Thursday, December 29, 2011

Manalapan Real Estate | MLS #R3139803 | 1370 S Ocean Blvd

Manalapan Real Estate

1370 S Ocean Blvd | MLS #R3139803

 Broker's Comments:  Ocean to lake compound situated on over 2 acres. Magnificent views privacy & luxury.  Library, billiard room, theater, & fitness center.  Resort style pool & spa, guest house, tennis court, 2 ponds & dock.  Many new improvements.


Property Details:
List Price:  $16,595,000
Address:  1370 S Ocean Blvd, Manalapan FL  33462
Subdivision:  Gedney Versus Pierson Comms Map
Living Area Sq Ft:  17,894
Total Building Sq Ft:  31,021
Bedrooms:  7
Bathrooms: 14 Full and 4 Half
Garage:  8
Water Frontage:  305
Year Built:  1972
Total Floors:  4


Room Dimensions:
1370 s ocean manalapan room dimension

Directions:  On Ocean Blvd, South of The Ritz Carlton
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Listing History:  the  home has been listed on and off since late 2009

1370 s ocean manalapan fl listing history
Click to Enlarge
Listing courtesy of Sothebys International Realty - data obtained from RMLSFL on Dec 26, 2011

Florida Luxury Real Estate

Wednesday, December 28, 2011

Delray Beach Real Estate | MLS #R2970880 | 733 N Ocean Blvd

Delray Beach Real Estate

733 N Ocean Blvd | MLS #R2970880

Broker's Comments: FULLY RESTORED SPECTACULAR DIRECT OCEANFRONT RESIDENCE WITH IMPACT GLASS SLIDING DOORS THAT OPEN FOR SEA BREEZES AND MAGNIFICENT ENTERTAINING OPTIONS. BREATHTAKING WATER VIEWS AND 120 +/- FT OF PRISTINE BEACHFRONT IN DELRAY BEACH.BEAUTIFULLY APPOINTED, OFFERING A CHARMING AMBIANCE AND THE LUXURY OF OCEAN FRONT LIVING. STATE-OF-THE-ART KITCHEN, MEDIA RM,3-CAR GARAGE, ELECTRIC GATE, ONLY 8 BLOCKS FROM ATLANTIC AVENUE.


Property Details:
List Price:  $7,500,000
Address:  733 N Ocean Blvd, Delray Beach, FL  33483
Subdivision:  Palm Beach Shore Acres Rev
Living Area Sq Ft:  6,387
Total Building Sq Ft:  8,448
Bedrooms:  7
Bathrooms: 6 Full and 1 Half
Garage:  3
Water Frontage:  120
Year Built:  1992
Total Floors:  2


Room Dimensions:
733 N Ocean Blvd Delray Beach room dimensions

Directions:  On East side of Ocean Blvd.  Just North of Linton Road

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Listing History:  as of Dec 26, 2011 this home had been listed for 1153 Days

733 N Ocean Blvd Delray Beach real estate listing history
Listing courtesy of Van Arnem Properties Inc - data obtained from RMLSFL on Dec 26, 2011
 Oceanfront Homes for Sale in Manalapan, Florida
Florida Luxury Real Estate

Tuesday, December 27, 2011

Hillsboro Beach Real Estate | MLS #R3184130 | 991 Hillsboro Mile

Hillsboro Beach Real Estate

991 Hillsboro Mile | MLS #R3184130

















Broker's Comments"Brand New" Gated Italianate-inspired Ocean to Intracoastal Estate on prestigious Hillsboro Mile. Lavish appointments, detailing and superb craftsmanship exude throughout this spectacular estate.Designer furnished by Robb & Stucky. Resort-Style pool/patio. 100'+/- of yacht dockage minutes to the Hillsboro Inlet. DIRECTLY ON THE OCEAN IN EXCLUSIVE HILLSBORO MILE - INCREDIBLE DETAILS THROUGHOUT, YOU HAVE NEVER SEEN DETAIL LIKE THIS, Oceanside office, billiard room, wine tasting room, State of the Art Home Theater, Resort style pool, Stone Exterior,faux finishes & Venetian plaster,custom crown moldings, Oceanfront Office, Master Suite w/ Day Bar. Safe Room. Security Cameras. Crestron Lighting & Media system.



