Unit #708, a 3/2, (Bill Harris) has been sold 85% furnished, via Pelican Realty to the condo developer Nautilus Development Partners LLLP, the title to read Southern Investment Group, LLLP, for $93,000, which is 56% of original sale price of unit. (no comm paid by seller). Original sale price was $165,900 in May 2007. Developer is currently offering their remaining 3/2's at $79,900 or 48% of the original asking price.Owner Harris was/is a frequent critic of Concord Management and the developer, and was standing for the Board in the 2013 election on a platform of removing Concord from managing the complex. With the 1/11/12 sale the composition of the 2013 Board will remain the same as it is now with Owners Mrs Simmons (#802) and Mr DiGiacomo (#616) and one developer appointed Board member.
This blog site was established in December of 2007, has 280 posts and it will remain up and open although it will not be updated with any frequency as blog author (myself - Bill Harris) has no further connection with Nautilus Cove.
It is said that the 2 happiest days in the life of a boat owner are the day he buys his boat and the day he sells it. This also applies to condo owners. Unfortunately this turn of events means that the Developer and Concord remain in charge of the condo and the poor management will continue.
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