Within the first 6 months of 2010, MLS* Records indicate that 185 Single Family Homes have been purchased in Parkland (a few additional Homes were sold privately, however, Homes sold through Real Estate Brokers comprise the vast majority of Homes that are sold).   Parkland [...]]]> Homes sold in Parkland (January 1, 2010 – June 30, 2010)

Within the first 6 months of 2010, MLS* Records indicate that 185 Single Family Homes have been purchased in Parkland (a few additional Homes were sold privately, however, Homes sold through Real Estate Brokers comprise the vast majority of Homes that are sold).   Parkland is a small segment of the local Real Estate Market in Broward County and, elsewhere in the County, sales of 6,680 Single Family Homes were recorded in the MLS within the same timeframe.

The purchase price range of the 185 Homes sold was $50,000 – $1,800,000, with an average purchase price of $475,000. 

The $50,000 purchase is a Home that was condemned because of a major Fire and was scheduled to be torn down and rebuilt, so was purchased for Land value only.    

The $1,800,000 Home that was purchased is located in the Heron Estates section of Heron Bay, was built in 2009 and has 6 Bedrooms, 5 Full Baths, 3 Half Baths, a Pool, 3-Car Garage, and 7,985 total Square Feet.  The property description reads:

“MOTIVATED SELLER. THIS ONE OF A KIND HOME IN PRESTIGIOUS HERON ESTATES IS LIKE NO OTHER. A PANORAMIC VIEW OF WATER & GOLF BRINGS THE ULTIMATE FLORIDA LUXURY LIFESTYLE. INTERIOR FINISHES SEEN ONLY IN ARCHITECTURAL MAGAZINES. LIMESTONE FLOORS, PORCELAIN COVERED WALLS & SCHOWNBECK CRYSTAL CHANDELIERS. 1000 SQ.FT. LAVISH MASTER BED & BATH. GRAND FOYER,IN-WALL FIREPLACE, GOURMET KITCHEN INTEGRATED APPLIANCES. HOME THEATER, ELEVATOR, TRAVERTINE DRIVEWAY, PELLA IMPACT WINDOWS & DOORS,RESORT STYLE PATIO POOL/SPA, GAZEBO.” 

Price range details of the Homes sold are as follows:

• 20 Homes were purchased under $300,000
• 33 Homes were purchased between $300,000 – $399,999
• 45 Homes were purchased between $400,000 – $499,999
• 32 Homes were purchased between $500,000 – $599,999
• 23 Homes were purchased between $600,000 – $699,999
• 10 Homes were purchased between $700,000 – $799,999
• 11 Homes were purchased between $800,000 – $999,999
• 11 Homes were purchased between $1,000,000 – $1,800,000

Foreclosures and Short Sales Purchased

Of the 185 Homes purchased, 26 were Bank owned Foreclosures.   Their purchase price range was $230,000 – $600,000, with an average purchase price of $370,097.   Their average number of days on the market was 35 days, which is typical since most Bank owned Foreclosures are purchased quickly.  The average List price to Sale price ratio was 97.07%, which is also typical since most Bank owned Foreclosures are purchased close to List price or higher.   

Of the 185 Homes purchased, 39 were Short Sales, with a purchase price range of $216,000 – $1,258,650 and average purchase price of $475,000.

Parkland Homes for Sale
 

Parkland, FL offers a beautiful selection of Communities and Homes for Sale.

Currently, there are 251 Homes for Sale in Parkland that are listed through Brokers.  Their price range is $192,000 – $3,500,000. 

Of the 251 Homes for Sale, 14 are Bank Owned Foreclosures and 62 are Short Sales.  Click here to view the currently active listings of Bank Owned Foreclosures.

Related Information

• Parkland Homes for Sale (view listings and search by price range and Subdivision)

Located at 1600 S. Ocean Blvd. in Lauderdale by the Sea, Florida, adjacent to Ft. Lauderdale, Aquazul is a beautiful direct Oceanfront Luxury Condo with only 79 Units and private Elevator entry to each Residence.  For those who prefer Residences of Contemporary design, Aquazul would be a great choice.

