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All posts by Scott Patterson

New Luxury Home Listing in Hallandale, Florida!

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It’s not every day that a home like the one at 490 Holiday Drive comes on the market!  So when one like this is listed on the South Florida real estate market, it’s a great opportunity for every South Florida home buyer out there!

Here’s a breakdown of what makes this Hallandale home for sale so amazing:

  • Waterfront
  • 6,200 square foot new construction home
  • No previous owners
  • 2 master suites – up and downstairs
  • 5 bedrooms, 7.5 baths
  • Wet bar
  • Billiard room
  • 4 car garage

As if that wasn’t fabulous enough, this Hallandale home also features a library, a formal dining room, an up and downstairs laundry room and spacious walk in closets!

Continue reading to learn more about this incredible South Florida home and why it’s not expected to stay on the Hallandale real estate market for long.

 Hallandale Home for Sale

The house on Holiday Drive in Hallandale is currently listed for $2,997,000, which is a bargain price when you consider all that comes with this home!

Not only is the home elegantly designed with fine fixtures that command attention, but it’s also located in a South Florida community that has a reputation for excellence.

This Broward County city offers its 37,000 residents access to fine cultural amenities, excellent public schools and more – right within its borders!

For instance, Fashion Row is a famous Hallandale district on N.E. First and Second Avenues that offers residents discounts for everything from jewelry to collectibles!

And just down the road at the Community and Culture Center for the performing arts, you can enjoy a performance by the Hallandale Beach Symphonic Pops Orchestra or another famous musical act.

For those residents interested in making a day trip elsewhere, they’ll be pleased to find that Hallandale is also conveniently close to plenty of regional attractions, including the Port Everglades facility, Miami and Fort Lauderdale.

As you can see, the lucky home buyer who ultimately invests in the home on Holiday Drive will get more than their money’s worth.  A sophisticated home, a beautiful city and incredible community amenities.

 
Your South Florida Real Estate Experts

If you think that the new listing at 409 Holiday Drive may just be your dream South Florida home, then contact me, Scott Patterson, today!

As your South Florida real estate expert, I’ll be happy to answer any questions you might have about this home and even provide you with a personal tour.

Until next time,

Scott

Hollywood Historic Home Tour Coming Soon to South Florida

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Are you a South Florida resident who has a deep appreciation for historical homes and architecture? If so, I recommend you attend the Hollywood Historic Home Tour on February 26.

During the tour, residents will be able to check out 6 luxurious Lakes homes, as well as several antique cars that will be on display.

I’m excited to report that I will be the main sponsor for the event.

Continue reading to learn more about this annual event, which is now in its 11th year.

Tour Hollywood, Florida Homes

Incorporated in 1925, Hollywood was initially developed in reaction to the South Florida Boom times of the 1920s.

The community was meant to be a “city of dreams,” according to its original founder, Joseph Young.

Today, the community conjures images of luxury single-family homes and high-end hotels whenever it’s mentioned to South Florida residents.

Considered the 9th largest city in the state of Florida, Hollywood  is also known for its family-friendly atmosphere and deep historical roots, especially when it comes to its collection of historical homes.

That rich Hollywood history will be celebrated during the 11th annual Historic Homes Tour.

Here are the details:

  • When: 1 to 4 p.m. on Sunday, February 26

  • Where: Event starts at Art & Cultural Center, 1650 Harrison Street in Hollywood

  • Admission: $25  Advance ticket sales by mail available.

  • More Info: Proceeds benefit The Hollywood Historical Society, a 501c3 non-profit cultural organization.

  • Contact: Call 954-673-7739 or visit www.hollywoodhistoricalsociety.org for more information

Relocating to Hollywood, Florida

Hollywood is a rich city, full of history and personality.

In fact, one of the reasons I love sponsoring the Hollywood Historic Home Tour each year is because it really showcases what makes Hollywood such a special and unique city.

If you’ve been thinking about investing in Hollywood real estate lately and making it your permanent home, be sure to contact me, Scott Patterson, your South Florida real estate expert.

I’ll be happy to tell you about the various residential communities in Hollywood as well as tell you about available listings in the area.

You can even start your South Florida home search today by checking out my user-friendly home search tools. These tools allow you to narrow down your search by price range.

For instance, you can:

Until next time,

Scott

Aventura Florida Neighborhood Spotlight on Presidential Estates

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Today I will continue my occasional series of impressive South Florida neighborhoods by telling you about the Presidential Estates community.

