Whole Foods Condos

Written by Jim the Realtor

August 8, 2011

This is a brief tour because the sales person was right on us, but you’ll get a feel for what they are offering – a standard-grade box of sticks and stucco. But they’ve sold half of their 47!

23 Comments

  1. livinincali

    So what’s the premium for being that close to the whole foods and does train cancel that premium out.

  2. Joe Smith

    $800K+ for $1700 sqft !
    For a condo?

  3. ewhac

    What kind of financing have the buyers to date used? 100% LTV? 95%? ‘Cause those prices seem completely nuts, even taking into account you’re three blocks from the water.

  4. Jim the Realtor

    Close to the train? It’s only 10-15 feet away!

    They are using private financing – I think they are awaiting Fannie/Freddie approval (the same problem at Vantage Pointe).

    The Lofts down the street are looking for $927,000 for 1,684 sf.

  5. Booty Juice

    500+ per foot for a condo above a grocery store next to the tracks over looking a commercial roof top. Un Believable.

  6. LM

    Well I guess you could call it Whole Foods condos….or per the first few seconds of the clip you could refer to it as F Street Condos

    I will bet any amount of money the people buying those placea are not paying 1 M cash of their own money…..it has to be less than 5% down.

  7. Jim the Realtor

    The HOA fee is $470/month, but at least you get preferred parking.

    There’s not a problem with demand, it’s pricing.

  8. Daniel(theotherone)

    Maybe they work for the seller. These sales are part of their pay package.

  9. SnotNose

    No lesson from the past 4 years has been learned — in only a few years, these will appear in the ‘WTF were they thinking’ blogs.

  10. salsahead

    I am amazed what people will pay for a prison of (1) concrete; (2) automobiles; (3) noise; (4) Whole Foods. Each to his/her own, I guess, but I just don’t get it the allure of this high density stuff.

    If I did some high profile white-collar crime I could probably get equivalent digs, sans HOA and mortage payment, and with the same aesthetic. Ok, the food would not be as good, but it would cheaper than Whole Foods, certainly.

    I agree with SnotNose: WTF were they thinking?

  11. tj & the bear

    Dunno… these condos would appear to be nirvana for the wealthy nurb crowd (“nurbana”?):

    * High density
    * Walkable w/ super close mass transit
    * Expensive health food just moments away

    I can’t help but wonder how many resident vehicles will be hybrids.

  12. Mozart

    Yes, continue to stare in grumpy disbelief as the world goes by you and wealthy educated people find value in living near the ocean, in a walkable, unique town where they don’t need to drive to everything.

    I just love how there is a dig at eating healthy or driving a hybrid.

  13. Former RB Resident

    Pricing aside, if you are young and urban, and likely single or a DINK, then they seem kind of ideal.

  14. livinincali

    I’m really curious as to how much people are willing to pay for the whole foods premium. Is it worth $100K like a good view.

    I do know that there was a transit plan that called for adding another train track and doubling the number of trains that go through there, but I figure these buyers will be first in line to prevent that from happening.

  15. Just some guy

    I wonder how many of these will be summer rentals?

    The train noise shouldn’t be that much of an issue if the soundproofing is adequate. However, what’s the point of living so close to the beach if one keeps the windows shut all the time to muffle the noise of the train?

  16. renting.renting.

    kudos to the developer for bringing this to the market at a time when others thought he was crazy. market rate/for sale condos with limitations on vacation rentals and they’ve sold 50% of them??? hope they end up selling out.
    AND it’s green / LEED certified. not bad!

  17. Ross

    #11, “Walkable w/ super close mass transit”

    I’ve always found it ironic that people who can afford to live near mass transit are those least likely to use it. Mass transit paid for mostly by sales taxes which people studiously avoid by buying from Amazon.

  18. Former RB Resident

    Mass transit is also heavily paid for by bonds when the general assembly is unable to get the 2/3 needed to raise taxes needed to pay for essential services. (Which is always.)

  19. Profhoff

    I don’t get these. Yes, the location is great, and I for one would love to be where the action is, but these are so basic! Call me picky, but if I’m going to pay this kind of money then i want more than vinyl floors, cheap bi-fold closet doors with crooked tracks, carpet that isn’t even trimmed where it meets flooring, windows that look out at walls with huge distracting ugly exterior lighting, a massive noisy A/C unit on the balcony and really ugly views. Not to mention a weak floor plan with lots of wasted space. So I don’t get who is buying these – they are really expensive for what you get.

  20. Adam

    Whole Foods is the best grocery store in the USA. Getting to live on one saves driving time and puts one in the middle of a constant stream of wealthy attractive health conscious professionals.

  21. College Joe

    I like the location….but the lofts look better, in my opinion. Also, I noticed that a new coffee shop has just opened! I like that progress.

  22. Anonymous

    Adam #20.

    I thought the same thing. Add proximity to the water to those two things and there is definitely a niche there.

  23. Peter

    Looks like this blog got taken over by shills for the developer…or just some Euro-trash wannabees.

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

Are you looking for an experienced agent to help you buy or sell a home?

Contact Jim the Realtor!

CA DRE #01527365CA DRE #00873197

Pin It on Pinterest