Prices slashed at The Clare at Water Tower

The Clare at Water Tower, 55 E Pearson St, has dramatically slashed prices on a number of units.

Last October we reported that 14 1-bedroom, 1 ½ bath units in the building had been listed for sale in the MLS. The units were priced from $525,000 to $937,985 and ranged in size from 774 to 1,183 square feet. All of those units were recently reduced to $253,500 – a discount from the original list price of as much as 73%.

Two-bedroom, 2-bath units have been reduced to $432,250.

Those are stunning prices for a new construction luxury building in a premier location. Before getting too carried away, however, you’ll want to look at the monthly assessments, which are over $2,700 for the larger 1-bedrooms, and over $4,400 for a 2-bedroom. You’ll also want to bear in mind that this is an age-restricted adult community.

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