Below is a list of the 4 price reductions in Hollywood Lakes in the past 30 days listed over $500,000.
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New Mediterranean custom built single-family waterfront home is Island Estates, a private island community in Aventura, Florida. Residences boasts more than 6,700 square feet of luxury, 6 bedrooms, 8.5 bathrooms, convertible loft, elevator, fireplace, gourmet kitchen and wine/wet bar are among the features. Expansive waterfront views, French doors leading to terraces, heated pool/spa and summer kitchen set the scene for casual gatherings. Offered at $5,900,000.
View all active active listings in Island Estates Aventura Florida.
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Boat owners who live in the waterfront communities of South Florida, listen up! Have you ever run aground and called for a tow? Beware of what you may be asked to sign!
There were 2 closed sales this week on the same day in Harbor Islands. The first was my listing located in Grand Harbor Estates 1490 Windjammer Way that closed for $1,370,000. The other was 1016 Sanibel Drive in Harborside for $1,750,000. Sales are picking up in Harbor Islands, year to date there have been 23 closed sales and there are currently 3 pending sales and 2 more about to go pending. Harbor Islands appeals to a broad range of Buyers as price points range from the high 400’s to 5MM. There are approx. 480 homes in the Harbor Islands Community and there are currently a total of 37 homes on the market.
Dry Lot, 5 Bedrooms, 5.5 Baths, 4,674 sq.ft. under air. Sold $1,370,000 (10/15/2009)
1016 Sanibel Drive
Waterfront, 5 Bedrooms, 4.5 Baths, 7,269 sq.ft. under air. Sold $1,750,000 (10/15/2009)
For those of you who might be unfamiliar with Harbor Islands, it is a 192-acre private gated waterfront community in Hollywood Florida composed of eight sub-communities. You can select a home to fit your own personal budget with prices ranging from $450,000 up to $5,000,000. Amenities in the community include a deep water Marina with 196 boat slips that can accommodate boats from 20-120 feet, Joe DiMaggio Park, Tennis and Fitness Center/Spa. One of the unique things about Harbor Islands is that it’s one of the only waterfront gated communities with private streets east of I-95 & US1.
New Listing Featured below is located in “Harbor Pointe” , the newest community in Harbor Islands located next to the Marina with Intracoastal Waterfront Homes as well as Non-Waterfront homes.
Quick Facts:
5 Bedrooms
6.5 Baths
Living Area Sq.ft.: 4,950
3 car garage
List Price: $1,550,000
There are currently 5 Active properties in Harbor Pointe, the featured listing above (non-waterfront) and 4 others on the Intracoastal waterfront. See all the Active Listings in Harbor Pointe. There has been 1 closed sale this year in Harbor Pointe and it was a Bank Owned Foreclosure that sold 2 days ago on September 14, 2009 for $3,200,000 it was a 6BR, 9.5BA 8,519 sq.ft. waterfront home which included the only 100 foot deeded dock at the marina, all the rest of the docks at the marina are only available for lease.
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The Point of Aventura is a waterfront community comprised of five towers and courtyard homes located in the heart of Aventura Florida along the Intracoastal waterway. Amenities include Intracoastal pool, Club and Spa (cardio and weight room), tennis courts, childrens playground, game room, restaurant and salon. Each tower has unique views to offer of the Atlantic Ocean, Intracoastal and City.
Highest and Lowest sale per/sq.ft. in the Past 6 Months
- Highest: Atlantic II Unit #2401 sold for $322 sq.ft. on 8-14-2009 for $850,000 (see unit) 
- Lowest: Atlantic I Unit #704 sold for $197 sq.ft. on 5-26-2009 for $625,000 (see unit)
See all closed sales in the past 6 months
A really great tool for determining the list price for a property is to find out what the current Absorption Rate and Months Supply of Inventory is at the time. It is beneficial in assisting Sellers and Buyers to better understand the market and forecast trends. Absorption rate is the time it takes to sell the current inventory at the present rate of sales, currently the absorption rate for The Point Condos is 3.92 p/month, therefore on average 4 listings are selling every month.
