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Condos For Sale In Florida
Is Florida real estate top of mind in your home search? You'll find condos for sale in Florida for every lifestyle and budget, from luxury downtown high-rises in trendy urban areas like Miami and Tampa to cozy beachside low-rise units in relaxed towns like Naples and Destin. Condos in the Sunshine State offer low-maintenance homeownership with perks like top-notch amenities, beach proximity, warm weather year-round, and no state income tax. Check out our listings below!
Florida Condo Market
Although it has had some difficulties in recent years, the Florida real estate market remains one of the strongest in the U.S. and is projected to remain that way in the next five years. The Sunshine State housing market has seen significant increases in both prices and inventory for its main categories: single-family homes and condos.
If you’re over 55 and eager to trade your lawn mower for a chaise lounge by the pool or a young professional looking for a cozy urban pad within walking distance from the office, Florida has a condo for you. Snowbirds looking for summer retreats and active families seeking spacious units in calm suburbs minutes from beaches and amenities, are in for a treat as well.
According to recent data from Florida Realtors, the median price for condos for sale in Florida increased by nearly 9%, reaching $310K. When it comes to inventory levels, compared to the same time last year, the number of Florida condos increased by a staggering 90%.
Condos for sale in Florida are known to be one of the most profitable markets in the country, and Metro areas such as Miami, Tampa, and Orlando are at the forefront. Other metro areas to keep under your radar if you’re a condo buyer in Florida are:
If you’re a condo buyer in this state, you’ll be paying 96.6% of the listed price for your desired unit. This suggests that while there is some potential for negotiation, sellers still have the upper hand in the market.
Regarding the median number of days in the market, it takes only 14 days for the condos for sale in Florida to go under contract, while there are typically 56 days between the listing date and the closing date.
Florida Cities For Condo Buyers
Miami
Magic City is a top destination for buyers of Florida condos for sale. The Miami real estate market has been experiencing a steady upswing for over a decade. In the last 12 months the condos for sale in Miami have increased in price by 2.6%, rising from $380K to $390K, over the state’s average.
If you are in the market for Florida condos for sale in Miami, there are plenty of options to choose from depending on your preferences. You can find everything from luxury waterfront condos to affordable units in eclectic, up-and-coming neighborhoods.
Miami Condo Neighborhoods: Brickell, Downtown Miami, Sunny Isles Beaches, Key Biscayne, Miami Beach.
Miami Condo Sampler: Icon Brickell, Four Seasons Residences, Gables Club Towers I & II, Prive Island Estates, Residences at Vizcaya.
Tampa
Looking to move to a Tampa condo? You can enjoy beautiful waterfront views, abundant entertainment options, a thriving economy, and a wide selection of Florida condos for sale in different styles and price ranges.
The median price of a traditional condo for sale in Tampa has increased by 13.7% year-over-year and is now $282.5K. Foreclosed and REO condos in Tampa have a median price of $188K. There is a wide range of options available for living in Tampa, including modern units in high-rise buildings in Downtown and cozy low-rise complexes in the suburbs.
Tampa Condo Neighborhoods: Downtown Tampa, Hyde Park, Davis Islands, Beach Park, Harbor Island.
Tampa Condo Sampler: Bellamy on Bayshore Condos, Marina Pointe Condos, SkyPoint Condos, One Laurel Place Condominiums, Pendry Residences, Aqua at Westshore Yacht Club.
Orlando
Orlando is one of the most important markets to buy condos for sale in Florida. The condos in Orlando are priced more reasonably compared to single-family homes and townhouses. The median price of a condo for sale in Orlando is around $210K and it usually increases at a yearly rate of 10.5%, which is higher than the national average.
If you are interested in a resort lifestyle, you can take a look at the luxurious high-rise condos for sale in downtown complexes in Orlando. If you're looking for a relaxed atmosphere, you can discover charming condos in mid- and low-rise buildings that are perfect for retirees in peaceful suburbs.
Orlando Condo Neighborhoods: Downtown Orlando, Lake Eola Heights, South Eola, Baldwin Park, Thornton Central Park.
Orlando Condo Sampler: Paramount on Lake Eola, Jefferson Sand Lake, The Solaire at the Plaza.
Jacksonville
Jacksonville is one of the top areas to purchase North Florida condos for sale. The condos for sale in Jacksonville provide a great opportunity for people who want luxurious and hassle-free living without spending too much.
According to data from the local MLS, the median sale price of condos for sale in Jacksonville is $213K, which is a 13.8% increase from the previous year and still under the state’s average
The majority of the available condos for sale in Jacksonville are units with one, two, or three bedrooms with the best options boasting views of the St. Johns River or the ocean. It is easier to find existing, well-kept condos than new construction in Jacksonville or pre-sale units, which are available in smaller numbers.