This high-end community features 176 incredible homes developed by Coscan Homes and the Signature Collection by Brookman-Fels.

These homes, which range from 2,600 to 6,500 square feet, were built between 1998 and 2002.

Homes in Presidential Estates feature between three to seven bedrooms and one to three-car garages. And many of them include private swimming pools!

Residences at Presidential Estates range from $1,000,000 to $3,500,000.

Continue reading to learn more about what this magnificent South Florida neighborhood has to offer to Aventura area home buyers like you!

Live in the Lap of Luxury at Presidential Estates in South Florida

No luxury feature was spared when developers built Presidential Estates in South Florida, as evident by the expansive list of amenities offered to residents:

  • Community parks and playgrounds
  • Four tennis courts
  • A tennis club
  • A community swimming pool
  • Pro Shop and Clubhouse

The community also features a 24-hour manned gatehouse for added privacy.

What’s more, Presidential Estates is an ideal place to call home for families with school-age children.

That’s because this elite Aventura neighborhood is zoned for such high-performing public schools as Benjamin Franklin Elementary and North Miami Senior High.

Buy an Aventura Home for Sale at Presidential Estates Today!

To learn more about what makes Presidential Estates such an amazing place to live – or to inquire about available listings on the Aventura real estate market – contact me, Scott Patterson.

As your South Florida real estate expert, I’ll be happy to answer any questions you may have as well as provide you with such helpful relocation resources as:

Until next time,

Scott

Positive Signs for South Florida Real Estate Market in 2012

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The year 2012 may turn out to be a better year for the South Florida real estate market than previously expected, according to panelists at a Greater Miami Chamber of Commerce meeting.

During the panel discussion on real estate and new construction, experts predicted that the South Florida housing market had finally bottomed out.

Ron Shuffield, president of our company Esslinger Wooten Maxwell Realtors, attended the meeting and participated in the discussion.

Continue reading to learn  about his predictions for 2012 and what it means for interested South Florida home sellers.

South Florida Homes for Sale

According to housing experts, low interest rates as well as depressed sales prices on the South Florida real estate have attracted a new influx of home buyers.

Given the increasing demand for homes, Ron Shuffield said that the only thing that may slow down home sales in 2012 would be a shrinking home inventory.

For instance, typically there should be a seven to nine month home inventory. But right now, there’s a six to seven month housing inventory.

Panelists credited that shrunken inventory to heavy discounting, especially for South Florida condominiums.

Here are some of the predictions that these real estate experts made for the New Year:

  • The last of the 4,700 condominium units remaining from the 49,000 built in the region in the last several years will be sold in 2012
  • Many of those 4,700 condominium units will likely be converted into rental properties.
  • Several of the proposed condominium projects in Miami-Dade County will reach fruition in 2012, adding about 4,200 units to the market.
  • European and Latin American investors will continue to fuel much of the activity on the South Florida real estate market
  • A possible increase in mortgage interest rates as well as land prices, however, may slow down the economy once more.
  • What’s more, new condos priced too high could also stall real estate activity.

South Florida Properties

The outlook on the South Florida real estate market definitely seems to be improving each year, suggesting that the market is starting to swing back toward a neutral market rather than a buyer’s market.

This should be welcome news for South Florida home sellers trying to get a good deal on their home.

From my expert advice to my many home selling resources, I’ll make navigating the South Florida real estate market a breeze for you.

Until next time,

Scott

A Look Back at South Florida Real Estate Activity in 2011

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The year 2011 was marked by increasing sales volumes, international home buyers using cash only and depressed home prices, according to a recent report from the Miami Association of Realtors.

Continue reading to learn more about how the South Florida real estate market fared at the end of 2011 – and what local real estate experts are predicting for 2012.

