Category Archives: Gated Enclaves

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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The Oaks | Opulent Santa Barbara Tradition

The Oaks at Boca Raton
17614 Grand Este Way | Boca Raton, Florida

Offered at $2,299,000 US
MLS Number R3016713

Residence: Designer decorated and furnished, this exquisite Donatella villa at The Oaks at Boca Raton is a crowning achievement by acclaimed Charlse-Watt, blending breathtaking appointments and lavish luxuries. Smart-house technologies with AMX touch-pads control all systems including security, climate, lighting, surround-sound audio, and televisions. Mosaic-inlaid travertine marble floors, elaborate moldings, and hurricane-impact glass are also featured. Five bedrooms, 6 full and 2 half baths, plus a 4-car garage are included in 7,860± total square feet at The Oaks at Boca Raton.

Luxury Resort Portfolio
“The Definitive Source For Luxury Real Estate In South Florida”

Main | 800.644.5616
Fax | 800.644.0059

Philip Lyle Smith | 561.445.2282
Carla Ferreira-Smith | 561.445.2299

or email us at TheSmiths@LuxuryResortPortfolio.com

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.

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.

South Florida Market Update

The South Florida Real Estate boom is just a memory…as one of the nation’s hardest hit real estate areas, South Florida is witnessing properties linger for vast periods of time on the market. What used to be only a little over a couple of months on the market, has turned into quite often double digit numbers of months and even years to sell a property.

According to an article published in Sunday’s Sun-Sentinel, 1 in every 10 homes have been on the market for more than one year, and by their estimates, that results in 9,828 homes. At least 1,058 of those properties have been on the market more than 2 consecutive years! However, industry experts claim that even those figures are quite conservative estimates, because the numbers do not reflect properties that were pulled off the market and put back on when Sellers switched agents, made home improvements, or let their listing expire and entered it as a new listing to avoid appearing as stale inventory and to wipe clean the days on market.

Agents have noticed over the past couple of years that sellers are “overly optimistic” when they initially list their home thinking that the market has been slightly unchanged since the bygone days of the boom. They have a “hard time accepting or adjusting their mind to the new value of their property” and are reluctant to adjust their list prices in time with the current market. Resulting in always being “behind the eight ball” and languishing on the market for way too long.

In National news, home prices posted a record 15.3% steep decline. The S&P/Case Shiller Home Price Index has fallen for 21 months straight, based on a twenty city index that has been tracking data for 19 years. What is more alarming, recent drops have been particularly steep. Home prices plunged in areas like Miami (South Florida), seeing 26.7% drops from one year ago, and an additional loss of 4.1% in property values in April 2008.

Most sellers claim they will “ride it out” and hold onto the property for a couple of years until the market recovers… However, what most sellers don’t realize is that the real estate market does not change as quickly as the financial markets. Based on our recent fledgling economy, the mortgage crisis, the astronomical amount of homes facing foreclosure, the war, and upcoming presidential elections… This market is not turning around anytime soon. Most people forget that in the 1970’s it took the real estate market more than 14 years to rebound.

Seasoned agents claim it will take a few variables to start changing the market; home prices have to become affordable once again, inventory has to decrease, and the foreclosure mess has to be resolved.

The plummeting prices are causing a whole other problem for homeowners…NO HOME EQUITY! As home prices are continuing to fall, homeowners are left with no equity in their homes to tap for emergency purposes or are having their HELOC’s (Home Equity Line of Credit) frozen by their lenders. As listing agents we hear quite often from our Sellers, “We need X-Amount of dollars to walk away from this house to be even,”… Unfortunately, what Sellers fail to realize is that “what they need financially and what a Buyer is willing to pay these days for their home is two completely different scenarios”. The result is often leaving homeowners underwater and owing mortgages than are more than the home is worth.

Philip and I, as agents ourselves see these exact problems affecting our clientelle. Unfortunately, we do not create the market, we as real estate professionals interpret the market and facilitate transactions. We have noticed that once both the Buyers and Sellers are willing to buy/sell a property for today’s current market value…a deal can be achieved! A real estate agent is quoted in Sunday’s piece; “You’ve got to face the market…You have to give it what it wants”. It’s all numbers people! It’s ALL NUMBERS!

