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Aventura Lakes Real Estate Market Statistics

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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 Waterfront Community in Hollywood Florida

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Harbor Islands Hollywood Florida

Harbor Islands is the only gated waterfront community in East Hollywood Florida.  This 192-acre, gated community is composed of waterfront estates, executive homes and distinctive townhomes.  Within Harbor Islands there are a total of 8 sub-communities, which include Edgewater, Harborside, Harborview, Grand Harbor Estates, Harbor Pointe, Commodore Estates and Admiral’s cove.  Amenities such as Grand Clubhouse, Logger Head Club and 90-Slip Marina, Tennis Center, 20-Acre Park with biking and jogging trails are all at your doorstep when you choose Harbor Islands as the place to call home.

Harbor Islands Real Estate And Sub-Community Information

Admirals Cove at Harbor Islands:

This community within Harbor Islands offers 48 luxurious townhomes and villas in the price range of $500,000 to 1,000,000.  The floor plans of the residences, built between 2002-2004, range from 2,150-3,290 square feet and include 3-4 bedrooms with 2.5-3 bedrooms and 1-2 car garages.

Commodore Estates at Harbor Islands:

Commodore Estates within Harbor Islands offers 29 luxurious two-story Mediterranean-style homes in the price range of $1,475,000 to $3,200,000.  The floor plans of the residences, built between 2000-2004, range from 3,700-4,875 square feet and include 4-6 bedrooms with 4-6.5 bathrooms and 2-3 car garages.

Edgewater at Harbor Islands:

Comfortable living exists in 139 residences within Edgewater, in Harbor Islands. This is a truly executive retreat, from the residence 6’ privacy wall and 8’ village wall to the underground utilities, leaving the streets beautiful and uncluttered. Potential residents can choose from a variety of one and two-story floor plans priced between $450,000 to $1,350,000, with approximately 30% of them waterfront. The floor plans of homes, built between 1996-2000, ranges from 1,500-4,000 square feet and include 2-5 bedrooms with 2-4 bathrooms.

Grand Harbor Estates at Harbor Islands:

Grand Harbor Estates offers you the advantage of living in one of the newest communities in Harbor Islands. It is also one of only two communities within Harbor Islands that offers direct Intracoastal waterfront access with deeded docks as well as non-waterfront homes. Residents can choose from 39 luxury Hollywood, Florida residences in the price range of $1,400,000 to $3,400,000. The floor plans of the residences, built between 2003-2006, range from 3,700-5,500 square feet and include 4-6 bedrooms with 3.5-6.5 bathrooms and 2-3 car garages

Harbor Pointe at Harbor Islands:

The newest community in Harbor Islands, Harbor Pointe, is only one of two that offers deeded docks direct Intracoastal waterfront. This community within Harbor Islands offers 28 luxurious two-story Mediterranean-style homes in the price range of $1,900,000 to $3,200,000. The floor plans of the residences, built between 2002-2006, range from 3,700-6,700 square feet and include 4-6 bedrooms with 4.5-7.5 bathrooms and 2-3 car garages.

Harborside at Harbor Islands:

Live in one of the largest waterfront communities within Harbor Islands at Harborside. Potential residents can choose from 86 waterfront & non waterfront one and two-story floor plans in the price range of $1,000,000 to $3,000,000. The floor plans of the residences, built between 1999-2001, range from 3,000-6,600 square feet and include 3-5 bedrooms with 2.5-4.5 bathrooms and 2-3 car garages.

Harborview at Harbor Islands:

Harborview at Harbor Islands is a Mediterranean-style townhome community containing 84 townhomes and villas with interlocking brick paver driveways, entry walks & patios in custom-blended shades as well as street address plaques composed of ceramic. Potential residents can choose from a variety of waterfront and non-waterfront one and two-story floor plans priced between $485,000 and $1,200,000. Some have deeded docks, while others have street or poolside views. The floor plans of the townhomes and villas, built between 1999-2001, range from 1,770-3,350 square feet and include 2-4 bedrooms with 2-3.5 bathrooms and 1-2 car garages.

