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WELCOME TO BLUE LAGOON CONDOMINIUM!
Surround yourself with Guam’s blue skies and blue seas…. come home to the Blue Lagoon Condominium.
Sometimes a rare opportunity presents itself….this is one of those times. If you are an individual who places a high value on the “quality of life”, it may be time to change your address to 204 Frank Cushing Way, Tumon, Guam.
Wake up to an early morning walk or run along the beach…it’s at your doorstep. Come home, unwind, and relax to Guam’s magnificent sunsets….watch for the “green flash” from your lanai as the sun disappears from the ocean’s horizon…or spend weekends with family and friends soaking up Guam’s sunshine as lounge in the sand. Very few people can live this close to the sand and surf…you can be one of the fortunate few at Blue Lagoon Condominium.
If this sounds good, please click here for more information on Blue Lagoon Condominiums:
FLOOR PLANS
The property consists of 21 two bedroom, two bath residential units, each containing approximately 1,100 square feet of living area plus a covered lanai. There is 1 three bedroom, two bath unit containing approximately 1,400 square feet of living area plus lanai. All but two units have direct panoramic views of Tumon Bay. Each unit comes partially furnished with a combination of carpet and ceramic tile floor coverings, quality cabinetry, standard appliances including a stackable washer and dryer, and storage area. All units have two parking stalls. Please click to see the floor plans:
Floor Plan A
Floor Plan A1
Floor Plan B
Floor Plan B1
Floor Pan D
Floor Plan E
PRICING
Blue Lagoon Condominiums start in the high $400,000's for lower floors up to the low $600,000's for top floor units. Please refer to the pricing matrix below for sales information.
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Unit
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Unit Type
Bed/Bath
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Unit Size
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Listing
Price
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Status
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201
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3/2.5
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1,474
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643,500
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Sold
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202
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2/2
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1,014
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471,000
|
|
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203
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2/2
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1,015
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471,000
|
|
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204
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2/2
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1,140
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476,400
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|
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205
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2/2
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1,132
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476,400
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|
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301
|
2/2
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1,161
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534,352
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Sold
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302
|
2/2
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1,014
|
514,552
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Sold
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303
|
2/2
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1,015
|
481,000
|
|
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304
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2/2
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1,140
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486,000
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|
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401
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2/2
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1,161
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505,000
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|
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402
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2/2
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1,014
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488,000
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|
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403
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2/2
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1,015
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488,000
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|
|
404
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2/2
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1,140
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505,000
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|
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501
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2/2
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1,161
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529,000
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|
|
502
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2/2
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1,014
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567,293
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Sold
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503
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2/2
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1,015
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520,000
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|
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504
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2/2
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1,140
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529,000
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|
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601
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2/2
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1,161
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615,457
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Sold
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602
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2/2
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1,014
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595,657
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Sold
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603
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2/2
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1,015
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595,657
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Sold
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604
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2/2
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1,140
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615,457
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Sold
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FINANCING
The following financial institutions have already made loans on or are willing to make loans on Blue Lagoon Condos: First Hawaiian Bank, Bank of Hawaii, BankPacific, Citibank, ANZ Citizen's Security Bank, Bank of Guam, Government of Guam Federal Employee Credit Union, and Community First Federal Credit Union.
Typical loan to value ratios include the following: 100% under the Veteran's Administration Guaranty Program (VA); 80% under conventional fixed rate and adjustable rate programs (in some cases up to 90% with Private Mortgage Insurance); and 75% for investors.
HORIZONTAL PROPERTY REGIME, ARTICLES, AND BYLAWS
Click here to view a copy of HPR , Articles, and Bylaws.
COMMON AREA FEES
The common area fee is $500.00 per month and currently covers common area maintenance (back-up generator, elevator, garbage removal, grounds), insurance, management, and common area water and power.
SAMPLE PURCHASE AGREEMENT
If you are interested in purchasing a Blue Lagoon Condo, please click here to see a sample purchase agreement. If you have any questions, you can call Chris Murphy @ 1-671-488-7371 or email
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PHOTO GALLERY
Here are some representative photos taken of the model unit. Several owners have completed major renovation projects, adding their personal touches to their respective units.
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