| Wednesday, August 15, 2007 |
| Great Agent Information for selling condos |
From Realty Times, excellent article.
What You Need To Know To Sell Condos
by Blanche Evans
If you're a Realtor who doesn't know much about the condos, now's the time to brush up on one of the housing market's perfect solutions for many homebuyers. Here's fresh information designed to blow away those myths and prejudices that are still hanging on about condos that you can use to improve your condo sales.
Condos aren't just small houses -- any more than children are tiny adults. While condos are a form of housing that rises and falls like any other, there are some distinct differences in how condos as a market should be viewed.
Condominiums are a type of home ownership in which homeowners own individual units of a building or property, such as an apartment within a high-rise, or a single-family townhome in a community. They also jointly own common parts of the property, such as the grounds, parking lot and the building itself, if the condo is in a building. Because of shared ownership and responsibility, condos are frequently managed by a property management company hired by the homeowners association. Homeowners pay dues, usually one to four times a year, to fund the upkeep of the building and grounds, and pay employees such as bellmen, porters, and guards. Dues include payment toward immediate expenses and escrows for future maintenance, such as roof replacement, so that owners can avoid expensive special assessments.
Condominiums are designed to provide multi-family housing in densely populated environments, such as cities and vacation spots where land is at a premium, but there are also other considerations -- changing attitudes among homebuyers as to what constitutes a good home.
People are choosing homes to suit their lifestyles. In seeking condos, homebuyers likely want low-maintenance beauty and peace of mind; access to amenities they perhaps couldn't afford on their own, such as pools, spas and clubrooms; stronger security, both manned and electronic; and a sense of community with other homeowners nearby to socialize with.
In the past, when home buyers were dominated by married couples with children, condos weren't the preferred product of choice for families, unless they were located in highly populated areas where families had no other choice in housing to own, or they were second homes or vacation homes where occupancy periods would be brief.
But what has many Realtors still skeptical about recommending them is the fact that speculators tend to favor them and rising rental rates threaten homeowners who find that banks won't loan money to homebuyers in buildings where there are too many rentals. Worse, when a housing market falls, condos tend to fall harder and faster in value than single-family homes, causing desperate owners to rent their units, thereby justifying lenders' and Realtors' worst fears that condos are a poor investment.
But things change. Condos set housing records for 10 years straight, before falling 10.4 percent in 2006 says the Commerce Department. That's nearly two percent more than the existing home market fell, which is a high percentage for approximately 12 to 13 percent of all housing transactions. The reason? Condos are simply more volatile, but that volatility can be turned to advantage by smart Realtors.
"When developers and converters dump huge stocks on the market at the same time that sales slow and investors pull out, naturally prices will fall -- but it's not an indicator of what the single family market will do," says Walt Molony, senior associate and spokesperson for the NAR.
Why? Homebuyer demographics are changing, no one's making any more land, and many homebuyers prefer multifamily home environments. That's why condominiums today are full of mythbusters. According to a recent study by the Mortgage Bankers Association, most condos are in single-family structures like townhomes, they're in the suburbs, not the city, and they're more than two thirds occupied by owners, not renters.
There's more. Consider the following:
In 2006, the number of married households fell below the 50 percent level to 48 percent, according to the U.S. Census, meaning more singles and non-traditional households are the majority of housing consumers.
Households are increasingly headed by singles. Young people are delaying marriage. The Census Bureau says that women today marry after age 26, while women in 1960 married at age 20. Half of marriages end in divorce.
Single women homebuyers make up nearly a quarter of the market, according to the National Association of Realtors, accounting for nearly 30 percent of total homeowner growth between 1994 and 2002, according to the Harvard Center for Joint Housing Studies in 2003.
Single females make up 42 percent of condo buyers. Single males make up 20 percent, while married couples constitute 30 percent of condo buyers.
The Tax Relief Act of 1997 has introduced unprecedented liquidity and mobility to the housing market, making it possible to own a home, occupy it for a minimum of two years, and move out in two years without taking a tax hit.
NAR's Profile of Home Buyers and Sellers 2006 says that condo buyers (median age: 43) are older than single-family home buyers (median age 41.) "The median age of condo buyers skews older because condos attract the bookends of the housing market -- first-time buyers, and empty-nesters (boomers) and retirees, who no longer need a large single family home but like lots of amenities in a simpler lifestyle," explains Molony.
