Category Archives: The Smiths

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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Just Sold | Old Palm Golf Club

The Smiths of Luxury Resort Portfolio have successfully completed yet another South Florida luxury real estate sale in the elite country club community of Old Palm Golf Club located in picturesque Palm Beach Gardens, Florida.

Specializing in properties of distinction on South Florida’s Gold Coast, Luxury Resort Portfolio provides the highest level of customized service, matched and exceeded only by the highest level of performance exemplary of the exceptional real estate our firm represents.

Luxury Resort Portfolio has the skills and advantages to facilitate transactions and bring about the results our clients expect.

Old Palm Golf Club

 
11313 Caladium Lane | Palm Beach Gardens, FL  33418
List Price $1,195,000

Palm Beach Gardens, Florida is praised for outstanding year round activities by cultivating an environment of excellence along South Florida’s Gold Coast. With over 30% of land mass dedicated to green space, recreation programs tailored for residents of all ages and an award-winning Art in Public Places program, residents experience an extraordinary quality-of-life and first-class style of living.
Well known as a sophisticated community with abundant fine dining choices, cultural attractions, beautiful beaches and world-class shopping, Palm Beach Gardens, Florida is within a short drive to the legendary island of Palm Beach and it’s world renowned high-end boutiques and cafes along Worth Avenue, the glorious beaches of Singer Island, the eclectic entertainment district of West Palm Beach’s historic downtown, City Place and Clematis Street and is home to  the acclaimed equestrian communities of Wellington and the International Polo Club of Palm Beach .

In the heart of all of this blissful living is Old Palm Golf Club, cloistered within a beautiful portrait of lush foliage, pristine natural preserves, breathtaking cascading water features, back-dropped by majestic old palms and spectacular luxury residences.
Old Palm Golf Club is a private golf club artfully designed by Raymond Floyd, where fairways are accentuated with water and framed with hammocks of oaks and pine. The unique turf at Old Palm Golf Club is cutting-edge Paspalum, an environmentally friendly grass that helps the ball roll smoother on the greens and fairways. Golfers are guided by some of the best trained caddies in the country and a no tee time policy assures members that they’ll always have a game when they’re ready to play. A legendary Scottish “bye hole” or 19th hole allows golfers to settle friendly wagers.


Old Palm Golf Club has a one-of-a-kind Golf Studio, a 33-acre practice facility that opened in February 2004. The Golf Studio, which features its own practice range, putting green and target green with bunkers, also sports the latest in digital swing analysis technology. Three dedicated practice holes are modeled after actual holes on the course, a par 3, par 4 and par 5.
Recently, Old Palm Golf Club celebrated the unveiling of its 43,000 square-foot clubhouse, where Raymond Floyd, the Honorary Club Chairman, maintains an office. Modeled after the great golf clubs of the turn-of-the-century, the character and setting is designed to cultivate camaraderie and first-class service designed to gratify the most discerning residents, staffed with a full-time concierge program offering members every possible convenience.
Please accept this invitation to explore Luxury Resort Portfolio and discover the myriad of Florida luxury real estate opportunities available on this sunny, scenic and incomparable slice of South Florida’s Gold Coast. From vastly sought after luxury real estate on the green, an elite Boca Raton country club home, or a magnificent South Florida oceanfront estate along the Palm Beach coastline, there’s something for every taste and lifestyle in South Florida.

Please contact Luxury Resort Portfolio for more information and let their Boca Raton luxury real estate professionals know how they can be of further assistance to you.

The Smiths are enthusiastic and profoundly knowledgeable of the exclusive South Florida communities they serve, trusted for the advice and guidance they offer, and respected for their exceptional ability to maximize the profit potential of properties they represent.

Luxury Resort Portfolio has earned a roster of achievements that include an extraordinary quantity of record-breaking transactions for their clients in the elite Delray Beach and Boca Raton country club homes of Mizner Country Club, St. Andrews Country Club, Woodfield Country Club, Addison Reserve Country Club and the Royal Palm Yacht & Country Club as well as in the Boca Raton exclusive gated estate enclaves of The Oaks at Boca Raton, Long Lake Estates, Stone Creek Ranch, Le Lac and the Sanctuary.
Main: 800-644-5616
Fax: 800-644-0059

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 Listing | Mizner Country Club – D’Alene Drive

