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Tag Archives: Aventura

Aventura, Florida Condo Spotlight: Peninsula I

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Here in Aventura, Florida, interested South Florida home buyers have plenty of residential communities from which to choose.

From waterfront high rise condos to tranquil single-family neighborhoods, there’s something for every interested Aventura home buyer.

Today I’d like to tell you a little bit about the Aventura condo known as Peninsula I. This incredible waterfront condominium features units ranging from 3,000 to 4,000 square feet, with prices starting at about $700K and can run upwards of $2 million.

 

 

Peninsula Amenities

  • Full service business center
  • 24-hour air-conditioned storage units
  • State-of-the-art fitness center
  • Relaxing spa
  • Lighted tennis courts
  • Fitness trails
  • Swimming pool
  • Billiard room
  • Card room
  • And so much more!

In addition, residents at Peninsula I also have access to such  services as concierge and security services.

Investing in an Aventura Condominium at Peninsula I

One look at the current state of the Aventura real estate market further illustrates how highly desirable a condominium unit at the Peninsula I truly is, below is some current data gathered from the Multiple Listing Service.

Current YTD 2011 Data

  • Average list price per square feet: $295
  • Average sales price per square feet: $263
  • Maximum current list price: $1,399,000
  • Minimum current list price: $730,000
  • Maximum sales price: $1,300,000
  • Minimum sales price: $640,000
  • Total sales this year: 7

Entering the South Florida Real Estate Market

If you’ve been thinking about investing in a South Florida condominium, I suggest you check out the Peninsula I in Aventura.

This South Florida condominium community offers its residents nothing but the finest when it comes to amenities and services.

Check out all of the helpful South Florida home buying resources. These include:

Until next time,

Scott

Brazilian Home Buyers on South Florida Real Estate Market Get National Attention

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Brazilian nationals investing in the South Florida real estate market is making national news, as evident by a recent article by Bloomberg.

According to the article, Brazilian currency has developed  a 45 percent gain against the United States dollar since 2008.

And while the United States economy grew by 2.3 percent between April 2010 and March 2011, the Brazilian economy (which is the largest in Latin America) grew by 4.2 percent.

This means that South Florida real estate has become increasingly attractive for international buyers – and this is great news for interested South Florida home sellers.

Brazilians Increasingly Investing in South Florida Real Estate

For several months now, the number of Brazilian nationals investing in the South Florida real estate market has steadily grown as these international buyers search for deals on vacation homes and property investments.

The effects of this on the South Florida real estate market have been tremendous:

  • Total sales on Miami’s condominium market have increased by 79 percent since the beginning of the year when compared to that same period in 2010.
  • Brazilians bought 9 percent of homes and apartments sold to international buyers between April 2009 and March 2010.
  • Brazilians are the third largest group of international buyers on the South Florida real estate market, behind only Canadians and Venezuelans.
  • In May 2011, international buyers invested in 60 percent of existing homes on the market and 90 percent of newly built homes.
  • Of those downtown Miami condos that sold for more than $500,000 to foreign investors, Brazilians accounted for about half of that group.
  • Of those Miami Beach property sales that sold for more than $1 million, the investor was Brazilian in about fifty percent of those sales.

It’s easy to see why Brazilian home buyers are flooding the South Florida real estate market when one considers the current state of the Brazilian real estate market:

  • Home prices in Brazil increased by 25 percent between June 2010 and May 2011.
  • In Rio, home prices increased by 44 percent.

Meanwhile, homes in the Miami area are selling for about 51 percent less than they did during the peak of the housing boom – which was in late 2006.

Listing Your South Florida Home for Sale

All of the activity being generated by Brazilian nationals on the South Florida real estate market is great news for interested South Florida home sellers.

This activity is creating demand that is giving South Florida home sellers some bargaining room when it comes to sales price.

In order to capitalize on the momentum that Brazilians are creating on South Florida’s real estate market, you’ll want to work with a South Florida real estate expert who knows how to effectively market your South Florida home for sale.

Contact me, Scott Patterson, your South Florida real estate expert, today and I’ll let you know how I can get you the best price on your South Florida home in as little time as possible.

