Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2016

For December, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Increased by 7 homes from November)

18 Residential sales are pending and awaiting close or lender approval (Decreased by 13 homes from last month).

19 Homes Sold in November (Up by 5 homes from November)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity. The issue is once again becoming the inventory with very few numbers of available homes for sale on the market.

The one month absorption rate for the 34994 zip code for December declined to 2.7 months from 3.2 months for November. Continuing as a very strong sellers’ market for the 34994 zip code area of Stuart, FL. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The December 2015 numbers were 59 Active Listings, 19 pending sales and 12 closed sales. Stronger activity for this December with lower inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Vista Pines First Floor Condo Sold

01.14.17 by Gabe Sanders

Vista Pines First Floor Condo Sold

Listed for $65,000 and sold after only 5 days on the market for $64,000 by Gabe Sanders of Real Estate of Florida.

Fabulous first floor 1 bedroom and 1 and a half bathroom condo in Vista Pines that has been completely updated with a newer kitchen, AC and hot water heater. Newer ceramic tile floor and closet treatments. This condo is now under contract after only 4 days on the market.

Superior location that is within walking distance of restaurants, boutiques, shopping, grocery shopping and, doctors. And only a short drive (or bike ride) to downtown Stuart or the beaches.

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island. Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

Vista Pines condos were first built in 1970 and the last one was completed in 1973. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units. Buildings are situated to maximize privacy and for serene views of green space.

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista Pines and this is an age restricted (55+) community. The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

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Vista Pines First Floor Condo Sold

Sewalls Point Single Family Market Report December 2016

01.13.17 by Gabe Sanders

Sewalls Point Single Family Market Report December 2016

Sewalls Point Real Estate Snapshot, Residential Sales for December 2016

There are currently 62 active listings (Down by 12 homes since last month)

10 home sales are pending and awaiting close or lender approval (Decreased by 1 home from November)

11 Homes sold in December (Increased by 9 homes sales from November)

The single family real estate market in Sewalls Point showed a surprising surge of activity for December 2016 after two pretty week months in the fall. Pending sales remained steady and there was a strong increase in closed sales. The inventory of available homes also declined.

The current absorption rate plunged to 5.6 months, in November it was 37 months. Into a slight sellers market for Sewalls Point. It’s been quite a while for Sewalls Point to enjoy such robust activity. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to December of 2015, the inventory was 51 homes on the market, 13 pending sales and there were 3 closed sales. Showing much better activity this year as opposed to 2015.

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Portofino Condos at Jensen Beach January 2017 Market Update

01.13.17 by Gabe Sanders

Portofino Condos at Jensen Beach January 2017 Market Update

As of January 2017 there is only 1 condo available for sale in Portofino. It is listed for sale at a price of $92,500 and or $115.34 per sq. ft. of living area.

There are 2 condos under contract at this time. List prices were $125,000 and $147,000 for an average list price of $136,000 which is $118.94. These two condos averaged 49 days on the market before going under contract.

In the past 12 months, 6 Portofino condos have sold, ranging in sales price from $77,500 to $131,500 for an average sales price of $110,583 which equals a price per sq. ft. of $109.58. The average days on market was 39 and the average list to sales price ratio was 94%.

About the Portofino Condos at Jensen Beach:

Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005. Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach January 2017 Market Update features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

Portofino Condos at Jensen Beach

The Condo Owners Association fees range from $190 to $315 per month depending on unit size and for garage owners, there’s an additional $20 per month charge. Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach. Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school. Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

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Portofino Condos at Jensen Beach January 2017 Market Update

Tradewinds on Hutchinson Island January 2017 Market Report

01.12.17 by Gabe Sanders

Tradewinds on Hutchinson Island January 2017 Market Report

As of January 2017 there are two townhouses for sale in Tradewinds on Hutchinson Island in Jensen Beach FL. List prices for these townhouses are $379,000 and $389,000 for an average list price of $384,000 which equals $200.05 per sq. ft. of living area.

There are no townhouses currently under contract.

In the past 12 months, 1 home has sold. The sales price was $235,000 or $63.19 per sq. ft. of living area. This home was on the market for 43 days and sold for 94% of list price.

About Tradewinds in Jensen Beach:

Located west of A-1-A (Ocean Drive) on Hutchinson Island in Jensen Beach (Saint Lucie County) and just approximately 3 miles north of the Jensen Beach Causeway is this unique townhome community by the name of Tradewinds.

