2024 Hilton Grand Vacations Maintenance Fees

[JimS]

Plantation Beach Club at IRP 2 BR Gold Flex Week (could be 8000 pts depending upon week reserved but I bought week to use)
2024 Operating Fee - 1,463.92
2024 Reserve Fee - 247.48
2024 Real EstateTaxes - 58.03
Total:$1,769.43

Last year total:1,535.58

Moderator added: Increase of $233.85 (15.23%)

 

[dayooper]

Plantation Beach Club at IRP 2 BR Gold Flex Week (could be 8000 pts depending upon week reserved but I bought week to use)
2024 Operating Fee - 1,463.92
2024 Reserve Fee - 247.48
2024 Real EstateTaxes - 58.03
Total:$1,769.43

Last year total:1,535.58

That's an increase of $233.85 (15.2%)!!!!!

 

[CalGalTraveler]

We've now seen Miami (12.23%) and a Gulf (15.2%) with significant % increases. Seaworld/Orlando around 8.82% for a 2 bdrm so far.

Perhaps this is due to new 2024 Florida Legislation to fully fund reserves caused by the condo collapse tragedy, and recent hurricanes with higher insurance premiums. MVC owners in Florida are also seeing increases and there is a thread about it.

Grande Vista 2024 fee proposed to increase over $1000! What is going on?

I just got an email from the MGV Board with an attached budget showing that they plan to increase the maintenance fee from $1681 to $2,818 in 2024 (so 67%) in order to build up the reserve. This is egregious. Can they do this? Is this a 1 time assessment or new ongoing fee?

tugbbs.com

 

[dayooper]

We've now seen Miami (12.23%) and a Gulf (15.2%) with significant % increases. Seaworld/Orlando around 8.82% for a 2 bdrm so far.

Perhaps this is due to new 2024 Florida Legislation to fully fund reserves caused by the condo collapse tragedy, and recent hurricanes with higher insurance premiums. MVC owners in Florida are also seeing increases and there is a thread about it.

Grande Vista 2024 fee proposed to increase over $1000! What is going on?

I just got an email from the MGV Board with an attached budget showing that they plan to increase the maintenance fee from $1681 to $2,818 in 2024 (so 67%) in order to build up the reserve. This is egregious. Can they do this? Is this a 1 time assessment or new ongoing fee?

tugbbs.com

I don’t think 8.2% is out of the norm right now. My Boulevard is only 1.3% lower (6.9%) than Sea World. The 2 affiliates reported so far are huge increases to already high MF’s. The MVC increases are even higher and that affects the trust point deed as well, correct?

 

[CalGalTraveler]

I don’t think 8.2% is out of the norm right now. My Boulevard is only 1.3% lower (6.9%) than Sea World. The 2 affiliates reported so far are huge increases to already high MF’s. The MVC increases are even higher and that affects the trust point deed as well, correct?

Perhaps it only affects coastal for HGVC. This thread was not about trust but about deed MF at Grande Vista in Orlando increasing by $1000.

 

[FilthyForever]

Anderson Ocean Club Studio

2024 Operating Fee	$601.17
2024 Real Estate Taxes	$40.83
2024 Reserve Fee	$86.84
2024 TOTAL	$728.84

2023 total was $691.64 so 2024 saw a +5.38% increase

 

[phil1ben]

We've now seen Miami (12.23%) and a Gulf (15.2%) with significant % increases. Seaworld/Orlando around 8.82% for a 2 bdrm so far.

Perhaps this is due to new 2024 Florida Legislation to fully fund reserves caused by the condo collapse tragedy, and recent hurricanes with higher insurance premiums. MVC owners in Florida are also seeing increases and there is a thread about it.

Grande Vista 2024 fee proposed to increase over $1000! What is going on?

