Condemned Pembroke Pines Condo Heads to Auction This Fall

Heron Pond’s 304 units are set to be sold as one. Here’s what that really means.

Author

Mike Ugarte
July 25, 2025 • Estimated Reading Time: 3 minutes

Community Unraveled

Heron Pond, a 304-unit community just off University Drive, was condemned last year and evacuated after major structural failures.

Now it’s heading to auction, all of it.

Every unit, every building, every acre, sold off in one shot this September.

Estimated price tag? Around $25 million.

Here's why that matters for every homeowner, investor, and condo board in the city.

Read the article here:
👉 Read the Yahoo!News article here

Courtesy of Avison Young

From Evacuation to Auction Block

  • Built in the 1980s and converted to condos in the early 2000s, Heron Pond suffered years of deferred maintenance with termite damage, rotting beams, balconies held up by makeshift supports.

  • After a safety inspection in 2023, all 304 units were deemed unsafe and residents were forced out.

  • This September, the entire 25 acre complex will be sold in a single auction to developers or investors. The legal structure has been dissolved, so the buyer gets clean title to the whole site.

  • Important for owners: The sale proceeds, likely around $25 million, will be divided among the former unit owners, based on each unit’s share. It won’t be a windfall, but it’s something.

Takeaway: Let Me Break This Down for You

Yes, Florida just passed a law giving condo owners some breathing room with more time to fund reserves and more options to avoid special assessments.

And for many buildings, that's a huge relief.

But here’s the catch:

The problems don’t go away. They just get pushed down the road.

And if boards kick the can too long, you end up like Heron Pond; evacuated, terminated, and sold off for parts.

So if you’re in a condo, or thinking of buying into one, you’ve got homework:

  • Read the reserve studies

  • Ask if your building has its structural milestone reports

  • Look at when your next recertification is due

Because whether it’s this year or three years from now, those repairs are still coming.

The smart money?

It’s on buildings that are dealing with the hard stuff now, not dodging it.

Want the full story?
👉 Read the full Yahoo!News article here