Sunrise Florida - Recent Home Sales Prices

The City of Sunrise is conveniently located in the heart of the tri-county area with easy access to all major highways in Broward County.  Some of the larger neighborhoods in Sunrise include the Residences of Sawgrass Mills, Welleby and Sunrise Golf Village.  Two new developments — Artesia (condos and townhomes) and the Tao Condo towers (two 26-story high-rise buildings that are the tallest structures in west Broward) are currently in various stages of construction.

Sunrise, Florida, is home to Sawgrass Mills (Florida’s largest retail and entertainment complex) as well as the Bank Atlantic Center - the second largest arena in the country and home to the NHL’s Florida Panthers ice hockey team.  Residents of the City of Sunrise can enjoy several amenities, including a world-class tennis club, golf courses, a soccer club, playgrounds and municipal swimming pools. Come see the lifestyle Sunrise can offer you! 

Below is a sampling of recent home sale prices* in Sunrise, Florida (sold/closed sales over the past 3+/- months through the date of this post).  You can search the South Florida MLS if you’d like to see listings of homes and condos currently for sale.

Recent Single-Family Home Sales Prices in Sunrise, FL:

• Hampton Lakes - 3BR/2.5BA/Lake - $330,000
• New Providence - 4BR/2BA/2CG/Pool & Lake - $415,000
• New River Estates - 3BR/2BA/2CG/Pool & Lake - $375,000
• Residences of Sawgrass Mills - 4BR/2.5BA/2CG/Pool - $450,000
• Riverbend - 3BR/2BA/2CG - $310,000
• Sawgrass Preserve - 4BR/2.5BA/2CG - $420,000
• Sunrise Golf Village - 3BR/2BA/1CG - $268,000
• Welleby - 4BR/3BA/2CG/Pool - $375,000
• Welleby Isles - 4BR/2BA/2CG/Pool - $357,500
• Westbridge - 3BR/2BA/2CG - $285,000

Recent Condo Sales Prices in Sunrise, FL:

• Allegro - 3BR/3BA/1CG - $295,000
• Artesia (condo) - 2BR/2BA - $360,000
• Colony Courts - 3BR/2.5BA - $230,000
• Fairway Isles - 2BR/2BA/2CG/Canal - $265,000
• Kingsley Commons - 3BR/2BA - $235,000
• Nob Hill at Welleby - 3BR/2.5BA/Lake - $268,000
• Park Terraces - 3BR/2.5BA/1CG - $286,000
• Waterford Crossing - 3BR/2.5BA/1CG - $237,000

*As reported on the South Florida MLS. <– Find homes for sale in South Florida!

South Florida Real Estate Market Conditions - August 2007

The Florida Association of Realtors (F.A.R.) has released the sales reports for August 2007.  Comparing the July 2007 figures with August 2007 (see below), the number of resale single-family home sales decreased in all three counties in August.  While the median sales price decreased slightly in both Broward County and Palm Beach County, it increased in Miami-Dade County by approximately 4%.

Unfortunately, the Miami metropolitan area did not fare as well with respect to condos.  While the number of sales of resale condos stayed rather stable (from July to August 2007) in the Fort Lauderdale and West Palm Beach metropolitan areas, the greater Miami area saw their numbers decrease a little over 16%.  Meanwhile, the median sales prices decreased somewhat in both the greater Fort Lauderdale and Miami areas but increased considerably in the West Palm Beach metro area.  Below are the numbers when compared to the same time last year.

*Median is the price at which half of the homes sold for more and half sold for less.

Source: Florida Association of Realtors (F.A.R.)

:: Read all posts tagged with South Florida Real Estate Market Conditions - 2007. ::

Jasmine Lakes Phase II in Davie, Florida

I’ve written before about investing in Davie condos or townhomes near NSU and the rest of the South Florida Education Center (SFEC).  If your preference leans toward purchasing new construction, you may want to consider Jasmine Lakes Phase II in Davie, which is ideally located just south of the SFEC near the SE corner of Davie Road and Griffin Road. 

Currently, there are several 2- and 3-bedroom condos in two-story Mediterranean style lakeside buildings that are reasonably priced in the $180’s and $190’s $170’s and $180’s (base price).  Standard with each unit are laminate countertops, carpeting in the living areas and ceramic tile flooring in the foyer, kitchen and bathrooms.  Optional upgrades include granite countertops, stainless steel appliances, laminate wood floors, 20″ tile and more.  The maintenance fee is a relatively low $209 when compared to similar condos.  The second-story condos feature vaulted ceilings and limited attic space while the ground floor units offer a small concrete patio with a built-in planter.  All floorplans at Jasmine Lakes Phase II feature kitchens with a pass-through snack bar which opens to the dining area, and pre-wiring for a security system.  Some units offer views of the lake.