In 2010, 4 Condos in [...]]]>  

Located at 1600 S. Ocean Blvd. in Lauderdale by the Sea, Florida, adjacent to Ft. Lauderdale, Aquazul is a beautiful direct Oceanfront Luxury Condo with only 79 Units and private Elevator entry to each Residence.  For those who prefer Residences of Contemporary design, Aquazul would be a great choice.

Aquazul Condos Sold

In 2010, 4 Condos in Aquazul have been purchased.  Their purchase price range was $900,000 – $1,270,000. Of the Units purchased, none were Bank Owned Foreclosures and one was a Short Sale.  Sales details are as follows:

• Unit 1804, purchased for $1,270,000 on April 19, 2010
• Unit 604, purchased for $900,000 on April 28, 2010 (Short Sale)
• Unit 404, purchased for $1,025,000 on January 29, 2010
• Unit 1702, purchased for $900,000 on January 6, 2010

 Currently, none of the Units are under pending Contract for purchase.

Condos for Sale in Aquazul

Currently, there are 7 Aquazul Condos for Sale, listed in a price range of $899,000 for a 4th Floor Corner Residence – $1,699,000 for a 21st-Floor Corner Residence. 

Aquazul Foreclosures and Short Sales

None of the active listings are Short Sales or Foreclosures and County Tax Records indicate that there are currently zero Foreclosures or Pre-Foreclosures in Aquazul.  With a very low number of active listings for sale and minimal Short Sale or Foreclosure activity that has occurred in the Building, Aquazul is fortunate to be a very stable Building.

Click to review the full profile of Aquazul Condo and to view Condos for Sale in Aquazul.

Related information:

• Aquazul Condo
• Ft. Lauderdale Oceanfront Condos
• Ft. Lauderdale Waterfront Condos
• Luxury Condos sold in 2010
• Ft. Lauderdale area Contemporary Condos
• Ft. Lauderdale Intracoastal Condos
• Lauderdale by the Sea Waterfront Condos

Within the first 6 months of 2010, 12 Homes in Harbor Beach have been purchased.  10 of the 12 Sales were of properties that were listed on the MLS through Brokers and 2 were private sales.  The purchase price range of the properties was $601,000 [...]]]>

2429 Del Lago Drive in Harbor Beach

Harbor Beach Homes Sold

Within the first 6 months of 2010, 12 Homes in Harbor Beach have been purchased.  10 of the 12 Sales were of properties that were listed on the MLS through Brokers and 2 were private sales.  The purchase price range of the properties was $601,000 – $5,450,000.   The 2 Properties with the lowest purchase prices are located outside of the gated Harbor Beach Community and are located across the Street in Harbor Beach Extension, which has a Fixed Bridge, unlike the main area of Harbor Beach which DOES NOT have Fixed Bridge access to the Ocean. 

Purchase details of the Properties sold are as follows:

• 2550 Del Lago Drive, purchased for $5,790,000 on January 27, 2010 (private sale)
• 2429 Del Lago Drive, purchased for $5,450,000 on March 19, 2010
• 14 Isla Bahia, purchased for $4,200,000 on March 17, 2010
• 1300 W. Lake Drive, purchased for $4,100,000 on April 14, 2010 (private sale)
• 67 Isla Bahia, purchased for $3,500,000 on June 16, 2010
• 36 Isla Bahia, purchased for $1,500,000 on February 16, 2010
• 2461 Del Lago Drive, purchased for $1,425,000 on March 26, 2010
• 2561 Mercedes Drive, purchased for $1,400,000 on April 30, 2010
• 1400 E. Lake Drive, purchased for $975,000 on March 26, 2010
• 1660 SE River Lane Drive, purchased for $840,000 on March 15, 2010
• 1801 S. Ocean Drive, purchased for $755,000 on January 22, 2010
• 2543 Marion Drive, purchased for $601,000 on March 5, 2010

Click here to view pictures and features of the Homes that were purchased

All of the Homes that were purchased are Waterfront Ocean Access Properties. 2 were Short Sales and none were Bank Owned Foreclosures.

Harbor Beach Homes for Sale

Currently, there are 38 Homes for Sale in Harbor Beach.  Their price range is $500,000 – $23,000,000.  The lowest priced Homes are not located inside of the gated area of Harbor Beach and they also are not Waterfront.  The lowest priced Waterfront Home is priced at $1,850,000.   

