Waterfront Condos Value: Tanners Landing vs. McRae Commons

With the economy experiencing a slight recession, now is the time to be frugal with one’s expenditures. Nowhere does this philosophy come into play more than when choosing the right waterfront condominium in Norfolk.

With so many options, how does one know if they are getting the most bang for their housing buck?

One method of narrowing it down is to compare downtown Norfolk condos on their price per square foot. That is, how much you are paying to live there divided by the amount of square feet in the luxury condo in Norfolk.

McRae Commons, a condo in downtown Norfolk, offers 2 different three-bedroom condo floor plans with a maximum square footage of 2420 square feet. The price of condos in McRae Commons range up to $569,000, making the average cost/ sq. ft. for a three-bedroom at McRae Commons around $235/ sq. ft. These Norfolk luxury condos in McRae Commons do not offer waterfront living or boat slips.

Compare McRae Commons to Tanners Landing, a beautiful VA waterfront condo situated on the Lynnhaven River. With 9 different three-bedroom condo configurations, Tanners Landing has a waterfront condo in Norfolk to suit all buyers’ needs. The largest three-bedroom is 2688 sq. ft. with a price $550,00. That means the average cost/ sq. ft. for these Norfolk waterfront condos is $205/ sq. foot; a much lower price and a much better value than McRae Commons.

On top of the great price per square foot, Tanners Landing provides amenities that McRae Commons does not, such as waterfront living in Norfolk, a spacious garage with owner-designated spaces, and the option for individual boat slips.

With the best value in Hampton Roads, Tanners Landing is the obvious choice for Norfolk condos. Contact them today to schedule a showing.