Jacksonville Condo Neighborhoods: Downtown Jacksonville, Riverside, San Marco, Fairfax, LaVila, Avondale, Springfield, Murray Hill.
Jacksonville Condo Sampler: Colonial Point Condominiums, Broadview Terrace, The Peninsula on the Southbank, Villa Medici Condo Complex, Mirabella Condominiums.
Florida Condo Amenities
When it comes to Florida condo living, it's all about the amenities. From beachfront access to private catering with your own personal chef, there's no shortage of luxury perks in every city, neighborhood, and condo building.
Some condos offer a resort-style pool perfect for lounging and soaking up the sun, while others have tennis courts, shuffleboard, and even putting greens for the more active residents.
Whether you're looking for a place to relax or stay active, Florida condos have got you covered. Keep reading for a list of amenities in the state:
- Sea or city views
- Private beach access
- Community swimming pools
- Lap pools
- Hot tubs and spas
- Saunas
- Poolside cabanas
- Sun deck areas
- On-site restaurants
- On-site grocery stores
- 24-hour valet parking
- 24-hour security
- Concierge services
- Business centers
- Fitness centers
- Yoga gardens
- Sports courts
- Billiards rooms
- Storage units
- Bike storages
- Private marinas
- Helipads
- Golf courses
- Club houses / Clubrooms / Social rooms
- Private clubs
- Meeting rooms
- Jogging paths
- Theater areas
- Children’s playgrounds
- Pet parks and areas
- Pet services
Frequently Asked Questions About Florida Condos For Sale
What’s the tallest condo building in Florida?
If you're aiming high when buying condos for sale in Florida, the tallest condo building in the state is the Panorama Tower in Miami. This massive, 85-story structure soars 868 feet tall, making it the tallest building in the Sunshine State. Panorama Tower offers luxurious units with high-end amenities and breathtaking views of Biscayne Bay, Miami Beach, and the city skyline.
What is the median cost of a condo in Florida?
According to recent data, the average cost of townhouses or condos for sale in Florida is around $310K, a year-over-year increase of almost 9%.
How much money do you need to live comfortably in Florida?
The answer to this question depends on several factors like where you plan to live, your lifestyle, and your budgeting habits. Generally, the cost of living in Florida is moderate. According to MIT's Living Wage Calculator, a single person with no children can maintain a decent living standard in Florida with an annual salary of around $40K before tax.
However, the actual cost of living varies from city to city. For example, Miami and Orlando tend to be more expensive than Jacksonville or Tampa. The key to living comfortably in Florida is to have a good understanding of your expenses and plan accordingly. Keep in mind that there are many perks to living in Florida, like no state income tax and plenty of job opportunities.
What is the average HOA fee for a condo in Florida?
The typical range of HOA fees in Florida is between $100 to $500. However, these fees can differ significantly based on the type of condos for sale you decide to purchase. The HOA fees include costs and services needed to maintain a property or building.
Some of the expenses may be for building amenities such as pools and fitness centers, as well as for general maintenance and repair costs. Additionally, there may be costs associated with paying building staff. If the building or property where you’re planning to buy your unit has abundant perks, it is likely that your HOA fee will be higher than average.
Is it cheaper to live in California or Florida?
When it comes to living expenses, many people want to know which state is cheaper to live in: California or Florida? While California may offer stunning coastlines and bustling cities, it also boasts higher costs of living in terms of housing, taxes, and utilities. The living cost in California is approximately 49% above the national average.
On the other hand, Florida features a more tropical climate, numerous beaches, and several theme parks – all at a lower cost of living overall. Florida’s cost of living index is 103.1, only 3% over the U.S. average.
How long does it take to close on a condo in Florida?
There's no hard and fast rule for how long it takes to close on a condo in Florida. Factors like the complexity of the deal, the type of financing you'll be using, and the workload of your real estate agent and attorney can all come into play.
That being said, a typical closing process can take anywhere from four to eight weeks. However, don't be surprised if it takes longer –remembering that patience is key when it comes to real estate transactions.
What part of Florida is cheapest to live in?
If you're looking for affordable living in the Sunshine State, you might want to consider some of the lesser-known areas. While Miami and Orlando may be popular destinations, some homebuyers might find them a bit above their budget. Instead, take a closer look at the Gulf Coast or the Panhandle.
Places like Pensacola, Ocala, or even Tallahassee offer lower rents, affordable housing, and lower overall costs of living. Not to mention, these places come with a ton of opportunities for outdoor activities and scenic views. Before choosing where to purchase condos for sale in Florida
Is buying a Florida condo a good investment?
Investing in a Florida condo can be a wise financial decision. Florida's sunny year-round weather, sparkling beaches, and lively tourist industry make it a prime location for vacationers and retirees, ensuring that your condo will generate a steady stream of rental income.
