Long Beach Condominium Articles

In the time I've spent selling condos, I have become very familiar with the budgets of most condominium associations in Panama City Beach. Generally, the association fees for these beachfront properties are what you would expect. However, some buildings have budgets that exceed reasonable expectations. This is often due to unanticipated building maintenance, which is the case at Long Beach. You will also see instances of associations falling behind on reserves due to unexpected expenses. In rare instances, overcharges by management can cause the dues to increase.

In this article, I will clarify what has been occurring at Long Beach and why the association fees for this property are unexpectedly high. You will find that the large restoration project needed for the condos and the loan that was required to pay the expenses are the reasons behind the high association fees. The increase is not necessarily a scary issue. In this article, I will crunch the numbers to show an easy way to value a condo with higher than expected association dues.

Located on 1,300 feet of the world's most beautiful beaches, you will find Long Beach Resort. With four 14 story towers, each living room, bedroom, and dining room overlooks the white sand beaches of the Gulf of Mexico. In true resort style, you will find multiple pools and whirlpools along with a poolside snack bar. At the end of the day, you can relax on your own private balcony while enjoying the tranquil breezes and gorgeous sunsets. With all of the fine finishes and amenities, Long Beach Resort is the perfect home away from home.

Condominium Master Insurance Policy premiums in Panama City Beach have decreased for many condo associations this year. Many buildings are experiencing reductions for the second consecutive year. However, premiums are still notably higher than 2021 levels. More private insurance carriers reentered Florida’s Master Policy Insurance Market for condo associations in 2024. They were likely drawn by premiums that offered an attractive risk-reward balance. This increased competition has contributed to lower premiums.