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Category Archives: Press Release / News

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?

Aventura Lakes Real Estate Market Statistics

Aventura Lakes

Aventura Lakes Year to Date Real Estate Statistics

Number of current Active Listings: 17
Highest Priced Listing: $1,650,000 (4 Bedroom • 4 Bath, Approx. 2,910 sq.ft.)
Lowest Priced Listing: $499,000 Short Sale (4 Bedroom • 3 ½ Bath, Approx. 2,360 sq.ft.)
Number of Sales this year:
10
Pending Sales: 1
Highest Sales Price YTD: $873,000 (4 Bedroom • 4 ½ Bath, Approx. 3,320 sq.ft.)
Lowest Sales Price YTD:
$550,000 (4 Bedroom • 3 Bath, Approx. 2,432 sq.ft.)

Scott Patterson

Aventura Real Estate

*Information obtained from the Southeast Florida Multiple Listing Service

Harbor Islands Hollywood Florida Real Estate Market Statistics

Harbor Islands Hollywood Florida YTD Statistics:

Harbor Islands Single Family Home Market Statistics:

Number of current Active Listings: 26
Highest Priced Listing: $3,275,000 (Waterfront, 5 Bedroom • 7 ½ Bath, Approx. 7,219 sq.ft.
Lowest Priced Listing: $499,000 (Non-Waterfront, 3 Bedroom • 2 Bath, Approx. 1,592 sq.ft.
Number of Sales this year:
8
Pending Sales: None
Highest Sales Price YTD: $3,200,000 (Waterfront, 7 Bedroom • 6 ½ Bath, Approx. 5,721 sq.ft.
Lowest Sales Price YTD:
$440,000 (Non-Waterfront, 3 Bedroom • 2 Bath, Approx. 2,289 sq.ft.

Harbor Islands Townhouse Market Statistics:

Number of current Active Listings: 9
Highest Priced Listing: $1,099,900 (Waterfront, 3 Bedroom • 2 ½ Bath, Approx. 3,356 sq.ft.)
Lowest Priced Listing: $551,000 (Non-Waterfront, 4 Bedroom • 2 Bath, Approx. 2,402 sq.ft.)
Number of Sales this year: 5

Pending Sales: None
Highest Sales Price YTD: $815,000 (Waterfront, 2 Bedroom • 2 ½ Bath, Approx. 1,937 sq.ft.
Lowest Sales Price YTD: $448,000 (Non-Waterfront, 3 Bedroom • 2 Bath, Approx. 3,126 sq.ft.

To receive periodic information regarding the Harbor Islands Hollywood Florida community subscribe to my blog.

Scott Patterson
Phone: 954.661.8871

*Information obtained from the Southeast Florida MLS and Broward County Tax Records

Highest Sale Price Ever Recorded in Harbor Islands Hollywood Florida

The Highest Sale Price In Harbor Islands:

The Highest priced sale in Harbor Islands sold back in March of 2006 for $3,415,000 to a Russian buyer and is located in “The Estates” section of Harbor Islands with one of the largest lots in the community at 19,458 square feet making it nearly half an acre. Below are the details:

Highest Priced Sale “The Estates” at Harbor Islands

Address: 1200 Harbor Court Hollywood, Florida 33019
Sales Price: $3,415,000             
Sales Date: 3/20/2006
Bedrooms: 6
Baths: 6 ½
Square Footage:
5,466 sq.ft.
Price per sq.ft.: 625 per square foot
Lot size: 19,458 sq.ft.
Waterfront: Yes 
Description: Point Lot, Located on a fixed bridge

A total of 3 sales over 3 Million have been recorded in the Harbor Islands community, the two others are:

Address: 1466 Commodore Way Hollywood, Florida 33019 (Commodore Estates at Harbor Islands)
Sales Price: $3,200,000
Sales Date: 5/15/2008
Bedrooms: 7
Baths: 6 ½
Square Footage:
5,721 sq.ft.
Price per sq.ft.: 559 per square foot
Lot size: 14,028 sq.ft.
Waterfront: Yes
Description: Point Lot, over 147 of Water frontage & Dockage

Address: 1110 Hatteras Lane Hollywood, Florida 33019 (Harbor Pointe at Harbor Islands)
Sales Price: $3,150,000                                  
Sales Date: 7/10/2007
Bedrooms: 6
Baths: 7 ½
Square Footage:
5,942 sq.ft.
Price per sq.ft.: 530 per square foot
Lot size: 11,232 sq.ft.
Waterfront: Yes
Description: Point Lot on the Main Intracoastal Waterway & 137 of Water frontage

*Information obtained from Broward County Tax Records

If you would like to keep up to date on the Harbor Islands Hollywood Florida Real Estate Market Subscribe to my Blog.

Town of Golden Beach To Undergo Facelift

Golden Beach’s $14.5 Million Dollar Capital Improvement Project

Beginning the month of October Golden Beach will begin construction on their vision for beautifully landscaped, pedestrian friendly streets.  Safety and security.  The project is expected to last nearly 3 years and includes improving Ocean Boulevard with new five-foot sidewalks with concrete pavers and crosswalks, new landscape and lighting as well as 24-hour monitored infrared security system.  The project also calls for installation of new drainage systems and replacement of unsightly overhead utility lines with an underground system providing for a more attractive appearance.  The carefully planned project will be completed half-block at a time.  Improvements to the street include a new sidewalk, expanded driving lanes and new landscaping.  Although there will be some inconveniences the residents of Golden Beach believe it will be well worth it.

I am sure in 3 years Golden Beach will look like a new town and the more polished appearance will only increase Golden Beach’s Property values.

Scott Patterson

Golden Beach Real Estate

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

Housing Market Outlook By Homeservices Of America, Inc. a Berkshire Hathaway Affiliate

“Housing Is A Primary Goal for Americans”

Ron Peltier, President and CEO of the Holding Company, Homeservices of America Inc. speaks about the Nations housing and Lending situation. Homeservices of America, Inc. is a Berkshire Hathaway Affiliate which owns South Florida’s EWM, and the second-largest full service independent residential real estate brokerage firm in the country.

I think it is very important to listen to every indicator you can today and especially with successful people like Ron Peltier & Warren Buffet. Warren Buffet stated just a few weeks ago that until the US Housing Market stabilizes the world economy with continue to suffer. Berkshire Hathaway is one of the largest shareholders of Wells Fargo which is one of the few financial institutions that has been doing well and one of the few lending today.

Scott Patterson
South Florida Properties
Phone: 954.661.8871

City Of Golden Beach Florida News

Grand Opening of Golden Beach Florida’s Newly Renovated Beach Pavilion

The Golden Beach Pavilion project has been completed.  The Pavilion is a focal point of the town and is only for the use of Golden Beach residents.  Among the renovations to the revamped Pavilion are wireless internet access, new furniture, renovated restrooms, landscaping to the parking lot and a new facade.  Total renovation costs are estimated around $700,000.00.  The Grand Opening was held this past Sunday September 14, 2008.

Golden Beach Residents Have Access To A Private Beach

The Beach Pavilion can be reserved by residents for parties or special occasions and is located at the Strand and Ocean Boulevard.  The community of Golden Beach is one of the only ones to offer it’s residents and registered guests access to a private beach.  Many of the Golden Beach properties are located on the intracoastal and it’s waterways or directly on the Atlantic Ocean.