• Reserves & Financials
  • Total reserves stand at $8.35M, mostly invested across JP Morgan and Chase CDs earning around 4%.
  • Legal fees are significantly over budget: $125K vs $50K budgeted, mainly due to lawsuits, contract reviews, and resolving long-standing city fines.
  • YC@P is considering changing financial management firms due to repeated issues with Marquis, including late reporting, reserve misuse, wire errors, unauthorized payments, and delayed budgeting. Outsourcing financial management is being seriously evaluated.
• Major Building Projects & Timeline
  • Elevator modernization: new bids under review; installation planned to begin after New Year 2026.
  • Sloped roofs: urgent replacement approved; contractor Best Roofing; estimated $340K, fully funded by reserves. Work expected Jan–Feb 2026.
  • Cooling towers: after a failure in Aug 2025, both towers will be replaced between Mar–Apr 2026. Funded by special assessment ($1.3M); any overage covered by reserves.
  • Flat roof: postponed to prevent damage from other projects; now scheduled for Apr–Jun 2026. A contractor change may result in a refund to YC@P.
• Other Improvements
  • A 60kW fast EV charger is being installed near the existing slow chargers; delayed delivery but expected to be operational soon.
  • Hallway repainting and new carpets (similar to original design for regulatory compliance) will be completed before the holidays.
  • Discussions about changing the management company took place in 2025, but no decision has been finalized; proposals are still being evaluated

The post November 2025 Updates appeared first on Yacht Club at Portofino.

Hi everyone,

I am happy to share that Elevator Cab #3 is officially back in service after passing inspection from the City of Miami Beach! I tried it yesterday. It looks the same except the buttons which are digital now. But the esthetics is the same. They are going to improve the esthetics at a later time. The modernization work, which started way back in July 2024, is finally complete—319 days later. That’s a lot longer than the 19 weeks originally promised, but it’s up and running just in time for Memorial Day weekend.

After several days of independent testing, both TKE and our consultant, Clarkson & Varick, gave the green light to get things moving again. I’m hopeful the elevator runs smoothly through the holiday—and TKE has committed to fixing any issues promptly (which, frankly, hasn’t always been the case).

That said, I know this has been frustrating for all of us living here. TKE has missed deadlines, worked fewer hours than required, and the contract didn’t include strong enough penalties for delays. So, on May 19, the Board sent them a formal “cure notice” to address these breaches. We’re also exploring other vendors who may be better equipped to finish what’s left (the 3 other elevators)

I”ll keep you updated as the board evaluates their next steps.

The post Elevator updates appeared first on Yacht Club at Portofino.

Marina Elevator Back in Action at the Portofino Yacht Club
We’re happy to let you know that the marina elevator renovation is officially complete and it’s now fully operational. Thank you for your patience during the upgrade!

Upcoming Board of Directors Meeting
The Board of Directors will be meeting the first week of May. We’ll be sending out the exact date, time, and agenda shortly, so please stay tuned for more details.

Grievance Committee – One Spot Left!
We’re still looking for one more volunteer to join our Grievance Committee of the yacht Club at Portofino. If you’re interested in helping support fair and constructive communication within our community, we’d love to hear from you! Reach out to the management office to get involved.

New Finance Committee – Volunteers Wanted
A brand-new Finance Committee and are currently looking for three residents to help get it off the ground. If you have experience in finance—or simply a strong interest—we invite you to join this important initiative that will contribute to the long-term financial health of our community. Contact the management office to express your interest.

Easter Egg Hunt This Sunday!
Don’t forget—our beloved Easter Egg Hunt is happening this Sunday, April 20th from 11:00 AM to 12:00 PM at the Pool Deck (North Gazebo) of the Yacht Club at Portofino. Bring the family and come enjoy some festive fun in the sun!

The post Easter Sunday Egg hunt appeared first on Yacht Club at Portofino.

Just wanted to share a quick and friendly update to keep everyone in the loop about a few things happening around the Yacht Club at Portofino — especially with pool rules, parking reminders, and some exciting changes in management and internet service!

Meet Our New Management Team
We’ve got new faces in the office! Craig is our new building manager, and Marlon has joined as the assistant manager. Both are super approachable and eager to help, so feel free to stop by and say hi if you haven’t already!

Google Fiber is Coming!
Big news — we’re switching from Breezeline to Google Fiber for our TV and internet service! To stay connected, make sure to book your appointment with Google Fiber to get your new router installed. Each unit needs to do this individually, so don’t wait too long! Don’t forget we won’t have the regular cable any longer so if you watch TV then you’ll have to pay for your own cable company.

