Exclusive Broker’s Open Event – 2965 Surrey Lane Weston FL 33331

Attention Brokers, join us on Wednesday, June 13th from 12pm – 2pm for a Catered Gourmet Lunch sponsored by Florida Secured Title (RSVP Required) at this outstanding custom-built waterfront estate offered at $2,675,000.

Award-winning property with 6 Bedrooms, 6/3 Bathrooms, 8,950 SF Living Area, Premier 1.37 acre lot and 1,700 SF outdoor living area.

Additional property details at www.2965surreylane.com

 

 

LUXURY LISTING – 2965 Surrey Ln, Weston Fl 33331

Exquisite award-winning custom built two story waterfront home on a premier 1.37 acre lot in prestigious Windmill Ranch Estates.

A luxurious multi-level estate includes 6 bedrooms, 9 baths and is just shy of 12,000 total square feet. This beautiful Frank Lloyd Wright inspired home was constructed with the highest quality and craftsmanship. Features include a formal living room with fireplace, climate-controlled wine cellar, media room, gourmet kitchen and wet bar. An expansive two-story master suite with wood fireplace on the first level and bonus loft & balcony with amazing panoramic lake views on second level.

Entertain guests or relax in your ultimate 1,600+ sq. ft. screened-in outdoor living area with marble floors and summer kitchen or the private oversized heated pool and spa area.

For additional details, see the Listing on my Website.

JUST LISTED: 411 Hendricks Isles Fort Lauderdale, FL 33301-3710

Broker’s Open on Wednesday May 16th, 2018 from 12:30 p.m to 2:30 p.m.

Bring your boat to this exquisitely renovated townhome with contemporary, luxe finishes. A few short steps from Las Olas!

Intelligent, open concept layout. Private deeded dock with boat lift. Direct ocean access/no fixed bridges. Amazing sunset and downtown views from the ground floor terraces or new rooftop.

Private elevator, marble floors, and stunning new contemporary kitchen with custom cabinets and high end appliances, such as Sub-Zero fridge, Wolf induction cook-top, oven, and built-in wine fridge.

Gorgeous master suite and 5-piece en-suite bath. Two additional bedrooms and renovated baths. Stunning roof top w/hurricane resistant/retractable awnings. Motorized Hunter Douglas blinds and much more.

Live the Las Olas lifestyle! Steps to world renowned restaurants, galleries, arts, entertainment and walking distance to the beach.

For additional details, see the Listing on my Website.

PRICE REDUCED! 1609 2nd Ct, Fort Lauderdale, FL 33301

Just reduced the price of a fine Jewel property near Las Olas Blvd!

This luxurious property is only 4.5 years old and ready for a new owner.

The home is situated in Colee Hammock, one of the most prestigious neighborhoods in the Las Olas historic area; just 1 block from the famous Las Olas Boulevard, a mere walking distance to everything such as prime shopping, fine dining, great entertainment. A short bicycle ride to the beaches of Fort Lauderdale.

It features a beautiful and modern open floor plan, is complimented with marble and hardwood floors throughout, an elevator, an office/den in the first floor that can be used as a fifth bedroom. The formal dining room features a beautiful wall-mounted wine rack; while the kitchen is equipped with gas stove with dual ovens, a bar, a counter-seating island and a spacious breakfast area with a pool view and pool deck perfect for entertaining family and guests. All bedrooms feature their own in-suite bathrooms and there is a convenient laundry room located in the 2nd floor.

For additional details, see the Listing on my Website.

JUST LISTED: Resort Style Living in Weston

A fantastic and updated residence in the resort-styled community “Isles of Weston”. A gem with over $100,000 in improvements.

This model features 5 bedrooms, 5 bathrooms, a 3 car garage, large loft/den in 2nd floor; easily converted to a 6th bedroom. Main entrance is a double-door leading to an ample living room and formal living room. 19 ft. ceilings.

Kitchen area features brand-new quartz counter-top and newer appliances. An ample family room oversees an extended covered patio and oversize back yard with remote-control screen panels; plenty of room for a pool. Floors are wood in the 2nd floor. Master bedroom is oversize and features a sitting area, 2 walk-in closets, his and hers vanity in the master bathroom. 1 bathroom in the 1st floor, perfect for your guests or in-laws. Resort-style clubhouse. 2 new A/C and new impact windows in the entire house.

Area schools are A+++, complimented with great parks. Just minutes from the Sawgrass Mills Mall and easy access to all major highways!

For additional details, see the Listing on my Website.

JUST LISTED: Luxurious Townhome East of Las Olas in Hendricks Isle

HOT, HOT opportunity!

