What Makes Scott a Hands-On Real Estate Expert

When you’re looking to buy or sell a home in South Florida, it’s crucial to work with an agent that offers more than just superior service. In a recent article for Aventura Magazine, Scott Patterson took the time to discuss his hands-on approach to real estate, as well as what makes him different than other agents.

Learn More About the Market and Scott Patterson

As the world continues to navigate the ongoing global health crisis, the real estate industry has gone through some pretty drastic changes. However, local expertise, longevity in the market, and decades of experience have given Scott the ability to support his clients’ shifting needs.

Here’s what Scott had to say about his own illustrious career and how the South Florida market has changed since the spread COVID-19.

How did Scott start his career?

Scott pointing at a graphic

Although he originally hails from Tennessee, Scott has lived in the Miami area since 1996, which is also when he started his career with EWM Realty. It’s rare to see any agent remain with the same brokerage for so long, but Scott believes that it’s a testament to his commitment and dedication.

Scott’s firm, an affiliate of Berkshire Hathaway, is also considered to be one of the globe’s top international companies. When clients see the recognizable name and branding, they immediately know they’re working with someone they trust.

What makes him different than other agents?

Talking at a table

Scott prides himself on being involved in every aspect of a sale, whether he’s selling a waterfront condo in Hollywood or a $15 million estate in Stuart. And when you work with Scott, it’s about more than just closing a transaction—he thrives off of building relationships with clients that last a lifetime.

“When you hire me, you get me…I truly enjoy the entire process from the initial meeting until the closing and beyond…” says Scott. “[this] has organically created a loyal client base.”

How’s the market right now?

Florida high rises

Despite the fluctuating economy and stock market, it’s still possible to make a move here in South Florida. When asked about the current state of the market, Scott noted that he saw a dip in international sales, but a rise in buyers from major metro areas like New York and Chicago.

Many buyers believe that living in a warmer climate can help combat the spread of COVID-19. However, the South Florida lifestyle also offers a level of coastal luxury that you won’t find anywhere else, especially if you love to boat, golf, or take in the natural surroundings. This makes it an attractive destination for just about anyone!

Will there be any other changes?

Scott selling Florida homes

South Florida’s real estate market will likely see even more changes during the next few months. Scott predicted that single-family home sales will begin to rise, and certain desirable features will dominate the market.

More outdoor space, a larger home office, more square footage, and a large backyard are now at the top of many buyers’ wishlists. So if you’re thinking about selling soon, you may want to catch up with the latest trends and update your space accordingly.

Ready to Take Your Next Steps?

Don’t trust just any agent to help you buy or sell your South Florida home! The Scott Patterson Group has all the tools you need to get top dollar or find your perfect place, so just let us know if you have any questions.

Still on the fence about making a move? Check out our team’s achievements and reviews to see what we bring to the table.

The Aventura Mall Expansion Is Underway

Aventura, FL – The beautiful city of Aventura is not only a great place to live in the many communities such as Porto Vita, Island Estates, Aventura Estates and also play golf at The Turnberry Isle Resort & Golf Club but the city is known for one of the nations largest and highest grossing luxury shopping malls in the US., “The Aventura Mall”. To many of us, it has become not only a convenience but staple of our Lifestyle.

The Aventura Mall not only has some of the best shopping around, its also has great restaurants, a movie theater, and an Equinox Gym. Well, if anyone is wondering what all the construction is on the east side of the mall, you can bet it’s going to be big. The new expansion of the mall includes a 315,000 sq. ft. retail wing and parking garage along with a host of destination restaurants and a new state of the art food court.QE5oWH2 Starting to sound good to you isn’t it? To top it all off, renderings have revealed plans for a new Tesla store to be included in the expansion. Let me know what stores you would want to see be included in the expansion in your comments below!

– Scott

Marina Palms Luxury High-Tech Marina

thumbnail_Marina Palms Marina

 

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!

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

"luxury leader 2015" banner for EMW Realty International

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

a sales graph comparing EWM Realty International with other top producers in the Miami-Dade real estate luxury market

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!

infographic showing number of luxury transactions and average listing price per home

 

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!

 

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

2200 N Ocean Dr_08

 

For more information contact me at scott@scottpatterson.com or visit my website www.scottpatterson.com

Until next time,

Scott

Buying or Selling A $1M Plus Home? EWM in South Florida is Your Expert Resource!

graphic for scottSome South Florida real estate agents close a $1 million home transaction once in a blue moon. And others, like EWM in South Florida, make it a core part of their business model.

