Input on Adagio

[Pirate]

Was looking at a gulf front in Adagio. Seems to rent quite well. Any input on the development or management? Thanks.

[InletBchDweller]

I dont know about the management but the development is beautiful to me...http://www.mysmiley.net/imgs/smile/happy/happy0034.gif

[Julie Dorney]

We owned a unit there and flipped it last summer because of too much inventory. It was a great rental- stayed completely booked the two summers we had it and most of the spring. The management is wonderful, no complaints. Just wish we still had it! It is a great location, managed well, and the pools are a great addition. It looks like you can get units now much lower than even a few months ago. The association fees run a little high ($2500 per quarter). The rental fees seemed reasonable, but the housekeeping fees were a little steep. Anyway, overall, great investment property, no complaints.

[Minnie]

I dont know about the management but the development is beautiful to me...http://www.mysmiley.net/imgs/smile/happy/happy0034.gif

would agree with that, and that it would be a very popular rental.

[SHELLY]

Was looking at a gulf front in Adagio. Seems to rent quite well. Any input on the development or management? Thanks.

Pirate,

Can you really get a $1.9M condo + w/$10,500 yr fees + taxes + other $UNDRIE$ to cashflow as a rental?


.

[sowalgayboi]

Pirate,

Can you really get a $1.9M condo + w/$10,500 yr fees + taxes + other $UNDRIE$ to cashflow as a rental?


.

If this is the same unit I'm thinking of, it's horribly over priced. Honestly wouldn't go over 1.5 for a Gulf front at Adagio.

[Pirate]

I have the financial aspects under control. I only wanted opinions of the development. Thanks.

[John R]

As you may be aware, the same family that built Adagio, still manages it. I do a fair amount of work in there, and they are pretty serious about owner/customer satisfaction. The grounds are always kept immaculate, and maintenance calls are handled in short order. Pirate looks like you have a pretty thought out plan, good luck.

[sowalgayboi]

I have the financial aspects under control. I only wanted opinions of the development. Thanks.

I apologize, the development is beautiful. My only gripe would be a hotter hot tub, but I know they have to keep it to Health Dept. regs.

[Franny]

Was looking at a gulf front in Adagio. Seems to rent quite well. Any input on the development or management? Thanks.

We have friends that own two units and they have been very pleased with the development.

[Pirate]

I apologize, the development is beautiful. My only gripe would be a hotter hot tub, but I know they have to keep it to Health Dept. regs.


No apologies necessary. I think 1.5 is high too. Most of the askings are way out of line, even as a starting point.

Have you been to the beach in the summer there? I read an older post about how someone thought it was a "tent city". I have stayed around the area and love the beach, but I haven't seen it right at Adagio in the summer. Any of the private beach garbage going on right here? Is the large pool heated? Any snack bar etc. on site? Beach service? Thanks again to all who are providing input.

[Pirate]

Pirate,

Can you really get a $1.9M condo + w/$10,500 yr fees + taxes + other $UNDRIE$ to cashflow as a rental?


.

No one can.

[FLSunChaser]

No apologies necessary. I think 1.5 is high too. Most of the askings are way out of line, even as a starting point.

Have you been to the beach in the summer there? I read an older post about how someone thought it was a "tent city". I have stayed around the area and love the beach, but I haven't seen it right at Adagio in the summer. Any of the private beach garbage going on right here? Is the large pool heated? Any snack bar etc. on site? Beach service? Thanks again to all who are providing input.

The only pool that is heated is the gulf front one. No snack bar on-site. Not sure about Beach service, but I would assume they do have it. It's truly an awesome development.

[sowalgayboi]

No apologies necessary. I think 1.5 is high too. Most of the askings are way out of line, even as a starting point.

Have you been to the beach in the summer there? I read an older post about how someone thought it was a "tent city". I have stayed around the area and love the beach, but I haven't seen it right at Adagio in the summer. Any of the private beach garbage going on right here? Is the large pool heated? Any snack bar etc. on site? Beach service? Thanks again to all who are providing input.

They do have beach service, I believe it is included or extra for on site rentals. When I was there it didn't strike me as tent city. More umbrellas from chair rentals than anything else. I didn't notice any kind of private beach hooey going on either. Everyone seemed to be enjoying themselves and having a great time. There is no snack bar or facilities for a snack bar, but there are several great restaurants within walking distance.

[Julie Dorney]

There is a umbrella/chair service available (Chairs-4-U) that will rent to rentors or to owners (at a discount) on a daily or weekly basis from spring through mid October. No tents typically- The front pool is heated and the large pool is not. It is mainly families, not obnoxious, loud rentors. What is interesting is to walk down the beach and see very little activity at Bella Vita- I think the prices are much more reasonable for renting at Adagio and again,the management (family owned) is attentive, on site and they are very nice not only to people renting but to owners/investors trying to sell. We had a great experience.