FORT LAUDERDALE, FL – This week, longtime Boca Raton-based development company and one of South Florida’s top builders, SobelCo celebrated the groundbreaking of its 321 at Water’s Edge, a sophisticated collection of waterfront condominium estates on Fort Lauderdale Beach.

Attending the groundbreaking were City of Fort Lauderdale Mayor Jack Seiler, SobelCo Chairman Samuel Sobel, President Jeffrey Sobel, and Vice President of Residential Development Tirso San Jose; Gus Rubio, COO, Douglas Elliman Florida, and Caprice Weber, Executive Vice President and Managing Director of Douglas Elliman Development Marketing, the exclusive sales & marketing firm for 321 at Water’s Edge; and Michael Kaufman, CEO, Kaufman Lynn. Fort Lauderdale city commissioners and local real estate brokers and VIPs also were in attendance. 

These 23 exquisitely finished residences — estate homes in the sky — will offer from 2,600 to over 3,800 square feet of living space and are a significant player in the renaissance of Fort Lauderdale.

Construction on the 11-tale shimmering tower is expected to be completed by early 2019. 321 at Water’s Edge is located at 321 N. Birch Rd, Fort Lauderdale, 33304.

With large balconies and stunning views of the ocean, Fort Lauderdale skyline and Intracoastal Waterway, 321 at Water’s Edge is only two blocks from Fort Lauderdale Beach. The two-and-three bedroom flow-through single family estate homes in the sky, with floor-to-ceiling windows, boast oversized floor plans with open living room layouts and spacious bedrooms. Additional features include en suite or his and hers bathrooms, and large his and hers walk-in closets.

“It is extremely rewarding and exciting to see our vision becoming a reality and to be a part of the renaissance occurring in Fort Lauderdale,” said Sobel. We believe 321 at Water’s Edge is exactly the type of luxury living experience Fort Lauderdale Beach needs right now and we look forward to bringing this project to life.”

Five-star amenities at 321 at Water’s Edge will include a private wine club and lounge with a personal wine locker for each residence. Also, the development is a very pet-friendly community: it features an onsite dog park, exclusively for residents. 

Additional amenities include over 7,000 square feet of chic lobby spaces, fashioned by award-winning design firm Interiors by Steven G., a community sky view terrace, indoor and outdoor poolside lounge, pool/Jacuzzi overlooking the Intracoastal, private poolside cabanas with Intracoastal views, BBQ and picnic area, oceanview fitness center, his and hers saunas, 24-hour valet attendant, catering kitchen and two assigned parking spaces per residence, electric charging stations for electric vehicles, and a private marina with yacht-sized boat slips. 

Powered by WPeMatico

FORT LAUDERDALE, FL – ZOM Living has closed on the buy of a 3.16-acre parcel, and will break ground in the coming months on Las Olas Walk, 456 apartment homes to be housed in two 8-tale buildings connected by air-conditioned walkways. Residents will be steps away from the fashionable Las Olas Boulevard and will delight in convenient access to downtown amenities such as The Riverfront, Broward Center for the Performing Arts and the hip, cultural area emerging at Flagler Village.

Las Olas Walk will boast 14,000 square feet of private resident amenities on the ground floor. Adjacent to the amenity areas and enveloping the canal will be a large courtyard that is anchored by a resident pavilion with outdoor bar and lounge. Extending above the canal will be a deck and floating dock which will give residents the opportunity to experience the water via paddle board or kayak. In addition to the ground floor amenities, an expansive 20,000 square foot rooftop deck will be located on the 8th level of the South Building and provide residents with expansive views of the New River, Downtown Fort Lauderdale and the beaches. 

“As national trends indicate a rebirth in urban living, downtown Fort Lauderdale is poised to experience a significant increase in residential population,” said Kyle Clayton, ZOM’s development executive for Florida. “ZOM is excited to be part of this resurgence and continue to feed into the live- work- play vision.”

The Las Olas Walk site achieved a WalkScore of 95 and is within blocks of Brightline’s new Fort Lauderdale station which will foster commuter transportation as well as business and tourist travel between Miami and Orlando. The Wave Streetcar stop is a 5-minute walk, providing convenient transportation within the downtown area.

Las Olas Walk first units will be delivered early 2020, with pre-leasing starting late 2019. ZRS Management, LLC has been retained to provide leasing and property management services. Construction financing was provided by PNC Bank and Santander Bank. KAST Construction is the general contractor, RTKL is the architectural firm for the project and the award winning firm of Stantec will provide interior design.

Powered by WPeMatico

ORLANDO, FL – Florida’s housing market reported more closed sales and higher median prices in December, according to the latest housing data released by Florida Realtors. Sales of single-family homes statewide totaled 22,903 last month, up 2.6 percent compared to December 2016.

“Florida’s housing market continued to experience tight inventory of for-sale homes in December, and that’s certainly impacting the market,” said 2018 Florida Realtors President Christine Hansen, broker-owner with Century 21 Hansen Realty in Fort Lauderdale. “Last month, statewide median sales prices for both single-family homes and townhouse-condo properties rose year-over-year for 72 months in row. For sellers, that’s excellent news; but, rising prices and tight inventory are putting pressure on first-time homebuyers and those who may be looking for their next ‘go-up’ home.

“Any consumer looking to buy or sell a home in Florida should consult a local Realtor, who can who can help them know local market conditions and be prepared to act when the time is right.”

In fact, sellers continued to get more of their original asking price at the closing table. Sellers of existing single-family homes in December received 96.3 percent (median percentage) of their original listing price, while those selling townhouse-condo properties received 95.1 percent (median percentage).

The statewide median sales price for single-family existing homes last month was $244,185, up 8 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. The statewide median price for condo-townhouse properties in December was $180,000, up 7.8 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less. 

According to the National Association of Realtors® (NAR), the national median sales price for existing single-family homes in November 2017 was $248,800, up 5.4 percent from the previous year; the national median existing condo price was $242,500. In California, the statewide median sales price for single-family existing homes in November was $546,820; in Massachusetts, it was $384,000; in Maryland, it was $280,570; and in New York, it was $254,000.

Looking at Florida’s condo-townhouse market, statewide closed sales totaled 9,193 last month, up 6 percent compared to December 2016. Closed sales data reflected fewer small sales and foreclosures last month: Small sales for condo-townhouse properties declined 30.8 percent and foreclosures fell 40.7 percent year-to-year; small sales for single-family homes dropped 30.5 percent and foreclosures fell 44.8 percent year-to-year. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

“The latest housing data shows that market activity in the final month of 2017 was remarkably normal. On a statewide basis, most of December’s housing metrics experienced similar year-over-year changes to those we saw the prior month,” said Florida Realtors® Chief Economist Dr. Brad O’Connor. “The only major exception to this is that Floridahomes selling in December largely spent less time on the market compared to those which sold in December of 2016, most likely due to Hurricane Irma effectively shortening the calendar year.

“The median time to contract for single-family homes selling in December 2017 was 41 days, a nearly 9 percent decline from the median time of 45 days in December 2016. Similarly, the median time to contract for condos and townhouses dropped by about 10 percent from 52 days to 47 days.”

December’s for-sale inventory remained tight with a 3.6-months’ supply for single-family homes and a 5.6-months’ supply for condo-townhouse properties, according to Florida Realtors.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.95 percent in December 2017, down from the 4.20 percent averaged during the same month a year earlier.

To see the full statewide housing activity reports, go to Florida Realtors Media Center.

Powered by WPeMatico