To get things started, feel free to browse all of the helpful South Florida home selling resources I provide to South Florida home sellers. These include:

Until next time,

Scott

 

South Florida Real Estate Market Update for First Quarter, 2011

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Our South Florida real estate company is expected to sell more total South Florida properties this year than ever before , according to Ron Shuffield, president of our company, Esslinger-Wooten-Maxwell, Inc. Realtors

Here’s some of the  South Florida real estate market news Ron recently shared with us:

  • Miami home and condo sales in the first quarter are up by 38 percent year over year.
  • Broward County home and condo sales in the first quarter are up by 9 percent year over year!
  • There is 55 percent less South Florida property inventory than three years ago.

All of this is great news for both South Florida home buyers and South Florida home sellers.

For South Florida home buyers, it means that they can find great deals on homes on the South Florida real estate market. After all, the median sales price has been steadily dropping over the last four to five years.

For South Florida home sellers, it means that the market will soon begin shifting in their favor.  Think about it:  the more home sales there are, the less inventory there is on the South Florida real estate market.

That scarcity of homes for sale, coupled with the demand for South Florida real estate, means that home prices will start to climb once again.

Learn more about the current state of the South Florida real estate market by watching the below video from our company’s president.

Entering the South Florida Real Estate Market

If you’re thinking about entering the South Florida real estate market as a home buyer or home seller, contact me, Scott Patterson, your South Florida real estate expert, today.

I’ll provide you with a number of invaluable South Florida real estate resources and help make navigating the South Florida real estate market easier for you and your family.

Until next time,

Scott

Scott Patterson featured on Fox News Today On South Florida Real Estate Story

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When the last developable island goes on the market, it’s big news here in South Florida.

My listings of the 8-acre island in Aventura, FL was recently a cover story in the Miami Herald.

Now, a national cable news program is covering this amazing opportunity on the South Florida real estate market as well!

Fox News Broadcasting Live from North Island in Aventura, Florida All Day Today

I’m thrilled to announce that Phil Keating of Fox News will be broadcasting a story on South Florida Real Estate live from North Island at Island Estates all day today.  This coverage will also feature interviews with yours truly as well as aerial views of North Island.

The program will run from 10 a.m. to 8 p.m. today.  Fox news will be doing Liveshots every few hours.

Tune in at approx. 11 a.m. every few hours until 8pm to  see one of the best pieces of property available on the South Florida real estate market today.

South Florida Real Estate

Thinking about selling your South Florida home?  I can help!  Not only do I have experience selling single-family homes and condominiums in South Florida, I can also say I have experience marketing entire islands on the South Florida real estate market!

Contact me, Scott Patterson, your South Florida REALTOR,  to learn more about all of the amazing South Florida home seller services I provide, including:

Until next time,

Scott

 

New South Florida Real Estate Website Unveiled to Help South Florida Home Buyers and Sellers

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I  have some exciting news for interested South Florida home buyers and home sellers. We recently redesigned our website to make it easier for you to navigate the South Florida real estate market!

Here’s a look at some of the features we recently added or improved:

Personalized South Florida Real Estate Service

I strive to give every interested South Florida home buyer and home seller the best service possible.   That’s why we also added some of these social features to our website that helps us stay connected to you:

Thinking About Entering the South Florida Real Estate Market?

With our newly designed website, it’s never been easier to navigate the South Florida Real Estate market!

Contact me, Scott Patterson, your Aventura area real estate expert today, to learn more about what we can do for you.

Until next time,

Scott

Last Developable Island For Sale in Aventura Florida Now

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Not many people can say they own their own island.  That rare opportunity is available  in Miami-Dade County, Florida now.

I was overjoyed to learn that The Miami Herald wrote and featured a front page story on my 8 acres island listing.

For just $49.5 million, you can own your own eight-acre island, the most exclusive private piece of real estate in South Florida.  The private island is located in Aventura and linked to the mainland by a private bridge.

Owner Gary Cohen, who represents the Cohen Family Trust, certainly has quite the asset on his hands: the waters surrounding the island are deep enough for a potential buyer to dock their 150 foot yacht.  Plus, the island is connected to the beautiful city of Aventura.

Additionally, Mr. Cohen couldn’t have picked a better time to enter the South Florida real estate market: sales of Miami-Dade single-family homes in excess of $1 million are up 18 percent!

Learn more about this stellar piece of Aventura real estate by checking out today’s article in the Miami Herald.

Investing in Aventura Florida Real Estate

Thinking about entering the South Florida real estate market as a South Florida home buyer? I can help!

