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Tag Archives: Waterfront Community

New to the Market in Harbor Islands, Florida

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Harbor Islands, Florida is perhaps one of the most desirable communities to live in within Hollywood, Florida.  This South Florida community is well known for its lavish homes, beautiful neighborhood and great public and private schools.

Right now, you can invest in your own piece of paradise in Hollywood, Florida.  Two homes in this elite community were recently listed on the market.

Continue reading to learn more about these two Hollywood Florida homes for sale.

Hollywood, Florida Real Estate

I recently listed two luxury homes on the Hollywood, Florida real estate market.

Here’s a breakdown of what these two Harbor Islands homes have to offer interested South Florida home buyers:

1061 Harbor Court

  • Waterfront
  • Located in “The Estates” section of Harbor Islands
  • Year Built: 2001
  • Single Family
  • List Price: $1,999,000
  • 4 Bedrooms
  • 5 1/2  Bathrooms
  • 5,219  Sq Ft.
  • 50ft. private boat dock with 14K lb boat lift

Learn more about this South Florida home by visiting our 1061 Harbor Court page.

1535 Windjammer Way

  • Waterfront (Direct Intracoastal)
  • Year Built: 2004
  • Single Family
  • List Price: $1,989,000
  • 4 Bedrooms
  • 4 1/2 Bathrooms
  • 4,870 square feet
  • Private boat dock with 14K lb boatlift

Check out our community page for 1535 Windjammer Way!

Hollywood, Florida  offers its residents plenty of amenities in its own right.  But if you wanted to explore another community, you’ll find that Hollywood Florida is conveniently located within just a short driving distance to many other cities:

  • 25 minutes from Miami
  • 5 minutes from Aventura
  • 5 minutes from Golden Beach
  • 15 minutes from Fort Lauderdale

To learn more about living in Hollywood Florida – or about the two homes currently listed in Harbor Islands – contact me, Scott Patterson, your South Florida real estate expert.

While you’re at it, feel free to check out my other listings in such area South Florida communities as:

Until next time,

Scott

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

South Florida Real Estate Market Update for July

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The MIAMI Association of REALTORS recently released some data that describe the current state of the South Florida real estate market.

One of the group’s biggest conclusions was that Broward housing inventory has fallen below a six month supply. Keep in mind this is averaged out for all price ranges, however when it’s broken up in different price range categories from like $1-2 Million, or $2-3 Million and up the picture is much different as there are more month’s supply, in other words the the higher the price range, the more inventory there currently is.

For example today in Broward County we have approximately 83 months supply of single family homes over 3 million dollars and less than 4 months supply for single family homes less than 300,000.

The group found that inventory of residential listings in Broward County fell by 27 percent – or from 20,143 in May 2010 to 12,742.

Comparatively, total housing inventory nationally only fell by 1 percent.

This is great news for interested South Florida home sellers.  After all, as there become fewer homes there are on the South Florida real estate market, demand for South Florida homes will inevitably rise.

When demand for South Florida homes rises, South Florida home sellers will have more bargaining room when it comes to selling their South Florida home.

More Information on the Current State of the South Florida Real Estate Market

Here’s some additional data that the MIAMI Association of REALTORS recently released:

  • Condominium sales in Broward County increased from 1,348 in May 2010 to 1,537 in May 2011.  That’s a 14 percent increase year-over-year.
  • Single-family home sales increased by 6 percent – or from 1,078 in May 2010 to 1,142 in May 2011.
  • Cash transactions made up 60 percent of all closed residential sales in May
  • Statewide, condo sales increased by 17 percent while single-family home sales increased by 3 percent.
  • Meanwhile, national homes sales decreased by 15.3 percent during that same period.
  • The average sales price of condominiums on the South Florida real estate market increased by 3.7  percent from May 2010 and May 2011.
  • The average sales price for single-family homes on the South Florida real estate market decreased by 2.3 percent from May 2010 and May 2011.
  • Statewide, the median sales price for condos increased by 2 percent from May 2010 and May 2011.
  • Statewide, the median sales price for single-family homes decreased by 5 percent from May 2010 and May 2011.

Entering the South Florida Real Estate Market as a Home Seller

If you’ve been considering selling your South Florida home, now is a great time to do so!

As the inventory of South Florida homes for sale continues to decrease, South Florida home sellers will have more of a say when it comes to setting a sales price.

As a South Florida real estate expert, I’ll be happy to walk you through what I can do for you as a South Florida home seller.

This includes answering any questions you might have, developing an aggressive South Florida marketing plan for your home, and providing you with such South Florida home selling resources as:

Until next time,

Scott

 

Mexicans Increasingly Investing in South Florida Real Estate

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For months I have been telling you about how Brazilian nationals have been spurring activity on the South Florida real estate market by investing in South Florida homes for sale.

Now it appears that another group of foreign nationals are finding South Florida real estate increasingly attractive: Mexicans.

According to a recent article in the Miami Herald, Mexicans find that South Florida is a safe place to invest their money outside of their home country, where violence has steadily increased over the years.

South Florida Real Estate Market Attracting International Buyers

While Mexican nationals have historically invested in properties in border cities such as El Paso and San Diego, an increasing number of Mexicans are investing in South Florida, specifically Miami.

By some estimate, Mexican investors have invested about $30 million in the South Florida real estate.

And according to the Commerce Department’s international trade administration, Mexicans made a direct investment of $31 billion in the United States in 2008.

Most experts attribute the surge in Mexican nationals investing in the United States to the violence that is occurring across the border.

