4001 North Ocean Luxury Oceanfront Condo 

Construction at 4001 North Ocean Condo (see construction picture below) is progressing well and construction completion has now been accelerated to a scheduled delivery date of December 2012 (6 months earlier than the originally planned delivery date of June 2013) as a result of strong pre-construction sales.

Currently, 14 of the 34 Residences have already been Reserved (Buyers placed Deposits for purchase of the Units) and the remaining 20 Units are available in a price range of $1,830,000 – $5,100,000.

The pricing of Units at 4001 North Ocean is in line with current Market values of closely comparable Units that are currently being purchased.  For example, at One Thousand Ocean Condo in Boca, a 52-Unit Oceanfront Complex built in 2010, only 12 Units remain unsold and $2,750,000 was the lowest purchase price in the Building to date.

As a 6-Story Boutique-style Building situated on 300 feet of Beachfront, 4001 North Ocean is perfect for those who prefer not to live in a High Rise.   New Construction that’s directly on the Beach in the Gulfstream/Delray Beach area is very rare and this is the first Condo that has been built in the area in more than 30 years.

Spacious Units at 4001 N. Ocean have 2 – 4 Bedrooms, range in size from 2,800 Square Feet to 5,000 Square Feet, have large outdoor Terraces, 10′ Ceilings, and Floor-to-Ceiling Glass offering beautiful direct Ocean views.   Click here to view Floor Plans. These Residences will feel like Single Family Homes and 4 of the 34 Residences will be Villas with private 2-Car Garages.   For comparison purposes, it’s important to note that, currently, the lowest priced direct Oceanfront Single Family Home in Gulfstream is $6,500,000 for a “Teardown” that was built in 1960 since Land value is a such a significant part of the value with Oceanfront Single Family Homes.

Future Residents of 4001 North Ocean Condo will enjoy an Oceanfront Pool and Spa, on-site Staff, Fitness Center, Beachfront Outdoor Kitchen with Gas Grills, secure Garage Parking, and secure Elevator entry.

With significantly decreased Inventory of new Oceanfront Condos that were constructed several years ago, decreased Inventory of Resale Condos, high sales volume in the current Market, and even less Inventory of non-highrise Condos, Developers have finally started building new Condos again.

Discerning Buyers who understand the current Market and the Luxury Oceanfront lifestyle that 4001 North Ocean offers are responding accordingly.   There are, of course, Buyers who prefer not to make a purchase commitment until Construction is complete, but with the significantly increased pace of completed purchases in the current Market and high levels of pre-construction sales at new projects, it appears that Buyers who are waiting for construction completion will have very limited choices available to them once construction is complete.  The current Market is very different from the previous one in many ways, but particularly related to Financed vs. non-Financed purchases.  In the current South Florida Market, approximately 80% of all Condo purchases are Cash, unlike the previous Market when Financed purchases were the majority of all Real Estate purchases.   Within the Luxury Market, almost all purchases are Cash and with current Developers completing construction quickly, the possibility of failed Contracts due to lack of Financing and/or delayed construction has significantly decreased.

4001 North Ocean Condo is located at 4001 N. Ocean Blvd. in Gulfstream, FL, which is just North of Delray Beach (note that Gulfstream is a small Town that usually doesn’t appear on a Map when you Google it, but it really does exist )   It’s a great location that’s conveniently close to Shops, Restaurants, Cultural activities, Entertainment, and Nightlife (Town Center and Mizner Park in Boca Raton, Atlantic Avenue in Delray Beach, CityPlace in West Palm Beach and Palm Beach’s famed Worth Avenue Shops.)

Scroll below to enjoy pictures of the views from the 4001 North Ocean Blvd. site, in addition to a Video Virtual Tour,  Floor Plans, and a Site Plan.

www.youtube.com/watch?v=dKm4Ih34dNg

• 4001 North Ocean Condo Floor Plans
• South Florida 3-Bedroom Oceanfront Condos

When showing properties recently, I viewed 2 Oceanfront Townhomes that have beautiful, direct views of the Ocean, Beach, and Pier.  While viewing them, I took pictures, which I included in this post.    Both Residences have 2 levels (upstairs and downstairs), are Turnkey, and very spacious.   They are priced at $449,000 and $649,000 and you can click here to view both property listings.

