is one of the most well-known and beautiful resort style condominium complexes in Ft. Lauderdale. It offers owners and vacationers alike a beautiful experience right next to the beach. Many who have purchased condos in The Palms in the past few years have done so as an investment. They may rent their condos when theyâ€™re away, or they simply plan to sell them at profit later. Never has there been a better time to invest in real estate at this location and other Ft. Lauderdale locations than now.
Interestingly enough, the average price paid per square foot of real estate in The Palms decreased rapidly in 2009, even while seven condos were sold during the year. Now, there are more than twenty beautiful condominiums for sale, and none of them have sold yet in 2010.
Donâ€™t let this worry you, though. It has nothing to do with this location itself and everything to do with buyerâ€™s hesitancy in this market. Condos at The Palms are so beautiful, though, that they are really a fantastic investment no matter how you look at it. Theyâ€™re located right on the beach, which is always a plus.
are great for resale because theyâ€™re so beautiful. They are outfitted with all the upscale amenities you can think of. The beautifully landscaped community has a pool and fitness center, and it walks right out onto the beach.
Right now, the prices are still low at this location. This is why itâ€™s such a good investment. Over the next few years as the Florida economy continues to bounce back, the price of a condo at the coveted Palms Ft. Lauderdale location will skyrocket. Whether you keep your beautiful condo or sell it at a profit, youâ€™ll be sitting pretty on a good investment.