Florida Homes for Sale in the Aventura, Hallandale and Golden Beach Areas

Here’s an overview of some of the trends that South Florida REALTORS saw on the local housing market in 2011:

  • International home buyers spent about $3.5 billion in cash on distressed South Florida real estate
  • Although home sales increased and the total housing inventory decreased in South Florida, home prices remained relatively stagnant.
  • The South Florida rental market saw growth as former home owners became renters.
  • The home inventory in South Florida dropped to 28,000, or by about 40 percent.
  • Meanwhile, the shadow inventory of foreclosed homes that are not listed for sale yet increased to more than 200,000.
  • South Florida existing home sales increased at a slower rate than earlier in the year, although median home prices began to increase.
  • In Miami-Dade County, there were 1,064 condo sales in November, up 2 percent from November 2010.
  • Meanwhile, single family home sales increased by 11 percent year-over-year, to 755.
  • In Broward County, there were 1,089 condo sales in November, down 1 percent from November 2010.
  • Meanwhile, single-family home sales increased by 22 percent year-over-year, to 961.

Analysts are cautiously optimistic about what 2012 will bring for the South Florida real estate market.

While some believe that there isn’t likely to be any real market rebounds until 2013, others believe housing market activity will improve considerably in 2012.

Here are three predictions that the Miami Association of Realtors made for the new year:

  • Home prices will remain low. Experts believe that the high number of distressed properties on the market will keep home values depressed. As an illustration, more than half of all South Florida home sales in November involved a foreclosure or short sale. In a normal market, those types of properties would have made up less than 5 percent of sales.
  • There will be an increase in foreclosed properties on the South Florida real estate market. In 2011, there was a slowdown in foreclosed properties entering the market as banks dealt with a backlog of court repossession paperwork. But experts predict that slowdown will end in 2012, possibly dragging down home values further.
  • More people invest in the rental market, fueling South Florida home sales. While it may seem counter intuitive, an increasing number of South Florida investors are buying homes to turn them into rental properties because of the high demand for rental properties in the area. This in turn is helping create activity on the local real estate market.

Your South Florida Real Estate Expert

While we may not be out of the woods yet, there are plenty of signs to suggest that the sluggish South Florida real estate market is beginning to improve.

The year 2012 may become a turning point on the South Florida real estate market.

For expert advice on the best way to navigate the local housing market as a home buyer or a home seller, make sure to contact me, Scott Patterson.

As your South Florida real estate expert, I have extensive experience working in such local housing markets as:

Until next time,

Scott

Incredible New Villa Flora Listing in Williams Island in Aventura, Florida

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If you’re the kind of discerning South Florida home buyer who values luxury, prestige and elegance, then you’ll be thrilled to learn about the most recent new listing on the South Florida real estate market.

An 8,400 square foot home in the elite Villa Flora community of Williams Island was recently listed on the Aventura real estate market.

There are only 14 homes in this exclusive Aventura community, so it’s a rare treat when one of them becomes available for purchase.

Continue reading to learn more about this magnificent Aventura home for sale and how it can become your dream South Florida home.

Aventura Homes for Sale

The home located at 1524 Island Boulevard  is an impressive architectural feat, even by the high standards set by the gated Villa Flora community.

This Aventura home is situated on point lot, the largest lot in the community and provides incredible, unobstructed views of the bay.

Built with the highest-end materials available, this South Florida home features 6,596 square feet of living space, including 6 bedrooms and 7.5 baths.

There are also a number of recreational features provided throughout the home, including:

  • A state-of-the-art home theater
  • Social Room
  • Pub
  • Heated swimming pool
  • Wet bar with built-in grill
  • Large Terrace

The high standards and attention to detail are evident throughout the residence:

  • Custom-made kitchen with top grade appliances
  • Granite counter-tops
  • Hardwood and marble floors
  • Faux and custom wallpaper
  • Elevator
  • Library
  • Three beautifully designed fireplaces
  • 3 car garage
  • Impact windows and doors
  • And more!

Plus, as a resident of Villa Flora, you’ll have unlimited access to all of the recreational amenities right on the property, including:

  • Marina, which accommodates boats up to 120 feet
  • Spa
  • State-of-the-art fitness center
  • Tennis courts

1524 Island Boulevard #13: An Unbeatable Find on the Aventura, Florida Real Estate Market

This incredible South Florida home is currently listed for $4,500,000.

Contact me, Scott Patterson, today for more information on what this home in the Villa Flora community has to offer.

And for additional help on navigating the South Florida real estate market, make sure to check out all of my helpful home buying tools, such as:

Until next time,

Scott

Sunny Isles Condo Gaining a Reputation for Its Unique Innovations

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One Sunny Isles condominium that hasn’t even been completed yet is making a name for itself because of its innovative parking garage, according to a recent article in The Miami Herald.

The $560 million tower in Sunny Isles Beach features an elevator that carries both the driver and the car to their condo.

