Archive for February, 2013

252 Eagle Drive | Admirals Cove

February 22nd, 2013

The best water view in all of Admirals Cove. The water view from all of the condos on Eagle Drive is far and away the most superior within all of Admiral’s Cove, as that is the largest lake and it leads directly into the Intracoastal Waterway with no fixed bridges. This rare, 3BR harbor home at 252 Eagle Drive has coveted 2nd-floor vaulted ceilings for great light. This harbor home comes with its own dock, as do all harbor homes. It can also handle a 31-foot boat. The kitchen has all custom cabinets with a built-in desk to match. The living room has a sensational built-in wall unit. The master bedroom also has expensive built-ins as does the bedroom, which is presently being used as an office. There is no other condo as large or that has better views than this one. It truly is the best of the best. There is a separate laundry room. The garage also has a workroom area for the handyman of the house. There is a winding staircase together with an elevator. The unit is in perfect condition, totally cared for by the owners.

252 Eagle Drive

252 Eagle Drive – Screened porch and view

 

252 Eagle Drive | Admirals Cove


Women's Cancer Awareness at PGA National 2013 | The Squire Course

February 20th, 2013


Below you will find all of the pictures of those who participated on the Squire course. Just click on the name and it will take you to that person’s photo.

To see photos from the Palmer course, CLICK HERE.
To see Photos of the Day & The Best of The Best, CLICK HERE.

Women’s Cancer Awareness 2013 at PGA National

The Squire Course

Pauline Armbrust Paula Bert Barbara Blackman
Julie Booty Susan Cushing Kathy Dargo
Marnie Drulard Linda Essey Susan Foster
Lila Gay Pat Gelardi Sandra Gilmore
Margo Gimmelesta Linda Halaby Susan Herrmann
Terry Hork Bette Hutchins Angela Jagger
Kathy Karabetian Clemencia Kelly Joy Kiah
Ellen Kurtz Lynn Kurz Mary Lou Lawrence
Sally Muzii Kathy Myers Cindy Nadel
Gunilla Olander Sharon Petillo Judie Primack
Brite Marie Ramey Susan Ritchie JoAnne Roark
Marilyn Rudden Helen Rullo Judy Saura
Pam Schneider Ellie Schweitzer Sally Shumway
Elaine Steppa Ellen Watson Dianne Wegener
Collen White Hazel Willacy Pat Worman
Mary Grace York

Pat Gelardi, Lynn Kurz, Kathy Myers, Judy Saura

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Barbara Blackman, Lila Gay, Bette Hutchins, Sally Shumway

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Joy Kiah, Susan Ritchie

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Julie Booty, Susan Cushing, Sally Muzii, Ellie Schweitzer

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Paula Bert, Terry Hork, Pam Schneider, Dianne Wegener

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Susan Foster, Linda Halaby, Sharon Petillo, JoAnne Roark

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Margo Gimmelesta, Clemencia Kelly, Gunilla Olander, Brite Marie Ramey

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Kathy Dargo, Linda Essey, Kathy Karabetian, Cindy Nadel

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Marnie Drulard, Sandra Gilmore, Pat Worman, Mary Grace York

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Angela Jagger, Judie Primack, Ellen Watson, Hazel Willacy

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Pauline Armbrust, Mary Lou Lawrence, Helen Rullo, Collen White

Women's Cancer Awareness at PGA National 2013 | The Palmer Course

February 20th, 2013


Below you will find all of the pictures of those who participated on the Palmer course. Just click on the name and it will take you to that person’s photo.
To see photos from the Squire course, CLICK HERE.
To see Photos of the Day & The Best of The Best, CLICK HERE.

Women’s Cancer Awareness 2013 at PGA National

The Palmer Course

Margaret Antalok Jane Baker Sara Barretta
Joine Bobb Doneve Booth Judy Borninstein
Dan Burton Carolyn Cohan Lauren Collins
Marilyn Davoli Sharon Deveney Marge Eckstein
Jackie Eisenberg Pat Erdly Florence Flynn
Marsha Garfield Susan Goldfarb Toni Goodman
Janette Granet Ann Grenci Linda Horgan
Shirley Korth Shana Lasky Linda Long
Ginny Luongo Leslie Marcus Ann Marmelstein
Elaine Mazza Carol Ney Margaret Peddle
Barb Phillis Whitney Posillico Ellen Ptashek
Claudia Rassamann Kibbe Reilly Myrna Rosenfeld
Ellen Rosenwasser Nancy Rossman-Reber Joy Simpson
Darlene Smith Ruthann Stanger Connie Tracy
Jeannine Walsh Terry Weis

Lauren Collins, Whitney Posillico, Kibbe Reilly, Joy Simpson

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Dan Burton, Pat Erdly, Claudia Rassamann, Darlene Smith

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Marsha Garfield, Toni Goodman, Ruthann Stanger, Jeannine Walsh

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Marge Eckstein, Jackie Eisenberg, Ann Grenci, Ginny Luongo

