It is more expensive to own a high-rise condo in South Florida than just about anywhere else in the U.S. except for an island between the East and Hudson rivers.
And that doesn’t include paying for the condo itself. That’s just the cost of upkeep in the form of monthly fees.
An annual review of condo buildings of at least seven stories managed by First Service Residential finds the average association fee of a Miami-Dade high-rise condo is up almost $500 a month compared to last year. Average monthly assessments now run more than $1,900 a month for these types of buildings. The cost is just over $1,800 a month for units in Fort Lauderdale and Palm Beach…