THE ARK OF GOLDEN BEACH GOES UNDER CONTRACT!

480 Ocean blvd  copyOne of Golden Beaches most famous home went under contract. The home is situated at 480 Ocean blvd on a dry lot and was a design collaboration between world famous Chad Oppenheim and Jacob Abramson. Its unique glass shaped ark is the epicenter of the design. The home boasts six bedrooms and eight bathrooms all under 8,500 square feet. A rooftop patio situated at the tip of the glass ark gives the homeowner a great sunrise and sunset view while enjoying the saltwater breeze. The home is listed for just under six million USD and we have yet to know the selling price of this gem, closing date is set for June 15, 2016.

Golden Beach Florida, Located in the north-eastern point of Miami-Dade county on the sands of the Atlantic Ocean and to the west the Intracoastal Waterway is home to one of South Florida’s most luxurious and sought after communites in the country. Home to many influential celebrities and wealthy residents, for most people it is an honor to call it home.

Demolition of the Dania Beach Hurricane Roller Coaster

Dania Beach landmark being torn down piece by piece20160316190246_2418290_ver1.0_1280_720

 

They say, whatever goes up has to come down. The Dania Beach Florida Hurricane Roller Coaster in southern Broward County has been a landmark for residents and tourists since year 2000. Just this past week the demolition of the monstrous wooden structure has begun and it created a buzz through the south Florida community. The ride itself closed five years ago and hasn’t been operated since. Some are happy to see it go but some are sad and believe it or not, I rode when it reopened in 2000, lots of memories from my childhood on a wooden roller coaster!

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Kimco Realty Group of New York is developing a 850,000-square-foot center in a joint venture with Master Development and Salzman Real Estate Advisors, Who have projects already through the Tri-County area of South Florida. This project will bring in about 17,000 construction jobs and 13,000 permanent jobs once its fully developed.

No leases of any retailers have been signed yet, But the 35-acre first phase, which will incorporate “big box” stores and discount retailers, is planned to open in the fall of 2017.

The second phase, which will include more retailers, restaurants, 1,000 residential units and two hotels, will follow in the fall of 2018. By that time, construction will be initiated on some of the 500,000 square feet of commercial office space.

Dania Pointe of Dania beach located just north of Hollywood Florida, will be one of the largest shopping centers in Broward County Florida. Dania Pointe will attract many visitors all the way from Southern Miami-Dade County up to The Northern parts of Palm Beach County because of Dania Beaches central location in South Florida. Over half a million cars pass by the location northbound on I95 per day! This development is sure to be a success and a great new addition to the city and South Florida.

 

luxury condo in miami

Foreign Investors in the Miami Luxury Real Estate Market are Dwindling

Several years ago, the luxury real estate market in Miami was sustained by foreign buyers who sought to invest in multimillion-dollar waterfront properties. But that’s not the case today, at least for real estate investors in Latin America and Europe.

Fewer foreign investors are purchasing luxury real estate in South Florida, in part due to a global recession, as currencies in countries such as Argentina, Brazil, Mexico, Russia, and Venezuela have been devalued. In some cases, due to lower purchasing power, real estate investors are seeking properties in a lower price point than in years past.

Today’s Foreign Investment in Miami

South Florida home salesAccording to the Miami Downtown Development Authority’s latest market study, all-cash transactions are decreasing. Market activity in 2015 was weaker than in 2014, in part due to the worsening global economy.

Compared with the US dollar, the purchasing power for many foreign currencies has dropped since 2014 and since 2011, with the most significant changes experienced by the Brazilian real (almost 59% since 2011), Russian rouble (more than 60%), and the Argentinian peso (almost 70%). However, there was a positive change to the purchasing power of one currency since 2011 — the Chinese yuen.

Will We See the Market Shift Toward Chinese Investors?

Between 2011 and 2014, the yuen‘s purchasing power agains the US dollar had to increased 8.61%, with a cumulative change of 0.45% between 2011 and 2016.

Recent moves by real estate developers, too, as reported in The Real Dealhave been made in an attempt to attract investors from Asian countries, namely China. And the Miami Herald reports that direct Chinese foreign investment in the US has increased by 30%, with more than $1 billion invested in the state of Florida by Chinese companies.

Will we see a shift from South American and European investors to Chinese investors in luxury real estate in South Florida? We will just have to wait and see.

Let’s Discuss Investing in Miami Real Estate

Are you interested in learning more about the Miami luxury real estate market, or investing in luxury waterfront properties? Let’s discuss this information. Just call me at 954.661.8871.

