Two foreclosures just came on the market in the gated community of The Cloisters. It appears from the tax records, that both are currently owned by the Association in the community. The first foreclosure is Unit #1137 which offers 5,090 square feet of living space with 3 bedrooms, 3.5 baths and is priced at $1,295,000. This unit is 75% completed. The second foreclosure is Unit #204 and offers 5,660 square feet of living space with 3 bedrooms, 3.5 baths and is also priced at $1,295,000. This unit is 65% completed.
On paper they appear to be a good value, however it really depends on the condition of the interior. I recently sold Unit #1238, which closed for $1,775,000. And there has been one other sale this year in the community, Unit #307 which closed for $1,625,000.
If you are interested in learning more about these foreclosure opportunities in The Cloisters, please feel free to give me a call at 305-342-1623 or send me a message here.
I am a Coconut Grove real estate specialist and have earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.