Their features include:

• Impact Windows and Doors
• Granite Kitchen Counter tops
• Stainless Appliances
• Walk-in Closets
• Wood Cabinets
• Vessel Sinks

They are located in Pompano Beach at 520 N. Ocean Blvd. in a small Complex of only 20 Residences named Ocean Townhouses.   The Building includes Elevators, Garage Parking on the 1st Floor of the Building, and a direct Oceanfront Swimming Pool.   Owners are allowed to have large Pets, Dogs included, and are permitted to Lease their Units a minimum of 90 days no more than twice yearly.    This location would be great to consider if you’re interested in  South Florida Oceanfront Townhomes.     Pompano Beach is located adjacent to Ft. Lauderdale when traveling North on Federal Hwy./U.S. 1 or adjacent to Lauderdale by the Sea when traveling North on Highway A1A.

Related Information:

• Ft. Lauderdale Oceanfront Condos
• Ft. Lauderdale Waterfront Townhouses
• Lauderdale by the Sea Oceanfront Condos
• Pompano Beach Oceanfront Condos
• Hillsboro Beach Oceanfront Condos
• Deerfield Beach Oceanfront Condos
• Hollywood Oceanfront Condos

Sea Ranch Lakes Properties

The beautiful Town of Sea Ranch Lakes is one of Broward County’s hidden gems and is located across from the Beach, adjacent to Lauderdale by the Sea, and just a few minutes away from Ft. Lauderdale.     The Community is located East of the Intracoastal and includes a private Oceanfront Clubhouse on the Beach with a Swimming Pool, Playground, BBQ Grills,  and Volleyball.    As a Guard Gated Waterfront Community, Sea Ranch Lakes is 1 of only 4 such Communities in Broward County and is also one of the very few Gated Communities that are located East.

The Community was established in the late 1950′s and Homes include those that are of original construction/in need of complete renovation (Teardowns), Houses that have been renovated, and new Construction Homes that were built when previously existing Homes were demolished.  Homes in Sea Ranch Lakes are Waterfront and non-Waterfront, with Waterfront properties located on the Intracoastal and 2 Lakes (Lake Seneca and Lake Cayuga).

When showing properties in Sea Ranch Lakes recently, I took pictures of the private Beach Club, which I included below.  The Clubhouse has a maximum capacity of 195 people and is perfect for hosting Social events such as Birthday Parties, Weddings, Bar Mitzvahs, Holiday Parties, etc.

The Homeowner’s Association Fee for Sea Ranch Lakes is paid Quarterly and is only $600.00 per Quarter.

Recent Property Sales

During 2011, 7 properties were purchased in Sea Ranch Lakes.   Their purchase price range was $445,000 – $2,501,392 and only 2 of the properties were purchased for prices under $800,000.    The property that was purchased for $2,501,392 is an Intracoastal front property located at 36 Minnetonka Rd. (pictured below).     Although 2012 just started, one property has already been purchased, 12 Cagyua Road, sold for $575,000 on January 27, 2012.

Properties for Sale

Currently, 14 Sea Ranch Lakes properties are for sale, 11 Single Family Homes and 3 Vacant Lots.

The Single Family Homes that are for sale were constructed between 1960 – 2011 and include non-Waterfront and Waterfront properties (Intracoastal and Lakefront).    Their list price range is $799,000 – $3,850,000.

The 3 Vacant Lots are priced in a range of $515,000 – $2,300,000 (2 are Intracoastal front and located at 30 Minnetonka Rd.)