Poolside Etiquette Reminders

• Pool and Jacuzzi are for residents and their guests (when you’re with them).
• Proper swimwear, please!
• No glass or anything breakable by the pool.
• Kids under 15 need adult supervision, and little ones must wear swim diapers if not potty-trained.

Parking Garage Basics

• One self-parking space and one valet space per unit (as available).
• Vehicles need to be registered with the office and have valid tags.
• Stick to your assigned spot and keep it under 5 mph in the garage!
• Reminder: any vehicle parked incorrectly can be towed.

Parking Compliance Deadline: April 18, 2025
If your vehicle isn’t registered or is violating parking rules, please fix it before this date to avoid towing.

Thanks for helping keep our building running smoothly!

The post New management team and new internet provider appeared first on Yacht Club at Portofino.

For your information, please be advised that the 2nd-floor pedestrian access to the garage will be temporarily closed for essential upgrades.

During this period, residents are kindly requested to use the 3rd-floor doors for access to the garage. There is no set timeline for the completion of these upgrades, but feel free to reach out to the management office if you have questions or concerns. The building is undertaking these improvements to enhance its facilities, and your cooperation is greatly appreciated.

The City of Miami Beach will begin sidewalk reconstruction on the south side of the building tomorrow, Thursday, March 13th. The project is expected to take about a week, with work continuing through the weekend to speed up the process.

During this time, access to the south side sidewalk will be restricted. While this may cause some inconvenience, the community appreciates your patience as these improvements are made.

Efforts will be made to minimize noise and disruption. For any concerns or questions, feel free to reach out to the management office.

The post Important Notice: Temporary Closure of Garage & Sidewalk appeared first on Yacht Club at Portofino.

Just a heads-up that the Board of Directors is having a meeting on February 26, 2025, at 7:00 PM. They’ll be discussing some important things that affect all of us and you’ll get to meet the 5 new board members, so here’s a quick rundown of what’s on the agenda:

What’s Being Discussed?

• Getting Things Fixed & Updated: They’ll be talking about contracts for things like fixing the elevator, getting better internet for the building (replacing Breezeline), hiring a new lawyer, and adding more electric car chargers (Blink Chargers). They’re also looking into testing the pool deck and fixing the roof.
• Making the Pool Area Better: The Board will decide if they should buy new furniture for the pool deck.
• Improving the Rec Room: They’re planning to make the Rec Room nicer with new AC, lights, ceilings, paint, security cameras, and door fobs. They’ll also discuss getting a ping pong and pool table!
• Keeping Us Safe: Security is a priority! They’ll be talking about different ways to control who comes in and out of the building, including facial recognition and phone access.
• Money Matters: The Board will discuss hiring a company to check the building’s finances (an audit).
• Reminders & Updates: They’ll give us a reminder about the building’s rules and guest policy. We’ll also get an update on the Deli.

Why Should You Care?

This meeting covers things that directly impact your living experience at the Yacht Club. Whether it’s the convenience of better internet, the comfort of an updated Rec Room, or the peace of mind that comes with improved security, these decisions affect us all.

Want to Know More?

This is just a quick summary. If you’re interested in the details, you can probably get a copy of the full agenda from the building management.

Stay Informed!

It’s always good to know what’s happening in our community. Hopefully, this helps you stay in the loop!

The post Important Board Meeting – February 26, 2025 appeared first on Yacht Club at Portofino.

Wishing you, your family, and friends a joyful holiday season! If you enjoy hosting loved ones during this special time of year and are in search of a new home, we’ve curated a selection of five stunning condominium units for sale in the building, each offering unique features to match your needs and lifestyle.

• 1408

This beautifully remodeled 1-bedroom, 1-bathroom condo offers breathtaking direct views of the bay and sunsets. The updated interior features a sleek, modern kitchen and bathroom, providing a perfect blend of style and comfort.

• 2206

This 1-bedroom, 1-bathroom unit is flooded with natural light, offering spectacular bay views. The spacious balcony is perfect for relaxing and enjoying the scenery.

• 1103

This elegant 2-bedroom, 2-bathroom condo offers 1,080 sq. ft. of living space with porcelain tile flooring, a modern kitchen, brand-new stainless-steel appliances, and pristine, never-lived-in interiors. It’s a perfect choice for first-time buyers or those seeking a convenient second home.

• 802

Beautiful 2-bedroom, 2-bathroom corner unit with newly renovated kitchen and bathrooms and wrap-around balcony that provides an ideal space for entertaining while enjoying the stunning waterfront vistas.

