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Condos Catching On: Columnist Explains the Cost Savings, Lifestyle Benefits for Local Miami Buyers

Buyers who choose condominiums over single-family homes benefit from significant savings on insurance, maintenance and utilities costs and a more vibrant and convenient lifestyle, according to a new Miami Herald column.

In the column, Realtor Ralph De Martino explains the various ways condo owners can save on fees when compared with single-family owners. For instance, De Martino cites a report from Acentria Insurance that shows a median-price single-family home built after 2001 in Miami would have an annual insurance cost of $10,064 – while a median-priced condo policy would only cost $1,411. Additionally, single-family owners often pay monthly fees to cover landscaping and pool maintenance.

Other advantages for condo owners include:

  • As more people focus on experiences instead of physical possessions, condos offer the chance to enjoy the South Florida lifestyle at median and average prices that are about 1.75 times lower than single-family homes

  • Condo buildings, such as Merrick Manor, have 24-hour on-site security and enhance storm safety features

  • Owners at condo buildings have access to many amenities. At Merrick Manor, residents can relax at the resort-style pool deck, work out at the state-of-the-art fitness center or catch up on the day’s headlines at the news café

Merrick Manor, the only brand-new condominium offering in Coral Gables, has a limited collection of available luxury residences. Buyers can take advantage of the unprecedented mortgage rates and enjoy the stress-free convenience of condo ownership in the City Beautiful.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.

For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact Nadjalisse Rodriguez directly at 561-573-9824. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.

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