The CHEAPEST and NICEST Oceanfront Condos For Sale (East Coast Edition)
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- Опубліковано 7 жов 2020
- After doing several videos showing you where you can get the cheapest oceanfront rentals on both coasts of Florida, this video came highly requested. Today I'll be showing you the cheapest and nicest oceanfront condos I could find after scouring Florida's entire east coast!
The criteria is must be under $300K, 2 bed 2 bath minimum, and must be oceanfront. Let's check them out!
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If you are new to real estate or aren't sure whether you want to buy a house or condo, then check out this video here: ua-cam.com/video/CGqK4u_Cbjs/v-deo.html which compares the differences between the two 👌
What’s UA-cam thinking recommending this video to me when the Miami condo collapsed just two days ago
It good information for people to have a quick reference to beach condos. When buying condos in my view it is important to consider the association fees as well as the Money reserves the condo has and what repairs and costs are needed that have been put off.
As you know, and you taught me this in a previous video, the prices on condos can be hiding some pretty significant HOA fees, taxes, building maintenance issues, special assessment levies or future levies, lack of reserves, shady condo associations/management companies, odds of flooding, etc. that can cause some owners to take a beating just to get out of there.
Michael, I know this isn't the case with all these you showed, but I would have to hire you or someone like you to ferret out the truth!!!
Yes this is totally true and its very important to perform the proper due diligence on any property you buy especially condos. I think that might be the case for a few of these, but others I just think they are in more remote beach towns with less going on, so therefore cost less. And it is important to have the right agent on your side for sure!!
the only downside is that in the below 300,000 range you will not find a 2 bed 2 bath apt where you have banks, restaurants grocery stores, fitness gyms an a big mall within a 10 minute walk. It was why I chose to buy a 400, 000 2 bed in Brickell 10 years ago in Brickell. I moved 2 years ago an moved out of the country, but watching your videos has me thinking of moving to Miami Beach.
Yeah that is probably true for most of these I didn’t pay too much attention to that but as a general rule of thumb most likely. Even though Brickell is right across the bay it’s nothing like living in Miami Beach that’s for sure. Maybe you should give it a try
Great video Michael, mostly great properties discussed. I’m looking forward to a video on studios/one bedrooms for those who want something smaller or want to downsize!
Great info keep up the good work!
Wow! That’s awesome! Thank you so much Michael! So inspired by your videos.
My pleasure! It makes me feel great knowing I am inspiring others with my content. Thank you so much for watching Victor!
Love looking at different units!! Thank you!!
Awesome, glad you like it!
Florida loves their HOA fees, and those fees are for life.
You got that right!
as long as you own it. you make nooooooo sense.
Yep! I don't do HOA anything.
It's like owning and renting at the same time and u are controlled. yuck!
@@miketheyunggod2534 you do pay hoa even when you own the property
Great piece Michael. One thing I don't get about how people perceive condos "deals" is that if you add HOA fees and if you finance the buy, the monthly payment can easily be as much as 50% more. Example...A $100k condo with a $300 HOA, financed at 3.5% equates to that figure. Here's an idea for a futur video...how about a biggest bang for the buck condo video (with figures), as an example.. "Here are the 3 best deals you can get for $150K and the lowest HOA fees, that doesn't look like crap".
Thank you Rob! I like that video idea. However, almost always the places that have the lowest HOA fees is bc they have 0 in reserves and are also the most likely to see a special assessment and or a hike in HOA fees at any moment. I wouldn't necessarily consider a place with the lowest HOA fees the best deal. A lot of times it could end up being the worst deal. The real question to ask is if the place is financially healthy and to vet that before buying
Yeah, you get war you pay for, lol. A &150k condo with the cheapest fees will be a tiny shithole.
Thank you Michael!
I would love to see a video like this of "studio rentals" in miami beach, I think many people will watch that one considering the economic times ahead...
Thanks, I'll consider doing that. I said at the end of this video why I did not include listings like that, but I have had other requests like yours so I just may do it 😉
Yes I agree!
Fair point, but do you think contractors are building to suit like that?
@@lextacy2008 There are not too many new studios being built now, but there are plenty of them out there already
Another excellent video. Ground floor units are great for people with dogs and kids! And of course people with hip, back or leg issues that prevent them from walking too much/climbing stairs etc. I love these small buildings too, the check all the boxes.
Thanks M Styles! I agree, they do serve a good purpose and even though the view is not the best in show, it does have a lot of advantages over units that are higher up 👍
thanks for the update.
