Marina Del Rey was designed with condominium living in mind. Originally developed in the 1950s, the concept for Marina Del Rey was a planned community with life centered around a series of marinas. Within a few short years this marshland became a world-class harbor for pleasure boats. The result is a stunning community that is surrounded on three sides by greater Los Angeles, but on the fourth side opens to the Pacific Ocean. It is a popular destination for boaters with the numerous marinas, slips, anchorages and yacht clubs. The nineteen marinas are home to more than 5,000 boats at any time.Residents of Marina Del Rey get to live surrounded by ocean breezes and the chance to watch the boats every time they look out their window. There is ample shopping and dining and even community entertainment like a weekly Farmer’s Market, outdoor concerts, cycling and activities at the area yacht clubs.
Purchasing a condo, as with any major investment, requires careful consideration. Advantages to condo ownership include hassle-free exterior maintenance, more numerous options for smaller sized homes than a single-family residence, and often a wide range of services for the homeowner. On the other hand, one of the downsides to condominium is homeowner association fees and potential regulations. HOA fees in Marina Del Rey tend to be higher than average for the area, but the many condominium complexes offer very high-end features to their residents.
The condos in Marina Del Rey are anything but cookie cutter in their styles and amenities. Choose between a loft home, luxury high rises, beachfront access, remodeled townhomes or contemporary units in the Marina Arts District. While the area was originally developed in the 1950s, there is a wide range of condominiums, many of which are in recently constructed buildings. There are now a minimum of 20 multi-unit complexes in Marina Del Rey. The condos available range anywhere in price from $400,000 to more than $3.6 million.
Now is an excellent time to invest in a condominium in Marina Del Rey. Over the past few years the market has been steadily increasing and prices are on an upward swing. Construction of new condos still remains slow after economic events in the recent past, which is keeping inventory low. Ultimately, home ownership is still the best choice as compared to renting and the condos in Marina Del Rey are sure to appeal to a wide variety of people. The condos in Marina Del Rey are also popular as investment properties and are offered back on the rental market as both long and short-term leases.
Make sure to get in contact with the Realtors at Hartman Cole today. They look forward to introducing you to the available condominiums on the market in Marina Del Rey. One of them may just be your new home.