[Greg Nelson]

A 2 bedroom, partial ocean view condo with uncovered parking asking 499k has HOA fees almost $12,000 a year! ISLAMORADA

[photo1902]

Originally Posted by Greg Nelson

A 2 bedroom, partial ocean view condo with uncovered parking asking 499k has HOA fees almost $12,000 a year! ISLAMORADA

But true

[justjim]

Originally Posted by Greg Nelson

A 2 bedroom, partial ocean view condo with uncovered parking asking 499k has HOA fees almost $12,000 a year! ISLAMORADA

So, I can agree this is a high HOA fee. What does this have to do with residents of The Villages?

[Cisco Kid]

Originally Posted by justjim

So, I can agree this is a high HOA fee. What does this have to do with residents of The Villages?

Reminds you that you are living the dream.

[Warren Kiefer]

Originally Posted by greg nelson

a 2 bedroom, partial ocean view condo with uncovered parking asking 499k has hoa fees almost $12,000 a year! islamorada

last time i checked i lived in the villages. How is this post relevent ???

[Bogie Shooter]

Wow, some very critical posts , this Valentines Day.......................

[Greg Nelson]

Be Mine Valentine. The reason is to show the difference....this is Hurricane alley

[virgind]

When we lived down there our house insurance was $10000 so what. Remember an HOA in a condo covers most of your insurance. Also covers your water and quite often covers basic cable. 12000 is not all that bad when you figure all that in.

[bagboy]

Originally Posted by Warren Kiefer

last time i checked i lived in the villages. How is this post relevent ???

Last time I checked the OP posted in the Non Villages discussion forum. Seems to me he can post whatever he feels like.

[rdhdleo]

I found it interesting. Why can't we just be kind?

[Greg Nelson]

Close at will...the HOA fees do not cover assessments like the sewer hook up here which is an additional $3600!

[bagboy]

I would think a big chunk of that $1000 a month assessment would be for insurance, hurricane, flood, liability, etc. I haven't seen too many HOAs that actually build up a decent reserve fund for future expenses

[CFrance]

I'm curious. Where are they building condos in Islamorada, Greg? Ocean side or Gulf? What mile marker? We were just down there and saw some building going on ocean side.

[dbussone]

Originally Posted by bagboy

I would think a big chunk of that $1000 a month assessment would be for insurance, hurricane, flood, liability, etc. I haven't seen too many HOAs that actually build up a decent reserve fund for future expenses

I can assure you many do. I was President of an HOA in Las Vegas. Our assessment reserves funded 200% of recommended needs. When the real estate bubble collapsed, our HOA, and many around us, survived.

If you have good advisors, you get what you pay for. They are worth every penny.

[bagboy]

Originally Posted by dbussone

I can assure you many do. I was President of an HOA in Las Vegas. Our assessment reserves funded 200% of recommended needs. When the real estate bubble collapsed, our HOA, and many around us, survived.

If you have good advisors, you get what you pay for. They are worth every penny.

I know much more of what I speak that you give me credit for.