Stuart Spec Home Builders Needn’t Compete with L.A.’s Newest

Stuart Spec Home Builders Needn’t Compete with L.A.’s Newest

 California Dreaming

A Stuart “spec” home is a residence that has been designed and built by a Treasure Coast entrepreneur who has no pre-existing sales order. Stuart spec homes are bold ventures: they have to be built with confidence that the design and execution will be attractive enough to generate a sale. To return a profit that’s worth the risk, the sale has to be realized quickly enough to offset the considerable costs advanced.

Dictionaries can be a little confusing about what “spec” is shortened from. Most ascribe it to “speculative,” but some (like Wiktionary) think it has to do with the builder following his own specifications.

I’d like to suggest a new third possibility—at least for one particular spec home. News about it comes to us from Bloomberg’s Business site, under the heading, “California Dreaming.” It’s about a spec home that’s being built on a grand scale…okay, maybe “grand scale” is too modest: it’s being built on an astronomical scale…a gargantuan scale…maybe more like a mega-galactic scale!

Because the asking price is going to be a half billion dollars.

Now, Stuart real estate watchers may have thought that when Johnny Depp’s luxury property in France (the one that was actually a whole village) was listed a couple of months ago, we’d hit a sort of apex of residential real estate extravagance—but clearly, we were mistaken. A $500,000,000 asking price could buy you a lot of French villages like Depp’s. It could approach a province (albeit, maybe a fixer-upper province).

The California Dreaming spec home is, land-wise, a surprisingly modest offering. Only about 4 acres or, as the builder puts it, “1.6 hectares” (I believe this indicates a hopeful nod to potential foreign buyers). So, what will this home—which won’t be completed for another 20 months—offer that our run-of-the-mill Stuart spec homes don’t?

For openers, the four acres (or 1.6 hectares) are in Bel Air, which is already a somewhat pricey neighborhood. All the hectares are situated on a hilltop with 360-degree views of the Pacific Ocean, Beverly Hills, downtown L.A., and the San Fernando Valley. Still, with the average residence sale in even that neighborhood weighing in at peasant-level prices (only $5.29 million), you’d think there must be a lot more going on.

There is. It will be roomy: 74,000 square feet in the main residence. And so you won’t have to feel hemmed in when guests show up, there will be three smaller houses. Unless you have more than 30 autos, the garage will also be ample. You’ll have four swimming pools, including a 180-foot infinity pool. To combat the California drought, the yard features 20,000 square feet of synthetic grass. To banish the boredom that might set in if the Queen fails to visit (synthetic grass won’t accommodate the corgis very well) there will be a 45-seat Imax theater. Still bored? There’s always the 8,500 square foot night club. At the end of a long night of TV-watching and night clubbing, there’s a 5,000 foot master bedroom to flop into…if you can find the bed.

Compared with our Stuart spec homes, I’d suggest the ‘spec’ in this one stands for ‘special.’ Very special. Meantime, in case you are too impatient to wait the 20 months for the California Dreaming mansion to be completed, we have a number of Stuart properties that are a good deal more practical. Call me to zero in on the great values our summer market has to offer!

Stuart Spec Home Builders Needn’t Compete with L.A.’s Newest

Today’s Palm City Listings Aren’t Your Granddaddy’s MLS!

Today’s Palm City Listings Aren’t Your Granddaddy’s MLS!

 Palm City real estate

When you put your Palm City home on the market, your most effective marketing mechanism isn’t the front yard For Sale sign—although that sign is certainly one way to generate valuable neighborhood awareness. It’s not the well-designed ad your Realtor® publishes, even in the most well-read Stuart newspaper or magazine—although those expensive insertions can draw valuable inquiries.

Without a doubt, the most powerful marketing mechanism at your disposal is the Martin County Multiple Listing Service. Through it, your home’s listing in the Martin County MLS is far and away your most potent advertising tool. Although today this seems so obvious that it’s barely worth restating, in important ways that’s a relatively recent development. The Why and the How of today’s listing availability provides an interesting peek ‘under the hood’ of how 21st century real estate works.

Back in real estate’s medieval past (before the Web reached everyone—say, 20 years ago), Martin County “listings” took the form of printed sheets distributed between cooperating real estate brokers and agents. They were headed by mug shots of the properties, sometimes—when there were printing issues—less than flattering reproductions.

But even that practice was a modern development. Early in formation of the United States, groups called “Real Estate Exchanges”—the antecedents of today’s Boards of Realtors®—would meet on appointed days to exchange lists of properties their clients wished to sell. In practice, these meetings would often become auctions, with brokers bidding on behalf of their principals for properties they wanted to buy from other brokers.

It was only at the beginning of the twentieth century that the word “multiple” was sometimes applied to the “listing” of properties; but by the Roaring Twenties, the advantages of “multiple listings” were widely accepted. The difference was that now brokers cooperated to combine their separate portfolios of client offerings into integrated master lists…which usually translated into all those sheets of paper in the “orderly collections” of binders on the shelves and in the briefcases of real estate pros. Orderly or not, it took a lot of diligence to keep everything current…

It was a far cry from today’s Palm City listings, which can be summoned up instantaneously on computer screens in homes and offices anywhere. Actually, on phones and tablets, no matter where they are! When you think about it, the technology has fundamentally changed the nature of how listings are used. Instead of being information that had to be gathered and shared by real estate professionals who would physically gather for that purpose, today’s MLS listings are available to be inspected and compared by you, the client, yourself—with your Realtor acting as expeditor rather than limiter. It’s the real estate professionals who make sure the parts of the listings on public view are as accurate as possible, and who guide clients all the way from their discovery of the most likely candidate properties through visiting, negotiating, and closing on their next Palm City home.