Michael, another interesting video, full of useful information and perspective......Thank you very much.......
My pleasure Jim!
My husband and I are moving back within the next few years. We need you for a realtor! I want one of these condos on the beach!
Haha that's great susan! Although my goal is to stop working as a realtor and just make youtube videos😄
Excellent video thanks
So glad you enjoyed it😀
Would love to see an updated video with 2023 pricing!!! I've subscribed and hope to see it soon thank you.
Would love to see a video on the job market in Florida!
Enjoyed video thank you !
Really glad to hear that 😊
Great video mate. If you’re looking for topics I wonder if you consider doing a video on condo price vs. what it would rent for as a vacation rental. 👍
Thank you Andrew, and I appreciate the suggestion!
Good content again bravo ! I am not a big fan of condos but that is interesting anyway.
Thanks a lot! Yes condos aren't for everyone. But I did a couple on houses too in the past in case you missed them
HOA is the issue for me in buying one... even if I pay it off I’m still paying often $500/mo or more to HOA!
That's correct although when you own a house you still have to pay for any maintenance and upkeep on the house which is sort of the same thing it's just not as consistent of a payment
the emenities arent free bub.
You should do a live show with another great Vlogger from Boca "The Barefoot Vlogger" would love to see you guys compare experiences living in Flordia
Thank you Michael, We already have a a condo in Nj full service, with NYC view our hoa fees are expensive we have 3br 3bath we are keeping this but we would like to have a smaller place for the winter.
Sounds great!
Awesome video, can you do houses you can get with huge backyards for $300,000 in more private areas but within 1 hour to beach, thanks
Great video, really helpful! I think a good video would be Regions close to Miami you can buy/rent if you work in Miami (as Miami is crazily expensive and sometimes going some miles away you can afford something much better), I'm moving from London and here you can find amazing deals when you go like 30 minutes away from London city.
Thanks Eduardo! I could do a video like that, although to get out of Miami and commute to work, you will be looking at a pretty lengthy commute each day, possibly 45 minutes or longer. And even the surrounding areas of Miami aren't much cheaper
@@MichaelBordenaro Thanks a lot for replying! Your channel is helping me a lot on my moving decisions, and only your answer already helps as I thought outside main area would be cheaper but as you said is not! My office is in Doral but, for what I can see, is about same price!
@@Cheveau2 i’m glad I could help you like that Eduardo. Yes I would say in Miami it’s best to live close to your work so you don’t get stuck commuting far each day
I hear you. Thank you for those properties for any one if us.
You're welcome Lemard!
Please keep giving your good advice. Thanks.
@@LMays-cu2hp I will, thank you!!
Haha. You are welcome. Well, we have had some warm days here in Chicago since Wednesday..Today was about 80 where your great state is warm all of the time. Haha. Thanks again.
That hair curler building in Daytona can't be new! No way.
Yes, you are right John. I saw construction, and new in the listing description and assumed it was new, my bad. However, it is true the building is under construction, and that is why they are only accepting cash, because its not eligible for financing. Good catch 👍
Thanks for the info Michael. I will follow you now from now on. Do you have also a 3 bed 3 bath on a high floor waterfront similar to what you showed here?
You're welcome! 3 bed condos definitely exist. They're not as common as 1 and 2 bedrooms but they are out there
This video is so valuable, thank you.
Is there an update?
I did an update on the rental version of this but not the for sale version. Sounds like its time! Glad you found it valuable!!
Could you make a video talking about the insurance costs depending on the age of a place & a home vs a condo?
I thought about that, but the rates vary so much based on place to place and company to company I'm not sure how helpful that would be. Maybe some averages
Ironically, Maison Grande, the time capsule on Miami Beach at 60th Street and Collins has now been identified after a City inspection as an “unsafe structure.”
Man I have always hated that building (for other reasons) and I know they have always been extremely cheap when it comes to keeping the place up, so I am not surprised at all. I guess they will be evacuated next.
ill be there in Miami Beach next week for almost 5 days if you would like to show me around and discuss options and answer a few questions thanks
As you can imagine, I get a lot of requests like this, so the first thing is we need to do a consulting call (can be a short one) before you come to see if us working together is the right fit. Then we can go from there. You can book one here: michaelbordenaro.com/book-service/
hey. Which city is best to live miami or Orlando or Jacksonville?? please tell me.
