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Debra Wellins

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Lakefront Condo Sold

Congratulations to my seller who recently closed on her lakefront penthouse apartment. This was one of the few condos around that had three spacious bedrooms with a split floor plan and three full baths. The seller was incredibly happy in getting the highest price for a condo in her building this year, despite the fact that it needed total renovation. This was a great deal for the buyer as well who saw it as a good investment and safe home for her family. Once it is modernized, it will be an amazing home. 671 NE 195... Continue Reading >

Sleek Contemporary Home For Sale in Pinecrest

  Take a look at this a new Italian style contemporary home, designed and built by Eurohabitat in the Village of Pinecrest. Sophitsticated and Smart This one story home on a builders acre has dramatic 24 foot ceilings that take advantage of the natural light via an abundance of windows. Besides having a gorgeous state of the art kitchen with quartz counters, induction cooktop and Thermador applicances, the home has a media room, temperature controlled wine room, magnetic door locks, solid teak shower floors, a 53-foot lap and kids pool and an outdoor... Continue Reading >

Village of Pinecrest – Sales Down in 1st Quarter 2015

First quarter sales in the Village of Pinecrest has seen a bit of a decline when compared to single family home sales from the same period in 2014. Forty five homes sold through March 31, 2015, only four less than last year. Luxury Market In the luxury market, with 22 sales over $1 million, the hot market continued to be between $1 - 1.4 million.  The biggest drop off was seen at the top end with only one sale between $3 -5 million. The luxury market realized a 24% decrease in... Continue Reading >

Pinecrest Luxury Market – Homes for Sale Over $1 Million

Luxury homes in the Village of Pinecrest are selllng from $1 million to $10 million. One hundred properties are currently listed over $1 million out of 141 total single family homes for sale. At the low end, with an asking price of $1,060,000 ($261/SF) is a 1967 home with 5 bedroom, 4 baths and 4,056 square feet (SF) of living space.  This home is on 3/4 of an acre in SW Pinecrest. The top priced home, built in 2013, is offered at $9,800,000 ($624/SF).  Set on 1.25 acres in SE Pinecrest,... Continue Reading >

What’s for Sale Under $1 Million in the Village of Pinecrest?

Debra Wellins It's getting to be slim pickings for single family homes under $1 million in Pinecrest.  As of today, 141 homes are on the market, only 41 of them under $1 million. The breakdown is in the chart on the right.  The $700,000 - $799,000 price range is the hottest market under $1 million with 15 homes for sale. Almost all of these homes are west of 72nd Ave and south of 104 St. They average 3-4 bedrooms, 2,000 -3,000 square feet and are on lots from 1/4 to 1/2 acre.  Four of... Continue Reading >

Pinecrest Home Sales January 2015

January was a slow month for single family home sales in The Village of Pinecrest. There were only 13 closings, with a top sale of $2,275,000 and a bottom sale of $540,000. The average sale was $994,000 or $270 per square foot. In reviewing the luxury segment of this market, properties that sold for over $1 million, the average price was $1,351,000 or $313 per square foot for January. One property sold for land value at $1,100,000.  The buyers plan to build a spectacular contemporary LEED home, using the latest and greatest energy... Continue Reading >

Pinecrest Acre for Sale

I've got the inside track on a NE Pinecrest acre that is not yet listed for sale but available for $1.2 million.  This is a fantastic opportunity to buy this property while it's off-market. It's deep interior acre -  great for privacy - shaded by lovely oaks and palms on a quiet street with little traffic.  The lot is .93 acres or 40,712 square feet (SF). Although the property is being sold for land value, there is a comfortable 4 bedroom, 3 bath family home, with 2,312 SF of living space, including a renovated kitchen... Continue Reading >

Just Sold – Gorgeous Acre in Pinecrest

  I just sold this spectacular acre in the Village of Pinecrest.  The developer who purchased it will be building a beautiful contemporary home that will add tremendous value to the neighborhood. This was a challenging acre to sell.  Although located in one of the most sought after neighborhoods in Pinecrest, on a no-traffic street with beautiful majestic oaks and nice property dimensions, this acre had many site development issues that had to be resolved. moving a fire hydrant moving power lines, moving neighboring fences, boundary line issues and removal and... Continue Reading >

Village of Pinecrest Land Sales – 2014 Market Report

The Village of Pinecrest has very few undeveloped parcels of land remaining.  Last year, 17 lots were purchased, 6 of which were undeveloped and 11 with tear-down houses that sold for land value only. Developers are chomping at the bit for beautiful parcels of land in prime locations in The Village. The chart below has all the data for 2014 Pinecrest land sales generated from the MLS.  This is a most time-consuming analysis as most of the acres sold are not necessarily listed under land sales but under... Continue Reading >

Pinecrest Home Sales 2014 – The Annual Report

The numbers are in for 2014 single family home sales in the Village of Pinecrest. These numbers reflect all sales listed in the MLS but not homes sold by owner. Each year, I brake down Pinecrest sales by quadrants, with SW 112th Street representing the division between north and south and SW 67th Avenue representing the division between east and west. The chart below is self explanatory, but I'd like to point out the relevant changes between 2013 and 2014 that are the most interesting. The 2014 total volume in sales was up 18% over 2013.... Continue Reading >