All posts by Scott Patterson

Hassan Whiteside Possibly Buying A New Home In South Florida This Year

access_timeJuly 6, 2016personScott Patterson

Miami, Florida- Basketball season is out and the news is in. According to Bleacher Reports article and various other news sources, major basketball star Hassan Whiteside signed a four-year maximum deal with our very own Miami Heat. His new contract will be cashing in a whopping 98 million. WOW. You heard right, 98 million! That is a total of one hundred times more than his current Heat contract. With that being said, Whiteside is expected to put that money to good use and what’s better than real estate, right? There is a plethora of pricey real estate options for him to purchase here in South Florida. Currently, he resides in a two bedroom at 900 Biscayne but will he opt for a more lavish waterfront home? Or chose to stick to the high-rise lifestyle? Heat fans, I want to hear how well you know Whiteside!

Open House 524 Palm Dr. Hallandale FL

access_timeJune 10, 2016personScott Patterson

524 Palm Dr. Hallandale Beach, FL is in the sought after waterfront community of Golden Isles. This updated home boasts 4 bedrooms, 3 1/2 bathrooms, 2 car garage, all impact windows / doors and all under 3000 sq. ft. From the luxurious waterfront backyard to the dine-in chefs kitchen, look no further than this home. With its covered patio and gourmet summer kitchen it caters to the most picky client and is a boater paradise with deep water and no fixed bridge.

Please feel free to come and visit our Open House Sunday June 12th from 2pm – 4pm. See you there !

NEW LISTING AT TURNBERRY OCEAN COLONY

access_timeJune 8, 2016personScott Patterson

MAGNIFICENT views from this direct ocean 15th floor apartment. Turnberry Ocean Colony is located in Sunny Isles Beach just south of Golden Beach and north of Bal Harbour. These neighboring cities are part of Miami-Dade county in South Florida. Turnberry Ocean Colony feature’s two 37-story towers and is one of the most exclusive and established oceanfront developments in Sunny Isles Beach . Each tower includes 130 residential units with Intracoastal and ocean views.

Unit Features:

Private elevator access
2 bedrooms and 2.5 bathrooms
Wrap around balcony
Covered and valet parking
East direct ocean exposure
Top of the line appliances
Marble floors all through the unit

Building Features:

35,000 sq ft. Private beach club
650-ft of pristine white sandy beaches
Two pools
Spa and fitness center
Personal trainers
Private cabana’s available
restaurant and bar
World class concierge and security

This exclusive apartment is priced to SELL! Call me today for more information and to schedule your private showing.

Marina Palms Luxury High-Tech Marina

access_timeJune 2, 2016personScott Patterson

Marina Palms, North Miami Beaches’ newest addition to the city’s rapidly growing construction boom has opened its marina for business this week. The condo towers feature 468 unit ranging from 1-3 bedrooms. The Marina features 112 boat slips able to cater to boats up to 100 feet. Another key component to the marina’s unparalleled service is a full sundry store open to the public, and of course a high speed fuel point. Residents may enjoy the membership to a private boating club right from the marina ( pricing and availability may vary).

North Miami Beach, A city at the northeast point of Miami-Dade county Florida, is proud to be the home to the new Marina Palms Luxury Residences and Marina. The project will be fully completed by mid 2017 with only now the completion of the south tower which has just topped off. The history behind the location and the way that they incorporated it into the project really sets it apart from some of the other new construction in the area. An amazing article can be found here that gives you a detailed historical background on the area and the specific location of the project itself. Welcome to the new Miami everyone!

THE ARK OF GOLDEN BEACH GOES UNDER CONTRACT!

access_timeMay 23, 2016personScott Patterson

One 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

access_timeMay 17, 2016personScott Patterson

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!

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.

Foreign Investors in the Miami Luxury Real Estate Market are Dwindling

access_timeApril 28, 2016personScott Patterson

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

According 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 Deal, have 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.

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

access_timeFebruary 23, 2016personScott Patterson

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

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!

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!

access_timeJanuary 8, 2016personScott Patterson

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

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!

access_timeNovember 17, 2015personScott Patterson

We 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,

But 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

What’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?

If 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