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Debra Wellins

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Pinecrest – 3rd Quarter Sales 2015

Single family home sales are steady and stable in the Village of Pinecrest.  The chart compares the third quarter of this year to third quarter sales in 2014 and there are a few surprises. The average luxury home sale price is up a mere 2% as is sales under a million at 2.5%.  The average sale price per square foot is up 6% in the lux market whereas home sales under a million have seen only a 3% increase. One surprising stat that has come out of Q3 sales is how... Continue Reading >

Update on Devonwood Sales

Devonwood is a very desirable community in the Village of Pinecrest located off Ludlam Road between 131 St and 136 St.  Many of us call it the Coconut Grove of Pinecrest because the streets and homes are so beautifully shaded by towering oaks, mature trees and lush tropical landscaping. The lovely and prestigious enclave of Devonwood has had only three sales since January of this year.  There is not much turn over of homes in this exclusive little corner of Pinecrest. The Sales 6500 SW 133 Dr    5 bedroom     3 bath       3,964 SF living area    23,599 SF... Continue Reading >

L’Shana Tova

Debra Wellins Chili is ready for a sweet year and not giving up her honey crisp.  Wishing the same to everyone!   Continue Reading >

Honoring Steven at Pinecrest Gardens – The Steven Joel Sotloff Memorial Garden

Debra Wellins "Everyone has two lives.  The second one begins when you realize you have only one." These words were written by Steven Sotloff while in captivity by ISIS.  His family, Shirley, Art and Lauren Sotloff received this letter from Steven six months after he disappeared from the Syrian border without a trace. Smuggled out of Syria, this letter was their first real confirmation that Steven was alive, giving them hope, comfort and something tangible to cling to through the year of despair. Yesterday, I attended the commemoration of The Steven Joel Sotloff Memorial Garden. ... Continue Reading >

Are you an UHNW Individual?

Debra Wellins Who are they and do they want? For starters, these uber rich folks have at least $30 million in assets. They are ultra-high net worth indivuduals (UHNW) who buy the finest wines, watches, cars, yachts, jewelry and real esatate. In seeking safe investment diversification, they purchase second homes in foreign countries to gain citizenship or residency status. Acccording to a recent study, there are 211,275 UHNW individuals worldwide who collectively hold nearly $3 trillion (U.S dollars) in real estate assets.  Roughly 10 percent of their net worth is invested in real... Continue Reading >

You Buying? 8 Provocative Questions to Ask a Home Seller

Debra Wellins Most of the time, a home buyer does not have opportunity to directly question a home seller.  Sellers usually make themselves scarce during showings and this is always preferable. When I represent a buyer, if an opportunity presents itself to talk with the seller directly, there are some excellent questions to pose that often elicit answers not required or documented. These questions can be addressed to the seller's agent but the answers will likely be filtered and not as revealing. What's the history of the house? Did you have any... Continue Reading >

Village of Pinecrest Acre Sales

Debra Wellins In the Village of Pinecrest, 13 acre parcels of land this year have transferred ownership.  Five lots were exclusively land sales and eight were homes on acres that sold for land value. Here's the break down. Land Sales: Total 5 When looking at land values, the actual sale price is less significant than the sale price per square foot ($/SF) because parcels very in total square footage. In this study, the land varied from 38,000 to 56,000 square feet or 3/4 to 1.5 acres.  (1 acre = 43,560 SF).  The land that sold for... Continue Reading >

New Modern Estate Fetched Top Dollar in Pinecrest

June single family home sales in The Village of Pinecrest ranged from $5,100,000 for a new modern home with 9 bedroom, 9.5 bath and 10,000 square feet of living space to $433,650 for a 3 bedroom, 2 bath home built in 1957. The top sale price per square foot was $505 and the lowest $212.  The average June sale in Pinecrest was $1,441,825 or $311 per square foot. Click this link to see What's for Sale in Pinecrest. I am an estate specialist in the Village of Pinecrest and your best source for... Continue Reading >

Food Truck News – Churrascaria in Pinecrest

Carnivores take notice!  El Toro Loco Churrascaria is serving up mouth watering meats on the NE corner of Ludlam and US1 in the Dadeland North Shopping Center. I stopped in today for a half pound of garlic picania and churrasco and they were grilled to perfection, even meeting Captain Rick's high standards.  The meats, cooked to order, were well seasoned, juicy and tenderlicious. The owners, Aly and Joel Lombillo, opened their Brazilian steak truck about two weeks ago after their lease at FIU was up.  LUCKY FOR PINECREST!!!!!  Joel hails from Uruguay but knows... Continue Reading >

What’s on the Market in Pinecrest Real Estate?

The Village of Pinecrest has a home for everyone.  There's a sprawling Mediterranean estate on over an acre with 9 bedrooms, 10 baths and 16,000 square feet of luxury living offered for $9,599,000. Or, if you are a first time home buyer and have dreamed of living in a wonderful community with great schools and parks, there's a 4 bedroom, 2 bath home with a little over 2,000 square of living space listed for $485,000. Take a look below to view all the properties for sale in Pinecrest and scroll to your... Continue Reading >