Monthly Archives: February 2009

Featured Property of the Week

The Smiths – Luxury Resort Portfolio
and
Premier Estate Properties Inc.

Invite You To View Our Featured Property

President’s Day Weekend
Open House Tour

Sunday, February 15th
Hours: 2:00 pm – 5:00pm

click on image to view

Long Lake Estate
8465 Twin Lake Drive
MLS# R2984556
Asking Price $5,295,000

Please RSVP for Gate Access
Contact: 561.445.2299

A quiet tropical oasis, prestigious Long Lake Estates offers the utmost privacy with large estate properties nestled on a serene lake in gated seclusion. In a beautiful lakefront setting, this expansive Long Lake Estate brings together state-of-the-art luxury and gracious Old World character in Boca Raton, Florida.

Grandly scaled for indoor/outdoor entertaining, this sprawling Long Lake Estates 14,000+/- square-foot home lends an inviting atmosphere with a subtle palette and charming Moorish-inspired details. Turkish marble floors, coffered ceilings, and stone columned archways are showcased throughout.

Accented with an elaborate floor-to-ceiling stone fireplace, the soaring formal living room is dominated by dramatic lake views across the infinity-edge pool. An outdoor fireplace appoints the lovely lakeside loggia by the pool. Family, staff, and guests enjoy maximum privacy with seven bedrooms including a luxurious master suite, VIP suite, guest wing, upper-level staff quarters, and a separate guest house. Distinguished by exceptional design and impeccable appointments, this magnificent Long Lake Estates residence affords luxurious lakefront living in an exclusive estate enclave.

For further information or if you wish to see your property featured here.
Please Contact:
The Smiths – Luxury Resort Portfolio
(561) 445-2282

The Smiths- Luxury Resort Portfolio
A Transaction Brokerage Team Representing Both Buyers And Sellers
___________________________________

The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale. All information is derived from the Palm Beach County Property Appraisers website and the MLS.
The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale.

All information is derived from the Palm Beach County Property Appraisers website and the MLS.

Florida Property Taxes Down In Each Of Last 2 Years

TALLAHASSEE, Fla. (AP) – Feb. 11, 2009 – A pair of tax-relief measures passed in the last two years have helped reduce property taxes for Floridians after three decades of steady increases, according to reports presented Tuesday in the state Senate.

Senate and Department of Revenue staffers told the Senate Finance and Tax Committee that non-school property tax collections dropped 2.1 percent in 2007 after the Legislature ordered a tax rate rollback. Then they dropped 3.8 percent in 2008 after voters approved a tax-cutting constitutional amendment.

Those decreases come after 32 years of average annual increases of 10 percent.

School property taxes are exempt from parts of the tax-relief measures, but they are also dropping because of declining property values across the state. That’s expected to cut school revenues by up to $1 billion in the next budget year, which begins July 1, unless lawmakers increase local school tax rates or find state dollars to replace that money.

Sen. Thad Altman, the committee’s chairman, said he was satisfied that non-school taxes have dropped but Florida’s property tax structure remains unfair. That’s due mainly to the Save Our Homes Amendment adopted in 1992. It gives tax breaks to owners of primary homes but shifts the burden to other taxpayers including recent homebuyers, businesses and owners of second and vacation homes.

Primary homeowners “who happened to buy when the market was high are paying relatively high taxes and those who bought when the market was low many, many years ago … are paying much less,” said Altman, R-Melbourne. “We haven’t really solved the heart of the problem.”

Altman said it’s unlikely lawmakers will solve it this year, either, because that would require amending the Florida Constitution. It would take a three-fourths vote in each chamber to call a special election to amend the constitution this year but only a three-fifths vote to put an amendment on the 2010 general election ballot.

“We need to be deliberate when we amend the constitution,” Altman said. “I don’t think you’re going to see a big rush to get constitutional amendments on the ballot this year because we’re going to have another year of deliberation.”

One provision of the tax-cutting amendment voters approved in January 2009 has not panned out as expected due to the state’s housing slump and national credit crunch. It allows homeowners to take part of their Save Our Homes benefits with them when they move.