15972 D’Alene Drive | Delray Beach, FL | 33446

Luxury Resort Portfolio – New To Market
Mizner Country Club
Offered at $2,325,000 US (Furnished)

Mizner Country Club was inspired by the architectural vision of historic Palm Beach architect Addison Mizner, beautifully characterized by the elegance and rich detailing of the Mediterranean Revival style. Residents enjoy a life of ease and relaxation in a lush setting evocative of Old World Florida.
Extending over 384 lavishly landscaped acres, Mizner Country Club is gate-guarded and features 478 homes that lie on spacious manicured lots in ten subdivisions. Situated within one of the most prestigious Mizner Country Club enclaves, this Tuscan inspired palazzo proves to be a cornucopia of sensory delights. The apex of Delray Beach’s Mizner Country Club living, this grand estate is infused with warm elegant European accents overlooking the lush 18-hole Arnold Palmer signature golf course. A true Mediterranean Masterpiece, this impeccable custom built double golf fairway residence is being offered fully furnished and in its’ designer decorated state.

Master En-Suite

Constructed with only the best money can buy from award-winning National Custom Homes in 2001, this five bedroom / seven bath Tuscan inspired masterpiece sprawls over more than 8,600 square feet, boasts stunning fairway views and is nothing short of magical. Offered fully furnished and designer decorated from internationally acclaimed Marc Michaels Interior Design, Inc., the sophistication and comfort of the interior of this home holds the treasures that dreams are made of. Revel in the resort inspired outdoor surroundings and panoramic golf course landscapes of this estate which consists of covered loggias, a resort inspired pool / spa oasis and a well appointed al fresco summer kitchen.

A lush exotic tropical backdrop, custom paved circular motor court and a 3-automobile garage plus additional golf cart bay are added welcoming luxuries at this Mizner Country Club estate. Smart house technologies and conveniences include the Vantage whole house lighting system, Niles on wall entertainment controls, hurricane impact windows and motorized electric shutters.

First Floor: The main living areas include an awe inspiring raised marble floor double door entry arrival foyer fitted with inlaid marble mosaics and listellos, a capacious luxuriant golf viewed formal living room complete with stone and marble fireplace, triple tiered rotunda tray ceiling fitted with decorative crown moldings and ambient lighting details, an inviting full service pub-style entertaining bar adorned with hand crafted wood details and an elegant over-sized yet intimate formal dining suite with a garden fountain admired through walls of glass.

The handsome office mirrors the grandness of the stately formal living room with wood paneled walls and cabinetry that stretch upward towards this room’s most theatrical detail… a second level library accessed from a dramatic spiraled staircase offering an intricate wood molded ceiling. The expansive family room is outfitted with top of the line electronics and surround sound features that lend itself to both grand entertainment and casual family gatherings. The chef’s kitchen is a gourmet delight and the perfect spot to create a feast. Taking breakfast and casual dining to a new level of luxury is the verdant view filled breakfast area boasting dramatic golf fairway vistas for the golf enthusiast. A well appointed staff / guest bedroom with en-suite bath that doubles as a cabana bath completes this level.

Master Suite: Indulge in a decadent first floor grand master suite… which is a wing on to itself, designed with every imaginable amenity on hand and adorned with breathtaking unobstructed golf fairway views. A serene oasis with sumptuous amenities that include: his and her elegantly appointed sanctuary spa retreat baths with over sized step down shower and soothing rotund marble spa / soaking tub, custom fitted twin walk-in closets, morning kitchen, outdoor garden and sitting area.

Second Floor: The three additional guest suites in this beautiful home are accessed upstairs from a theatrical marble staircase replete with decorative iron balustrade. Spacious and private, each en-suite bedroom is decked out with a delightful themed decor of Asian, Jungle or Key West, containing a full bath, displaying colorful hand crafted tile work that is complimentary as well as beautiful. The second level billiard loft abound with wood cabinetry sports a wet bar and refrigerator that is a practical and fun space that promises comfort and privacy for the whole family.

View Our Website

The Smiths are enthusiastic and profoundly knowledgeable of the exclusive South Florida communities they serve, trusted for the advice and guidance they offer, and respected for their exceptional ability to maximize the profit potential of properties they represent. 

