Park Place V (The Elm) is one of six eight-story towers in the Park Place condominium complex, an age-restricted 55-and-over community built in 1975 on 37 acres adjacent to Pembroke Lakes Golf Course in Pembroke Pines. The tower holds 172 units, part of the roughly 1,028-unit complex spanning six similarly named buildings along Saint Charles Place. Units range from studio-style one-bedrooms near 740 square feet to larger two- and three-bedroom layouts over 1,800 square feet, with recent sale prices across the complex spanning roughly $92,000 to $288,000. The community is gated with 24-hour security and centers on a shared clubhouse, four pools, and tennis courts used by residents of all six towers.
This building is in our statewide file. When you order, we run a fresh scan across 14 risk categories — inspections, assessments, structural condition, litigation, insurance and more. Your report shows what public records revealed, and just as important, what they couldn't — so you know exactly what to verify before you make an offer. Delivered within 24 hours.
Get the full Intelligence Report — $9.99Publicly reported association fees at Park Place V (The Elm) are approximately $600-$900/mo, covering ground maintenance, building insurance, cable, internet, water, trash, common areas, pools, recreation facilities, reserve fund, roof, sewer, security. Buyers should verify the current fee schedule for the specific unit with the association.
Recent listings at Park Place V (The Elm) range around $92,000-$288,000, with about 47 units actively for sale as of the last research date.
Publicly reported pet policy: Allowed, subject to size and breed restrictions. Confirm current rules with the association before purchasing.
Park Place V (The Elm) was built in approximately 1975 and rises 8 floors with 172 units.
Florida condominiums of this age are subject to milestone inspection and structural reserve requirements. Our Intelligence Report covers what official city and county records show for this building, and what remains for a buyer to verify with the association.
When you buy into a condo building that's 15 or more years old — anywhere in the US — you should expect by default that an assessment, or several, is in effect or on the way: roof repairs, elevator replacement, repaving, facade work. Buildings age on a schedule, and the bill lands on the owners: often hundreds of dollars a month on top of your mortgage, HOA fee, taxes, and insurance. The unit listing rarely mentions any of it.
In Florida, the stakes for older buildings are higher still. Since the 2021 Surfside tragedy, state law requires milestone structural inspections at 30 years (25 in some coastal areas), Structural Integrity Reserve Studies, and — critically — bars associations from waiving reserve funding for structural components, ending decades of artificially low fees. Add the state's insurance surge, and many older buildings carry obligations that never appear in a listing. None of this makes an older building a bad purchase — but the difference between a well-run 1970s tower and a struggling one can be tens of thousands of dollars per unit. That's the question our building intelligence answers.
Nearby in Pembroke Pines: Hollybrook Golf & Tennis Club · Park Place I (The Arbor) · Park Place II (The Banyan) · Park Place III (The Cypress) · Park Place IV (The Dogwood) · All Pembroke Pines condos