Tag Archives: Hollywood Lakes

New Mid-Modern Listing in Hollywood Lakes

access_timeFebruary 17, 2010personScott Patterson

1136 N. Northlake Drive

This is one of my newest listings in Hollywood Lakes on Northlake. This Mid-Modern home is impeccable and was built in 2008 with the finest of finishes and attention to detail. The home is located on a point corner lot with 164 feet of waterfrontage. The views are one of the best in the Lakes and one of very few Mid-Modern homes in the area.

Home Details:

6 Bedrooms, 6.5 Baths
Two-story
Built in 2008
2 car garage

For Additional information about this listing or other listings visit my South Florida Real Estate Website.

Hollywood Lakes Waterfront Bank Owned Property Goes On Market For Extremely Low Price Of $445,500

access_timeJuly 17, 2009personScott Patterson

[youtube:http://com/watch?v=G_V2rY4j47c]

This week Washington Mutual placed 1007 S. Northlake Drive in Hollywood Lakes on the market for a staggering low price of $445,500. I sold this property for $2,150,000 in June of 2005 (the peak of the market). Most of the properties value is in it’s premier lot size 100′ x 234′ (half acre) on the water and at this price it’s a definite give away, the only drawback is the home more than likely cannot be torn down since it has historic value to the neighborhood and is located in a Historic Preservation area. The property had over $60,000 dollars of code violations from the previous owner due to commencing work without permits.

My client placed a $500,000 cash offer (50K over asking price), when I called the agent they stated they had multiple offers on the table, which is often the case with Bank Owned properties and that they would be making a decision within the next 48 hours, my clients offer was eventually rejected as a higher offer was accepted but whoever won the bid got an incredible deal.

Hollywood Lakes is an eclectic neighborhood just minutes from Hollywood Beach that is comprised of two lakes “Northlake and Southlake”, they are connected to the Intracoastal Waterway with unsurpassed views from either lake.

2005 Photo

2009 Photo

Hollywood Boulevard Improvement Project Has Begun

access_timeJune 19, 2009personScott Patterson

On April 30th the City of Hollywood Florida commenced the long awaited Hollywood Boulevard Improvement Project. The project will take nearly a year to complete and it’s main objective is to construct a median that will prevent direct crossing from north to south along the Hollywood Boulevard which has caused numerous accidents over the years. The landscaped median will be 19 feet wide and will span from the Intracoastal Bridge (recently renovated as well) to Downtown Hollywood, the project will also focus on improved drainage. The Hollywood Lakes community will definitely benefit from the project which in addition to preventing direct crossing along Hollywood Blvd. will also add to the neighborhoods aesthetic appeal.

I went down to Hollywood Blvd. to capture the work in progress!

[youtube:http://www.youtube.com/watch?v=JeNx0KPbUeU]

Right Price, Right Buyer in Hollywood Florida

access_timeJune 11, 2009personScott Patterson

Two more homes sold this month in Hollywood but these were shelled (no kitchen, baths or flooring only walls), however this goes to show you that there’s a right buyer for every property when the property is priced right, “It only takes one Buyer”. Both of these properties were “Short Sales” and both were cash transactions.

4008 Jefferson Street in Hollywood Hills closed yesterday June 10th, 2009 for $262,500. The previous builder/owner of the home never finished the construction and owed approx. $700,000

4008-front 4008-kit

1345 Adams Street in Hollywood Lakes closed on June 5th, 2009 for $250,000. The previous owners owed approx. $600,000.

1345-adams

For up to date information subscribe to my South Florida Real Estate blog

What’s Selling In Hollywood Lakes Florida In 2009

access_timeFebruary 25, 2009personScott Patterson

Since the beginning of this year there have been 9 closed sales with 3 being over $500,000 in the Hollywood Lakes, Hollywood Florida Area. The statistics for the 3 closed sales over $500,000 are below. This time last year there were only 3 closed sales all under $500,000, volume of sales are up.

My listing 915 N. Southlake Drive closed last Friday for $2,461,000 the listing price was $2,750,000.

915 N. Southlake Drive: 5 Bedrooms, 6.5 Baths, 100′ on the water & approx. over 5,700 sq.ft.

915-n-southlake-9563

940 N. Northlake Drive: 5 Bedrooms, 4 Baths, Waterfront & approx. over 4,000 sq.ft. SOLD FOR $1,324,000 on 2/5/2009

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1109 Hollywood Blvd. : 4 Bedrooms, 3 Baths, approx. over 2,300 sq.ft. SOLD FOR: $550,000 on 2/2/2009

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View all the active listings in Hollywood Lakes in Hollywood Florida

Get To Know Hollywood Beach Florida

access_timeAugust 28, 2008personScott Patterson

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

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)

access_timeAugust 20, 2008personScott Patterson

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.

Dockside Dining In Hollywood Florida

access_timeAugust 7, 2008personScott Patterson

Whether you are looking for a place to take your boat or simply enjoy the scenic water views while dining, below is a list of restaurants that offer dining along the waterfront in Hollywood Florida. If you are planning a trip to Hollywood you might want to check out local events and things to do to in the area.

Being a boater myself I love the ability to experience South Florida from a different perspective as well as waterfront dining. I have personally been to all of these restaurants and really enjoy the ambiance and relaxation waterfront dining offers.

Hollywood Restaurants Along The Intracoastal Waterway

Billy’s Stone Crab
400 N. Ocean Drive
Hollywood, FL 33019
P: 954-923-2300

Capone’s Flicker-Lite
1014 N. Ocean Drive
Hollywood, FL 33019
P: 954-922-4232

Giorgio’s Bakery Market
800 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-5550

Giorgio’s Grill
606 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-7030

Las Palmas Tropical Grille & Sushi
1318 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-0550

Scott Patterson

Hollywood Florida Real Estate

Le Tub Saloon
1100 N. Ocean Drive
Hollywood, FL 33019
P: 954-925-4840

Nikki Marina at the Diplomat Landing
3660 S. Ocean Drive
Hollywood, FL 33019
P: 954-602-8750

Rivals Waterfront Sports Grille at the Diplomat Landing
3460 S. Ocean Drive
Hollywood, FL 33019
P: 954-602-8760

Taverna Opa
404 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-4010

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

access_timeAugust 1, 2008personScott Patterson

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