Please visit our latest addition:
The Mizner Country Club – Real Estate News
click on this link: https://MiznerCountryClub-RealEstateNews.blogspot.com

Note: If you are currently subscribed to our Luxury Resort Portfolio Blog you are NOT subscribed to the Mizner Country Club – Real Estate News Blog. Please click on the link today and subscribe to receive all the latest updates of real estate transactions happening at Mizner Country Club. Thank you for all your continued encouragement and support!!!

-Philip and Carla Smith

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.

Introducing A New Feature: The “Mizner Country Club – Real Estate News”

Good Morning Luxury Resort Portfolio Readers,

In an effort to satisfy all our loyal subscribers’ requests, Luxury Resort Portfolio has recognized your recent comments and suggestions. That is why we are very proud to introduce a new feature on the Luxury Resort Portfolio Blog. We have created the “Mizner Country Club – Real Estate News” Link. A Newsletter completely devoted to providing you the “Luxury Resort Portfolio Scoop” on the Real Estate transactions happening in Mizner Country Club. This community newsletter is an added tool for all our friends, neighbors and clients to have access to the latest and most accurate real estate information on transaction activity happening within our lovely gated walls. We have compiled the information based on MLS and Palm Beach County Property Appraiser Information.

The Mizner Country Club – Real Estate News Blog will work in direct partnership with our corporate Luxury Resort Portfolio Blog. You could access the Mizner Country Club community information through a designated link on the Luxury Resort Portfolio Blog or directly at https://MiznerCountryClub-RealEstateNews.blogspot.com. If you are interested in the real estate activity at Mizner Country Club, subscribe to Mizner Country Club – Real Estate News…and receive community updates vie email automatically when new data is posted!

The Smiths – Luxury Resort Portfolio always welcomes your suggestions and input on what we could do to improve our website and blogs, so please feel free to let us know what you would like to see featured!

There have been only 8 sales in Mizner Country Club since January 2008. Properties’ final sales prices ranged from $615,000 to $3,600,000. The following is the breakdown:

Address

Sales Information

15934 Laurel Creek Drive

(San Marino)

Model: Carrington-Expanded

Original Purchase Date: 10/00

List Price: $1,249,000

Sold Price: $1,110,000

Sold Date: 01/25/2008

16252 Andalucia Lane

(Andalucia)

Model: Segovia

Original Purchase Date: 12/02

List Price: $1,790,000

Sold Price: $1,395,000

Sold Date: 02/08/2008

8584 Valhalla Drive

(San Sebastian)

Model: Monte Verdi-Expanded

Original Purchase Date: 12/05

List Price: $974,000

Sold Price: $900,000

Sold Date: 02/29/2008

8376 Del Prado Drive

(Del Prado)

Model: Madeira (Furnished Model)

Built: 11/01

List Price: $2,950,000

Sold Price: $2,800,000

Sold Date: 02/29/2008

16008 Double Eagle Trail

(Valencia)

Model: Largo Mar

Original Purchase Date: 08/01

List Price: $750,000

Sold Price: $615,000

Sold Date: 04/07/2008

8047 Laurel Ridge Court

(Encantada)

Model: Montecito-Expanded

Original Purchase Date: 12/05

List Price: $975,000

Sold Price: $900,000

Sold Date: 04/21/2008

15864 Double Eagle Trail

(Valencia)

Model: El Solano

Original Purchase Date: 06/01

List Price: $749,000

Sold Price: $650,000

Sold Date: 04/28/2008

8430 Del Prado Drive

(Del Prado)

Model: Majorca Grande

New Construction – Spec

List Price: $4,595,000

Sold Price: $3,600,000

Sold Date: 05/16/2008

There is 1 property pending in Mizner Country Club. 8681 Valhalla Drive (San Sebastian) in “Pending” status.

Mizner Country Club currently has 62 Active listings on the market. These properties are ranging in List Prices from $619,000 to $3,295,000.

Enclave

Number of Listings

Andalucia

6

Capri

0

Cordoba

4

Del Prado (Custom)

6

Encantada

14

Marbella

3

Palma

8

San Marino

6

San Sebastian

10

Valencia

5

View links of the active listings at Mizner Country Club:

Mizner Country Club – Homes Under $ 1 Million

Mizner Country Club – Homes $1 – $2 Million

Mizner Country Club – Homes Over $2 Million

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

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.

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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