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Units in the 60-year-old Flagler Cove condominium, outlined in red, sold for more than $1 million in 2023 to the developer of Alba Palm Beach, a new luxury condominium two lots south of Flagler Cove.
Across Florida, aging condo buildings are facing rising expenses and millions of dollars in structural repairs to comply with new regulations following the collapse of the Champlain Towers ...
According to data from RCLCO Real Estate, the Holding Company of the Villages sold 2,231 homes in 2017, a 13% increase over 2016. The Villages was the top-selling master-planned community in the United States in 2017 and one of only four communities to sell more than 1,000 homes. [19]
According to 55places.com, Florida has the most age-restricted communities with more than 375 communities, with New Jersey coming in second with more than 230 age-restricted communities. [9] Other popular states for age-restricted communities include Oregon, North Carolina, South Carolina, Pennsylvania, and Utah. [10]
A one-of-a-kind oceanfront penthouse wedged between two high rises is on the market for $5 million.. Called the “Bridge Penthouse” in the listing, this condo has 7 bedrooms and 7.5 bathrooms.
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.
The WSJ reported condo inventory for sale in South Florida has more than doubled since the first quarter of 2023, to more than 18,000 units today, due to either rising insurance costs or repair ...
From January 2008 to December 2012, if you bought shares in companies when Judith L. Estrin joined the board, and sold them when she left, you would have a 49.4 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
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