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Tag Archives: Aventura Florida

Porto Vita-New Listing Aventura Florida

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I just listed Porto-Vita unit #1701 in Aventura Florida.  Porto Vita is a luxury development in the heart of Aventura known for it’s luxury amenities and sophistication.  Centrally next to Aventura Mall and minutes to The Shoppes of Bal Harbour the location is hard to beat.

Quick Facts:

  • 4 Bedrooms
  • 6.5 Baths
  • Over 5,000 sq.ft.
  • Ocean, Intracoastal & Turnberry Golf Course views
  • List Price: $4,500,000

If you would like additional information about this unit or Porto Vita please feel free to contact  me.

Golden Pointe Aventura Florida

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Golden Pointe

Golden Pointe in Aventura Florida is a gated waterfront community of only 78 townhomes bounded by the Intracoastal and Waterways marina. The townhomes are 2 or 3 stories and range between 1,900 to 2,800 sq.ft.

The idyllic location is just walking distance to the Waterways shops, market, restaurants, post office and place of worship.  Community and location is hard to beat just minutes to Aventura Mall.

Visit my website for detailed information on the Golden Pointe of Aventura community

Aventura Condo Real Estate Update

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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

Search for active condo listings in Aventura

Porto-Vita Aventura Florida

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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.

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

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

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.

Hollywood Florida Twin Lakes “Northlake” and “Southlake”

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Hollywood Lakes is a large residential section with twin man Hollywood Lakes Northlake and Southlakemade lakes known as “Northlake” and “Southlake” flanking Hollywood Boulevard as focal points for beauty, symmetry, and aquatic activities. Southlake is designated as a wake zone and is one of the only areas that offers water skiing and Jet Skiing directly from your property with close proximity to Hollywood Beach, Fort Lauderdale, Aventura and Miami.

Northlake and Southlake Offering Great Views

The lakes draw a lot of attention not just for their size but for the open spaces, unobstructed lake views, cool breezes and natural ventilation that comes from living along either lake. One of South Florida’s hidden waterfront communities.

Big Brother Is Watching Us in Aventura

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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,

Scott Patterson