By Paul Goldfinger, MD 2012. Editor Tropicanaforum.com Historic post; watch for 20212 changes.
According to a Co-op official, sales are quite active in the Park. This resident is selling his unit, his beach chairs and even his hammock.
You can see scattered for-sale signs around the park. Some are for-sale by owner, but most seem to be using the services of Newby Realty (Tropicanacoop.com). I saw a couple by Century 21 (Shirley Capes) , two by Rossman Co and one by Rawlings.
So far, as far as I know, there has been no sale of a property where a Co-op share is part of the deal. In such a strange instance, you might have a unit priced at about $20,000 along with a share price of perhaps $57,000. This has got to be a very unusual situation in real estate.
I have been unable to determine if a seller can separate the share from the house or if they always are stuck together. This is a micro-market that will be interesting to follow as more such properties go up for-sale. There is such a situation just listed on Camelia Drive. Drive by and you can see the sign.
LOUDON WAINWRIGHT from the soundtrack of the movie The Aviator