Aventura Florida Gated Communities
Below is a quick snapshot of the number of homes that sold in some of Aventura’s Gated Communities for 2008.
Category Archives: Aventura
Aventura Condo Real Estate Update
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
Hidden Bay Condo Aventura Florida Market Update
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 be
droom/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.
Porto-Vita Aventura Florida
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
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
City Of Hallandale Approves $85 Million Dollar Retail Project
Hallandale Square Project
600 E. Hallandale Beach Blvd.
The City of Hallandale recently approved plans for a five-story 380,000-square-foot retail project located at the southeast corner of Hallandale Beach Boulevard and Federal Highway (US 1). Hallandale Square will include approx. 320,000 square feet of retail, 28,000 square feet of restaurants, a 749 seat movie theater and open atrium. Developers estimate construction to begin late spring. The pedestrian friendly project will focus on environmentally friendly materials and design.
Whole Foods Market Coming to Hallandale Beach Florida
Whole Foods Market will be coming soon to Hallandale Beach Florida just around the corner from the waterfront community of “Golden Isles”. Whole Foods will be one of the anchor tenants along with Cobb Theaters for the Hallandale Square Project which is located just north of the $1billion mixed-use project , Village at Gulfstream Park. Currently there is an old shopping center where Tony Romas and The Knife restaurant are located along with other offices and retail.
Hallandale, Hollywood, Aventura and Golden Beach Seeing Fast Growth
Hallandale Beach Florida is changing fast and is yet another reason why I think the cities of Hallandale, Aventura, Golden Beach and Hollywood Florida along with sub-communities of Harbor Islands, Hollywood Lakes, Golden Isles, Presidential Estates, Aventura Lakes and Porto-Vita will be some of the key areas for growth and appreciation since they benefit from being “in the center of both market’s of Miami and Fort Lauderdale”.
You may access the City of Hallandale’s Current Development Activity List to find out about the major construction going on in the City.
Developers for Hallandale Square Project: Laura and Irwin Tauber principals of Taubco
Architect for Hallandale Square Project: Behar Font & Partners
Scott Patterson
Aventura Real Estate
Hollywood Florida Real Estate
Golden Beach Real Estate
Golden Isles Real Estate
Gated Single Family And Townhome Communities In Aventura Florida
Aventura Florida Real Estate Community YTD Market Report
Number of current Active Listings: 16
Highest Priced Listing: $1,650,000
Lowest Priced Listing: $499,000
Number of Sales this year: 8
Highest Priced Sale YTD: $873,000
Lowest Priced Sale YTD: $620,000
Number of current Active Listings: 3
Highest Priced Listing: $6,700,000
Lowest Priced Listing: $5,900,000
Number of Sales this year: 1
Highest Priced YTD Sale: $4,250,000
Lowest Priced YTD Sale: N/A
Number of current Active Listings: 6
Highest Priced Listing: $1,980,000
Lowest Priced Listing: $1,200,000
Number of Sales this year: 2
Highest Priced Sale YTD: $1,400,000
Lowest Priced Sale YTD: $915,000
Number of current Active Listings: 4
Highest Priced Listing: $640,000
Lowest Priced Listing: $588,000
Number of Sales this year: 1
Highest Priced Sale YTD: $660,000
Lowest Priced Sale YTD : N/A
Number of current Active Listings: 9
Highest Priced Listing: $1,999,000
Lowest Priced Listing: $949,000
Number of Sales this year: 2
Highest Priced Sale YTD : $1,126,000
Lowest Priced Sale YTD: Not Disclosed
Number of current Active Listings: 3
Highest Priced Listing: $899,999
Lowest Priced Listing: $735,000
Number of Sales this year: 5
Highest Priced Sale YTD: $970,000
Lowest Priced Sale YTD: $720,000
Number of current Active Listings: 15
Highest Priced Listing: $3,250,000
Lowest Priced Listing: $999,000
Number of Sales this year: 5
Highest Priced Sale YTD: $3,200,000
Lowest Priced Sale YTD: $900,000
Number of current Active Listings: 4
Highest Priced Listing: $3,700,000
Lowest Priced Listing: $1,999,000
Number of Sales this year: 0
Highest Priced Sale YTD: N/A
Lowest Priced Sale YTD : N/A
Number of current Active Listings: 1
Highest Priced Listing: $2,850,000
Lowest Priced Listing: N/A
Number of Sales this year: 0
Highest Priced Sale YTD: N/A
Lowest Priced Sale YTD: N/A
Scott Patterson Aventura Real Estate
Phone: 305.466.3070
*Data courtesy of MLS
Premier Waterfront Communities In Aventura, Golden Beach, Sunny Isles, Hollywood and Hallandale
South Florida has much to offer from cultural diversity, fine dining, beautiful beaches, vibrant nightlife, great weather and the best boating in the US. We are surrounded by water and there is no better way to take advantage of Sunny Florida than owning a piece of premier South Florida waterfront real estate. The Intracoastal waterway shaped South Florida and made it the boating capital of the world “America’s Venice” and navigating the waterway offers the best way to see South Florida from a different perspective.
