Sunday, May 11, 2008

Regatta II - Miami Beach preconstruction project

A fine project:




Regatta 2 - Miami Beach, Fl
Prices $240,000 to $1,245,000
Sizes 647 to 2260 Sq. Ft.
Delivery Spring 2010
Units 116
Floors 7




The Regatta 2 by G@D Developers and Weintraub Companies in Miami Beach, Florida. will complete the Regatta Complex located at 6580 to 6644 Indian Creek, one block west of Collins Avenue on the peaceful intra coastal waterway, a block from our beautiful beach.

The first phase of Regatta won numerous beautification and architectural awards for its sleek fusion of geometric and curvilinear lines. Regatta 2, an even more spectacular second phase, will complete the vision of the ideal lifestyle. This boutique, intimate condominium surrounded by water, features a private full service marina with 18 slips, a waters edge pool, whirlpool, sauna, fitness center, recreation room, 24 hour concierge and valet, high end interior finishes, spectacular sunsets, and a short walk to the beach. Yes, everything that completes the perfect waterfront lifestyle in the sun.

Midway between South Beach and Bal Harbour, minutes from Miami International and downtown Miami, the location is optimum. North Beach is shining. It is the hottest and fastest growing area of Miami Beach, with unique, sophisticated developments such as The Canyon Ranch and The Bath Club a stone’s throw away. Not to mention, our Opening VIP Prices are the best in the area, averaging in the 400’s per square foot. For a limited time only, the first to purchase will receive a VIP discount on selected units with an incomparable array of attractive incentives to choose from including free maintenance for 1 year, a boat club membership, to interior finish upgrades. Contracts were released November 2007. Demolition will be completed by the end of February, 2008 and Construction will commence by the end of 2008. The completion schedule is extremely attractive from an investment angle in relation to the current US Real Estate market and the location is quickly transforming into one of the most desirable along the beaches. The interest rates are excellent and currency exchange rates for foreign Buyers are the best in years.
Delivery: Spring 2010.
FEATURES:
9’ 4” ceilings throughout – Large Private balconies with breathtaking Water & City Views – Expansive floor-to-ceiling hurricane proof windows – European- Style Kitchen with elevated breakfast counter top – Designer fixtures & appliances with contemporary styling – Marble flooring in all bathrooms – High efficiency central air conditioning & heated system – Fire protection sprinkler system & smoke detectors – Pre-wired for cable and High speed internet – Full- sized washer and dryer in every unit – Penthouses with private roof terraces & jacuzzi’s
(Roof Top Terraces – Prices to be released shortly)

AMENITIES:

Private full-service marina with 18 slips for sale
(18 Dock Slips from $125,000 – $175,000) – The Riverwalk: lanscaped pedestrian promenade by the water enjoying a peaceful stroll along the Indian Creek. – The Atrium: A tropical landscaped interior courtyard with reflecting pool, waterfalls, & sitting area. – Porte Cochere entrance & elegant boutique-style lobby – Waterfront swimming pool & whirlpool with Sundeck – Cedar Sauna – State-of-the-art Fitness Center – 24-hour Concierge & Valet Parking – Covered Parking spaces

OPENING SELECTED VIP PRICE RANGES – LIMITED LIST

Studios / 1 Bed Convertible Units:
From $240,000 – $290,000 – ($370 – $440 per square foot)
647 square feet under ac /141 square feet balcony
Type I - Partial water views - Large 1/1 Residences:
$445,000 – $469,000 – ($448 – $480 price per square foot)
970 square feet under ac 213-1220 square feet balcony

Type H - Street/Ocean views - 1/1 + Den Residences:
$305,000 – $455,000 – ($360 – $480 price per square foot)
845-1061square feet under ac 107-161 square feet balcony

Type G, F - Street/Courtyard/Ocean views - 2/2 Residences: $377,000 – $495,000 – ($347 – $459 price per square foot)
854-1182 square feet under ac 137-250 square feet balcony

Type N, M, TH, R, E, E1 -Water/Courtyard views 2/2 + Den Residences:
$490,000 – $689,000 – ($398 – $537 price per square foot)
1231 – 1282 square feet under ac /230 – 400 square feet balcony

Type A, B, D, DR Waterfront/prime waterfront views Large 3/3 Residences:
$749,000 – $975,000 – ($450 – $560 price per square foot)
1673 square feet under ac /360 square foot balcony

Type C, CR Prime waterfront views - Exclusive PH Residences with Private Rooftop Terraces:
$975,000 – $1,245,000 – ($527 – $550 price per square foot)
1850 – 2260 square feet under ac /344 – 477 square foot balcony / 846 – 1169 square feet Roof top terraces with whirlpool/shower

Type PH D, E - Prime waterfront views VIP First 20% LIST – Only $441 Average Price per Square Foot - Rooftop Terraces also sold separately- $50,000 – $90,000 Can accommodate whirlpool tubs/showers
18 Full Service Dock Slips, Private Marina, No Bridges to the Bay – $85,000 each.
Additional Parking Spaces – $25,000
Very attractive Buyers Incentive program – choice of free maintenance for 1 year or interior upgrade credit at Closing

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos,

Construction of affordable housing in Palm Beach

No affordable housing built 2 years after Palm Beach County's new rules - By Andy Reid - South Florida Sun-Sentinel - May 11, 2008

Two years after Palm Beach County started requiring more affordable housing in one of Florida's most expensive real estate markets, none of the reduced-price homes has been built.More than 500 of the homes envisioned as "work force housing" for teachers, young professionals and others are on the drawing board.County officials blame a drop in the housing market nationwide for curbing new home construction and stalling affordable housing efforts.

Developers and home builders who fought the county's affordable housing push two years ago are now trying to get the building requirements repealed. They argue that the decline in the real estate market lowered the prices of existing homes, making restrictions on new construction unnecessary. For two years, they have maintained that forced price limits on some new homes only drive up the costs for others.

County commissioners on Tuesday are scheduled to discuss the 2-year-old affordable housing effort and consider requests to scale back or drop the price limits.Despite a slumping housing market, the median price of a home in
Palm Beach County - $320,200 in March - remains out of reach for many middle class buyers, said Deputy County Administrator Verdenia Baker, who spearheaded the affordable housing rules. She contends that the county needs to keep requiring that a percentage of new homes remain in the targeted price range of $164,000 to $304,000."We have limited build-able land left," said Baker, who helped craft the housing rules after months of sometimes contentious negotiations with the building industry. "If we don't restrict this, we are going to be back where we were during the [housing] boom Palm Beach County in April 2006 started mandating limits on the prices of a percentage of new homes. The rules, finalized in November 2006, came after years of skyrocketing South Florida home prices. Schools, hospitals and local businesses complained that more and more of their workers couldn't afford to live in Pal m Beach County. At the time, the median price of Palm Beach County home hovered near $400,000. Under the rules, most developments with 10 or more homes are required to keep 16.5 percent of the homes priced between $164,000 and $304,000. That price range targets households that make between $38,600 and $96,600. To compensate for limiting prices on the affordable homes, the county allows developers to build "bonus" homes beyond what current rules allow. Developers also can get breaks on traffic requirements and they can avoid fees for building homes on land usually reserved for fire stations, libraries or other community facilities. The price limits apply only to unincorporated areas, but the county encouraged cities to adopt similar standards. But just as Palm Beach County put affordable housing rules in place, the dip in the real estate market slowed home construction.During the first three months of 2006, construction started on 1,725 new houses — down from 2,301 during the same time period in 2005, according to the housing industry research firm Metrostudy. That slide continued to 817 during the first three months of 2007 and 357 this year. Broward County saw a similar downturn, dropping from 803 new construction starts in the first quarter of 2005 down to 248 this year.A glut of home construction fueled by rising real estate prices during South Florida's housing boom resulted in a large inventory of unsold new homes when that boom ended, said Alan Hunter, a market analyst for Metrostudy. The result is a dramatic slowdown in home construction, he said.
No affordable housing built 2 years after Palm Beach County's new rules..
Sales fell through the floor and the builders cut way back," Hunter said. "It has been a long, painful process and there is more pain to come."

Two years ago, home builders, Realtors and other real estate interest groups argued that new home prices were market driven and should not be subject to county limits. Two years later, the county's affordable housing approach hasn't delivered and the glut of existing homes up for sale gives buyers more price options, said Skeet Jernigan, president of the Community and Economic Development Council, which represents builders.
"A lot of affordable housing is out there," Jernigan said.
Osprey Oaks, a mix of houses and townhomes proposed west of Boynton Beach, was supposed to deliver affordable housing under county guidelines, but construction remains "in a holding pattern" because of the real estate market, said Jim Gielda, project manager for E.B. Developers. Osprey Oaks plans call for 37 of the 171 approved homes to be sold in the county's affordable price range.
Cutting fees and speeding permits would help accomplish affordable housing more than a "forced policy," Gielda said. "Obviously we recognize the need for affordable housing [but] you really need to look a little bit more at the incentives," Gielda said.
During the real estate boom, the county had a voluntary affordable housing program that included incentives for builders to limit home prices. It failed to lure many developers, until the county started talking about making affordable housing mandatory.
"It is still a need," Baker said.




Henry B. Nathan is a Florida Realtor at United Realty Group Inc.Visit my website: http://www.condo-southflorida.com/where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos

Friday, May 09, 2008

Rent a place at the Exchange Lofts



The Exchange Lofts, Fort Lauderdale he been converted to a rental property. Call us for details or rental inquiries. They are an upscale and fashionable place, not exactly your bottom-line, affordable home for rent refuge, but one of the nicest.

The Exchange is a vintage six story former Southern Bell Telephone Company Exchange Building.
Located in a chic, funky neighborhood where most things are within a five block radius. Way convenient. Wide streets have lots of fashionable stores, sidewalk cafes, entertainment and dance clubs. Las Olas Boulevard, the place to be and be seen. Catch the nearby surf. Road trip it to South Beach or the Keys. It's everything you want, right where you want it.



Loft living is taking the hip urban scene to a whole new level..There's nothing fussy and what you see is exactly what you get: an ultra-cool pad. With mega space, wide-open interiors, tall ceilings, exposed walls and beams, big-window lighting and stellar views, each loft is a virtual canvas for your creative edge.

Nearby attractions include the Broward Center for the Performing Arts, Museum of Discovery and Science with its Blockbuster 3D IMAX Theater, Fort Lauderdale Museum of Art, the Riverwalk Arts and Entertainment District, Broward County Main Library, Fort Lauderdale Historical Society and the turn of the-century Stranahan House.


AMENITIES:
A beautifully landscaped private vest pocket park with water feature
Ground floor walk-up lofts
A contemporary urban-inspired lobby features a blend of complimentary sleek-to-rustic textures
Eclectic industrial style lighting fixtures with a galvanized aluminum finish define the lobby entrance
Chic flooring consists of slate like porcelain tiles with metal inserts
Stellar 14 foot high ceilings are dressed with aged brick columns
Convenient drop-off motor court area
Wraparound colonnade from NE 2nd Street to NE 3rdAve
ROOFTOP FEATURES
Ultra-cool cabanas with large city view private terraces
Expansive sundeck with panoramic views
State of the art pool and hot tub
A retro influenced fully equipped fitness center.
An open living concept. Non conventional spaces. Maintaining the building's original integrity, The Exchange’s structural elements reveal unique character. Eighty-seven lofts. City views. And modern design features so sleek and trendy.

Metal balconies. Impact resistant 7.5 foot high windows and doors to meet today’s hurricane building code
Fire sprinkler suppression system and smoke detector alarms
Builder Warranty Program



INTERIOR FEATURES
Fashionable 18x18 porcelain tile floors
Wide-open interiors with approximately 14 foot high ceilings
Space saving full-sized stacked washer and dryer



KITCHEN FEATURES
Granite countertops
Under-mount sink
High-quality custom cabinets
Sleek stainless steel refrigerator, dishwasher, and microwave
Smooth flat top electric range
Storage space









BATH/POWDER FEATURES
Wood vanity cabinetry with frosted glass vessel sink
Wall mounted polished chrome designer faucet
Porcelain wall tile in shower



Henry B. Nathan is a Florida Realtor at United Realty Group Inc.Visit my website: http://www.condo-southflorida.comwhere you can search for Aventura Condos, Florida Condos, Sunny Isles Condos

Banks selling commercial mortgage backed securities

Read in the news today - May 9, 2008

Investors are starting to buy up billions of dollars in mortgages that have been stuck on the books of banks, but that hasn’t yet freed up money for new mortgages.

In the past four weeks, banks have gone to market with four issues of commercial mortgage backed securities with a total balance of $4.9 billion, according to data provider Commercial Real Estate Direct.

That’s a big improvement from weeks earlier this year when there were no deals, but down from the same period last year, when the issuance totaled $78.7 billion.
Banks are offering the securities at discounts ranging from 5 percent to 20 percent, but those discounts are modest compared to what vulture investors got in the wake of the last major real-estate collapse in the early 1990s.

That’s because default rates on commercial real estate remain low by historical standards. And there’s a lot of cash available. Banks don’t have to take the low-ball offers.

Source: The Wall Street Journal, Lingling Wei and Jennifer S. Forsyth (05/09/2008)



Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website:
http://www.condo-southflorida.com/
where you can search for
Aventura Condos, Florida Condos,


Thursday, May 08, 2008

Florida appropriates $10 million from Condo Trust Fund

May 8th, 2008

I read the following article in today's newspapers. What I understand is that the state of Florida is actually taking $ 10 million from a trust fund, which was constituted by money that each condo owner pays through his association, as well as contributions and fines paid by developers.

In my opinion, it doesn't matter if the $10 million taken from the fund are going to affect or not the fund's mission or have a "negative impact". It doesn't matter if the fund has too much money in reserve.

What matters is that money that basically belongs to condo owners and should be used for their protection, is diverted to another use that has nothing to do with the fund's purpose. Is that right?

By all means, condo owners will still have to disburse this money every year, even though there is no need for it because the fund has a surplus.

I am not an expert in state budgets and appropriations. But this matter sounds weird to me.

Text of the article:

BY JOE KOLLIN - South Florida Sun-Sentinel - May 8, 2008

Almost one-third of the money designated for programs to help educate condo owners and pay for enforcement of condo laws will be diverted for unrelated state expenses as a result of the current budget crunch.

The $66.2 billion state budget approved last week by the Legislature includes $10 million from the condo trust fund, according to Thomas Philpot, a spokesman for Gov. Charlie Crist.

The state created the trust fund so condo owners, not other taxpayers, would pay for condo services. Money comes from the $4 annual fee each unit owner pays the state via his and her association, or about $5.6 million a year based on 1.4 million units. Money also comes from fees charged developers when they build condos and fines paid by associations that violate condo laws.

The trust fund currently contains about $29 million, about $7 million of which is used for investigators and accountants to review complaints by owners, educational programs for owners and the condo ombudsman. The rest is held in reserve.

"The $10 million trust fund sweep will not have a negative impact" on state services to condos, according to Michael Cochran, director of the Division of Florida Land Sales, Condominiums & Mobile Homes, the agency that regulates condos.

In January, Crist had proposed taking $20 million from the fund to help pay for other state programs. Jan Bergemann, president of Deland-based Cyber Citizens for Justice, a volunteer organization that helps unit owners, called it wrong to have so much condo money in reserve. "There shouldn't be a surplus. The money should have been used for the purpose intended — protection of condo owners," he said.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos,

Sunday, May 04, 2008

Vote for us in the Real Estate Blog Contest

Real Estate Blogs contest.

Congratulations to FHA Mortgage Center. A friendly contest between Real Estate Blogs.

We might not be the best one. But we try.

Vote for our blog if you think we're doing a good job.

Otherwise, just vote for the best one.

Friday, May 02, 2008

Protecting distressed homeowners

Interesting article I read today in the Miami Herald.

State lawmakers passed a bill to protect delinquent borrowers from losing their homes and and money to fraudulent foreclosure rescue services.

The Miami Herald – By Monica Hatcher - May 2, 2008

Almost as soon as she found out her lender had filed foreclosure, Deneen Whitley began getting phone calls, letters and pamphlets from foreclosure rescue services offering to save her Cutler Bay home from the clutches of the bank.

Whitley has resisted the offers so far, mainly because she's heard of people losing their homes after using such services. The temptation lingers, though, as the foreclosure clock keeps ticking with no resolution in sight.

''I have thought about it,'' Whitley said.

In an effort to protect the growing number of homeowners in the same situation, the state Senate approved a foreclosure fraud bill Thursday, reining in the growing field of consultants and equity purchasers offering home-saver services to delinquent borrowers. Some have been accused of duping homeowners into signing over their property and then selling for profit or charging them stiff fees to get it back -- a scheme sometimes called equity stripping.

Sen. Mike Fasano, R-New Port Richey, one of the bill's sponsors, said the legislation would help bring transparency to the foreclosure rescue business. The bill passed the House earlier this session. Gov. Charlie Crist is expected to sign it.

The bill requires foreclosure rescue companies to provide disclosures in contracts, including the fact that a homeowner may be selling his or her property.

Homeowners also would get a day to consider a contract before signing it, as well as three days to back out of the agreement. The new requirements stem from homeowners' complaints of being rushed into signing contracts they didn't understand.

''When you have people who are desperate to save something of such value to them, you have scammers and con artists trying to take advantage of the situation,'' said Sandi Copes, a spokeswoman with Florida's attorney general's office.

The attorney general has received 1,800 complaints about mortgage and foreclosure fraud in recent years, and is investigating four companies, Copes said.

In a typical rescue scheme, an investor offers to pay up the delinquent amount on someone's loan. In return, the homeowner agrees to sign over a deed in a lease buy-back arrangement.

In some cases, foreclosure rescuers have been known to take out large second mortgages or home equity loans on the property, making it impossible for the homeowner to repurchase.

Before entering into a lease buy-back agreement, investors would have to demonstrate that the homeowner has a reasonable ability to repurchase the property.

In addition, foreclosure consultants, who often take money in exchange for help dealing with lenders, would be banned from accepting payment before promised services are performed.

Copes said the bill also enhances civil remedies for homeowners under the state's Unfair and Deceptive Trade Practices Act.



Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.

New legislation for condominium associations

May 2nd, 2008,

Florida Legislature just approved legislation to rule condo and homeowners association boards.
Governor Crist is likely to sign on the new law.
This is the result of years of discussions, back and forth attempts to rein in the famous condo commandos and put a limit to the nasty disputes between residents and their own elected boards.
Some of the new rules are:
- Directors accused of misuse of association money must be suspended from their boards.
- Only licensed management companies can be retained by condo associations.
- Co-owners of a same unit cannot both serve on the board.
- Directors of homeowners associations must read their association rules within 30 days of sitting on the board.
- Some other specific subjects were addressed, as the flags sizes and specifications allowed for residents in communities, or the Jewish mezuzahs that are now allowed by law to be affixed to the door frame.

The new legislature does not pretend to cover all possible issues. But at least it is a good intent to limit the power of overzealous boards, improve practices and protect homeowners against directors' dishonesty and embezzlement.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.


Thursday, May 01, 2008

Disappointment with the Commission for Taxation Reform work

The Taxation and Budget Reform Commission (TBRC) was established by constitutional amendment in 1988 and met for the first time in 1990. Changes adopted by voters in 1998 called for the TBRC to begin deliberations in 2007 and established future meetings to occur every 20 years thereafter.

The Commission examines the state budgetary process, revenue needs and expenditure processes of the state. Its members analyze Florida tax structure as well as governmental productivity and efficiency. They review policy as it relates to the ability of state and local governments to tax and adequately fund governmental operations.

On appointing 11 members of the commission in February 2007, Governor Charles Christ said: This commission is an important element of my goal to increase transparency and accountability in government, ' I am eager to review the findings which will undoubtedly provide a deeper understanding of our budget constraints and unveil opportunities to lower taxes for the people of our state.'

The commission consists of 29 members, 11 appointed by the Governor, seven appointed by the President of the Senate, seven appointed by the Speaker of the House and four non-voting ex officio members, all of whom are members of the Legislature. Members will begin meeting in early 2007 and must submit any proposed constitutional amendments by May 4, 2008.

Well, we finally know the result of their hard work. Thanks to them, voters will have to deal with seven ballot questions in November elections. Will this bring a solution to the tax and budget mayhem that is presently ruling our state's economy?

I doubt it.

Dominated by a majority unwilling to carry forward any significant reform, the commission drafted some new tax breaks to favor owners of marinas and conservation lands, as well as some tax incentives for energy efficiency and windstorm protection expenses.

But their most important decision was to propose a reduction of property taxes by about 25%. It would apply not only to homeowners but also to businesses, second homes and commercial buildings. It would also establish a 5 percent cap on yearly assessment increase for non-homestead properties – businesses, investment, and second homes. In January 2008, voters have already approved a 10% percent cap.

This reduction is accomplished by basically eliminating the schools part of property tax revenue. This is the good part. The bad part is that the lost revenue will have to be replaced by new taxes and/or increases of existing taxes to be decided by our state legislators. Most possibly, an additional 1% on sales tax, and new sales taxes on now exempt services. We are talking about a 9.5 billion dollars gap. The legislature must find a way to replace the schools revenue and cover the gap.

Our school system, perhaps the poorest and least efficient in the whole US is once again the weak link in the chain. It will be the legislators' task to compensate the schools' lost revenue with an increase in the sales tax, new sales taxes on services, or cutting on the government budget additionally to the cuts already made this year.

Of course, these 'budget cuts' invariably lead to reduction in social and educational programs.

Frankly, that is not that we expected from a commission that is supposed to bring together some of the best brains in Florida. Instead of spending their time on more creative solutions to rein in the local government excessive spending and implement a sensible and intelligent property tax reform, the commission spent much of their time deciding on matters that have nothing to do with tax reform.

They revived the school vouchers for students at failing public schools and approved a proposal to allow state and local governments to contribute public funds to churches and religious organizations. Does this have anything to do with budget reform and taxation?

By the way, both proposals have already been overturned in the past by the Florida Supreme Court, after being approved by the legislature.

Florida voters will have to untangle all these failing proposals on the November ballot. They will not bring relief to our suffering middle and lower classes.

The property tax reduction might encourage investment and second home purchases. However, it will be at the expense of Florida residents, and it has all the looks and sounds of another hot air balloon to convince us all Florida residents that our government has solved the crisis, lowered taxes, solved all our problems, while it looks more and more like the famous home insurance reduction promised by our governments, which ended up actually increasing many homeowners bills.

Changing money from one pocket to another have never solved financial problems. In this case, swapping property taxes to sales taxes will only load an additional burden on people who don't even own a home. The elusive American dream will just be a bit harder to achieve in Florida.

I had hoped at some point that, after the failure of our legislators to implement a solid and sensible reform, the Taxation and Budget Reform Commission was our last hope to get a reasonable proposal presented to voters in November 2008. It ended up in politics as usual.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.


Tuesday, April 29, 2008

Porto Bellagio Condos in Sunny Isles Beach - Listings Review

Porto Bellagio

On North Bay Road, a few steps from the beach, a coveted location in Sunny Isles, Porto Bellagio is a good option. Prices have dropped from the highs of 2005 and you can find here some very reasonably priced condominiums.

The Porto Bellagio complex offers 500 luxury residences with eight floorplans ranging in size from 573 to 1,353 sq. ft., with 1, 2 and 3 bedroom layouts.


A beautifully landscaped pool deck, a club room conference room and fitness center are some of the amenities offered.



Porto Bellagio Amenities:

Mediterranean courtyard with fountain
Fabulous sunsets across the bay
Pool & spa deck
Professional Business Center
Executive Conference Room
Convenience to Aventura & Bal Harbor shopping
Billiard/Media/Recreation Room


Full Circuit Fitness Salon
Stroll along the Intracoastal walkway
Convenient elevators
Gated entry
Exterior storage
Covered parking deck
24 hours gated access and security









The City of Sunny Isles Beach has gone through drastic changes in less than a decade. From a long strip of motels, built in the 50's, it is now home to some of the most luxurious high rise condos in the Miami area.
Almost overnight, million dollar oceanfront apartments, fashionable shops, cafes and restaurant have made Sunny Isles one of the most fashionable and coveted locations in South Florida.

