L UXURY R ESORT P ORTFOLIO The Definitive Source For Luxury Real Estate In South Florida WWW.LUXURYRESORTPORTFOLIO.COM
THIRD QUARTER | 2012
FEATURED LISTING | The The Oaks at Boca Raton promotes a relaxed and elegant Boca Raton Country Club lifestyle. Nestled in one of the most celebrated and exclusive gated estate enclaves in Boca Raton, Florida, The Oaks at Boca Raton, this French Chateau inspired architectural masterpiece encompasses over one third of
ISSUE 3
Oaks at Boca Raton
an acre of lakefront resort inspired South Florida living on meticulously sculpted verdant grounds. Experience the tranquil setting surrounding this Boca Raton home located behind gates and walled gardens for the ultimate in privacy. Truly an entertainer’s paradise that challenges any first class vacation resort, this impressive Boca Raton home immediately catches the eye and embraces the al fresco South Florida lifestyle with its bold white facade and French Regency architecture. The dramatic interiors have been custom designed by the renowned Jan Jones International Interior Design with immaculate taste and highest quality materials.
everyday living, but places an abundance of prominence on gala entertaining with graceful and insightful design features. Inspection By Appointment Only
Embellished with style and dramatic detail, this estates’ floor plan was designed with an emphasis on
REAL ESTATE NEWS:
Citizens Announces Plans to Revamp Reinspection Programs
COMMUNITY SPOTLIGHT:
MLS#: R3286878 $2,695,000 USD 9179 Redonda Drive Boca Raton, Florida 33496
Stone Creek Ranch | One of South Florida’s grandest and most exclusive estate enclaves
REAL ESTATE NEWS Following Public Outcry, Citizens Announces Plans To Revamp Reinspection Programs
C OMMUNITY S POTLIGHT STONE CREEK RANCH
TA L L A H A S S E E , F l o r i d a
Citizens Property Insurance Corp. announced major changes to its home reinspection program on August 20, 2 0 1 2 , fo l l ow i n g a n o u t c r y f ro m consumers and recent media coverage about a staggering $137 million in premium increases tied to the unpopular program. Under its new plans, homeowners who lose insurance discounts due to a reinspection can receive a second inspection free of charge and will have new tools to dispute the first inspectors’ findings. There will also be a stronger effort to educate homeowners about what they need to prepare for a reinspection.
LUXURY RESORT PORTFOLIO | Exclusive Listing $9,450,000 USD
Stone Creek Ranch lies in the heart of South Florida's Gold Coast between Palm Beach and Boca Raton. Minutes away is Historic Delray Beach's picturesque Atlantic Avenue's charming village shops and fine restaurants, Palm Beach's luxury brand boutiques of Worth Avenue, Ft. Lauderdale's Las Olas yachting paradise and Miami's world class nightlife and entertainment along South Beach.
Stone Creek Ranch is one South Florida's grandest and most exclusive estate enclaves
Citizens is still deciding whether or not to apply the changes retroactively. That decision could impact more than 175,000 property owners, who have already seen their premiums go up by an average of $810 after an inspection. Whether those homeowners will be able to reverse the premium hikes is “a question that we need to take a look at,” said Barry Gilway, president of Citizens.
Reminiscent of a by-gone era where homes were built to last generations, Stone Creek Ranch provides residents with privacy and a taste of the privileged Palm Beach lifestyle. Developed by Kenco Communities the magnificent enclave in Delray Beach is nestled amid 187 acres of picturesque verdant vistas, striking lush landscaping and e x p a n s i ve shimmering lakes. Neighboring some of the preeminent gated communities of Boca Raton, Stone Creek Ranch is the ideal setting for what
will ultimately be 37 magnificent custom built estates. The fortuitous homeowners that reside here luxuriate in custom oneof-a-kind private compounds that are perfectly set on two and a half-acre or larger opulent lake front home sites. Stone Creek Ranch's renowned team of custom builders: Charlse - Watt Estate Homes, Courchene Development, FrankelI n fi n i t y C u s t o m Estates, Kenco Custom Homes and Terence Cudmore Builders c re at e m a s t e r p i e c e homes from over $3 million to more than $15 million. For Further Details Of Estates For Sale In Stone Creek Ranch: Contact (800) 644-5616 or email our firm at TheSmiths@LuxuryResortPortfolio.com
CELEBRITY REAL ESTATE NEWS
Specializing In Boca Raton Luxury Real Estate And Fine Properties Of Distinction On South Florida’s Gold Coast
Kevin James Purchase Delray Beach Mansion FEATURED LISTINGS
LIST PRICE
BED/BATH SQ. FT
DELRAY BEACH — The name “Delray” is of Spanish origin and it means “Of the King”...so naturally and very befitting King of Queens star Kevin James decided to make a Delray Beach oceanfront mansion his new home!
16018 Quiet Vista Circle, Delray Beach, FL 33446 (STONE CREEK RANCH)
$9,450,000
7 Bed 13 Bath 20,132 sq. ft
9179 Redonda Drive, Boca Raton, FL 33496
$2,695,000
5 Bed 9 Bath 8,403 sq. ft
Sources say the TV and film star just paid $18.5 million for an estate at 502 N. Ocean Blvd., located across the street from the beach. The 25,834-squarefoot property sits on 1.8 acres. It previously sold for $4.9 million in June 2005, county records show.
