comparative analysis of palacio 2009 sales

Properties Recently Sold

Agent Comments: Remarks: Fully furnished and ready to rent! Desirable complex offers pool overlooking the Gulf, a lap pool, meeting room with wet bar, exercise room, tennis courts, and coded entry.

Agent Comments: Remarks: This is a short sale and may take longer for the third party/lender to approve. Maybe the nicest 2 bedroom unit in Palacio. Very well appointed, warm and comfortable furnishings and in one of the premier properties on Perdido. The Palacio Condominiums, only 6 years young, are currently undergoing a complete face lift making this an incredible value. Complete with tennis, work out facility, conference room and 3 pools palacio even has one of the most respected Home Owners Associations on the Key.

Information deemed to be reliable although not guaranteed

Addr: 13661 PERDIDO KEY DR, unit 1403

MLS#: 366357 S #1

Area: Perdido Key Cat: ResidentialLP: $335,000 SP: $306,500 $/SF: $233.43Beds: 2 Bths: 2 ApxSF: 1,313LD: 03/06/2009 SD: 06/29/2009 ED: 09/05/2009YB: 2001 Park: CP, PL DOM: 81Elem: HELLEN CARO - 13

Mid: BAILEY - 13

High: ESCAMBIA - 13

Lot: Acres: 0Subdivision: PALACIO

Features: Contemporary Concrete Electric Stove, Built-in Microwave, Dishwasher, Disposal, Refrigerator Ceiling Fans Waterfront


MLS#: 346117 S #2


Mid: BAILEY - 13

High: ESCAMBIA - 13


Features: Contemporary Concrete Electric Stove, Built-in Microwave, Dishwasher, Disposal, Refrigerator Ceiling Fans Waterfront

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Agent Comments: Remarks: JUST REDUCED! SELLER MOTIVATED! LOWEST PRICE FOR LARGE 2BR AT PALACIO! This is Palacio's larger 2BR floor plan located in Palacio's best location for view...the "02" stack is closer to the beach and faces west so you can enjoy beautiful sunsets! This generous 1438 sf. floor plan has a spacious guest bedroom that easily fits a king bed or two queens. The gulf-front master suite is spectacular and has a sitting area with floor-to-ceiling glass overlooking the beach. Enjoy a spacious kitchen with "nook" to add a bistro set or even computer/office area. Other benefits include full size washer/dryer and wet bar. This residence is fully furnished and has earned the highest rating of Platinum in the ResortQuest rental program. Palacio offers fantastic amenities such as Gulf-front Outdoor Pool and heated Lap Pool, Tennis Courts, Exercise Room with TV, Conference Room, Hot Tub, and cookout grills. In addition, there is covered garage parking for owner use only. Great second home or rental! ONE OF THE LOWEST HOA DUES ON THE KEY! Click on the picture to view the Virtual Tour!

Agent Comments: Remarks: Waterfront condo with beautiful views of the Gulf of Mexico. Has two wrap-around balconies. Unit has upgraded tile flooring throughout.



MLS#: 327524 S #3

Area: Perdido Key Cat: ResidentialLP: $359,000 SP: $340,000 $/SF: $236.44Beds: 2 Bths: 2 ApxSF: 1,438LD: 04/30/2007 SD: 06/22/2009 ED: 06/30/2009

YB: 2001Park: GP, CP, PL

DOM: 784

Elem: HELLEN CARO - 13

Mid: BAILEY - 13

High: ESCAMBIA - 13

Lot: CONDO Acres: 4Subdivision: PALACIO

Features: Contemporary Concrete, Steel Electric Stove, Built-in Microwave, Dishwasher, Refrigerator Balcony Ceiling Fans Waterfront


MLS#: 358402 S #4

Area: Perdido Key Cat: ResidentialLP: $414,900 SP: $414,900 $/SF: $214.42Beds: 3 Bths: 3 ApxSF: 1,935LD: 09/18/2008 SD: 01/14/2009 ED: 01/17/2009YB: 2001 Park: 2S DOM: 97Elem: HELLEN CARO - 13

Mid: BAILEY - 13

High: ESCAMBIA - 13


Features: Traditional Concrete Paved Road

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Agent Comments: Remarks: Excellent opportunity to invest in your future with this furnished 3 bedroom, 3 bath residence located directly on the Gulf of Mexico. Relax and unwind on your private balcony with family and friends as you make memories and enjoy the many and varied sights and sounds of the Gulf. This is the lowest priced 3 bedroom residence in the entire "Palacio" complex and is destined to go quickly at only $264.00 per square foot. Included with the purchase of this unit is a 1 year "Home Warranty Plan" for peace of mind. "Palacio" is one of the most desirable projects in Perdido Key. Some of the amenities include two Swimming Pools, Hot Tub, Tennis Courts, Exercise Room overlooking the pools and Gulf of Mexico as well as a large Conference Room. In addition there is an on-site rental office and a key pad at the main entrance for after hours security. Primary residence, second home or investment property "Palacio" will exceed your expectations! Virtual Tour and additional pictures will be posted on Saturday 11 July.

Agent Comments: Remarks: Fully furnished and already on rental program. Begin enjoying immediately! Western end unit on the Gulf has extra touches like beautiful natural plantation shutters, hand-painted mural in master bath, and granite counter tops in kitchen. Palacio's amenities include pool, fitness facility, meeting room, and tennis courts.



MLS#: 372625 S #5


Mid: BAILEY - 13

High: ESCAMBIA - 13


Features: Contemporary Concrete Electric Stove, Built-in Microwave, Dishwasher, Refrigerator, Microwave Ceiling Fans Waterfront


MLS#: 348708 S #6


Mid: BAILEY - 13

High: ESCAMBIA - 13


Features: Contemporary Concrete Electric Stove, Built-in Microwave, Dishwasher, Disposal, Refrigerator Double Pane, Ceiling Fans Waterfront

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Sold properties

Total # of Listings 6

Lowest Price Listing $306,500

Highest Price Listing $465,000

Average Price $377,733

Avg. Price/SqFt $236

Avg. Days on Market 282

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Cumulative Analysis

Sold Property Analysis

Summary Graph/Analysis

Listing Category Lowest Price Highest Price Average Price Avg Price/Sqft

Sold $306,500 $465,000 $377,733 $236

Total Averages $306,500 $465,000 $377,733 $236

Address List Price Sold Price DOM % Chg SP/Sqft

13661 PERDIDO KEY DR, unit 1403 $335,000 $306,500 81 8.5% $233.43






Total Averages $395,483 $377,733 282 4.5% $236

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Property Summary

. Sta Street Address Bed Baths SqFt Year Built L Price S Price Sold Date DOM

1 S 13661 PERDIDO KEY DR, unit 1403 2 2 1,313 2001 $335,000 $306,500 06/29/2009 81






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--Information deemed reliable but not guaranteed--Copyright: 2009 by the Pensacola Association of Realtors

Prepared by PETE KING of RESORTQUEST REAL ESTATE on 12/8/2009 9:47:41 AM

©2009 Solid Earth, Inc. Solid Maps

For More Information Contact:

PETE KING Office: 850-492-4773 Cell: 850-261-3938

[email protected] http://www.perdidopete.com

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comparative analysis of palacio 2009 sales

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