I just got an email from the MGV Board with an attached budget showing that they plan to increase the maintenance fee from $1681 to $2,818 in 2024 (so 67%) in order to build up the reserve. This is egregious. Can they do this? Is this a 1 time assessment or new ongoing fee?

tugbbs.com

In SoBe my Reserve Fee only went up 6.4%. It was the Operating Fee that went up 16%. I suspect some of this is attributable to increased insurance premiums. Waiting to hear from someone on the Board why the increase was so substantial.

 

[GMan82]

Elara 2BD platinum 13,440 points.

2024 Operating Fee: $996.82
2024 Real Estate Taxes: $68.41
2024 Reserve Fee: $243.85

Total: $1309.08

2023: $1268, so an increase of $41.08 or 3.23%

 

[Snezz1e]

Elara 1BD Grand Platinum 11,200 points.

2024 Operating Fee $765.61
2024 Reserve Fee $172.54
2024 Real Estate Tax $41.22

Total Fee $979.37

That’s a $35.36 (3.75%) increase over last year’s MF’s ($944.01).

Elara Studio/Plus Platinum 3520/5600 points.

2024 Operating Fee $593.13
2024 Reserve Fee $119.35
2024 Real Estate Tax $20.93

Total Fee $733.41

That’s a $31.17 (4.44%) increase over last year’s MF’s ($702.24).

 

[sensui]

1 BDR Platinum Season (11,200 pts) Elara HGVC, $209 Club Dues and here's the breakdown for HOA:

�

DESCRIPTION	DEBIT	CREDIT	BALANCE
2024 OPERATING FEE	$765.61	$0.00	$765.61
2024 REAL ESTATE TAXES	$41.22	$0.00	$41.22
2024 RESERVE FEE	$172.54	$0.00	$172.54
ACCOUNT BALANCE	$979.37

Just confirming from the previous poster.

 

[raddoc]

Elara 1 Bedroom Grand Plus (12480 points)

2024 Operating Fee $765.61
2024 Real Estate Taxes $41.22
2024 Reserve Fee $172.54
Total: $979.37

As expected, it's the same as the 1 Bedroom Grand (11,200 points)

 

[HuskerATL]

Tuscany Village 2 Bedroom Gold (8,000 pts)

2024 Operating Fee $1,026.27
2024 Real Estate Taxes $153.40
2024 Reserve Fee $306.22
Total: $1,485.49

Increase of $124.41 (9.11%)

 

[quhines]

Tuscany Village 2 Bedroom Platinum (11,200 pts)

2024 OPERATING FEE	$1,026.27
2024 REAL ESTATE TAXES	$236.26
2024 RESERVE FEE	$306.22

Total: $1568.75

Was $1,440.40 last year. Increase of $128.35 or 8.91% increase.

 

[tourproto]

HGVC at The Flamingo 2 Bedroom 5600/8000/11200 points


2023 Operating Fee $826.06
2023 Reserve Fee $375.54
2023 Real Estate Tax $53.47

Total Fee $1255.07

That’s a $65.89 (5.54%) increase over last year’s MF’s ($1189.18).

These numbers are correct, but I think you meant for the 2024 year, not 2023.

 

[GT75]

Ocean Enclave 1 Bedroom Premier 13440 Points (Platinum)

Elara 1BD Grand Platinum 11,200 points.

Elara Studio/Plus Platinum 3520/5600 points.

Should these be all 2024 instead of 2023?

 

[Snezz1e]

Should these be all 2024 instead of 2023?

Yes, all should be 2024. Don't see option to edit my post.

 

[GT75]

Don't see option to edit my post.

No worries. I will edit them for you. I think that edit is only available for 48 hrs.