Since the Mexican president Felipe Calderon launched a war on drug cartels in late 2006, more than 40,000 Mexicans have been killed in the fighting.

Consequently, the United States has issued an increasing number of visas to Mexicans.  Between 2007 and 2009, the number of visas for Mexican investors grew from 15,000 to 21,000.

In 2009, about 250 Mexicans were granted asylum in the United States.

Purchasing a South Florida Home for Sale

As a South Florida real estate expert, I have years of experience working with international buyers.

If you’re thinking about relocating to South Florida from another country  – or from another part of the United States – then contact me, Scott Patterson.

I’ll help make navigating the South Florida real estate market exponentially easier with my exclusive South Florida home buying tools.  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

 

Enjoy the 4th of July in Aventura, Florida This Year

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Are you interested in making this 4th of July memorable for you and your family? Then consider checking out this year’s Fireworks Show in Aventura, Florida.

This annual event seems to get bigger and better every year.  Perhaps that’s because South Florida residents know they’re not likely to get as spectacular of a fireworks show anywhere else in South Florida.

The fun begins at 9 p.m. on July 4 along Country Club Drive on the Turnberry Golf Course and will last about 30 minutes.

For more information,  call the Community Services  Department at 305-466-8930.

In the event of rain, this event will be moved to 9 p.m. on July 5.

Investing in Aventura, Florida Real Estate

I’m proud to say that I live in the kind of community that invests in recreational attractions for its residents.
Aventura, Florida has plenty of such amenities to offer its residents year round, including:

If you’d like to learn more about what it’s like to live in Aventura, Florida, contact me, Scott Patterson.

As your Aventura area real estate expert, I’ll let you know about available listings in our incredible Aventura neighborhoods, including:

Until next time,

Scott

 

 

 

South Florida Real Estate Market Update for June

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Several South Florida cities saw increases in their property values in 2010, according to a recent article in The Miami Herald.

Although property values for both commercial and residential real estate are still down in Miami-Dade and Broward counties for 2010, they’re still doing considerably better than in 2008 or 2009.

Continue reading to learn more about how specific South Florida communities stacked up in terms of property values.

South Florida Property Values

According to the most recent data:

  • 10 municipalities in Miami-Dade County saw increases in value in 2010.  In contrast, all 37 municipalities saw decreases in value in 2009.
  • Downtown Miami saw the largest year-over-year value increases in South Florida.  The community’s tax base grew by 10.9 percent in 2010.  In 2009, Downtown Miami’s tax base decreased by 11.2 percent.
  • In 2009, new construction in downtown Miami was valued at $362 million.  In 2010, that value had climbed to $1.4 billion.
  • Key Biscayne’s taxable property value grew by 1.5 percent.
  • Sunny Isle’s taxable property value grew by 2.9 percent.
  • Pinecrest’s taxable property value grew by 0.8 percent.
  • New construction in Miami-Dade County fell from $2.7 billion to $1.5 billion.
  • New construction in Broward County also fell, from $1.5 billion to $633 million.
  • Homestead taxable property value fell by 9.6 percent. Still, that’s considerably better than in 2009, when property values in Homestead dropped by more than 31 percent.
  • Florida City’s taxable property value fell by 15.4 percent.

According to most South Florida real estate analysts, the recent numbers suggest that the South Florida real estate market has weathered the worst of the recent housing bust, but a complete recovery might not be for several months or even years.

Investing in South Florida Real Estate

Now is actually a fantastic time to invest in South Florida real estate.

Why? Because South Florida home values are still fractions of what they used to be before the South Florida housing bubble burst.

Thus, South Florida home buyers have the opportunity to get a great deal on a piece of South Florida real estate before prices start climbing.

If you’re interested in investing in South Florida real estate, then contact me, Scott Patterson.

As your South Florida real estate expert, I’ll answer any questions you might have about the South Florida real estate market as well as tell you about all of  South Florida neighborhoods, including:

Until next time,

Scott

Boat Docks Available for Sale for the First Time at Porto Vita in Aventura Florida

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The Porto Vita luxury condominium community recently made a limited number of boat slips/docks available to its residents.

This is fantastic news for Porto Vita condominium owners who can now have luxury South Florida condominium living as well as the convenience of owning one’s own boat dock just steps away with easy access to the Haulover Ocean Cut.

With this new offer, Luxury South Florida condominium owners can have the best of both worlds!

Living in a South Florida Luxury Condominium

Residents in the North Tower at Porto Vita have the first chance to invest in one of the boat slips/docks at Porto Vita.

Here’s more information about this incredible offer:

  • 60 ft length boat slips
  • 18 ft beams
  • Price: $75,000

Investing in South Florida Real Estate

The fact that residents at Porto Vita now can own their own boat slips and docks is just icing on the cake for residents living in one of the most luxurious condominiums in Aventura.

Porto Vita, which features two towers, is the epitome of South Florida luxury living.

This Aventura condominium offers its residents floor plans ranging from 2 to 5 bedrooms and 2,250 to 6,000 square feet.

Amenities at this cosmopolitan community include:

  • Spa facilities
  • Community swimming pool
  • Tennis courts
  • A state-of-the-art fitness center, featuring massage therapists and personal trainers
  • Valet and concierge service
  • Billiards
  • And so much more!

Contact me to learn about available listings at Porto Vita – including my recent listing  for a 3-bedroom, 3.5-bath luxury condominium at Porto Vita.

I’ll help to make the South Florida real estate transaction process easier by providing you with such helpful South Florida home buying resources as:

Until next time,

Scott