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Debra Wellins

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Condominiums Category

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 >

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 >

Sold – Waterfront Condo in Bay Harbor

The condo market continues to be hot.  I represented the buyers in the sale of a two bedroom, two bath waterfront condo on Bay Harbor Island in Miami Beach . This condo sold for a sweet $285,000, a great price for an apartment with bay and city views from every room. The owners are thrilled with their purchase and are in the process of fixing it up as they make this their new home, all the way from Sitka, Alaska. The condo has great amenities including... Continue Reading >

New Listing in Cedar Glenn

I just listed an amazing 3 bedroom, 3 bath, 1,562 square foot lakefront penthouse in North Miami. This spacious and cheerful apartment looks out over the lake and pool from the living room, kitchen and screened-in porch.  It has split plan master bedrooms with walk-in closets, one of which has a screened-in porch.  The building has a heated pool and there are two assigned parking spaces. [gallery ids="8629,8630,8634"] This condo comes with a full complement of amenities.  Just about everything is included. 24 hour security patrol... Continue Reading >

The Best Real Estate Market Indicator – Number of Months Supply

Debra Wellins The number of months supply of housing inventory is the most important metric in the real estate business and the key to understanding housing market value trends. The optimum number of months supply ranges between six and nine months.  Once the number of months supply falls below six months, the value of homes and condos increase. Once the number of months supply rises above nine months, values begin to level out, and eventually begin to fall as the number of months supply... Continue Reading >

The Courts Did Right by this Disabled Veteran

Debra Wellins A disabled veteran prevailed in the federal appeals courts this week on a discrimination lawsuit against a Central Florida condominium association. Ajit Bhogaita, an Air Force veteran, suffers from post traumatic stress disorder (PTSD).  In 2008, he acquired a support dog named Kane to help him in his recovery. The dog exceeded the condo association's allowed weight limit of 25 pounds so the condo association demanded that the vet remove the dog from his unit. Bhogaita filed a complaint with the U.S. Department of Housing and Urban Development and the Florida Commission on... Continue Reading >

250 Wynwood – Going Up

Debra Wellins Wynwood is going condo with a live/work building in the Arts District just a hop away from Wynwood Walls.   The project is designed by New York City-based architect Laith Sayigh and is being developed by Fortis Developments co-founders, Bradley R. Carlson and David Polinsky. The mixed-use project consists of two ground floor retail units and nine spacious one and two bedrooms units, ranging from 768 to 1,602 square feet and priced from the mid $300,000’s to just over $600,000. There are... Continue Reading >

Paraiso Bay – Presale Lux Condo In East Edgewater

Debra Wellins Paraiso Bay is a new luxury condominium close to Miami’s arts, entertainment, and design districts and just south of the Julia Tuttle Causeway, in the East Edgewater area. It features two 53-story luxury towers with 1, 2, 3, and 4 bedrooms, plus penthouses, each with over-sized terraces and private elevator entrance. The residences will have fabulous unobstructed views of Biscayne Bay and the city skyline. Pre-construction prices start at $399,900 for the 1 bedroom, 1.5 bath plus den to $1,402,900 for the four bedroom, 4.5 bath plus den.  Penthouses are also available starting at $1.9... Continue Reading >

The Condo Construction Craze

Debra Wellins Been downtown lately?  It's a mass of construction cranes.  Condo towers are going up all over the place from Miami Beach to Hollywood. I've been tracking the 35 condo projects currently under construction in Miami-Dade County.  Three of them are now completed towers*. Most of these are available for pre-sale, meaning you can place a deposit down now, while under construction, and make payments at specified completion phases. Towers Under Construction Miami Baltus House Bay House 23 Biscayne Bay* Brickell CityCentre BrickellHouse Grove at Grand Bay Habitat II Icon Bay 1100 Millecento Residences MyBrickell Nine... Continue Reading >

The Artification of Condo Sales in South Florida

Debra Wellins Exceptional and valuable art is being paired, not with fine wine, but with luxury condominiums in South Florida.  Paintings, sculptures, public art and video installations, art furniture, rugs and murals are adorning lobbies, pool decks and other common areas of high-end condos to attract wealthy buyers. And the art is not just for the 12th Art Basel Miami Beach, December 5-8.   It's permanent. The Bond on Brickell, a new 44 story condo planned for Miami and themed after London's  legendary Bond Street,  has British photographer Terry O'Neill's life size black and... Continue Reading >

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