The End is Near

Posted on March 7, 2011 | by Denny Oh

As you know, I’m a fan of Bosa Development’s, The Grande condos.  Additionally, one of my all time favorite floor plans is the E plan at the Grande.  Right now, there’s a penthouse E plan for sale at The Grande and I think it’s an incredible deal.  Originally priced at $2,790,000, this 36th floor penthouse condo was being offered fully furnished.  Since then, the owners have lowered the price and excluded the furniture from the sales price.

 

In January, the price dropped to $1.95M.  Six weeks later, it came down to $1.85M.  Now, this beautiful penthouse has come down yet again, to $1.79M – that’s a $1,000,000 price drop in about 3 months!  I don’t know about you, but when I see a seller lower their price three times over three months, I’m inclined to think that there’s a deal to be made.

At $920/sqft, this isn’t exactly cheap, but it’s not bad at all.  Unit 3903(top floor penthouse in the Grande North) recently sold as a short sale for $1.65M.  However, this was a short sale and there weren’t as many upgrades.  After you consider how much money the owners put into this 36th floor penthouse(about $900K), the $1.79M price tag starts to look like a steal.

Anyhow, if you’re looking for a great condo, this 36th floor penthouse at The Grande South might be the one for you.  The views are pretty well protected and the finishes are some of the best I’ve ever seen.

Click here to see what’s for sale at The Grande condos.

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