In Harbor Beach Extension/Harbour Inlet, there are 5 Homes for sale, priced at $624,900 – $2,195,000.

Harbor Beach Foreclosures and Short Sales

Of the Homes listed for Sale in Harbor Beach, 1 is a Short Sale and none are Bank Owned Foreclosures. In Harbour Inlet (adjacent to Harbor Beach), there is a Bank owned Foreclosure listed for sale, a 3 Bedroom, 2 Bath Waterfront Home listed for $721,000.

Related Information

• Harbor Beach Homes for Sale
• Ft. Lauderdale Waterfront Homes
• Ft. Lauderdale Intracoastal Homes

“The Glass House” is quite appropriate because the House features Floor-to-Ceiling Windows and Sliding Doors that extend over 100′ across the entire back of the Home. 

This Home has the [...]]]>  ”The Glass House”

Friday, July 16, 2010, I attended the Grand Opening of “The Glass House,” a Contemporary, Luxury Home located in Lighthouse Point, FL,  just North of Ft. Lauderdale.

“The Glass House” is quite appropriate because the House features Floor-to-Ceiling Windows and Sliding Doors that extend over 100′ across the entire back of the Home. 

This Home has the distinct advantage of being one of the few Single Family Homes in the Broward County area that’s of Contemporary Architectural design.   In  a recent Blog post, I discussed how Single Family Homes of Contemporary Architecture are rare in our area.  Additionally, it’s also a Green Home that’s in the process of receiving LEED Certification, another rarity.

A few of the details and features include:

• Offered for sale for $2,495,000
• 4.3 KW Solar Panel system that generates Electricity for up to 50% of the Home
• Eco-friendly materials used where possible
• 100′ of Waterfront, 90′ Dock and Deck with Water and Electric
• 4 Bedrooms and 4 full Baths
• 3,831 Square Feet of Living area and 4,870 total Square Feet
• 3-Car Garage
• 20′ Ceiling in the Foyer and Living Room
• Limestone Tiles in the Living areas
• Bamboo Wood Floors in the Bedrooms
• Walk-in Closets in all Bedrooms
• Gourmet Kitchen with Italian Cabinetry, Gas Cooktop, Quartz Countertops, and more
• Spacious Master Suite
• 100′ x 100′ Lot
• 42′ x 12′ Lap Pool

The layout of the Floor Plan is very open, with a spacious “feel” and lots of Light.

Location

Located in the Hillsboro Isles Community in Lighthouse Point, the location is perfect for Boaters and offers Ocean access WITHOUT FIXED BRIDGES, less than 10 minutes to the Hillsboro Inlet to the Ocean (see Google Earth screenshot above).  The Community of Hillsboro Isles was established in the 1950′s and the Street where the Home is located is one where almost all of the original Homes have been replaced with Homes of newer Construction, with great values in the current market.

The Master Suite

Features Floor-to-Ceiling Glass, fabulous Pool and Water views, spacious Walk-in Closet, and beautiful Bath area.  

42′ x 12′ Lap Pool and Deck area is perfect for Entertaining and Relaxing

If you would like to schedule an appointment to view this Home or others or would like additional information, contact me for details.  

Related information:

• Lighthouse Point Waterfront Homes
• Ft. Lauderdale Contemporary Homes
• Ft. Lauderdale Contemporary Condos and Townhomes

Photo Credit:  Island Studio Photography (except 2 pictures that I shot, where indicated)

Within the 2nd Quarter of 2010 (April 1, 2010 – June 30, 2010), there were 26 Waterfront Ocean Access Homes in Pompano Beach that were purchased, per MLS and Tax Records,  with a purchase price range of $226,000 – $950,000. 

The properties are a combination of Homes that are Intracoastal [...]]]> Pompano Beach Waterfront Homes Market Report

Within the 2nd Quarter of 2010 (April 1, 2010 – June 30, 2010), there were 26 Waterfront Ocean Access Homes in Pompano Beach that were purchased, per MLS and Tax Records,  with a purchase price range of $226,000 – $950,000. 

The properties are a combination of Homes that are Intracoastal front and those that are located on Ocean access Canals.     Subdivisions where they are located are Boulevard Park Isles, Country Club Isles, Cypress Harbor, Cypress Lake Estates, Garden Isles, Harbor Village, High Ridge Estates, Hillsboro Harbor, Pompano Beach Park, Pompano Isles, Santa Barbara Shores, and Santamaria Harbor.

