Building Spotlight - Ocean Colony Lauderdale by the Sea, FL

Ocean Colony Condominium is located at 1620 S Ocean Blvd in Lauderdale by the sea, FL. It was built in 1971. It is a sixteen story building shaped like a large L and features one of the largest pool decks in Broward County. There are one, two and three bedroom floor plans. The three bedroom units are 1601 square feet and are all in the stack closest to the beach. The units that are lettered A, B, D, F, K, M, and P all have ocean views. The rest either face north or west.

Ocean Colony is a beautiful building that has had major renovations lately. The most important improvement to potential buyers being all the glass in the building has been replaced with impact resistant glass that eliminates the need for hurricane shutters. Owners were assessed up to $50,000 each for that one improvement alone. The lobby has been remodeled and makes an excellent impression to first time visitors.

There is a security guard on staff 24 hours per day. The amenities include a pool, community room, a well equipped fitness room, and saunas. Residents can use the tennis courts next door at Aquazul. There is a parking garage and outdoor guest parking. On each floor there is a recycling room. The units even have washers and dryers which is unusual for a building built in the early seventies.

Pets are not allowed in the building. Leasing is allowed after the first year of ownership.

Of the 201 units in the building only 6 are for sale, which is unusually low in this market. The residents must be happy there and not selling. Asking prices range from $275,000 up to $575,000 for a corner unit. There have been 6 sales in the building in the last 12 months with prices ranging from $200,000 to $425,000.