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Florida’s Condo Laws Impact Key Biscayne, Brickell and All of South Florida

Florida’s Condo Laws Impact Key Biscayne, Brickell and All of South Florida

Condominium owners in Florida, particularly on Key Biscayne, are facing increased costs due to mandated safety improvements and higher insurance rates. By January 1, 2025, all condos over 30 years old must complete a Structural Integrity Reserve Study, leading to higher monthly fees and special assessments for necessary repairs. Many residents, especially seniors, are considering selling their units as prices drop by an average of 20%. Governor DeSantis has acknowledged the financial strain on owners and suggested potential solutions, but skepticism remains about immediate relief.

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A Bespoke Real Estate Experience

From private listings to strategic negotiations, Kelby Contreras offers an elevated, client-focused approach to luxury real estate in Miami. With a keen eye for detail and a passion for excellence, he ensures that every property search, sale, or investment is handled with precision, discretion, and sophistication.

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