This property is unique in that when you don't want to use the condo it is rented out for you by the professional front office staff, hence the daily maid service. When you visit you can also rent other condos for your family members at a discounted rate.
The huge advantage of this arrangement is that there is an income from all of the rents and this covers the condo expenses. So you have none of the usual payments that you would expect, such as a monthly maintenance fee or many repair expenses.
Anything that needs to be taken care of in your absence is done for you and you do not have to concern yourself with the day-to-day business of owning a beachfront condo.
There is a professionally run condo association overseeing all of this and a board of directors, elected annually by the owners. Many of the board are long time owners and some actually developed the unique concept of the property.
As this is real property in Florida the purchase goes through an escrow company by law. This is for the protection of the buyer, and when the sale is complete you will have a clear title to the property.
Another huge advantage is that the property is very secure when you are away as there is the condo front desk staff, maintenance and the maid service constantly watching over the condos.
The entire building has been renovated, the outside of the building has been painted, the balconies resealed, some new glass sliding doors installed and many other improvements.
This is all being paid for out of the rental income - which is a real advantage because all of the profits from the rents and the expenses are shared equally by all of the owners.
This property was originally owned by a group of school teachers from Canada, so they could get away from the cold in the winter and the ideas they conceived makes for a very happy ownership of a condo, with none of the worries.
There is a limit on how long you can use your unit; I believe it is up to six months per year.
However there is no limit on the time of year when you can use your unit.
When you are ready to get away on vacation you just have to phone the front office and tell them when to expect you.
This is not a time-share and is nothing like a time-share.
This beach condo is for sale by the owner who will be paying all of the normal expenses that a seller pays for in the Florida escrow process.
You do not have to physically be in Florida to participate in the escrow process.
This is a legal process for the transfer of title and to handle the monies securely.
The deposit to secure this property would be sent to the title company and made out to them for safe keeping while the transaction goes through the legal process for the property to change hands.
Please e-mail with any questions you may have, or if there's something you need to know that I haven't covered here.