Scenic Sotheby’s International Realty sold all units at Waterhouse condominium within 86 days of introducing them to the market.
This sell out is encouraging for our local Real Estate market; each unit sold at full asking price.
Originally developed as Magnolia Private Residence Club, Waterhouse offers first-class amenities typical of much larger developments that include: an owner’s lounge with full kitchen and game room; a rooftop deck with pool, spa, and gas grills; a full fitness center with steam sauna, dry sauna, and locker rooms; and beach access immediately across 30A.
The private residence club concept and design made this development an exciting one to convert from fractional ownership to whole ownership. The location of Waterhouse along 30A between WaterSound Beach and Alys Beach makes it ideal for vacation rental or second home use, and the activity in our market was favorable for listing and selling it in a timely fashion.
Supply and demand, premium construction quality, and available amenities were each a factor considered when pricing the Waterhouse units to sell. Third and fourth floor units with views of the Gulf of Mexico sold at higher prices in the building. The goal of our pricing strategy was to not only realize the greatest return for our seller, but also encourage buyers to act by offering undeniable value at an attractive price. Our successful results proved right!
We held an open house exclusively for Scenic Sotheby’s International Realty agents prior to releasing Waterhouse to market, and the company presented its extensive client base with an exclusive first look incorporating professional photography and video tour of the property.
Scenic Sotheby’s International Realty currently represents several condominium projects in various stages of development along the Emerald Coast, such as 1900 Ninety Eight, Grande Pointe at Inlet Beach, and The Bluffs at Sandy Shores. We are proud to lead the area in new development sales and welcome opportunities to speak with developers about new growth in the Northwest Florida market.