Sun sets on Solé
October 05, 2009 04:45PM
Solé condominiums at Flagler Village
Solé, the Flagler Village condominium development, is Fort Lauderdale's high-profile version of the housing bust, and many who had hoped to ride the housing boom to revamped urban luxury there are now in financial distress. The city had declared the area a blighted slum, but many hip, affluent buyers were nonetheless willing to pay up to $440,000 for an urban pioneering opportunity in the new project. Ravaged by foreclosures, the development has since become a locus for renters and vulture buyers. Units that sold at the high end of the price range have changed hands more recently for as little as $125,000, a 70 percent discount. [Sun-Sentinel]
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance or advertisements. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments