Las Olas Homes Purchased Recently
Within May and June of 2011, 18 Homes were purchased in the Las Olas Communities of Las Olas Isles, 7 Isles, Riviera Isles, Idlewyld, and Colee Hammock. The purchase price range of the properties was $725,000 – $3,250,000. Of the 18 properties that were purchased, only 3 were purchased for prices under=$1,000,000. The properties that were purchased are as follows:
|
Address |
Purchase Price |
Purchase Date |
| 1701 Brickell Dr. | $3,250,000 | May 31, 2011 |
| 700 Coral Way | $3,162,000 | June 23, 2011 |
| 415 Isle of Capri | $3,050,000 | May 24, 2011 |
| 7 Pelican Dr. | $2,600,000 | June 6, 2011 |
| 2519 Sea Island Dr. | $1,900,000 | June 20, 2011 |
| 1 Navarro Isle/Gordon Rd. | $1,625,000 | May 6, 2011 |
| 408 SE 17th Av. | $1,550,000 | June 13, 2011 |
| 514 Solar Isle Dr. | $1,460,000 | May 11, 2011 |
| 516 Royal Plaza Dr. | $1,450,000 | May 12, 2011 |
| 624 Royal Plaza Dr. | $1,405,000 | May 25, 2011 |
| 330 Royal Plaza Dr. | $1,375,000 | June 16, 2011 |
| 631 Poinciana Dr. | $1,275,000 | June 17, 2011 |
| 519 Solar Isle Dr. | $1,015,000 | May 20, 2011 |
| 316 SE 17th Av. | $1,014,900 | June 30, 2011 |
| 2315 Desota Dr. | $900,000 | June 24, 2011 |
| 2612 Aurelia Place | $745,000 | June 21, 2011 |
| 2601 Clematis Place | $725,000 | June 13, 2011 |
Details about the Home that was purchased for $3,250,000 (pictured below):
- Located at 1701 Brickell Drive in the Colee Hammock Community
- 4 Bedrooms and 4 Baths
- 3,849 Square Feet of Living Area and 4,412 total Square Feet
- 150′ of Waterfront on an Ocean access Canal, located 1 Lot away from the New River
- Pool
- 2-Car Garage
- Built in 1991 and in original condition
- Was listed for Sale in March of 2011 and this was its’ first time on the Market for sale since the previous Owners purchased it. It was purchased on May 31, 2011, so it sold very quickly
Short Sales and Foreclosures
None of the properties were purchased as Short Sales and 3 were purchased as Bank Owned Foreclosures. The Foreclosures that were purchased are as follows:
- 519 Solar Isle Drive: purchased for $1,015,000 and listed for $964,900. Number of days on the Market = 13
- 1 Navarro Isle/S. Gordon Rd.: purchased for $1,625,000 and listed for $1,699,000. Number of days on the Market = 41
- 624 Royal Plaza Drive: purchased for $1,405,000 and listed for $1,469,500. Number of days on the Market = 28
As usual with Bank Owned Foreclosures, the properties were purchased for prices that were close to or above their list prices and sold very quickly (30 days is the average number of days on the Market for Bank Owned Foreclosures locally).
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