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Palm Bay Yacht Club Condos For Sale - Miami

Welcome to your local Palm Bay Yacht Club condos for sale & Miami real estate resource. To request up-to-date information, including sales history and prices, property disclosures, and more about Palm Bay Yacht Club properties for sale, or to arrange your 780 NE 69 St, Miami, FL private showing, contact your local real estate experts today. Read more about Palm Bay Yacht Club real estate .

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• Palm Bay Yacht Club

Palm Bay Yacht Club is a waterfront condominium building located in Miami, Florida, with a range of options priced between $295,000 and $1,099,000. There are currently a total of 17 condos for sale in Palm Bay Yacht Club . The smallest condo presently available is a one bedroom one bathroom residence that is 521 square feet, and the largest of the condos currently on the market has three beds and three baths and is a 2,548 square foot residence.

Property management fees in Miami-Dade County vary depending on the community and sometimes vary between units in the building. The current Condo fees for Palm Bay Yacht Club range from $941 to $3,395. This fee includes common area maintenance, grounds maintenance, building maintenance, roof repair and replacement, the community swimming pool, and security. Also included is property insurance, water, trash removal, sewer, pest control, Cable TV, climate control, laundry facilities, parking, and recreation facilities. Please check the individual listing pages for the exact homeowners association fees for a particular Palm Bay Yacht Club condo.

The Palm Bay Yacht Club complex offers a plethora of amenities for it's residents to enjoy including a clubhouse, swimming pool, spa / hot tub, cabana, a state-of-the-art fitness center, sauna, game room, billiards room, hobby room, laundry facilities, business center, vehicle wash area, and a library. Sports facilities include tennis courts, pickleball, and basketball. Onsite dining venues consist of a picnic area, and a barbecue area.

Boating enthusiasts will love the fact that the community has boat faclities including a boat dock, and a community marina. There is also walking or jogging trails, as well as beach access.

The Palm Bay Yacht Club HOA rules do allow homeowners to have pets. There is a limitation on pet size.

There are three commercial airports near Palm Bay Yacht Club - Miami International Airport ( MIA ), which is seven miles away; Miami Opa Locka Executive ( OPF ), which is eight miles away, and Fort Lauderdale Hollywood International Airport ( FLL ), which is sixteen miles away. For those who fly private, there are three private airports nearby: North Perry ( HWO ), Miami Executive ( TMB ), and Fort Lauderdale Executive ( FXE ), all within twenty five miles of Palm Bay Yacht Club.

Palm Bay Yacht Club real estate activity on the MLS in the past year (as of May 2024) reflects twenty condos changing hands during this period, with an average asking price of $568,450 and an average selling price of $488,808. This represents a list-to-sell price ratio of 86% and $261 per square foot. During this period, Palm Bay Yacht Club condos for sale have taken an average of 154 days to sell.

In addition, there are numerous other buildings in Miami to choose from, or you may browse all available Condos for sale in Miami . Condos in Palm Bay Yacht Club are selling quickly. Set up a new listing alert , and we will notify you immediately when a new listing hits the market. You can also always contact your ZFC Real Estate agent, who would happily assist you further with all your South Florida real estate needs.

MLS#AX-11456686 770 Ne 69th St 5i Miami, FL 33138

MLS#AX-11509875 770 Ne 69th St 2a Miami, FL 33138

MLS#AX-11557087 780 Ne 69th St Ph-1 Miami, FL 33138

MLS#AX-11560245 780 Ne 69th St 1409 Miami, FL 33138

MLS#AX-11426652 780 Ne 69th St 1408 Miami, FL 33138

MLS#AX-11531669 770 Ne 69th St 4h Miami, FL 33138

MLS#AX-11513461 780 Ne 69th St 1610 Miami, FL 33138

MLS#AX-11545462 770 Ne 69th St 3f Miami, FL 33138

MLS#AX-11518383 770 Ne 69th St 7a Miami, FL 33138

MLS#AX-11540701 780 Ne 69th St 1501 Miami, FL 33138

MLS#AX-11548697 780 Ne 69th St 601 Miami, FL 33138

MLS#AX-11557556 780 Ne 69th St 1406 Miami, FL 33138

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The data relating to homes for sale or lease or other real estate for sale or for rent on the ZFC website comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate Broker participates. The real estate listings displayed may not be all of the homes in the Multiple Listing database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Homes for sale that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS and the detailed listing page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. ZFC, the Florida Association of Realtors and its cooperating Multiple Listing Services do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law including the fair housing act prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. ZFC is an equal housing opportunity FL real estate broker. All listings featuring the BMLS logo are provided by Beaches Multiple Listing Service, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2023 BeachesMLS, Inc.

