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Condominium Market Snapshot, Featuring Berkley South
Condominium Market Snapshot, Featuring Berkley South

Tuesday, February 14, 2012

Located at 3015 N. Ocean Blvd. in the Central Beach  Alliance neighborhood of Fort Lauderdale, Berkley South is a highly desirable building for its location, nestled in between the Atlantic Ocean and Intracoastal Waterway, resort style amenities, and the current values in the building. This building has 199 private residences with studio, one, and two bedroom floor plans to choose from. While this building was built in 1975, it has recently undergone a major renovation with a new color palette, balcony restoration, upper parking deck and garage restoration, new cardio equipment in the fitness center, resurfaced tennis courts, pool upgrades, new elevators, stunning new kitchen in the clubroom, and an expertly redesigned lobby.  Being seconds from the beach, shopping on Galt Ocean Mile, and all the scenic dining on the Intracoastal Waterway and A1A, this is truly an ocean lovers paradise.
Berkley South currently has 5 pending Sales, and seven active listings. Since the inventory is shrinking, the residences in this building are selling rapidly. Of the 7 available residences for sale, three are corner units, two Southeast facing, and one Northwest facing. Two of these available properties are what we call distressed properties, which means they are either Short Sales or Bank Owned Foreclosures.  The most recent pending sale is residence 12F, which is one of my own properties and given the activity in this building, I can say with complete certainty these residences are appreciating,  given the reduction of inventory and the amount of time these units are on the market. For more information on Berkley South Condominium and available properties similar to Berkley South, contact me today!

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