:: View a Virtual Tour of Jasmine Lakes Phase II ::

Community amenities include a two-level clubhouse that, once the renovations are complete, will include a state-of-the-art fitness center, ping-pong, and possibly a billiard table.  Already in place are brand new luxurious kitchen facilities with an adjacent open serving bar area (with sink), cabana bathrooms, a seating area on each level, and a water feature in the lobby.  Residents can also enjoy the heated swimming pool and spa, as well as a tennis/basketball court which is due to be refurbished soon.  The community also features a walking/jogging trail around a second lake.  Jasmine Lakes Phase II is approximately 15-20 minutes from Fort Lauderdale Beach and many Broward County hot spots. 

From now through the end of 2007 I’m offering buyers a rebate of $1,000 after closing if they purchase one of these condos through me.  So if you’re considering viewing any of the units at Jasmine Lakes Phase II, be sure to contact Leanne Paynter at 954-846-1600 to schedule a showing.  UPDATE:  Only a few of the 2-bedroom floorplans are still available at this time so don’t delay!

Broward County Events - Enjoy Live Music and a Clambake!

There’s always some event going on around Broward County.  Now that the weather is starting to cool slightly, why not get out and enjoy some live entertainment along one of our lovely beaches?  If you’ve never been to a clambake, here’s your chance to experience one South Florida style! 

The following are upcoming events in Broward County for the month of September 2007.

• Broadwalk Friday Fest - Hollywood Beach Theatre at Johnson Street (the 2nd and 4th Friday of every month from 7-10 p.m.). Enjoy live music along Hollywood’s 2.5 mile Broadwalk which offers oceanfront eateries so bring your appetite! (click on the link to see a .pdf flyer that includes a listing of restaurants within a short distance of the event).
• Jazz On The Square - Lauderdale by the Sea (every Friday night at 7 p.m. ). An outdoor music festival at Commercial Boulevard and the Beach.
• 6th Annual Hollywood Beach Clambake - Hollywood (Sept. 28-30, 2007 - Friday 5-11 p.m., Saturday 12 noon-11 p.m., Sunday 12 noon-9 p.m.). Enjoy fresh seafood, live music and entertainment on Hollywood’s Broadwalk.  Update: here’s a slideshow from this year’s Hollywood Beach Clambake!

Click here for an up-to-date list of Broward County events!

Affordable 2-Bedroom Condo at SpringCrest in Sunrise, Florida

This 2-Bedroom, 2-Bathroom is in the condo community of SpringCrest in Sunrise, FL, is in true move-in condition and even offers a pool view!  It has a split bedroom floorplan for maximum privacy and was completely updated 3 years ago.  The condo has 18″ neutral tiles throughout as well as knock-down textured walls, new baseboards, new A/C, new hot water heater, new stacked washer/dryer, and new kitchen cabinets, countertops and appliances! 

This SpringCrest condo has the largest 2-bedroom floorplan available with 1,154 sq. ft. of air-conditioned living space, a spacious patio and included with the condo is a large extra storage space outside the unit.  Community amenities include a pool, tennis court and fitness center with sauna.  Pets are allowed (under 20 lbs.) and all ages are welcomed.  The price has just been reduced to $167,000.  You simply won’t find another condo like this in that price range!  View a virtual tour and contact Leanne Paynter at 954-846-1600 to schedule a showing.

UPDATE:  This condo has been rented.  For more information, please contact Leanne.

Quick Home Sale Strategy - Tip #3: New Door Hardware

In the current South Florida buyer’s market it’s important that your house stand out above the competition if you want to have a good chance of selling it reasonably quickly.  Home buyers today are looking for signs that the house they’re looking at has not only been well maintained but also updated over the years.  Many buyers want that “new home look” without the price tag that almost always comes with the purchase of a new home.  In my experience, one of the things home buyers do when comparing resale homes is figure out how much time and money they’ll have to put into a house before they can get it to look how they’d like it to look.

If you are at all a DIY (do-it-yourself) type of home seller, then consider whether your interior door knobs could use some updating.  If your door handles look more like the example on the right than that on the top left, you may want to invest some money on the newer, updated styles of door handles.  The example on the top left can be found at Lowes for $23.97 plus tax (that comes to an investment of about $127 for a typical 3-bedroom, 2-bathroom house with five interior doors) and is the style many South Florida new home builders have been installing on their interior doors in recent years.  While you’re at it, you may want to invest in new door stops, too, if your old ones won’t match your new door handles.  Of course, an exception to the suggestion of new door knobs is if you own a home with an architectural style (Victorian, Craftsman, etc.) that is better off with the original or restored hardware in order to stay in character with the home.

Surprisingly, sometimes it really is these little touches that make a difference in whether or not your house is appealing enough for buyers to want to put an offer in rather than continue looking at homes.  Home buyers usually look at the overall picture, not just any one thing — but it’s the small things that make up the larger picture.  This tip along with my other quick home sale tips are based on comments I have personally heard buyers make as I show them homes.  First and foremost, though… in any market, but especially in the buyer’s market that South Florida is currently experiencing, your home must be priced competitively as none of these home improvements will make a bit of difference if your home is overpriced.

