Prices are steady and values have stabilized. Interest rates are starting to trend up after reaching historic lows. Premium views and locations are selling out and some floor plans have limited availability. In real estate, timing is everything and there’s never been a better time to buy a beach condo at red hot Ocean’s Edge.

Prices have remained constant since Ocean’s Edge opened for condominium sales in September, 2009. As a result, property values for the seaside condominiums have stabilized and appraisals have been coming in above asking price which is unheard of in the current market. One bedroom condos sell for $161,000 to $171,000. Two bedroom condos sell for $216,000 to $226,000 and three bedroom condos sell for $249000 to$259,000. The price range depends on view from the unit and proximity to the beach walkover to the Atlantic Ocean. As a result of stable property values at Ocean’s Edge, all appraisals tend to come in at the upper end of the price range.

Stable property values and high appraisals mean peace of mind

Mortgage interest rates reached an all-time low of below 4% in late September/early October. As of mid-October, this downward trend has stopped and, although still historically low, interest rates are now 4.15% to 4.25% for a 30 year fixed rate FHA or conventional mortgage. Ocean’s Edge has the distinction of being approved for both FHA and Fannie Mae-backed conventional mortgages. There are very few Florida condominiums with financing approval. As a result, most condominium purchases must be in cash. Not so at Ocean’s Edge. Purchasers may select from a wide array of low down payment fixed rate mortgages or they may choose an adjustable rate mortgage. The best news is that they have a choice.

With Ocean’s Edge more than 70% sold out, some locations and floor plans have limited availability. Some floor plans are down to one or two left for sale on the first and third floors. To the savvy investor, this means that it is definitely time to make your move before you miss out. There is only one first floor Cayman available and only two, second floor Aruba plans left for sale.

Interest rates are starting to trend up after reaching historic lows

If you believe that timing is a key component of making any financial decision, now is definitely the right time to buy your brand new Florida beach condo in Jacksonville Beach. When you add it all up – low, stable prices, high appraisals, low but upward trending interest rates, limited availability of some locations and floor plans and a community approaching sell out – there has never been a better time to buy!

The well-known saying, “You don’t get something for nothing,” couldn’t be further from the truth for buyers at Ocean’s Edge in south Jacksonville Beach. The beach side community of condominium homes, which offers a wonderful beach lifestyle at an exceptional value, is currently offering buyers a choice of incentives including paid closing costs or pre-paid condominium fees for 18 months.

There’s never been a better time to purchase a beach condo at Ocean’s Edge because of a one-of-a-kind location, excellent pricing and a choice of incentives too good to miss. Ocean’s Edge has enjoyed tremendous success for many reasons and now this limited-time opportunity makes it even more attractive for new home buyers.

Buyers have been drawn to the community’s unparalleled location east of Florida A1A and steps from the Atlantic Ocean as well as lush tropical surroundings, first-rate amenities and pricing that is within reach. Ocean’s Edge offers one, two and three bedroom residences ranging in price from $161,000 to $259,000. Since the community opened for sales in 2009, pricing has remained stable and appraisals have been coming in above asking price, which is unheard of in the current market.

Financing available at Ocean’s Edge

There are very few Florida condominiums with financing approval and Ocean’s Edge has the distinction of being approved for both FHA and Fannie Mae conventional mortgages, making it possible for buyers to obtain low down payment, fixed rate mortgages at competitive rates. With these financing approvals, Ocean’s Edge is able to offer mortgage financing to primary and second home purchasers as well as investors.

For all these reasons, Ocean’s Edge has enjoyed tremendous success. According to year to date MLS data for condominiums priced between $160,000 and $300,000 in Jacksonville Beach, Atlantic Beach, Neptune Beach and Ponte Vedra Beach, sales at Ocean’s Edge represent more than 40 percent of all the condominiums sold.

Come in and see us today or call for more information 904-247-9052