The Estates at Harbor Islands:

The most exclusive waterfront living in Harbor Islands, this is why it is named  The Estates. It is very seldom when there is a home for sale in The Estates.  Buyers can choose from 27 waterfront homes with deeded docks  and only one dry lot in the community, price range are from $2,300,000 to $5,000,000. The floor plans of the residences range from 3,875-9,400 square feet and include 4-7 bedrooms with 3.5-7.5 bathrooms and 2-4 car garages and all built between 1999-2002.

Scott Patterson
Harbor Islands & Hollywood Florida Real Estate

Town of Golden Beach To Undergo Facelift

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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

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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

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“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

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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.

Gated Single Family And Townhome Communities In Aventura Florida

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Aventura Florida Real Estate Community YTD Market Report

Aventura Lakes

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

Island Estates

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

Courtyards at the Point:

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

Golden Pointe:

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

Aventura Estates:

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

Island Way:

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

Presidential Estates:

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

Villa Flora

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

Porto-Vita

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

Get To Know Hollywood Beach Florida

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Avoid the Crowds – Come to Hollywood Beach!

Offering visitors and residents alike many advantages including easy access to Fort Lauderdale and Miami, Hollywood Beach is located minutes from Aventura, Golden Beach, Sunny Isles, Golden Isles and Hollywood Lakes. In South Florida we all know its all about the beaches and Hollywood Beach Florida offers some of the finest beaches like its sister South Florida cities. Want to avoid the peak season crowds? You must come to Hollywood Beach. Offering something for every budget, visitors to Hollywood Beach can access accommodations from the luxurious to the affordable.

The Hollywood Boardwalk

Hollywood Beach Hollywood Florida

Measuring two miles in length, the Hollywood Boardwalk was built in 1923. Beckoning to days of old, this landmark thirty-foot wide pedestrian promenade is home to a vibrant blend of beach activities, cultural events, awe-inspiring views and of course – a terrific beach! Named one of America’s top notch nostalgic venues by USA Today, the Hollywood Boardwalk is an auto-free zone. Expect to find an active crowd enjoying a bike ride, along with runners, walkers and rollerbladers. Blending in perfectly in this nostalgic setting are fanciful boutique hotels, interesting shops, and great Oceanside eats.

Hollywood Florida East Market Report (5 Year Snap Shot)

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Hollywood Lakes

Supply & Demand Hollywood Florida

In order to assist both Buyers and Sellers in better understanding the South Florida real estate market and precisely Hollywood East including “Hollywood Lakes” I have provided a “Supply and Demand” graph of the past 5 years. The peak of the market was April 2005 when there was hardly any inventory and tons of sales creating what is called a “Sellers Market”, we had approximately as little as 2 months supply of single family homes in both Broward and Miami-Dade Counties.

Condo v.s. Single Family Homes

If we were to graph different areas throughout South Florida they would all look very similar to this graph with the exception of the “Condo Market” which is dramatically different. Although often grouped together the “Condo Market” and the “Single Family Home” market are “Apples and Oranges”. The “Single Family Home” “Waterfront Market” is in much better shape than any other sector of the real estate market. Sellers were in the drivers seat for a very long time but today the Buyers have much of the control due to the abundance of inventory and especially International Buyers that are also taking advantage of the weak dollar.

What Is A Healthy Real Estate Market?

Many of the single family home markets have anywhere from 20 to 50 months supply of inventory and some of the condo markets have up to 90 months supply, depending on the location, price range and even the development. To give you an idea of what is a “Healthy Market”, we need no more than 6 to 12 months supply, below 6 months supply is a “Sellers Market” and above 12 months supply is a “Buyers Market”.

International Influence

I could talk about supply & demand and the whole real estate market forever but let’s all be thankful we are selling and/or owning properties in South Florida (Hollywood, Golden Isles, Aventura and Golden Beach) where we have one of the largest concentration & influence of international Buyers in the US. The Aventura Mall is now one of the top grossing malls in the country mainly due to “International” shoppers. My sales so far this year are up 22% over last year, I contribute this directly to South Florida being the place the world wants to be.

Premier Waterfront Communities In Aventura, Golden Beach, Sunny Isles, Hollywood and Hallandale

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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

Golden Beach

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