The upshot is that today’s Martin County listings are all right here, right now. And as soon as you find the ones you’d like to look into further, I’m right here—standing by for your call!

Today’s Palm City Listings Aren’t Your Granddaddy’s MLS!

Moorings of Manatee Condo in Rocky Point Open House

Moorings of Manatee Condo in Rocky Point Open House

OPEN HOUSE, August 02, Sunday 1:00 PM – 3:00 PM
4885 SE Capstan Ave. E-25, Stuart, FL
Get Directions Click Here
DescriptionPhotosMaps & LocalSchoolsWalk Score
$ Click for current price
2 BEDROOMS
2 BATHROOMS (2 full)
1273 Square Feet
Beautiful 2nd floor, end unit in the boating community of the Moorings of Manatee. Bright and airy with updated kitchen, newer appliances and open floor plan. Unit has a pool view with a peek-a-boo view of the water. There are 2 assigned parking spaces, accordion hurricane shutters with tile on the patio. Unit has been well maintained with the following updates: new roof 2006, new porch screen 2014, new a/c compressor 2011, new kitchen cabinets 2005, refrigerator & washer/dryer 3 years old, stove & dishwasher 5 years old. Fish off the dock. Docks may be available to purchase or lease. Ocean access with 1 fixed bridge (9’ clearance). Florida living at its finest.
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What is Your Home Worth?
Gabe Sanders
BlueWater Realty Services Inc.
772-323-6996
[email protected]

Moorings of Manatee Condo in Rocky Point Open House

 

 

Moorings of Manatee Condo in Rocky Point Just Listed

Moorings of Manatee Condo in Rocky Point Just Listed

Just listed in the Moorings of Manatee in Rocky Point in Stuart FL by the Gabe Sanders BlueWater realty team.  This is a well maintained 2 bedroom, 2 bathroom condo in a boating community.

Beautiful 2nd floor, end unit in the boating community of the Moorings of Manatee. Bright and airy with updated kitchen, newer appliances and open floor plan. Unit has a pool view with a peek-a-boo view of the water. There are 2 assigned parking spaces, accordion hurricane shutters with tile on the patio. Unit has been well maintained with the following updates: new roof 2006, new porch screen 2014, new a/c compressor 2011, new kitchen cabinets 2005, refrigerator & washer/dryer 3 years old, stove & dishwasher 5 years old. Fish off the dock. Docks may be available to purchase or lease. Ocean access with 1 fixed bridge (9’ clearance). Florida living at its finest.

 Moorings of Manatee Condo in Rocky Point Moorings of Manatee Condo in Rocky Point

Moorings of Manatee Condo in Rocky Point Moorings of Manatee Condo in Rocky Point

Search here for all available Moorings of Manatee Condos in Rocky Point

Moorings of Manatee Condo in Rocky Point Moorings of Manatee Condo in Rocky Point

A Stuart Property Manager Can be a Timely Solution

A Stuart Property Manager Can be a Timely Solution

 property manager

At first blush, deciding to hire a Stuart professional property manager may seem counter-productive. Whether you bought the property you will be renting out specifically for that purpose, or else are simply holding onto your former home rather than selling it, the expense of employing a Stuart property manager will materially reduce the cash benefit your rental promises to throw your way.

In fact, many new landlords don’t seriously consider hiring a property manager. It’s an offshoot of their own long-time home owning experience. They’ve learned to handle the residential maintenance issues that crop up from time to time, so it seems unnecessary to hire a professional manager for the occasional problems they know how to solve themselves. They may acknowledge that there will be twice as much to handle, it still may seem to be a needless extravagance. After all, the two great benefits of becoming a landlord are to build equity and generate income, so why give away part of the latter?

One cogent reason is the principal difference between managing a rental and your own household. In your own home, you aren’t answerable to any outside entity. When a faucet starts leaking or a circuit breaker blows, you are free to ignore it until the weekend or whenever it’s most convenient. That’s simply not true for a conscientious landlord. Even with a cooperative, understanding tenant, in a way, you almost become your tenant’s employee (or at least it can seem that way when the phone rings at an inconvenient moment). A good tenant rightfully expects his residence to be maintained promptly and diligently; it’s your part of the rental bargain.

Another factor that argues for opting for a reputable Stuart property manager goes to another difference between managing your own residence and a rental. The professional has so much experience in all aspects of property care that he or she is considerably more likely to have dealt with any given situation. Likewise for handling the technicalities of attracting and interviewing tenants, and seeing that contractual issues are completed correctly—tasks that need to be handled with legal exactitude.

There are plenty of reasons that can make hiring a property manager a sensible move, starting with those quality of life issues—your life! For retirees or others with abundant spare time, they may not be as significant; but for fully-employed persons, the time factor and necessity to “be on call” can be crucial. I always recommend giving the professional management option full consideration. Of course it’s always possible for a first-time landlord to test the waters for a while before making the decision—though it’s important to realize that one false step can escalate into costly legal troubles when it comes to national and state civil codes, fair housing laws, and tenant rights. Ignorance of the law will be no excuse for do-it-yourself landlords who are unlucky enough to find themselves on the wrong side of a tenant dispute—so be sure to educate yourself and have access to a reputable Stuart landlord-tenant attorney

If a Martin County income-producing real estate investment opportunity is something you would like to explore, this summer has produced some properties with terrific potential. Give me a call anytime to discuss how best to explore what’s out there!

A Stuart Property Manager Can be a Timely Solution