Category Archives: Country Clubs

Boca Raton and Delray Beach Luxury Real Estate Listings and Home Sales

If you are interested in previewing any of the prominent Boca Raton or Delray Beach luxury real estate listing comprising our unprecedented Palm Beach County Luxury Resort Portfolio, receive additional information for any listed property in South Florida or gain maximum Global Marketing Exposure for your residence… Luxury Resort Portfolio would welcome the opportunity to be of service to you.

It is with great pride that we
"Invite You To Experience Our Expertise"

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Luxury Resort Portfolio Proudly Presents Our Newest Feature … “The Property Organizer”


The Smiths
proudly present our latest addition to the
Luxury Resort Portfolio Website
the
Luxury Resort Portfolio-Property Organizer
with
“Hot Sheet Updates”

Now you can get the newest listings in your Email Box!
Sign up for the Luxury Resort Portfolio -“Hot Sheet Updates”
and get the latest property reports and photos
as they come on the market!

Customize Your Search!
Customize How Often You Wish To Be Updated!

Simple to Sign Up & Free !!!

Compliments of The Smiths-Luxury Resort Portfolio

How Do You Sign Up? It’s Quick and Easy!

  1. Click on the image above
  2. Click on “Sign Up For Free Service”
  3. Complete the 4 Easy Steps!

The Property Organizer is an organizing tool that makes it easy to search for properties and to keep track of properties you are interested in. Whenever you see property listings that you like, you can save them for future reference and for sharing with family members and friends. The Property Organizer also allows you to easily manage your Email Update service and save your search criteria for later use.

If you have any questions on how to set up specific community searches,
please call or email Philip at (561) 445-2282 or Philip@LuxuryResortPortfolio.com
for assistance. We can set up the customized searches for you

___________________________________________________

For further information or if you wish to see your property featured here.
Contact:The Smiths – Luxury Resort Portfolio
at (561) 445-2282 or (561) 445-2299


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: Activity

Happy Fourth of July!

Welcome Back! We wish everyone a wonderful and relaxing holiday weekend. Since we would like to enjoy our day as well, here is a quick review for the week.

Mizner Country Club as of today has (62) Active Listings, (2) Pending, and (9) Total Solds for the year. One (1) new listing also came on this week. Lets Begin!

Just Sold By The Smiths



The Smiths – Luxury Resort Portfolio, this week closed on 15975 Laurel Creek Drive (Model: Carrington). We had a successful sale on this property in only 137 days! (See Below)

Just Listed By The Smiths



16372 Braeburn Ridge Trail (Model: La Serena-Expanded)



List Price: $ 1,010,000

Magnificent golf fairway estate sited on a lush landscaped oversized lot with circular drive. Two story dining and living rooms, extensive millwork, expanded VIP Suite, French doors, tranquil pool and entertaining area with raised decorative tiled spa. 4 bedrooms, 5 full and 1 half baths, 5,120 +/- total square feet. (View Below)



Price Changes

8060 Laurel Ridge Court (Model: La Serena-Expanded)

Newly priced to $1,049,000 from their original list price of $1,139,000. Majestic customized Mediterranean estate sited on an oversized golf fairway lot with large side yard and expanded pavered driveway. Fabulous open floor plan with soaring 21ft ceilings, curved stair tower, gourmet kitchen, and extended VIP Suite. 4 bedrooms, 5 full and 1 half baths, 5,120 +/- total square feet. (View Below)





16208 Mira Vista Lane (Model: Carrington)

Newly priced to $1,149,000 from their original list price of $1,351,000. Statuesque mediterranean estate commands emerald vistas across the Arnold Palmer Signature links. Manicured tropical landscaping. Circular drive. Individual His/Hers master baths with gentlemen’s steam shower. 5 bedrooms, 5 full and 1 half baths, 5,588 +/- total square feet. (View Below)





16223 Andalucia Lane (Model: Segovia-Custom)



Newly Priced at $1,725,000. Magnificently customized and upgraded mediterranean estate with picturesque lake front and golf fairway vistas. Exquisite decorative travertine marble floors, box beam ceilings with inlaid crown molding and faux paint. Accordion hurricane shutters, gas back-up generator and fireplace. 5 bedrooms, 5 full and 2 half baths, and a 3-bay garage in 6,080 +/- total square feet. (View Below)





16217 Andalucia Lane (Model: Carrington)

Priced reduced to $1,579,999 from the original listing price of $2,199,000. The home was built in 2003. (View Below)



For detailed information on any of the above properties,

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

NOTE:

Remember to visit our corporate blog at

https://LuxuryResortPortfolio.blogspot.com

If you are subscribed to our corporate blog, you are NOT automatically subscribed to the Mizner Country Club – Real Estate News. They are two separate published newsletters. Please subscribe today and start receiving the latest updates in Real Estate News. Thank you again for all your support and best wishes!