Lenders have relaxed lending standards to allow younger and single homebuyers to buy homes by removing obstacles (such as differing credit standards for divorced women,) and creating a wide variety of adjustable or interest-only hybrids that don't penalize borrowers for short-term ownership. This has boosted the first-time homebuyer market as well as single female homebuyers.
Condominium buildings offer products not easily found in single-family homes, such as one-bedroom, one-bath configurations which appeal to singles and first-time homebuyers. "Among all condo buyers, the percentage of first-time buyers are highest among single-female households (59 compared to 48 percent among all condo buyers," says Molony.
One out of ten homeowners owns a second home, often a condominium in the city or a favorite vacation spot.
The tenure in condos is shorter (4 years in buildings with 5 or more units), while the median for detached single family homes is 6 years. Realtors who know this won't freak out when multiple units go up for sale in the same building.
All of the above suggest a strong market for condo sales, which is a good reason for Realtors to know as much as possible about them.
But no statistic speaks as loudly as this one to homebuyers growing preference for multifamily living:
"While the median price per square foot is highest for the condos ($169 compared to $118 for all homes purchased), median income of condo buyers is lower than the median income of all buyers ($59,100 vs. $71,800)," says Molony. "The price per square foot of condos is higher than single family homes because there is a concentration of condos in higher-cost housing markets. Within a given area, condos typically cost less than single-family homes -- with the exception of upscale units in urban cores."
Condos aren't always about buying something smaller that's cheaper. They're about choices.
Published: May 29, 2007Labels: condo sales, condos, condos for sale |
posted by Myrtle Beach Web Design @ 3:04 PM  
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| Tuesday, May 22, 2007 |
| Condo News |
This is a new one on me. Never heard of a Condop...have you?
I had to take a real estate course before I even understood what a co-op was...:-)
What Exactly Is a Condop?
By VIVIAN S. TOY
Published: May 20, 2007
New York Times
PEOPLE often wonder what exactly a condop is.
A common misconception is that it’s a co-op that operates with condominium rules. But lawyers say that legally a condop has nothing to do with whether a building requires a board interview or allows rentals.
“A co-op with condo rules is not a condop,” said Jeff Reich, a real estate lawyer. A true condop, he said, is a condominium building that has separate commercial and residential units, with the residential units controlled by a co-op corporation. The separate commercial units are typically retained or sold separately by the developer and can include retail space, office space and a parking garage.
Mr. Reich said that condops were first created in the early 1960s, when New Yorkers were still wary of the concept of residential condos, but developers wanted to divest the residential parts of their buildings while retaining or separately divesting the commercial parts. “It happened because traditionally this was a co-op town,” he said.
According to a survey of New York City apartment buildings commissioned by the Council of New York Cooperatives and Condominiums in 2005, the city has roughly 6,700 co-op buildings, 2,300 condos and fewer than 300 condops.
###
Editor's note: Do you know the difference between a condo and a co-op?
A condo has a deed just like a home. Its treated almost the same way except for some extra
things about commons areas and insurance.
A Co-op is actually a STOCK! The owners buy stock in the building instead of having deeds to the individual units...
Real Estate Marketing See the new Myrtle Beach Condos Encyclopedia.Labels: co-op condominiums, condop, condos, real estate |
posted by Myrtle Beach Web Design @ 2:41 PM
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| Monday, May 14, 2007 |
| Myrtle Beach Condos and Real Estate News |
Spring seems to be the prime time for the unveiling of new websites, and realtors are no exception. I've seen several new ones pop up. and my partner and I have also been hard at work.
My two main sites now are linked to Myrtle Beach Condos For Sale. David O'Connell has teamed up with Mike Benton and has a brand new company called The Myrtle Beach Home Store. We're having that website farmed out to include a back-end leads management system and the best MLS Listing on the east coast. Look for that in the near future. But in the meantime, our other division is the The Myrtle Beach Condo Store, with the website www.myrtlebeachcondostore.com . I've been working hard on that one, including a nice photo gallery I'll list below, and other stuff.
Our major endeavor is a website for all the Myrtle Beach Condos from Little River to Pawley's Island, www.myrtlebeachcondos.net . This website will be the biggest undertaking that I know of in these parts, and we're about to upload the first 30 some pages. Each of the major condos on the Grand Strand will be listed with photos, amenities, and address, with an option for people looking for rentals as well as an inquiry form for purchasing. We will incorportate the MLS into this site as well, and it should be searchable by the condo project.