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THE PALM BAY YACHT CLUB C

Interior Features

• First Floor Entry
• Closet Cabinetry

Exterior Features

• East Of Us1
• Open Balcony
• Basketball Court
• Elevator(s)
• Exercise Room

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Property tax information.

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Palm Bay Yacht Club - 780 NE 69th St El Portal, FL 33138

WENDY MENDOZA

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(Milena Malaver for Biscayne Times)

$46 Million Condo Shock

Eerie reminder of Champlain Towers

by Milena Malaver , Biscayne Times Contributor

Mar. 02, 2023

The Palm Bay Yacht Club stands 27 stories high at 780 NE 69th St., and real estate listings for its residences – with price tags between $338,000-$600,000 – boast of Biscayne Bay views, luxury amenities and an idyllic South Florida lifestyle.

What’s not included in those effusive property descriptions is that current owners are being told they must agree to cough up more than $175,000 each to bring the building up to snuff to pass its 40-year recertification – repairs the condominium association says will cost $46 million.

Palm Bay Yacht Club

The Champlain Towers South Condo Association approved a $15 million assessment in April 2021 to complete repairs in preparation for its 40-year recertification process. The oceanfront 12-story building in Surfside collapsed weeks later on June 24, killing 98 people.

And, just as the Champlain Towers residents were shocked to receive assessments ranging from $80,190 to $336,135 for those proposed repairs prior to that tragedy, many owners at Palm Bay Yacht Club are similarly shaken, saying they can’t afford to pay, either.

Fear, anger, disbelief and despair are words condo owner of 13 years, Sonia Przulji, used to describe her initial reaction to the $46 million dollar loan her condo association wants owners to take on. Przulji is an ICU nurse and the sole provider of her household.

Sonia Przulji, Palm Bay Towers Resident

“My entire life and livelihood are on the line,” said Przulji. “If we cannot make this assessment then I lose my home.”

Przulji is far from alone in her sentiments. Ten dissenting owners filed a lawsuit in circuit court last October against the association, its board of directors, the property manager and others citing “questionable financial decisions.” Unspecified damages are sought. Among accusations of fraud and negligence, the plaintiffs claim the association wasted funds by focusing on superficial and nonessential upgrades to the building.

“Sometimes, when you have unscrupulous people in leadership roles, there will be problems like election tampering, ill-advised spending or outright theft,’’ said attorney Jane Muir, the Coral Gables lawyer representing the plaintiffs. “Our clients believe that Palm Bay Yacht Club’s leadership, including the board and the management company, have made serious misstatements of fact that rise to the level of fraud in an effort to persuade the association members to borrow $46 million.”

“We are fighting against this unjust assessment that many of our neighbors cannot afford to pay,” said Cristian Murray, a plaintiff and condo owner since 2017. “They will be homeless.”

Condo owners Randall Ames, Anais Benedetti, Cristian Murray, Simone Diament, Robert Tinianov, and Genie Anderson (L-R).

Sydney Harnett, age 84, has lived in the Palm Bay Yacht Club for 30 years and says she never dreamt of something like this happening.

“I would be forced out of my apartment,” said Harnett. “My home, where I’ve lived for a very long time. There are a few people who live here who have a lot of money, (but) the vast majority work for a living and do not have a lot of money. And if [the defendants] want an empty building, that’s what they’re going to get.”

But the condo association says residents can’t afford to not pay the assessment. Jonathan Goldstein, a lawyer for the association, declined to be interviewed for this story but emailed a statement on behalf of his clients.

Residents of the Palm Bay Yacht Club allege in their lawsuit that shoring was installed in the condominiums garage without proper permits. This image is cited as exhibit E.

“The Association vigorously disputes the lawsuit, which in the Association’s opinion is an attempt to disrupt the Association’s reasonable efforts to protect the building and comply with 40-year recertification requirements,” he wrote. “The safety of all members and compliance with recertification requirements are the Association’s foremost concern and responsibility at this point. In pursuing this project, the Association relies on the professional judgment of its qualified professional experts and project management team.”

What Does $46 Million Cover?

So exactly what would the $46 million loan pay for? It’s hard to say because neither side in the dispute would share an itemized list of needed repairs that add up to that hefty figure.

While repeated requests from the Times went unanswered, a copy of the plaintiffs’ complaint filed with the court and plans for proposed remodeling and structural repairs submitted to the city of Miami reveal that extensive prior repairs and enhancements to the Palm Bay Yacht Club were made without permits, resulting in numerous citations for city code violations.

The complaint, filed in Miami-Dade Circuit Court, lists unpermitted electrical, plumbing, HVAC and other construction work throughout the condominium building, including the gym, spa, pool deck, on-site restaurant and other amenities, such as the parking garage. D&R Contracting Corp. is cited in the lawsuit as having performed at least some of the unpermitted work.