Additionally, Florida's real estate market has historically shown consistent growth, meaning that your investment is likely to appreciate over time. Of course, like any investment, there are risks involved, such as the threat of hurricanes and certain property management issues.
Work with an experienced real estate agent so you can do comprehensive research and minimize the risks in order to make a smart investment.
Can I do short-term rentals in my condo in Florida?
Short-term rentals in Florida do not have licensing restrictions. Owners of Florida condos, single-family homes, and multi-family properties can run vacation rental businesses, even if they do not occupy the property themselves.
To better understand the state laws on this matter, consult the regulations on the website of the Florida Department of Business and Professional Regulation (DBPR).
Are all Florida condos for sale near a beach?
When it comes to Florida condos, many people assume that they all come with an ocean view. However, that's not always the case because not every city in the Sunshine State is considered coastal.
Plenty of condos for sale in Florida are located further inland or in more urban areas, offering scenic lake, river, or city views. However, If you're hoping to wake up to the sound of crashing waves and the salty sea air, Florida has no shortage of real estate options for beach lovers, including beachfront condos in areas like:
Things To Do In Florida
There are plenty of options for showcasing the versatility of the Sunshine State's beautiful landscapes and historical stops, including museums, from exploring big cities to enjoying small-town activities, as well as indulging in water sports and going on tropical adventures.
While escaping to the beach and exploring theme parks are popular activities here, if you decide to purchase one of the condos for sale in Florida don’t overlook the lesser-known attractions. You can visit the Salvador Dali Museum in St. Petersburg or take a spooky ghost tour in Key West! Here’s a quick list of bucket-list-worthy things to do in Florida:
- Have endless fun at Walt Disney World & Universal
- Experience all the thrill of Busch Gardens Tampa
- Go snorkeling in Dry Tortugas National Park
- Try the original Cuban sandwich in Ybor City, Tampa
- Discover the history of space travel at the Kennedy Space Center
- Immerse yourself in art at Salvador Dalí Museum in St. Petersburg
- Take an airboat tour through the Everglades National Park
- Have a tanning session while sipping cocktails in South Beach
- Go shelling on Sanibel Island or hunt for shark teeth in Venice
- Walk the cobblestone streets of St. Augustine, the oldest town in Florida.
- Swim with manatees at Three Sisters Springs in Crystal River
- Explore the Hemingway House or go on a ghost tour in Key West
Living in Florida Condos
Florida Weather
The Florida climate is temperate because every part of the state is near the ocean. Florida has a subtropical and tropical climate where residents enjoy high temperatures year-round and rarely see snowfall. The average daily temperature across the state is 71°F.
During the summer in the state, the temperature generally stays below 100 °F (37.8 °C). However, there have been some exceptionally cold days with maximum temperatures as low as 30s °F (−1 to 4 °C) and record lows in the 10s (−12 to −7 °C). While Florida is known as the "Sunshine State", it frequently experiences severe weather, like the following:
- Hurricanes: Each year, from June 1 to November 30, hurricanes are a serious threat to the Florida peninsula, especially during the months of August to October.
- Tornadoes: When it comes to tornadoes, Florida has the highest frequency per area in the United States. However, these tornadoes usually do not reach the same level of intensity as those occurring in the Midwest.
- Lightning: Central Florida experiences more lightning strikes than any other region in the United States and is, therefore, commonly referred to as the lightning capital of the country.
- Precipitation: In Florida, the average precipitation level is one of the highest compared to other states. This is mainly due to the prevalence of afternoon thunderstorms from late spring through early autumn.
Since Florida is no stranger to severe weather, condos for sale in the area have had to adapt their building codes accordingly. One of the most significant changes has been the incorporation of wind-resistant materials and construction techniques. For example, impact-resistant glass is now commonly used in windows to protect against high winds and flying debris.
Additionally, some condos developers have incorporated reinforced concrete and steel framing to help units withstand strong gusts of wind. These adaptations not only help protect the buildings themselves but also the residents who call Florida condos home.
Florida Job Market & Economy
Florida has a fast-growing job market and offers many high-wage jobs across industries, in part due to high levels of tourism and the presence of multiple corporations headquartered in the state. The state also has a low unemployment rate (2.6%) compared to other parts of the country.
While leisure and hospitality remain popular areas to work in Florida, professional and business services are growing quickly. Other popular industries in the state include:
- Aviation
- Aerospace
- Life sciences
- Manufacturing
- Defense
Unlike other states that rely on a single city center to drive their economy, Florida's job growth is evenly distributed throughout Florida. Part of this is because all real estate, including the condos for sale in Florida, are located close to a beach or other popular tourist destination, like the world-famous theme parks.
Florida's business-friendly environment attracts many Fortune 500 companies besides Disney, who benefit from the state's low tax rates. For job seekers, major employers like Publix Super Markets, AutoNation, and Darden Restaurants provide options to consider.