Short Sale; approval of the seller's lenders(s) may be conditioned upon the gross commission being reduced, any reduction of the gross commission will be apportioned 50%-$295 between listing and cooperating brokers. Active with Contract. Beautifully Updated Waterfront Condo in the Prestigious Waterfront Gated Community of Pasadena Yacht and Country Club. The kitchen has been opened up to the living room with great views. Great Master Bath with a Garden Tub and a Separate Shower Stall. Kipps I Condos have a separate community pool and the ability to rent and buy boat slips. This is a short sale.