Condolux Vacations has a newly renovated site for Myrtle Beach Golf Packages, located at www.northmyrtlebeachgolf.com . The new site will have updated golf course information, golf package deals for Spring and Fall, and the best discounts around. They have a new golf expert now, Craig Chinn, who loves his job and is enthusiastic and anxious to service his customers.
I've started a blog on Echo Forum for Real Estate Marketing, www.echoforum.com/blog/realestatemarketing.html . I've wanted to do this for so long, but seldom have time to write in yet ANOTHER blog. But I get so much attention to Echo Forum because it's an SEO tutorial, that I really want to share tips and information on that blog.
Hopefully when it gets some rank I'll be able to get some of the other SEO people to write an article or two as well.
Still working on my Myrtle Beach MySpace page . I truly think MySpace is one of the major marketing tools around right now. I've picked up "friends" made up of celebrities and as many realtors as I can hook up with. I hope when we have something special to sell I'll be able to make an announcement on there and get some business referrals from the many real estate agents that have a page.
Condo-World has purchased a major Myrtle Beach Golf website, www.mbgolf.com. This website has been number one for many years, and I think is affiliated with Golf Holiday. At any rate, it should really prove to be a tremendous money maker for them. It's impressively comprehensive and maybe just a little bit confusing...:-) But I'm sure it will do well.
Here are the links for the Myrtle Beach photos that I've put on the Condo Store site. I hope someone enjoys looking at them!
Oceanfront Condos In Myrtle Beach
Myrtle Beach SC Condos
Myrtle Beach Condos For Sale
Condos In Myrtle Beach
Condos For Sale in Myrtle Beach SC
Condos In Myrtle Beach South Carolina
New North Myrtle Beach Condos
New Condos in Myrtle Beach
Myrtle Beach Oceanfront Condos
Condos Myrtle Beach SC
Myrtle Beach SC Real Estate
Myrtle Beach Real Estate
North Myrtle Beach Real Estate
North Myrtle Beach Condos
Myrtle Beach South Carolina CondosLabels: condos, condos for sale, golf packages, Myrtle Beach Golf, myrtle beach real estate |
posted by Myrtle Beach Web Design @ 3:09 AM
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| Wednesday, February 07, 2007 |
| Myrtle Beach Real Estate Sales News |
According to our resident real estate expert at the Sun News, Jenny Burns, our real estate agents are seeing an increase in sales interest from January. My clients and websites are reflecting that as well.
Sales of Myrtle Beach condominiums are still low, but that is to be expected until the glut of building and large amount of available new condos is taken care of.
Myrtle Beach condo rentals are at an all-time high. My friends at Condolux had the best year ever in 2006, and are geared up for 2007 with about 10 new projects to add to their rental lists...from Kingston Plantation (seemingly the hottest place down here for rentals) to the recently completed resorts like Bay View Resort in Myrtle Beach.
This could very well translate into a better environment for sales...and certainly more traffic to the condos that have on-site sales offices.
According to Jenny, new homes sales fell more than the prophets expected it to. I guess even though they "created" the bubble in the first place, they aren't always powerful enough to control the market just by the word of their predictions. And yes, I said they created the bubble. I am firmly convinced that it never would have happened anywhere if they hadn't kept screaming about it ad nauseum for the whole year that sales were so high. It was a self-fulfilled prophecy.
They report that single family home sales fell 24 percent to 296 from 389 last January. Sales of condos in Myrtle Beach and the Grand Strand fell 35 percent to 276 units from 425. This according to the local MLS people.
It was also noted that some home prices dropped, but CONDO prices jumped 32 percent in average and 25 percent in median.
Days it takes to sell a condo increased from 160 to 345 days, while homes seem to sell much faster...only increasing to 160 from 143.
My friend Diann Tonnesen in Las Vegas predicted the turn around to take about 17 months from last summer. She's been in the business for more than 20 years, so I value her opinion. My group around here are perhaps a bit more optimistic. Myrtle Beach real estate sales tend to run much differently than some place like Las Vegas...or even the Florida beaches.
Also, our insurance crisis on condos is so in the news that I think buyers are waiting to see how that turns out. I'm seeing the leads and the interest, but there is more hesitation to buy unless they are looking for a personal vacation condo and feel like they can handle the price. And with rentals being so good, perhaps they can increase the price for them to help assuage the extra costs for HOA and insurance fees. People are going to come and vacation at Myrtle Beach regardless. It may slow down the spring breakers (no loss there) and maybe limit the number of days people stay. Perhaps in the future these condo rental places may need to make an availability for 3-4 day stays instead of requiring a weekly deal.