"luxury leader 2015" banner for EMW Realty International

It’s Official: EWM is the Luxury Leader in South Florida!

We are happy to announce that we are South Florida’s leader in luxury real estate sales! Last year, EWM Realty International was ranked the #1 luxury real estate brokerage firm in the Miami-Dade and Broward market for single-family homes and condominiums over $1 million.

Luxury Real Estate Sold in 2015 by EWM

a sales graph comparing EWM Realty International with other top producers in the Miami-Dade real estate luxury market

In 2015, EWM Realty International sold a total of $1.34 billion in residential real estate in Miami-Dade and Broward counties, with an average sales price of $2.3 million. With 575 transactions sold for $1 million or more last year, that is one luxury listing sold every 15 hours!

infographic showing number of luxury transactions and average listing price per home

 

Why EWM Realty International is a Top Producer

Our in-depth local knowledge of the South Florida lifestyle, expertise in the luxury real estate market, and tireless dedication to superior customer service are just three of the reasons why EWM Realty International become the 2015 Luxury Leader in South Florida.

When you are selling your luxury home or condo, choose the best real estate team to work in your best interests. Contact us and let’s talk about how we can help you sell for top dollar.

Hollywood Beach Waterfront Commercial Listing!

 

Hollywood Beach Intracoastal Waterfront property just north of newly built Margaritaville!.  Two-story building with 4 boat slips, large deck and walking distance to beach.

Appointments:

  • Two-Stories
  • 83′ of Waterfront
  • 4BR/4BA
  • Two Kitchens
  • 3,118 sq.ft
  • Land Sq.Ft.: 5,586
  • Ocean Access
  • No Fixed bridges

Property has many uses and can be re-developed as:

  • Hotel and motel
  • Bed & Breakfast
  • Offices
  • Personal Services
  • Retail
  • Restaurant
  • Boat Rental

2200 N Ocean Dr_08

 

For more information contact me at scott@scottpatterson.com or visit my website www.scottpatterson.com

Until next time,

Scott

4 Standout Features of Our New Island Estates Home Listing in Aventura!

Aventura HomeWe are some thrilled to tell you about a new listing on the South Florida real estate market that is already generating a lot of interest from home buyers!

Located at 3922 Island Estates Drive, this incredible 7,014-square-foot home is truly remarkable, boasting 6 bedrooms and 7.5 bathrooms.

Continue reading to learn more about this gem of a property on the Aventura housing market.

This Island Estates Home is Full of Desirable Features and Amenities

Here are the top four features of this South Florida home, although honestly, we could make a list twice that long and not even scratch the surface:

  • It sits on the waterfront, giving you breath-taking views every time you look out the window – not to mention easy access to water recreation amenities.
  • It features its own electric gates, offering you both security as well as a stately ambiance.
  • It boasts an expansive gourmet kitchen with every amenity and luxury you could possible need or want including 50-foot slip
  • Its backyard is full of coveted amenities, including an infinity heated pool, covered terrace and a summer kitchen,

Aventura Home 2But the perks of living here don’t just stop there. Here are some additional amenities and features in this home that will surely capture your attention:

  • Large motor court
  • Wet bar
  • Media room
  • Volume ceilings
  • Lovely fireplace
  • Impressive staircase
  • Granite counter tops
  • Built-in shelves
  • Huge windows
  • Elevator

It’s All About Location, Location, Location

Aventura Home 4What’s more, this Mediterranean style home enjoys a great location with the Island Estates community, which is beloved in its own right for offering its residents an exceptional quality of life. For instance, some of the recreational amenities offered on site here include:

  • Access to estate management and concierge services
  • Round-the-clock professionally staffed guard service
  • Memberships available for golf, tennis, Ocean Club, spa and restaurants

Plus, you’ll live close to a number of outstanding amenities that will appeal to all members of your family. These include:

  • Miami International and Fort Lauderdale airports
  • The Community Recreation Center
  • Aventura Founders Park
  • Aventura Arts & Cultural Center
  • Waterways Park and Waterways Dog Park
  • Veterans Park
  • And more!

Could This Be Your South Florida Dream Home?

Aventura Home 5If so, please don’t hesitate to contact us at The Scott Patterson Group today. We would love to answer any remaining questions you might have about this property as well as help schedule a showing for you.

But act now! Excellent homes like these don’t stay available on the South Florida real estate market for long!

