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Some owners, like Ivan Rodriguez, who liquidated his 401(k) retirement account to buy a unit for $190,000 in 2019, can’t afford the extra fees, so they’re putting up their condos for sale instead.
Owners at the Surfside condos in Daytona Beach, where a two-bedroom unit is currently listed for $415,000, have paid between $50,000 and $60,000 in assessments to have their building’s concrete ...
The Conrad Fort Lauderdale is a luxury condominium-hotel resort located on ocean-front property on North Fort Lauderdale Beach Boulevard in Fort Lauderdale, Florida.The resort includes 181 condo-hotel units, as well as 109 condominium units in a separate building known as The Ocean Resort Residences.
A Florida 'condo cliff' is coming as owners deal with fallout from 2021 Surfside collapse. ... for sale on September 8. CBS News 2 months ago Here's how old the typical U.S. homebuyer is today.
Dev Star Group principals had turned around two other local condominium projects — Paramount Bay in Miami and Ocean House on South Beach. The units at One Fifty One at Biscayne consist of two-bedroom residences of 1,600 to almost 1,800 square feet and three-bedroom residences of 2,000 to almost 2,400 square feet.
The Florida Legislature passed condo reform legislation in a May 2022 special session as Senate Bill 4-D, addressing issues highlighted in the aftermath of the Surfside collapse. [206] It was modeled on the 40 year recertification [207] scheme. [208] The bill creates a state-wide inspection program for condo buildings taller than three stories.