At any rate, it's very heartening to see more leads coming in and the various real estate websites doing well. Since I do real estate marketing, I appreciate it!
 Labels: condos, condos for sale, myrtle beach condo rentals, myrtle beach condos, myrtle beach homes, myrtle beach real estate, new condos, preconstruction condos, real estate marketing |
posted by Myrtle Beach Web Design @ 2:55 PM
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| Sunday, February 04, 2007 |
| Move Over Donald Trump! |
In the past five years I've been in the middle of some of the most savvy hotshot realtors, builders, and developers in Myrtle Beach. Many of them are pretty amazing characters. Some are great and good people. Many of them are not so good. It's been a real education.
But I've also met and made a few really good friends along the educational road, and one of them, quite by accident, ended up becoming a close friend and confidant.
Lane Yates, along with his wife Sunny and their two boys, live on Lake Norman, close to Charlotte, NC.
 Lane is a self-described "unique real estate visionary, who simply sees things differently." He has an approach and perspective of real estate that is unorthodox, yet conservative... using the gadgets of modern technology, but at the same time, living by the morals and sweet disposition he inherited from his good southern family.
In a word, he's a budding Donald Trump with a conscience! Pretty amazing, isn't it? Lane began his real estate investing and development career in 1989, shortly after graduating with a Civil Engineering degree. He was influenced by his father to pursue construction at an early age, which ultimately lead him to pursue developing and investing in real estate. He lived in France for several years, meeting and marrying his wife Sunisay, a very beautiful lady of Chinese descent, who is herself a respected Lake Norman real estate broker. Lane and some partners have developed a large community called Salisbury Village, and he recently began a tremendous project of developing much of the island of Grand Turk, in the Turks and Caicos, British West Indies. I went there several years ago, and fell in love with it like no other beach that I've ever seen. The flourescent, NEON, aqua water in that part of the ocean is just unbelievable. It's a big celebritiy hangout too. I asked Lane to answer some questions and talk about his career and ambitions for me to post here. Just listening to him fascinates me, and I feel blessed to have his council when it comes to holding my own in a working environment that is so alien to me at times. Jan: Lane, you have a new website and are getting ready to launch "yourself" to potential partners and investors, as well as customers looking for luxury real estate in the Lake Norman area. Tell me what you hope the website will accomplish. Lane: You had asked, what exactly am I selling? I guess the answer is my personal story, which might provide confidence to very high-net-worth individuals who may be considering purchasing real estate from me, or may wish to engage in business with me. Both objectives are my goal. Story telling is all part of one's success. Tony Robbins sells himself, Robert Kawasaki sells his personal story. Certainly Donald Trump is the master at selling himself when it comes to real estate, and other colorful events, etc. It’s nothing new... Politicians spend their lifetimes promoting themselves in various ways to be elected and then remain elected. Bottom line is that people connect to stories and what they think you know. Not all do, but most do. For most, selling is considered a game of persuading others to participate in some form of business or event. It’s all part of the game of psychology and it’s the way our minds function; including mine, if I yield to someone else's sales pitch. It’s my goal not to SELL, but rather depict winning locations in the most promising real estate markets and create solid real estate investment opportunities for as many peoples as possible. I like to live in an imaginary world, for that is how most everyone's dreams, visions, and desires first begin. My goal is to understand what others are looking for and turn dreams and visions into reality. Boastful or not, I know in my heart that I will become a very successful world-class developer if I focus on serving others well. I kind of like being a bit boastful at times, for I'm confident where I'm headed and where I'll be in another 15 years...as well as those taking my advice on investing in real estate. People that did not believe in me before are now believers. Those that think I’m not going to make it to the top are the exact ones that provide me the power within my soul. I love when people think down on me. There will always those out there that will hope to see you fall. I don’t know why that is, but always remember it. Bottom line is that people connect to real stories and invest in your experience and confidence. Jan: Who is Lane Yates? Lane: He is passionate and enjoys the game of real estate. Simply mention his name in many places, and you’ll see that he is highly regarded as an authority in real estate. Lane Yates is becoming a popular name among a new breed of real estate tycoons. Jan: What makes you an authority? Lane: Over the years, I've learned creative ways to market, sell, lease and negotiate properties. I know how to predict real estate cycles, buying trends, and how to forecast and identify winning locations. I've been on the front line making many deals and transactions. What I've learned in the past decade would take most others a lifetime. Jan: What is it that you do, exactly? Lane: My focus is land acquisitions and Real Estate Development; strictly in high-capital growth markets, particularly around oceans, mountains and lakes. My primary function is to identify and secure rare tracks of land having unique characteristics and tremendous development potential. I approach my developments and acquisitions with rigorous due diligence studies, using conservative assumptions. I incorporate macro and micro economics, raw data, and sophisticated analytical scenarios into all my development models. Jan: What projects are you pursuing as we speak? Lane: I'm currently developing a range of developments. This includes a 356,000 square foot mix use urban development in Salisbury. This City-within-a-City will incorporate retail shops, restaurants, banking, medical and professional offices, along with two hundred residential living units. In addition I'm developing one of the largest luxury resorts in the Caribbean, located on the island of Grand Turk in the Turks and Caicos. Sailview Resort will be a long term project, among other real estate ventures I'm considering.  Ocean Club Resort in Providenciales- Utter Paradise!
