Day 311 – Gateway at Riverwalk Condos Sanford FL

Day 311 – Gateway at Riverwalk Condos Sanford FL
Gateway at Riverwalk Condos Sanford FL

Gateway at Riverwalk Condos Sanford FL

Sanford is not necessarily known to be a “condo city”. Even though there have been more town home developments recently (due to a lack of space and higher land prices), Sanford is a city of single family homes, some of them beautiful Victorian houses in the historic district. So it was a big surprise when the construction of the Gateway at Riverwalk Condo complex was announced. Many people were upset about it because, being a high rise building, this complex was going to block Lake Monroe with its spectacular views from the historic district. There was a big discussion and many tried to stop the construction. Nevertheless, the condos were built (finished in 2007).

Gateway at Riverwalk Condos Sanford FL

Gateway at Riverwalk Condos Sanford FL

Whether it was bad timing (peak of market), the initial high prices (close to $1 million for penthouse) or just the fact that Sanford just isn’t a “condo city”, Gateway at Riverwalk has not been a real estate success. In fact phase 2, 3 and 4 of the project were stopped before they even started and to my knowledge only a dozen of the 63 units were sold. So now there is this huge condo building standing in a prime location right by the Riverwalk. Of course, that doesn’t mean that construction for the new phases won’t start at some point (I am assuming once all the units are sold).

To their defense though, I can see what the developers had envisioned. Who wouldn’t want to enjoy those breathtaking views of Lake Monroe and at the same time live in an urban setting in the middle of a cute, cozy and charming town that promises a wonderful future? I wish the plan had worked out because obviously this would have brought more people into Sanford, thereby strengthening current businesses and attracting new ones (including the ones that were meant to occupy the retail spaces on the ground floor of the buildings). There is still hope though. As the market slowly recovers, so will Gateway at Riverwalk. With more reasonable prices (now starting in the 180s), this project can still be very attractive for home buyers in Sanford and a great alternative to Sanford’s historic city living (admittedly, despite those lake views I’d personally prefer the old charming houses under huge oak trees that still offer you the convenient urban lifestyle, I’m just not into condo living). Let’s see what the future holds for the Gateway at Riverwalk condos.

Want to check out whast’s currently for sale here? Click the link to browse condos for sale at Gateway at Riverwalk Condos Sanford FL.

Condos for Sale at Gateway at Riverwalk

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About The Author

Claudia

Hi, my name is Claudia! I live, work and play in Sanford, FL. To top it all off, I am also totally in love with Sanford! My husband Jose and I are Realtors in Sanford, FL and help people realize their dreams of home ownership. We have two sons, Nicolas (2011) and Lukas (2013). I am originally from Germany, moved here in 2004. In 2008 I started Sanford365.com. I love everything that says creativity. Design is my passion, no matter if Graphic, Web or Fashion Design - and I am also into photography :) I'm also very social and love to hang out with my family and friends, be it for a kids play date or a fun night out ;)

2 Comments

  1. Carrie Knupp

    What are the association fees at Gateway condos

    • Claudia

      Hi Carrie,
      The association fees vary depending on the size of your condo. For a 1 bedroom condo it’s currently $278/month but the fees go up all the way to over $700 for a 4 bedroom condo or penthouse.

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