One Bedroom Portofino Condo Under Contract

One Bedroom Portofino Condo Under Contract

This well appointed bank owned one bedroom Portofino Condo under contract.  3734 NW Mediterranean Lane, Suite 207 is under agreement and will close soon for the very happy new buyer. 

One Bedroom Portofino Condo Under Contract
Portofino Condos at Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

One Bedroom Portofino Condo Under Contract

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino Condos at Jensen Beach you will feel like you are on vacation year round!


One Bedroom Portofino Condo Under Contract

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One Bedroom Portofino Condo Under Contract

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2013

 

For April 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 382 active listings (A decrease of 16 homes from March)

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186 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month)

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76 Homes Sold in April (Increased by 8 homes from March)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed strong results for April.  Closed sales increased again and remained quite strong.  Pending sales also increased and show good potential for future closed sales.  The inventory continues to decline and this may be a troubling statistic in the future as fewer homes are available for sale.
 

The current absorption rate stands at 5 months.   The Palm City residential real estate market has slipped into a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2012 numbers were:  462 active listings, 228 pending sales and 49 closed sales.  Our closed sales for this year remain considerably better than last year.  This is especially noteworthy with the reduced amount of available homes for sale.  Pending sales are lower this year and the inventory may very well be one of the factors for this lower number.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

Sandpebble Riverside Condo Under Contract

Sandpebble Riverside Condo Under Contract

4490 NE Sandpebble Trce. Suite 8-301 is now under contract on the river side of the Sandpebble Condos on Hutchinson Island in Stuart, FL.

 View from Sandpebble Riverside Condo

Gorgeous views from this 3rd floor end unit condo in Sandpebble, overlooking the pool, docks, plus, with mile wide river views.  An immaculate 2 BR, 2 BA condo that has been well maintained.  Upgrades include corian counter-tops in kitchen, large dual sink, stove and microwave. Plantation shutters in the dining area, carpets that are 3 years new.  Both bathrooms updated, new vanities, new shower stall with designer details. Custom built storage in living area.  Accordion shutters for easy access and security.   This is a turn key unit, being sold unfurnished, with some items being negotiable.

Living area of Sandpebble Riverside Condo

Kitchen of Sandpebble Riverside Condo


On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best kept secrets in Martin County.  Located on a pristine 37 acres that reaches from the Atlantic Ocean to the Indian River (Intracoastal Waterway).

Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings.  A total of 5 heated pools (3 river side and 2 ocean side), along with deep water docks for 66 vessels.    Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.

Hutchinson Island Condos in Sandpebble, Stuart, Florida


On the spacious grounds there is plenty of green space for outdoor activities, two hard court tennis courts and a fully equipped club house with kitchen and on-site management.  Both Oceanside and riverside sections are gated for secured entry only.  Residents have the use of both the river and Oceanside sections regardless of the location of their own units.

Hutchinson Island Condos in Sandpebble, Stuart, Florida

 

Construction of the Sandpebble complex began in 1982 and just recently all buildings were completely refurbished with metal roofs, Hardi-Plank replacement for exterior wood surfaces, complete concrete (re-bar) restoration, the installation of a bulkhead protecting and enhancing the river-side property and structures, updated landscaping and the painting of all the buildings.

For additional information and availability of Sandpebble Condominiums and other attractive Oceanfront Homes, Condos or Vacant Land, contact Gabe Sanders.

 

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Sandpebble Riverside Condo Under Contract

Portofino Condos at Jensen Beach May 2013 Market Update

Portofino Condos at Jensen Beach May 2013 Market Update

As of May 16, 2013 there are only two condos available for sale in Portofino.  A 1 BR listed for $69,900 and a 3 BR offered for $120,000.  The average cost per square foot is $91.20.

There are 7 condos pending, list prices were $57,900 to $80,000 at an average price per square foot of $73.02.

In the past 12 months, 11 condos have sold, ranging in sales price from $46,000 to $81,000 for an average price per sq. ft. of $62.91.

Portofino condos remain in high demand and sales prices have started to rise.

Portofino Condos at Jensen Beach May 2013 Market UpdatePortofino Condos at Jensen Beach May 2013 Market Update

 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 May 2013 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 May 2013 Market Update

Portofino Condos at Jensen Beach May 2013 Market UpdateThe 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.

Portofino Condos at Jensen Beach May 2013 Market Update

 

 

Portofino at Jensen Beach

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 May 2013 Market Update

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 May 2013 Market Update

Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2013

For April, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 65 active listings (Down 2 from March).

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34 Residential sales are pending and awaiting close or lender approval (No change from March).

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9 Homes Sold in March (Up 4 homes from March)

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The 34994 ZIP code area of the Stuart, Florida real estate market showed a marked increase in closed sales for April.  At the same time, pending activity remained strong (unchanged from last month) and the inventory decreased by two homes.  We should continue to have strong closed sales in the coming months, but if inventory doesn’t increase, we will be looking at a challenging market as there just aren’t enough homes available for sale.

The one month absorption rate for the 34994 zip code for April dropped to 7.2 months. which signifies a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2012 numbers were 79 Active Listings, 40 pending sales and 5 closed sales.  Considering the lower inventory this year as compared to last, market activity remains strong for the 34994 zip code area of Stuart for residential home market.

 

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Stuart Florida Market Report ZIP Code 34994 – Residential April 2013