Within the same period of time, 205 non-Waterfront properties in Pompano Beach were purchased in a price range of $16,000 – $573,800.

Short Sales

Of the 26 Properties sold, 5 were Short Sales and their purchase price range was $270,000 – $470,000. 

Bank Owned Foreclosures

6 of the 26 Properties sold were Bank Owned Foreclosures and their purchase price range was $226,000 – $693,000.

Waterfront Homes for Sale

Currently, there are 122 active listings of Pompano Beach Waterfront Homes for Sale.  Their price range is $279,000 – $9,999,999.  The properties include direct Oceanfront Homes in the Community of Hillsboro Shores, Intracoastal front Homes, and Homes located on Ocean Access Canals.

Related Information:

• Pompano Beach Waterfront Homes for Sale
• Pompano Beach Oceanfront Homes
• Pompano Beach Homes for Sale
• South Florida Oceanfront Homes

2010 1st Quarter and 2nd Quarter sales at Sapphire total 40 closed [...]]]>

2nd Quarter 2010 Sapphire Condo Sales Update

The information below is an update to my April 9, 2010 post, which detailed 1st Quarter of 2010 Sales in Sapphire Condo when 19 Condos were purchased in Sapphire (Closed Sales as recorded in Broward County’s Property Tax Records).

2010 1st Quarter and 2nd Quarter sales at Sapphire total 40 closed sales!!!

2821 N. Ocean Blvd. and 2831 N. Ocean Blvd. Units Sold
(North and South Tower Sales) 

• Within the 2nd Quarter of 2010 (April 1, 2010 – June 30, 2010), 21 Closed Sales have been recorded in Property Tax Records, with a purchase date range of April 7, 2010 – June 24, 2010

• Their purchase price range was $313,000 – $690,000 (view details below)

Note:  The first number of the Unit number indicates the Floor that the Unit is located on.  Prices vary, based on size of the Unit, Water views, and Floor location.  Regarding Floor location, it should be noted that there are several Units on higher Floors that were purchased for lower prices than Units on lower Floors because of smaller size and/or inferior views (although it’s often assumed that higher Floors always have preferable Water views, that’s not the case if the Unit is positioned such that there are obstructions).  Additionally, there are a few finished and furnished Models that were sold.

North Tower Sales (2831 N. Ocean Blvd.): 

• Penthouse 7N purchased  for $675,000 on June 24, 2010
• #1106N purchased f or $375,000 on June 18, 2010
• #606N purchased for $330,000 on June 14, 2010
• #505N purchased for $525,000 on June 2, 2010
• #906N purchased for $368,000 on May 17, 2010
• #607N purchased for $440,000 on May 3, 2010
• #902N purchased for $377,000 on April 22, 2010
• #907N purchased for $470,000 on April 19, 2010

South Tower Sales (2821 N. Ocean Blvd.): 

• #303S purchased for $411,000 on June 11, 2010
• #405S purchased for $411,000 on June 11, 2010
• #905S purchased for $652,100 on June 7, 2010
• #805S purchased for $675,000 on June 2, 2010
• #1002S purchased for $322,000 on May 22, 2010
• #708S purchased for $450,000 on May 26, 2010
• #702S purchased for $313,000 on May 24, 2010
• #1005S purchased for $690,000 on May 18, 2010
• #601S purchased for $450,000 on May 12, 2010
• #606S purchased for $355,000 on May 10, 2010
• #706S purchased for $372,000 on April 30, 2010
• #707S purchased for $452,000 on April14, 2010
• #208S purchased for $365,000 on April 7, 2010

Sapphire Condos for Sale are currently available in a price range of $300,000′s – $800,000′s.   Recent sales activity in the Building is phenomenal and the Units with the best views are selling quickly.  With only 6 full months of 2010 complete and  40 sales already closed, that’s a definite indicator of significant improvement in the market and a very distinct shift from past market conditions.  Inventory continues to decrease and the number of Buyers who are closing sales continues to increase significantly.   Additionally, the majority of the best priced deals continue to sell quickly.  With the current volume of sales in Sapphire, I think they will probably be fully sold out by the end of this year or early next year.

