clock menu more-arrow no yes mobile

Filed under:

This Downtown Condo's HOA Dues Might Cost More Than Your Rent

New, 2 comments


In this Detroit listing, it reads, "At The Residences at The Westin Book Cadillac, the quality of your lifestyle depends upon you." But really living in one of these residences is less dependent on you and more dependent on how much cash you're willing to spend — or even have.

While the median price for a home in the Detroit metro is $151,500, this condo is asking $725,000. While that might be doable for some homebuyers, it's worth noting that the monthly HOA dues come to $1,789 despite most condos in the area having HOA dues priced somewhere between $345 and $785.

What makes this space so pricey? On the development's website, some of the amenities listed include a fitness center, heated indoor pool, and gated entry system. Other services that the Westin offers include 24-hour security, housekeeping service, and in-room dining. This unit comes with three bedrooms and two-and-a-half bathrooms across 2,625 square feet of space. It also features a private elevator.

In the same development, another unit is on the market, nearly 1,000 square feet larger and $225,000 more expensive. The HOA dues are even pricier, coming to $2,114 per month.

If interested in giving this listing a shot, it's being sold as is.

1135 Shelby St #2901 [Redfin]