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All posts by Scott Patterson

What’s Selling In Hollywood Lakes Florida In 2009

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Since the beginning of this year there have been 9 closed sales with 3 being over $500,000 in the Hollywood Lakes, Hollywood Florida Area.  The statistics for the 3 closed sales over $500,000 are below.  This time last year there were only 3 closed sales all under $500,000, volume of sales are up.

My listing 915 N. Southlake Drive closed last Friday for $2,461,000 the listing price was $2,750,000.

915 N. Southlake Drive:  5 Bedrooms, 6.5 Baths, 100′ on the water & approx. over 5,700 sq.ft.

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940 N. Northlake Drive: 5 Bedrooms, 4 Baths, Waterfront & approx. over 4,000 sq.ft. SOLD FOR $1,324,000 on 2/5/2009

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1109 Hollywood Blvd. : 4 Bedrooms, 3 Baths, approx. over 2,300 sq.ft. SOLD FOR: $550,000 on 2/2/2009

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View all the active listings in Hollywood Lakes in Hollywood Florida

Golden Pointe Aventura Florida

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Golden Pointe

Golden Pointe in Aventura Florida is a gated waterfront community of only 78 townhomes bounded by the Intracoastal and Waterways marina. The townhomes are 2 or 3 stories and range between 1,900 to 2,800 sq.ft.

The idyllic location is just walking distance to the Waterways shops, market, restaurants, post office and place of worship.  Community and location is hard to beat just minutes to Aventura Mall.

Visit my website for detailed information on the Golden Pointe of Aventura community

Aventura Condo Real Estate Update

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2009 Aventura Florida Condo Re-sales

As the first month of the year comes to a close I thought we would look at the Aventura condo closed re-sales so far this year.  As of right now there have been a total of 35 condo re-sales in Aventura.  Out of these 70% of the condo re-sales have been under $300,000.  Below is a list of the condo re-sales over $300,000 so far this year.

  • Bellamare @ Williams Island condo unit#808 4BR, 4.5BA sold for $1,325,000
  • The Peninsula condo unit #1104 2BR, 2.5BA sold for $720,000
  • One Island Place condo unit #1201 2BR, 3BA sold for $684,000
  • Hidden Bay condo unit #2015 3BR, 2.5BA sold for $490,000
  • The Point North Tower condo unit# 1810 3BR, 2BA sold for $460,000
  • Aventura Marina condo unit #1717 2BR, 2BA sold for $399,900
  • Hamptons West condo unit#2111 2BR, 2BA sold for $395,000
  • Turnberry Village condo unit#601 2BR, 2BA sold for $375,000
  • The Parc Turnberry Isle condo unit#1432 2BR, 3BA sold for $350,000
  • Williams Island 4000 Bldg. condo unit#804 2BR, 2BA sold for $325,000

Search for active condo listings in Aventura

Photography in Real Estate “A Picture Is Worth A Thousand Words”

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The old saying rings true “A Picture Is Worth A Thousand Words” and when it comes to listing your property and showcasing it the best way possible, photos are an essential tool in the marketing mix of your home.  With over 85% of buyers beginning their search for properties on the internet it goes without saying that the quality and number of photos are of the essence.  I have shared with you in this post a small sample of some of my listing photos.

My photographer Luis Travieso has been photographing my listings for the past 10 years and he has a pretty elaborate set-up with lenses, flashes and etc. , he has also shot my aerial photos.  A significant part of my advertising dollars is set aside for listing photos with the average cost of listing photos from $550.00 to $1,000 depending on size/square footage of property while aerials range in upwards of $2,000 and I strongly believe in consistency and high quality images.

The image of your property will be the first impression a buyer while get while browsing for homes on the internet and it is therefore among other things why it is so important to be particular about the quality of the images.  Sellers understand that it might take a couple of rescheduled shoots until the weather cooperates.

I always say if you have poor quality and gloomy photos it translates into having a poor quality and gloomy home as far as the internet is concerned.

Hidden Bay Condo Aventura Florida Market Update

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There are 3 towers that make up Hidden Bay in Aventura Florida.  There are currently a total of 58 units on the market ranging in price from $179,000 for a 1 bedroom/1 bath to $2,100,000 for a two-story 3 bedroom/3 Bath tower suite.

In the past 90 days there have been 3 closed sales a 2 bedroom/2.5 bath for $420,000 a 3 bedroom/2.5 bath for $420,000 and a 4 bedroom/4.5 bath for $850,000.

Hidden Bay offers a 66-slip private marina, tennis courts, golf course, clubhouse and fitness center and overlooks the ocean and intracoastal waterway and is located in Aventura Bay (Dumfoundling bay).

Hidden Bay is just minutes from my office in Aventura and next to 12-Acre Founders Park and two minutes to Aventura Mall.

See Properties For Sale In Hidden Bay

Please visit Aventura Real Estate for additional information.

Where Do Buyers For Golden Isles Hallandale Florida Come From?

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Where Did The Buyers Come From??

France

Slovenia

U.S. (Miami)

U.S. (New Jersey)

Canada

Golden Isles Year In Review

Golden Isles is a gated waterfront single family home community with approximately 307 homes.  In 2008 there were a total of 10 sales in Golden Isles.  The lowest sales price was $500,000 and the highest sales price was $1,649,000.  I am very active in this community and sold 50% or 5 of the sales in this community in 2008 including the 2 sales mentioned above.  Clients often ask me “Where will the buyer for my house come from”? and although I don’t have a crystal ball, I do know where 50% of the buyers for this Golden Isles Waterfront community came from and even though this community is a small part of South Florida it is still a good representation of how international South Florida truly is.

Golden Isles Active Listings

Active Listings: 31

Highest Priced Listing: $4,999,000

Lowest Priced Listing:  $769,900

Porto-Vita Aventura Florida

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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.

Changes to Insurance Regulations Impact South Florida Condo Owners

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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?

If you currently own a condo in Aventura, Hallandale, Hollywood, Golden Beach or any other community in South Florida, these changes will impact you. If you have questions about these changes you may leave a question/comment here or email us at JHolz@atlassinsurance.com or scott@scottpatterson.com.

Guest post written by Janise Holz

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