I lived across the street from this place while it was being built. It took years to build, I think they had water problems in the foundation. The building looks great, but it isn’t even ocean front. I can’t believe anyone would buy a tenth of this, but it seems to be a trend around the country, executive retreat timeshares. My guess is that the market rent for one week for a place like this is $5k a week average. So for a generous $20k a year cash flow per 10th share, it should be worth $200k on a good day. Way way way overpriced.
For $6M for 5/6ths of this place… you can have a oceanfront house for dam near that.
PS that corner of wind and sea beach is loud… day and night!
