Latest news with #WestKendall
Miami Herald
13 hours ago
- General
- Miami Herald
Three South Florida places from Kendall to Sunrise sold winning lottery tickets
Of Monday's three big money Florida Lottery draw games — Powerball, Cash4Life, Fantasy 5 — only one didn't have a jackpot winner. That would be Powerball, which will have a $325 million jackpot Wednesday. One of the Cash4Life jackpots, $1,000 a week for life, was won by a player in New York. For the second time in a week, hitting the midday Fantasy 5 numbers jackpot turned out to be twice as lucrative as hitting the evening draw numbers. During Monday's early trip to Sunrise's University Liquor, 2400 N. University Dr., somebody played 6, 14, 21, 31 and 35. That quintet of choices was worth $50,722. The evening draw paid off for those who feel three is a magic number: 3, 6, 9, 12 and 33. That combination was on four tickets, each worth $26,228: West Kendall's Sabor Tropical Supermarket, 8700 SW 137th Ct.; a Quick Pick ticket from Bravo Supermarket, 6767 Pembroke Rd. in Pembroke Pines; a Dunedin Publix, 1491 Main St.; and the 7-Eleven at 3801 Murrell Rd. in Rockledge. These tickets must be cashed at a Florida Lottery office, which are open 8:30 a.m. to 4 p.m. Monday through Friday. Appointments can be made, but aren't required. The district office closest to the above Miami-Dade and Broward locations is at 14621 Oak Ln. in Miami Lakes and can be reached at MIARC@ and 305-364-3080.
Yahoo
25-05-2025
- Business
- Yahoo
‘Why so much?': Florida condo owners fear losing their homes after being handed shocking $3.5M assessment
Like many condo owners in Florida, residents at the Heron Condominiums in West Kendall were expecting to receive a special assessment of some kind. The mandatory 40-year recertification inspection is the result of new regulations for condominiums in the state following the deadly 2021 condo collapse in Surfside, Florida. But when their special assessment came back for $3.48 million, the residents were aghast. While the aging condo building was likely to need repairs of some kind, the colossal price tag has left many worried about potentially losing their homes. "They're not against the special assessment," said Mayra Rodriguez, a resident speaking on behalf of several homeowners in an interview with CBS News Miami. "They're just saying, why so much?" Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Those who own condos know that some of the costs and maintenance responsibilities are outside the residents' control. For example, this condo needs roof repairs, building repairs, waterproofing and other structural work. And, until these are completed, the buildings cannot be recertified and must bare code violation signs throughout the property. These repair costs are covered through the assessment, which is divided between the number of units a building has so that each unit covers a portion of that total bill. In this case, the $3.48 million assessment is spread across approximately 250 units. Residents at Heron have a choice between two different payment options: a 10-year bank loan amounting to roughly $154 per unit per month or a self-funded payment of over $13,200, paid either as a lump sum or divided into four quarterly payments of roughly $3,300, starting in June. In order for the condo board to move forward with the bank loan payment option, at least 66% of the condo owners must approve that action. With the vote yet to happen, residents are worried about being able to cover the cost on their own. 'That's $3,300 every three months," Rodriguez explained. "Most people here just can't afford that." Beyond the consternation about the upcoming assessment, residents are frustrated about the lack of communication and transparency from the board. The owners at this condo complex already pay $260 per month in dues. But they aren't clear on how those funds have been used. "Where is all the money we've been paying for?" asked Jose Redondo, an owner in the complex. Read more: This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Earlier this month, Governor Ron DeSantis signed a bill aiming to bring immediate financial relief to condo owners. The bill allows condo associations to tap into lines of credit or loans for their reserves and allows for an extra year to make repairs following a structural inspection. While this bill may offer some financial relief for condo owners in the short term, it doesn't entirely protect their budget or longer-term financial wellbeing. The ability to tap into loans likely means many condo owners will face an ongoing monthly payment (with interest) or higher condo dues. Similarly, not all residents have the luxury to wait for the bill to come into effect in July (Heron residents for example are expected to start paying their portions of the assessment in June). So while Florida's post-Surfside condo regulations were made with safety in mind, the new requirements have also meant greater financial strain for those living on a fixed income. Some residents of the Heron complex are seniors living on such an income. While their property values might be high, these lower-income residents may feel 'house rich but cash poor.' Depending on the situation, some residents might also not qualify for new loans to cover their assessment costs. If they wanted to leave the complex, they might struggle to find a comparable housing option in the area. With that, many condo owners might feel compelled to sell below market value, downsize to a smaller place, relocate to a more affordable city, or switch to renting for the foreseeable future. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
