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South Florida Condo Owners Enraged By $56 Million Special Assessment
Manage episode 455286025 series 3242606
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses a hefty $56 million assessment levied on the owners in a 567-unit condo association in Hollywood Beach.
Units owner in The Summit condo project - comprised of a pair of 25-story towers built in 1982 - in Southeast Broward County are each facing nearly $99,000 in special assessments, according to a NBC 6 Miami report .
On top of the special assessment, unit owners in the condo project are also required to continue to pay their existing maintenance fees that are north of $0.80 per square foot monthly.
Read the report: https://peterzalewski.substack.com/p/south-florida-condo-owners-enraged
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