The Marina Tower building in Old Port Cove, in North Palm Beach is getting a fresh new look as it undergoes updates. The exterior of the building is currently being painted white to give it a more modern look. This recent upgrade follows a series of updates to the building over the past few years. The 1970s dated lobby was updated a few years ago with a modern sophisticated style. The elevators were also updated and the corridors were given fresh paint, new carpets and modern decor. The pool area was repaired and freshly painted with new patio furniture and most importantly concrete restoration was completed.
401 S Seas Drive 403 Jupiter, FL 33477
401 S Seas Drive 403 Jupiter, FL 33477 the Bluffs Ocean South
Oceanfront condo with direct ocean views! This fully furnished, turnkey-ready unit has been completely remodeled with NEW impact doors, windows, and tile flooring throughout. Enjoy stunning ocean views from spacious new balconies in both the living room and master bedroom, plus vistas of open land and the pool. Watch boats on the ocean and access the beach through your private gate. The 2/2 condo also includes an extra room currently set up as a 3rd bedroom. This open floor plan unit offers a vibrant beach lifestyle. The community features a pool, tennis courts, and is close to shops, restaurants, and the beach. It’s one of the few rare units in the entire development that’s grandfathered in with tile flooring throughout.
Data comliments of:
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What is the Milestone Inspection Report Summary
2025 UPDATE – Note that there is new language required for these reports found in the latest Condominium Rider to the FAR BAR Contract…
ORIGIONAL POST…
The condominium rider to the FAR BAR contract states at the end of it that:
MILESTONE INSPECTION REPORT SUMMARY: Pursuant to Section 718.503(2)(a)5, F.S., Buyer who has entered into this Contract is entitled, at Seller’s expense, to receive from Seller, before the sale of the Property, a copy of the inspector-prepared summary of the milestone inspection report, as described in Sections 553.899 and 718.301(4)(p), Florida Statutes, if (1) applicable and (2) the summary has been submitted to the Association.
What is this? Following the collapse of the Surfside building the Florida legislature made some changes and this is one of them.
“Milestone inspection” means a structural inspection of a building, including an inspection of load-bearing elements and the primary structural members and primary structural systems as those terms are defined in s. 627.706, by an architect licensed under chapter 481 or engineer licensed under chapter 471 authorized to practice in this state for the purposes of attesting to the life safety and adequacy of the structural components of the building and, to the extent reasonably possible, determining the general structural condition of the building as it affects the safety of such building, including a determination of any necessary maintenance, repair, or replacement of any structural component of the building. The purpose of such inspection is not to determine if the condition of an existing building is in compliance with the Florida Building Code or the firesafety code. The milestone inspection services may be provided by a team of professionals with an architect or engineer acting as a registered design professional in responsible charge with all work and reports signed and sealed by the appropriate qualified team member.
It is worth noting here that the the Milestone Study is sent to the association’s local building department, where it can be examined by anyone who requests it. All one need do is to make a public records request for it.
What is the STRUCTURAL INTEGRITY RESERVE STUDY
The Condominium rider to the FAR BAR Contract states at the end of it that:
STRUCTURAL INTEGRITY RESERVE STUDY: Pursuant to Section 718.503(2)(a)6, F.S., Buyer who has entered into this Contract is entitled, at Seller’s expense, to receive from Seller, before the sale of the Property, a copy of the Association’s most recent structural integrity reserve study or a statement that the Association has not completed a structural integrity reserve study.
What is this? Well following the collapse of the Surfside tower the Florida legislature made some changes. Effective December 31, 2024, a residential condominium must have a structural integrity reserve study completed at least every 10 years after the condominium’s creation for each building on the condominium property that is three stories or higher in height as determined by the Florida Building Code?
What is it?
A structural integrity reserve study is a study of the reserve funds required for future major repairs and replacement of the condominium property performed as required under s. 718.112(2)(g).
For a budget adopted on or after December 31, 2024, the members of a unit owner controlled association that must obtain a SIRS may not determine to provide no reserves or less reserves than required for items listed in paragraph (g).
For a budget adopted on or after December 31, 2024, the members of a unitowner controlled association that must obtain a SIRS may not vote to use reserves, or any interest accruing thereon, for any other purpose other than the replacement or deferred maintenance costs of the components listed in paragraph (g).
The SIRS must identify each item being visually inspected, state the
estimated useful life and the estimated replacement cost or deferred
maintenance expense of each item, and provide a reserve funding schedule with a recommended annual reserve amount that achieves the estimated cost or deferred maintenance expense of each item inspected by the end of the estimated remaining useful life of the item.
New Florida law to take effect that requires property owner to disclose flood damage.
Starting October 1, 2024, Florida’s new Flood Disclosure requirement means sellers must disclose past flood damage before enterig into a Contract to sell a home.
Florida Statute 689.302 requires a seller to complete and provide a flood disclosure to a buyer of residential real property. This disclosure must be done at or before the time of a contract being executed. Sellers will need to disclose:
- Whether they have filed a claim with their insurance provider relating to flood damage on the property.
- Whether they have received federal assistance for flood damage to the property.
Note that is a STATE Law similar to the duty of a Seller, and their agent, to disclose all know defects of a Property which are not readily observable and which may affect the value to a Buyer is state law.
689.302 Disclosure of flood risks to prospective purchaser.—A seller must complete and provide a flood disclosure to a purchaser of residential real property at or before the time the sales contract is executed. The flood disclosure must be made in the following form:
FLOOD DISCLOSURE
Flood Insurance: Homeowners’ insurance policies do not include coverage for damage resulting from floods. Buyer is encouraged to discuss the need to purchase separate flood insurance coverage with Buyer’s insurance agent.
(1) Seller has ☐ has not ☐ filed a claim with an insurance provider relating to flood damage on the property, including, but not limited to, a claim with the National Flood Insurance Program.
(2) Seller has ☐ has not ☐ received federal assistance for flood damage to the property, including, but not limited to, assistance from the Federal Emergency Management Agency.
(3) For the purposes of this disclosure, the term “flooding” means a general or temporary condition of partial or complete inundation of the property caused by any of the following:
(a) The overflow of inland or tidal waters.
(b) The unusual and rapid accumulation of runoff or surface waters from any established water source, such as a river, stream, or drainage ditch.
(c) Sustained periods of standing water resulting from rainfall.
Prequalified vs. Preapproved: Key Differences
Source: Prequalified vs. Preapproved: Key Differences
I can not count the number of times I have had to have this conversations.
If you’re buying, get a preapproval.
If you’re a seller INSIST on a preapproval.
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