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HIGH HOA fees

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Old 02-15-2016, 09:35 AM
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I know much more of what I speak that you give me credit for.
Actually, I assumed you are well informed. Nothing negative was intended. My comment related to my experience.
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Old 02-15-2016, 09:43 AM
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Actually, I assumed you are well informed. Nothing negative was intended. My comment related to my experience.
I think your association was lucky to have you. I'd like to think associations I've been involved with feel the same way about me.
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Old 02-15-2016, 09:58 AM
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I think your association was lucky to have you. I'd like to think associations I've been involved with feel the same way about me.

I am sure they do. An interested and informed officer/member is of unlimited value when difficult times approach.
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Old 02-15-2016, 10:09 AM
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Originally Posted by Greg Nelson View Post
A 2 bedroom, partial ocean view condo with uncovered parking asking 499k has HOA fees almost $12,000 a year! ISLAMORADA
I own a couple places in Myrtle Beach SC on the ocean that I rent out. The last one I bought was a 3 bedroom and it cost 170K. My HOA fees are about 650 a month. That includes water, electricity, basic cable, internet, insurance and maintenance of all buildings and common areas which include a waterpark, indoor pool, parking ramps, grounds, towels at the pool areas etc. Also on the grounds are privately owned restaurants, shops and live entertainment venues. I don't think it is too bad a deal when you total everything together.

The point is that you have to look at all that is provided in those HOA fees and determine if they are worth it.
  #20  
Old 02-15-2016, 11:19 AM
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Our HOA fees in Minnesota are $200/month. That includes water, sewer, garbage, snow removal, mowing, a boat slip, clubhouse and a small pool. An additional $50 a month during the summer for EPA sewer testing. And CFrance we're on the ocean side in a 40 year old 88 unit condo. Some new construction both sides wherever there is room.
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Old 02-15-2016, 11:41 AM
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Our HOA fees in Minnesota are $200/month. That includes water, sewer, garbage, snow removal, mowing, a boat slip, clubhouse and a small pool. An additional $50 a month during the summer for EPA sewer testing. And CFrance we're on the ocean side in a 40 year old 88 unit condo. Some new construction both sides wherever there is room.
Which ocean is in Minnesota? I guess I missed that day in geography class.
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Old 02-15-2016, 12:39 PM
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Which ocean is in Minnesota? I guess I missed that day in geography class.
He was answering a question I asked earlier in a different thread. Or you were making a joke!

Greg, what is the name of the condo complex? We'll be back down to Sands of Islamorada (to take the dogs swimming) with friends in a couple of weeks.
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Old 02-15-2016, 12:47 PM
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Old 02-15-2016, 01:27 PM
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We are currently renting in The Palms mm79.9 Atlantic side
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Old 02-15-2016, 11:13 PM
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We are currently renting in The Palms mm79.9 Atlantic side
Nice!
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Old 02-17-2016, 05:29 AM
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Friends in Estero pay $1800 per month fees for a fourth floor condo in a twelve story building, one of two such buildings, in gated complex (which also has some individual homes) with private restaurant, private beach, etc. that they purchased in 2012 for 499k. Yes, you read that right: they pay $$21600 per year in fees (not mortgage, property taxes, insurance for their individual unit, etc: those are all extra)

On the bright side, similar complexes in their building now selling (not listed, actually selling) for $799. Top floors $1million. Even with that fee!

So, yep, some people (not me) willing to pay high fees for superbly secure and lush places with all the amenities.

And, sometimes what seems a "bargain" is not: ever see a Villages home sell for 65% more than it was purchased for only four years ago? No.

Last edited by coolkayaker1; 02-17-2016 at 05:39 AM.
  #27  
Old 02-17-2016, 07:05 AM
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Originally Posted by coolkayaker1 View Post
Friends in Estero pay $1800 per month fees for a fourth floor condo in a twelve story building, one of two such buildings, in gated complex (which also has some individual homes) with private restaurant, private beach, etc. that they purchased in 2012 for 499k. Yes, you read that right: they pay $$21600 per year in fees (not mortgage, property taxes, insurance for their individual unit, etc: those are all extra)

On the bright side, similar complexes in their building now selling (not listed, actually selling) for $799. Top floors $1million. Even with that fee!

So, yep, some people (not me) willing to pay high fees for superbly secure and lush places with all the amenities.

And, sometimes what seems a "bargain" is not: ever see a Villages home sell for 65% more than it was purchased for only four years ago? No.
Wows er! A lot more $$ than I have. I talked to an 83 year old man yesterday that rented at Amara Kay next door for 3 months. He got a reduced rate from $250 a day.
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Old 02-17-2016, 08:35 AM
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[

And, sometimes what seems a "bargain" is not: ever see a Villages home sell for 65% more than it was purchased for only four years ago? No.[/QUOTE]


Yes. Not all, nor most, but some.
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  #29  
Old 02-17-2016, 08:53 AM
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Originally Posted by TomOB View Post
Which ocean is in Minnesota? I guess I missed that day in geography class.
On the Pacific Ocean side..............he can see the Russians too.
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Old 02-17-2016, 09:05 AM
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. . .

Last edited by Boomer; 02-18-2016 at 09:08 AM.
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fees, hoa, 499k, parking, $12, 000, yearfaint, uncovered, condo, bedroom, partial, ocean, high, view


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