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 off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