Large condominiums, built in the 70's, such as Winston Towers, coexist with the new giant structures: Ocean I, Ocean II, Ocean III, Ocean IV, Acqualina, Trump Grande, the Trump Towers, Turnberry Ocean Colony, are just a few in the growing skyline.

During the last few years property values have greatly increased in Sunny Isles.
Sunny Isles Beach population is estimated at more than 15,000 people.

A plethora of ethnic stores - a result of the perpetual melting pot phenomenon - line the shopping centers along Collins Avenue. The blend of wealthy tourists, South American, European visitors and immigrants, and the traditional snowbirds configure an incredibly diversified population.

Throughout its recent transformation, Sunny Isles has maintained much of its original charm. The famous Rascal House is gone but the fishermen are still at the Newport Pier, and the beachwear stores, the nonchalant walk of beach attired youngsters along Collins Avenue, remind the residents that the spirit is the same.



Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.


Sunday, April 27, 2008

Pets victims of Florida Real Estate Foreclosures

An article from Sun Sentinel caught my attention today:

By Diane C. Lade - South Florida Sun-Sentinel

April 27, 2008

A real estate agent, checking on a Boca Raton home in Foreclosure, discovered them in the backyard: two 7-year-old mixed-breed spaniels, deliberately left behind by the former owners. The family left a note, including the name of their pets' veterinarian.

"Our owners lost their home and had to move. They could not take us with them."

That's the sign hanging on Sami and Danni's kennel at the Tri-County Humane Society in Boca Raton. The staff hopes someone soon will adopt both dogs, sisters together since birth.

Pets are emerging as the hidden victims of the housing crisis in South Florida, which has one of the highest Foreclosure rates in the nation. Animal welfare organizations are bracing for a flood of requests and abandonments as the housing downturn continues to drag on. They are particularly concerned about older animals, whose more expensive veterinary care may be too much of a burden in a slow economy.

"When times are hard for people, they frequently are hard for pets as well," said Nancy Peterson, issues specialist with the Humane Society of the United States.

The Tri-County shelter is at capacity, with 350 animals. But five or six calls a day continue to come from people who are moving but can't take their dogs, and 40 more from pet owners wanting to surrender their cats.

The Peggy Adams Animal Rescue League in West Palm Beach, which takes in animals referred by Tri-County, has added a category to a database that tracks why people surrender their pets: Foreclosure.

Last month, four pet owners said Foreclosure was the reason they were giving up their animals; another 56 cited "moving" and 11 more said they were "unable to find housing" that allows pets.

"Some people treat their animals like they are an old TV set or a couch. They're moving on and they can't wait to get rid of them," said Executive Director Joan Carlson Radabaugh.

But for others, "it is really heartbreaking," Radabaugh added. "They have lived with their animals for years and they love them."

In some cases, homeowners facing Foreclosure panic when they can't find a rental property that allows pets. Others must move in with family members who don't have room for Fido or Fluffy.

"We are hoping, in the future, to identify people who are in crisis and find [their pets] foster homes on a short-term basis," Radabaugh said. "And we need to show landlords that there are ways they can permit pets responsibly."

Instead of leaving their pets, animal welfare advocates and veterinarians urge owners to try to find temporary homes for them with family or friends. If all else fails, surrendering them to a rescue group or county shelter gives the animals a chance of finding a new home. The worst option: abandonment.

Officials with South Florida animal welfare groups and county shelters say it is hard to determine the effects of Foreclosures, as owners don't have to give a reason when they bring in their pets. They suspect many who are losing their homes simply say they are moving.
But Broward County Animal Care and Regulation, like the league, is adding "Foreclosures" to its surrender database to help them determine the scope of the issue.

The number of animal abandonment calls to the county related to evictions rose last year to 267 calls, compared with 198 in 2006. The shelter also gets stray animals that may be Foreclosure victims, said Acting Director Beth Chavez.

Palm Beach County Animal Care and Control also saw an increase in the number of surrenders toward the end of last year, as the housing market worsened. There were 1,599 dogs and cats brought to the shelter by their owners from Oct. 1 through Dec. 31, 2007, compared with 1,406 animals during the same period the year before. But officials said they did not know how many animals were brought in because of Foreclosure.

The first reports of a Foreclosure pet crisis to reach the Humane Society of the United States came late last year out of California, which has the nation's highest Foreclosure rates. South Florida is close behind. According to the Realestat.com research firm, 1,700 Palm Beach County homeowners and 2,200 in Broward were at least 90 days behind on their mortgage payments in February and close to Foreclosure. That was double the number in February 2007.

The American Veterinary Medical Association became alarmed at reports of animals being found in vacant houses, near starvation or dead. In some cases, Foreclosure proceedings were delayed and the pets had been locked inside for days. The association, the nation's leading authority on companion animal health, issued a statement this month, asking homeowners not to leave their pets or drop them on their veterinarians' doorsteps.

"It really disturbed us that people are doing this. These people are abandoning their animals under extraordinary circumstances," said Dr. Kimberly May, the association's assistant director of professional and public affairs.

The Humane Society of the United States has announced a new "Foreclosure fund," seeded with $15,000. Local shelters can apply for grants of $500 to $2,000 toward programs helping financially strapped families keep their pets.

"Moving always has been a major reason why people surrender their pets," Peterson said.



Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.


Friday, April 25, 2008

Florida changes Tenant-Landlord Law

April 25, 2008

The Florida House could possibly approve today a change to the landlord-tenant law.

It would allow the landlord to charge a penalty of up to two months of rent as a "termination fee".

The present laws allow landlords to charge up to the "actual damages" if a tenant breaks his lease. The landlord can sue to collect the rent until he finds a new tenant.

Some legislators consider the new bill as "consumer-friendly" because it will give to tenant a guaranteed maximum penalty. Renters would have the option to accept or reject the two-month maximum penalty at the time of signing their contract.

The bill is likely to be approved in both chambers. Governor Crist has vetoed a similar proposal last year, but would possibly reconsider the veto since "a new language offers more protection to the renter", since the renter could choose whether or not to accept the early-termination fee at the time of the contract execution.

