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At nearly 60 years old, Sterling Village has been through six decades of Florida weather, salt air, and structural aging. The buildings predate modern hurricane building codes. SB 4-D milestone inspections are required, and the results determine the financial trajectory of the association. A building that passes with minor findings is stable. A building with significant structural concerns faces potentially large special assessments.
Due Diligence Checklist
Before making an offer: milestone inspection report (required by law), structural integrity reserve study, current reserve fund balance and percentage funded, any pending or recently passed special assessments, and the last two years of association meeting minutes. At this building age, skipping any of these documents is a mistake.
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Why Buyers Still Consider It
Location. Sterling Village sits in Boynton Beach with easy access to I-95, the Florida Turnpike, and the coast. The purchase prices ($100K–$200K) are among the lowest in the area. For cash buyers who have done the reserve fund diligence and are comfortable with the building age, the math can work. But only with eyes open.
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