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Related information:

• Ft. Lauderdale Waterfront Homes
• Ft. Lauderdale Intracoastal Homes

3 properties that were previously owned by  Scott Rothstein were recently listed on the Market for Sale as Bank Owned Foreclosures.  All are Waterfront properties located off of Las Olas Blvd. in the Las Olas Isles area of Seven Isles.   The properties are as follows:

• 2627 Castilla Isle- priced at $705,900- listed for sale on January 28, 2012
• 2308 Castilla Isle- priced at $1,939,000 – listed for sale on January 4, 2012
• 2316 Castilla Isle- priced at $985,000 – listed for sale on January 4, 2012

Since being listed for sale, 2308 Castilla and 2316 Castilla have already gone under Contract for purchase, as is typical in our local Foreclosure Market.   East and Waterfront Foreclosures are in extremely high demand, but in low supply, so they typically sell within 30 days or less, have multiple Offers submitted for their purchase, and are usually purchased for prices that exceed their list prices.   That being the case, it comes as no surprise that 2 of the 3 properties are already under Contract and I suspect that they will be sold over list price.   When the purchase transactions are completed/closed, I will provide future updates.

Related information:

• Luxury Homes for Sale in Ft. Lauderdale and other Cities in Broward County
• Ft. Lauderdale Waterfront Homes
• Las Olas Homes for Sale

Recent Market Reports for Las Olas Isles:

• November – December 2011
• September – October 2011
• July – August 2011
• May – June 2011
• March – April 2011
• December 2010 – February 2011

Aquazul Market Update

Several Units were sold recently in Aquazul Oceanfront Condo and I included details below about the purchases.   In Aquazul, the 01 and 04 Units are Corner Units and are the largest Units in the Building.   Because of their size, preferred views, and Corner location, they command premium prices.   Of the Northeast and Southeast Corners, many people consider the Southeast Corner to have the most preferred views.

Unit 1401 (details below) was purchased as a fantastic Bank Owned Foreclosure deal that was sold at a purchase price that’s approximately $200,000 below current Market value in comparison to the recent purchase prices of similar Units in the Building.    It went under Contract after being on the Market for only 8 days and its’ purchase price of $1,160,000 was $130,000 ABOVE its’ list price of $1,029,000, which is typical in our local Foreclosure Market.    In the Luxury and Waterfront Market, these types of deals are very scarce, so when fantastic opportunities such as these become available, savvy Buyers snap them up quickly.

Aquazul Condos for Sale and for Lease

Of 80 total Units in the Building, only 3 are currently listed for Sale:

• Unit 2101, a gorgeous Southeast Corner Unit with beautiful views of the Ocean, Intracoastal, Coastline, and City Skyline
• Unit 1803, a “wow factor” Unit with Contemporary design which has been highly upgraded with unique custom Finishes, unlike any other Unit that’s in the Building + it has beautiful  views, of course
• Unit 1602, a beautiful Unit with Southeast Ocean views + Intracoastal and City Skyline.

I viewed Units 2101 and 1803 when working with interested Buyers,  so I’m personally familiar with both Units and the quality that they offer.

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Only 4 Units are on each Floor at Aquazul and each Unit has private Elevator Foyer entry directly into the Residence.  Floor-to-Ceiling Windows in the Residences maximize Light and Contemporary design.  Spacious Balconies offer beautiful direct Oceanfront views and have plenty of space for Furniture.

Related information:

• Aquazul Condo
• 3-Bedroom Oceanfront Condos in South Florida
• Lauderdale by the Sea Waterfront Condos
• Ft. Lauderdale Oceanfront Condos
• Ft. Lauderdale Waterfront Condos
• Ft. Lauderdale Intracoastal Condos
• Condo Checklist for Buyers
• Ft. Lauderdale Pet Friendly Condos and Condos that allow large Dogs

Aquazul is located at 1600 S. Ocean Blvd. in Lauderdale by the Sea, adjacent to Ft. Lauderdale.

