Four Seasons: Rent, Don’t Buy #1201
Have you always wanted to live at the Four Seasons but couldn’t stomach paying millions of dollars for a place and thousands a month in dues? Well unit #1201 is now available for rent for only $9,500 a month. It is also for sale for $3.4m but at 20% down that’ll cost you $17,600/month according to Redfin’s mortgage calculator (which probably doesn’t take into consideration jumbo loan rates). Never mind the additional $2,500/month in HOA dues and who knows how much in property tax. And you should factor in that there are a number of other units for sale in the building so selling it will be tough as I’m sure this owner is finding out. The unit was originally listed at $4.1m back in November 2008 before selling for $3,774,000 in December 2008. So the current owner is taking a bit of a loss on it.
Can’t afford $9,500/month? Get a roommate. It’s a two bed, two bath, 2,000 square feet.