Some renters could benefit from the two-month penalty. If they are in a low-occupancy rental community, the landlord could continue to charge rent for a long time until he finds a new tenant.

In essence, when signing the lease, the tenant would have to decide in which direction he wants to go.



Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.




New development on the property tax front.

It's on. On November 2008, we will vote on a ballot proposal to cut property taxes by about 25 percent. 60% of voters should have to vote yes to pass the amendment.

It would apply not only to homeowners but also to businesses, second homes and commercial buildings. The lost revenue should have to be replaced by new taxes and existing taxes raises to be decided by our state legislators. We are talking about 9.5 billion dollars.

It would also establish a 5 percent cap on yearly assessment increase for non-homestead properties – businesses, investment, and second homes. In January 2008, voters have already approved a 10% percent cap.

The Taxation and Budget Reform Commission voted 18-7 to confirm the plan which was approved last month, mandating a cut of school property taxes in about $ 9.5 billion by the year 2010.

The main opposition to the plan has come from business lobbying groups, like the Florida Retail Federation, who threatened with a lawsuit to block it, and some legislators who argued it would lead to a huge tax increase. In effect, the amendments actually mandate a tax increase. The president of Associated Industries of Florida which represents most Florida large companies, affirmed that there was a "99 percent certain there will be a legal challenge" to try to block it from the ballot, and that it was "the biggest scam since the Florida lottery, being sold as a decrease of taxes when, who knows what it'll be?"

The tax swap of the education spending recourses that must be replaced by the new sales tax raises will go up to $ 11 billion, since it includes a provision to increase by 7.5 percent the K-12 spending for the next two years. Other critics of the plan affirm that this is another case of irresponsible improvisation or "creativeness" that, under the cover of helping property owners, will ultimately overburden those who can't even afford to buy a home.

Under the proposed amendment, Florida legislators will have to replace the schools revenue with some combination of raising the sales tax by one percent, doing away with sales-tax exemptions given to many industries, cutting spending, or levying new taxes.

Add to this proposal, another one that the legislature is considering, about capping property taxes to 1.35% of assessed value, supported by Marco Rubio, the Republican House Speaker.

Enough to get you dizzy? Of course. As long as you ignore the main issue. Cutting taxes, raising taxes, swapping taxes, cutting services, raising services costs, there are so many different ways to ignore a fundamental principle which is right in your eye: "You can't spend more than what you can afford". Our cities, our counties, our local governments are us. If we cannot limit their spending, we will have to pay for it.

They are spending too much, compared to what their more conservative policies had been in the past. All the new construction that has been approved by all our cities under the motto: "increase the tax base", has brought a large additional revenue that should have been more than sufficient to offset any additional services that they could be giving us.

A reasonable increase of our taxes in the same proportion as inflation during the last decade would have added enough recourses to these revenues.

If we are living in an unrealistic world of dozen of unnecessary cities, administrations, public servants, government pensions, bureaucracy, and what more, the only remedy is to reconsider this whole equation and adjust it.

Our middle class is suffering. Our economy, nourished in part by snowbirds and tourists is suffering. Real estate is at its lowest point in decades.

One of the main factors is high property tax, as are the high costs of property insurance in Florida.

It is time to address these issues honestly and with a vision to the future; Playing with tax-swapping, tax capping, tax cutting, tax increasing, is a dangerous game and a cul-de-sac avenue. Addressing the problems with a more efficient, honest and conservative handling of our public spending is the one and only alternative.

As would be my alternative if I had to balance my personal home budget with a fixed salary. I would have the choice of going deep in debt, or maybe try to rob my neighbors and go to jail, or reduce my standard of living, or live in a smaller home, eat less or starve a bit, or find a second job at night, or cut on my leisure expenses, or whatever you can imagine. But would I be able to play with my budget the way our elected representatives are doing?

Of course not; Because, as you guessed, I would end up bankrupt, insolvent, broke, bust, you name it.

April 25, 2008


Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.




Tuesday, April 15, 2008

No caps on government spending, they voted. April 15, 2008


On April 14, 2008 the Florida Tax Commission voted against a proposal to establish caps on government spending, or impose a "super-majority" vote when levying new taxes.

The presence of angry home and business owners, worried about their soaring property taxes, failed to curb the resistance. Their insistence, during hours of discussion and testimonies, to rein in the free spending of counties and cities, or to require a majority of two thirds vote for tax raises, had no effect and the resolution will not make it into the next November ballot. Both propositions were defeated in the Tax and Budget Reform Commission by a 14-9 vote.

There is another citizen-led "cut-property-taxes-now", which is trying to put on the 2010 a constitutional amendment which would cap property taxes at 1,35% per year on any property's assessment. The Legislature is also considering placing a similar proposal on November 2008 ballot.

In a bit cryptic statement by Jim Scott, a former state Senate president and Broward County commissioner, the proposals that failed to rally enough support on the commission Monday were a "one-size-fits-all solution unworkable in South Florida". He added:

"To say this commission is going to determine what people spend ... they didn't give consideration to areas like Broward and Palm Beach counties, which have to deal with a large number of immigrants". Scott, is the vice chairman of the commission.

Another puzzling affirmation by former state Senator Les Miller from Tampa:

"No one here knows what is in this," former state Sen. Les Miller of Tampa said. "I was taught, when in doubt, vote no."

Opponents and supporters of the tax ceiling were allowed by the commission to testify Monday. Against the proposal were the AARP and the Florida School Boards Association. Supporters: the Florida Association of Realtors and Dory Kilburn, a resident of Crown Colony in Ocean Ridge, who represented the Boynton Intracoastal Group, a coalition of condos, home to many retirees.

Kilburn, a Canadian snowbird said: "You know how they say snowbirds are wealthy? Well, most of them live in small one-bedroom condos or mobile homes. They came to Florida decades ago, when it was affordable. Well, it's not affordable anymore."

Some of the opposing votes on the commission were based in the fact that the commission has already agreed to put a proposal on November's ballot. If approved, it would eliminate the property tax that now funds public schools and mandate the Legislature to come up with replacement funds while capping increases in the assessment of all non-homesteaded properties at 5 percent a year.