Waterfront Communities In Hollywood, Hallandale, Sunny Isles, Golden Beach and Aventura!
Hollywood: Harbor Islands & Hollywood Lakes
Hallandale: Golden Isles
Sunny Isles: Golden Shores & Golden Gate
Aventura: Island Estates, Porto Vita & Williams Island
Thinking of Buying a South Florida Waterfront Property?
What you should consider when thinking about buying a home in South Florida?
1. Are you a boater or are you considering purchasing a vessel in the near future?
2. What is the water depth at the property? The deeper the better and easier it will be for larger vessels to navigate since they usually draw more water. I recommend a minimum of 5 feet low-mean tide. Be sure you know – “What’s the draft of your vessel or future vessel?”
3. Are there any fixed bridges in your area you will be navigating? If so, what is the clearance/height at high tide? Many times fixed bridges are tall enough for about any vessel to get by.
4. Location to the ocean cut, in other words how far will it take you if you have a vessel to get out to the ocean via the inlet.
5. How wide is your dock and the canal, will the length of your dock meet your vessels overall length? Also, typically the wider the canal the more privacy you will have.
6. Is the property located in a wake zone or no wake zone?
7. For the most part, South Florida properties offering open water views have the steepest price tags for obvious reasons like the alluring views and privacy but are not always great in terms of docking your vessel at the property due to the rough seas & wakes from other vessels.
8. Does it have a dock with the correct services: 30, 50 or 100 amp service, water, cable and telephone?
9. Most importantly, is your seawall and dock deeded to your South Florida property?
Owning a Piece of South Florida Paradise Can be Yours!
All and all you almost can’t go wrong buying waterfront properties in the South Florida communities of Aventura, Golden Beach, Hallandale, Hollywood and Sunny Isles. It is one of South Florida’s biggest draw and with no more land being created, it is truly owning a piece of paradise. Money goes to Water!
Are You an Avid South Florida Boater?
What other features or characteristics would you add to this list?
Thanks for the feedback!
Scott
Big Brother Is Watching Us in Aventura
A Friendly Tip from Scott Patterson – Your Aventura Real Estate Agent!
Aventura, Hallandale, Hollywood, Golden Beach and all South Florida drivers driving through Aventura should be aware that new “unmanned cameras” have been installed to promote compliance with red light traffic signals. I actually discovered the traffic cameras the other day as I was on my way with a client to show him a couple of Aventura real estate listings.
Where to Find those Sneaky South Florida Red Light Cameras
The cameras will photograph and automatically send a notice of violation to South Florida motorists who run red lights on the corner of Biscayne Boulevard & Aventura Boulevard as well as Country Club Drive & Aventura Boulevard.
Your Grace Period Will Soon Be Up!
During the first 90 days the system is activated, violators will receive a warning in the mail. These two intersections are just the beginning. More South Florida intersections have been targeted for traffic cameras, so take heed.
This is a helpful reminder to all – please drive carefully in our South Florida neighborhoods!
Until my next post,
South Florida Real Estate is Truly International!
[youtube:http://www.youtube.com/watch?v=4xNv9riGf2A]
South Florida truly is an international melting pot, and these new Scott Patterson client’s in the video are from six different nationalities including France, Nicaragua, Canada, Greece, Italy and of course, the USA. This video was shot with our client’s friends and family while they were visiting their new waterfront property in the Hollywood Lakes area in Hollywood, FL. The other clients purchased a waterfront Hallandale property in the Hallandale gated waterfront community of Golden Isles that they plan to totally remodel. Combined, these international buyers purchased 3 South Florida properties valued at almost $5 million.