O.C. Condo for Sale… For Just $1

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LAGUNA WOODS, Calif. (KTLA) — If you’re in the market for a new condo, you could probably pay for this one with the money in your wallet. The asking price is just $1.

The 500 square-foot condo is in the Orange County retirement community of Laguna Woods.

The owner wants to sell it right away, and is even offering a $1,500 credit for new paint and carpeting. So what’s the catch?

Since the home is in a retirement community, the buyer must be 55 or older and pay the monthly homeowners association fee of $1,700.

So far, there have not been any offers.

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  • Dood Diligence

    $1,700/mo. for a 500 square foot apartment? Yeah, right.

    Offer to pay $800/month to the condo association throughout all eternity and maybe then we'll talk.

  • Love OC

    The $1,700 includes all utilities, including cable, weekly housekeeping, and daily formal dining, bus services to local shopping and healthcare facilities, $8 a round golf course, 5 swimming pools, 8 clubhouses with activities and classes all 10 miles from the ocean with a view from every condo in the 2 – 14 story towers.

  • Ralph Chastain

    Property taxes are probably through the roof. No wonder nothing sells these days. They think everyone is rich as crap. Many people are either poor or full of more debt than they can handle.

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