CondoVultures.com analysis of the 1st quarter of 2013 revealed that 600 new South Beach condos are not yet sold. These are the vestiges of South Florida’s last boom. The units are selling at an average of only 2 units per month as the prices increase. Compared to the fourth quarter of 2012, the average price […]
Tag Archives: South Beach
Icon board president cashed $100K in checks from tony condominium’s accounts
John Stimmel, Board President of the Icon at South Beach, has cashed more than $113,000 in checks between 2005 to 2008. This was discovered by the condominium’s occupants at the beginning of this month. Stimmel says that the money was utilized as Christmas tips for the building’s employees. But for whatever reason, residents say, […]