16289 Mira Vista Lane, Delray Beach, FL 33446
$1,079,000
5 Bed 6 Bath 6,091 sq. ft
RECENT SALES
SALES PRICE
11 Ocean Place, Highland Beach, FL 33487
$5,950,000
5 Bed 7 Bath 9,891 sq. ft
16265 Andalucia Lane, Delray Beach, FL 33446
$799,000
4 Bed 6 Bath 5,450 sq. ft
6421 N. Via Venetia, Delray Beach, FL 33448
$30,000 (Rental)
3 Bed 3 Bath 3,497 sq. ft
The Palm Beach County property appraiser’s website values the property at $10.7 million and the annual tax bill is $250,513. The mansion has 10 bedrooms, eight full baths and four half-bathrooms. James, whose real name is Kevin George Knipfing, is married with three children. In addition to his television work on King of Queens, he has also starred in a number of motion picture films.
(THE OAKS AT BOCA RATON)
(MIZNER COUNTRY CLUB)
(OCEAN PLACE ESTATES)
(MIZNER COUNTRY CLUB)
(MIZNER’S PRESERVE)
BED/BATH SQ. FT
www.LuxuryResortPortfolio.com
FOREIGN BUYERS DRIVE CONDO SALES Low prices and a weak dollar a re b r i n g i n g i n ve s t o rs f ro m Argentina, Brazil, Canada, Mexico and other countries to South Florida. According to a recent survey from the National Association of Realtors The Sunshine State was the fastest growing real estate destination in the United States, accounting for 26% of foreign purchases for the past year.
“When it comes to the region’s condominium market,Florida is where it’s at” -Paul Owers Sun-Sentinel.com
International Buyers, have fueled the condo comeback for the past three years, significantly spurring condo sales in Broward and Miami-Dade Counties.
Unfortunately, demand isn’t as strong a few miles up the coast in Palm Beach County. Several condo projects still have not recovered from the housing bust languishing on the market. A few factors are location, lack of foreign investment interest or list prices are still priced to high to generate sales from the foreign market. Developers in South Florida are proposing thousands of new condos because inventor y is becoming scarce, Miami-Dade and Broward Counties are expected to see these new projects be built over the next few years.
L UXURY R ESORT P ORTFOLIO
The Definitive Source For Luxury Real Estate In South Florida
CARLA FERREIRA-SMITH
Luxury Estate Specialist | Broker-Owner CARLA@LUXURYRESORTPORTFOLIO.COM
Direct Line: 561-445-2299
For over 8 years, Carla Ferreira-Smith has successfully r e p r e s e n t e d exceptional properties in the affluent and world renowned estate enclaves and country club communities of Suburban Boca Raton and Delray Beach. Frequently soughtafter for her vast m a r k e t e x p e r t i s e, c o m m u n i t y knowledge, trusted adv ic e, guidan c e an d n egotiation proficiency, as well as for her profoundness of superior service luxury clients are proud to recommend to others. Carla has also represented many prominent clients and is highly recognized for her experience, trusted name in the industry, unsurpassed expertise and sincere dedication to the astute estate buyers and
sellers she represents. As her esteemed client you are assured of a superlative level of professional service. Carla is fluent in Portuguese and Spanish and represents the fir m's international clientele.
PHILIP LYLE SMITH
Luxury Estate Specialist | Co-Owner PHILIP@LUXURYRESORTPORTFOLIO.COM
Direct Line: 561-445-2282
With his extensive luxury real estate knowledge, expert negotiation strategies and New Yo r k connections, Philip Lyle Smith has established himself in the South F lorida luxury real estate markets as a l e a d i n g professional with exceptional m a r k e t knowledge,
unique understanding of the challenges that face both sellers and buyers, and first-hand experience in the complexities of national and international real estate transactions. Philip Lyle Smith offers over 8 years of indepth background in marketing and selling luxury gated estates, exclusive country club homes, yachting and intracoastal residences, elite oceanfront mansions, opulent beachfront condominiums and sprawling equestrian properties in South Florida. He prides himself on providing only the finest service available in the high-end real estate industry including forthrightness, trusted professionalism, comprehensive m a r k e t knowledge and c o n s t a n t dedication to the highest level of perfor mance that only years of experience in the luxury real estate industry can offer.
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MAIN: 800-644-5616 FAX: 800-644-0059
L U X U RY R E S O RT P O RT F O L I O
S E L L S O C E A N F RO N T E S TAT E F O R $5.950M LUXURY RESORT PORTFOLIO IS PROUD TO ANNOUNCE ANOTHER SUCCESSFUL SALE IN GORGEOUS PALM BEACH COUNTY Ocean Place Estates is an exclusive gated oceanfront enclave located in Highland Beach, Florida. These spectacular Old World villas embody the epitome of the luxurious lifestyle found along the Gold Coast of South Florida. The luxury real estate of Ocean Place Estates is a much sought-after south Palm Beach County address. Ocean Place Estates is well known as an exclusive gated estate enclave in which only eleven magnificent residences are nestled on the Atlantic Ocean within the prestigious Gold Coast town of Highland Beach. This prized and much desired Boca Raton beachfront town lies just a short stroll from the fine restaurants and luxury boutiques of both Mizner Park and Atlantic Avenue in Downtown Delray Beach.
JUNE 2012
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