A Condo for Cars? Luxury Vehicle Storage Turns Parking into Big Business

While the housing crunch and stubbornly high interest rates are putting homes out of reach for many, those with the means are willing to plunk down millions for a condo dedicated to their luxury cars.

This is not a fancy garage.

“A garage is an attached unit to a residential dwelling,” James Pilkingtonof Weichert Realtors – Paradise Homes tells Realtor.com. “An auto condo is specifically designed as a larger storage for multiple or a collection of automobiles. Just like any other condo in Southwest Florida, [the buyer] will own it.”…

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