Tag Archives: 33019

This Weeks Featured Listing : 325 Layne Blvd

325 Layne Blvd_02Golden Isles – Hallandale Beach, Florida new Listing. Golden Isles is a private gated waterfront community with deep water and no fixed bridges. 325 Layne Blvd is all about luxury and has raised the bar once again in Golden Isles. Five bedrooms and five bathrooms under six thousand square feet of extraordinary luxury and custom finishes. This home is situated on a 92′ x 150′ foot lot with ample boat dockage, a 25K boat lift,325 Layne Blvd_15 new dock and batter pile seawall. The home is fully equipped with top of the line appliances, office, wet bar, smart home automation, two car garage, marble driveway, electronic gates, and of course a custom heated pool, this is a must see. Call me today to schedule a private showing.

-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

Report: Almost Half Of U.S. (and South Florida) Real Estate Transactions Are All Cash

South Florida real estateIt’s a trend I have seen coming for a while here on the South Florida real estate market: all cash real estate deals are on the rise nationally.

According to recent data from RealtyTrac, all-cash deals represented 43 percent of all home sales during the first three months of 2014.

That’s a whopping 19 percent higher than it was a year earlier. And it’s also the highest level ever reported since RealtyTrac started collecting data in 2011.

South Florida Real Estate Market Mimics National Trends

Here’s what else RealtyTrac found about national real estate trends related to all-cash deals:

  • Cash home buyers paid an average of $207,668 for homes during the first quarter.
  • That figure is an average of 13% less than the properties’ average estimated value
  • Cape Coral, Fla., had the highest level of all-cash deals at almost 74 percent during the first quarter
  • The top five was rounded out by four other Florida cities: Miami (67 percent), Sarasota (65 percent), Palm Bay (64 percent) and Lakeland (62 percent).
  • Miami, New York, and California are attracting the most foreign buyers, most of whom are paying with all cash
  • In fact, in Miami, Latin Americans are putting down deposits that total 50% or more of the list price.

Experts credit these trends to these two main factors:

  • Stricter lending standards have made it more difficult to get a mortgage
  • Intense buyer competition means all-cash buyers have the upper hand.

Your Dedicated South Florida Realtor®

As I previously mentioned, I’ve been watching this trend grow for months on the South Florida real estate market. All-cash deals are definitely becoming increasingly common on the market.

Bottom line is that if you’re able to purchase a home with all cash, it’s a good route to take, especially if you’re in a competitive market like South Florida and you’re trying to secure the home of your dreams.

It’s an interesting real estate trend and I will definitely keep you posted as more develops on that front.

Regardless of how you want to finance your next home, however, I would love the opportunity to help you with your next home buying experience.

So contact me, Scott Patterson, today. I would be happy to answer any questions you may have as well as tell you about available listings in such communities as

  • Aventura
  • Hallandale
  • Sunny Isles

Until next time,

Scott

South Florida REALTOR® Once Again Joins Elite Real Estate Ranks

Scott Patterson It’s always exciting when one is recognized for one’s work. It really reinforces and energizes you to keep doing what you do best!

Recently, I was recognized for my outstanding work on the South Florida real estate market.

In fact, I was again ranked as a Top 10 Agent across our company, EWM Realty International. That’s quite an honor, especially given that there are nearly 800 incredible agents working within our real estate company.

I am so honored to be recognized for this distinction.

On The South Florida Real Estate Market, I Get Results for You!

Ron Shuffield, the president of our company, recently spotlighted the company’s Top Achievers for 2013. This year, I was part of this elite group of real estate experts!

Perhaps you saw my picture in the Sun Sentinel or the Miami Herald, recognizing me and others as a member of the 2013 EWM Chairman’s Club.

“Thank you for all the hard work,” Ron Shuffield told us. “ I know the commitment that it takes to reach these highest levels, which makes me appreciate your commitment even more.”

2013 Accomplishments for Scott Patterson in South Florida

No matter which statistic you consider, one thing is clear: I get results on the local housing market! Just check out these figures on my 2013 sales activity:

  • $43 Million of sales
  • #8 Producer Company wide (Chairman’s Club Diamond Level)
  • Ranked #1 in Aventura
  • Ranked #1 in Broward
  • Ranked #8 in Miami-Dade

How I Help You on the Local Housing Market

So what exactly does it take to be recognized as a top performing REALTOR® in one of the most competitive real estate companies in the country?

First, I am dedicated to my clients. I work tirelessly to get the results they want on the market, whether it’s finding a luxury home or selling their current South Florida home.