INTRIQUING!! UNIT IN THE 55 PLUS CONDO WAS WHERE?
condo buying is tough. I would love to buy a condo in orlando, kissimmee, or melbourne...but with the hoa or condo association fee and the taxes, and the homeowner insurance, and sometimes a "special assessment fee"....its just tough...any condos in orlando without any fees or homeowner insurance or taxes required?
You’ll notice that there’s a reason most of the unit’s offered are on the ground floor; they can’t see the water. That’s a big deal especially for renters.
That and probably because it is more vulnerable to flooding. But I personally don't care, especially if you are in a building with 10+ floors because if you are on the other side, you can't see the water anyhow. But a good amount of them also were on higher floors with a view too
As for 1st floor condos, I saw a report that flood insurance does not cover the first floor !
Is that true ? Better check that out, buyer beware.
Hi Michael i video is pretty good for retires like us but i checked few condos on Trulia and surprised with the HOA fees.........you can add few hundreds more and rent a decent place.Any place HOA fee is reasonable near beach on east coast.
Thanks Raja. There is no magic way to find a building with a decent HOA. Just have to find a building you like and check. However, a lot of times when the HOA is very low, they usually don't have reserves and that can be a separate issue. Its actually better to have a higher HOA and the building have reserves
You can get a ocean front unit over 900sf for under 300k...the problem is some HOAs are over 1k
Most of the time the HOA‘s are not over $1000 per month.
Any videos with key west condos/homes?
No sorry not right now
In those properties with HOA , property taxes Nd house payments you will have to pay 4k monthly ..
That's not true because if you go back and check these individual listings the monthly expenses will probably be anywhere between $1800 $2500 per month on most of them. That's with taxes insurance and HOA and mortgage. You would need to be in the high 300s even $400,000 price range to be paying 4K monthly on a property like these
@@MichaelBordenaro i want to buy a house in Miami area maybe you can help me to find one i lived there for 4 years and i want to come back
@@unknowndriver6652 If you want to book a consulting call with me we can discuss it. But I can’t make any promises. People say things like that all the time here on UA-cam. You can book a call here michaelbordenaro.com/book-service/
@@MichaelBordenaro i dont need consulting i need someone to help me find a house when its the right time i think next year. I know everything abput Miami i runned a tourist bussines for 4 years any restaurant, hotel , mall you name it ive been there Miami is a ghost town all the properties and bussineses are own by investors from abroad, Jews and russians owned almost everything
TIME TO UPDATE THIS !!!
I did one a couple months ago here ua-cam.com/video/f0dv4WUXBTY/v-deo.html
Need to mention current maintenance fees a month.
What is the range on monthly HOA fees on those units? Probably $500+.
Yeah $500-700 range on most and some were even less. I saw a few that were as low as $300 and others of course much higher due to short term rental
Are these condos wood that’s susceptible to hurricane damage?
No these condos are always made of concrete, never wood. There might be some wood framing in the interior walls, but exterior is almost always concrete
What’s it like being in a high rise condo during a hurricane?
Not fun! I made a video about that before, I'll link it here ua-cam.com/video/aSE4AOT_jtA/v-deo.html
Thanks for the great video Michael! Just found you! Would you be able to help us find the right home? We are from NYC are looking to move to a calm and peaceful Florida lifestyle in a beautiful safe neighborhood by the ocean for under under $200,000. We do not know anyone in Florida nor are we familiar with any of the towns or neighborhoods. We would love a 55 and over community or anything else that you may suggest that would be affordable for us. Would really appreciate your help! Thank you so much!
Welcome Diana! I'm really happy you found the channel and you enjoyed the videos. I only work at Miami Beach as a real estate agent and I'm pretty selective with the clients I take on nowadays because I am so busy. So probably wouldn't be able to help you. My main goal is to help people as much as I can through this UA-cam channel 😀
Alot of info went into this video.. I remember when there was 2.6k subscriptions..not its doubled in subscriptions in a few months
Yes it did, the research ahead of time to put all these together took a while, glad you could appreciate that Criss. And you're right! The sub count keeps steadily growing😊 Super grateful for everyone coming on board and I always appreciate your encouragement in the comments. You were the only one to say lets get him to 7K lol💪😎
Am I crazy or is the grass in Florida way different? It looks more neon green, thicker, less blades per inch. Its also harder and not as soft as in the north. Its basically thick Astroturf looking stuff. Why is the grass different?