Property Details:
List Price:  $15,340,000
Address:  991 Hillsboro Mile, Hillsboro Beach, FL  33062
Subdivision:  Hillsboro Beach / Acreage & Unrec Plats
Living Area Sq Ft:  11,288
Total Building Sq Ft:
Bedrooms:  7
Bathrooms: 8 Full and 3 Half
Garage: 8 spaces
Water Frontage:  100
Year Built:  2009
Total Floors:  3

Room Dimensions:
991 hillsboro mile florida room dimensions

Directions:  AIA North of Hillsboro Inlet

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Listing History:  as of Dec 25, 2011 this home had been listed for 1188 Days

991 hillsboro mile florida listing history

Listing courtesy of Housepad, LLP - data obtained from RMLSFL on Dec 25, 2011

Saturday, November 12, 2011

November 2011: Highland Beach - Oceanfront Real Estate Market Update for Single Family Homes

Current list of oceanfront homes for sale in Highland Beach:

highland beach oceanfront homes for sale november 2011
Click to Enlarge
From the list above, we see that there are currently 9 oceanfront homes for sale in Highland Beach, Florida.  If you have been looking to buy for a while, most likely you have already seen these homes.  You need to reference the column CDOM that stands for Collective Days on Market.  Sometimes agents like to take a home off the market and put it back on the market to make the DOM (days on market) look like a new listing, but in fact the home has been listed for sale for quite some time. And this is why I am going to use the CDOM.  There are 2 homes on the list above, 4521 S Ocean Blvd and 4621 S Ocean Blvd, that have been listed for 3 years and many other appear to have been listed between 1-2 years.  I just find it interesting that the longest shelf life on the list above is either the least expensive and most expensive listing out of all the oceanfront homes for sale in Highland Beach.
Currently there are no homes under contract for Sale in Highland Beach and there has just been one close sale in the last three months:

highland beach oceanfront homes sold last 3 months november 2011
Click to Enlarge
[one_half]2367 s ocean blvd highland beach[/one_half]2367 S Ocean Blvd: Major gated and walled Italian-inspired Oceanfront estate sited on 1+/- acres is designed to reflect the modern lifestyle with contemporary amenities. Magnificent motor court, gardens, fountains and verdant beachfront lawn. Glamorous main and guest house, newly furnished by award-winning Marc-Michaels Interior Design.  Here is a house that has been listed on and off the market since 2008, starting with an original list price of $18,900,000 and believe it or not, sold in April 2010 for $12,650,000.
The home then gets relisted for sale just a few months later, September 2010 for $14,950,000. There has to be some type of story behind this because the home then sells once again in November 2011 for $14,000,000.  That's right, almost $1.5 million more than when it was sold 1.5 years ago.  And we all thought the luxury real estate market was still taking a hit.

Click for Oceanfront Condo Update in Highland Beach, Florida

Sunday, October 30, 2011

November 2011: Boca Raton Condo "Mizner Grand" Real Estate Market Update

On October 30, 2011, these are the current Condos for Sale in the Mizner Grand in Boca Raton, FL:
Condos for sale Mizner Grand in Boca Raton
[one_half]mizner grand boca raton [/one_half]This condo actually is not oceanfront.  It is situated on the Intracoastal, right in the heart of Lake Boca Raton.  And If you are on a high enough floor, I believe from 6 and up, you will definitely see the ocean.  The higher the condo floor, the better your view of the ocean.  The Mizner Grand is also located on grounds of the Boca Raton Resort which has it's own perks.    If you are in the luxury condo market in South Florida, I believe this building has the best value out there.  It's a full service building with some of the highest standards out there.  I know because I have family that lives there and they remind me of it all the time.  And since I have multiple family members in there, I get all the best gossip of who is going to list and why people are selling....aka knowing the "motivational sellers"
In the Mizner Grand, there are 2 main floor plans that I have seen, the 3 bedroom + media room/den (approx 4200 sq ft)  and the 4 bedroom + media room (approx 5200 sq ft).  And if you are looking the list above, you will see there is a monstrous +8400 sq ft condo which is actually a double apartment.  And to boot, it's the penthouse.  My family members all have the larger 4 bedroom + media room condos.  Whenever they entertain, people fall in love with the floorplan and the view.  If you reference the list above, there are only 2 current on the market;  400 SE 5th Ave #504 and 550 SE 5th Ave #504S.  All of the other listings, with the exception of the penthouse, are the smaller floor plan.  That floor plan does not give the same feeling as the larger floor plan, not just because of the missing extra bedroom and 1000 sq ft of a/c living space, but the kitchen and family room are located in the back of the condo overlooking the parking lot versus the larger model where the kitchen/family room, living room and master bedroom all overlook the Intracoastal, Lake Boca Raton and the Ocean if you are on a high enough floor.
Besides the floor plans, which building you are located in tends to play a big role in the overall feel people get in the condos.  There are several buildings that make up the Mizner Grand.  I would avoid the building closest to the Resort because for a few reasons.  The obvious being privacy, but the hidden reason is the noise from the trucks pulling up to the back of the hotel as well as the garbage trucks at the break of dawn.  If you are light sleeper, choose a different building.  I like the central buildings because they give you the best view of Lake Boca Raton and Intracoastal with no obstructions.
[one_half]

