What Is A Vintage Condo In Florida? Is It Different From A Milestone Condo?

Following the Surfside condo collapse, Florida condos now fall – based on our designation for statistical purposes – under three general categories: New, Used and Vintage.

If you are attempting to buy – or maybe already own – a unit in Florida, it is increasingly important to understand for pricing purposes the difference between a new, used and vintage condo.

The terms are not an official designation – as we are introducing the names right here – but is likely to significantly influence public perception, resale pricing and monthly maintenance fees in the Sunshine State going forward after a number of changes to the Florida Condo Law.

Going forward, we will start tracking all condo resale statistics based on when units were constructed. New units are those that are less than 10 years old. Used condos are units that are at least 10 years. Vintage condos are units that are at least 25 years old.

We are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. If you are looking for condo resale information, 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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