Blah, blah, blah—“powdery sand, warm blue waters, dolphins frolicking, margaritas, music”—most condos on SK boast the same—and IT IS ALL TRUE! Buying a beachfront condo on the key is a great idea. Excuse the directness from one with 19 years experience. Here’s the scoop of what is important in selecting your condo: The LOCATION is outstanding. 2-lane Midnight Pass Road gets traffic jams but no worries getting on or off the island at Seashell because you are just over the bridge. And, SeaShell is located on the sand—no roads to cross or lugging your stuff through long parking lots. CONVENIENCE. Park your car under the shaded building and forget it. Anything needed is in walking distance. Across the street is Captain Curt’s restaurant, entertainment at the Sniki Tiki bar, ice cream, coffee shop, groceries, drug store, clothing, rentals and 15+ restaurants. The free trolley to SK Village is right in front. RENTAL PROGRAM is awesome with flexibility and low fees because it is managed by the Association. 10% and 15% commissions are lowest you will find, not 18 to 25%, and that means more net income. With options to accept monthly, weekly, even 3-day rentals so in the slow seasons of Sept to December you will have long-weekend rentals while others set empty. Onsite office handle the headaches of tenant bookings, collecting payment, remitting taxes, 24 hour service issues and more. Ideal for out of towners. But you always have the option to augment rentals on your own. Major STRUCTURAL/MECHANICAL building upgrades are complete. All of the original cast iron drain pipes have already been replaced with PVC as a permanent fix. MANAGEMENT. Some buildings use a 3rd party whose interest is the Management company, not the building owners. SeaShell employs it’s own licensed manager looking out for your interests. Unlike condos where owners have regular assessments for the appearance of low fees, reserve accounts for both mandated and not-mandated items are 100% fully funded. The monthly association fee is one of the lowest on the island for the size building and was reduced this past year. In contrast other buildings have higher fees and rental commissions so there is no way for an new owner to even break even. How do you fully fund reserves and still have low monthly condo fees? By good management. A LOT is included. Premium cable TV with 10+ channels of HBO &Cinemax. (guests love it) Private PW protected wifi and hardwired Ethernet at no extra charge saving $150/mo. (ideal for renters working securely on vacation). Comp beach chairs and tiki shade huts. Fall 2021 a brand new beach BBQ hut will be built and is fully funded. So when looking at the “everything-is-roses” and “standard-disclosure- information” presented to you understand the untold story is more important. The TRANSACTION—As a For Sale By Owner I would recommend using Voight Law Firm and title agency to handle the purchase agreement, title search and insurance and handle closing. if you are a Buyer's Agent: if you actually do have a legitimate buyer, then I will work with you in a satisfactory fashion and you know the drill.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
