Panama City Beach Florida Condo Association Dues 2025

We are examining the 2025 Panama City Beach, Florida, Condominium Association Dues, with an ongoing expansion of the condominiums under review.

Condo Association Dues vs Special Assessments

Condo Association Dues

Ideally condo association dues should provide an accurate reflection of the expected annual expenses based on the previous year's outlays. These dues should encompass both regular annual costs and contributions to reserves. This should be guided by a precise and accurate Reserve Study. Any expenses beyond this scope should be covered by a special assessment. This approach enables both current and prospective owners to evaluate the anticipated costs associated with condo ownership.

Special Assessments

Special Assessments can be settled either as a single payment or spread out over time. By keeping these assessments distinct, it clearly differentiates between routine annual expenses and one-off costs.

Panama City Beach 2025 Condo Association Dues

Panama City Beach condominiums are encountering numerous financial obstacles in 2025, such as:

• A dramatic rise in insurance premiums over the last five years.
  • I am expecting 2025 insurance premiums to drop 10-15% for many buildings.
• The need to update elevator and fire system electronics well before their expected lifespan.
• New structural requirements mandated by law.
• The broad impact of inflation.

The financial stewardship of these buildings is inconsistent; some manage their finances more effectively than others. 

Specific Condominiums

Calypso Condominium

The association fees for Calypso Towers 1 & 2 Condominium in Panama City Beach are slated for a 15% increase in 2025.

The main drivers behind this hike appear to be increased allocations for Reserves and Insurance. Under Florida law, all condominiums must, by 2025, allocate… pic.twitter.com/ufQ3DHjRN7

— Christopher Arnold (@panamabeachreal) December 22, 2024

Ocean Villa

The insurance expense for 2024 was $357,000. For 2025, the insurance is projected to cost $360,000, translating to $2,880 annually or $240 monthly. When you add this insurance estimate to the regular monthly dues of $610, the effective monthly association fee becomes $850.

— Christopher Arnold (@panamabeachreal) December 23, 2024

Majestic Beach Condominium

The association fees at Majestic Condominium in Panama City Beach remain unchanged for 2025. Upon review, a couple changes stand out:

The insurance budget has decreased significantly from 1.009 MM to 802k.

The reserve fund has seen a slight increase, going from 871k to 995k. pic.twitter.com/mgIQTwJUCx

— Christopher Arnold (@panamabeachreal) December 27, 2024

Boardwalk Beach Resort Condominium

The association fees at Boardwalk Condominium in Panama City Beach remain unchanged for 2025 despite a reduction in the overall budget. The budget has decreased from 4.414 MM to 4.259 MM. Upon review, several key changes stand out:

The insurance budget has decreased… pic.twitter.com/zIx9WSfuAO

— Christopher Arnold (@panamabeachreal) December 24, 2024

Whispering Seas Condominium

In Panama City Beach Florida, Whispering Seas Condominium's 2025 association dues for a two-bedroom unit rank as the third highest we've recorded at $1,374 per month. The condominium passed its Milestone Inspection and Structural Reserves report with no issues, suggesting that… pic.twitter.com/QR3j5Ck42F

— Christopher Arnold (@panamabeachreal) February 4, 2025

This is a follow up to the Panama City Beach Florida Condo Association Dues 2024 article.