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Debra Wellins

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Bill Passed that Caps Estoppel Certificate Fees

Debra Wellins HB 483/SB 398, which caps estoppel certificate fees, was just passed by the Florida Legislature! As many of you know, this is a long-standing issue that those in the real estate industry have been working on for several years, and its passage represents a big win for homeowners and Realtors across the state. This bill caps the fees that community association management companies can charge for estoppel certificates at $250 for unit owners who are current in their assessments. An additional $100 can... Continue Reading >

Coconut Grove Townhouse – A Walker’s Dream

Debra Wellins Townhomes are the hottest properties in Coconut Grove.  I just listed a walker's dream on spectacular Gifford Lane,  just a short walk to the center of town. No need to drive around looking for parking when shopping, dining, tennis, parks and recreation can be reached on foot. This lovely Coconut Grove townhouse, build in 2005, has an open floor plan with living and dining rooms that flow to a private, shaded and fenced patio surrounded by palms.  Filtered light casts a lovely glow throughout the living spaces. The common areas have gorgeous marble... Continue Reading >

Pinecrest Gardens – Get Involved – Make A Difference

Pinecrest Gardens (the old Parrot Jungle) holds the most special memories for my family.  So many mornings, I'd meet with other moms and their toddlers there to have breakfast or coffee and enjoy the gorgeous garden.  An early morning lifesaver,  the Garden was a local spot where kids could play and interact in a safe and splendid environment. The Garden remains such a joy to many new young families in Pinecrest and the surrounding communities.  But a garden like this needs an enormous... Continue Reading >

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 >