I have no doubt that Mr. Yates will do everything he sets out to do. Good looks, extreme intellect, a quick wit, and (most of all) a good woman behind him will see to that! :-) Myrtle Beach Web Design and Marketing Labels: Charlotte real estate, condos, Lake Norman real estate, real estate, resorts, Turks and Caicos |
posted by Myrtle Beach Web Design @ 4:37 AM
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| Wednesday, January 17, 2007 |
| North Carolina Real Estate VS Myrtle Beach |
Got a very statistically oriented article in my inbox from a newspaper in the Outer Banks area of North Carolina...Hatteras, Atlantic Beach, etc. Seems like their real estate market is worse than Myrtle Beach. Odd, because I had heard that was a super hot market right now.
It says the cost of living in the upper NC Beach area is higher than us...also surprising. Even to the point that New York and Boston were the only ones higher. I've never heard of that...and can't imagine why that would be.
Houses and condos in Myrtle Beach are slow, but not flat...yet. I have a realtor friend in Charlotte that deals with Lake Norman real estate, and she's going full guns. The last I heard, Brunswick County and the beaches like Holden Beach and Ocean Isle were still strong.
I find this article rather puzzling all the way around....
Economic indicators show downward shift
The Outer Banks Sentinel Wednesday January 17, 2007
The Dare County economic indicators now available through the end of November show a crashing real estate and construction market, a weak retail sector, but a 10.53 percent increase in occupancy taxes for the calendar year. Dare County building permit values fell 64.59 percent for November 2006 when compared to the same month in 2005. For 2006 through the end of November, construction was down 32.29 percent. Land transfers also took a dive with a year-to-date total loss of 42.03 percent compared to 2005. November 2005 showed a dip of 30.87 percent. Retail sales taxes for calendar year 2006 through September showed a gain of just 1.79 percent for the year. September shook out at .79 percent over the same period in 2005.Occupancy taxes through November show a 10.53 percent increase, although it is unclear whether the increase is in visitors or rental prices. Sales taxes on restaurant sales through November 2005 showed a year-to-date decline of .19 percent. The slowest month, based on sales tax collections for restaurants, was October with a 33.05 percent fall from the previous year. Neighboring Currituck County, through October 2006, experienced a 48.66 drop in land transfer receipts and a 29.2 percent drop from the previous year's building permit values. Retail sales in Currituck through September 2006 were up 15.14 percent, although September is reported to have had a 30.08 percent drop from 2005. A cost of living index prepared by the Outer Banks Chamber of Commerce indicates that Dare County residents pay more for grocery items, housing, transportation, health care and goods and services than the average U.S. consumer. In a comparison with other cities, including Boston, Atlanta, Philadelphia, Myrtle Beach, Harrisonburg, Va., Richmond, Asheville, Charlotte, Durham, Greenville, Raleigh, Chapel Hill and Tampa, only Boston and Philadelphia have higher living costs than Dare. ### Myrtle Beach Web Design Labels: condos, homes, myrtle beach, myrtle beach condos, north carolina real estate, real estate |
posted by Myrtle Beach Web Design @ 6:20 PM
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| Wednesday, October 18, 2006 |
| Condo Insurance Crisis |
The state of South Carolina, in its short-sightedness has allowed the insurance companies to put everyone that lives along the coast in jeopardy with homeowner's insurance. Nobody really knows right now what is going to happen...it's inconceivable that they will allow the companies to go up on our premiums 400-700%. But unless they can find a way to fix things, that's going to happen.
