Miami HOA Fees Are Climbing | Carol Strom real estate broker. Founder of USAfitpros.com 50 state Telehealth and Labs bolt-on virtual LegitScript business

Miami ranked fifth nationally, with a median monthly HOA fee of $410 across HOA-paying homeowners, while Miami-Dade condo fees jumped ~60% from 2019 to 2023.
In Miami, some towers topped $1K monthly dues, and insurance alone added $350 to $400 per unit each month in typical high-rises.
A reserve study in a cluster of Brickell buildings triggered a $21M special assessment, highlighting how post-2021 reserve rules reshaped older condo budgets.
Older buildings absorbed more pressure: a 2018 tower with $1.6K dues often sold easier than a 1980s building charging $900 monthly fees.
Sellers in some of Miami's oldest condo stock discounted prices ~15% to ~25% below their 2022 peak as 1985-2005 buildings saw slower sales.