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Close to 88% of condos on the South Florida market were built over 30 years ago, an ISGWorld analysis shows. Prices for these older condos have fallen substantially, with an average sales price of ...
Karen Shipman and her husband bought a second-story condo overlooking the Gulf of Mexico in Venice, Florida when they retired in 2021, with the hopes it would be their last home.
Two other, smaller, reasons behind the glut of condos in Texas and Florida boomtowns: fewer investors and a construction boom. ... Shop the best under-$50 clothing items to grab right now on ...
In 2020, there were 3,903 hotel properties in Florida, consisting of 458,721 hotel and motel rooms. [1] In 2019, the American Automobile Association reported that Florida was the 2nd cleanest state in the U.S. by hotel cleanliness, having 485 hotels in the top 25%.
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.
Since then, the term ‘condominium’, or ‘condo’ for short, has become a household word in the U.S. [48] Many Americans' first widespread awareness of condominium life came not from its largest cities but from South Florida, where developers had imported the condominium concept from Puerto Rico and used it to sell thousands of inexpensive ...
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