Hollywood Beach Resort - Who's buying there now?
I have had a listing at HBR for about a year now, off and on. The HOA fees are high but all utilities are included and the building budgets for reserves. But, its old, dilapidated, and needs to be torn down.
My question to you all is , who is buying there right now? Has anyone had success recently?
The real money there was when a developer buys everyone out. As of last Dec they were at 77% and only needed 80% so I'm not sure why it didn't go through? They even upp'd the values, including my seller's unit, from $99k to $105k.
The location is awesome of course and you can AirBnB if you want so I definitely see the appeal.
Curious to here from other investors and local professionals about their experience with Hollywood Beach Resort! :-)