As your South Florida real estate expert, I’ll provide you with invaluable home buying tools to help you make an educated decision on the South Florida real estate market, including:

Until next time,

Scott

More Groups Are Investing in Broward County, Florida Luxury Condominiums

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Broward County properties have become an increasingly hot commodity in recent months, as evident by two recent bulk condo deals in the South Florida county.

Miami-based Sonata Grand LLC recently purchased 22 units at Sonata Beach Club for $9.7 million in Pompano Beach, according to the Sun-Sentinel.

And a couple of weeks ago, Village East Investment LLC purchased 68 units at Village East in Fort Lauderdale for $7.65 million.

These deals are the latest in a string of multi-million dollar investments in the area. Since 2008, there have been 71 bulk deals in Broward, Miami-Dade and Palm Beach counties totally more than $2.1 billion.

Many of these investors end up turning around and selling these units to international buyers, many of whom are purchasing with cash.

This was the case of Aventura-based McKafka Development Group, which purchased 64 units at Las Olas by the River in July for $8.7 million.  Since then, the company has sold 50 of the units to international buyers, many of whom have paid cash.

Buying a South Florida Condo for Sale

As an experienced South Florida REALTOR, I’ve worked with dozens of South Florida buyers who have purchased property at some of the most desirable luxury condominium communities in the area.

I take pride in representing South Florida buyer interests and helping to get home buyers the best deal possible on their South Florida condominium.

If you’re interested in learning more about buying a luxury condominium in Aventura, Golden Beach, Hallandale and other neighboring communities, then contact me, Scott Patterson, your South Florida Real Estate Expert.

I also suggest you take some time browsing some of these South Florida condominium communities, including:

Brazilian Home Buyers Positively Stimulating the South Florida Real Estate Market

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Brazilians are visiting and investing in South Floridain record numbers, according to a recent article in The Miami Herald.The South Florida newspaper reported that not only are Brazilians storming the luxury South Florida real estate market, but they’re also investing in local businesses.

According to the article, the recent surge in Brazilian visitors and Brazilian home buyers in the South Florida real estate market is largely credited to Brazil’s booming economy.  In fact, the country’s economy is expected to become the fifth largest in the world by 2016.

In addition, Brazil’s currency is stronger than the dollar, which makes investing in South Florida all the more appealing for Brazilian home buyers.

More Signs that Brazilians Are Making a Huge Impact on South Florida Real Estate

Everywhere you look in South Florida, there are signs that the area’s relationship with Brazilian home buyers is becoming increasingly paramount to the local economy.  According to the Miami Herald:
  • American Airlines provides 52 flights to Brazil a week from Miami International Airport.
  • An estimated 500,000 Brazilians visited Miami-Dade in 2010, spending more than $1 billion locally.
  • The local tourism bureau has increasingly published guides, maps and other tourist materials in Portuguese.
  • The number of Brazilians visiting Broward County last year jumped by 50 percent to about 300,000 visitors.
  • After Canada, Brazil is the second most important foreign market in Broward County.
  • There are an estimated 250,000 to 300,000 Brazilians living in Florida, according to the Brazilian Consulate in Miami.  The majority of them live in Broward and Miami-Dade counties, as well as Orlando.
Many of these Brazilian home buyers are settling in the Sunny Isles and Miami areas in high-end, waterfront condominiums and properties, the article reported.

Luxury  Condominiums and Properties Available Now in Aventura, Florida and other South Florida Communities

As a seasoned South Florida REALTOR, I understand the importance of remaining informed about the South Florida real estate market in order to better serveSouth Florida home buyers.

Whether you’re an international home buyer from Brazil or a native Floridian who is interested in relocating within the state, I can provide you with expert real estate advice and cutting-edge home buyer tools, including:

I also suggest you browse all the available listings in some of South Florida’s most beautiful communities, including Aventura, Hallandale, Hollywood and Golden Beach.

More South Florida Home Buyers Are Using Cash to Purchase South Florida Homes for Sale

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As it has become increasingly difficult to get a South Florida mortgage in recent years, more South Florida home buyers are using cash to purchase homes, according to recent real estate market data.

According to the National Association of Realtors, about 28 percent of 2010 home sales involved all-cash transactions.  This trend appears to be an increasing,  especially when one considers that in 2008, 14 percent of all real estate transactions were cash only.

In the Miami-Fort Lauderdale area, the prevalence of all-cash transactions is even more apparent.  In 2010, more than half of all transactions in the area involved cash buyers.

South Florida Home Buyers Find Getting a Mortgage Difficult

Some experts have suggested that the sluggish housing market has caused the increase in cash-only real estate transactions. Here’s why.

