Frequently Asked Questions (FAQ’s)

What style and size units are available?

There are 326 condominium townhome residences available. There are four different models to choose from. The Dorado and the Catalina models are one bedroom, one bathroom units, differing in square footage, and the Balboa and Anastasia models are two bedroom, two bathroom units, differing in square footage. The mix of available units is as follows: 66 One bedroom townhomes, and 260 two bedroom townhomes.

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When will the units be ready for occupancy?

The residences at Coral Pointe Townhome Condominiums will be available for occupancy within 60 days of signing the contract on purchases of vacant units.

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What is included in each condominium?

The condominiums are delivered in its existing “as is” condition. Each condominium contains a refrigerator, electric range, ventilated microwave, washer, dryer, dishwasher, basic cable for T.V. and monitored alarm system.

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How soon can prospective buyers close?

The contract for sale stipulates that prospective buyers will be notified of their closing date.

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Is there a sales office?

Yes, the sales office is located at 8585 NW 6th Lane, Unit #110, and is open daily from 10 a.m. to 6 p.m. Please call to make an appointment at 305.269.4900. The sales office is decorated as a model. Esslinger-Wooten-Maxwell, Inc. Realtors are the exclusive listing agents for Coral Pointe Townhome Condominiums.

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What about parking?

Each unit owner will be assigned the exclusive use of one parking space at time of closing. The parking spaces are not deeded to the unit owner and are considered limited common elements. Additional parking spaces will be available for use by guests of residents.

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Are pets allowed?

Yes, pets under 25 pounds are allowed and must be registered with the condominium association.

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What about the maintenance fee?

At this time the maintenance fee is estimated to be about $.18 per square foot of living space. The maintenance fee includes trash services, basic cable for television, monitored alarm system, maintenance of common elements, insurance for common elements including flood, hazard and liability (unit owners are required to have a separate policy to cover their personal property), and reserves for the replacement of common elements.

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Will prices increase?

Yes, there will be several price increases from the original offering price. The price increases will be when 25% of each type of unit has sold.

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Will there be any rental restrictions?

All leases will be subject to the approval of the condominium association. Additionally, there may be no more than 1 lease per year, subject to a security deposit held by the association.

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What amount of deposit will be required with the contract?

Five percent (5%) of the Purchase Price will be required as down payment at the time of signature of Purchase Agreement. The deposit will be applied towards the purchase price at closing.

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Will the deposits be held in escrow and by whom?

All deposits will be held in a non-interest bearing account by escrow agent Maria Fernandez Valle, Esq.

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Are reservations and contracts assignable?

No, each person, or entity, who signs a contract will be required to close in the name shown as “Buyer” on the Contract.

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Is financing available?

Yes, financing is available through Wells Fargo, Inc. Loan Officers will be available to assist you in all of your financing needs. Please call Anna Rivas at 305.785.8702 or Arlyn Mendoza at 305.992.6678.

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The developer has the right to revise, change or amend any terms and/or provisions as outlined in these FAQ's prior to entering into a final sales contract.