Sapphire Condo is Fannie Mae approved, so purchases can be Financed through your choice of Lenders.  Recent purchases in Sapphire have included a mix of Cash purchases and financed purchases, with the majority being Cash instead of Financed, which is typical in our current market in which Cash sales account for approximately 50% of sales. 

Per Representatives at Sapphire Condo, additional Sales are currently pending.  When those sales are recorded in Property Tax Records, I will provide future updates (typically, sales are recorded in Property Tax Records online within 1-2 weeks after Closing). 

The location, Ocean, and Intracoastal views are beautiful.  Click to view the full Building profile for Sapphire Condo in Ft. Lauderdale. 

Related Information: 

• Sapphire Condo
• Sapphire Condo Floor Plans
• Decorator Ready Condos
• “It’s Raining Cash”: Cash Buyers in South Florida’s Real Estate Market
• Fannie Mae Approved Condos
• Ft. Lauderdale Oceanfront Condos
• Ft. Lauderdale Intracoastal Condos
• Ft. Lauderdale Waterfront Condos

The monthly 2010 Real Estate Market Report for Broward County is posted on my website.  View the full report and Charts here. 

Highlights:

Within the first 5 months of 2010 (January 1, 2010 – May 31, 2010), 181 Condos and Townhouses were purchased in Broward County in a purchase price range of $500,000 and above, as recorded in the MLS* and Property Tax Records. 

Oceanfront Condos in Ft. Lauderdale and in Cities nearby offer a variety of beautiful Atlantic Ocean views. Pictured above are Ocean and Beach views that I shot this week from Everglades House Condo, which is located at the entrance of Port Everglades, while showing Condos to interested Buyers.   A number of Residents I’ve spoken with who live [...]]]>

Oceanfront Condos in Ft. Lauderdale and in Cities nearby offer a variety of beautiful Atlantic Ocean views. Pictured above are Ocean and Beach views that I shot this week from Everglades House Condo, which is located at the entrance of Port Everglades, while showing Condos to interested Buyers.   A number of Residents I’ve spoken with who live in Buildings that are located at the entrance of Port Everglades said that they love the location, not only because of the fabulous Ocean views, but also because of its’ privacy in a Community of Single Family Homes and the frequent views of Cruise Ships and other Vessels as they enter the Port. 

If you want the Beach at your back door, direct Oceanfront properties are the best choice.   For those who are  interested in Intracoastal and Ocean views, a number of Condos have Residences that offer the best of both worlds, beautiful views both day and night. 

Related Information:

• Ft. Lauderdale Oceanfront Condos
• Ft. Lauderdale Intracoastal Condos
• Oceanfront Condo Market Report

Featured above is a Bank owned Foreclosure of a new Construction Single Family Home that’s offered for $650,000.  It has 5 Bedrooms, 4.5 Baths, a 3-Car Garage, Pool, Marble Floors, and 4,400 total Square Feet.  

The types of  Foreclosures available in the links below include Single Family Homes, Townhouses, and Condos, both Waterfront and non-Waterfront [...]]]>

Featured above is a Bank owned Foreclosure of a new Construction Single Family Home that’s offered for $650,000.  It has 5 Bedrooms, 4.5 Baths, a 3-Car Garage, Pool, Marble Floors, and 4,400 total Square Feet.  

The types of  Foreclosures available in the links below include Single Family Homes, Townhouses, and Condos, both Waterfront and non-Waterfront properties.   Waterfront Foreclosures currently available include Oceanfront, Riverfront, Intracoastal front, and properties located on Ocean Access Canals. 

The majority of properties in Broward County are not Waterfront properties.  That being the case, the majority of the Foreclosure Inventory is non-Waterfront property, however, many properties are located within close proximity of South Florida’s Beaches and East areas. 

View detailed information here  about placing Offers on Foreclosure properties.

Below are links to view current listings of Bank Owned properties located in Broward County in Ft. Lauderdale and other Cities nearby.   

Foreclosure Listing Links

• Single Family Homes
• Condos and Townhouses

Most Bank Owned properties are purchased quickly, so Foreclosure Inventory changes frequently.   The Foreclosure page on my website includes current listings of Foreclosures, categorized by price range, property type,  and location,  including information about Ft. Lauderdale Waterfront Foreclosures.   Contact me if you would like to customize your search and want to receive listing updates of Foreclosures when they become available.