After the housing market bubble burst, many lenders tightened their belts and made it more difficult to get a mortgage.  According to a national survey by MortgageMatch.com:

  • 70.6 percent of Americans feel like the difficulty of getting a mortgage is a serious problem.
  • 32.3 percent of Americans found that understanding the mortgage process and meeting lender requirements is more difficult than getting the mortgage itself.
  • 79 percent of recent home buyers said that getting a mortgage was as difficult or more difficult than they expected.
  • 20.9 percent of home buyers said that it stressed them out more to wait for approval on a mortgage than to wait to hear back on a job opportunity.
  • 10.8 percent of borrowers said their lender charged them a higher interest rate than they were originally quoted or expected.
  • 20.7 percent of borrowers said that finding a lender that was easy to work with was a challenge.

All Cash South Florida Real Estate Deals Seen as a More Attractive Option

The recent data released on home buyers’ perceptions of getting a mortgage suggests that  the process is stressful, frustrating and upsetting.

Meanwhile, those home buyers who are opting to use cash on their real estate purchase are finding that the process is easy and even advantageous.

Home buyers who use cash only usually get 5 to 10 percent  off the asking price of a home as compared to those buyers who use a mortgage.

Many South Florida real estate experts agree that sellers prefer cash real estate transactions because they tend to be quicker.  In addition, the seller doesn’t have to worry about a bank rescinding  a mortgage deal.

Homes for Sale Available Now

Are you interested in checking out some of the properties available now in Aventura, Florida and other nearby communities such as Golden Beach and Hallandale? Then contact me, Scott Patterson, your South Florida real estate expert.

As your South Florida REALTOR, I’ll keep you up to date on more trends like this one in the Aventura real estate market as well as let you know of any Aventura homes that enter the Aventura real estate market.

Nationally Acclaimed Asset Management Company Invests in Aventura, Launches South Florida Portfolio

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The South Florida luxury condominium real estate market might never look the same again.  ST Residential, a renowned asset management company with $4.5  billion worth of real estate investments nationwide, recently announced that it would be adding to its portfolio several South Florida condominiums , one of which is in Aventura.

According to a recent press release, ST Residential takes “a fresh look at the real estate market by rethinking everything from the ground up.”

The company manages a public-private partnership between the FDIC and several private equity investors, including Starwood Capital and Perry Capital.

In the South Florida real estate market, ST Residential recently added the following communities to its portfolio:

  • ARTECH, a gorgeous community in Aventura
  • Jade Ocean, a stellar condominium community in Sunny Isles
  • Tao, a high-end community in suburban Sunrise
  • Infinity, which is located in downtown Brickell
  • Mint, which features luxury residences in the heart of  Miami
  • Paramount Bay, which is coming soon

Luxury Condominiums in Aventura, Florida and Surrounding Areas

Built in 2008, ARTECH is a beautiful community in Aventura Florida that features studios, one-, two-, and three-bedroom residences.  Square footage in this waterfront community ranges from 913 to 2,814 square feet.  So whatever size family you have, you’re sure to find a home that suits your needs at ARTECH.

As a resident of ARTECH, you’ll have access to such amenities as:

  • Waterfront infinity edge pool
  • Two tennis courts
  • Fully equipped fitness center and spa
  • Yoga terrace
  • Business Center
  • 24-hour security
  • Concierge
  • And more!

This community is already an amazing place to live.  Thus, with ST Residential’s recent investment in this Aventura condominium community, life should only get better for ARTECH residents.

Learn More About the Aventura Real Estate Market Today!

In addition to ARTECH, there are plenty of luxury condominiums in Aventura Florida, including Hamptons South, Hidden Bay, The Point and Williams Island.

In addition to resort-style amenities, these communities offer you easy access to some of the best attractions that Aventura has to offer, including:

  • Aventura Mall
  • Amazing shopping, dining and entertainment options in the downtown
  • Aventura Arts & Cultural Center
  • Some of South Florida’s most beautiful beaches
  • And much more!

If you would like to learn more about living in this amazing South Florida community, then contact me, Scott Patterson, your South Florida Real Estate Expert.

I’ll let you know about any available listings in Aventura’s wonderful condominium communities and will also answer any questions you might have.

To help make entering the Aventura real estate market easier, I recommend you check out my Buyer FAQs as well as my FREE Buying South Florida Real Estate Ebook.