The Porsche Design Group from Germany, as well as one local developer, worked together to create the unique condominium complex.

Continue reading to learn more about this unique innovation, and why it’s expected to be a high-demand South Florida residence once it’s complete.

South Florida Luxury Condos

When it’s complete, the Porsche Design Tower will be a 57-story luxury condominium situated on 2.2 acres at 18555 Collins Avenue.

The community will feature 132 units, ranging from 3,800 to 9,500 square feet.  Prices on these luxury homes may be as high as $9 million.

As for the community’s unique parking situation, the tower will feature 284 robotic parking spaces and three elevators. The innovation will give residents an awe-inspiring view of the South Florida landscape as they’re carried at a fast clip up to their home.

Elevator rides are expected to last anywhere from 30 to 45 seconds.

Residents living in smaller units will be allowed two parking spaces and those living in larger ones will be allowed four.

Investing in Sunny Isles Real Estate

The proposed Porsche Design Tower is just an added bonus to living in Sunny Isles. After all, this impressive South Florida community already has a lot to be proud of.

Known as the City of Sun and Sea, this city is brimming with luxury amenities, including:

  •  The famous Sunny Isles Pier
  • Water sports on the Intracoastal Waterway and the Atlantic Ocean
  • High-end shopping venues
  • Lushly landscaped community parks

What’s more, its convenient location on a barrier island in Northeast Miami-Dade County puts residents within just a short distance of even more attractions in neighboring communities.

Your Sunny Isles, Florida REALTOR

I’ll keep you posted as this new Sunny Isles condominium moves through the development process.

And if you’re an interested home buyer, I recommend you check out some of the existing Sunny Isles residential communities, including:

If you see a community you like and would like to learn more about it, then contact me, Scott Patterson.

I’ll be happy to tell you about available listings and answer any questions you might have!

Until next time,

Scott

Incredible Trump II Condominium Recently Listed on the Sunny Isles Real Estate Market

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An excellent South Florida real estate opportunity just became available in Sunny Isles, Florida.

A Sunny Isles condominium owner is selling his Trump Tower II condominium for $1,295,000.

That’s a bargain price when South Florida condo buyers learn about all of the upgrades this condominium has, including all white glass floors and frosted glass interior walls.

Continue read to learn more about this fantastic South Florida condominium for sale, and why it’s not likely to stay on the Sunny Isles real estate market for long.

Sunny Isles, Florida Real Estate

Located in Trump Tower II, the condominium at 15901 Collins Avenue features 2 bedrooms and 2 bathrooms.  This beautiful condo is about 2,145 square feet.

Since it was built in 2008, this Sunny Isles condominium has received several luxurious upgrades, including:

  • 32″ white glass floors
  • Floating 11 foot ceilings
  • Customized lighting and sound system
  • Motorized Blinds
  • Built in entertainment center
  • Coral Stone terrace
  • Frosted Glass walls and doors
  • Custom closets
  • And more!

This extravagant condominium is located within Trump II,which features a total of 278 units, ranging from $509,000 to $2,850,000.

Floor plans at Trump II range from 1 to 3-bedrooms and 1690 to 3,323 square feet.

In addition to providing a variety of floor plan options to interested South Florida condo buyers,  Trump II offers residents a number of high-end amenities and features.

Trump II condominium owners have privileged access to such luxurious amenities as:

  • Private outdoor reception areas
  • Grand ballrooms
  • Two floors of multi-purpose rooms
  • Full service valet and car wash on site
  • 24-hour gate security
  • Children’s playground
  • Four professional sized tennis courts
  • An  8,000 square foot spa and fitness center

And thanks to its ideal location, residents at the Trump II are never in short supply of breath-taking views of Miami, Miami Beach and the Atlantic Ocean.

Purchase a Sunny Isles Condominium for Sale Today!

If you’re interested in learning more  about the amazing new condominium at Trump II that just became available – or the South Florida real estate market in general – then contact me, Scott Patterson, today.

But hurry.  Amazing condos like the one at 15901 Collins Avenue, #3407, don’t stay on the South Florida real estate market for long!

Until next time,

Scott

New Downtown Miami $3 Billion Dollar Development Expected to Revolutionize Miami Area Real Estate

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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:

Until next time,

Scott

Aventura Real Estate: Neighborhood Report on Presidential Estates

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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