When it comes to Months Supply of Inventory a supply of 6 to 9 months is optimum and anything over 9 months is generally considered a Buyer’s Market. Currently there is 13 months supply of inventory at the Point.
For information on active listings or additional information please contact me anytime.
Hampton’s South is one of Aventura’s Luxury condo buildings. It was built in 2004 and is located along the Intracoastal Waterway overlooking Golden Beach and the Atlantic Ocean. 
Some of the developments amenities include: Intracoastal pool, tennis court pavilion, fitness center, private elevator to each unit and valet service. Hamptons South is located across from the exclusive Fairmont Turnberry Isle Resort & Club, Golf Course, jogging trail and minutes to the Shops of Aventura Mall.
Currently there are 21 Active Listings, below is the Average Price Per Square Foot for Active Listings based on the bedroom count.
What are you in the Market for?
If you are in the market for a 2 Bedroom: Average Price/Sq.Ft. = $150.00
If you are in the market for a 3 Bedroom: Average Price/Sq.Ft. = $379.00
If you are in the market for a 4 Bedroom: Average Price/Sq.Ft. = $375.00
Check out the newest listing in Hamptons South
Quick Facts:
Unit# 2409
3 Bedrooms plus den/media room
3.5 Baths
Over 3,260 sq.ft.
Unobstructed Intracoastal, ocean and golf course views
Highly upgraded
I recently listed a 2-story penthouse in The Villas of Positano, a new oceanfront development in Hollywood Beach Florida with 200′ of pristine beachfront. As soon as I walked into the grand foyer and lobby it was evident this was a luxury development with some of the finest finishes. Some of the amenities include: elevated pool deck overlooking the ocean, exercise facility, concierge service, private garages for all the penthouses, grand foyer entry and lobby, terraces with ocean views, cabanas all within walking distance to the newly renovated Hollywood Boardwalk which underwent a renovation that was completed in 2007. The Promenade offers charming shops, cafes and restaurants.
Villas of Positano is centrally located just a short drive from Aventura, Fort Lauderdale and Bal Harbour and the Fort Lauderdale-Hollywood International Airport.
There are currently 28 single family homes and 16 townhomes on the market in the private gated waterfront community of Harbor Islands.
Breakdown Harbor Islands single family homes
The most expensive single family home in Harbor Islands is actually a foreclosure in Harbor Pointe, the home is currently listed for $4,200,000 and it is a 6 Bedroom, 9.5 Bath waterfront home with over 8,500 sq.ft., it was previously listed for $6,750,00 and was reduced in price last week to the current $4,200,000. The least expensive single family home is a 2 Bedroom, 2 Bath 1,570 sq.ft. home going for $449,000 (dry lot).
Breakdown Harbor Islands Townhomes
The most expensive townhome in Harbor Islands is selling for $910,000 it is a 4 Bedroom, 4 Bath with 3,287 sq.ft.. The least expensive townhome is $499,500, 3 Bedroom, 2 bath and 2,129 sq.ft. (both dry lots)
2009 Harbor Islands single family home sales
There have been a total of 5 closed sales so far this year and there are currently 2 pending sales. The highest sales price so far this year was 1449 Commodore Way in Commodore Estates for $1,520,000 (dry lot) and closed 6-22-2009, a 6 Bedroom, 4.5 Bath, 4,747 sq.ft. home. The lowest sales price so far is $625,000 (dry lot) and closed 1-30-2009, a 4 Bedroom, 3 Bath, 2,659 sq.ft.
How does this compare to last year (2008)?
*At this same time last year there were only 2 single family closed sales
2009 Harbor Islands Townhome sales
There has been a total of 3 townhomes that closed this year.
938 S Harbor View: Sold: $440,000, 3 Bedroom, 2 Bath, 2,749 sq.ft. (dry lot)
989 N. Harbor View: Sold: $530,000, 3 Bedroom, 2.5 Bath, 2,749 sq.ft. (waterfront)
808 E. Spinnaker Drive: $660,000, 3 Bedroom, 3 Bath, 2,648 sq.ft. (dry lot)
How does this compare to last year (2008)?
*At this same time last year there were 4 closed townhome sales