 

[SkyBornDancer]

Grand Waikikian 1B Premier Platinum 20160 points
2024 total = $1,681.79 (0.083 per point)
HAWAII GE TAX $68.23
OPERATING FEE $1,205.10
RESERVE FEE $243.01
REAL ESTATE TAXES $165.45
(7.79% increase over 2023 @ $1559.52)

 

[WIHuck]

Tuscany Village, a Hilton Grand Vacations Club
2BR 8,000 Points Gold

2024 OPERATING FEE $1,026.27
2024 REAL ESTATE TAXES $153.40
2024 RESERVE FEE $306.22
Total $1,485.89

 

[WIHuck]

Anderson Ocean Club, a Hilton Grand Vacations Club
3BP 15,360 Points Platinum

2024 OPERATING FEE $1,270.00
2024 REAL ESTATE TAXES $121.55
2024 RESERVE FEE $258.51
Total $1,650.06

Moderator added:
Increase of $75.14 (4.77%) from 2023 ($1574.92)

 

[echino]

Lagoon Tower 2br

2024 HAWAII GE TAX $91.39
2024 OPERATING FEE $1,557.50
2024 REAL ESTATE TAXES $213.99
2024 RESERVE FEE $382.06

2024 Total Amount Due $2,244.94 +6.62%
2023 Total Amount Due $2,105.58

 

[MNScott]

Las Palmeras, 1BR Gold, 5440 Points.

2024 Operating: $839.08
2024 Reserve: $214.68
2024 Taxes: $138.20
2024 Total: $1,191.96

2023 Total may have been $1,135.94 (5%, $56.02 increase).

 

[REDDOG24]

Maui Bay Villas (3BR Penthouse Premium) - 46,000 HGVC points
2024 Operating Fee $3,234.43
2024 Reserve Fee $374.98
2024 Real Estate Taxes $901.10
2024 Hawaii GE Tax $170.08
Total $4,680.59
Increase of $231.72 or 5.21% from 2023


Elara by Hilton Club (Quad Studio Premier) - 14,880 HC points
2024 Operating Fee - $826.02
2024 Reserve Fee - $109.14
2024 Real Estate Taxes - $18.53
Total - $953.69
Increase of $28.92 or 3.13% from 2023

 

[Jeff Kenyon]

Anderson Ocean Club - Studio
2024 Operating Fee $601.17
2024 Reserve Fee $86.84
2024 Real Estate Tax $40.83
Total 2024 MF: $728.84
Total 2023 MF: $691.64
Increase of $37.20 (5.38%)

Anderson Ocean Club - 1BR
2024 Operating Fee $741.07
2024 Reserve Fee $122.75
2024 Real Estate Tax $57.72
Total 2024 MF: $921.54
Total 2023 MF: $876.40
Increase of $45.14 (5.15%)

Anderson Ocean Club - 2BR
2024 Operating Fee $1,101.55
2024 Reserve Fee $215.27
2024 Real Estate Tax $101.22
Total 2024 MF: $1418.04
Total 2023 MF: $1,352.45
Increase of $65.59 (4.9%)

Anderson Ocean Club - 3BR
2024 Operating Fee $1,270.00
2024 Reserve Fee $258.51
2024 Real Estate Tax $121.55
Total 2024 MF: $1,650.06
Total 2023 MF: $1,574.92
Increase of $75.14 (4.77%)

 

[Rfm6128]

We've now seen Miami (12.23%) and a Gulf (15.2%) with significant % increases. Seaworld/Orlando around 8.82% for a 2 bdrm so far.

Perhaps this is due to new 2024 Florida Legislation to fully fund reserves caused by the condo collapse tragedy, and recent hurricanes with higher insurance premiums. MVC owners in Florida are also seeing increases and there is a thread about it.

Grande Vista 2024 fee proposed to increase over $1000! What is going on?

I just got an email from the MGV Board with an attached budget showing that they plan to increase the maintenance fee from $1681 to $2,818 in 2024 (so 67%) in order to build up the reserve. This is egregious. Can they do this? Is this a 1 time assessment or new ongoing fee?

tugbbs.com

May be also due to many major insurance carriers pulling out of FL and other East Coast states due to hurricane / weather. Insurance costs have skyrocketed for Homeowners / Condominium insurance.