boca raton real estate mizner grand sold year to date
Click to Enlarge
[/one_half]As of today, there are no condos under contract for sale.  Year to date there have been 7 sales.  If you click the image to the left "Click to Enlarge," it will show you the details of the sales.  Sales have been in the high $1 million to low $2 million range, with the exception of a custom Shuster Design Associates condo selling around $3.2 million.  Even though the Mizner Grand is a top notch development, it is not prone to the real estate bubble.  A few years back, the condos were easily selling in the high $2 to $3 million range.

Wednesday, October 19, 2011

October 2011: Manalapan - Oceanfront Real Estate Market Update

Current Oceanfront Homes for Sale in Manalapan:
oceanfront real estate florida manalapan
As of October 18, 2011, there were 8 oceanfront homes for sale in Manalapan ranging in price from $6 million all the way up to $35,900,000.  From the chart above, we can see that most of the homes have been on the market for several months, if not longer in terms of years.  The newest listings appear to be 860 S Ocean Blvd and 1555 S Ocean Blvd, both on the market for approximately 3.5 months.
There are currently no homes under contract for sale, but when we look at recent sales, those over the last 90 days, there were two closings in Manalapan:
oceanfront real estate florida manalapan solds
This time we’ll do something different when looking at the closed sales in the neighborhood.  Let’s take a look at the property’s history on the MLS.  First let’s start with 860 S Ocean:
oceanfront real estate florida manalapan 820 s ocean
820 S OCEAN
The home is described as “This unique property offers a premier direct ocean-to-intracoastal setting situated 20+/- feet above sea level, consisting of 2+/- acres with 225+/- feet of beachfront and intracoastal splendor.” From the above, we can see the property has been on and off the market since 2007.  So from the first look, it looks like this home sold in 291 days (we can tell this by looking at the DOM).  But in reality, it took 4 years and 8 months to sell (closer to 1780 DOM).  From looking at the property’s history, looks like the buyer definitely made out nicely by purchasing a luxury home in a buyer’s market.  If we reference the graph above, the home was listed right at the end of the Seller’s market in 2007 for almost $37 million.  The property ended up closing for $25.5 million.
Next let’s look at 1110 S Ocean Blvd‘s recent history:
oceanfront real estate 1110 s ocean history
1110 S Ocean is a pretty large home with over 21,000 sq ft under air.  A total of 7 bedrooms, 11 full baths, 3 half baths, and a 12 car garage.  It’s a new construction home started from what looks like in 2009 from the MLS records.  Here we see another buyer taking advantage of weaker prices in the luxury real estate market.  The home originally was listed in 2009 for $25 million, and ended up closing in September 2011 for $15 million.  Another $10 million discount.  Maybe there is a theme developing.

Sunday, October 16, 2011

October 2011: Boca Raton - Oceanfront Real Estate Market Update

Current Oceanfront Homes for Sale in Boca Raton:
boca raton oceanfront real estate
On October 16, 2011, there are two homes in Boca Raton listed as Oceanfront.  Here is a pure violation as Boca Harbour is not located on the ocean or near the ocean, but rather on the West side of the Intracoastal Waterway.  I think if 838 NE 70th Street were a true oceanfront home in Boca Raton, we are missing a digit in the price.  Since this home is not on the Ocean, it should be disrerded as oceanfront, but it's up to the listing agent/broker to take care of this violation.
Now 2601 N Ocean Blvd is a real oceanfront home in Boca Raton.  If you ever drive along A1A in Boca, you will notice the lack of homes along the ocean.  There are plenty of condos for sale, but homes are scarce.  Just like Manhattan where there is only so much space, so the best way to develop real estate is in high rises.  This holds true in Boca.  2601 N Ocean is listed for $22 million.  It is decribed as "Clean, Modern, Elegant, Beachfront Smart House.  Priced Fully Turnkey with the latest and greatest technology."
If you are looking for an oceanfront condo in Boca, there is more of a selection.  There are 36 oceanfront condos on the market in Boca that are priced over $1 million.  They range in price from $1,049,250 at the 5 Palms on Palmetto Park Rd all the way up to $15,250,000 for the penthouse apartment at One Thousand Ocean.
There are no oceanfront homes in Boca that have sold over the last six months or are under contract, but there are 3 oceanfront condos in Boca under contract (2 in Addison and 1 in Luxuria) for sale and 18 others have closed during the year.
boca raton oceanfront real estate sold