Coral Lakes May 2021 Market Report

Coral Lakes May 2021 Market Report

For May 2021 there is only 1 home available for sale in Coral Lakes in Stuart FL.  The list price is $689,900 o $221.41 per sq. ft. of living area.

There is also 1 home currently under contract in Coral Lakes. The list price was $699,000 which works out to $245.61 per sq. ft. of living area. This home was on the market for 41 days before going under contract.

7 homes have sold in the past 12 months in Coral Lakes.  These homes sold for prices ranging from $345,000 up to $550,000.  This equals an average sales price of $456,700 which works out to $200.26 per sq. ft. of living area. These homes were on the market for an average of 49 days before going under contract and sold for 99% of the list price.

Click here to view previous Coral Lakes market reports!

About Coral Lakes in Stuart FL:

Coral Lakes in Stuart FL

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road.  Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

Coral Lakes in Stuart FL

There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005.  Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Coral Lakes in Stuart FL

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates, and management (as of March 2019).  Many homes have private pools in these spacious single family home sites as well as other much-desired amenities.

Coral Lakes real estate in Stuart FL

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways, and the other great attractions that make Stuart FL so popular among families.

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle, and Martin County High Schools.

Check here to see which Coral Lakes homes are available for sale.

Recent Market Report Posts:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Coral Lakes May 2021 Market Report

Buying a Home in 2021?

Here Are Some Financial Steps to Take

Buying a Home in 2021? Here Are Some Financial Steps to Take

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Buying a home is a huge accomplishment and a major life milestone, but it’s typically not something you can do on a whim. And if you don’t already have your finances fully in order, it’s never too soon to begin the process. Here are a few quick tips on how to prepare your personal economy so that you can afford your own home by the end of the year.

Know if You’re Ready

First, you’ll want to decide if you’re truly ready for homeownership. PennyMac’s first house guide explains that this is a long-term investment. This means you’ll likely need to live in the same spot for five to 10 years and know that you are prepared to tackle common home maintenance issues, such as minor plumbing repairs and landscaping. You also have to look past a current proposed mortgage amount as your home insurance and taxes may go up. In other words, as your cost of living rises, you want to assure yourself that you are in a position for your income to grow along with it.

Find a Realtor

Perhaps one of the most financially impactful things you can do before you buy a home is to partner with an experienced realtor. Not only does Gabe of Stuart Florida Real Estate not charge a commission to buyers, but he can also help you identify great deals and help you haggle if the home you want is out of range.

Save for a Downpayment

Depending on the type of financing you choose, you may be able to get away with as little as 3.5% down. FHA loans typically have the lowest down payment, but a traditional loan may have more favorable long-term terms. To save for your down payment, you may need to make a few minor lifestyle adjustments in the interim. Skip vacations, cut back on discretionary spending, and consolidate high-interest credit cards into a singular lower-interest loan.

Check Your FICO Score

Your credit score can never be too high, but it can be too low. Typically, you’ll need a credit score of a minimum of 580 to purchase a home. Once you get up in the 700s, you’ll be eligible for a better loan rate.

According to Experian, there are many factors that affect your credit score, including your credit history and whether or not you make your payments on time. If your credit score could use a boost, pay down some debt and make sure that everything is up-to-date. You’ll also want to take a quick peek at your full credit report so that you will have time to dispute any inaccuracies before you apply for a loan.

Gather Your Documents

Buying a house today is not like buying a house pre-2007. So if it’s been a while, you may be surprised to find that your mortgage company may ask for everything from three years’ worth of tax returns to a full list of your assets and liabilities. And if you’re self-employed, be ready to jump through a few more hoops. You will have to prove, among other things, that you plan to continue to remain a contractor and that your earnings have been constant for the last few years.

Once you have these financial steps taken care of, you can begin your home search — ideally, three to six months before you intend to move. Having money matters mastered now will ensure a smoother process once you find the home of your dreams. Small steps, such as gathering your documents and deciding if you’re truly ready for homeownership, will have a positive impact on the entire home buying experience. Ready to get started? Reach out to the Gabe Sanders Stuart Florida Real Estate Team now at (772) 888-2885.