A unique luxury townhome in downtown Fort Lauderdale, with private dock, boat lift and Intracoastal access on Hendricks Isle. Walking distance to prime dining and entertainment of Las Olas Boulevard.

This 3 story townhome enjoys fantastic views of downtown Fort Lauderdale. Offers 3 balconies, and many upgrades such as: marble flooring, elevator, gourmet kitchen with Viking appliances, subzero fridge. Spacious master suite with sitting area, luxury bath and walk-in-closet. Impact windows and doors. Awesome roof top with summer kitchen, recently redone. Deeded private dock for up to 40 foot boat with brand new boat lift/jet ski lift. No fixed bridges; easy ocean access.

Fee simple. NO HOA.

For additional details, see the Listing on my Website.

 

Low Mortgage Rates: Time Is Running Out – Looming FED Rate Hikes

It’s time to reaffirm some advice. That’s because on Wednesday we heard from the ultimate authority on interest rates in the U.S.: the Federal Reserve.

Now, technically, the Fed does not set mortgage rates—but that’s probably what most people believe, given the amount of news and hype surrounding its decisions.

The way it really works: The Federal Reserve sets the short-term rate policy, which governs what banks charge one another for short-term loans. Short-term rates are different from long-term rates, but they typically move in similar ways in times of change.

Longer-term rates usually move before the Fed acts. Mortgage rates, in particular, usually track to long-term bond rates like the 10-year U.S. Treasury note. Since the surprise outcome of the presidential election, mortgage rates have risen close to 60 basis points—more than twice the quarter-point increase that the Fed did on Wednesday. (One basis point is 0.01%.)

Even before the election, evidence was stacking up that the economy was picking up momentum. Now the financial markets are betting that inflation will be higher under the Trump administration’s fiscal policies. But the data-driven Fed hasn’t seen the inflation evidence that would justify a greater increase in short-term rates yet.

Emphasis on “yet.”

If you want to understand how the Fed affects mortgage rates, pay more attention to what the central bank says about the future rather than the policy rate changes it has already enacted.

The Fed expects the economy to hit its target level of inflation next year. As a result, it also expects to raise short-term rates three times, by a total of 75 basis points. In reality, rate moves could be less—but they also could be more.

That means rates like we’ve seen for most of the past five years are indeed history.

Hate those annoying radio ads screaming about refinancing while rates are in the 3% range? Well, relax. They’re history, too.

Mortgage rates will move higher before the Fed acts again, so if the Fed carries out its three planned hikes in 2017, we could come close to 5% on 30-year conforming rates before the end of next year. This is more than I have been expecting even as recently as last month.  My, how quickly things have changed.

It’s time for a bit of harsh reality: The move toward 5% will not likely be smooth, gradual, or immediate. Instead, rates will likely jump in intervals, based on whatever new positive economic data emerge and also when we see actions from the new Trump administration on fiscal policy.

Since mortgage rates have already gone up more than the Fed’s increase, they will likely stay in this range for the next two months or so. That means we may see some day-to-day volatility but little consistent movement up from where rates ended on Wednesday (the average 30-year conforming rate was just under 4.2%).

But as the year progresses, rates are more likely to move. Mortgage rates are most likely to move in the month ahead of each key Fed policy meeting. The most important meetings are in March, June, September, and December—so home buyers, mark your calendars!

If you intend to buy this year and finance the purchase with a mortgage, acting sooner rather than later will cost you less.

On a typical median-price home with 20% down, the monthly principal and interest payment would be $978 at a rate of 4.2%. That same home at 4.5% would cost $35 more per month. If we reach 5%, that monthly payment goes up to $1,074, or almost $100 more per month than where it is now.

Source: Realtor.com

 

Florida Realtors Sees Positive Trends in Today’s Housing Market

WASHINGTON – Dec. 2, 2016 – What fall slowdown? In many markets across the country, the housing market is showing anything but the typical seasonal slowdown. In fact, a report released by the National Association of Realtors® (NAR) finds just the opposite.

Existing-home sales eclipsed June’s cyclical sales and, in October, zoomed to the highest annualized pace in nearly a decade, according to NAR. All major regions saw an increase in sales last month as well.

It’s a good time to be in the real estate business. And NAR says that Realtors have a lot to be thankful for this holiday season:

The Economy is Improving

In 2017, the economy is expected to continue growing, at least at a moderate pace, next year, and growth will lead to even lower unemployment, which can help boost consumer confidence. What’s more, a growth in jobs often translates into more households looking for homes.

Powerful Buying Forces Emerge

Two major demographic shifts at play in the current housing market could profoundly drive sales in the coming years: millennials and retiring baby boomers.