Luxury Resort Portfolio has earned a roster of achievements that include an extraordinary quantity of record-breaking transactions for their clients in the elite Delray Beach and Boca Raton country club homes of Mizner Country Club, St. Andrews Country Club, Woodfield Country Club, Addison Reserve Country Club and the Royal Palm Yacht & Country Club as well as in the Boca Raton exclusive gated estate enclaves of The Oaks at Boca Raton, Long Lake Estates, Stone Creek Ranch, Le Lac and the Sanctuary.
Main: 800-644-5616
Fax: 800-644-0059

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 Community | The Oaks at Boca Raton

Often referred to as: “The last great estate home community in Boca Raton,” South Florida’s The Oaks at Boca Raton is an Exclusive Gated Estate Enclave from esteemed luxury homebuilder Kenco Communities. Spread out over 282 lush acres, The Oaks at Boca Raton real estate represents some of the finest properties available in a city well-known for its many prestigious residential enclaves.


The Oaks at Boca Raton
Asking Price | $2.695 Million US

View All Properties For Sale | The Oaks at Boca Raton

Situated along renowned “Millionaire’s Mile & Country Club Row”, The Oaks at Boca Raton homes for sale are minutes away from the Atlantic Ocean Beaches and the Intracoastal Waterway, as well as the cultural, shopping and entertainment offerings of Boca Raton, Delray Beach and Palm Beach.

The Oaks promotes a relaxed and elegant Boca Raton Country Club lifestyle with features that include the magnificent Oaks Club & Clubhouse, Concierge Services, a tropical pool, a 12-court tennis complex, a spa and fitness center, and a variety of other luxuriant amenities. Home ownership in The Oaks at Boca Raton is a full amenity and family oriented Country Club Lifestyle, without the expense of Membership Equity, Fees or Dues.

The Oaks at Boca Raton has less than 500 home sites and offers home buyers’ a magnificent selection of custom built estate homes for sale in size from 3,000 square-feet to over 8,000 square-feet, with prices ranging from just below $1 Million to above $4 Million. Residences at The Oaks are located in several individual Enclaves, each of which features a variety of custom built homes, have their own distinctive attributes and are situated on verdant, meticulously manicured grounds that showcase the serenity of the picturesque South Florida tropical landscape.

At The Oaks at Boca Raton you can choose from home sites with spectacular lake or garden views and dramatic floor plans that include stunning poolside entertaining loggias, extravagant gourmet chef’s kitchens, state-of-the-art media rooms and dazzling home theaters. From the Jerusalem Stone floors and barrel vaulted coffered ceilings to the unique architectural designs and expert craftsmanship, no detail has been overlooked at The Oaks at Boca Raton. Within The Sanctuary and The Grand Lake Estates, The Oaks at Boca Raton’s Premier Enclaves, are the home collections of acclaimed Custom Home Builders Charlse-Watt Communities, Albanese-Popkin Development Group and Kenco Communities. Other exceptional collections in the community are The Grand Estates, Oak Pointe Estates, Royal Estates, The Estates South and Enclave East. The landscape of The Oaks at Boca Raton with its sparkling lakes and lush greenery is extremely conducive to peace and relaxation, while the way of life The Oaks at Boca Raton affords is like being on a permanent holiday.

The Oaks at Boca Raton is centrally located between Ft. Lauderdale and Palm Beach International Airports, one hours drive to Miami International Airport and is easily accessible to the Boca Raton Executive Airport.

View All Properties For Sale | 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.

Just Sold | Long Lake Estates Mediterranean Masterpiece

LUXURY RESORT PORTFOLIO
Proudly Announces Another Landmark Sale

Leading the luxury real estate market with our strategic
Global Marketing Exposure

CLICK ON IMAGE

JUST SOLD
Mediterranean Masterpiece

Long Lake Estates
8465 Twin Lake Drive | Boca Raton, FL 33496

$5,295,000 US

Specializing in properties of distinction on South Florida’s Gold Coast, Luxury Resort Portfolio provides the highest level of customized service, matched and exceeded only by the highest level of performance exemplary of the exceptional real estate our firm represents. Luxury Resort Portfolio has the skills and advantages to facilitate transactions and bring about the results our clients expect. Our definitive Global Marketing Exposure promotes each individual property with targeted advertising and marketing, strategy development and the superlative representation it needs to obtain a successful sale in today’s volatile real estate market.

