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Debra Wellins


Real Estate Information Category

Pinecrest Homes – Rosy Sales in January 2014

Debra Wellins Single family home sales in the Village of Pinecrest are rosy this year compared to last.  Seventeen homes closed this January with an average sales price per square foot of $290.00 and an average sale price of $1,435,338. In 2013, only 10 homes closed during the same month with an average sale price per square foot of $ 238 and an average sale price of $784,500. That's an 18% increase in sale price per square foot and a 45% increase in average sales... Continue Reading >

What’s For Sale in Pinecrest?

Debra Wellins As of January 31, 2014, there are 95 single family homes for sale in The Village of Pinecrest. The hot price ranges are between $1 - 2 million with 33 active listings and $500,000 - $999,999 with 26 active listings. In the ultra luxury market, 19 homes are for sale between $2 - 3 million, 12 homes are for sale between $3 - 4 million and four homes are for sale above $4 million.  Only 1 home is for sale under $500,000. In January, Pinecrest had 25 new homes come on the... Continue Reading >

The Village of Pinecrest 2013 Market Report – The Year in Review

In The Village of Pinecrest, 228 homes single family homes sold in 2013 with a total sales volume of $254,928,575.  Sales ranged from $305,000 to $3,800,000.00 with an average sale price of $1,118,108 and an average price per square foot (SF) of $256.  The average sale price increased 13% and the average price per SF increased by 9% over 2012 values. In the exhibit below, Pinecrest is divided into approximate quadrants to evaluate the statistical differences within the community. North and south is divided by 112th... Continue Reading >

Luxury Home Trends for 2014

Debra Wellins The luxury home buyer wants amenities, services and infrastructure.  Here's the 2014 lux wish list. Amenities  Range of common spaces: on-site fitness centers, pools, spas, theatres, lounges, roof gardens, art galleries  Parking and storage Services  Hotel-like services: concierge, doorman, housekeeping, dog walking, catering, fine dining  Security and privacy Infrastructure Flexibility for renovations High ceilings Finishes equivalent to a five-star hotel Family kitchens along with commercial quality kitchens Classic layouts and traditional materials such as stone and glass Sustainability in mechanical, electrical and plumbing systems High-end technology - smart homes If you'd like to read my blog about the state of luxury real estate in three world... Continue Reading >

Luxury Defined – Miami – New York – London

Debra Wellins Christie's International Real Estate just came out with their report on the state of luxury real estate in three world class cities, Miami, New York and London, all of which are experiencing significant growth. Buyers with high net worth, wishing to spend $1 million or more on residential property, can afford to acquire homes anywhere in the world, and often do so in multiple locations.  They view real estate as a safe investment. While 2012 was a rebound year for increasing home prices in... Continue Reading >

De Garmo Estate for Sale in Coconut Grove

Debra Wellins An exquisite 1929 Walter De Garmo estate just came on the market in The Moorings, overlooking the bay in Coconut Grove. This beautifully restored 6 bedroom, 6.5 bath Mediterranean Revival home exemplifies classic De Garmo grandeur and old world charm with its enchanting courtyard, garden and open air loggia.   The home, with 6,856 square feet of living space, is on less than 3/4 of an acre and is walled and gated. [gallery columns="2" ids="6642,6639,6638,6637"] The Moorings features a private marina with Riparian Rights. Click this link for a brief history on  architect Walter... Continue Reading >

Just Listed in South Miami

Debra Wellins If you're looking for the South Miami lifestyle and you're a low maintenance kind of person, this place is screaming for you. Nestled in the trees of the incredibly well maintained Pathways Condo is this beautifully updated 2 bedroom, 1 bath apartment with wood floors and a kitchen complemented by quartz counters, euro-height cabinets, stainless steel appliances, soft-close drawers and a tankless hot water heater. The apartment is filled with light by virtue of double windows that look out onto the tree-lined courtyards on both sides. [gallery ids="6610,6609,6612"] There is no noise from... Continue Reading >

Coral Gables Waterfront Estate for Sale

Debra Wellins This home is all about location and phenomenal unobstructed waterfront views.  Every room overlooks Biscayne Bay with views of downtown Miami and Key Biscayne in the distance. This two-story, gated home, on a low traffic and exclusive street in Coral Gables, is 4 bedrooms and 4 baths with 5,157 square feet of living space.  It has a formal living room, dining room, den, library, family room, elevator, two-car garage, large pool, hurricane shutters and 121 linear feet of open bayfront, including a private L-shaped concrete dock with eight... Continue Reading >

Pinecrest Fourth Quarter Single Family Home Sales 2013

Debra Wellins In the Village of Pinecrest, 36 single family homes sold in the fourth quarter of the year (October 1 - December 31, 2013) with a total sales volume of $42,673,250.  This is a dramatic drop in sales from the third quarter of this year, where 72 homes closed. Of the 36 closed sales, 15 homes were under $1,000,000 and 21 homes were over $1,000,000. The pie chart depicts sales in increments of $500,000. Thirty nine percent of homes sold between $500,000 and $999,000, 41 percent between $1,000,000 and $1,499,000 and 8 percent between... Continue Reading >

Four New Listings in Palmetto Bay

Debra Wellins What's your price range?  There are four new single family homes on the market in Palmetto Bay.  Three of them are featured here. The one home not included in this blog is a smashing contemporary renovation in Palmetto Bay.  If you love contemporary, this is a must see.  What I can tell you is that it is a 4 bedroom, 2 bath home with 2,875 square feet of living space on a half acre and is listed for $649,000.  I'm afraid it is restricted from advertising so contact... Continue Reading >