Second, I have years of experience assisting South Florida home buyers and home sellers navigate the market. This familiarity with the area enables me to provide sage advice to all my national and international clients in such markets as:

  • Aventura, Florida
  • Golden Beach, Florida
  • Bal Harbour, Florida
  • Hollywood, Florida
  • Hallandale, Florida
  • Sunny Isles, Florida

Finally, I offer valuable and user-friendly real estate tools that further make the home buying and home selling process seamless for you! These include:

  • State of the Marketing throughout the world
  • Relationships and Aligning my Sellers and Buyers with the right Attorneys and financial resources
  • Buyer and Seller FAQs
  • Many resources over the years for both my Sellers and Buyers

Connect With Me Today! I’d Love to Represent You on the South Florida Housing Market!

Why work with an average real estate agent when you can work with a top-performing South Florida REALTOR® who has a track record for getting results!

Contact me, Scott Patterson, today to discover how I can help make your South Florida real estate dream a reality!

Until next time,

Scott

Build The Home of Your Dreams in Hollywood, Florida

Interested South Florida home buyers navigating the market have the rare opportunity to build the home of their dreams in Hollywood, Florida.

This is a unique and rare large waterfront lot, located at 1010 S. Northlake Drive, in the Hollywood Lakes section, this property is 85-feet-by-228-feet, which equates to about a half acre.

If you’re interested in living in South Florida but want the freedom to build your own home, this may be the perfect opportunity for you!

Hollywood, FL Real Estate For Sale

101 Southlake HollywoodThis lot in Hollywood Florida already has plenty to offer interested buyers.

This property features a new seawall and dock. It also boasts a desirable location with Hollywood Lakes, which is a popular and idyllic neighborhood.

What’s more, this property is located on S. Northlake, giving residents access to a sizeable lake that offers expansive water views. It’s great for privacy as well!

And here’s another bonus to living on Northlake: this body of water leads directly to the Intracoastal Waterway, with continuing access to the Atlantic Ocean. And with no fixed bridges along the way, it will be smooth sailing for you if you decide to spend an afternoon on the water.

Centrally-located in Hollywood, this property is also conveniently situated between all of the amenities that Fort Lauderdale and Miami have to offer.

Other amenities within walking distance include:

  • Hollywood Beach
  • Young Circle
  • Dining amenities
  • Shopping attractions
  • And more!

Plus, Hollywood-Fort Lauderdale International Airport is just a short distance away!

Helping You Invest in South Florida

If you’re interested in purchasing this beautiful lot in Hollywood, please make sure to contact me, Scott Patterson, your dedicated South Florida REALTOR®, today.

I’d love to answer any questions you may have as well as help you schedule a showing of the property.

Get a sneak peek now by checking out my aerial video of the property above!

Until next time,

Scott

How the 3.8% Real Estate Tax for South Florida and the U.S. Really Works

South Florida home salesRecently, the National Association of REALTORS® released a helpful statement about how health care reform does and does not affect real estate taxes.

Evidently, rumors have been circulating for months that the law contains a 3.8 percent tax on real estate.

In fact, the NAR has said that the tax does not target real estate and will likely not affect most home sales. That’s because this tax will only affect high-income households who experience substantial financial gains after an asset sale (including a home sale).

The National Association of REALTORS® went on to say that the tax would likely only affect 2 to 3 percent of home sellers.

Dispelling Rumors on the Real Estate Tax

Here’s what else the National Association of REALTORS® wants you to know about health care reform and how it affect real estate taxes:

The tax will affect few home sellers because there are a lot of criteria that must be met first for the tax to apply

  • First, the home sale gain on the principal residence must be greater than the $250,000 to $500,000 capital gains exclusion that’s in effect today. Please note, this says gain and not sales amount. Thus, it’s a pretty substantial profit margin.
  • Second, those homes that do see a gain of more than $250,000 to $500,000 (specifically $250,000 for single filers and $500,000 for joint filers) need only count the amount above the exclusion into the tax calculation. This would still only apply to high income households, which is defined by law as single people earning $200,000 a year. For joint filers, that figure is $250,000 a year.
  • Once that value is plugged in and if it’s seen as taxable, then the amount could be subject to a 3.8 percent tax.
  • Although the tax took effect in 2013, any impact on taxes would not happen until 2014 because the tax filer would do the calculation in 2014 for the 2013 tax year.
  • Finally, because this is not considered a tax on a real estate sale but rather on a capital gain, it would not be calculated at the time of closing. Rather it would be calculated at the time the individual files his or her taxes.

Of course, it’s important to check with a professional tax preparer about your specific situation but this is generally how the tax works.

Your Dedicated South Florida REALTOR®

Hopefully you now have some added clarity on what the health care reform tax on real estate does and doesn’t’ do.

For more information on this recent change as well as some perspective on how it may affect you as a South Florida home buyer or seller, make sure to contact me, Scott Patterson.

I will be more than happy to assist you with all of your South Florida real estate needs in such communities as:

  • Aventura, Florida
  • Hallandale, Florida
  • Sunny Isles, Florida
  • And others!

