Biloxi MS waterfront condos have finally started to see some reason in their pricing. Two and three years ago, I would have told you not to touch any of the large condo developments because they were drastically overpriced for our market and only appealed to out of state investors who “thought” they would appreciate. This of course was not the case, many of them went into foreclosure or short sales, and others are starting to see the truth of the market – now is the time to really get serious about buying a waterfront condo in Biloxi.

For the past few years, the only waterfront condo development I would have anything to do with was Anatole Bay. Anatole bay condos rest on the south side of the Biloxi bay and host many amenities including a nice swimming pool, clubhouse, and boat slips for all owners that is has power and water to the slips. While it is an older development, many of the units have been upgraded to today’s standards and prices start right around $200k, although occasionally a unit wil pop up lower.

If you are looking more at beachfront condos, there are several to choose from but probably the two favorite in Biloxi are Ocean Club and SeaBreeze. Ocean Club concerns me a bit because I have heard that due to a high investor pool  that are not paying their HOA dues, the HOA may be on shaky ground. It is important that I have not had any clients looking at this development recently so I have not personally verified this information and would do so at the point that it was necessary. The SeaBreeze beachfront condos on the other hand is a much better investment and one of only a few condo developments on the coast that are directly on the sand beach, plus, it is close to everything that Biloxi has to offer. This provides for not only a much more satisfying experience, but also a greater chance for future appreciation. SeaBreeze units are currently in the $300k+/- range.

Bay Cove and a few others show promise, but that is a subject for a different post

Whatever your needs in the waterfront condos market, please contact me. I may not always have the answers that you want to hear, but I always try to as forthcoming as possible and look forward to working with you!

Anatole Bay has been, historically, one of the best condo purchase areas on the coast. While they are technically town homes, which helps with financing in today’s tough lending environment, most people still refer to them as condominiums because of the overall atmosphere and amenities of the complex.

Anatole Bay is located on the Back Bay of Biloxi, on the southwest section of he Popps Ferry Rd bridge. Average condo size is in the 1500 square feet range and at the time of this posting, prices start in the $180k range.  Each unit comes with its own boat slip with water and power, which many residents without boats rent out their slips to others. A swimming pool, clubhouse, and other amenities top off this condo development.

When comparing “apples to apples”, Anatole Bay has some of the best HOA dues as well. The HOA dues (range around $250/month) covers exterior insurance (an interior policy is typically required and fairly inexpensive), power and water to boat slip, water, trash, cable television, and exterior maintenance.

Anatole Bay has maintained values and appreciated while other condo developments have failed, dwindled, or depreciated. This is due to an excellent location, mostly owner occupant residents, good schools, and (in my opinion) – good fishing.

Should you have any questions about Anatole Bay or other condo/townhome communities in Biloxi or anywhere else on thee MS Coast, please do not hesitate to contact me.

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Sea Breeze View from Deck

Current market data, based on MLS statistics (Search MLS), for waterfront condos for sale in the gaming & resort city of Biloxi MS show that 188 units are available for sale. Over the past 12 months 30 Biloxi condo units for sale have sold, according to MLS, ranging from $109,900 up to $450,000. This was a significant drop in recorded condo sales for Biloxi compared to the same time frame last year when 50 condo units for sale were recorded as closed.

Of the 188 condos for sale available today in Biloxi, prices start at $57,900. This specific condo is a studio-style unit comprised of 343 square ft and includes a POA monthly expense of $100.00 per month. It is more inland than most of the other condos for sale in the area but is still just a short walk to the beautifully renovated Biloxi beach!

The Sea Breeze Condos are the truest “on the beach” condos for sale in the Biloxi area. Most condo developments are on the north-side of Highway 90 so residents have to play a little game of “Frogger” (Remember the Atari?) to get their feet in the sand. This is not true for Sea Breeze residents. Condos for sale at this development range from the $200,000’s on up with association dues ranging from the mid $300.00’s on up depending on size. There are currently several condos for sale at this Biloxi “sand-side” complex with prices starting at $225,000 for a 2 bedroom 2 bath, 1267 square foot unit with a $457.00 per

View from the Beach - Sea Breeze

month association due. The Sea Breeze has top of the line amenities and many extras. It is the epitome of seaside living on Biloxi’s Casino Coast. We currently have information on outstanding developer incentives and prices for the remaining units at this complex. Click contact us for details.

A commonly overlooked waterfront condo opportunity lies at Anatole Bay on Biloxi’s back bay. The benefits of “bay” condos at this complex include boatslips, a $255.00 per month association fee which includes, water, sewer, cable, trash,

Anatole Bay View from Bridge

exterior insurance, along with pool a grounds maintenance. The units are also priced at just over $100.00 per square foot and include balconies and porches. This is a town-home-style development. We currently have a unit listed for sale there at $169,900. This is a 2 bedroom 2.5 bath unit with over 1450 sq ft not including porches & balconies. It’s also an end unit! You can contact us for more detailed information on this Biloxi condo for sale.

The highest priced condo for sale in Biloxi is a 3 bedroom 3.5 bath, 3714 square foot penthouse that also includes a 2200 square foot terrace! It has an additional balcony overlooking Back Bay Biloxi and is priced at $891,360. This penthouse unit is for sale at a hugely reduced price and has all the high-end features you would expect in a luxurious penthouse condo.

For detailed information on any condo development or specific condos for sale in Biloxi MS click contact us. We have many proficient and unique methods of serving out-of-state buyers along with the local alliances necessary to get you the best information and price available in today’s market!

Waterfront condos in the Biloxi & Ocean Springs area are the only true value in condo living on the Mississippi Gulf Coast. The reasons are simple. Price plus amenities equals value. The condos of Anatole Bay of Biloxi and Harbor Landing of Ocean Springs offer more real estate living amenities than any other waterfront condo developments on the Mississippi Gulf Coast.

Each development offers on-site and in-view boat slips at no additional expense. At Anatole Bay, condo association dues are the most reasonable in the Biloxi area and include many of your basic services like cable and trash. Anatole Bay boat-slips also have water and power at no additional expense to the condo owner.

Anatole Bay and Harbor Landing both offer on-site swimming pools and beautiful water views. Prices at Harbor Landing of Ocean Springs start in the $160,000’s and prices at Anatole Bay of Biloxi start in the $170,000’s. Compared to other condo prices these two developments are far less and offer the #1 appreciable amenity….Water frontage!

Units at Anatole Bay are larger with 2 bedroom 2.5 bath units of around 1,400 sq ft. That equates to condo units with boat slips selling for around $125.00 ft! It’s a great value here in the Biloxi “Vegas on the Beach” area.

To get more information on these outstanding condo living or investment opportunity developments give us a call.