1936 S Ocean 21D Sold

From the listing

Age 55+ BLDG HAS PASSED BOTH 40/50/60 YEAR INSPECTIONS, LOW HOA, No assessments. LOCATION: Just step out your front door, sink your toes in the sand. Enjoy morning coffee at the pool, beautiful Sunsets & Sunrise views. This Stunningly undated Unit features 2 bright/spacious bedrooms & 1.5 updated bathrooms, step in shower. Large Open recently updated concept kitchen features SS appliances, Beautiful porcelain tile throughout Quartz Countertop Impact Windows & front Door & Accordion shutters. No current assessments. 1st floor, 1 parking spot right in front of the unit 1 guest spot for additional car. Common Laundry. Heated Pool. Rent 1x lifetime. Service pets only. Publix up the street, Close to Gulfstream Race Track, Casinos, Ft Laud Airport Taromina Apartments Meeting MinutesDate: Thursday, March 20, 2025Attendees:- 7 Board Members which included, President and Vice President.- Irena (former President)- many members of the Co-op.Quorum:A quorum was achieved, and the meeting was called to order.Discussion:1. *Insurance for Building*: The President opened the discussion on insurance for the building, highlighting a shortfall for 2025 insurance.2. *Insurance Renewal*: The insurance renewal date is April 13, 2025. Lapsing on insurance would result in a 30% increase.3. *Assessment for Insurance*: The President proposed an assessment of $180,000 to cover the insurance costs.4. *Current Funds*: The association currently has $142,000 in the bank.5. *Shortage of Funds*: The President emphasized the serious shortage of funds for expenses.6. *Special Assessment*: The President suggested a special assessment of $180,000 to cover the insurance costs down payment cost that is equal to the previous year 2024.7. *Alternative Funding*: Irina (previous President) suggested allocating $13,000 from the 2024 special assessment to the 2025 insurance payment.8. *Roof Repair*: The President mentioned that roof repair would improve the building's position for future insurance prices and open up options with other companies.9.  Plumbing Issues*: The President mentioned plumbing issues related to cut-off valves locations and the need for easy access for future repairs.Vote:A vote was held on the special assessment of $180,000, with the following results:- 6 votes in favor 1 vote againstThe special assessment was approved.Payment Terms:The President mentioned the possibility of paying the assessment in two installments:- 1st payment: April  4, 2025- 2nd payment: May 20, 2025. (Paid by Seller) Future Plans:The President expressed hope that the 2025 insurance costs would be lower than expected, leaving excess funds for roof repairs.Meeting Adjournment:The meeting was adjourned with agreement from the President and Vice President.Taromina Apartments Meeting MinutesDate: Thursday, March 20, 2025Attendees:- 7 Board Members which included, President and Vice President.- Irena (former President)- many members of the Co-op.Quorum:A quorum was achieved, and the meeting was called to order.Discussion:1. *Insurance for Building*: The President opened the discussion on insurance for the building, highlighting a shortfall for 2025 insurance.2. *Insurance Renewal*: The insurance renewal date is April 13, 2025. Lapsing on insurance would result in a 30% increase.3. *Assessment for Insurance*: The President proposed an assessment of $180,000 to cover the insurance costs.4. *Current Funds*: The association currently has $142,000 in the bank.5. *Shortage of Funds*: The President emphasized the serious shortage of funds for expenses.6. *Special Assessment*: The President suggested a special assessment of $180,000 to cover the insurance costs down payment cost that is equal to the previous year 2024.7. *Alternative Funding*: Irina (previous President) suggested allocating $13,000 from the 2024 special assessment to the 2025 insurance payment.8. *Roof Repair*: The President mentioned that roof repair would improve the building's position for future insurance prices and open up options with other companies.9.  Plumbing Issues*: The President mentioned plumbing issues related to cut-off valves locations and the need for easy access for future repairs.Vote:A vote was held on the special assessment of $180,000, with the following results:- 6 votes in favor- 1 vote againstThe special assessment was approved.Payment Terms:The President mentioned the possibility of paying the assessment in two installments:- 1st payment: April  4, 2025- 2nd payment: May 20, 2025Future Plans:The President expressed hope that the 2025 insurance costs would be lower than expected, leaving excess funds for roof repairs.Meeting Adjournment:The meeting was adjourned with agreement from the President and Vice President.

Listed by RE/MAX 5 Star Realty