25-05-2025
- Business
- Yahoo
‘Why so much?': Florida condo owners fear losing their homes after being handed shocking $3.5M assessment
Like many condo owners in Florida, residents at the Heron Condominiums in West Kendall were expecting to receive a special assessment of some kind. The mandatory 40-year recertification inspection is the result of new regulations for condominiums in the state following the deadly 2021 condo collapse in Surfside, Florida. But when their special assessment came back for $3.48 million, the residents were aghast. While the aging condo building was likely to need repairs of some kind, the colossal price tag has left many worried about potentially losing their homes. "They're not against the special assessment," said Mayra Rodriguez, a resident speaking on behalf of several homeowners in an interview with CBS News Miami. "They're just saying, why so much?" Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Those who own condos know that some of the costs and maintenance responsibilities are outside the residents' control. For example, this condo needs roof repairs, building repairs, waterproofing and other structural work. And, until these are completed, the buildings cannot be recertified and must bare code violation signs throughout the property. These repair costs are covered through the assessment, which is divided between the number of units a building has so that each unit covers a portion of that total bill. In this case, the $3.48 million assessment is spread across approximately 250 units. Residents at Heron have a choice between two different payment options: a 10-year bank loan amounting to roughly $154 per unit per month or a self-funded payment of over $13,200, paid either as a lump sum or divided into four quarterly payments of roughly $3,300, starting in June. In order for the condo board to move forward with the bank loan payment option, at least 66% of the condo owners must approve that action. With the vote yet to happen, residents are worried about being able to cover the cost on their own. 'That's $3,300 every three months," Rodriguez explained. "Most people here just can't afford that." Beyond the consternation about the upcoming assessment, residents are frustrated about the lack of communication and transparency from the board. The owners at this condo complex already pay $260 per month in dues. But they aren't clear on how those funds have been used. "Where is all the money we've been paying for?" asked Jose Redondo, an owner in the complex. Read more: This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Earlier this month, Governor Ron DeSantis signed a bill aiming to bring immediate financial relief to condo owners. The bill allows condo associations to tap into lines of credit or loans for their reserves and allows for an extra year to make repairs following a structural inspection. While this bill may offer some financial relief for condo owners in the short term, it doesn't entirely protect their budget or longer-term financial wellbeing. The ability to tap into loans likely means many condo owners will face an ongoing monthly payment (with interest) or higher condo dues. Similarly, not all residents have the luxury to wait for the bill to come into effect in July (Heron residents for example are expected to start paying their portions of the assessment in June). So while Florida's post-Surfside condo regulations were made with safety in mind, the new requirements have also meant greater financial strain for those living on a fixed income. Some residents of the Heron complex are seniors living on such an income. While their property values might be high, these lower-income residents may feel 'house rich but cash poor.' Depending on the situation, some residents might also not qualify for new loans to cover their assessment costs. If they wanted to leave the complex, they might struggle to find a comparable housing option in the area. With that, many condo owners might feel compelled to sell below market value, downsize to a smaller place, relocate to a more affordable city, or switch to renting for the foreseeable future. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
25-05-2025
- Business
- Yahoo
‘Why so much?': Florida condo owners fear losing their homes after being handed shocking $3.5M assessment
Like many condo owners in Florida, residents at the Heron Condominiums in West Kendall were expecting to receive a special assessment of some kind. The mandatory 40-year recertification inspection is the result of new regulations for condominiums in the state following the deadly 2021 condo collapse in Surfside, Florida. But when their special assessment came back for $3.48 million, the residents were aghast. While the aging condo building was likely to need repairs of some kind, the colossal price tag has left many worried about potentially losing their homes. "They're not against the special assessment," said Mayra Rodriguez, a resident speaking on behalf of several homeowners in an interview with CBS News Miami. "They're just saying, why so much?" Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Those who own condos know that some of the costs and maintenance responsibilities are outside the residents' control. For example, this condo needs roof repairs, building repairs, waterproofing and other structural work. And, until these are completed, the buildings cannot be recertified and must bare code violation signs throughout the property. These repair costs are covered through the assessment, which is divided between the number of units a building has so that each unit covers a portion of that total bill. In this case, the $3.48 million assessment is spread across approximately 250 units. Residents at Heron have a choice between two different payment options: a 10-year bank loan amounting to roughly $154 per unit per month or a self-funded payment of over $13,200, paid either as a lump sum or divided into four quarterly payments of roughly $3,300, starting in June. In order for the condo board to move forward with the bank loan payment option, at least 66% of the condo owners must approve that action. With the vote yet to happen, residents are worried about being able to cover the cost on their own. 'That's $3,300 every three months," Rodriguez explained. "Most people here just can't afford that." Beyond the consternation about the upcoming assessment, residents are frustrated about the lack of communication and transparency from the board. The owners at this condo complex already pay $260 per month in dues. But they aren't clear on how those funds have been used. "Where is all the money we've been paying for?" asked Jose Redondo, an owner in the complex. Read more: This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Earlier this month, Governor Ron DeSantis signed a bill aiming to bring immediate financial relief to condo owners. The bill allows condo associations to tap into lines of credit or loans for their reserves and allows for an extra year to make repairs following a structural inspection. While this bill may offer some financial relief for condo owners in the short term, it doesn't entirely protect their budget or longer-term financial wellbeing. The ability to tap into loans likely means many condo owners will face an ongoing monthly payment (with interest) or higher condo dues. Similarly, not all residents have the luxury to wait for the bill to come into effect in July (Heron residents for example are expected to start paying their portions of the assessment in June). So while Florida's post-Surfside condo regulations were made with safety in mind, the new requirements have also meant greater financial strain for those living on a fixed income. Some residents of the Heron complex are seniors living on such an income. While their property values might be high, these lower-income residents may feel 'house rich but cash poor.' Depending on the situation, some residents might also not qualify for new loans to cover their assessment costs. If they wanted to leave the complex, they might struggle to find a comparable housing option in the area. With that, many condo owners might feel compelled to sell below market value, downsize to a smaller place, relocate to a more affordable city, or switch to renting for the foreseeable future. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CBS News
08-05-2025
- Business
- CBS News
Condo owners in West Kendall community furious after board approves $3.4 million special assessment loan
Frustration erupted inside a packed meeting room Wednesday night as residents of the Heron Hammocks community in West Kendall learned their monthly fees will increase to cover a $3.4 million loan approved by their condo board. The move, owners said, was decided before they even walked in to the meeting. Board approves special assessment despite concerns Lilian Bernal is one of about 100 residents who showed up to the meeting, where they saw their condo board vote in favor of a special assessment to pay for critical repairs demanded by the Miami-Dade County Building Department. "I don't have any place to go. We're on a fixed budget," said Bernal. According to the association, the assessment will fund extensive repairs, including roof work, building restoration, and waterproofing -- all necessary to meet recertification requirements. CBS News Miami was informed by the board's general counsel, Reinaldo Castellanos, that failing to perform the mandated work is not an option. $3.4 million price tag and monthly payment plan "The association must find a way to complete the work required by Miami-Dade County to recertify the 28 Heron buildings," Castellanos said, citing the total cost to more than $3.4 million. The board approved a loan to cover the repairs, which means residents will now pay $154 more per month for the next ten years. Earlier in the day, CBS News Miami spoke to a resident about the financial burden. "How much would be the payment per unit and for how long? For ten years, $154 a month," they said. But residents who attended Wednesday's meeting said the outcome felt predetermined. "This has been pre-planned, premeditated. That has been there for almost 11 years now. And for what? They ruined us!" Bernal added. Residents say vote wasn't transparent According to Castellanos, proxy forms were sent to residents ahead of the meeting, allowing them to vote yes or no on the assessment. He said they reached the two-thirds majority needed to approve the loan option. Even residents who didn't attend in person were counted as having legally cast their votes if they submitted proxy forms, Castellanos said.
