One Property. One Motivated Seller. One Great Deal.

This week, I'm taking you to Aventura, Florida, where I’ve found an incredible buy in the 55+ community of Point East.

You need to see past the clutter and bad pictures on this one...

Point East is nestled on a little peninsula in Aventura, this area offers a range of options for buyers looking to enjoy Florida living at a great value.

​

📍 The Deal at a Glance
​🏡 Property: 3030 Marcos Dr, Unit T504, Aventura, FL (link)​
​🏡 List Price: Originally $320,000 → Now $210,000
📏 Size: 2 Beds, 2 Baths
💰 Price per Foot: $204, subject property priced well below comps
🔻 Price Reduction: $110,000 (Seller is highly motivated)
🕒 Time on Market: 264 days, high inventory—average sales take about a year

​
📊 Market Breakdown​
• 26 active listings in Point East, ranging from $350,000 to low $200,000s
• 23 sales in the past year—properties here move slowly
• Recent renovated comp sold for $350,000 after 6 months on market (link)
• Renovated comp was purchased for $170,000
• Average 2-bed sale price: $296,000 ($273/sq. ft.)

​
💡 What’s the Play Here?​
​This seller is signaling that they’re ready to make a deal. With rising insurance costs and potential building assessments due to Surfside regulations, there’s downward pressure on prices. If you’re willing to take on some updates, this property has room for value-add opportunities.

Bottom line: If you’re looking for an undervalued buy in South Florida’s 55+ market, this one is worth a serious look.

Want my full breakdown?

​
Until next time,

Mike Russo​
​
​

Not subscribed yet? Don’t miss out on exclusive deal breakdowns—sign up now at TheLocalBlock.com!

​