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Debra Wellins

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Pinecrest Real Estate – Market Recap of Land Sales in 2016

The Village of Pinecrest land sales were relatively stable in 2016. Although it took longer to move Pinecrest real estate last year, prices were up. Market Recap of Land Sales A total of 14 properties sold last year in Pinecrest, most between 3/4 of an acre and 1.25 acres, averaging $1,031, 921 per sale or $26 a square foot (SF). Compared to last year, the total number of parcels sold was down by 13% but the average sale price was up 7% and price per SF by 12%. In Northeast Pinecrest,... Continue Reading >

Village of Pinecrest 2016 Annual Market Report

Debra Wellins                                           Jump in and enjoy my Village of Pinecrest 2016 Annual Market Report - the most comprehensive analysis of single-family home sales in Pinecrest. Sales data is divided into quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and west. (See map below). Pinecrest 2016 Annual Market Report Pinecrest home sales in 2016 were quite interesting in comparison to 2015. Total number of sales of single family homes was down 9% (17 fewer homes sold in 2016). ... Continue Reading >

Just Sold – North Coral Gables Home

I just sold a North Coral Gables home, completely remodeled in 1995.  Situated on a gorgeous corner lot in a beautiful section of the Gables, this 1939 Spanish home has three bedrooms and two and a half baths with 2,240 SF of living space and 2,608 total SF. North Gables Home the Perfect Choice This two story home had all the features my buyers wished for, including warmth, great natural light, an updated island kitchen with plenty of storage, a family room overlooking the Chicago brick patio and private backyard, lush mature landscaping, a garage and the perfect space... Continue Reading >

One Sale Leads to Another – Relationships in Real Estate Deals

As real estate deals go, this one was a triple double.  I was tremendously fortunate to represent the buyers and sellers in a transaction that closed today. I'll tell you about the home in a minute as I'm more interested in relating why relationships, not to mention open houses, are so important in the real estate business. I met the sellers about a year ago when they purchased one of my listings in Biltmore Heights. They dropped in during an open house, instantly fell in love with the home and hired me on the spot to represent them with... Continue Reading >

Just Sold – Great Palmetto Bay Home

Debra Wellins   I had the pleasure of selling a terrific 4 bedroom, 2 bath Palmetto Bay home to a wonderful family I met through our dog Chili.  Chili picked up Willy in front of our house in Pinecrest one day as he and his mom were cruising down the street.  It was the start of a great love affair and friendship. But back to the house sale...  Palmetto Bay is one of the best neighborhoods to raise a family. Many of the homes... Continue Reading >

Rustic Lakes Home for Sale in Hot Kendall Neighborhood

Debra Wellins I've just listed a wonderful neighborhood home in the Kendall subdivision of Rustic Lakes that truly has it all.   Situated on an 8,500 square foot corner lot, on quiet low traffic streets, this bright and cheerful four bedroom, two bath home provides privacy for the family and fabulous spaces for entertaining. As you enter the foyer, you are greeted by the large light-filled living and dining room w/ cathedral ceilings and an expansive wall of glass doors overlooking the beautifully landscaped... Continue Reading >

How to Calculate Your Real Estate Tax Portability when Downsizing Homes

So often, I'm asked how to calculate the real estate tax savings or tax portability when downsizing homes.  Here's a clear and simple example that I provided to one of my sellers in Pinecrest.  Use it as a template for your own numbers. Take a look at the chart.  If you own a home that has a current market value of $2,300,000 with an assessed value of $1,165,000, the cap difference is $1,134,273. You are allowed to "port" or transfer up to a maximum of $500,000 of this. Let's say... Continue Reading >

Priced to Sell – Mid Century Modern Pinecrest Home

Looking for a huge family home in Devonwood, in the sweetest corner of southeast Pinecrest?   This mid century modern home is perfect for a growing family who dreams of 5 bedrooms and 5 full baths.  Downstairs, there's a gigantic family room with full wet bar for game day and gorgeous formal living and dining rooms with slate floors to entertain the important folk.  Bedrooms are all upstairs with the master well separated from the kids' rooms down the hallway.  There's good proximity to the... Continue Reading >

A Zen Real Estate Deal

I've worked with great clients before, helping them buy and sell property, but this transaction was straight out of the Zen book of real estate deals. I was holding my first open house when a family of three stepped past the red front door, glanced around the room and proclaimed , "we are buying this house."  I immediately liked them!  Fifteen or more families with young children had the same look of enthusiasm as they walked into the living room. The house simply oozed warmth and charm... Continue Reading >

A Peruvian Cobaya this Guinea Pig Loved

  My first adventure into the COBAYA dining experience did not disappoint.  For those of you unfamiliar, it is a mystery dining club of sorts.  Sign up on the email list, receive an announcement with the date for the next dinner, respond in the affirmative and pray that you win the lottery.  You are notified about five days out if you have been selected.  There is no mention of where, who or what.  The time and location is only provided two days... Continue Reading >