We are now in the midst of two massive demographic waves that will power above-average demand for homes for at least the next 10 years,” says Jonathan Smoke, realtor.com’s chief economist. The median age of a first-time buyer this year was 32, according to NAR’s 2016 Home Buyer and Seller Report. Next year, 4.4 million people in the U.S. will turn age 32.

Further, the nation’s second-largest generation, the boomers, is now moving into retirement. Americans age 65 to 74 are in a key age range where housing decisions are being made, which typically involve a home sale and a purchase. Over the next five years, the number of people in the U.S. over the age of 65 is expected to increase 18 percent as the population overall grows only 4 percent.

Foreclosures are Plummeting

The foreclosure inventory fell 31 percent in September and completed foreclosures dropped 7 percent year over year, according to data from CoreLogic. What’s more, the number of seriously delinquent mortgages (ones 90 days or more past due, including loans in foreclosure or REO) dropped by 25 percent in September year-to-year to the lowest level since August 2007.

Completed foreclosures have fallen by a total of more than 100,000 homes during the 12 months prior to September 2016, says Anand Nallathambi, president and CEO of CoreLogic. “The decline in foreclosures is one of the drivers in the drop in vacancies, which is positive for homeowners and communities. Heading into 2017 we see that prices, performance and production – the three most important drivers of the real estate market – are all improving.”

More New Homes are in the Pipeline

Housing starts rose 25.5 percent in October, reaching a seasonally adjusted annual rate of 1.3 million, the Commerce Department reported. It’s the highest pace since August 2007. Single-family housing starts reached a nine-year high in October, reaching a rate of 869,000.

These robust figures correlate with strong builder optimism in the housing market,” says Ed Brady, chairman of the National Association of Home Builders. ” A firming job market, a growing economy and rising household formations will keep the housing recovery on track into next year.”

Drones are Flying

Long-awaited guidelines were released in June that allow more real estate professionals to incorporate drones into their marketing, and they’re capturing aerial pictures and videos of properties to lure buyers.

The Federal Aviation Administration released its final rule on commercial drone use in June, though guidelines must be followed: Operators are required to obtain a Part 107 certificate, which replaced the previous Section 333 waiver. Operators also no longer are required to hold a pilot’s license. Still, operators must take a test before flying, and they must retake that test every 24 months in order to operate drones. Also, there are restrictions on the number of activities you can do with a drone (such as FAA prohibitions against flying a drone over a person or flying at night).

“Businesses are more and more finding opportunities to utilize drones as a way of cutting costs and better serving customers,” says Tom Salomone, NAR’s immediate past president. “That’s true in real estate and other industries as well. As application of this technology picks up, the regulatory landscape will likely continue to evolve.”

Source: Florida Realtors

 

New Listing Added – Luxurious Waterfront Condo with Ocean & Intracoastal Views

The best of Florida living with this amazing unit located in the most prestigious Hillsboro Mile area.

Follow the sun. Features two balconies offering spectacular intracoastal and ocean views to enjoy breathtaking sunrises and sunsets. Walk along the beach and enjoy the ocean with private entry from building or access the intracoastal waterways.

Deeded garage parking space, boat dockage occasionally available for lease or purchase, 36′ boat length.

Pet friendly. Up to two dogs allowed of maximum 20 lbs.

For more information visit my Luxurious Waterfront Condo with Ocean & Intracoastal Views website page

 

 

 

New Development Added – PARAMOUNT Miami Worldcenter

An exciPARAMOUNT Miami Worldcenterting new development going up in the Miami skyline. Dubbed a “city within a city”, the impressive new PARAMOUNT Miami Worldcenter tower is a truly exceptional property.

“A signature residential tower that rises above what will be the ultimate shopping, dining and entertainment destination in Miami. It is above and beyond, when it is a PARAMOUNT.

PARAMOUNT Miami Worldcenter

Designed to maximize your experience and views, this 700-foot tower reaches far into the Miami skyline so that the world can admire your address, and your views are without boundaries. PARAMOUNT Miami Worldcenter is truly exceptional with a private pool deck, park, tennis courts and even indoor regulation soccer field on the Upper Deck of the mall (now called your backyard).

PARAMOUNT Miami Worldcenter

But move to the rooftop of your residential tower and you will discover the Skyview Deck and Lounge. An even more exclusive residential lounge and plunge pool oasis that was designed like a super yacht and guarantees all residents get to live in the penthouse. As you get to know this great tower, you will hear things like “outdoor living rooms” or “perfected kitchens”. What you really need to know is that your life, style and desires are one when entrusted to this address that could only be called PARAMOUNT.”

For more information, visit the PARAMOUNT Miami Worldcenter page on my website.