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Debra Wellins

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Real Estate Information Category

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 >

Priced to Sell – Mid Century Modern Pinecrest Home

Looking for a huge family home in Devonwood, in the sweetest corner of southeast Pinecrest?   This mid century modern home is perfect for a growing family who dreams of 5 bedrooms and 5 full baths.  Downstairs, there's a gigantic family room with full wet bar for game day and gorgeous formal living and dining rooms with slate floors to entertain the important folk.  Bedrooms are all upstairs with the master well separated from the kids' rooms down the hallway.  There's good proximity to the... Continue Reading >

A Zen Real Estate Deal

I've worked with great clients before, helping them buy and sell property, but this transaction was straight out of the Zen book of real estate deals. I was holding my first open house when a family of three stepped past the red front door, glanced around the room and proclaimed , "we are buying this house."  I immediately liked them!  Fifteen or more families with young children had the same look of enthusiasm as they walked into the living room. The house simply oozed warmth and charm... Continue Reading >

Charming New Home for Sale in Biltmore Heights

I just listed a delightful 3 bedroom 2 bath family home on a quiet, tree-lined street in the Biltmore Heights section of Miami.  Biltmore Heights is a wonderful neighborhood nestled between Coral Gables and South Miami. This 1,649 square foot home features pergo and tile floors and a living room, dining room, family room, laundry room and updated kitchen.  Beautiful wood cabinetry and granite counters highlight the kitchen which also includes a breakfast counter that opens to the dining room. The air conditioning, replaced in 2009, has a maintenance contract and the roof, completed in 2011, is still under... Continue Reading >

Where to Put that OSCAR? Dazzling Homes of the 2016 Nominees

Leonardo DiCaprio's Palm Springs Casa - (more…) Continue Reading >

Village of Pinecrest Land Sales – 2015 Market Report

What’s Happening with Undeveloped Land In Pinecrest? Last year, 16 parcels of undeveloped land sold in the Village of Pinecrest. An additional 8 lots with tear-down houses sold for land value only.  (These statistics are included in my 2015 single-family home sales report.) Seven sales were west of 77th Av with an average sale price per square foot of $17. Nine sales were east of 69th Av with an average sale price per square foot of $28. Undeveloped land was on the market an average... Continue Reading >

Pinecrest Home Sales 2015 – The Annual Report

                    Each year, I create a comprehensive market report that subdivides single-family home sales in the Village of Pinecrest 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). These numbers reflect all sales listed in the MLS but not homes sold by owner. Pinecrest home sales in 2015 were slightly off from 2014. Total sales volume of single family homes was down $30 million or 10% in 2015. The average sale... Continue Reading >

Harmonious Homes with a Musical History

In honor of the Grammy Awards and Valentine's Day, I'm sharing a few romantic homes once owned by musicians. Percy Lodge, an 18th century English country home, was once owned by Bad Company rock drummer Simon Kirke. Villa Grasse, with stunning views of the Côte d’Azur, was once owned by French composer and harpist Germaine Tailleferre. Blue Velvet was the Sarasota, Florida home of legendary singer Bobby Vinton. This Santa Fe, New Mexico adobe home was once the former residence of the late Glenn Frey. Courtesy... Continue Reading >

In Demand – The Walkable Neighborhood

I'm flooded with buyers looking for homes in walkable communities.  Millennials, downsizing couples and people with disabilities are all in search of a unicorn - town homes, single-family homes and apartments within walking distance to a city center. Homeowners of all ages don't want to drive.  They want to walk into town, grab a bite to eat, throw back a few and shop or catch a movie.  It's a beautiful thing...log in a few walking miles and avoid parking hassles, costs and driving under the influence. But buyers also want... Continue Reading >

What Home Features do Miami Homebuyers Want in 2016?

The top 10 must-have items that will be major selling points for 2016 are: Contemporary Design or Mid-Century Modern Porcelain Flooring that Looks like Wood Granite Countertops Stainless-Steel Appliances Open-Floor Plan Walk-in Designed Closets Eat-in Chef's Kitchen with Wine Cooler and Pantries Impact French Doors and Windows for Maximum Natural Lighting En Suite Bedrooms Fireplace (yes - even in Miami) Lush Tropical Landscaping Pool Covered Patio Outdoor kitchen Two-Car Garage Oh yeah! We want it all. I'm an estate specialist in The Village of Pinecrest and your best source for news and information on Pinecrest real estate.  If you would like to schedule a buyer, seller or investor meeting, please... Continue Reading >