This is part of the Surf Club Hotel. The condo fee, while hideous, covers EVERYTHING (including improvements, taxes, insurance, management). Beach block. Rental income for 2014: $40,000. Rental income of $45,000 expected for 2015. The Surf Club Hotel is run like a hotel, where people own the rooms - in my case, house. When guests stay in the House, you receive the rent. The property is deeded for fractional ownership (this is NOT a timeshare, tho). So, you could purchase 1/2 of the property from me (at $170K and a fee of (only) $1,130 per month.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
