It is now the middle of June, 2010 and the state of the market in Northern Kentucky Luxury Condominiums¬†is rather bleak at the moment. Starting in Ludlow, Ky..there is Riversbreeze, a great community that was built by Henry Fischer Builders and consists of hundreds of condos priced between $100,000 to in the mid $500. As of this writing there are 32 condos on the MLS and at least another 30+ that are for sale by owner. This is alot of condos on the market, but because their price points are more affordable, some of these are selling. I currently have 2 great condos listed here. The first one is 346 RiverbendDrive, a Grand Villa designed upper end condominium with amazing river views priced at $339,900. A 2 bedroom 2 and a half bathroom with a den layout with a wall of windows with¬†fabulous views throughout, makes for a great listing that hopefully will sell soon. My 2nd listing there is 295 Skyview Ct., another condo with some pretty amazing Ohio river views. This is a little smaller than the first one, but is still a very nice layout with 2 bedrooms and 2 full baths and of course the windows with the great views, priced at $205,000
Moving towards Eastern Covington, we come to The Ascent, a rather unusual looking building with close to 80 condos starting at $400,000 and going to the penthouses up to $5,500,000. Unfortunately, since the housing market tanked, there hasn’t been any sales there to my knowledge, except for 1 which was a short sale. It is an amazing building with some amazing views of Downtown Cincinnati and Covington, Ky, as well as lots of bridges. This complex sits in a great neighborhood called the Licking River Historical area, within walking distance to all kinds of¬†restaurants, bars, great streets for walking and of course it’s right next to the “blue bridge”, also known as the Roebling Bridge.
Right next door to the Ascent is another condominium complex known as Riverside Terrace and Riverside Plaza. These 2 condo associations were built back in the 1980’s and were really the first condos built right on the river on Northern Kentucky’s shoreline. Riverside Terrace was the first to be built and has unparalleled views of the Roebling Bridge, Downtown Cincinnati and of course the Ohio River. Riverside Plaza was built around 1987 and sits right behind Riverside Terrace. It has around 45 condos in the tower and an additional 10 townhouses, built like turn of the century rowhouses. There are a few condos for sale in the tower at this time and I guess because the condo market is slow..not much is selling here so far this year. Moving right along , going eastward we go to Newport, Kentucky.
In Newport, a beautiful building named Southshore was built around 2007-2008. It is a gorgeous building with some great amenities and sits right on Riverboat Row. The not so nice thing about the building is the entrance way..You walkout to the rear and side of a Mexican Restaurant , which quite frankly for the money they are asking, you would like to hope for a more elegant front door. That being said, the condos are breath taking, but are just not selling very well. The price range for these condos is between $350,000 and goes up to $3,500,000. Moving a bgit more eastward we go into Bellevue, Kentucky, where we find 2 more condo developments.
Harbour Greene sits right one the banks of the Ohio River in Bellevue and was built by the Ackermann Group, somewhere around 2005. It still has several condos still owned by the developer, as well as many resales from people who already bought there. It’s a very nicely built building and is supposed to be joined by 2 more, if the economy should get better. Just down the road sits Waters Edge, a 3 building development that has sold very well..These condos are all about 3400 sq. ft. with about 600 sq. ft. of outdoor patios. A very well built development with some very nice views of the Ohio River and Downtown Cincinnati in the distance. Hopefully for all of these developments and everyone else, the housing market will turn around sooner than later, and we can see these condos start to sell. All in all The Northern Kentucky Condo market is waiting to blossom.