I think if you can get a 1br for under $200k, you’re in good shape. With regards to privacy, condo living doesn’t really provide much privacy anyway. In fact, even the new tract home McMansions don’t provide much privacy either.
The turnoff with the property is the high HOA. The local Fox nightly news did a story on this, and it looks like we will probably be seeing more auctions as sale tactics from developers in the future months. The news report said that they do have a minimum and won’t go below that.