A Dolphin Beach Condo (300 Landis) in need of total renovation was just listed. This is a two bedroom, two bath condo with the bay in the back and the ocean in the front and an inground pool. The asking price is $300,000, but if you could get it for $250K-$275K, really make it nice and put approx. $50K into it, it would be a great investment.
The last unit that sold in this complex sold for $362,500 and there really wasn't anything updated in it. The two units that are currently on the market are listed for $499,900 and $545,000. (Both are significantly overpriced for this market in my opinion.) Realistically if this unit was completely renovated it could resell for approx. $400K.
Let me stress though, this needs complete renovation!!!
If you have any questions or if you would li ke to see it, please let me know. Thanks!