Cathy Flores, the listing agent for the condo in The Towers complex in Laguna Woods, said the sellers want only $1 for the 500-square-foot condo and are offering to pay $1,500 for new paint and carpeting but she has yet to receive an offer for the property, the Orange County (Calif.) Register reported Tuesday.
The fourth-floor condo features dinner service, maid service and utilities included, but Flores said potential buyers are put off by the condo being in a retirement community -- which means no residents under the age of 55 are allowed -- and charging $1,718 a month in dues to the homeowners association.
"It is a good deal, but it's not a good investment," Flores said. "It's really for someone looking to enjoy the amenities in Laguna Woods."
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