Below is a list of the 4 price reductions in Hollywood Lakes in the past 30 days listed over $500,000.
Northlake and Southlake
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Category Archives: Hollywood Lakes
Hollywood Lakes Waterfront Bank Owned Property Goes On Market For Extremely Low Price Of $445,500
[youtube:http://com/watch?v=G_V2rY4j47c]
This week Washington Mutual placed 1007 S. Northlake Drive in Hollywood Lakes on the market for a staggering low price of $445,500. I sold this property for $2,150,000 in June of 2005 (the peak of the market). Most of the properties value is in it’s premier lot size 100′ x 234′ (half acre) on the water and at this price it’s a definite give away, the only drawback is the home more than likely cannot be torn down since it has historic value to the neighborhood and is located in a Historic Preservation area. The property had over $60,000 dollars of code violations from the previous owner due to commencing work without permits.
My client placed a $500,000 cash offer (50K over asking price), when I called the agent they stated they had multiple offers on the table, which is often the case with Bank Owned properties and that they would be making a decision within the next 48 hours, my clients offer was eventually rejected as a higher offer was accepted but whoever won the bid got an incredible deal.
Hollywood Lakes is an eclectic neighborhood just minutes from Hollywood Beach that is comprised of two lakes “Northlake and Southlake”, they are connected to the Intracoastal Waterway with unsurpassed views from either lake.
2005 Photo
2009 Photo
Hollywood Boulevard Improvement Project Has Begun
On April 30th the City of Hollywood Florida commenced the long awaited Hollywood Boulevard Improvement Project. The project will take nearly a year to complete and it’s main objective is to construct a median that will prevent direct crossing from north to south along the Hollywood Boulevard which has caused numerous accidents over the years. The landscaped median will be 19 feet wide and will span from the Intracoastal Bridge (recently renovated as well) to Downtown Hollywood, the project will also focus on improved drainage. The Hollywood Lakes community will definitely benefit from the project which in addition to preventing direct crossing along Hollywood Blvd. will also add to the neighborhoods aesthetic appeal.
I went down to Hollywood Blvd. to capture the work in progress!
[youtube:http://www.youtube.com/watch?v=JeNx0KPbUeU]Real Estate Report: What’s really happening in the market?
Check out this month’s issue of the Aventura Magazine. I and other experts weigh in on the South Florida Real Estate Market including the local markets of Golden Beach, Golden Isles, Aventura, Hollywood Florida and the surrounding areas.
Read the Article
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.
For tickets and information visit Hollywood Lakes Historical Society 8th Annual Home Tour
What’s Selling In Hollywood Lakes Florida In 2009
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.
940 N. Northlake Drive: 5 Bedrooms, 4 Baths, Waterfront & approx. over 4,000 sq.ft. SOLD FOR $1,324,000 on 2/5/2009
1109 Hollywood Blvd. : 4 Bedrooms, 3 Baths, approx. over 2,300 sq.ft. SOLD FOR: $550,000 on 2/2/2009
View all the active listings in Hollywood Lakes in Hollywood Florida
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
Hollywood Lakes Florida Largest Estate
Hollywood Lakes largest estate was built in 2001 and is located on Northlake at 900 S. Northlake Drive. The lot is over 1 Acre, around 48,000 sq.ft. making it one of the largest lots on either lake and the home is approximately 15,000 sq.ft. with 9 Bedrooms, 9 Baths, 4 half baths and a separate 1,800 sq.ft. guest house. The corner lot offers open water views along the 450ft. of seawall.
The home is currently listed for $14,900,000.00
Southlake & Northlake
Hollywood Lakes is a waterfront community centrally located minutes to Hollywood Beach Florida, Hollywood/Ft. Lauderdale Airport and many local attractions.
Scott Patterson
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Marketing Hollywood Florida Real Estate with High-Tech Tools
In today’s competitive Hollywood, Florida real estate market, home sellers deserve the absolute best in terms of property visibility. You really do deserve the most sophisticated marketing plan for your South Florida property. And sophisticated South Florida buyers are targeting Golden Beach, Hallandale, Aventura and Hollywood luxury neighborhoods with pinpoint accuracy. How is this possible?
National Websites & Smart Phone Tools for South Florida Home Buyers
While it’s important for a South Florida real estate agent to provide typical neighborhood information like 
area maps, easy to use South Florida MLS property search tool, offer neighborhood information and hyper-local market stats on their personal websites, tech-savvy buyers are using even more creative resources to access South Florida neighborhood listings. In addition to my personal South Florida real estate website at BuySouthFlorida.com, a few of the creative ways I make sure your listing is exposed to the masses includes the use of high-traffic national websites, smart phone applications and of course, this South Florida real estate blog.
Creative Hollywood, Hallandale, Aventura, and Golden Beach Property Marketing Strategies
Below are a few strategies and tools used to market your Hollywood, Aventura, Golden Isles or Golden Beach property.
What Do You Expect?
What other creative marketing tools and strategies would you expect to see take place if you were to place your South Florida home on the market?
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
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