When evaluating where to purchase a condominium, monthly HOA (homeowners association) fees are an important consideration. In Coral Gables, luxury condo building Merrick Manor’s HOA fees are 25% less expensive than the average in Miami’s Brickell district and 40% cheaper than Coconut Grove.
Merrick Manor’s monthly HOA fees average $0.70 per square foot, while Brickell’s average is $0.88 per square foot and Coconut Grove’s $1.15 per square foot, according to Southeast Florida MLS (Multiple Listing Service) data. Many of the condo buildings in Brickell and Coconut Grove were built years before Merrick Manor’s recent completion.
What does this mean for a condo owner?
Using a 1,200-square-foot unit as an example, a Merrick Manor owner would save an average of $216 per month in HOA fees compared with Brickell, and $540 per month compared with Coconut Grove condo buildings. That kind of savings adds up over time.
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 the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. 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.