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One-buck condo isn’t exactly a steal of a deal

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Sure, the condo was small, only 500 square feet.

But it offered the chance for “resort-style” living in an Orange County high-rise overflowing with amenities: “delicious gourmet meals,” housekeeping and access to a library, game rooms and fitness centers.

The listing price: just $1.

It seemed like that proverbial deal too good to be true. And in a way, it was.

After being listed three months ago, the condo in Laguna Woods Village has been taken off the market.

Cathy Flores, a real estate agent at Century 21 Award who listed the property, said the condo — in a building of 311 units — was the last piece of a trust that the owners were trying to unload, and they thought they could give someone a good deal. But they decided earlier this month not to renew the listing.

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Although Flores got plenty of calls, none were serious.

For one thing, residents are required to be 55 or older. And those amenities don’t come free: The new owners would still have to pay the homeowners association fees, which run more than $1,700 a month.

Potential buyers “thought they’d put a dollar in an envelope,” Flores said, “and that would be all.”

rick.rojas@latimes.com

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