• 2505

Located on the 25th floor, this remodeled 1-bedroom, 1-bath condo offers stunning ocean views, modern finishes, and abundant natural light. Ideal for both investment and vacation purposes.

• 2911

This beautiful corner 2-bedroom, 2-bathroom condo features two spacious balconies with unobstructed views of both the Ocean and Bay, providing a serene living experience.

Each of these condos offers the ideal blend of elegance, convenience, and tranquility. Don’t miss out on your opportunity to own a piece of waterfront paradise.

Contact us today to schedule a private tour and take the first step toward your new home at the Yacht Club!

The post Exclusive Condos for Sale at the Yacht Club appeared first on Yacht Club at Portofino.

For your information, the north side entrance will be closed for maintenance until Friday, October 25th, from 9 AM to 5 PM. Colores Electrostatic Painting will be sandblasting and painting the gate to improve its durability and appearance. During this time, you need to use the south side entrance, YCP employees are available to help if needed.

• Residents with RFID access can enter by heading south to the valet ramp, where the gate will open automatically.
• To exit, it is recommended to use the valet ramp on the south side, where a staff member will be there to verify your unit number and vehicle before opening the gate.

Valet service is available for residents, guests, and visitors. The entry procedures remain the same, if you’d prefer a quicker pickup, you can use the VIP Parker app to call your car, as wait times for valet service may be slightly longer. Vehicles will be brought down to the south end gate and can be retrieved at the Deli.

The post Important Announcement: Temporary Closure of North Side Entrance appeared first on Yacht Club at Portofino.

Concerning the future convenience store, the grand opening was schedule for the end of February but has been postponed for the end of March, early April. In the near future, residents will enjoy the convenience of accessing their essential items, as well as a range of food and beverage choices for lunch or dinner. This will also be advantageous for contractors who can conveniently grab a meal during their work in the building.

Recently the building has been several upgrades, the most major is the new lobby double doors to access the receiving area. The fob is not needed anymore to access the receiving area if residents are coming from inside the building. In order to reenter, the residents will need fobs for security reason. The maintenance team have recently proceeded to the painting of the doors that lead to the garage next to the elevator. Those two improvements will enhance the overall quality of the building.

Concerning event, the building is having an eggs hunt for young kids and olde kids. This event will take place on the pool deck area on the 30th of March from 6pm to 8pm. It is the good moment to meet your neighbors for the old one and a fun moment for the young ones.

Lastly, the real estate market at Yacht Club Portofino is good.  Only 6 condos and 1 townhouse are available for sale and prices are higher than ever. The newest townhouse for the market has been listed for $12,000,000 and is facing Alton Road.  Concerning condos, the most recent 1-bedroom condo for sale is the unit #607 for $750,000 which is a condo facing the city. For condo facing the bay, the only two available are 2 bedrooms and it is #2503 for $1,349,000 and #704 for $1,399,000.  Click here to see all the condos available for sale.

Feel free to stop at the real estate office next to the lobby to discuss about the market with Daniela and her team.

The post Building upgrades appeared first on Yacht Club at Portofino.

The management office of the building is relocating to the ground floor of the building. Their future office space is currently under work and the management team will be able to relocate once the workers have finished the job. The management office will be next to the future convenience store, real estate office and the lobby.

Speaking of the future convenience store, the grand opening is schedule for the month of March. Residents will soon have access to all their essential items and a selection of food and beverages for lunch/ dinner. This will also benefit contractors to grab food between their work in the building.

The ATM machine of the building, located on the ground floor next to the future convenience store is fully operational, the new person who is going to oversee the ATM machine is the new tenant of the deli shop.

Concerning event, the building is hosting a Valentines Grab and Go breakfast on Wednesday the 14th of February from 6:45AM to 8:00AM in the lobby of the Yacht Club Portofino. A variety of sweet treats will be served, a good way to start your day especially on a valentine’s days!

Finally, the real estate market at Yacht Club Portofino is good.  Only 6 condos are available for sales and prices are higher than ever. For 1 bedroom, the less expensive one is on the 3d floor at $750,000 and for 2 bedrooms, the less expensive one is listed at $1,225,000.  Recently a 2-bedroom corner unit #902 sold at the full price in 2 days, and it was listed and sold at $1,540,000. To give you an idea of the prices, the highest sale of the building was a corner unit #1412 at $1,540,000 in October 2023. The condo #1412 was totally remodeled and on a highest floor than #902 which gives you an idea of the current market prices. Feel free to stop at the real estate office next to the lobby to discuss about the market with Daniela and her team.

The post Valentine’s day event appeared first on Yacht Club at Portofino.