The St. Elizabeth Condos in Uptown New Orleans have not always been condos. The historic New Orleans condo complex is located at 1314 Napoleon Ave. It looks ready for Christmas as it is brightly decorated with red bows and green trim. It is just a very pretty building dating back to the 1850’s.
Many if not most of the condos in New Orleans Market did not start out as condos but were built for other uses. St. Elizabeth’s started off as a school. It then became an orphanage several years later. In the later years it was purchased by Anne Rice , the vampire author who called New Orleans home. It was purchased and developed as condos in 2004 and sold as condos in 2005.
The conversion such as this building is what buyers like in New Orleans. If a developer can redo and develop a historic building upgrading the the building with classy redesign then he will have a winner in all price ranges. It still got to have a great location as St. Elizabeth’s has done.
There has been little turnover since the conversion. The few condos that have come on the market have sold fairly quickly. Its because there are not enough top notch condo conversions to meet the demand in this price range. There were town homes built on the rear of property but they lac the historic feel of the historic building.
Merry Christmas and a Happy New Year as 2010 is almost gone……………….