Guest post authored by Suzie Wilson

Jensen Park Estates January 2021 Market Report

Jensen Park Estates January 2021 Market Report

There are 3 homes available for sale in the Jensen Park Estates community of Jensen Beach FL at this time.  List prices range from $321,000 up to $469,900. This is an average list price of $378,633 which is $188.22 per sq. ft. of living area.

There are 4 homes currently under contract.  List prices ranged from $234,900 up to $355,000. This is an average list price of $309,975 which equals $208.66 per sq. ft. of living area.  These homes were on the market for an average of 30 days prior to going under contract.

In the past 12 months, 16 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $238,000 to as high as $415,000.  This is an average sales price of $320,463 which works out to $191.93 per sq. ft. of living area.  These sales averaged 98% of the last list price and averaged 38 days on market before going under contract.

View previous Jensen Park Estates market reports

About Jensen Park Estates in Jensen Beach FL:

Jensen Park Estates real estate

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to a more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.

Jensen Park Estates real estate

Neighborhood children attend the Jensen Beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside Park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Jensen Park Estates real estate

Search here for available Jensen Park Estates Homes for Sale

Recent Market Report Posts:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Jensen Park Estates January 2021 Market Report

How to Manage Moving for a Home-Based Business

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How to Manage Moving for a Home-Based Business

Do you have plans to start a home-based business? Are you ready to move forward and know that means you need a new house? If your current place does not have the ideal setup, moving is often the best bet for making your dream a reality. Yet this can be a challenging proposition when you’re also trying to build a business. Make your journey easier, starting with these tips courtesy of Stuart Florida Real Estate:

Choose a Great Space

Moving into a new place begins with a smart housing search. List the essential elements you need to run your organization efficiently and note how much space you require for your specific operation. This process helps you refine your new house requirements, giving your realtor the information needed to find the right place for you.

In addition to a quiet workspace separate from your household distractions, consider other possible needs as well:

  • Will you need storage space for supplies?
  • Does your operation require a workshop area?
  • Do you have large equipment?
  • Will customers visit your home office?
  • Would an expanded driveway help with receiving customers and deliveries?
  • Do you need a conference area or waiting room?

Having a clear plan for your business and its expansion will help speed up the home-buying process. You’ll be able to look at homes with an eye towards design possibilities that mesh with your ideas. Purchasing a new property that fits your vision helps ensure your business growth and your work-life balance goals.

Know the Laws Regarding Your Home-Based Company

As the Houston Chronicle explains, it’s important to learn about the local zoning laws in the South Florida neighborhoods you are considering for your new home. Some residential areas have restrictions on home-based operations to protect residents from things like excessive traffic and noise. Find out if there are employee limits, parking regulations or other rules that may inhibit your ability to run your operation smoothly.

Make sure the area of your new house permits your type of business. Various laws concerning specific industries and home-based companies may or may not work for your organization. For example, you may be able to have a home office but not have the ability to meet clients there. You could plan to meet customers at a coffee shop or other public place in this situation, or you may want to look at houses in a different area.

Set Up Your Business Entity

As you change locations and address various legal concerns, it’s an important time to evaluate your legal business structure. Make your organization a legal operation by determining its legal structure. As Business News Daily explains, a limited liability company has many benefits for home-based business owners:

  • Tax advantages result from using your home as your principal place of business.
  • Limited liability benefits you by safeguarding your personal assets. As an LLC owner, only your professional assets are at risk from lawsuits. A sole proprietorship cannot protect your personal belongings from claims.
  • An LLC provides a flexible structure. You can modify the operating agreement as your needs change, giving you more options. Corporate laws dictate management structure and are sometimes challenging for small companies.
  • Forming an LLC is a straightforward process that requires minimal paperwork. You can even use a formation service to help you set it up to avoid expensive lawyer fees.

