South Florida Real Estate

Waterfront and Luxury Real Estate and Lifestyle Blog

Vickie Arcuri, P.A., GRI, CLHMS, Realtor®

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South Florida Condo Inventory and Sales

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Buyers who contact me about their interest in Ft. Lauderdale area Condos often inquire about the high inventory of new Condos in South Florida that they heard about.  Well, Inventory varies drastically in different Cities and, in the words of D.J. Sander Kleinenberg, “This is not Miami.”   Ft. Lauderdale has only 3 Condos with new Inventory… Read More

Bermuda-Riviera Market Report

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 Bermuda-Riviera in Ft. Lauderdale, FL Currently, there are 18 active listings of Bermuda Riviera Homes for Sale.  Their price range is $659,000 – $4,250,000.  None of the active listings are Short Sales or Foreclosures.   There’s one Pending Sale, a Short Sale listed for $750,000. Within the last 3 months, 5 Homes were purchased.  Their purchase… Read More

It’s Raining Cash! Cash Buyers of South Florida Real Estate

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South Florida is currently experiencing a significant number of Cash Buyers in the Real Estate Market Most of my recent sales have been Cash transactions and the majority of Buyers who contact me regarding their Home search state that their purchases will be Cash. Additionally, the Brokerage where I’m employed, EWM Realtors, reported that over… Read More

Top 5 Highest Condo Sales in Broward County

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Top 5 most Expensive Condo and Townhouse Sales in Broward County within the last 6 months Within the last 6 months, the 5 most expensive Condo sales in Broward County were Units purchased in Trump Hollywood Condo in Hollywood, FL, L’Hermitage Condo in Ft. Lauderdale, Las Olas River House Condo in Ft. Lauderdale, Alhambra Place Condo in Ft…. Read More

The Plaza at Oceanside Pompano Beach Condo Market Update

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Oceanside Pompano Beach Condo Sales In my December, 2009 post, I discussed The Plaza at Oceanside Pompano Beach Condo’s purchase in a Bulk deal and price reductions that represent more than a 65% discount off of the highest purchase price previously.  The current price range of Units listed for sale is $400,000’s – $1,200,000. Per Broward County Property… Read More

Las Olas River House Condo Market Report

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Las Olas River House Market Report* Within the last 6 months, 12 Las Olas River House Condos have been purchased.  Their purchase price range was $330,000 for a 2-Bedroom Unit with 1,160 square feet – $3,000,000 for a 4-Bedroom Penthouse with 8,238 square feet.  Of the Condos purchased, none were Short Sales or Bank owned… Read More

Coconut Grove Residences Units Available

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Per my March 2nd post, 9 Units at Coconut Grove had been sold and under pending Contract for purchase. As of today, an update was provided which indicates that 10 Units have now been sold and are under pending Contract for purchase.   These 10 Contracts occurred within the last 5 days and that doesn’t surprise me… Read More

Just Sold: Unit #1402 in Sonata Beach Club Condo

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Located in Pompano Beach, FL, Sonata Beach Club is a beautiful Oceanfront Condo that includes only 64 Residences. Last Thursday, February 25, 2010, I sold Unit #1402 for a purchase price of $750,000 to Buyers from Michigan who purchased it as a vacation Home, a really great deal at a significantly reduced price offered by the Developer.  … Read More

Coconut Grove Residences Auction Cancellation

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Thursday night, 2/25/10:  Just received an e-mail from Accelerated Marketing Partners announcing that the Auction scheduled to be held Sunday, 2/28/10,  for the 21 Coconut Grove Condos has been cancelled.  I included  excerpts from their e-mail below: “Over 1500 site tours have taken place in the past four weeks….the overwhelming majority of our registered bidders… Read More