Until next time,

Scott

Just Listed: Luxury Condo Living at Its Finest in Aventura, FL

6000 Island Dr 2704_06Have we got an amazing South Florida luxury real estate deal for you! Recently, an impressive condominium in the desirable Bella Mare building (also known as the 6000 Williams Island building) listed on the Aventura real estate market.

Located at 6000 Island Boulevard #2704, this incredible condo boasts 4 bedrooms, 3.5 bathrooms and a total of 4,221 square feet of living space.

Listed at $3,495,000, it’s a steal of a deal when one considers all of the amenities offered here. Continue reading to learn more!

Fall In Love With Our New Aventura FL Listing

6000 Island Dr 2704_14This breathtaking Bella Mare double unit was professionally designed with the most discerning of South Florida home buyers in mind.

Here, prospective home buyers will be impressed by the panoramic ocean, intracoastal, city and bay views – all from the vantage point of the 27th floor of a 30-story luxury condo. With those kinds of views at those kinds of heights, the next residents who live here will be able to enjoy unobstructed views of sunrises and sunsets every day of the year from the comfort of their luxury South Florida condo.

Take a tour of this incredibly majestic condominium and you’ll discover luxury amenity after luxury amenity. These include:

  • Spacious terraces
  • Miele and Sub-zero custom kitchen appliances
  • Built-in Espresso
  • Full-size wine cooler
  • Detailed finishes
  • Built-in shelves
  • Private office
  • Wet bar
  • Crestron & Lutron Home Automation
  • Private elevator with foyer entrance
  • Extravagant walk-in closets
  • And so much more!

And that’s just within your own personal residence! Wait until you hear all that’s offered to residents throughout the community!

The Perks of Living Here Keep Getting Better!

6000 Island Dr 2704_03 (1)When you live in this South Florida community, you’ll feel like royalty every single day of the year!

After all, this condominium community offers such resort-style services  and amenities as:

  • Valet Parking
  • Bike/Jog Path
  • Bike Storage
  • Billiard Room
  • Community Room
  • Exercise Room
  • Heated Pool
  • Marina
  • Child Play Area
  • Tennis

And of course, with its South Florida location, this condominium community also offers residents easy access to trendy restaurants, upscale shopping plazas, the beach and so much more!

Hurry! This Aventura Condo Won’t Be Available for Long!

Condos like this have a tendency to be purchased quickly on the South Florida real estate market.

Thus, if you’re interested in this incredible property, be sure to connect with us at The Scott Patterson Group as soon as possible.

We’ll be happy to help you by sharing you with additional information about this condo as well as answering any questions you might have. We’d also love to assist you if you’re interested in requesting a showing of this property.

Until next time,

Scott

Buying or Selling A $1M Plus Home? EWM in South Florida is Your Expert Resource!

graphic for scottSome South Florida real estate agents close a $1 million home transaction once in a blue moon. And others, like EWM in South Florida, make it a core part of their business model.

Who would you rather work with when buying or selling YOUR $1 million plus home?

It is with great pleasure that we report to you that EWM was recently recognized as THE leading luxury brokerage in Miami-Dade and South Broward counties for listing single family homes over $1 million.

So what exactly does it take to hold this distinguished position in the region? It means:

  • Selling a $1 million plus residence every 13 hours
  • Closing 335 transactions in excess of $1 million each during the first six months of 2015
  • Selling homes at an average sales price of $2,559,020
  • And completing a total of $857 million in luxury sales between January and June of 2015.

Now that we’ve told you what we’ve done to get this distinction, we want to take a moment to share with you how we provide the most excellent luxury home sales services in South Florida.

What We Provide For You as a Luxury Home Seller

When you work with us as a home seller, we will work tirelessly to ensure that your home is being marketed to interested and qualified home buyers and that it fetches the highest price possible on the market.

Some of the specific tools we offer include our marketing plan for sellers, tips for showing your property and tips for pricing your property.

We also offer you access to our valuable home selling blog!

What We Offer to Our Luxury Home Buyers

As a home buyer, we will search high and low for the ideal South Florida luxury home for your lifestyle and price range.

Plus, in addition to thoughtful advice, some of the valuable resources we offer to our buyers online include a guide to South Florida communities, Buyer FAQs and School Information.

20 Most Recently Listed EWM Estates For Sale

Start Working With An Award-Winning South Florida Team Today!

As you can see, when it comes to luxury real estate in South Florida, no one knows it better than our expert agents at EMW!

Thus, when you’re ready to enter the market as a buyer or seller, be sure to connect with us!