Who would you rather work with when buying or selling YOUR $1 million plus home?

It is with great pleasure that we report to you that EWM was recently recognized as THE leading luxury brokerage in Miami-Dade and South Broward counties for listing single family homes over $1 million.

So what exactly does it take to hold this distinguished position in the region? It means:

  • Selling a $1 million plus residence every 13 hours
  • Closing 335 transactions in excess of $1 million each during the first six months of 2015
  • Selling homes at an average sales price of $2,559,020
  • And completing a total of $857 million in luxury sales between January and June of 2015.

Now that we’ve told you what we’ve done to get this distinction, we want to take a moment to share with you how we provide the most excellent luxury home sales services in South Florida.

What We Provide For You as a Luxury Home Seller

When you work with us as a home seller, we will work tirelessly to ensure that your home is being marketed to interested and qualified home buyers and that it fetches the highest price possible on the market.

Some of the specific tools we offer include our marketing plan for sellers, tips for showing your property and tips for pricing your property.

We also offer you access to our valuable home selling blog!

What We Offer to Our Luxury Home Buyers

As a home buyer, we will search high and low for the ideal South Florida luxury home for your lifestyle and price range.

Plus, in addition to thoughtful advice, some of the valuable resources we offer to our buyers online include a guide to South Florida communities, Buyer FAQs and School Information.

20 Most Recently Listed EWM Estates For Sale

Start Working With An Award-Winning South Florida Team Today!

As you can see, when it comes to luxury real estate in South Florida, no one knows it better than our expert agents at EMW!

Thus, when you’re ready to enter the market as a buyer or seller, be sure to connect with us!

Until next time,

Scott

Sears Proposes Replacing Aventura Mall Store with Village

aventura renderingA major redevelopment could be on its way to Aventura, Florida, according to a recent article I was reading.

Evidently, Sears recently submitted a development proposal to the City of Aventura. In that proposal, Sears is recommending replacing its current store location at Aventura Mall with a little village.

This village would be comprised of retail, office and even hotel space.

Currently, Sears occupies two stories at Aventura Mall. But under the new plan, Sears would only occupy 20,000 square feet within the 250,000-square-foot village.

Developers want to call the project “Esplanade at Aventura.” If it is approved, industry analysts are already saying it would be better than the existing Piazza at Aventura Mall where Cheesecake Factory is located.

What Do You Think About Sears’ Plans?

Do you think it would be a good addition to the mall? Do you think it’s a wise business decision on the part of Sears? Would you rather see Sears stay the way it is?

I would love to hear your thoughts!

I’ll also make sure to keep you posted as these proposed plans go forward.

Meanwhile, if you’re considering entering the market anytime soon as an Aventura home buyer or home seller, make sure to contact me, Scott Patterson.

I’m your dedicated South Florida real estate expert and I will work hard to get you the results you want on the local housing market in Aventura!

3 Reasons Why You’ll Love My New Hollywood Florida Home Listing

HollywoodAre you the kind of South Florida home buyer who is unsatisfied with anything less than stellar? If so, then you should definitely check out my new listing on the Hollywood Florida real estate market.

This breath-taking property, located at 1295 Hatteras Lane, features an incredible 4,930 square feet of living space, including 6 bedrooms and 6.5 bathrooms.

Listed at $2,350,000, this home is a top-notch home on the South Florida real estate market.

Top 3 Reasons Why This Home Is Catching The Eyes of Buyers

Hollywood2Here are three of the best features you’ll find in this gorgeous estate home:

  • A gourmet kitchen with granite counter tops and top-of-the-line appliances
  • An excellent location within the Harbor Islands subdivision of the Harbor Pointe community, which is well known for being family-friendly and community-oriented.
  • A spacious and lushly landscaped lot that includes a heated pool and spa, a barbecue area and a fabulous 1 bedroom/1 bathroom guest house.

Other excellent amenities you’ll enjoy when you purchase this home include:

  • Custom entry doors
  • Volume ceilings
  • Custom finishings
  • Impact windows and doors

Hollywood3Built in 2006, this home also features luxurious marble flooring throughout.

Plus, thanks to your location within Harbor Point, you’ll enjoy such fine community recreational amenities as:

  • Boat facilities
  • Community Clubhouse
  • And more!

Meanwhile, it’s Hollywood address means you’ll live in one of the most elite communities on the South Florida real estate market. This puts you within minutes of such fine amenities as upscale boutiques, 5-star restaurants and so much more.

