June 27th, 2007 by Skip

Unique Investment For The Future on

South Padre Island

For the individual who sees South Padre Island as a future investment look at Continental Condominiums. A unique and interesting condo on the beach. This is a very nice 2 bedroom top floor North corner unit in a small 15 unit project with pool and fantastic beach views with an asking price of $325,000. What makes this condo different from the others is that it is in a 15 unit project situated on 3 beach front lots with 2 extra lots across the street for parking. Consider that beach front lots in town are listing at 1.2 to 1.5 million each the land value of each unit is in the $280,000 to $300,000 range. In todays market this project is land rich. Some developer is going to come in one day and make an offer on all 15 units that the owners can't refuse. That developer will then build a premium hi-rise condo project on this site.

CAN YOU WAIT ? -

Enjoy it while you wait

See Condo Details at www.spirealestate.com