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Real Estate Deals in Boston - Part I

2/21/2008 11:41:00 AM
Everyone is talking about the recession, how the subprime collapse is only going to get worse, and how inflation is reaching painful levels (7% I read today). Here's another indication: auctions and incentives from developers.

First off: The Atlantica Auction next month.

Twenty condominiums in the Atlantica, a newly constructed project on Revere Beach, will go on the auction block March 9. The minimum required bids, $215,000 to $315,000, are relative bargains for one- and two-bedroom units on the water. Most either face the ocean or have views of the surf.

For those of you looking for a deal on beach front property, this looks like it could be your lucky day. I've personally never been to Revere, so I can't comment on the quality of the beach front itself.

If you're interested, click (here) to go to the official Atlantica auction site or go (here) to read the accompanying Globe article.



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