Buyers who are interested in purchasing a Condo always ask what’s required for Condo Insurance and many are initially unaware that the monthly Maintenance Fee for Condos INCLUDES payment for exterior Property.  When you’re purchasing a Condo, the additional Insurance that’s required beyond exterior Property Insurance is coverage for the interior of your Condo and your personal [...]]]>

Buyers who are interested in purchasing a Condo always ask what’s required for Condo Insurance and many are initially unaware that the monthly Maintenance Fee for Condos INCLUDES payment for exterior Property.  When you’re purchasing a Condo, the additional Insurance that’s required beyond exterior Property Insurance is coverage for the interior of your Condo and your personal Contents. 

The price of Interior & Contents Insurance varies, depending on a number factors, which include, but aren’t limited to, the Building where the Unit is located, the size of the Unit, the Deductible, and the amount of personal valuables that will Insured.  Buyers usually ask me to give them an idea of how much this Insurance will cost.  My experience when working with Condo Buyers is that a basic Policy for an average size Unit, that provides moderate coverage, will typically be in the range of $800.00 – $1,000.00 yearly, however, please note that you must always obtain Quotes  from Insurance Agents in the process of securing an Insurance Policy for your Condo prior to Closing.

Related Information:

• Condo Maintenance Fees
• Condo Checklist for Buyers
• South Florida Condo Inventory and Sales
• Ft. Lauderdale Waterfront Condos
• Ft. Lauderdale Oceanfront Condos
• Las Olas Condos
• Ft. Lauderdale Intracoastal Condos
• Ft. Lauderdale Waterfront Townhouses
• Ft. Lauderdale Property Tax

Pictured above is a Penthouse at Las Olas River House that was purchased for $3,000,000  on March 8, 2010.  I viewed it when showing Penthouses to interested Buyeres and it’s absolutely a stunning, Contemporary Masterpiece (designed by Interiors by Steven G).

I’m currently working with several Buyers who are interested in purchasing [...]]]>

Las Olas River House Penthouse

Pictured above is a Penthouse at Las Olas River House that was purchased for $3,000,000  on March 8, 2010.  I viewed it when showing Penthouses to interested Buyeres and it’s absolutely a stunning, Contemporary Masterpiece (designed by Interiors by Steven G).

I’m currently working with several Buyers who are interested in purchasing Single Family Homes and Condos that are of Contemporary Design.   Property Inventory varies drastically, depending on what you’re searching for, and Homes of Contemporary design just aren’t the majority, particularly not in the Inventory of Single Family Homes.  There are more Contemporary Residences to choose from with Condos and Townhomes, but even then, there’s more Traditional than Contemporary.  

When searching for Contemporary Homes online or in the MLS, there isn’t a little Box that you can check off in order to narrow your search results, so finding such Homes is a matter of carefully reviewing the pictures and details of many listings, one-by-one, in the process of searching for the right Home and I spend many Hours completing highly customized Property searches for my Buyers, whether they’re looking for Contemporary properties or others.

To help narrow your online search for Contemporary properties, I reviewed a few Hundred each of Single Family Home, Condo, and Townhouse listings, selected the ones that are Contemporary in Interior Design (or very close to it), and prepared customized showcase pages of these Properties on my website, that are located in Ft. Lauderdale and other nearby Cities.

View them here:

• Ft. Lauderdale Contemporary Homes
• Ft. Lauderdale Contemporary Condos and Townhomes

I think these Properties will definitely be of interest if ”Classic”, “Traditional”, “Old World”, and “Ornate” are not on your Wish List.

Of course, if you don’t find a Property that’s already designed to fit your needs, you can always choose to hire a Designer to remodel an existing Home and create the perfect Masterpiece, something that many Buyers choose to do.     Decorator Ready/Designer Ready/Unfinished Homes are also a great choice since Flooring, Paint, Molding, etc. are waiting to be customized by you.

Several Design Firms that I recommend include:

• Greight Spaces
• Interiors by Steven G
• Toby Zack Designs
• Robb & Stucky Interiors
• Perla Lichi Design
• Michael Segal Interior Design
• Shuster Design Associates