About Pompano Beach's Beach/intracoastal

Here is the second in a series spotlighting oceanfront condominium buildings in Pompano Beach, FL. This time the featured building is Ocean Colony located at 1620 South Ocean Blvd.

Ocean Colony was built in 1971. It is a sixteen story building. It is 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 5 for for sale, which is unusually low in this market of very high inventories. The residents must be happy there. Asking prices range from $245,000 for a one bedroom up to $579,000 for a two bedroom penthouse. There are no three bedroom units currently for sale. See the inventory here.

If you are thinking of buying or selling in Ocean Colony, contact me for a tour or a free market analysis.

Tom Day, ReMax in Motion

www.TomDayProperties.com

Below is a report of all the closed condominium sales in Pompano Beach Florida east of the Intracoastal Waterway. All information was gathered from the Multiple Listing Service (MLS).

The area is averaging 22 closed sales per month. There are currently 790 active listings which equal 36 months of inventory at the current rate of sales.

For previous months reports click here.

Tom Day, Re/Max in Motion

www.TomDayProperties.com