Until next time,

Scott

French Top the Miami Real Estate Market for Most Interested Buyers

South Florida Home BuyersMove over Brazil, there’s a new international market that is newly interested in South Florida real estate.

According to a recent article I was reading, the French top the list for most consumers searching Miami area real estate.

This will undoubtedly have an impact on the local housing market as well as home seller strategy on attracting potential buyers.

South Florida Real Estate for Sale

The article I was recently reading noted that in June, the Miami Association of Realtors reported that France had moved into the top spot for consumers searching Miami homes on Miamire.com.

The association also announced that foreign consumers have become increasingly interested in Miami real estate.

Here’s what else the Association recently discovered:

  • This marks the second time this year that French consumers topped such a list. The last time this happened was in April.
  • Experts credit the surge in French interest to the fact that Miami has been exhibiting at the Paris expo every year since 2005, which has grown interest.
  • French buyers consistently rank in the top seven countries investing in Miami real estate, making it higher than any other European country.

The association also revealed the other top countries searching for South Florida real estate on Miamire.com, which is the Miami Association of Realtors Property Search. They are:

  • France
  • Brazil
  • Canada
  • Venezuela
  • Argentina
  • Colombia
  • India
  • Germany
  • Mexico
  • United Kingdom
  • Italy
  • Belgium

Experts also pointed out that this is the first time that Belgium even made an appearance on the list.

Your South Florida Real Estate Experts

So what does all of this mean to the average South Florida home seller? It means that there’s a broader prospective home buyer market to advertise too besides just domestic consumers.

It also means that it’s important for sellers to effectively use marketing materials to reach potential sellers all over the world.

This is made easier when home sellers work with seasoned South Florida real estate experts like me, Scott Patterson.

For help listing your South Florida home on the market, please contact me, Scott Patterson, today.

I’ll be more than happy to assist you as a home seller by offering valuable insight, intuitive home-selling resources and more!

Until next time,

Scott

South Florida is a Great Place to Live Right Now!

South Florida real estateThe news from the South Florida real estate market has been exceptionally positive lately.

One recent article noted that the area’s economy has been improving quite noticeably lately, emerging from the global recession stronger than before.

Today, I’m going to tell you about how our local economy is showing gains lately.

The Economy is Rebounding in South Florida

First, let’s start with the real estate market. According to the recent article I was reading, the housing market is hot once more, with home demand and home prices on the rise.

Meanwhile, condo developers are revving up activity once more.

The Miami Herald article also noted that the hospitality and tourism business is improving, with activity steadily increasing since 2010.

As of 2012, record numbers of visitors had stayed in area hotels. And experts believe that this year’s numbers are going to surpass even that!

The local economy is also seeing diversification, with Miami increasingly becoming a technology and healthcare hub.

Meanwhile, the area is also seeing a lot of key development, such as the recent Miami International Airport expansion and the Port of Miami tunnel development.

Other key developments that have been in the news recently include the Verizon NAP of the Americas in downtown Miami, the proposed new Miami Beach Convention Center and more!

Miami is also becoming well known for being a place to come as an entrepreneur.

For instance, the Global Entrepreneurship Monitor U.S. Report showed that Miami is 30 percent more entrepreneurial than the rest of the country.

Relocating to South Florida

As you can see, there are many different reasons to want to live in South Florida, from its diversified local jobs market to its thriving real estate market.

If you’re interested in making South Florida your permanent home, please contact me, Scott Patterson, today.

I’ll be more than happy to assist you by offering you valuable advice as well as such useful home-buying resources as:

Until next time,

Scott

 

New Condo Proposals Abound Right Now in South Florida

South Florida condosAn interesting trend has happened recently on the South Florida real estate market. Evidently, condo developers have been enthusiastically proposing new projects lately, proposing an average of almost 1,000 new units monthly for the tri-county coastal region since October 2012.

This is not only a sign that developers are feeling optimistic about the economy but also a sign that there’s about to be some incredible new real estate available in South Florida!

Real Estate for Sale in South Florida

According to the recent article I was reading in The Miami Herald, it has only taken roughly 10 months for developers to propose 20,000 new units in Miami Dade, Broward and Palm Beach counties.