Our Global Marketing Exposure and professional expertise have proven to be vital assets. Successfully demonstrating numerous benchmark sales from our portfolio. We are confident through our extensive marketing and negotiating techniques in the Luxury Real Estate market, and the exposure through the most advanced techniques in interactive technology, that we can achieve your Real Estate goals, and bring about the results you want.

Facebook: Luxury Resort Portfolio
VIEW LINK: https://www.facebook.com/BocaRatonLuxuryRealEstate

Twitter: TheSmithsLRP

VIEW LINK: https://twitter.com/TheSmithsLRP



Global Marketing Exposure

CLICK ON THIS LINK TO VIEW ENTIRE LIST



Contact us for details, we look forward to sharing our expertise in the marketing and selling of the finest properties South Florida has to offer. Luxury Resort Portfolio welcomes your inquires in how we can facilitate your next real estate transaction.


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.

Mizner Country Club | One of South Florida’s Most Distinctive Luxury Resort Enclaves


Gain Entry To A Life of Luxurious Possibilities

Located conveniently to the beautiful beaches along the Gold Coast of South Florida, Palm Beach’s gourmet dining, Mizner Park’s fashionable shopping, and Miami’s world class nightlife and entertainment, the exclusive Mizner Country Club is one of South Florida’s most distinctive luxury resort enclaves. Owners of Mizner Country Club real estate enjoy a life of ease and relaxation in a lush setting evocative of Old World Florida.


Inspired by the architectural vision of historic Addison Mizner, Mizner Country Club real estate is characterized by the elegance and rich detailing of the Mediterranean Revival style. There are less than 500 luxury homes in this 384-acre community, a number of which are completely custom-built. Homes here are nestled around and within sight of the Arnold Palmer Signature designed 18-hole, par 72 golf course that is the community’s crowning glory.



Mizner Country Club real estate ranges in size from 2,700 to 9,200 square feet and there are almost two dozen different designs and floor plans. This is excluding the custom-built estates, whose specifications are unique to each property.



A Toll Brothers community, Mizner Country Club benefits from the highest quality standards of the respected and award-winning luxury home builder. Toll Brothers, Inc. has been named America’s Best Builder, National Builder Of The Year, and has been the recipient of the National Housing Quality Gold Award. The builders of the custom residences are National Custom Homes, Tuscan-Harvey Estate Homes, Courchene Development Corporation, and New Millennium Builders.



Where The Good Life, Is A Way Of Life

When you invest in Mizner Country Club real estate, you gain entry to a life of luxurious possibilities. Among the many amenities that residents of this plush enclave enjoy are its Arnold Palmer Signature Golf Course, a tennis and fitness center, and its Grande Clubhouse and Palazzo dining facilities.



The 6,734-yard, par 72 course has five sets of tees to challenge players of all levels. It has a course rating of 72.7 and a slope rating of 136 on Bermuda grass. Most home sites of Mizner Country Club real estate have views of the course, as well as of the many lakes that surround the landscape.



Overlooking a stretch of the golf course is the spectacular 42,000-square-foot Grande Clubhouse, built in the graceful and airy Palm Beach style that characterizes the rest of the community. The Grande Clubhouse has an atmosphere that combines warmth and elegance replete with golf pro shop, spa services, card rooms, and a variety of dining areas ranging from casual to formal.

More amenities can be found at The Palazzo, Mizner Country Clubs 17,000-square-foot pool side, tennis and fitness center. The Palazzo features six lighted Hydro-Dri clay courts, state-of-the-art fitness equipment and facilities, a casual grille, an outdoor pool and spa, and eight VIP hotel guest suites.



Mizner Country Club real estate’s location near the Ocean and the Intracoastal Waterway gives residents even more recreational options. If you’d like to go boating or enjoy the beaches of the Gold Coast, all this is a mere 15 minutes away. As for shopping, entertainment and culture, there’s more than enough variety to choose from due to its proximity centered between Miami’s South Beach and the island of Palm Beach, with Boca Raton and Downtown Delray Beach just minutes away. Mizner Country Club real estate is also conveniently located between Ft. Lauderdale and Palm Beach International Airports, and only a short drive to the Boca Raton Private Executive Airport.

For more information on Mizner Country Club homes and everything that this exclusive community has to offer, please contact The Smiths.


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.

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.