North Carolina has always had an elected Insurance Commissioner, and he could make the insurance companies jump and do tricks like trained dogs. If you called the commissioner's office with a complaint when you had problems collecting on an accident or something, you'd get a phone call several hours later from the offending company begging your forgiveness. I witnessed this twice myself, and it was amazing.
I was in Miami in June, and overheard CNN down there saying that the insurance companies had put in for a 100% increase on property insurance in Florida, and their insurance commission had granted them a 50% increase instead. That's how much pull they have, and the way it ought to be. South Carolina evidently has no such control, and they'd better get it, otherwise our condo insurance is going to ruin Myrtle Beach and the rest of the coast in South Carolina. Myrtle Beach Condo sales will be in deep trouble.
Here's the latest article about the condo insurance crisis...
Posted on Wed, Oct. 18, 2006
REAL ESTATE
Lawmaker airs plans to lower insurance
JENNY BURNS
State Sen. Dick Elliott, D-North Myrtle Beach, says he's working on legislation to keep insurance rate increases from driving Grand Strand residents from their homes.
As insurance costs continue to skyrocket, homeowners are finding their insurance bills are increasing as much as 600 percent to 700 percent, especially those living in condominiums.
Elliott said his insurance legislation will:
Require companies to operate in all parts of South Carolina, not just "cherry pick" certain areas.
Propose a move of the wind pool line to the Intracoastal Waterway from U.S. 17 Business.
Set up a statewide self-insurance pool where prices would be driven by losses within that pool.
Propose that the state insurance director become an elected position.
"In states where they have an elected insurance commissioner, insurance is cheaper, more available and there's a more stable insurance market," Elliott said.
Eleanor Kitzman, director of the S.C. Department of Insurance, said in late August she would move the wind pool line but no action has been taken, Elliott said.
Kitzman has the authority to move the line in an emergency.
Elliott is working with Senate President Pro Tem Glenn McConnell, R-Charleston, and Sen. David Thomas, chairman of the Banking and Insurance Committee, on preparing this package.
Elliott said all have agreed it's critical that insurance issues be a "front burner" item in January when the legislative session begins.
While these proposals may not immediately solve the problem, Elliott said they are a start towards a long-term stable insurance market.
Realtors say the insurance crisis is especially hurting the condominium market, forcing owners to sell and making it more difficult for buyers to afford to purchase the condos.
Elliott said the problem will also hurt the lending industry, which requires that a buyer have insurance before it can approve a mortgage loan.
The senator said he's seen "good times and bad times come and go" but he hasn't seen anything that could hurt the coastal economy as much as the current insurance crisis in the past 10 years.
Contact JENNY BURNS at 626-0305 or jeburns@thesunnews.com.
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Dick Elliott is the Elliott from Elliott Realty, which is one of the biggest companies that handles Myrtle Beach Condos - Rentals and Sales. He's got a big stake in the problem, so maybe that will make him even more likely to do something about it.
real_estateLabels: beach property, condo insurance, condos, myrtle beach, oceanfront condos |
posted by Myrtle Beach Web Design @ 6:39 PM
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| Wednesday, October 26, 2005 |
| A Shoreline (Increasingly) Edged in Condos |
Living In Spencer Estates, the Bronx
Robert Caplin/The New York Times
Condos being built at the Sunset Cove complex in the Spencer Estates section of the Bronx.
By CLAIRE WILSON
Published: October 23, 2005
DAN HENDERSON loves sitting on the patio of his new waterfront condominium in the Spencer Estates neighborhood of the Bronx. When guests come, he points out all the landmarks around Eastchester Bay, from Pelham Bay Park and City Island down around to the Throgs Neck Bridge.
When he is alone gazing out over the bay, he isn't wondering how this "big Throgs Neck boy," as he describes himself, landed in such a beautiful spot. He's wondering, he said, "where are the striped bass hiding so when I go out tomorrow I will be able to find them?"
The life-long fisherman and boat owner, who is a retired carpenter, and his wife, Judith, a retired school secretary, are among many newcomers to a cluster of condo complexes dotting the shore in Spencer Estates, a small enclave dominated by one- and two-family homes nestled between Pelham Bay Park and the Country Club section.
More on this article...
More on Preconstruction Condos in Myrtle Beach
More on Condos - Investing in Real Estate - 1031 Tax ExchangeLabels: condos, preconstruction |
posted by Myrtle Beach Web Design @ 7:28 AM
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