That proposal, which must be approved by 60 percent of Floridians voting to become law, calls for the Legislature to adopt up to 1% increase in the state sales tax along as well as other measures, such as spending cutbacks and the elimination of some service sales tax exemptions. Some commissioners considered that the revenue-cap measure debated Monday would require the Legislature to meet the two-thirds vote threshold to offset the loss of school property taxes, and that could be a difficult task which could jeopardize schools budgets.

If the school property tax is eliminated, the state will lose more than $9 billion in public school funds. The 1% increase in the sales tax will raise about $3.9 billion, and the Legislature would be challenged to find a way to raise the $5.1 billion balance.

Legislators asked the commission to suggest them how to get these $5.1 billion, and the Senate Finance and Tax Committee has scheduled a public hearing on the issue Friday.

With all due respect: as we suspected they would, the powerful tax commission has addressed the problem by trying to swap property taxes with sales taxes. But the real subject which is: "why should local governments be allowed to adjust taxes to their fit their budget?", instead of adjusting their budgets to fit reasonable taxes" has once again been ignored.


Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.



Saturday, April 12, 2008

Florida Condos for Sale, Immobilier Floride, Condo Floride, Aventura Condos for sale

Florida Condos for Sale, Immobilier Floride, Condo Floride, Aventura Condos for sale

I recently read this article in the Sun Sentinel, reproduced from the Associated Press - Apparently, what started as an effort to relieve distressed homeowners, will end up being another tax break for big business.

Sadly, what initiated the whole thing, which is alleviate homeowners plagued by high-interest mortgages, was quickly forgotten or dismissed in the process.


HOMEOWNERS SHUT OUT

Measure offers no foreclosure aid

By ANDREW TAYLOR | The Associated Press

April 11, 2008

WASHINGTON - The Foreclosure Prevention Act passed by the Senate on Thursday doesn't deserve the title. Just ask its author.

The measure is a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis, but it has nothing to offer people who can't afford their mortgages or owe more on their homes than they're worth.

"Quite candidly, what we've done does not quite live up to the title," said Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee and the measure's top sponsor. "We have more work to do. We do not do enough in preventing more Foreclosures in the country."

The bill passed by an impressive 84-12 vote, but even supporters such as Dodd acknowledge it's tilted too much in favor of businesses such as home builders.

The plan combines large tax breaks for homebuilders and a $7,000 tax credit for people who buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes.

The measure will be significantly redrawn by House critics who say it favors business over borrowers.

Democrats failed to win approval of ideas such as giving people threatened with losing their homes the right to seek more favorable loan terms from their lenders in bankruptcy courts. At the same time, a proposal to have the government back up refinanced loans for people facing Foreclosure has yet to win GOP support.

The White House opposes the plan but has not issued an explicit veto threat. It says parts of the legislation would make the problem worse by depressing some home values, and that the measure inappropriately uses taxpayer money to bail out lenders saddled with foreclosed houses.

The House is likely to reject key portions of the Senate measure, including $25 billion over three years in tax breaks for money-losing businesses such as home builders. A plan adopted Wednesday by a key House panel dropped that idea as well as the tax credit for purchasers of foreclosed homes.

Rep. Barney Frank, D-Mass., the Financial Services Committee Chairman, said the tax credit was "like paying a dog to eat a bone," and called the business tax break "a mistake."

Senate Majority Leader Harry Reid, D-Nev., acknowledged that changes will be needed in upcoming talks with the House and the White House.

"This is just the beginning of the process," Reid said. "This bill will go to the House. With the House and the White House we can come up with a piece of legislation fairly quickly."


Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.


Sunday, April 06, 2008

HERON POND
Pembroke Pines Condo Conversion

Heron Pond offers 1, 2 and 3 bedroom units that combine top of the line features with an appealing decor. Kitchens are equipped with dishwashers, garbage disposals, energy efficient refrigerator, washer and dryer.

Linen closets and additional storage space are provided. Private balconies, patios or sunrooms and large bay or floor to ceiling windows are available.

The Amenities are outstanding:

Clubhouse,

Two lakefront resort style swimming pools

Exclusive sundecks and spas

Fitness center, aerobics, sauna and steam rooms

Picnic areas with barbeque grills

Playground

Lush landscaping and fountains.

Location:

Convenient access to Florida Turnpike and I-75.

Close to Pembroke Mall, Broward Mall.

Close to Pembroke Lakes Golf & Racquet Club, Buehler Planetarium, ProPlayer Stadium.

Numerous grade A schools.

Easy access to higher education at Nova Southeastern University and Broward Community College .

All units will be delivered fully upgraded with new kitchens, bathrooms, appliances, floorings. Please ask about the details.

The property is FHA approved and the developers will contribute to down payment assistance, closing costs, and will pay the first 6 months of the HOA fees (maintenance fees). That would allow a potential buyer to purchase with very little money down.

Pricing:

1/1 from $ 139,900 2/2 from $ 189,900

Saturday, April 05, 2008

How many times do I hear the same questions? How long it's going to take? What is my forecast on Florida real estate?

I deal every day with different types of buyers: the investor, the vacation home buyer, the first-time home buyer, the luxury home buyer, the curious, you name it.

They will all have different approaches. For example:

Ideally, the investor would like to rent and cover totally or a significant part of his monthly mortgage costs, his insurance, maintenance or condo fees, and his taxes.

The vacation home buyer wants to keep his monthly payments under control, because by definition he is looking to have fun with his purchase, and not to create himself a new source of headaches. He adds the mortgage payments, the condo fees (because they are usually interested by condos), and the property taxes. And he will compare that to renting a good hotel room or suite for a couple of weeks or even a month.

The "empty nesters", which are in retirement age, and trying to downgrade to a smaller place, once their kids are gone, are a special case. They have been helped by the "portability" feature now added to their 'save our homes' protection. Typically they will pay less property tax if they move. However, many of them have lived in homes where they can somehow control their maintenance expenses. Moving to a condominium building means monthly charges as a lump sum, plus eventual "assessments" charges for repairs or upgrades to their condo building. These "condo fees" have sustained a relentless inflation during the last decade.