Until next time,

Scott

Hot Listing Alert: Our New Ocean Palms Condo in Hollywood FL

Hollywood Listing 2We recently listed a luxury condominium on the South Florida real estate market in Hollywood that is attracting a lot of home buyer attention.

Located at 3101 S. Ocean Drive #1102, This gorgeous Hollywood residences offers buyers everything they could possibly want – from panoramic views of the water to the latest kitchen appliances, from spacious bedrooms to upscale detailing throughout.

If you’re in the market for a Hollywood condo, you should check out this new listing before it’s sold!

The Inside of This Hollywood Condo Is a Dream!

Hollywood listingListed at $1,099,000, this South Florida condo boasts 3 bedrooms, 3 bathrooms and a total of 2,308 square feet of living space.

Thus, this home really does offer interested home buyers all of the space they could want to live a happy and comfortable life right here in South Florida.

When home buyers step inside this property, they’ll immediately notice the builder’s commitment to excellence.

At every turn, they’ll find sought-after amenities that aren’t just found in any South Florida condo. In fact, these features are reserved for the more upscale residences.

These desirable amenities include:

  • Gourmet kitchen
  • Custom cabinetry
  • Marble Counters
  • Two large wrap-around terraces
  • Bold walls of glass
  • Private custom foyer
  • And so much more!

Plus, your residence offers spectacular views of both the ocean and the Intracoastal waterway!

Built in 2006, this condominium truly is designed for the modern home buyer!

Enjoy Excellent Recreational Amenities On Site!

Hollywood Listing 3Meanwhile, thanks to its 5-star condo setting in Ocean Palms, this residence offers home buyers easy access to such resort-style amenities as:

  • A gym
  • Infinity pool
  • Tennis courts
  • Theater
  • Beach access
  • Pool service
  • And more!

Another benefit to living in the Ocean Palms community is that you’ll be conveniently close to downtown Hollywood, which features numerous specialty shops, dining venues, boutiques and galleries. Life is truly wonderful here in Hollywood!

You’ll also be just a short drive away from all of the shopping and dining opportunities at nearby Bal Harbour Shops and Aventura Mall.

And for those faraway trips, you’ll enjoy convenient access to the Hollywood-Ft. Lauderdale International Airport as well!

Ready to Make This Hollywood Condo Yours?

Hollywood Listing 4If so, then please contact me, Scott Patterson, your luxury South Florida real estate expert.

I would love to assist you by answering any questions you might have as well as providing you with some valuable home buying resources, such as our Buying South Florida Real Estate eBook

And if you’re really interested in this condo, I’ll be happy to schedule a showing of it as well!

Until next time,

Scott

Discover a South Florida Paradise in Weston

WestonIf you’re looking for a gorgeous South Florida community in which to reside, you should consider checking out the master-planned community of Weston.

This contemporary community is highly-desirable by home buyers because it is not only family-friendly but also community-oriented. Plus, it boasts excellent public schools within the area as well as a great location near some fantastic recreational amenities.

Continue reading to learn more about what Weston has to offer buyers.

5 Reasons to Fall in Love With Weston

Here are some of the most oft-mentioned reasons for why people love to relocate to Weston:

This community, which was developed by Arvida/JMB Realty, boasts gorgeous single-family homes and condominiums. These homes were constructed with the latest and greatest interior amenities and features.

Weston has the lowest combined property taxes, municipal taxes and fees in the county, giving residents great deals on real estate in South Florida.

The 27-square-mile community is home to several Fortune 500 companies as well as owner-operated retail establishments and unique restaurants. This makes for a strong and robust local economy. No wonder the city was recognized as the community with the largest job growth in Florida in 2006.

Weston is zoned for some excellent public schools within the Indian Trace Development District as well as the Bonaventure Development District. These schools have been nationally recognized for being high-performing schools that have high graduation rates.

This community boasts 14 incredible park and recreational facilities. And a lot of them host some well-attended community and cultural events throughout the year. In other words, there’s always something going on in Weston.

And this is just scratching the surface of reasons why people love living in Weston!  There are countless more reasons as well, including excellent proximity to Miami as well as the gorgeous landscaping throughout the community.

Interested in Relocating to This South Florida Community?

If so, then please take a moment to learn even more about this community by checking out my recently updated Weston community page. You’ll learn about even more reasons to fall in love with this South Florida community.

And when you’re ready to purchase your own Weston home on the market, then make sure to contact me, Scott Patterson, your dedicated South Florida real estate expert.

I’ll be happy to talk with you about what you’re looking for in a home and will then work hard to find all available listings in Weston that match those criteria.

Until next time,

Scott