Legacy Place Residence, Palm Beach Gardens, FL

DEVELOPMENT TYPE: BULK ACQUISITION OF CONDOMINIUM

STATUS: SOLD

Centrally located and beautifully appointed in the best part of Palm Beach Gardens, this property has easy access in walking distance to the adjacent Legacy Place Shops, the finest dining establishments such as Downtown at the Gardens and the renowned Gardens Mall, many other great specialty stores, superlative golf courses, and endless other leisure activities. This by nature attracts upper class clientele with the immediate area average household income of approx. $77,000, with the 7 miles range of approx. $190,000.

Legacy Place offers one, two and three bedroom condominiums and town-homes for those who enjoy a community style residency, yet with good privacy and luxury. Some condominiums have garages and parking spots, and all have a balcony or patio, large walk-in closets, in-home laundry with washers and dryers, a handy built-in computer niche, and an alarm system for peace of mind. The open-design kitchens have natural wood cabinetry, and are fully equipped with top of the line appliances.

Bhansali Equities acquired 28 condos in Legacy Place at the end of 2008. Bhansali Equities was able to purchase these unsold condos from the developer at a discounted price and rent all units within a few months.