Listing and Selling The Exlusive Communities of Palm Beach County

The Smiths – Luxury Resort Portfolio
“The Definitive Source for Luxury Real Estate in South Florida”

We are pleased to announce
The Smiths – Luxury Resort Portfolio

Listing and Selling The Exclusive Communities of Palm Beach County

Just Listed
Mizner Country Club – Andalucia

Offered at $1,595,000
VIEW VIDEO TOUR
(Click On Image to View Details)


New To Market
Long Lake Estates
Offered at $5,295,000
(Click On Image to View Details)



Newly Priced

The Oaks at Boca Raton
Offered at $2,599,000
(Click On Image to View Details)



Newly Priced
Mizner Country Club – Capri

Offered at $2,449,000
(Click On Image to View Details)

Newly Priced
The Oaks at Boca Raton
Offered at $1,199,000
(Click On Image to View Details)

The Smiths – Luxury Resort Portfolio
Recent Sales


“Just Sold” by The Smiths – Luxury Resort Portfolio
Mizner Country Club – Andalucia
List Price of $1,695,000
(Click On Image to View Details)

“Just Sold” by The Smiths – Luxury Resort Portfolio
The Oaks at Boca Raton
List Price of $2,450,000
(Click On Image to View Details)

_____________________________________

Preview All of Our Listed Estates
(Click Below)

The Smiths- Luxury Resort Portfolio
A Transaction Brokerage Team
Representing Both Buyers And Sellers
561.445.2282
561.445.2299

TheSmiths@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.

The Smiths Achieve Success With Yet Another Sale In Mizner Country Club



The Smiths – Luxury Resort Portfolio
Recent Sales

“Just Sold” by The Smiths – Luxury Resort Portfolio
Mizner Country Club – Andalucia
16223 Andalucia Lane
List Price $ 1,695,000
(Click On Image To View Details)

The Smiths have successfully sold & closed on 16223 Andalucia Lane on April 16th, 2009. Surprisingly enough to note, this property was the first property to sell in Mizner Country Club so far this year. We wish to congratulate our newest neighbors, wishing them many years of wonderful memories and much happiness in their new home! Welcome to Mizner!


For the Real Estate Round Up the following is MLS data for
Mizner Country Club as of today:

Currently there are (70) active “Listings for Sale” in Mizner Country Club, with (3) pending for sale, and (1) sold property year-to-date that has been featured above. If you wish to get the detailed listing report, please email us at TheSmiths@luxuryresortportfolio.com and we will gladly forward it onto to you.


________________________________________________________


Preview All of Our Listed Estates
(Click Below)

The Smiths- Luxury Resort Portfolio
A Transaction Brokerage Team
Representing Both Buyers And Sellers
561.445.2282
561.445.2299

TheSmiths@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.

Home Prices Post Record 18% Drop

The 20-city S&P Case-Shiller index
has posted losses for a staggering 27 months in a row


By Les Christie
Source: CNNMoney.com
Posted: December 30, 2008

NEW YORK (CNNMoney.com) — Home prices posted another record decline in October, falling 18% compared with a year earlier, according to a closely watched report released Tuesday.

The 20-city S&P Case-Shiller index has posted losses for a staggering 27 months in a row. In October, 14 of the 20 cities set fresh price decline records.

“The bear market continues; home prices are back to their March 2004 levels,” says David Blitzer, Chairman of the Index Committee at Standard & Poor’s.

Sunbelt cities suffered the most, but most of the country is watching home values fall. In Phoenix prices have plunged 32.7% since October 2007, Las Vegas home values are down 31.7% year-over-year, while San Francisco prices fell 31%. Miami, Los Angeles and San Diego recorded year-over-year declines of 29%, 27.9% and 26.7%, respectively.

“As of October 2008, the 20-City Composite is down 23.4%,” said Blitzer. “In October, we also saw three new markets enter the ‘double-digit’ club.”

Atlanta, Seattle and Portland reported annual rates of decline of 10.5%, 10.2% and 10.1%, respectively.

“While not yet experiencing as severe a contraction as in the Sunbelt, it seems the Pacific Northwest and Mid-Atlantic South is not immune to the overall demise in the housing market,” Blitzer added.

Deteriorating environment

Many of the factors affecting home prices turned strongly negative this fall, according to Blitzer.

“October was really the first month to feel the full brunt of the credit crunch,” he said. “Up until the Lehman Brothers [bankruptcy filing on September 15], everyone felt relatively optimistic.”

