(Photo courtesy Oasis Fort Myers Condo)
When Victor Vangelakos, a 45-year-old firefighter from Weehawken, NJ, bought a $430,000 condo for his family in Fort Myers, FL, last November, he planned to use it as a getaway from the hubbub of life near the city and it would be his eventual retirement home. New York City is just a Lincoln Tunnel drive away from Weehawken.
However, Fort Myers just happens to be one of the hardest hit real estate communities in the nation, showing a 22.6% year-over-year drop in the Zillow Home Value Index.
Which is one of the reasons why the Vangelakos family finds itself all alone in a 32-floor condo development in downtown Fort Myers called “Oasis I.”
According to the Fort Myers News-Press,
Only a handful of those who put down deposits on the tower’s units actually closed on the deal. Those who did have swapped their Oasis I units for condos in Oasis II next door.
Vangelakos didn’t, because he was unable to convince his lender to agree to the swap, said Betsy Lu McCoy, vice president and associate corporate counsel for the Miami-based The Related Group.
So now the Vangelakos family has the Oasis I all to itself, which is creepy and sometimes dangerous. Vangelakos reports he hears intruders on the grounds, using the pool at night and then vandalizing it.
All Vangelakos wants is to transfer his mortgage to a unit in Oasis II, which is more populated, but the conflict seems to be stuck between the developer and the lender.
(Photo of Victor Vangelakos courtesy Fort Myers News-Press)