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Doneve Booth, Leslie Marcus, Elaine Mazza, Ellen Ptashek

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Shana Lasky, Carol Ney, Margaret Peddle, Barb Phillis

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Sara Barretta, Joine Bobb, Marilyn Davoli, Linda Long

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Carolyn Cohan, Janette Granet, Shirley Korth, Ann Marmelstein

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Jane Baker, Judy Borninstein, Myrna Rosenfeld, Terry Weis

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Sharon Deveney, Florence Flynn, Linda Horgan, Connie Tracy

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Margaret Antalok, Susan Goldfarb, Ellen Rosenwasser, Nancy Rossman-Reber

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912 Augusta Pointe Drive | Augusta Pointe | PGA National

February 17th, 2013

Unmatched spectacular golf, lake & PGA Resort views will be enjoyed from this custom-designed great room floorplan at 912 Augusta Pointe Drive in Augusta Pointe at PGA National. Ahead of its time, the 1st floor views can be enjoyed from anywhere. Volume & tray ceilings bring in lots of light. The open kitchen is a chef’s delight. Stainless steel appliances, including GE Café Professional & stylish white cabinetry are the perfect place to make a meal. The dining room has a built-in buffet & opens to the breakfast/great room. Upstairs is a large master suite with balcony, walk-in closet & bidet. 2 guest rooms & a double loft (great study). Downstairs is a bedroom suite than can be used as a 2nd master. Wide sliders open onto the covered loggia with remote screens. Spacious patio, Diamond Brite pool & fenced yard. Newer A/Cs & accordion shutters.

912 Augusta Pointe Drive

912 Augusta Pointe Drive – Pool

 

 

912 Augusta Pointe Drive | Augusta Pointe | PGA National


Real Estate Roundup for Q4 2012

February 15th, 2013

1. Short Take: Normalcy! For 6 years, the south Florida real estate market was in a depression. 2012 marked the year we came out of it. Total inventory dropped an incredible 40.1% from 2012 to 2013. According to the Florida Realtors, inventory is now at 6,794 total units versus 11,299 total units a year ago. Market time is down and homeowners are getting 2.7% closer to their original list price from a year ago.

2. Prices: Prices are up from a year ago. However, there is a much greater increase in the lower prices, distressed properties, and townhomes/condos versus single family homes. Homes in low HOA and non-mandatory membership communities are faring best.

3. Sales: Sales are stabilizing and have even dipped, as the bottom of the market has passed. Closed sales were up 9.9% from a year ago.

4. Buyers: Who’s buying – first-timers, mover-uppers, downsizers, foreign buyers, or others? Downsizing is still going on. We are seeing fewer and fewer people hanging on to their main home up north and are moving to Florida on a permanent basis. We are seeing people looking to move to Florida because of our no income tax status. We are working with a buyer right now who is looking to move their hedge business of 20 employees here from the northeast. The owner is looking in the $5-10m category and other employees in the $300,000 to $700,000 category. California is taxing the wealthy at 13.3%. If you don’t have to live in California, why would you pay 13.3% more to live there? Taxes going up to 39.6% and income taxes going up in other states have triggered a tipping point and Florida should see a bump of businesses relocating here because of it.

5. Distressed Properties: Fewer available. I’m hearing still a few years left of short sales, but the percentage of distressed properties is going down considerably. Sellers need to move quickly, though. This year might be the last opportunity to take advantage of the forgiveness act.

6. Financing: Are your clients having trouble getting loans? Yes and No. In the past 3 weeks, I’ve had 4 consecutive financing deals not appraise out. A fifth one did, but because it’s a jumbo loan, the lending institution is ordering a 2nd appraisal. Remarkably, all 4 deals got put together. Buyers came up with the cash difference on 3 of the deals and the 4th one was a compromise. Sellers, who are accepting loans from buyers, need to make sure their Realtor preps the Buyer’s agent to come up in price while the deal is being put together. If not, Buyers will get surprised and feel slighted, thus leading to a deal. Sellers need to avoid Buyers with low credit scores (below 620) and who can’t afford to come up with the difference in case the appraisal doesn’t appraise out. Mortgage rates are nothing, but Cash is still King!

7. Comments: Palm Beach County is growing fast. See the projected growth in Palm Beach County below. These numbers are based on an endless supply of baby boomers that will continue to bring growth to our region.

2010: 1,320,134
2011: 1,325,743
2015: 1,394,300
2020: 1,482,900
2025: 1,568,500
2030: 1,648,000

Our 0% income tax rate and low cost of living might lead to these numbers being higher. Phil Michelson’s comment about taking drastic measures to avoid his calculated 63% tax rate is on people’s minds. Florida Power & Light just announced 1,800 new jobs to be created in Palm Beach Gardens in their new facility. There are lots of rental housing projects in the works but very little in new home projects. Less distressed property and continued growth could lead to much less supply, fast forwarding to a year from now. The still tough economy and conservative borrowing standards could lead to a frustrating market in getting deals done a year from now.