There are a total of 14 townhomes in Tradewinds. Two large Spanish Med style units on the north end were completed in 2009 while the other 10 are in a Key West style and were completed between 2012 and 2014.

The older units are quite large with over 3,500 sq. ft. of living space on two and three levels and numerous bedrooms and bathrooms and garages. The newer units are all 3 bedroom, 2 and ½ bathroom homes with approximately 2,300 sq. ft. of living area with reserved parking. There is one end unit that has a detached garage.

All ages are welcome and up to two large pets are OK. Rentals are also permitted with some restrictions.

These townhomes are deeded as condos so the monthly fee of $400 (as of January 2017) includes maintenance and insurance for all structures and common areas. There is a community pool as well as a community pier with deeded docks on the Indian River (Intracoastal Waterway). Residents of these townhomes have the ability to go fishing on the Intracoastal from their boat or right from the dock, or simply just walk across the street to enjoy the crystal clear waters of the Atlantic Ocean.

Because of the limited number of residences in the Tradewinds, these don’t come on the market very often, so please contact me for a listing alert for any new townhomes that come on the market in the Tradewinds.

Life’s a Beach: The search for the ultimate beach house

01.11.17 by Gabe Sanders

Life’s a Beach:

The search for the ultimate beach house

As winter is upon us, you may be in search of those amazing seasonal experiences that come with the most beautiful, festive time of the year for those of us lucky to be in South Florida. You may be out to achieve and experience the perfect vacation, the perfect outdoor adventure, and—if you happen to be a surfer, a swimmer, or just an admirer of scenic settings—the perfect wave.

And, while some people might want to experience the this season in the idyllic setting of a hotel, resort, motel or inn, others might choose to rent or buy a vacation house for the season. And during the freezing months of December, January, and February, a beach house stands as the singular embodiment of the ultimate dream home.

What better way to access the perfect vacation, wave or outdoor adventure than via a house on the sand; one that offers spectacular views, easy access to beaches and waterways (obviously:), and all of the comfort and beauty that one can expect from the ultimate beach house?

Yet if do truly want to achieve the perfect beach house experience, it does always help to find the perfect beach house (again, obviously:); so with that in mind, here are some surefire tips and suggestions for those seeking the idyllic ‘place on the beach.’

1. Find a home on the beach. OK, before you click off of this blog in a total fit of disgust, please hear us out. While many residential structures are available for sale on and around beachfront areas, they may not fit your needs and requirements for the ideal beach house. That is why it is best for you to decide, first and foremost, what specific type of beach house would constitute a true summer home. Would you favor a romantic cottage for two or a huge, expansive party house that will fit your entire friendship circle or social group? Or would you simply favor a single family residence that just happens to be located somewhere near a beach?

2. Find a beach house that will truly offer you the total seasonal experience. Aside from supplying easy access to a tropical waterfront mecca that will offer any number of seaborne adventures, your beachfront vacation home should itself offer an array of ‘fun facilitating’ and ‘party ready’ features, ranging from swimming pools to sprawling decks and patios that double as the sites of socials, soirees, pool parties and barbecues.

3. Find a beach house that will withstand the elements. Some tropical and water-bordered areas tend to be particularly susceptible to hurricanes, tidal waves, seasonal storms, typhoons, and other weather-related phenomena. So be sure that your residential structure comes complete with a strong roof, sealed windows and doors, functioning utilities, and spaces that could be used as storm shelters. Some winter beach houses also come complete with stilts, to help brace them against the elements—while also providing an aerial view of the beach you so adore. Get back to the beach house this season!

Lake Tuscany Pool Home Sold

01.11.17 by Gabe Sanders

Lake Tuscany Pool Home Sold

Just sold in Lake Tuscany. This home was listed for $435,000 and sold for $422,000 after only 12 days on the market.

Lake Tuscany pool home in Stuart Florida

A 2005 built Mercedes home with gorgeous lake views. This is a 4 bedroom, 3 bathroom, plus den/office with a 3 car garage. Loaded with generous updates and features including a private lot with 166 feet of lake front, a saltwater pool and plantation shutters throughout. There is ample room for entertaining large groups. This home is conveniently located on a cul de sac for privacy. Lake Tuscany is in a wonderful location with easy access to I-95 as well as shopping and downtown Stuart FL and the beaches. This is like a model home with decorative ceiling fans, formal dining and living rooms, large office with built-ins, custom closet treatments and pantry, beautiful wood flooring in main living spaces, large kitchen with eat-in dining area and a large laundry room with built-ins.