This “portability” measure had been forecast to cut taxable values by $11.6 billion last year, but the actual figure was only $3.4 billion with just 42,647 homeowners taking advantage of it.

An extra $25,000 exemption for primary homes on non-school taxes in addition to an existing $25,000 exemption on all taxes cut taxable values by $92 billion. That’s slightly more than predicted.

A new $25,000 exemption on the tax paid by businesses for equipment, furniture and other tangible personal property cut $7.9 billion in property value, about $3 billion less than forecast.

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The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale. All information is derived from the Palm Beach County Property Appraisers website and the MLS.

The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale.

All information is derived from the Palm Beach County Property Appraisers website and the MLS.

Long Lake Estates Open House

The Smiths – Luxury Resort Portfolio
and
Premier Estate Properties Inc.

Invite You To View Our New Listed Estate

President’s Day Weekend
Open House Tour

Sunday, February 15th
Hours: 2pm – 5pm

Long Lake Estates

8465 Twin Lake Drive
Boca Raton, FL 33496

Offered at $5,295,000

A private haven in a lushly landscaped lakefront setting, this sprawling Long Lake Estates Moorish-inspired estate affords unparalleled indoor/outdoor entertaining with 14,000+/- total square feet. Superbly scaled and elegantly detailed, this stately Long Lake Estates lakefront villa offers 7 Bedrooms, 8 full and 3 half Baths, and a 6-bay Garage, replete with hurricane impact glass, back up power generator, and state-of-the-art home theatre. Please join us this weekend and view this masterpiece of Old World style and elegance.

RSVP by Saturday, February 14th.
(You must RSVP for gate access into the community and the open house guest list)
Contact: (561) 445-2299
or Email:
Carla@LuxuryResortPortfolio.com

____________________________
The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale. All information is derived from the Palm Beach County Property Appraisers website and the MLS.
The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale.

All information is derived from the Palm Beach County Property Appraisers website and the MLS.

Featured Property of the Week



The Smiths- Luxury Resort Portfolio

A Transaction Brokerage Team Representing Both Buyers And Sellers


click on image to view

Mizner Country Club
Del Prado Drive
MLS# R2962107
Asking Price $2,395,000


Classic Mediterranean design is touched with the relaxed ease of Santa Barbara style in this magnificent Mizner Country Club custom residence, just completed in 2007, created by nationally renowned builder Tuscan Harvey Estate Homes. The gracious Mizner Country Club lifestyle begins upon arriving at the impressive entrance court, finished with handsome bricks reclaimed from an historic Palm Beach mansion, and continues throughout this eminently inviting residence placing equal emphasis on comfort and aesthetics.

Replete with select stone and rich hardwoods, the wonderfully bright rooms flow onto luxurious outdoor living spaces presenting a dining loggia aside the over-sized pool with spa. Here, stunning views reaching over groomed fairways are maximized from the superb over-sized Mizner Country Club golf course lot. Every discerning requisite is met in this flawless estate in Mizner Country Club, one of South Florida’s best-kept secrets.

For further information or if you wish to see your property featured here.
Please Contact:

The Smiths – Luxury Resort Portfolio
(561) 445-2282
___________________________________________

The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale. All information is derived from the Palm Beach County Property Appraisers website and the MLS.
The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale.

All information is derived from the Palm Beach County Property Appraisers website and the MLS.

Mizner Country Club – Open House


Preview Two of Our Custom Built Listed Estates

Mizner Country Club – Capri Enclave

Open House

Tuesday, February 3rd 2009

11:00am – 1:00pm

Please RSVP to Carla Ferreira-Smith (561) 445-2299 for Gate Access



15956 D’Alene Drive – Delray Beach

Offered at $2,675,000

15988 D’Alene Drive – Delray Beach

Offered at $2,395,000

________________________________________

The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale. All information is derived from the Palm Beach County Property Appraisers website and the MLS.
The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale.

All information is derived from the Palm Beach County Property Appraisers website and the MLS.