Pay Now, Regret Later? Miami Condo Owners Face Special Assessment Anxiety

In this latest issue of the Miami Condo Market Intelligence Report™, we examine the tough choice facing Miami condo owners: pay special assessments or sell before 2025.

This week’s Miami Condo Market Intelligence Report™ newsletter examines the pros and cons for unit owners of paying special assessments versus selling in the leadup to Florida’s 2025 Condo Association Financial Cliff.

In our effort to game out the two scenarios, we interviewed Andy “Daro” Rotondaro, a Realtor® with The Daro Team at Compass real estate and a North Bay Village Commissioner, for the second episode of our new podcast series entitled “Special Report: Florida’s 2025 Condo Association Financial Cliff.”

Rotondaro was a perfect guest at this moment as he has worked as a real estate agent with condo buyers and sellers for a decade in South Florida.

As an elected official, he is responsible for protecting legislatively his island community located in Biscayne Bay between Miami and Miami Beach.

Added to that, Rotondaro owns a pair of units in a vintage condo tower in North Bay Village that was built in 1969 and is facing $50,000 in special assessments.

We encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.

As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.

If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.

This information is believed to be accurate and complete but cannot be guaranteed or warranted.

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