“A minefield for the unwary”: Florida condo owners adapt to post-Surfside laws
A clearer picture of Florida’s older condo market is emerging as condo associations across the state embark on multimillion-dollar repairs, a result of the deadly Surfside collapse of 2021. A low-rise condo complex built 43 years ago in West Palm Beach sold at a bankruptcy auction this week for $13.5 million. The Green Terrace community had $1.4 million in unpaid water bills and $1.5 million in code enforcement violations. A pair of developers bought the 84-unit, 13-building property. In South Florida in particular, many condo owners are feeling the pain. They’re forced to comply with condo safety laws passed after […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131