Some Floridians who are also condo owners know that things have changed since the Surfside condo tragedy of 2021. As a result of the collapse, Florida condo associations today must now conduct more frequent inspections that could result in repairs which must be paid by special assessments coming from homeowners. However, some condo owners, in Miami-Dade County’s North Bay Village, are selling to Florida’s billionaire Ansin family.
About The Ansin Family: According to The Real Deal, the Ansin family is one of the affluent families in the southern part of Florida. The family also owns the TV station WSVN. The Miami Herald estimates the late Edmund Ansin’s net worth as $1.5 billion.
The family recently proposed a 126-acre mixed-use development in Miramar, Florida.
About The Condo Purchase: Sunbeam Properties, led by the billionaire Ansin family, recently bought out the Treasure Island Cove Condominium at 1639 N. Treasure Drive in North Bay Village for $8 million.
Residents reportedly unanimously voted to sell in part because the building had a recertification exam upcoming and was behind on repairs that would necessitate a significant assessment. Additionally, residents would need to temporarily leave their condos during some of the work.