Each state has different laws regarding an LLC formation, so be sure to research and understand your area’s regulations before moving forward in the process to avoid potential penalties or legal issues in the future.

Rely on Professionals

Your real estate agent is a key player in making this dream a reality, but there are other pros who can help you with this transition, too. For example, a professional organizer can help you configure your best workflow, an architect can assist with major home alterations, and a professional moving company can tackle the grunt work involved with packing, moving and unpacking. Don’t hesitate to turn to those whose expertise is perfectly suited to alleviating your various burdens!

With the proper planning, knowledge and adequate, professional workspace, you can enjoy the many advantages of moving into a property that supports your home-based business. However, the moving part can be tough! Be sure to make thorough plans, address legal concerns, and turn to the professionals that can help you through the process—and that begins with contacting Stuart Florida Real Estate for their insights and expertise into the housing market!

The Basics of Making a Smart, Eco-Friendly Home

The Basics of Making a Smart, Eco-Friendly Home

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At this point, most people share a concern about the environment and believe that each of us should do what we can to preserve the planet. For many years, living sustainably and environmentally-conscious could be quite inconvenient and expensive. But things are beginning to change. Here are some tips for a smart, eco-friendly home.

It’s now easier than ever to make a home that increases the convenience of your everyday life while also conserving energy and saving money. Stuart Florida Real Estate strives to provide buyers with the information they need to make good decisions concerning their property (or potential property). Here’s some practical advice on how you can create a smart, eco-friendly home, whether you’re building on a fresh plot or renovating an existing home:

STAY SECURE

The technology that exists today can make your life more convenient and make your home one that uses much less energy, saving you money in the process. However, one downside to the technology is that hackers and other types of cybercriminals can use it to steal your identity, hack into your bank accounts, and use your personal information for a lot of other purposes. When expanding your smart home capabilities, it’s essential to take steps toward keeping your devices and network secure.

FIND THE RIGHT PRODUCTS

Once you have a digital security plan in place, it’s time to research smart home products. If you’re starting from scratch, the wide variety of products can be overwhelming. But if you focus on incorporating the following items, you’ll be off to a great start:

A Smart Home Platform

First of all, it’s a good idea to invest in a smart home platform that you can use to control all or most of your smart devices. Google Assistant, Amazon Alexa, and Apple Siri are among the most popular platforms on the market, and each comes with its own hubs.

A Smart Thermostat

A poorly regulated heating and cooling system not only can waste your money — it can also have a negative impact on the environment. If your HVAC system is working hard to keep your home cool during summer and warm during winter while no one is home, think about what a waste that is — not to mention how much wear-and-tear it puts on the system itself!

Get a smart thermostat that you can control from your smartphone and/or that will allow you to set a schedule for when people are at home and away.

Smart Lighting

Electricity is responsible for much of our carbon footprint, and lighting itself plays a major role. How many times have you accidentally left a light on for an entire workday or longer? This can easily be fixed by changing out your light bulbs with smart bulbs. Most products come with their own apps that allow you to control the lighting in your home from your smartphone, though you can choose bulbs that fit within your smart home platform as well.

A Smart Home Security System

As with the other items listed here, a smart home security system can be activated and controlled from your smartphone or other devices, such as a tablet or computer. There are a lot of different security systems on the market, and you can get varying levels of security depending on what product you choose.

At the very least, consider investing in indoor security cameras, door and window sensors, and smart locks. Furthermore, most manufacturers offer professional monitoring services for a monthly fee, though you can always monitor your home yourself whether you’re at work, school, or out of town.

These days, living more conveniently and benefiting the environment is more practical and cost-effective than ever. Remember to put a digital security plan in place before you start creating your smart home. And research to figure out which smart home platforms and products will work best for your needs. In no time, you’ll be living comfortably and saving money — all while helping to ensure the long-term health of the planet.

Are you looking to buy or sell your home with minimal stress? Contact Gabe Sanders today! (772) 888-2885