Skip to main content

All posts by Scott Patterson

New Listing in Williams Island Villa Marina in Aventura

New Listing in Williams Island located in Villa Marina (The 7000 Bluilding) with stunning views of the Atlantic Ocean and Intracoastal Waterway feauturing two, three and four bedroom residences.  Williams Island caters to a luxury lifestyle and some of the amenities include Tennis club, spa and health club, restaurants and marina.

Williams Island Villa Marina Unit# 604

williams-island-7000-front-wm7000-willians-island-604-647000-willians-island-604-1817000-willians-island-604-22

Quick Facts Unit#604: 3 Bedrooms, 3 Baths, over 2,690 sq.ft., 2 parking spaces listed for $699,000 and currently the best priced 3 bedroom/3 bath “04” line unit in the development.

Recent Sales”04″ Line

Unit# 1104 closed for $770,000 or $286 sq.ft. on 4/22/2009
Unit# 2904 is currently pending scheduled to close 6/1/2009

Active Listings “04” Line

Unit# 604 (Featured) List Price: $699,000 or $260 sq.ft.
Unit# 404 List Price: $719,900 or $268 sq.ft.
Unit# 2804 List Price: $855,000 or $318 sq.ft.
Unit# 2704 List Price: $899,000 or $334 sq.ft.
Unit# 2604 List Price: $950,000 or $353 sq.ft.
Unit# 2104 List Price: $1,490,000 $554 sq.ft.
Unit# 3004 List Price: $1,770,000 $658 sq.ft. (includes 300 sq.ft. pool cabana)

For additional information on this or other units in Aventura please contact me at 305.466.3070

Brokers Open 619 Palm Drive In Golden Isles Tomorrow

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.

619-palm-wm1619-palm_01

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

For local news and information join my real estate blog!

Waterfront Golden Isles Community Gets New Bridges

The City of Hallandale Beach has begun construction to improve the bridges in the waterfront community of Golden Isles. The bridge improvements are mostly for aesthetics and for preventative maintenance.  The concrete and steel commercial type barriers will be replaced with more decorative concrete barriers and decorative lighting, the center posts of each section will have beautiful ornate aluminum light fixtures.  Golden Isles has recently completed the new guard house, new curbs and landscape projects, so this new bridge project will truly enhance the community as a whole. This will help provide Golden Isles with a fresh look for the years to come. The expected completion date is November 2009.

img_4331img_4335golden-isles-aerial-west-watermark-web

New To The Market In Golden Isles

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.

619-palm-wm

Golden Isles is close to Hallandale Beach and the new Gulstream Park Racing and Casino that will include a movie theater, restaurants and shops.

New Fannie Mae Condo Guidelines Toughening Condo Lending

By Guest Contributor

James Venney

Private Mortgage Banker, Homeservices Lending

I believe that most clear minded individuals would agree that given the fact that the Federal Government controls Fannie Mae that a coordinated effort could be made to relax those ocean-palms-back-wm1underwriting guidelines that will enable more well qualified buyers to obtain financing to buy a new condominium.
Overview of Fannie Mae Condo Guideline Changes:

• For new construction and newly converted South Florida condo developments, 70% of the units must be pre-sold (closed or under bonafide contract). This is an increase from 51%.

• No more than 15% of a condo project units can be more than 30 days past due on HOA fees.

• Fidelity insurance will require for condos with 20 or more units, ensuring that homeowner association’s funds are protected. Prior to these changes this threshold was only for new condos but is now being applied to existing/established condos as well.

Borrowers/unit owners must now obtain a condo-owners insurance policy unless the master condo policy provides for interior unit coverage.

• No more than 10% of a project can be owned by a single entity.

• No more than 20% of a project can consist of non-residential space.

• The homeowners association must have 10% of its budgeted income designated for replacement and reserves and adequate funds budgeted for the insurance deductiblethe-point.

The Icon and The Jade Residences in the Brickell area, Canyon Ranch on Miami Beach and The Artech in Aventura are just a few examples of the many new world class condominium buildings in South Florida. Many savvy buyers from around the world recognize that the units in these buildings represent incredible values at their current price points.

I think that it would benefit the housing market and the economy as a whole if the Federal Government were to put into place meaningful changes to the Fannie Mae condominium guidelines to make it easier for well qualified buyers to finance these units.

While most of the units in these luxury South Florida buildings would require jumbo mortgages wouldn’t it make sense for the Federal Government to require any lender that was the recipient of TARP funds to adhere to a relaxed set of condominium guidelines making purchase money mortgages more readily available to potential buyers?
The Federal Government needs to coordinate it’s efforts regarding new condominiums and available financing before their actions lead to the destruction of an otherwise viable market place.

For your consummate mortgage news visit James Venney’s Blog.

Under Contract in Golden Isles

443 Alamanda Drive Under Contract

443-alamanda-dr-54051

443-alamanda-dr-5461

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.

To receive updates Subscribe to my Golden Isles, Golden Beach, Hollywood and Aventura Real Estate Blog!

Financial Transparency Finally Comes to Florida State Government Spending!

Long overdue, state government fiscal transparency has finally arrived in the state of Florida. Floridians can now track how their taxpayer dollars are spent. Gov. Charlie Crist and Chief Financial Officer Alex Sink recently unveiled a new Web site to allow citizens to track the state budget. The new “Sunshine Spending Web site” will allow Floridians to hold our state government accountable for our hard earned tax dollars.

Free Search for Florida Vendors

It’s interesting to note, part of the functionality of this new Sunshine Spending web site is to “freely” allow Florida citizens for the first time to search for vendors and others who receive state funds. Updated daily and free of any login information, the site allows citizens to access a list of contracts of at least $25,000 in the open government section of this new Web site.

Proponent of Open Access and South Florida MLS Transparency!

Continue reading

Annual Hollywood Florida Historical Society Home Tour

This Sunday March 8th Hollywood Lakes will be holding their 8th annual Historical home tour.  The tour will feature a guided walk tour of six architecturally unique houses walking distance from one another and will feature antique cars and period music to set the scene at each home.  The event is from 1:00pm to 4:00pm starting at 1701 Monroe Street.

hollywood-lakes-wm5

For tickets and information visit Hollywood Lakes Historical Society 8th Annual Home Tour

Porto Vita-New Listing Aventura Florida

3101-ocean-dr-liv-night-wm-copy3101-ocean-dr-night-wm-copy

I just listed Porto-Vita unit #1701 in Aventura Florida.  Porto Vita is a luxury development in the heart of Aventura known for it’s luxury amenities and sophistication.  Centrally next to Aventura Mall and minutes to The Shoppes of Bal Harbour the location is hard to beat.

Quick Facts:

  • 4 Bedrooms
  • 6.5 Baths
  • Over 5,000 sq.ft.
  • Ocean, Intracoastal & Turnberry Golf Course views
  • List Price: $4,500,000

If you would like additional information about this unit or Porto Vita please feel free to contact  me.