Cranewoods Realty Announces Bank-Owned Ocean View Condos in Jacksonville Beach Released at Deep Discounts to Previous List Prices

Bank Owned Condos offer great values for those looking for Florida Real Estate. Serena Point in Jacksovnille Beach, Florida offers ocean view condos that are now released below appraised values. These newly released Bank Owned Ocean View Condos are selling at more than a 20% discount to the original Sales Prices.

Jacksonville Beach, FL (PRWEB) May 26, 2009 -- Discounts of nearly 20 percent from original sales prices are now available on newly released bank owned condominiums (http://www.serenapoint.com). Jacksonville Beach Florida real estate developer Cranewoods Realty announced the new pricing in tandem with its release of five of the new North Florida ocean view condos (http://www.cranewoods.com) in Jacksonville Beach. The recently announced prices are below February 2008 appraised values.

Located near the oceanfront at the northern end of Jacksonville Beach near the Neptune Beach city limit, Serena Point includes just 17 residences in a seven-story, architecturally distinctive community. Residents enjoy direct beach access and ocean views from every window. Serena Point amenities include a fitness center, gracious two-story lobby, garage parking under the building, bike storage room and climate-controlled storage units for each residence.

Through March 2009, six of the bank owned residences have been closed and sold. Seven bank-owned units are currently available.

"It's almost unheard of to find this level of ocean view quality at prices starting in just the $400s."said Cranewoods Realty's Kristin Fanning. "This is the type of discounted ocean view property that Florida real estate buyers should be looking to purchase in today's market."

Located on a barrier island between the Intracoastal Waterway and Atlantic Ocean, the area has nearly 50 miles of coastline that offer some of the best water sport activities in the Southeast. Just west of Jacksonville Beach, the metropolitan city of Jacksonville, a major hub of industry, employment and cultural activities, is an easy commute from Serena Point. With its uncrowded shoreline and year-round outdoor recreation options, Jacksonville Beach and its neighboring oceanfront communities of Neptune Beach, Atlantic Beach and Ponte Vedra Beach are increasingly attracting the attention of homebuyers and investors seeking affordable Florida oceanfront real estate.

About Cranewoods Realty

The Cranewoods Companies offer full service consulting for banks and equity groups with real estate development assets. Services include: court appointed receiver, turn-key development management, construction management and general project problem solving. Cranewoods Realty provides complete real estate brokerage services including marketing, bulk sale disposition and retail sales. To explore Cranewoods further, www.Cranewoods.com or visit its blog about coastal Florida real estate at www.SeasideViews.com.

For sales information on Serena Point, contact Kristin Fanning at 1-877-238-0329 ext 709 or visit www.SerenaPoint.com.

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