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Marriott Grand Residence Panama City

C

Cobra1950

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Joined
Sep 23, 2007
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Heard today while staying at Legends Edge that the adjoining Marriott Grand Residence is really a mess. Only 20 0f 65 condos sold, they are renting some out to try to get some cash flow.
Hit the market just before the crash and I guess there were some legal problems with precrash closings that should have occurred as well.
Does anyone have the full story on this? Reportedly non sold units being discounted heavily as are most all condos on the Gulf currently.
 
Wow! I think that unit went for $800 to $900K originally. Would be an outstanding deal except for the $8500/year dues each year forever.:shrug:
 
This is a lousy location. Away from the Beach, no major airport closeby. I own the Marriott timeshare here and I had no takers for my reservations during prime spring break weeks.
 
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