Coral Gables · STR/Rental
How do preconstruction condo deposits work in Coral Gables?
Typical structure: 20% at contract, stepping to ~50% by top-off, balance at closing — committed YEARS before any lender reviews the finished building. Florida escrow law protects the first 10% fully; amounts above 10% can be used for construction. Know the schedule and the escrow terms before signing anything in Coral Gables.
Sources & as-of
Read from HUD’s condominium list, the VA condominium report, FL DBPR filings and county registry and building records, compiled 2026-08-08. Figures describe what was on file that day; a missing filing is recorded as unconfirmed rather than as a finding, and conventional (Fannie/Freddie) standing is not publishable in either direction.
Not legal or financial advice · Not affiliated with any government agency