The Moran Condo is a one bedroom, two bathroom condo located in the Point Venezia area of Point Pirouette. The unit is all on one floor and has panoramic water views from the numerous sliding glass doors and window. This unit is on the 2nd level or a stack of three units and is at the end of a peninsula so in addition to the great views, there is lots of privacy as well. The unit has been very well maintained and nicely decorated and features a private pool as well as lots of outside deck space, both covered and not covered. Interior space is approx. 750 sq ft. This unit will be sold including the furnishings so it is a turn key property. Very comfortable and classy furniture abounds and the unit has both a modern and Caribbean feel to it. With two bathrooms, you have the ability to have guests be comfortable.
This property has a great rental history. It has previously been rented on both a short term and long term basis. Due to the location, the private pool and the peace and quiet it offers, it is great as a vacation rental. These same factors combine with the proximity to the American University of The Caribbean makes it desirable for medical students who do not want to live on campus. It also comes with the use of a dedicated parking space.
Maintenance fees are currently $1,900 per year and include 24 hour security, trash removal and cleaning of the area as well as basic maintenance of the access road.
The ownership is on a Long Lease basis for 99 years and renews for $1 at the end of 99 years and into perpetuity. Because of this, there are no traditional closing costs and zero transfer taxes. This is a great advantage for a buyer. Note that at some point in time, a notarial deed may be created and there may be some fees at that time.