Cocoa Beach Condo Sale Sets Per-Foot Record
MERIDIAN CONDO SELLS FOR $390 PER SQUARE-FOOT
ABOVE VIDEO: RE/MAX Elite’s McCoy-Freeman Group set an all-time sales price per square foot record for a direct ocean condo. McCoy-Freeman listed and sold a top-floor, three bedroom, two bath 2,072 square-foot condo at the luxurious Meridian Condo in Cocoa Beach for $810,000 – totaling a stunning $390 per square-foot.
BREVARD COUNTY, FLORIDA – Brevard’s real estate market is now considered a “seller’s market” meaning prices are going up and buyer demand is high.
Sellers are demanding top dollar for their listings and one real estate team knows how to sell their client’s property for more money.
“Effective marketing is the first step, but knowing how to negotiate the best terms is most important,” said Realtor Jennifer McCoy with RE/MAX Elite’s McCoy-Freeman Group.
Recently, the group set an all-time sales price per square foot record for a direct ocean condo. McCoy-Freeman listed and sold a top-floor, three bedroom, two bath 2,072 square-foot condo at the luxurious Meridian Condo in Cocoa Beach for $810,000 – totaling a stunning $390 per square-foot.
“Compare this to the highest condo sale so far this year in Brevard, which was $975,000 at La Colonnade Condo in Indian Harbor Beach,” said Realtor and Space Coast Daily real estate columnist Bobby Freeman.
“This four bedroom, four bath southeast penthouse was 3,779 square feet, totaling $258 per square foot.”
The group also listed and sold the highest price single-family home in the popular Savannah’s Golf Community in Merritt Island.
The five bedroom, three bath, 3,004 square foot home sold for $430,000 in just 34 days on the market – it the highest sold property in the Savannah’s since April of 2007.
Another record breaking sale was at the Sandcastles in Cocoa Beach. Sandcastles is a very popular investment community that allows weekly rentals. The group listed and sold a top-floor direct ocean corner, three bedroom, two bath condo for $550,000.
“The potential rental rates for this winter range from $1,800 – $2,200 per week,” said Sal Burke, Realtor & Property Manager for RE/MAX Elite’s McCoy Freeman Group.
The McCoy-Freeman Group with RE/MAX Elite has offices in Cocoa Beach, Melbourne, Palm Bay and Merritt Island. McCoy-Freeman has been the top producing group for RE/MAX Elite for the past seven years and now offers their clients full service property management for investment rentals.
“Investors are back – especially at the beach,” said Freeman.
“We are selling a lot of vacation investment condos and the announcement of the $80 million development of Port Canaveral will only help to attract even more investors to our market.”