No I think that is actually correct. The type of grass is a different breed here than up north. I am not familiar with the terms and names of the grass, but it is definitely thicker here. BTW, grass everywhere in the U.S. is an "invasive" species. We use it for aesthetic purposes, but it is not native. If you look at the everglades here or prairies in the north, then you can see what the "real" grasslands of the area look like 👍
@@MichaelBordenaro thank you Michael!
a lot of what I've seen in Florida is like our crabgrass in the north east, which we consider a weed. It's what grows well in Fla, also look up zoysia
How much would it cost to rent a 1 bedroom apartment, not near the beach so that its cheaper + all the fees? How much would it be? 1.700$ a month?
Well it really depends on where you want to rent that 1 bedroom, but $1700 is more than enough to rent a nice 1 bedroom just about anywhere in Florida
prices will continue to fall after what happened recently. also rising water levels to come.
That is possible, its also possible, everyone forgets about this in a couple months from now and business as usual. Time will tell
Over 200 people died. No one is going to just forget that in three months, hon, lol.
Is it the hurricanes that made it to where all these basement level condos are renovated lol ijs tho
Haha I have no idea, but it could be 😆
I wonder if 1 bedroom apartments are cheap to rent in Satellite Beach?
Based on these prices, my guess would be yes!
@@MichaelBordenaro I'm going to consider looking there for an apartment. Not sure Pensacola will be warm enough in the winter for me anyway. Lol
@@JosephWilsonProductions Good choice for price but also because when you get that far south, it is much warmer all year than pensacola 👌
As someone native to the area, you SHOULD have kept it to YOURSELF, look at what the market has come to man!
Does the China virus go through the air ducts throughout the buildings and condos units?
I have no idea, but I doubt it for 2 reasons. One everyone would be sick who lives in a condo and two most condos have independent air ducts for each unit. The only common air ducts are in the hallways and common areas
Tell me how your pulling up this listings
Im just filtering them down to my price point and size and then scanning the coast up and down the map and looking for the best ones 👌
Usually with “affordable” condos comes high HOA fees
Sometimes but other times, the HOA fees are low too, but that is not necessarily a good thing if no reserves and lots of deferred maintenance
Any videos with condos on the beach for 499k?
Not at the moment but thanks for the suggestion I may do a follow up since this video had some decent success
How can I contact you in private since we are thinking to buy beach front property for short term renting.
Hi Hang, you can book a private consulting call with me here michaelbordenaro.com/book-service/
Hi Michael, is there a charge for the consultation?
@@hangphan8936 Yes
any comment about snakes ?
You mean by these buildings?
What are the hours fees
HOA fees
You would have to google the addresses on the units I showed in order to find out. I'll remember to include that in future versions of these videos 👍
Did we forget the monthly condo fees?
Can you live in a condo hotel as your permanent residence???
Sure you can!
@@MichaelBordenaro okay cuz I had a guy tell me I couldn’t live in it! And I was wondering where the mail would be sent to
@@robb4306 I don’t know why someone would tell you that. If it’s your property that you own you can definitely live in it. Most likely the mail would need to go to the front desk though if it doesn’t have its own mailbox
HOA FEES 500 A MONTH PLUS YOUR PROPERTY TAXES 2000 A YEAR
Those are pretty common figures on properties like these
Total 10k a year.. no thanks
Under 300k lol i guess USA is finally less expensive than Canada. You wont even get a 1b+1b for that price trying doubling it and then you will have a 1b+1b
There you go!
But what's really going on in Cocoa Beach area.?
Not sure if I understand your question
Too bad you can’t get houses in Fla. for 300k near the beach anymore !
Actually you still can
@@MichaelBordenaro you should do a video about that!
@@anyimjones1489 The most recent one I did was a few months ago, check it out here when you get chance 👌ua-cam.com/video/VU7tdJ1obgw/v-deo.html
Death traps!
People from the northeast driving up real estate real bad in FL, Floridians can’t afford to buy, not looking good.
Not just from there, but from all over
it is not new it is from 1974
Yeah that was mistake 🤷♂️
HOA? Cant really compare without knowing how much is HOA fee.
Don't remember, this was a while ago, but all the HOA fees were pretty "normal" for these type of units, so it really comes down to price and amenities / location. Of course you'll always need to verify the HOA fee on any property and determine if its worth it
Im about to explode. In europe , this would be considerd a poor lifestyle. Why is it soo cheap in florida, it makes no sense .
Its not really that cheap anymore, prices here have been going up very fast in the past few months. I have a video coming out about that tomorrow
Much more land here than in Europe.
cheap condo.. sky high HOA or Condo fee.. insurance..ect.. ... so .. buyer beware.