLE AVE, unit 406||2||2||1,554||2007||$190,000||$0||217|
|6||S||10099 NELLE AVE, unit 402||2||2||1,554||2007||$189,000||$185,000||02/25/2011||99|
|7||S||10099 NELLE AVE, unit 602||2||2||1,554||2007||$219,000||$195,000||01/17/2012||180|
|8||S||10099 NELLE AVE, unit 502||2||2||1,554||2007||$205,155||$205,155||03/31/2011||471|
|9||S||10099 NELLE AVE, unit 901||3||3||1,833||2007||$399,000||$265,000||01/06/2012||228|
|10||S||10099 NELLE AVE, unit 504||3||2||1,855||2007||$325,000||$275,000||09/30/2011||1724|
|11||S||10099 NELLE AVE, unit 804||3||2||1,855||2007||$349,000||$279,000||02/14/2011||0|
As you can see, this unit is priced very competitively with the activity in the rest of the building.
To view articles on other neighborhoods in Southwest Pensacola, check out the links below.