What Are You Waiting For? Request A Showing of This Hollywood Home Today!

Hollywood4If this sounds like the kind of home that you could envision yourself living in, then please contact me, Scott Patterson, your dedicated South Florida REALTOR.

I would love to assist you by answering any questions you may have and also scheduling a home showing of this property.

Until next time,

Scott

Build The Home of Your Dreams in Hollywood, Florida

Interested South Florida home buyers navigating the market have the rare opportunity to build the home of their dreams in Hollywood, Florida.

This is a unique and rare large waterfront lot, located at 1010 S. Northlake Drive, in the Hollywood Lakes section, this property is 85-feet-by-228-feet, which equates to about a half acre.

If you’re interested in living in South Florida but want the freedom to build your own home, this may be the perfect opportunity for you!

Hollywood, FL Real Estate For Sale

101 Southlake HollywoodThis lot in Hollywood Florida already has plenty to offer interested buyers.

This property features a new seawall and dock. It also boasts a desirable location with Hollywood Lakes, which is a popular and idyllic neighborhood.

What’s more, this property is located on S. Northlake, giving residents access to a sizeable lake that offers expansive water views. It’s great for privacy as well!

And here’s another bonus to living on Northlake: this body of water leads directly to the Intracoastal Waterway, with continuing access to the Atlantic Ocean. And with no fixed bridges along the way, it will be smooth sailing for you if you decide to spend an afternoon on the water.

Centrally-located in Hollywood, this property is also conveniently situated between all of the amenities that Fort Lauderdale and Miami have to offer.

Other amenities within walking distance include:

  • Hollywood Beach
  • Young Circle
  • Dining amenities
  • Shopping attractions
  • And more!

Plus, Hollywood-Fort Lauderdale International Airport is just a short distance away!

Helping You Invest in South Florida

If you’re interested in purchasing this beautiful lot in Hollywood, please make sure to contact me, Scott Patterson, your dedicated South Florida REALTOR®, today.

I’d love to answer any questions you may have as well as help you schedule a showing of the property.

Get a sneak peek now by checking out my aerial video of the property above!

Until next time,

Scott

How the 3.8% Real Estate Tax for South Florida and the U.S. Really Works

South Florida home salesRecently, the National Association of REALTORS® released a helpful statement about how health care reform does and does not affect real estate taxes.

Evidently, rumors have been circulating for months that the law contains a 3.8 percent tax on real estate.

In fact, the NAR has said that the tax does not target real estate and will likely not affect most home sales. That’s because this tax will only affect high-income households who experience substantial financial gains after an asset sale (including a home sale).

The National Association of REALTORS® went on to say that the tax would likely only affect 2 to 3 percent of home sellers.

Dispelling Rumors on the Real Estate Tax

Here’s what else the National Association of REALTORS® wants you to know about health care reform and how it affect real estate taxes:

The tax will affect few home sellers because there are a lot of criteria that must be met first for the tax to apply

  • First, the home sale gain on the principal residence must be greater than the $250,000 to $500,000 capital gains exclusion that’s in effect today. Please note, this says gain and not sales amount. Thus, it’s a pretty substantial profit margin.
  • Second, those homes that do see a gain of more than $250,000 to $500,000 (specifically $250,000 for single filers and $500,000 for joint filers) need only count the amount above the exclusion into the tax calculation. This would still only apply to high income households, which is defined by law as single people earning $200,000 a year. For joint filers, that figure is $250,000 a year.
  • Once that value is plugged in and if it’s seen as taxable, then the amount could be subject to a 3.8 percent tax.
  • Although the tax took effect in 2013, any impact on taxes would not happen until 2014 because the tax filer would do the calculation in 2014 for the 2013 tax year.
  • Finally, because this is not considered a tax on a real estate sale but rather on a capital gain, it would not be calculated at the time of closing. Rather it would be calculated at the time the individual files his or her taxes.

Of course, it’s important to check with a professional tax preparer about your specific situation but this is generally how the tax works.

Your Dedicated South Florida REALTOR®

Hopefully you now have some added clarity on what the health care reform tax on real estate does and doesn’t’ do.

For more information on this recent change as well as some perspective on how it may affect you as a South Florida home buyer or seller, make sure to contact me, Scott Patterson.

I will be more than happy to assist you with all of your South Florida real estate needs in such communities as:

  • Aventura, Florida
  • Hallandale, Florida
  • Sunny Isles, Florida
  • And others!

Until next time,

Scott