Bimini Bay Townhouses in Davenport: Good Prices-NO Amenities!

So many buyers are instantly drawn to the prices in the Bimini Bay townhouse community which is located in Davenport, FL.  They see the beautiful townhouses online and most wonder why they are so cheap! You know how the saying goes: If it seems too good to be true it probably is and this couldn’t hold more true for Bimini Bay in Davenport.

The Bimini Bay community was supposed to be a resort community that would stack up with the likes of resort neighborhoods like Regal Palms and Bahama Bay.  It was supposed to have a water park, day spa,gym facilities and many other cool toys but when the market turned many buyers started backing out of their contracts and just not buying all together, this brought construction to a very quick halt!

Bimini Bay Bank Townhouses For Sale

Here we are in 2009 and there still is not a clubhouse or pool, and only some of the townhouse buildings were completed. Many people are still hopeful that once the market gets stronger and more people start buying they will resume their original plans and finish the neighborhood.  This would be huge news for Davenport as I would love to see another townhouse community that can compare to Regal Palms to give buyers more options.

Bimini Bay still isn’t the worst deal on the block as the townhouses are super inexpensive and if your goal is to buy low and sell high than they are definitely low! The only problem you will run into is that you won’t be able to rent them short term because without the clubhouse and pool they are pretty much not an option for 99% of Orlando tourists who will stay in a vacation rental.  You can however rent them out long term and offset your expense that way.

My final opinion on the Bimini Bay townhouses is that they are nice places for a good price but not a good investment for vacation home buyers. . . definitely more for end users and investors who dont mind being landlords.

31 Things To Look For at Your Final Walk-Thru Home Inspection on Your Kissimmee Investment Property

1.     Check all screens to make sure they are on the track properly (could be missing or lose from any break ins)
2.    All windows open and close properly
3.    Front door key lock and deadbolt locks properly.
4.    Sliding glass doors open and close, and lock properly
5.    All water faucets working, and no leaks under the sinks while water is running.
6.    Kitchen sink sprayer hose working.
7.    All toilets working, no leaks under the toilets when flushed.
8.    Hot water working.
9.     A/C unit working.
10.   Washer/Dryer working.

Read Also: Why You Need a Realtor if You’re Purchasing a Disney Area New Build Home

11.    Dishwasher has all trays
12.    Refrigerator installed and working, including inside ice maker.
13.    Microwave working and has all pieces.
14.    Stove installed and working.
15.    Garbage disposal working.
16.    Walls/ceilings all painted and in the same condition when you first saw it
17.    Floor tiles not cracked or damaged.
18.    Carpet not damaged or loose.
19.    Outside water faucet working properly.
20.    All lighting fixtures working with appropriate wall switches.

Read Also: The 7 Most Popular Disney Area Neighborhoods for Villa Bookings

21.    All ceiling fans working with appropriate wall switches.
22.    All window blinds installed and working (open/close without problem).
23.    All inside doors (including closets) open and close properly.
24.    All door stops are installed and working.
25.    Closets all contain shelving/storage racks as per contract.
26.    Kitchen cabinets/drawers all open/close properly, handles installed, no damage to surfaces.
27.    Kitchen counter top has no chips or other damage.
28.    Bathroom vanities all open/close properly, bathroom counter tops have no chips or other damage.
29.    Outside paint complete, no chips or other damage.
30.    Mailbox present (believe it or not these DO get stolen!)
31.    Pool Heater Still In Place (These also get stolen)

Read Also: The 9 Best Kissimmee Gated Communities To Own a Vacation Home In

Naked Crack Smoker Gets Attacked By Gator in Polk County

What do you get when you mix crackheads with alligators? Probably nothing you would want to look at, especially at 3am . . . though this story is a few years old I still find it “What The Flock” worthy:

Original Story From: Click Orlando

Authorities said the Polk County Sheriff’s Office received multiple calls at about 3:30 a.m. Wednesday concerning screams for help coming from an area of Lake Parker County Park near the Moose Lodge on East Lake Parker Drive.

When officers arrived, they heard a Adrian Apgar in the lake screaming for help and saying he was being attacked by an alligator. The deputies dove into the alligator-infested waters and searched for the man, the police report said. Once the deputies found the victim, they were able to pull him from the alligator’s jaws and swim about 40 feet to shore. Apgar was transported to Lakeland Regional Medical Center in critical condition with an apparent broken arm, partially amputated left arm and major trauma to his leg. Wildlife officials said they were not surprised that the alligator attacked Apgar because 4 a.m. is prime feeding time, Local 6 News reported.

The Pink Flamingo Says:
1. Don’t Smoke Crack!
2. Don’t Smoke Crack Naked!!!
3. Don’t Smoke Crack Naked Near Alligator Infested Water at Prime Feeding Time!!!!!!!

Legacy Dunes Condos Being Flipped on Ebay For a Profit!!

Property flipping in this market? You betta believe it! Legacy Dunes condos in Kissimmee are not only being marketed on Ebay but are actually selling and the investors are making a quick profit and not a bad one if I may say so myself. Are they being marketed honestly though?  It would appear from this ad that the value of the property is being misrepresented. . .

This is just one of many examples of Legacy Dunes condo properties being flipped on ebay for a fast and hefty profit:

Here is the original listing from the MLS showing a closing date of May 1, 2009 for $27,000 (bank owned of course)

Here we are less than a month and a half later and we see this exact condo listed on E-bay for $59,000 with bids on it!!!!!! Even if this condo sells for $40,000 that’s almost doubling your money in less than two months.  Could this be the start of another bubble though?  Should end user buyers beware of the investor speculation going on in Legacy Dunes right now or should they feel secure knowing that they are buying at wholesale and could easily flip their condo for a quick buck if they wanted to?  I say that this is just a temporary thing and those that ride it out while it last will make the money.  As soon as all the bank owned inventory in Legacy clears out there won’t be any mark-up room to continue to flip.

As I was saying about the values being misrepresented. . . this condo is clearly NOT worth $96,000 however the person who is marketing this grabbed some information from the tax records to try and make this look like it’s the deal of the century and there are buyers out there that do not know how to find this information on their own that will believe this to be true.  The Osceola property appraisers are in the process of reassessing the values for all the Legacy Dunes condos for 2009 and these values will be going down to reflect the market.  The proposed annual tax statements don’t come out until August so this information is misleading in my opinion. At least they go onto mention that this information is subject to change. . .

Thinking about flipping or just owning one?  Check out this list of Bank Owned Legacy Dunes Condos for Sale