Aqua Lofts Market Update

Since my previous Aqua Lofts Market update, an additional  Bank Owned Townhome was purchased, so now only 1 Bank Owned Unit remains available for purchase.     The Townhome that was purchased is 2741 NE 1st St., which was purchased on January 13, 2012 for $736,000 and listed for $758,888.    This Residence is direct Waterfront on the Canal side of the Building and includes:

• 3 Bedrooms and 3.5 Baths
• 2,958 Square Feet of Living Area and 4,509 total Square Feet
• Elevator inside of the Townhouse
• 3 Floors inside and a Rooftop Terrace on the 4th Floor
• 2-Car Garage
• Boat Slip

Units currently available for sale in Aqua Lofts are 2 Resales and 1 Bank Owned Foreclosure, listed for sale in a price range of $595,000 – $1,250,000.  Click here to view them.

Aqua Lofts Townhomes are of beautiful, Contemporary/Modern design with spacious living areas and Floor-to-Ceiling Glass.  They’re ideally located very close to the Intracoastal and within walking distance to the Beach, Shops, and Restaurants in Pompano Beach.

Related information:

• Pompano Beach Waterfront Condos
• Ft. Lauderdale Waterfront Townhomes

Hemingway Landings Condo

I visited Hemingway Landings Condo last week when showing Condos to Buyers I’m working with who are interested in purchasing a Waterfront Condo in Ft. Lauderdale.   Hemingway Landings is a Mediterranean style, luxury Boutique Condo with only 21 total Units.   Construction of Hemingway Landings Condo was completed in 2009 and 2 Units were purchased, but then the remaining Units eventually became Bank Owned and were recently purchased by a new Developer in a Bulk purchase.

Hemingway Landings is a 4-Story Building with Residences located on the top 3 Floors of the Building and Garage Parking located on the 1st Floor of the Building.  The Developer Units that are available are new Units that have never been occupied and, as such, are some of the very few new Condos currently available in Ft. Lauderdale.    Since this is a low-rise Building, it offers a great option for Buyers who prefer not to live in a high-rise Building.

3 spacious Floor Plans are offered, which include 2-Bedroom and 3-Bedroom Units ranging in size from 2,267 Square Feet – 2,527 Square Feet.  The spacious, open Floor Plans with high Ceilings feel like Single Family Homes and Floor-to-Ceiling Glass provides lots of Light.    Residents enjoy beautiful views of the Water, Palm Trees, luxury Homes, and City Skyline from large Balconies.   All Units include:

• An assigned Boat Slip, which is a significant benefit for Boaters (the approximate length of the largest available Boat Slip is 35 Feet)
• Stainless Steel Appliances, Granite Counter Tops, Dishwasher, and 6-Burner Gas Stove with a Convection Oven in the Kitchen
• Full-size Washer and Dryer
• Baths with Whirlpool Tub, LED Lighting, Marble Flooring, European style Cabinetry, and Tempered Glass Shower Enclosure

Hemingway Landings is Pet Friendly and allows each Unit Owner to have 2 Pets of any size, including large Dogs, a feature that few Buildings offer.

Of 19 Units that were purchased by the current Developer, 6 are already under Contract for purchase and 13 are currently available for purchase.   The price range of the Units is $799,900 – $999,900 and these prices are in line with current Market values for comparable properties (the prices offered by the original Developer were up to $1,600,000).   Hemingway Landings’ additional Amenities include:

• Secure Building Access Control System
• Covered Garage Parking with 2 reserved spaces for each Unit
• Heated Swimming Pool

Location, location, location!

Hemingway Landings Condo is located on S.E. 12th Street in the beautiful Community of Rio Vista, which is one of Ft. Lauderdale’s most desireable luxury Communities of Single Family Homes.   The Community is in an area WITHOUT Fixed Bridges and is very close to the Intracoastal, Beach, Shops, and Restaurants.

Contact me if you would like additional information and/or would like to schedule time to view property.

Related information:

• Ft. Lauderdale Waterfront Condos
• Rio Vista Homes for Sale

Golden Beach Properties for Sale

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Related information:

• View the full Community profile for Golden Beach and listings of Golden Beach Homes for Sale
• Golden Beach Homes purchased during September of 2011
• Golden Beach Homes purchased during May – July of 2011
• South Florida Oceanfront Homes
• Ft. Lauderdale Oceanfront Homes

 

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