Everybody on the South Florida real estate market can’t seem to stop talking about Resorts World Miami, a planned development that will feature hotel,  convention, entertainment, restaurant, retail, residential and commercial space.

Back in May, the Genting Group bought about 14 acres of downtown Miami for $236 million.

That price is just a drop in the bucket, however, when you consider that the company is investing  $3 billion for the new development.

Continue reading to learn more about this incredible downtown Miami development – which some say is rapidly becoming one of the top five projects being built in the world.

South Florida Real Estate is About to Get a Major Facelift

The company Genting has big plans for their recently purchased downtown Miami site.  In fact, they hope the development solidify’s Miami’s reputation as one of the leading tourism locales in the world.

What’s more, this project will have a phenomenal impact locally by creating thousands of construction-related jobs as well as permanent jobs.

And recently, Genting announced that Resorts World Miami will be 3 million square feet bigger than originally announced.  That’s nearly 10 million square feet, filled with such amenities as:

• 700,000 square feet of convention and meeting space
• 200,000 square feet of ballroom
• A super-luxury hotel, a contemporary hotel, a family hotel and a conventional hotel – totaling more than 5,200 rooms
• Two residential towers with about 1,000 units
• 250,000 square foot luxury retail center
• More than 50 restaurants
• Lounges, bars and nightclubs
• Possibly even a casino!

According to one recent news article, Resorts World Miami will feature several outdoor terraces as well, including a 1,000-foot-long, 3.6 acre outdoor lagoon on one of the tower’s rooftops.

This project is so amazing, it’s hard to wrap one’s head around it.

But suffice it to say, when complete, this project will not only reshape Miami’s skyline, but the whole South Florida real estate market as well.

South Florida Real Estate Experts

It will still be some time before residents are able to move in to a unit at Resorts World Miami.  If you’d like to learn more information about this amazing development in the interim, however, contact me.

As your South Florida real estate expert, I’d be happy to answer any questions you might have as well as let you know about available listings at some of our other South Florida residential communities, including:

• Hamptons South
• Hidden Bay
• One Island Place
• Peninsula I
• Peninsula II
• Sunny Isles Beach Ocean One
• Sunny Isles Beach Ocean Two
• Sunny Isles Beach Ocean Three
• Sunny Isles Beach Ocean Four
• And others!

Until next time,

Scott

Presidential Estates is one of the south after communities in Aventura real estate market.

This exclusive country club community features 176 stunning homes, all of which were built between 1998 and 2002.

This elite Aventura neighborhood offers many amenities, including:

• 24-hour manned gatehouse for extra privacy and security
• Four tennis courts
• Tennis Club
• Community swimming pool.
• And an 18-hole championship golf course designed by Tommy Fazio

What’s more, this neighborhood is zoned for some of the best public and private schools in the area.

Below is recent date active and sold date for Presidential Estates.

South Florida Homes for Sale in Presidential Estates

Here’s a look at the current market conditions for Presidential Estates on the South Florida real estate market, based on the most recent market data.

• Total Closed Sales in 2011 YTD: 2
• Total number of homes currently active: 17
  
• Total number of homes currently pending: 2
• Highest List Price in 2011: $2,100,000
• Lowest List Price in 2011: $849,000
• Highest Priced Sale in 2011: $1,770,000 (6BR/5.5BA)
• Lowest Priced Sale in 2011: $1,550,000 (6BR/4.5BA)
• Maximum Square Footage on a Home Sold in 2011: 4220
• Minimum Square Footage on a Home Sold in 2011: 4178
• Minimum Days on the Market for active listings: 21
• Maximum Days on the Market for active listings: 1,018
• Minimum Days on the Market for closed sales: 35
• Maximum Days on the Market for closed sales: 87

Now, compare that with the South Florida real estate data for Presidential Estates in 2010:

• Total Sales in 2010: 9
• Highest List Price in 2010: $1,950,000
• Lowest List Price in 2010: 975,000
• Highest Priced Sale in 2010: $1,775,000 (6BR/5.5BA)
• Lowest Priced Sale in 2010: $912,500 (4BR/4BA)
• Maximum Square Footage on a Home Sold in 2010: 5628
• Minimum Square Footage on a Home Sold in 2010: 3651
• Minimum Days on the Market: 30
• Maximum Days on the Market: 328

Until next time,

Scott

Hollywood Lakes is a distinguished single-family home neighborhood located in Hollywood, Florida.

Over the years, this luxury South Florida neighborhood has gained a reputation for its unique eclectic architecture.

Homes in Hollywood Lakes were built starting in 1924, and range from 1,000 to 10,000 square feet.  The Lakes offer’s waterfront properties around Northlake and Southlake but there are also dry lots all in close proximity to the beach and new state of the art amphitheater.

During the first several months of 2011, there has been a lot of activity surrounding Hollywood Lakes homes for sale.

Continue reading to learn more about how Hollywood Lakes homes are faring on the South Florida luxury real estate market.

2011 Sales Data for Hollywood Lakes on the Hollywood, Florida Real Estate Market

Here’s a brief overview of the kind of activity that Hollywood Lakes properties for sale have seen on the South Florida real estate market:

• Total Sales in 2011 YTD: 36
• Highest List Price in 2011: $1,998,000
• Lowest List Price in 2011: 229,900
• Highest Priced Sale in 2011: $1.9 million
• Lowest Priced Sale in 2011: $220,000
• Maximum Square Footage on a Home Sold in 2011: 5503
• Minimum Square Footage on a Home Sold in 2011: 1301
• Minimum Days on the Market: 4
• Maximum Days on the Market: 682

Hollywood, Florida Homes for Sale

In addition, residents are within just a short driving distance of all the high-end shopping and fine dining that Hollywood, Hallandale and Aventura have to offer.

If you’d like to learn more about homes for sale in the Hollywood Lakes subdivision – or any other Hollywood neighborhood – then contact me, Scott Patterson, your South Florida luxury real estate expert, today.

I’ll also  let you know about available listings and answer any questions you might have about surrounding communities, including:

• Aventura real estate
• Bal Harbour real estate
• Davie real estate
• Hallandale real estate
• Golden Beach real estate
• Sunny Isles real estate

Until next time,

Scott