We have said it before that in 2005 it appeared that the national bird should be the crane (the construction one)! Once the market dived in 2007, all new construction literally came to a standstill. Finding a construction crane today is an interesting task and when we find one there is an innate curiosity as to what they know or are banking on.
But the task at hand is to convey that, as the market recovers, finding new property that meets the 2004 updated building codes and is block construction brings the number of properties to a precious few. La Vistana is one of those. Completed in 2006, La Vistana was planned to be a direct gulf-front two-building project with a coordinating retail area right on Gulf Boulevard. The building shown was completely sold out pre-construction and offered a sophisticated gated complex with a dynamic center open air atrium. The large pool and two hot tubs right on the beach were designed to accommodate both buildings.
As buyers closed on their condos in the second half of 2006 in Building 1, Building 2's future was looking bleak. Because of the limitation on density ruling for the space, the units were designed to be sprawling and had price tags to go along with it. At this point, the Building 2 property is tied up in foreclosure and the retail area is an extra parking lot with green space. What did make it, however, is La Vistana's Building 1 that is situated on an absolutely pristine beach location. Gorgeous views of the Gulf and the nightly sunset extravanganza! The 30-day rental policy keeps the building with a residential feel and each 3-bedroom/3-bath unit is definitely noteworthy. The occasional unit that has taken the pricepoint freefall that the market impacted has been swooped up by eager buyers ready to live the lifestyle La Vistana affords... at a fraction of the original pre-construction purchase price!
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