Wouldn’t it be great to own a place on an island that you could go visit and generate income from when your not using it? If you are seriously considering buying a vacation home at the Sea Isle Condo complex in Key Colony Beach, than you have probably weighed many of the pros and cons already. Let us dive into these topics and find out if it is worthy to invest in an oceanfront condo in Key Colony Beach.
Sea Isle Condominium
Sea Isle Condominium has a grand total of 36 units. There are 3 buildings with 12 units per building. There’s more than enough space and parking for everyone, including your guests. You’ll love the convenience of having your own designated spot to park your car or take a leisurely stroll around the complex. The complex was built in 1973 and over the years the HOA has done a fantastic job maintaining the buildings and the grounds. The units are 990 square feet. Inside the interiors vary between units. Some are more updated than others however, most owners have chosen to add impact windows and doors. Each unit has it very own water view as well, so no one misses out at looking at our beautiful ocean.
The best part of Sea Isle is that you get to step right out of your front door and take a walk down the path leading to the most beautiful sandy beach in town! The beach are is expansive and split into two sections. A lush grassy area, perfect for setting up lawn chairs and soaking up the sun, and a blissful sandy area where you can dip your toes in the sparkling water! With so much room for everyone to spread out, you’ll have plenty of space to soak up the sun, play in the waves, and enjoy the ocean breeze. Whether you’re looking to build sandcastles with the kids or simply relax with a good book, you’ll find everything you need to have the perfect beach day. In addition to the magnificent beach, there is also a sparkling and inviting large heated pool that is located between the buildings. On those scorching hot days, the pool is a delightful oasis of cool refreshment!
7 Day Rental
But the Sea Isle Condominium has even more to offer! These units can be rented out weekly, generating income for you when you’re not using them! And with an on-site manager available to assist with any needs or concerns, you’ll have peace of mind knowing that your investment is in good hands.
Costs
One of the drawbacks of Sea Isle Condominium, in Key Colony Beach, is that the monthly homeowners association fees do not cover building insurance. This means that owners must purchase insurance separately, adding an additional expense to their budget.
Owning a unit at the Sea Isle Condominium can be expensive, given the high cost of insurance, monthly HOA fee, and taxes. Additionally it is important to remember that all condominiums are subject to special assessments at some point further increasing the cost of ownership.
Investing in a vacation home in Key Colony Beach can be a fantastic choice, but it should not be taken lightly. We are here to assist with any questions you make have about purchasing in paradise.
Resources: City of Key Colony Beach
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