That a tough one. For instance, communites like Villas of Seagate or Belle Vista have monthly fees appraoching $1,000! There is no cap. These fees will diffinately go up or they will add assessments.
Both of these communities are waterfront and clearly in the flood zone.
Communities such as Douglas Arms, Patrician Oaks and Mediterranean Manors will have fees for non-waterfront, between $200 to $350 monthly depending on size.
Edgewater Arms, another waterfront community with incrediable 'big water views". has a $550 (approximately) monthly. This community is near downtown, adjacent to the marina and I've got one for $259,000 that is well tricked out and is a corner unit.
Be aware, there are other communities of villas with maintenance fees close to $100 just off Virginia Ave. These communites provide no amenities such as community pools or recreational facilities.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Move to the Front of the Line
Condos on the water with waterfront amenities are obviously going to be higher than a condo inland with fewer amenities. Fees are based on the cost to run the community. Active involvement on a board allows any homeowner to keep and eye on it and be a part of the process. A condo in a flood zone will be higher due to insurance. There are issues currently on how the Biggert Waters Act will ultimately effect flood insurance rates, but due to Katrina and Sandy they are going up for all of us.
Most associations have a cap on how much a budget can go up in a year, but if an emergency repair or insurance issue came up, the community could have to look at a potential assessment. This is why it is important when going through the due diligence process of buying a condo to get a copy of the condo disclosure, budget and financials to see what condition the association is in and the particular unit you are purchasing.
I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
It really depends on the price point and what is included. If you had a specific complex I would be glad to let you know what the fees are and what it includes. They typically are a couple hundred dollars but again it can vary.
Be glad to assist
2012 Million Dollar Club