Listing Details for MLS #D6130882 - 7221 Rum Bay Drive Unit 4224a, Placida, Fl 33946

Residential Property - Condominium in Placida

SOLD for $40,000 on May 2, 2024

Listing Price: $50,000Sold Price: $40,000Sold Price/List Price: 80%
Sold Price/Original List Price: 50%Days on Market: 180

Description of Property

Fractional Ownership. Fractional Ownership Opportunity. Own this unique offering in a private resort community. Enjoy 7 miles of natural Florida Beach. With quarter ownership, an owner owns 6 two-week periods spread throughout the year plus a single week in January. Over a four-year period each owner has access to all 52 weeks. The maintenance of the property is done through an on-site management company. Quarter ownership provides each owner a full warranty deed for a villa at the beach which can then be used for a quarter of the year. Enjoy access to all the amenities of Palm Island Resort. The villa features a wide-open living room and entertainment area leading directly to a full large, screened porch. The main suite has access to the linai too. The bath and dressing area features a large walk-in closet. Learn more about this innovative method of owning real estate. What a great way to own an island home. This villa since Ian has new roofs, new windows and sliding doors in addition to new luxury laminate flooring throughout with new carpet in the bedrooms. This is a second floor villa and included a golf cart.The average asking price for a 2 bedroom/2 bath condominium in this Zip code is $422,611. This condominium is listed at about 12% of the average asking price. There are 6 2 bedroom/2 bath homes between $0 and $100,000 currently listed for sale in this Zip code. See other listings like this one »