Lake Tuscany pool home in Stuart Florida

About Lake Tuscany in Stuart FLorida

Search for currently available homes in Lake Tuscany in Stuart Florida

Lake Tuscany in Stuart Florida is a newer subdivision just to the west of I-95 in Martin County, Florida. The homes in Lake Tuscany were mostly completed between 2004 to 2005. This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center. Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages. All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany in Stuart Florida

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $316 per quarter (as of November 2016). These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping. The Lake Tuscany property owners web site is located at this site.

Lake Tuscany in Stuart Florida

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School. Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Lake Tuscany in Stuart Florida

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the Florida Club January 2017 Market Activity

01.10.17 by Gabe Sanders

the Florida Club January 2017 Market Activity

Stuart, Florida

As of January 2017:

There are currently 12 Florida Club homes for sale. List prices range from $259,900 up to $519,000 for an average list price of $394,405 which works out to $181.08 per sq. ft. of living area.

There are 4 homes under contract awaiting the completion of their sales. List prices ranged from $254,315 to $459,000 for an average list price of $333,076 or $172.98 per sq. ft of living area. These homes averaged 100 days on the market before going under contract.

In the past 12 months, 30 homes have sold in the Florida Club with sales prices ranging from $237,500 to $495,000 for an average sales price of $316,754 which equals $164.44 per square foot of living area. The average days on market was 78 days with a 97% list to sales price ratio.

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes. 113 homes in the estates section of the Florida Club featuring larger lots and spacious estate sized homes. Many with both lake or golf course views and a few with both. The remaining Florida Club homes feature either single family or attached one story villas, many also with golf course and/or lake views. Residents of the Florida Club can enjoy daily golf or if the wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership. Additionally for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

For more information about golf at the Florida Club January 2017 Market Activity please visit their web site: Florida Club Web Site and watch their welcome video below:

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the Florida Club January 2017 Market Activity

Summerfield Market Report for January 2017

01.09.17 by Gabe Sanders

Summerfield Market Report for January 2017

Home of the Champions Golf Club

As of January 2017, there are 8 homes on the market in Summerfield ranging in listing price from $308,500 up to $499,000 for an average list price of $387,965 which equals $183.24 per square foot of living area.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $329,000 up to $429,990 for an average list price of $382,845 which equates to $169.63 per square foot of living area. These homes averaged 65 days on the market prior to receiving an accepted offer.

In the past 12 months, 34 homes have sold. Sales prices ranged from $215,000 to $550,000 for an average sales price of $360,228 which equals $168.96 per square foot of living area. The average days on market for these sales was 70 days and the average list to sales price was at 97%.

Summerfield is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course. Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty. This Tom Fazio designed course is open to the public with very reasonable membership fees. Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club. All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches. Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

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Summerfield Market Report for January 2017

Spacious Canoe Creek Pool Home – Palm City – New Price

01.09.17 by Gabe Sanders

Spacious Canoe Creek Pool Home – Palm City – New Price

This Canoe Creek home with private pool on over 1 acre and 4000+ sq. ft. of living area is now available for $448,000 from the Gabe Sanders BlueWater realty team.

Spacious 4BR, 3.5 Bath pool home. Perfect home for those looking to live in large rooms on an over an acre lot with minimum HOA rules and low fees. This home features a huge family/great room with exposed wooden beams with a fireplace and a wet bar. There’s a large den/office that leads into a spacious master bedroom. The master bath has dual vanities on granite counters with separate tub and shower as well as a private entrance to the spacious back yard. The kitchen has been recently upgraded to granite counters and mostly stainless appliances as well as new tile. There are 3 additional bedrooms one of which has an en suite bath. Large screened lanai and an over sized pool.

Canoe Creek in Palm City is a wonderful family community filled with 107 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

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Spacious Canoe Creek Pool Home – Palm City – New Price

Edgewater Villas Condominiums January 2017 Market Report

01.08.17 by Gabe Sanders

Edgewater Villas Condominiums January 2017 Market Report

For January 2017 there is only 1 condo available for sale in the Edgewater Villas of Stuart FL. This condo is listed for $347,900 or $222.87.

There are no units under contract at this time.

In the past 12 months, 3 Edgewater Villas have sold. The sales prices ranged from $345,000 up to $445,000 for an average sales price of $382,500 which equals $239.46 per sq. ft. of living area. These condos sold for 92% of the list price and went under contract in an average of 73 days after list date.