Monthly maintenance fees on a condo are calculated based on the square footage of the livable area or area “under A/C,” meaning under the air conditioning. Never use the terrace space to calculate square footage. Also, the maintenance fees do not change as you move to a higher floor. It is purely based on a set price per square foot. For instance, if you have a condo on the 7th floor and a condo on the 57th floor of the same building, the maintenance fee per square foot will be the same on both condos. The average price per square foot for a Miami condo is $0.85 psf as of 2022. This usually includes all building amenities such as common areas (manager, pool & landscaping), water, sewer, garbage, cable, and internet. Rarely does it cover your electricity (electricity via FPL.com). Use caution when purchasing a 2-story loft-style condo, as developers may count the “air space” above the living room in their floor plan when quoting the square footage of the living area.