(Courtesy of Simone Diament)

The tennis court at Palm Bay Towers is closed; it’s now being used as a parking lot.

Plans submitted to the city show diagrams of all such work that will have to be torn out and completed anew, with proper permitting. Presumably, this is a significant portion of the estimated $46 million.

The plaintiffs also accuse their condo association of misappropriating $4 million from an insurance claim for damages suffered during Hurricane Irma in 2017. Instead, according to the legal complaint, “defendants required unit owners to pay a special assessment to make the repairs and retained the insurance proceeds.”

All the while, dissenting owners and plaintiffs have been stewing.

“They’ve tried very, very hard to sort of force the unit owners into agreeing to this $46 million loan,” said Genie Anderson, a plaintiff and condo owner since 2015. “And how have they done that? They’ve taken away all our amenities, and a year ago, they shut down the pool. They shut down the jacuzzi, they took away our parking downstairs.”

The closed pool at Palm Bay Yacht Club

The tennis court and the pool are still prominently featured on MiamiCondoLifestyle.com, but neither is currently open. A visit to the property revealed parked cars on the tennis court and the pool surrounded by a fence.

The plaintiffs are holding out against the loan until the defendants agree to allow another property management team to conduct an assessment, one they trust to be qualified.

Mistrust of Management

In 2020, the board of directors hired a new property management company, AKAM Living Services Inc. According to the lawsuit, that was done “without ratification by the unit owners.” The lawsuit also alleges that neither the company nor Douglas Weinstein, vice president of operations for the company, have a required real estate broker’s license and are therefore unqualified to serve as property managers.

Photos of citations for unpermitted work on condominium doors were presented as evidence in the lawsuit against the Palm Bay Yacht Club condo association.

“We know that we need to have an assessment in order to have the recertification,” Murray said. “None of the owners have any problems with that. It is the law. Our problem is that these assessments have been exaggerated.”

Suspicious of the costs they are being asked to pay and of the qualifications of those who completed the association’s assessment, dissenting residents hired Tamara Reyes, a former Miami-Dade police officer, to investigate.

Reyes founded a company called South Florida Property Owners Consulting to look into corruption among real estate and building associations. Her investigation concluded that the original assessment exaggerated the cost of repairs and damages by more than $11 million. The lawsuit blames Epic Forensics & Engineering Inc. for that, saying the company “exaggerated the damage and structural deficiencies of the Association’s property.”

The association also stands accused of inappropriate spending.

“Reyes found over $100,000 in personal expenditures by [the association’s] staff like Amazon, going out to dinner at restaurants in New York and gifts,” said Muir. “There is no explanation for that other than improper spending.”

Even if residents prove they are being overcharged by $11 million, that still leaves them $35 million in the hole, which is more than double what Champlain Towers South residents would have had to pay.

Safety First

To be clear, neither the complaint nor the repair plans allege that the residential structure of Palm Bay Yacht Club is in any danger of collapse. In fact, pages 2 and 3 of the building plans clearly state that: “The building is structurally safe for present occupancy and will remain safe while repairs are being made.”

Nearly a year after the Champlain Towers tragedy, Florida Senate Bill 4-D passed to address safety concerns for condominiums and cooperative buildings. Coastal condominiums and buildings three stories or higher built between 1982 and 1997 must now undergo recertification by the end of 2024 and then every 10 years afterward.

For coastal condominiums that were built after 1998, the recertification must be done once the buildings turn 25, followed by inspections every 10 years. All other buildings must complete recertification 30 years after initial occupancy and every 10 years afterward. Buildings like the Palm Bay Yacht Club, built before 1982 that have begun the recertification process, will continue to follow that schedule.

The new legislation also eliminates the option for association members to waive and/or redirect certain reserve funds set aside for building components deemed critical to structural soundness and safety.

An unintended consequence of the legislation are scenarios like the one at Palm Bay Yacht Club, where there is little to no return in value for significant capital investment on structural soundness and safety. Under those circumstances, owners are likely to sell out to redevelopers.

At least two hearings have been postponed since residents filed their suit. The next scheduled hearing before Miami-District Court Judge Thomas J. Rebull is set for Feb. 13.

In the meantime, residents in this luxury high-rise say they aren’t giving up.

“We are willing to fight this until the end,” said Przulji. “I want to stay at Palm Bay. I have no plans on going anywhere else, I never thought that I would live anywhere else.”

This report was a collaboration between the Biscayne Times and FIU’s South Florida Media Network.

Palm Bay Yacht Club Residents' Lawsuit

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