Tuesday, May 08, 2012

Views, sales at 2 East Oak in Gold Coast

We had some business at the hopping 2 East Oak in the terrific Gold Coast location last month. Here's a view from a high floor in the "04" tier on a beautiful morning in late April.
The approximately 304 unit building built in 1969 has primarily one bedroom and studio units.  However, there are a spattering of two bedroom homes (one 2 beds, 2 baths unit sold in 2010 for $380,000).  Assessment for the one bedrooms units range from $450-$500 and include heat, AC, 24 hour doorman, refinished fitness area, party room, roof top pool and bathrooms (at pool deck level). The pool deck is adequate...the views are GREAT.

In the last 12 months about 6 one bedroom condos have sold or are currently under contract with prices ranging from $150,000s to the $190,000s.  There are quite a few rental units in the building.  The one bedroom rentals range from $1,200 for a dated finish level to $1,650 a month for a renovated unit.  A penthouse two bedroom rented in the last 12 months for $2,700 a month. 34 units were shown as rented on our MLS alone for the last 12 months (several units are also rented off the MLS).

As we speak, about 5 units are for sale on our MLS in 2 East Oak ranging from $109,900 to $229,000.

Mariano Park at Bellevue between Rush and State Streets
I always try to sit and have a coffee in Mariano Park prior to early morning appointments around Gold Coast. The park offers a top notch people watching opportunity in the evening hours.
View of the park below, Rush and State Streets from 2 East Oak

More Gold Coast posts HERE

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