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Mill Harbour???

(@VanFaasenC)
Posts: 21
Eminent Member
Topic starter
 

I have seen their condos listed cheap. Anyone have opionions or reveiws on that property.

 
Posted : May 29, 2008 2:39 pm
(@islandjoan)
Posts: 1798
Noble Member
 

They are cheap and they look really nice....however...they are right smack next to a project AND their condo fees are high and they don't allow pets. I half considered looking at some of them, but all the above nixed the idea for me. That's gotta be the reason there's been like 15 of them on MLS for a long, long, long time now. You'd have a hard time selling if you wanted to....but that's just my opinion!

 
Posted : May 29, 2008 3:03 pm
Bombi
(@Bombi)
Posts: 2104
Noble Member
 

Mill Harbour is on Condo Row in Golden Rock. It is across the street from Harbour View, a low income privately managed Housing Project. They are dealing with deferred maintenance and manager changes over the last year. Not to long ago the prices were very low and then started to increase so a lot of people have jumped on the Band Wagon and are trying to cash out. They have tennis courts, a security gate and Internet. Their pool is very close to the restaurant and they have very little beach. There's 1,2,and 3 bedroom units, some overlook a pond that was recently improved with saltwater replenishment.
Condo prices seem to have leveled off and are dropping slightly and with the right seller a good deal may be had. It is a popular rental spot for Hovensa contractors.

 
Posted : May 29, 2008 3:19 pm
(@Betty)
Posts: 2045
Noble Member
 

The are older and some have bad views or rather limited views. They recently up the condo fees to pay for some deferred maintenace but think the monthly fees are due to go back down to around $1k. The property still needs some love compared to the other properties on condo row. So to sum up its older and looks it, thats the biggest reason the prices are lower.

All the condos on condo row are very near to project housing or very low incoming housing.

 
Posted : May 29, 2008 3:37 pm
(@tecara)
Posts: 3
New Member
 

We own two units at Mill Harbour - it is a place that has changed dramatically over the last two years. It is safer, more attractive and is steadily improving in all areas. The high monthly fees include the special assessments that are addressing the deferred maintenance, this special assessment ends next May. There is also an additional cost of $200, that goes into a hurricane reserve fund that is approaching $500,000, as the association is working to lower the cost of insurance, this is very close to complete. So, yes the fees are high now, but they will be lower in the future. The condo fees and insurance for a two bedroom unit are about $800, not $1000.

There have been changes in management, but that is not unusual for the Island, and the management at this time is steadily imroving the condo and grounds. We expect the improvements to continue due to a very active condo board and the demands of the new owners. As new owners move in, many of the units are being remodeled and updated. We feel that this means that the values will continue to increase, but there are still bargains available. By the way, there are no one bedroom units at the condo, unless remodeling has enlarged the living area. The two bedroom units average about 1100 square feet and the three bedrooms average about 1500 square feet.

The views vary, with many being of the grounds rather than of the ocean, but it is still only a short walk to the beach which is more than many condos on the Island offer. There is low income housing across the street, which can be said about most places on STX, and certainly about all of the condo row properties. The big difference between the others and Mill Harbour is the price per unit. We have seen units at other Condo Row properties and the condition is often much worse than at Mill Harbour at 2 and 3 times the price. It has been perfect for us since we like to remodel properties and have had a great time doing this.

 
Posted : May 31, 2008 12:50 am
(@terry)
Posts: 2552
Famed Member
 

I would not buy anywhere sight unseen!!!!

 
Posted : May 31, 2008 2:37 am
(@Linda_J)
Posts: 3919
Famed Member
 

And the old adage "you get what you pay for" applies here. Please come and see for yourself.

 
Posted : May 31, 2008 11:26 am
(@tecara)
Posts: 3
New Member
 

I am a little mystified by the last two posts on this topic. Why would anyone buy a condo sight unseen, it has certainly not been our practice. As for 'you get what you pay for' ; in the area of housing - often you get what you pay for and end up with what you are willing to put in and work for. When we bought our units at Mill Harbour, they were in rough condition, after lots of hard work, they are both updated and beautiful. One is now under contract and we still own the other. I would compare both units to any condo unit on Condo Row, and many other condo's on the Island, and am confident they would be considered the winners Many of the owners at Mill Harbour are doing remodeling and updates. We would invite you to have your realtor bring you to see unit 126, and see for yourself what is possible for Mill Harbour.
However, perhaps Mill Harbour is something better left mislabeled, we don't want to price ourselves out of the market if we decide to purchase another unit to remodel.

 
Posted : June 2, 2008 11:02 am
(@terry)
Posts: 2552
Famed Member
 

The lady that owns the condo next to ours has never been to STX. Not something I would suggest.

 
Posted : June 2, 2008 3:01 pm
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