The Sonesta Condo-Hotel
January 11th, 2010 | categories: Coconut Grove Condos
The Sonesta condo/hotel in downtown Coconut Grove is great for those people looking for a second home with income opportunities.
When you buy in The Sonesta you have the option of placing it in the hotel’s rental pool which allows you to earn income on the property. The hotel does charge you a fee and the amount of the fee depends on how frequently you place it in the pool.
They have some great new properties for sale starting at $145,000 all the way up to $1,600,000. It is a full service building and they have just installed a new pool deck on their rooftop pool. The building offers great views of Sailboat Bay.
It has been my client’s experience that those who place their units in the rental pool for a majority of the year are able to cover their annual expenses.
For all properties available in The Sonesta please click here.
As always, if you are interested in buying or selling real estate in Coconut Grove please feel free to give me a call at 305.342.1623 or contact me here.