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Debra Wellins

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Real Estate Information Category

Pinecrest Homes For Sale Under $700,000

Debra Wellins The Village of Pinecrest has 11 single family homes for sale under $700,000. They range from $496,500 for a 4 bedroom, 2 bath house with 1,578 square feet of living space to $699,000 for a 4 bedroom, 2 bath home with 2,071 square feet of living space. All 11 of the homes for sale have 3 or 4 bedrooms and 2 or 3 baths and are on an average lot size of about 15,000 square feet. If your looking for land, one home for sale is on an acre. ... Continue Reading >

Same Sex Marriage Property Law Update

Debra Wellins Gay marriage bans are collapsing throughout the nation and rightly so. With that said, the Florida Bar has assembled a special committee to explore real estate and probate laws as they pertain to same sex couples. The Bar's Real Property, Probate and Trust Law Section created the panel in June to study  property and estate issues pertaining to same-sex couples legally married in other states, who move to Florida.  There are statutory changes that need to be addressed if challenges to Florida's prohibition of gay... Continue Reading >

What is My Home Worth?

Debra Wellins You think your home is worth HOW MUCH? Well let's find out.  It could be more, but then again, it could be less. Even if you're not thinking of selling right now, it's good to know the value of your home or condo. Just click this link for a complementary home valuation. I am an estate specialist in Pinecrest, Coral Gables and Coconut Grove.  Don't go it alone with one of the most valuable assets you own. Depend on a professional market analysis to know the true... Continue Reading >

Highest Sale – Lowest Sale in Pinecrest

Debra Wellins Here's the ying and yang of single family home sales in The Village of Pinecrest this year. Let's start with the high end.  Located at 9030 SW 60th Ave, this 7 bedroom, 8 bath, 3 half bath home with 12,400 square feet of living area on over an acre sold in June for $6,199,000 or $444 per square foot. The estate was listed by Saddy Delgado of One Sotheby's and has every conceivable luxury accouchement including a spectacular theater room, bar with wine cellar, staff... Continue Reading >

Breaking News: Zillow Agrees to Acquire Trulia

Debra Wellins Trulia has entered into a definitive agreement to be acquired by Zillow.  The agreement stipulates a 3.5 billion stock-for stock transaction approved by the Boards of Directors of both companies and is expected to close in 2015. Both companies will operate as separate and distinct brands.  At closing, Trulia CEO Pete Flint will remain as CEO of Trulia but report to Zillow CEO Spencer Rascoff.  Rascoff and an additional member of Trulia's Board will also join Zillow's board, which will oversee the combined... Continue Reading >

JUST SOLD MODERN COCONUT GROVE TOWNHOUSE

Debra Wellins   I just closed on this fabulous Coconut Grove townhouse at 3177 Florida Ave. This place is absolutely divine.  Not only is it located on a quiet charming street, but it is walking distance to everything Coconut Grove. I represented the buyer of this modern townhouse, listed by Jessica Adams of the Riley Smith Group.  This stunning place was a hot prop and had multiple offers in a matter of hours.  We secured the contract and the rest is history. My buyer is thrilled with his purchase... Continue Reading >

Pinecrest Townhouse Sales

Since January, only 4 townhouses have closed in Pinecrest, two at Swan Lake and two at Sutton Place. The prices ranged from $425,000 ($224/SqFt) for a 3 bedroom, 2.5 bath townhome at Sutton Place to $650,000 ($221/Sq Ft) for a 3 bedroom, 3 bath tonwhouse at Swan Lake. The townhouse market in The Village of Pinecrest is extremely small when compared to single family homes.  There are several townhouse communities just west of US1 and 104 Street that include Kendall Trace and Dadeland Cove with the 33156 zip code,... Continue Reading >

A Shocker – Citizens Insurance Approves Rate Reduction

Debra Wellins Citizens Property Insurance Corp. Board of Governors approved an overall average reduction of 2.9 percent statewide for personal residential policyholders. Single family homeowners will see an average drop of 3.2 percent and personal and commercial rates will decrease by 1 percent. These recommendations, however, still must be approved by the Florida Office of Insurance Regulation before they take effect. But why wouldn't they approve it?  After all, Florida has not had a major storm in eight years, bolstering insurance profits as well as reducing reinsurance cost (insurance... Continue Reading >

Townhome Just Listed in Gables Point

I just listed this 2 bedroom, 2-1/2 bath townhome in Gables Point II, the most well-maintained of the Gables Point townhomes. This unit backs up to a beautiful private garden area designed for meeting and greeting neighbors while walking the dog (or not). The kitchen was updated five years ago with gorgeous marble counter tops and under-counter lighting, a new refrigerator, microwave and hot-water heater and top of the line Hansgrohe faucets. The bathrooms were also remodeled with  contemporary vanities, sinks and Hansgrohe faucets. [gallery columns="4" ids="8093,8092,8096,8090"] This townhome has it all -... Continue Reading >

Inventory of Homes for Sale is on the Rise – Especially in Palmetto Bay

Debra Wellins There are definitely more homes on the market this year over last.  Take a look at the graph to the right that compares single family homes for sale between Jan 1 and June 1 in 2013 and 2014. Palmetto Bay has seen the greatest increase in homes for sale, up by 44%.  This is a super hot area to buy in right now. South Coral Gables has had the second highest increase in inventory at 22% followed by The Village of Pinecrest and Key Biscayne at 18% and... Continue Reading >