JACKSONVILLE BEACH, Fla., Dec. 13, 2012 /PRNewswire/ -- Just a few years ago, most real estate investors would have shied away from investing in a condominium, especially in the housing market in Florida. But the real estate market is turning around and a condominium purchase can be a great investment, especially at Ocean's Edge in South Jacksonville Beach.
Ocean's Edge offers great appeal and strong investment potential to home seekers and investors alike. With a one-of-a-kind location, luxurious setting, quality construction and excellent pricing, Ocean's Edge attracts a wide variety of renters and buyers, including professionals, retirees and singles. Investors are buying into Ocean's Edge because the community is an attractive proposition in the Northeast Florida real estate market.
Unique Potential for Condominium Rentals
"There are few condominium rentals in this market and they rarely stay empty for long. This is a great time for investors to get in at Ocean's Edge," said Vikki Robbins of Victoria Robbins Realty, Inc. "There is a significant demand and a limited supply of rental properties and available rental properties are commanding high rental rates."
Affordability and Appreciation
Ocean's Edge offers luxurious one-, two- and three-bedroom condominium homes, ranging in size up to 1,417 square feet of living space and priced from $161,000 to $263,900. Small wonder the community has seen steady sales as the price point makes this type of investment attractive. With stable property values and no increase in Homeowners Association fees, Ocean's Edge is expected to continue to grow and outpace other condominium investments.
Attractive Financing Options
Ocean's Edge offers numerous financing options. The community is one of only 79 condominium properties in Florida with both Federal Housing Administration (FHA) project approval and Fannie Mae project approval, making it possible for qualified buyers to obtain low down payment, fixed-rate mortgages at competitive rates.
The onsite amenities at Ocean's Edge include a beautiful clubhouse, state-of-the-art fitness center, resort-style pool and lagoon, poolside grill and summer kitchen, lake with observation deck and private putting green.
The Bottom Line
Investors will be well-served to consider the advantages of condominium home ownership at Ocean's Edge as they seek to satisfy their ownership goals. The community is an attractive option for people considering an investment in Jacksonville Beach real estate.
Opportunities are limited. Visit www.oceansedgeliving.com.
SOURCE Ocean's Edge