The Tides on Hollywood Beach is a great oceanfront building with fantastic amenities, and you can purchase a unit for a fraction of what it was selling for a few years ago, but you have to be prepared for possible increases in maintenance and/or assessments in the short term. Some buyers feel that they are getting a great deal and they will be ahead in the long term.

Other buyers feel more comfortable purchasing in an established building with few foreclosures or short sales, the maintenance will be less but the purchase price will be more. Of course maintenance increases and assessments are a fact of condo living as costs for basic service rise (ie salaries, insurance, landscaping, pool maintenance) and ongoing upkeep of the building (ie new roof, concrete restoration, pool refacing), so it's always best to speak directly with the condo association.

In any case prices for all ocean front condos have come down and it's a great time to buy - for a primary residence, winter escape or weekend getaway!

Please contact me directly with any questions or click here to see Hollywood Beach condos with spectacular ocean views: http://www.SueWeaver.com

Thank you,
Susan Weaver
Coral Shores Realty
1948 Harrison St
Hollywood, FL 33020
http://www.SueWeaver.com
Sue@SueWeaver.com

No! My experience is that high maintenance fees will keep the building depressed when things do get better. So let the Sellers sweat it out some more and when you cannot take the suspense anymore, buy one. If you can survive buying in another building then find something with lower fees so your are not throwing away money each month.

Hi Anna, the tides is a very good complex with great amenities . Real Estate is LOCATION LOCATION LOCATION, so do your maths and compare with other building on the beach with similar amenities.
Sergio Chanteiro,P.A.
Realtor TRC
FSR-GMAC
Aventura FL

Although real estate prices have dropped dramatically, maintenance fees still remain high and may go higher as each year go by depending on the health of the building and new features need be added or replaced. . You may want to check with your lawyer so that they can investigage for you if the maintenance fees are ideal for the building. The Tides maintenance fees covers basic cable, water, and insurance for the common areas. The building has a theater, party room and 2 pools, 1 for each building.

According to the property manager, there are no special assessments coming up in the near future but better put that in black and white. But please take into account your financial status. Are you prepared to pay a high maintenance fee besides paying for your mortgage? If so, and you would really like to own a condo unit at The Tides then go for it!

Diana Perez, B.S. Realtor
Property Manager
Majestic Properties
2132 Hollywood Blvd.
Hollywood, FL 33020
O: 954-925-2333
C: 561-929-4439

Hi Anna,
I am very familar wit the building and the situation. The Tides was a condo conversion, meaning many people who initially bought there probably should not have. This resulted in many foreclosures. The good news is that many of these are selling and so the maintenance is getting paid again. But the result was the inflated maintenance becasue over this few year period when this was happening so many units were not paying.
It is possible once the building is back to normal the maintenance could come down a bit. This happened in a building I owned in. But of course you cannot buy assuning this. I think getting an oceanront unit at a good price is something you cannot find in many places. If you take into consideration that just donw the stree many unts are 3 times these prices and the maintenance is even higher, it puts prospective on it. Granted this is an older building, but it should sustain for many years just fine if taken care of properly.
There are some newer options for similare prices in Hollywwod, but not directly on the beach.

If you need any assistance and have not found a realor to assist you feel free to contact me directly.

Beth Jenkins
South Floida Brokers
786-374-4778

High maintanence is usually a good sign, they need to keep enough money for repairs so that the owners are not hit with multiple large assessments at the same time.