The first- time home buyer makes his calculations and unless he and/or his wife hold really great jobs, they could quickly find out that, after paying the mortgage, the insurance or condo fees, the property taxes, a purchase is simply out of the question. Renting is a much better deal.

Let's play with some figures.

You graduated five years ago from a good college; you hold a decent job. You are married, with a child, and your spouse is employed and brings some money to the table. Between both, you are making around $ 5,500 a month and that means that, after tax, you net about $4,600.

You have grown in a middle class family and are used to a certain level of comfort. But you have made your mind and your first home is just going to be a crowded two-bedroom condo. What's available in a decent neighborhood, (and I am not talking great luxury or new buildings on the beach) will cost you around $ 280,000. You were lucky enough to land a mortgage loan with only 3% down, and your savings allowed you to pay all the closing costs, and that's fine.

When you calculate your total home related monthly payments, you reach a figure of $ 2,500 per month. That doesn't include your electricity, phone, cellulars, and other utilities. Let's calculate all these in about $220. You won't have TV cable or internet at home. You can't afford it and after all, TV is not good for the kid, and you have enough internet exposure at work.

On the other hand, even though you have a health insurance plan, subsidized by your employer, you might have to fork out your part of about $250 or $300 a month. From time to time, you must pay a $10 charge to see a doctor, or something called "deductible", and even these expensive medicines for your kid's sore-throat infections; but we won't count that.

You also need two cars, because you both work, and these cars need insurance, tires, and other goodies. You have been reasonable, nothing fancy, but you still have to pay the monthly installments on both. So let's say that this would mean an additional $ 600 or $700 for both cars, all included. - except, of course, the gas. I was about to forget that! And at three dollar +, even for two small cars, it will mean another $150? $200? Ok. Say it's only $ 150. And you will change the oil and do minor mechanics yourself, and run on flat tires, not to overwhelm the budget. By the way, we forgot the college loans that, after all these years, you settled up to pay at about $200 a month.

We're already passing the $ 4,000 mark and we're just starting the month. You haven't eaten any food, you haven't bought any clothes or shoes; you haven't thought about vacations, restaurants, movies, continuing education, children birthday parties, or anything that can bring a little fun to your life, you haven't bought any furniture, gadget, nothing…And you haven't even put aside a penny.

While watching the shaky image of your antenna-powered TV, your spouse is ironing your shirt and the dress that you will wear at work tomorrow , trying to ignore the screams of the dear child who has spent all day in your mom's house –you can't afford private pre-school- and while cooking dinner, you are thinking that it's already the 20th of the month and in 10 days you will get a new batch of bills and invoices in the mail.

Should you have thought twice before buying this condo, instead of renting for around $1000 or 1200? You bet.

Now, how many young couples I know, are making more money than our friend? How many do you know who have a lower income?

The fact is that real estate is not only an investment. It's not a share bought in the stock market. It's not an IRA account, an annuity or a bond. It happens to be an essential part of the day by day life of our population. And, during the so called real estate boom years, there has been a greedy, unreasonable and unbearable raise in home prices which has not at all been matched by salary raises or income increases.

Remember before the last stock market crash in the year 2000, how new technology companies which had never earned a penny, saw their shares selling at incredibly high prices? The madness went on until eventually everything went back to normal and people went back to common sense. (or did they?). Can we compare that to what's happening with real estate? Why not?

Isn't it what we are seeing now? With the difference that so many homeowners who bought at high prices are stuck with high mortgages and can't even sell their little piece of heaven?

And the other half who refinanced and cashed out for a few years to maintain their lifestyle, only to found themselves with a negative equity?

Our local governments, our cities and counties have aggravated the problem by unrestricted spending, and while they affirm that they are seeking ways of easing the property tax burden without affecting anybody (which is of course impossible), home insurance premiums have skyrocketed, and no big relief is in the horizon, no change. Except for home prices. Because hardly anybody can buy them any more. Now you ask me when these prices are going to go up again; when people will start buying homes again, when we will be back to normal. Do you think I can perform magic?

Now let's take the vacation home case. There was a time when Florida was a place you bought a nice condo for sixty or a hundred thousand dollars. You paid some maintenance fees and taxes at a total of around two or three hundred dollars a month and you were all set. Today, you buy a two fifty or three hundred thousand little condo, you're stuck with assessments and condo fees of five hundred a month, then the taxman comes and it's another five thousand dollar bill to pay, and it just doesn't make so much sense. You will just look somewhere else or just forget about the idea.

Last but not least, our investor studied the case of the $200,000 dollar condo he was looking at, and pondered if the thousand dollars a month he would gross in the best case, if all things ran smooth and he had a great tenant, would be a suitable return when he must pay $1800 per month between mortgage, maintenance, taxes and assessments.

Pessimistic? I wouldn't be doing this real estate job if I didn't have some hope. Now if our legislators could mandate some hope in the people who buy, it would definitely help.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.

Tuesday, April 01, 2008

New Condo Conversion in Miami - Affordable Housing.

Oversized one and two bedroom condos from $ 109,000 to $ 190,000


The Ellington

Treat yourself with what a great lifestyle. Open the door to one of the residences and you’ll be astonished by the airy and spacious interiors that characterize The Ellington. With different floor plans to choose from, you can have not only what you need, but exactly what you want.

Oversized units with huge master bedrooms, closets, and sweeping views are just the beginning. The Ellington is also home to a state of the art gym, Olympic style pool, children’s playground, tennis courts, and an enjoyable barbecue area.

In the center of the vibrant city life and between both Broward and Miami-Dade, offers amazing shopping venues, and proximity to major highways and beaches.

Near Dade/Broward County Line

Community Features:

Clubhouse
State-of-the-Art Fitness Center
Olympic Style Pool
Spacious Sundeck
24 hr Secured Gated Community


Storage
Covered Parking Garage
Lighted Tennis Courts
BBQ & Gazebo Area
Business Center
Sauna

Interior Features:

1 & 2 Bedroom Oversized Floorplans
Split Floor Plans
Oversized Closet
Screened Terraces
Large eat-in Kitchen
Water Views
Upgrade Package Available

Ask me about this great new development:

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website: http://www.condo-southflorida.com
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos.