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Debra Wellins

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Real Estate Information Category

New Listing in Pinecrest’s Devonwood

Debra Wellins Devonwood is a beloved neighborhood in The Village of  Pinecrest and houses like this do not come along very often.  The 4,844 square foot home is set on 1/2 acre of native hardwood hammock. Large windows and doors in this 5 bedroom, 4 bath home reveal a private and lush tropical garden with decks, winding paths, pool and outdoor entertainment areas.   This home has a terrific floor plan with a formal living room and dining room, a spacious family room, a gourmet kitchen, and surprisingly, a fully finished basement.   13425 SW 66th Ave. is offered at... Continue Reading >

Eight Steps to Get the Best Price on Your Home

A home in good repair, with fresh pain and new carpets, will always show better and attract higher offers.  If you are thinking of selling your home, follow these recommendations and you will have much greater success. Don't Overprice - The worst case scenario is no showings or no offers.  Buyers who are qualified to buy your home will be shopping in a lower price range. Clean and Remove Clutter - This can include too much furniture or items on desks, tables and counters, including collectables. Paint -... Continue Reading >

Are Zillow Zestimates Accurate in Home Valuation?

Debra Wellins When citing a home's value, I personally have not had a problem with my sellers and buyers believing a Zillow "zestimate" over my Comparable Market Analysis (CMA).  The value generated by a well researched and analyzed Professional CMA is persuasive and clear. Zillow is very upfront about their limitations.  They generate a range for their estimate rather than a specific sales price and they acknowledge their sampling error of plus or minus 7.5 percent.  So a $500,000 home has a 95 percent probability of having a value between... Continue Reading >

Pinecrest Home Sales – Price Per Square Foot Up 13%

  Pinecrest homeowners have good reason to be happy as the first quarter of 2014 comes to a close. I crunched the numbers of single family home sales in The Village of Pinecrest and compared sales from this year to sales from last year for the same time period (January to present). The average sale price is up $ 40 a square foot and the median sales price is up $37 a square foot.  That's a 13% increase for both average and median sale price per square foot. I am a Pinecrest... Continue Reading >

Two Sales in Snapper Creek Lakes

Two homes were snapped up by buyers this year in Snapper Creek Lakes. 5545 Arbor Lane Sale Price  $4,994,500 $491 per Square Foot Brokerage:  EWM Realty International This home is of superb craftmanship with impeccable woodwork and details throughout.  The spacious 6 bedroom, 8 bath craftsman-inspired residence was custom-built in 2008 and includes his and her offices, playroom, media room and 4-car garage with over 10,000 square feet of living space on over an acre.   [gallery ids="7354,7355,7356"] 10645 Snapper Creek Road Sale Price $3,100,000 $424 per Square Foot Brokerage: Kendall... Continue Reading >

The Latest on Flood Insurance – Simplified

Debra Wellins It's good news for flood insurance rates. The Senate passed the Flood Insurance Bill and President Obama plans to sign it. Before Biggert-Waters The annual flood insurance rate increase was capped at 10 percent The home improvement threshold was set at 50 percent of a home's value.  This refers to an increase in the flood insurance rate based on the percentage of renovation or remodeling of a home. Biggert-Waters Flood Insurance Reform Act of 2012 As a result of the Act, the cost of flood insurance immediately rose to its actuarial rate at the time of... Continue Reading >

The New Modern in Coconut Grove

Debra Wellins Sleek modern architecture and walls of glass define this new 3,767 square foot home for sale in North Coconut Grove. This four bedroom, four and a half bath home opens up to a covered terrace with a tropical pool and garden, blending the interior seamlessly with the exterior. Even the wine cellar is enclosed in glass. [gallery ids="7297,7295,7294"] [gallery columns="4" ids="7299,7298,7296,7293"] 2275 Overbrook St. is offered at $1,999,000 by Riley Smith, EWM International Realty I am a luxury specialist in Coconut Grove, Coral Gables and Pinecrest.... Continue Reading >

Royal Renovation in Pinecrest’s Queen Anne Estates

Debra Wellins You don't need to be a royal to live in this white, bright modernized home in the Queen Anne Estates section of Pinecrest. This completely remodeled pool home on half an acre has 4 bedrooms, 2 baths and 3,135 square feet of living space for under $1 million. It also has a laundry room, impact doors and windows, a two-car garage plus carport and a new flat tile roof. [gallery ids="7184,7182,7183"] [gallery ids="7185,7181,7180"] Listed at $985,000  -  Carole Smith, EWM Realty International Click this link to see What's for sale in Pinecrest I am a luxury residential specialist in... Continue Reading >

Pinecrest Homes – February Sales

The February 2014 stats are in and the number of single family homes sold in the Village of Pinecrest is identical to February of last year. Twelve homes sold at an average sale price of $1,435,683 or an average price per square foot (SF) of $323. When looking at all sales for the month of February, the average sales price per square foot is up 18% from last year.  However, there is one sale that tremendously skews the data. In the chart you will notice the sale of a 2 bedroom, 2... Continue Reading >

Oceanfront Home in Coconut Grove – The Best Deal

Debra Wellins Is there such a thing as a great buy for a home with direct oceanfront views?  I'm not talking about a canal where you have to crane your neck to see the bay. If $4,395,000 is in your price range, then this is truly the best deal on the market for a home with wide open, unobstructed waterfront views in Coconut Grove.  It is selling for $526 a square foot. 3528 Bayshore Villas Dr. - 4 bedroom, 5.5 bath, with 8,347 square feet of living space on... Continue Reading >