IKEA opening in Sunrise, Florida this Fall

UPDATE:  The Sunrise, Florida IKEA’s Grand Opening 
is scheduled for Wednesday, October 17th at 9:00 a.m.! 

The Swedish furniture giant IKEA will have a grand opening for its first store ever in Florida this Fall.  The newest IKEA will be located at the northwest corner of I-595 / S.R. 84 and 136th Avenue in Sunrise, Florida (western Broward County) as part of the 25-acre “Gateway at Sawgrass” retail center.  This store even includes a double-decker garage which will no doubt be filled to capacity during its first few weeks, followed by the holiday rush. 

For IKEA’s loyal fans, this grand opening will mean no more need for catalogs or online shopping for their favorite furniture and accessory items.  Florida has more customers than any other state without an IKEA store. Its 293,000 square feet of space will be much like other IKEA’s in that it will offer dozens of room settings, children’s play areas, and a restaurant that serves American food as well as Swedish specialty dishes.

Some may recall IKEA’s new location was originally the site of Blockbuster Golf and Games until the late 1990’s when it became defunct. IKEA scouted for a South Florida location for two years, creating some controversy along the way before securing this easily accessible location. The store is expected to become a destination spot much like the nearby Sawgrass Mills Mall has been since its opening.  Surrounding the new IKEA store will be several high-end boutiques as well as new eateries.

The Sunrise, Florida, IKEA is expected to create approximately 400 jobs in an area that already has a low unemployment rate.  Prospective employees are welcome to apply for various store positions.   If you know anyone in Central Florida, a second Florida store - the Orlando IKEA - is scheduled to open on November 14, 2007.

Certainly, there is much competition among South Florida furniture stores but with the population of South Florida continuing to increase, I suspect one more furniture store won’t impact other area stores very much.  No doubt, some of the 396 owners of the new Tao condos (which are nearing completion) or the hundreds of buyers of Artesia condos will be visiting some of the nearly dozen nearby furniture stores.

Florida Real Estate News

Florida Real Estate News Headlines:

Florida faces $4.4 million in budge cuts. (Read Article)

FL legislators oppose allowing Vegas-style gambling at Seminole casinos. (Read Article)

South Florida Real Estate News Headlines:

Hundreds of employees laid off by South Florida mortgage companies. (Read Article)

Broward County and Palm Beach County foreclosures doubled since same time last year. (Read Article)

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Davie FL Homes with No Homeowner Association Fees

Today’s installment is the second in my series of posts on South Florida neighborhoods with no homeowners association (HOA) and this one focuses on Davie, FL homes.  The bulleted list below represents just some of the subdivisions in Davie, Florida that are HOA-free.  

Additional Davie neighborhoods that are not part of a homeowners association include CCC Ranches, Crooked Oaks, D & M Acres, Davie Farmettes, Davie Heights, Davie Little Ranches, Everglades Land Sales, Fla Fruit Lands, Griffin Park Estates and Hiatus Ranchettes.  Never heard of these?  Well, that’s probably because they don’t have entrance signs!  Other communities that you’re not likely to recognize and have no homeowner association include Lakeshore Ranches, Lauderdale Little Ranches, Lychee Woods, Marlboro Estates, Martha Bright Farms, Mecuda Estates, Miele-Simonson Estates, Newman’s Survey and North Acres.  Additional Davie, FL neighborhoods with no HOA include Orange Acres, Palm Garden Park, Paradise Farms, Rio Ranches, Sequoia Estates, Silver Lake, Strong Park, SunnyLane Farms and Zinner Park.

Next to each neighborhood’s name, I’ve included the price range of homes you’ll find in that neighborhood as of the date this post was published.  Click through if you’d like to learn more about a particular community.

• Arrowhead Country Homes and
  Arrowhead Golf and Tennis Club homes (mid-$300’s to mid-$400’s)
• Driftwood Estates (high-$200’s to mid-$300’s)
• Flamingo Groves (high-$500’s to $1.5 million)
• Grove Estates (high-$700’s to $1.3 million)
• Hiatus Isles (mid-$500’s to mid-$700’s)
• Lawson Isles (low-$500’s to mid-$800’s)
• Majestic Groves (high-$500’s to $1.1 million)
• Nova Homes (high-$200’s to high-$300’s)
• Oak Hill (high-$400’s to $1.5 million)
• Orange Tree Homes (low-$300’s to low-$400’s)
• Playland Village (high-$100’s to mid-$200’s)
• Rolling Hills Lake Estates (high-$300’s to high-$700’s)
• Stirling Lake (mid-$200’s to mid-$300’s)

If you’re looking for a home in Broward County that’s in a community that is HOA-free, be sure to check out my previous post which focused on Plantation Florida neighborhoods with no homeowners association.