At $1,850 for a 1-bed condo built in 1950, you're looking at roughly $4/sqft in a market where median condo prices have dropped 7.4% year-over-year—suggesting buyers are increasingly factoring in reserve contributions and the costs of aging-building inspections, which is critical here given the vintage. The location on South Atlantic Avenue puts you directly on the main beach strip in a town with a median age of nearly 60, so you're betting on either rental income from seasonal/snowbird demand or personal use in a retirement-skewed community where single-family homes median $800K+ and condo inventory may be clearing because owners are hitting their reserve-funding thresholds. Before committing, get the reserve study and condo financials; a $1,850 price tag in this beach location is a bargain only if the building's underlying costs aren't about to spike.

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