Philip and Carla Smith

The Smiths – Luxury Resort Portfolio

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.

Making The Cut: 5 Signs That It’s Time To Cut Your Asking Price

Sluggish housing markets are filled with listings that are lingering on the market, prompting many home sellers to ponder a price cut

A seller’s reality check may often come to late. Usually after their listing produces very few showings or a prospective buyer is lost to a competing — and lower-priced — home just down the block.

In this very price driven market, no longer are buyers letting their emotions interfere when they decide to buy a home — they’re out there looking for deals! Most listing agents feel, “Many sellers whose homes are sitting on the market without a buyer in sight had unrealistic expectations from the start.” Most sellers don’t want to price their properties where they need to be to result in a completed sale of their home.

How can sellers tell if their homes are overpriced? Look for the following signs:

Not Enough Showings

A home is likely overpriced if it doesn’t get any showings in the first couple of weeks it’s on the market. Even more proof a price cut is needed: Buyers and /or Agents are interested enough to call the listing agent for information on the home but still aren’t scheduling showings.
Seasoned Agents feel, if a home doesn’t make a buyer’s “showing cut,” and people don’t think it’s worth the time, hassle or gas to deserve a look, it’s likely overpriced. Worse yet, if other real estate professionals fail to bring their buyers to the property because of the list price… now you have the real estate community rejecting the asking price. If you can’t get people into your home, it’s highly unlikely that it will sell.

Some Showings, But Still No Contract, No Offers

Perhaps the number of showings isn’t a problem, you have great agents (most likely… The Smiths) that have brought a number of prospective Buyers through your home, and yet there still have been no offers. If you’re getting showings but not getting a contract, that means you’re still not quite low enough in your asking price. Most likely it means, you’re close, but there’s so much competition out there. You have to be priced with along the lines of the homes that ARE SELLING. Don’t make the mistake of wanting to stick at the current List Price with the homes that are also sitting there on the market and NOT SELLING. A basic guideline that real estate professionals use is: 10 showings and no offer or two consecutive weeks with no showings, you are most likely overpriced for the current market. This is true especially in this very competitive market.

Similar Homes Are Now Selling For Less

In markets where the median price keeps falling, it’s important to regularly monitor what homes are selling for. Your Real-estate agent should provide you with up-to-date information on the market to determine whether the home is still priced correctly. When you start off at the wrong number to begin with its called “chasing the market”. Sellers have no issue with increasing their list prices when the market is going up… However, when the market starts to soften they have difficult issues with adjusting their list prices. Historical data isn’t quite so powerful anymore. You have to look at what is selling now, and what it is selling for. That’s what your property is worth today. Forget about what things sold for 3 months or even 6 months ago… Take a look at what the last sale was, and that is what the new number will be. Don’t “chase the market down,” be priced right and get your house sold.

Repeated Negative Feedback

If buyers who do walk through the home have the same negative reactions to it, that could be another red flag that the price needs to be dropped. Buyer feedback, collected from your real-estate agent, may reveal what the other houses in the same price range have different from your listed property. Listen to your listing agent, they sell homes for a living. They do this everyday and have professional knowledge of what today’s Buyers like and dislike in their home search. Sellers are thinking from an emotional point of view, they are emotionally invested in their home and sometimes can’t see the deficiencies in the property because… lets face it, “IT’S THEIR HOME!” But once you put your home on the market it no longer is your home, it is inventory on the market. Be open to the cosmetic changes or areas that might need a remodel, that might be the one thing needed to attract buyers. To address the disparity, sellers can either make the needed remodel or cut the price. Buyers are extremely fussy these days and the least they see to “un-do” in a property the better position a seller will be in. Remember that the Buyers out there do not necessarily like all that you have done in your home. Don’t become sensative when you hear the feedback. Embrace it! Fix it! Then you can Sell it! Remember…You can sell anything anywhere. If the price is right it will sell.

You’ve Cut the Price, But Not By Enough

If a price cut is in order, don’t cut by small increments. Several smaller decreases could make a seller look desperate, but a larger decrease will generate more interest. A small price reduction is nothing in the grand scheme of things. Again, a big mistake is pricing the home too high from the start, real-estate agents say. Not only could overpricing lengthen the time on the market, but it could also cause the home to sell at a greater discount in the end. That’s because prospective buyers often get the impression that there’s something wrong with stale listings or, worse yet, buyers assume the seller is desperate and willing to accept a much lower price.

