Click here to find out about CONDO CONVERSIONS
Example: Myself, Alan, Karen, Al, Gladys and Norman
all purchased condos between $206,900 and $229,900.
As each building converted from the reservation stage
to contract, the price increased an average of $3,000-$5,000
per building with lakeviews increasing $7,000-$10,000.
For the first 7 months, the builder price increased
$10,000 per month. All 192 units were sold out
with the price for the floorplan we purchased now selling between $320,000 and $370,000 in the new market..
If you wish to rent your residence after completion,
your responsibilities will include the monthly homeowners
association fee which could range between $200-$300
per month, a possible Master association fee and possible
CDD. (community development district) The CDD is a
line item tax ranging from $1,500-$3,000 per year
for between an average of 15 to 20 years depending
on the community. Most Florida real estate taxes run
1.25-1.5% of the new home sale price.