This is one of my newest listings in Hollywood Lakes on Northlake. This Mid-Modern home is impeccable and was built in 2008 with the finest of finishes and attention to detail. The home is located on a point corner lot with 164 feet of waterfrontage. The views are one of the best in the Lakes and one of very few Mid-Modern homes in the area.
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!
This week Washington Mutual placed 1007 S. Northlake Drive in Hollywood Lakes on the market for a staggering low price of $445,500. I sold this property for $2,150,000 in June of 2005 (the peak of the market). Most of the properties value is in it’s premier lot size 100′ x 234′ (half acre) on the water and at this price it’s a definite give away, the only drawback is the home more than likely cannot be torn down since it has historic value to the neighborhood and is located in a Historic Preservation area. The property had over $60,000 dollars of code violations from the previous owner due to commencing work without permits.
My client placed a $500,000 cash offer (50K over asking price), when I called the agent they stated they had multiple offers on the table, which is often the case with Bank Owned properties and that they would be making a decision within the next 48 hours, my clients offer was eventually rejected as a higher offer was accepted but whoever won the bid got an incredible deal.
Hollywood Lakes is an eclectic neighborhood just minutes from Hollywood Beach that is comprised of two lakes “Northlake and Southlake”, they are connected to the Intracoastal Waterway with unsurpassed views from either lake.
On April 30th the City of Hollywood Florida commenced the long awaited Hollywood Boulevard Improvement Project. The project will take nearly a year to complete and it’s main objective is to construct a median that will prevent direct crossing from north to south along the Hollywood Boulevard which has caused numerous accidents over the years. The landscaped median will be 19 feet wide and will span from the Intracoastal Bridge (recently renovated as well) to Downtown Hollywood, the project will also focus on improved drainage. The Hollywood Lakes community will definitely benefit from the project which in addition to preventing direct crossing along Hollywood Blvd. will also add to the neighborhoods aesthetic appeal.
I went down to Hollywood Blvd. to capture the work in progress!
Please join me as I will be holding a Broker’s Open (Lunch Served) tomorrow Wednesday May 6, 2009 from 12:00pm to 2:00pm at 619 Palm Drive Hallandale Florida 33009. It is a Broker’s Open but anyone that would like to preview this home directly on the Intracoastal Waterway in Golden Isles Hallandale Florida is welcome to come. The home is a 5 bedroom, 4.5 bath home on a 100′ x 150′ lot listed for $1,750,000. Great opportunity for anyone who would like more information about this property and/or the Golden Isles Waterfront community.
Quick Facts
Bedrooms: 5
Baths: 4.5
Year Built: 1997
Garage: 2
Living Area sq.ft.: 4,473
Total Area sq.ft.: 5,085
Dock: 60′ deeded dock and 13,000lb boatlift
Last week 619 Palm Drive in Golden Isles came on the market. Golden Isles is a gated waterfront community directly on the border of Miami Dade and Broward County. The home rests right on the Intracoastal Waterway with beautiful views and vibe of boats cruising along the Intracoastal. The two-story home was built in 1997 and has 5 Bedrooms, 4.5 Baths with over 5,000 sq.ft. The tropical paradise is approximately 15,000 sq. ft (100′ x 150′) with a custom pool and 60′ dock which includes a 13,000lb boat lift. Palm Drive is the only street in Golden Isles that is directly on the Intracoastal, the other streets are on canals but all of Golden Isles is on deep water and wide canals which is good for boat owners looking to protect their vessels.
Golden Isles is close to Hallandale Beach and the new Gulstream Park Racing and Casino that will include a movie theater, restaurants and shops.
Last week my listing 443 Alamanda Drive located in the gated Golden Isles Waterfront Community went under contract. It sold for $995,000 and is a 4 Bedroom, 3.5 Bath and over 3,300 sq.ft. 1969 waterfront home. The buyer was an international buyer from Romania.
Porto-Vita is an exclusive community located on the Intracoastal waterway and across from The Fairmont Turnberry Isle Resort & Club in Aventura Florida and is considered one of the elite (higher end) developments in South Florida. Porto-Vita offers two condo towers, mid-rise condos, as well as townhomes directly on the Intracoastal waterway. Porto Vita is a Lifestyle with the most ultimate amenities including The Villa Grande Club and a 21 slip private marina. Location is everything, between both infrastructures of Miami-Dade and Fort Lauderdale Florida and minutes from shopping at “The Aventura Mall”, “The Shops of Bal Harbour” and South Beach.
Current Market Data:
Active Condo Listings: 21 (List Price Range from $1,149,000 to $6,000,000)
Active Townhome Listings: 1 (List Price $2,495,000)
There have been 3 closed sales in the past 12 months at Porto-Vita and the highest price was a condo which sold for $3,600,000 in January 2008.
The regulation (Fla. Stat. §718.111 (2008)), effective January 1, 2009, will require Florida condominium owners and their insurers to specifically name their condominium association as an additional named insured. In addition, the minimum amount of loss assessment coverage carriers must provide has been increased from $1,000 to $2,000.
Some of the major implications on South Florida condominium ownership include:
Condominium associations may require each unit owner to provide evidence of a hazard and liability insurance.
Effective January 1, 2009, unit owner policies must include loss assessment coverage of at least $2,000 per occurrence.
Effective January 1, 2009, condominium associations must be listed as a loss payee (additional interest) on all unit owner policies issued. The actual wording includes reference to additional named insured and this wording is up for review in the next legislative session.
Questions About these Changes in the Insurance Regulations?
Janise L. Holz
Atlass Insurance Group
1300 SE 17th Street
Suite 220
Ft. Lauderdale, FL 33316
Direct: (954)653-2834
Fax: (954)525-0588
Email: JHolz@atlassinsurance.com
Web: www.atlassinsurance.com
Convenient Dockage For Your Vessel In The Harbor Islands Marina
Harbor Islands located in Hollywood Florida is a gated waterfront community. Harbor Islands offers a vast array of amenities including a 190-slip marina named Loggerhead Club and Marina. The slips are not for sale but they can be leased daily, weekly, monthly, seasonally or annually and is open to the public. The rates are based on slip length or boat length, whichever is greater and the marina can handle up to 120 foot yachts. The depth at low tide is approximately 8 feet and the slips range in size from 30 to 120 feet.
Loggerhead Club and Marina within Harbor Islands Amenities
30, 50, 100 amp electrical services
Pump out service
24 hour security
Air conditioned, marble tiled restrooms, showers and laundry facilities
Health club with pool, spa, sauna and tennis
Ships Store
Captain’s Lounge with internet access
Mail Services
Dockhands
If you own are a boat owner, Harbor Islands has many waterfront homeswith deeded docks and boat lifts but the convenience of the marina is that you don’t have to own a waterfront property to be able to dock your vessel when you live in Harbor Islands. The Marina is centrally located between Miami and Fort Lauderdale with convenient ocean access, nearby beaches and a variety of restaurants offering waterfront/dockside dining along the intracoastal waterway.