The Smiths say, “Your first three weeks are critical — you’ll have your most showings with the most potential, qualified buyers, those that are out there waiting for something that matches their needs to come on the market. Don’t blow it by overpricing.”

Please Visit Our Latest Addition ans Subscribe Today:
Mizner Country Club – Real Estate News

For Information on Searching For a Property in South Florida
or Listing Your Home, Please Call:
The Smiths – Luxury Resort Portfolio at (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.

Featured Property of the Week

Mizner Country Club
Delray Beach, Florida

16223 Andalucia Lane
Offered at $1,725,000

(please click image to view additional photos/virtual tour)

Location: Andalucia Lane, Delray Beach, Florida. A luxurious new golf course community, Mizner Country Club captures gracious Palm Beach style centered on an 18-hole Arnold Palmer signature golf course. The award-winning Grande Clubhouse is accompanied by world-class fitness, tennis, and swimming facilities.


Property: Magnificent custom features and upgrades complement this lakefront Mediterranean estate capturing picturesque views over the lake and golf course. Hosting al fresco entertaining with an oversized lanai summer kitchen, a Chicago brick patio frames the Pebble Sheen 40-foot lap pool with hand-painted tile and waterfall spa.


Residence: This expanded Segovia villa presents meticulous detailing, from the custom exterior stonework and corbels to the Travertine Gold marble floors, elaborate ceiling treatments, and faux finishes refining the elegant interior décor. Five bedrooms, 5 full and 2 half baths, and a 3-bay garage are included in 6,480± total square feet along with myriad luxuries including the back-up generator, accordion hurricane shutters, surround-sound system, security surveillance, whole-house water filtration, and Aprilaire anti-allergen heating/cooling system. All bedrooms have custom-fitted closets and individually designed baths.


First Floor: The view-filled formal living room is dramatized by a 22-foot domed and coffered ceiling, double-height window wall, and an intricate coquina stone fireplace. An arched colonnade sets off the 2-story tray-ceilinged formal dining room. The handsome office is finished with custom built-ins and floors of Brazilian cherrywood. A view-filled bay window illuminates the dine-in gourmet kitchen offering antiqued custom cabinetry and granite counters. The family room with coffered ceiling opens to the pool through stylish French doors. Gracious elegance and luxury define the private master suite featuring tray ceilings, a view-filled bay-windowed sitting area, plantation shutters, poolside access, custom-fitted cherrywood closets and an opulent spa-style bath with Jacuzzi tub, frameless shower, granite counters, and Italian porcelain tile floor. A separate guest/staff suite, powder room, and cabana bath complete this level.


Second Floor: Highlighted by tray ceilings, this level features a dramatic loft with ironwork-embellished arches, plus three additional private bedroom suites, two with herringbone-patterned Brazilian cherrywood floors.


Inspection by appointment only.


MLS# R2808658


For further details on the “Featured Property of the Week” or if you wish to have your property prominently featured please contact:
Philip Lyle Smith (561) 445-2282
Carla Ferreira-Smith (561) 445-2299

Visit Our Website: 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.

Buy One Home…Get One Free?

In San Diego, Buyers can buy one home, get one free. No… I’m not making this up! Who makes this stuff up? I just enjoy reporting it!


My brother-in-law, who lives out in San Diego County, California saw the advertisement in the local paper and couldn’t believe it himself. A San Diego developer frantic to clear inventory has come up with a scheme to lure potential buyers into purchasing his product.

Southern California much like South Florida, is a market that is out of control with foreclosures and plunging sales. Michael Crews Development will give away a “Row Home” valued at $400,000 in Escondido with the purchase of a $1.6 million, two acre “Luxury Estate Home” built in Royal View located in San Pascqual Valley. “We are targeting a niche market of investors who are interested in the opportunity to buy a new home for themselves and get a free rental property or second home for family members,” developer Michael Crews said in a statement.

The clever developer claims the row homes are not shoddy townhouses that are being given away with luxury estate homes. He claims the two-acre Royal View luxury homes that offer four bedrooms, four baths, up to six car garages, swimming pools would be paired with 2,000 square-foot upscale row houses. (Yeah right!)

“People don’t expect to get what they are getting with the row-homes,” said marketing director Dawn Berry. “These are well appointed luxury houses.”

It seems the Michael Crews planned to run the offer for only two weeks in May but the developer decided to extend it through June to give potential buyers more time digest the idea of buy one get one free.