Plus, in many of the free-falling cities the majority of real estate sales consist of distressed properties such as foreclosed homes and short sales. These houses tend to sell at a steep discount to the rest of the market, and when they account for a large proportion of all sales, they can exaggerate the depth of price declines.

Of course, foreclosures continue to be a big problem as well. In October alone, nearly 85,000 people lost their homes to foreclosure, adding vacant inventory to an already overburdened market.

Home sellers should not expect prices to improve any time soon, according to Pat Newport, a real estate analyst for IHS Global Insight.

“I expect it’s going to get quite a bit worse over the next couple of months,” he said. “Existing home sales reports have really been bad.”

Home sales fell 8.6% in November, much more than expected, to an annualized rate of 4.49 million units according to the National Association of Realtors.

And although interest rates are currently extremely low – the 30-year fixed-rate averaged 5.14% during the week of December 24, according to mortgage giant Freddie Mac (FRE, Fortune 500) – that’s doing more to help people refinancing existing mortgages than it is to help new home buyers.

“Buyers still have to have a 20% down payment,” said Newport, “and, in this environment, it can be hard to meet that criteria.”

The latest Case-Shiller numbers provide more ammunition to Washington policy makers who want to do more to fix the housing mess, according to Jaret Seiberg, an analyst with the Stanford Group, the policy research firm.

“These data just add to the tremendous pressure on the president-elect and the Democrats to stimulate housing,” he said. “That means more lucrative tax incentives and broad foreclosure prevention. All of this will likely be in the stimulus that Congress adopts in January.”

__________________________________________________

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

Please Contact: The Smiths – Luxury Resort Portfolio at (561) 445-2282 or
email at TheSmiths@LuxuryResortPortfolio.com


Inquire about “The Property Organizer” Feature we exclusively provide at Luxury Resort Portfolio.
It 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.

click link below to view:
“The Property Organizer”

If you have any questions on how to set up specific community searches
or for your Mizner Country Club Real Estate Update
compliments of The Smiths – Luxury Resort Portfolio,
please call or email Philip at (561) 445-2282 or Philip@LuxuryResortPortfolio.com
for assistance.
We can set up your customized search and you will receive instant email updates
directly to your inbox.



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.

Home Equity Stripped Away in 2008; Nearly $2 Trillion in Home Values Lost This Year

Source: Zillow.com
Posted: December 15, 2009

SEATTLE, Dec. 15 /PRNewswire/ — U.S. homes are set to lose well over $2 trillion in value during 2008, according to analysis of recent Zillow Real Estate Market Reports (1). Home values declined 8.4 percent year-over-year during the first three quarters of this year, compared to the same period in 2007.

“Underwater” was the real estate buzzword of the year. U.S. home values (2) lost $1.9 trillion from the first of the year through the end of the third quarter, and were likely to fall further in the fourth quarter, leaving approximately 11.7 million American households owing more on their mortgage than their homes are worth. One in seven of all homeowners (14.3 percent) were underwater by the end of the third quarter.

“This year marked the acceleration of the market correction, and is likely to end with the eighth consecutive quarter of declines in home values,” said Dr. Stan Humphries, Zillow’s vice president of data and analytics. “In general, homeowners in most areas we cover are struggling with foreclosures pouring into the market, large amounts of negative equity and dropping home values. On the positive side, in the third quarter, some markets – particularly those hit hardest in the downturn – showed smaller year-over-year declines than in the prior quarter. Our optimism here, though, must be tempered by the knowledge that the larger economic problems that emerged in the fourth quarter will likely further challenge the real estate market.”

Thirty of the 163 metropolitan statistical areas (MSAs) covered in the Zillow Real Estate Market Reports showed gains in the Zillow Home Value Index (3), or median value of all homes in the area, over the first three quarters of the year, with the Jacksonville, N.C. region seeing year-over-year appreciation of 4.9 percent. The change in value was calculated by averaging the year-over-year change in each of the first three quarters of the year.

Also performing well were the Winston-Salem, N.C. and Anderson, S.C. MSAs, with year-over-year increases of 4.1 percent and 3.5 percent, respectively, over the first three quarters of the year.

The Stockton, Calif. region fared the worst in the first three quarters of 2008, with home values sliding 32.3 percent year-over-year. The Merced, Calif. area followed with home values declining 31.2 percent year-over-year in the first three quarters of 2008.

View Link for additional information: Zillow.com

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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.

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