Here’s what else the recent article revealed:

  • Since the fourth quarter of 2012, developers announced nearly 90 new buildings with a combined 9,500 units in South Florida.
  • At least three additional condo high rises with an estimated 1,200 units in the planning stages.
  • All put together, South Florida could ave at least 145 towers and nearly 20,700 units proposed for Miami-Dade, Broward, and Palm Beach counties.
  • The last South Florida condo boom of this magnitude started in 2003 and ultimately resulted in 245 towers and almost 49,000 units in the region.
  • Miami-Dade County has the largest concentration of proposed projects with more than 90 towers and nearly 15,285 units planned.
  • Broward County has 26 towers and less than 2,125 units proposed.
  • Palm Beach County is a third with 23 towers and nearly 2,100 units proposed.
  • Broken down further, the Hollywood and Hallandale Beach market in Southeast Broward County has proposed 11 towers with nearly 1,450 condo units.
  • Sunny Isles Beach on the barrier island in Northeast Miami-Dade County has proposed 10 towers and nearly 1,200 units slated to be developed.
  •  West Palm Beach has proposed seven towers and nearly 1,170 units
  • The city of Miami Beach has proposed with 17 towers and nearly 1,100 units.
  • And Bal Harbour, Surfside, and Bay Harbor Islands market in Northeast Miami-Dade County have proposed 14 condo towers with nearly 1,000 units.

Part of the reason that developers are moving so fast to develop new condos is because the inventory of available condo buildings is dwindling fast.

Experts predict that the current supply of existing condos for sale could be exhausted by the second half of 2014.

Some of the projects that developers are proposing include:

  • A 713-foot-tall tower with at least 60 stories at 600 Biscayne Blvd.
  • A 710-foot-tall tower with at least 60 stories at 700 Biscayne Blvd
  • A 610-foot-tall tower with 55 stories at 24 SW 4th St. on the north bank of the Miami River.

Still, despite all this talk about new South Florida developments, these companies have a large hurdle to overcome first: getting loans from the banks, which have tightened their lending policies in recent years.

That’s why experts believe that it is those developers who can drum up sufficient support from would-be condo buyers that will ultimately find success on the South Florida real estate market.

South Florida Condos for Sale

What do you think of the recent flurry of activity on the South Florida condo market? I would love to hear your thoughts!

In the meantime, if you’re thinking about investing in a South Florida condo, please contact me, Scott Patterson.

I’ll be happy to assist you by letting you know about available condos for sale, answering any questions you may have as well as telling you about nearby condo communities in such communities as:

  • Aventura, Florida
  • Hallandale, Florida
  • Davie, Florida

Until next time,

Scott

 

Hollywood Florida Neighborhood Spotlight on Harbor Islands

For this week’s South Florida real estate blog, I’d like to tell you about the Harbor Islands community in Hollywood, Florida.

This deluxe residential neighborhood , which is situated on 192 pristine acres, is a gated community comprised of scores homes, all of which range from 1,500 to 9,400 square feet of living space.

As an interested home buyer, you’ll immediately be drawn to this community’s tranquil setting, ample privacy and stately properties.

Living in Harbor Islands, Florida

The small cluster of islands that comprise Harbor Islands actually feature a number of unique residential enclaves. These include:

  • Edgewater, featuring single-family homes
  • Harborside, featuring executive homes
  • Harborview, featuring generous-sized townhomes
  • Grand Harbor Estates, featuring custom homes
  • The Estates
  • Harbor Pointe
  • Commodore Estates
  • Admiral’s Cove, featuring townhomes and estate homes

Designed by Brookman-Fels with Avatar Development Corporation, these properties were mostly built between 1996 and 2006, and include:

  • 2 to 7 bedrooms
  • 2 to 7.5 bathrooms
  • 2- to 4-car garages
  • Vaulted ceilings
  • Beautiful fireplaces
  • Private swimming pools
  • Marble floors
  • Granite countertops
  • Stainless steel kitchen appliances

Generally speaking, interested home buyers can expect to spend between $450,000 and $5 million on these homes.

What’s more, all residences allow two pets of any size, although pit bulls and pit bull-type dogs are prohibited.

And all residents at Harbor Islands enjoy access to such luxurious recreational amenities as:

  •  Grand Clubhouse Recreation Center
  • Biking and Jogging Paths in the 20-acre Joe Dimaggio Park
  • Championship Tennis Center
  • Fitness Center and Spa
  • Swimming pool
  • Whirlpool
  • Sauna

There is also the Harbor Islands Marina, which features 196 boat slips to accommodate boats from 20 to 120 feet. The Marina also features 30, 50, and 100-amp electrical services, on-site ship’s store, air-conditioned marble-tiled bathrooms, shows and more.

What’s more, there is a 24-hour roving security patrol on the grounds of Harbor Islands.

Tour Harbor Islands Now from the Comfort of Your Home!

Harbor Islands really is an incredible place to call home. But don’t take my word for it! Check out the above Harbor Islands HD Video, which will have you imagining being a resident in this Hollywood community in no time!

And if you decide that you’re ready to invest in your own property here, please contact me, Scott Patterson, your South Florida REALTOR ®

I’ll be happy to tell you about available listings as well as offer you numerous home-buying resources.

Until next time,

Scott