Since the first advertisement went up nearly two weeks ago, they claim one man has made an offer to buy a Royal View estate home, but chose not to take the free row-home. My suggestion Buyers: Ask for a $400,000 credit off the Luxury Estate Home list price and tell the developer “Thanks, But No Thanks…Keep the row home, I’ll take the money!” (Who likes or wants to pay for property taxes on two homes???) However, the developers have a solution for that as well. “If you don’t know what to do with your free home, you could always give it away,” Berry said. My thought: Looks like someone is really desperate to clear inventory!

View Article: Local Developer Offers Two Homes For The Price of One



Home sales in San Diego County were down 18 percent in April from a year-earlier, while the number of homes going into foreclosure rose 130 percent in the first quarter from a year earlier, according to DataQuick Information Systems.
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.

Rental vs Purchase? What’s A Buyer Going To Do?

Hope everyone had a great weekend and enjoyed the fabulous weather that stretched all the way from the Northeast down to sunny South Florida. Temperatures were not the only thing on the rise. Philip and I have experienced a slight increase in the number of showing requests in the past 4-5 days. We are noticing a trend that people viewing property are more interested in rentals these days than purchasing a home. Almost every showing we did over the weekend was for either seasonal or yearly rentals.

People seemingly want to “test drive” the property these days before they take the plunge and purchase. With so much inventory at their disposal, and so many sellers willingly renting their listed homes, people are holding off on making a commitment on buying a home and renting with much less risk. I surveyed a few of the people this weekend by asking them “What is the main factor stopping them from purchasing a home at this time?” Overwhelmingly, they all said the same thing…”Prices continue to drop…so why buy now”?

They all want to have the South Florida experience, but most were genuinely concerned with making the investment. A few want to make sure they even like the area before they purchase their second home here, another couple we worked with wanted to be certain the community they were renting in was going to be the right fit for their family, and the rest just want the lifestyle without the financial risk. All betting that home prices will continue to decline, and that is when they will make their move.

We also see steady traffic coming from our neighbors to the north. Canadians continue to flock to Florida, predominantly into Palm Beach County. Our colleagues in the Miami/Dade area report that they are seeing an increase in European and South American Buyers/Investors in their market due to the weak dollar. Taking advantage of the currency situation, overseas buyers are mostly interested in making their purchases in America’s most “Trendy” and “Hip” cities such as Miami, New York, and Los Angeles. This year, brokers in the Hamptons claim that a majority of this season’s coveted summer rentals were booked by Europeans. Seems like the majority of these investors want only the “big-city”areas that offer them world renowned fine dining, luxury shopping, arts & culture, and an active nightlife. I’m guessing… it might be safe to assume, that it will be a while before they discover the suburbs!!!

Visit Our Website: www.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.

Activity Report: What’s Selling! What’s Pending! and Where Things Are Just Not Moving!

It’s wonderful to see that a significant number of people have subscribed to the “Luxury Resort Portfolio Blog” since its inception. Luxury Resort Portfolio prides itself on being a different type of Real Estate Team; we listen and pay attention to what our clients, neighbors and colleagues are looking for in their ideal Real Estate experience. We appreciate all the great emails we received with your insightful comments and well wishes. Thank you again for your patronage, Philip and I (“The Smiths”) will strive to provide you the real estate information that we believe everyone is seeking.

The following information is the current activity report. This includes in our surrounding area; Country Clubs, Gated Estate Enclaves, and 1+ Acre Communities with a list/sold prices of $400,000(+). We have indicated how many properties are currently listed, have sold year-to-date, and how many homes are pending in that particular community. Please note this information is current for the day it was posted and if you wish to see a current activity report or an in depth analysis for a particular community please contact us.

The communities listed below in the chart are communities designated in our area.

Community

Type

Active Listings

Y-T-D Sold

Pending

Mizner Country Club

Country Club

64

8

1

Addison Reserve

Country Club

30

11

4

St Andrews Country Club

Country Club

66

6

5

Woodfield Country Club

Country Club

93

5

6

Boca Grove Plantation

Country Club

30

5

3

Boca West

Country Club

34

4

8

Broken Sound

Country Club

69

11

8

Azura

Gated Enclave

7

0

0

The Oaks at Boca Raton

Gated Enclave

51

9

7

Saturnia Isles

Gated Enclave

45

10

0

Le Rivage

Gated Enclave

9

0

0

Long Lake Estates

Gated (1+ acre)

13

0

1

Stone Creek Ranch

Gated (2+ acre)

3

1

0

Of course, if you feel there is further information you would like to see, call us or email us. It would be our pleasure to provide you with the information you request. Let us know if there are other communities you would like to see featured in the future on our area activity report. We welcome everyone’s input and would love to adapt your suggestions into our blog. That’s how we can perfect the blog and tailor it to best suit all our loyal readers.

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.

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