March 28, 2024

Trump Fort Lauderdale – Now Conrad !

Trump Fort Lauderdale Opens – Not Really !

The long limousine stretch came down ocean drive in Fort Lauderdale this morning to crown the jewel of Fort Lauderdale Real-estate the new Trump Fort Lauderdale as it opens with much

From the Original Sale Brochure

From the Original Sale Brochure

anticipated fanfare. Fort Lauderdale Condo Buyers eagerly lined up to buy in the Trump Fort Lauderdale and placed large deposits a long time ago as they waiting the opportunity to own part of a Trump Property facing incredible Fort Lauderdale Beach. The Trump Fort Lauderdale is complete and open, Cheers to another real estate success story. Well…not so fast… that was just the paragraph that most people expected to see in approximately 2009 on the planned opening day of the Trump Fort Lauderdale. In truth that day never came, and in 2016 with a much brighter future ahead, most of the investor lawsuits are settled, the building still sits vacant as it awaits to become the Conrad of Fort Lauderdale now named after Conrad Hilton, and now with his name no longer licensed to this property Mr. Trump has tried to move on from Fort Lauderdale Beach Condos to a run for President of the United States.

Fort Lauderdale Condominium the Trump – Now the Conrad !

The very white, 24-story tower is soon to become a mix of a luxury hotel and Fort Lauderdale Condominiums. After “the building” as we will refer to it, being his name is no longer

No longer the Trump Fort Lauderdale !

No longer the Trump Fort Lauderdale !

associated with it, sat empty for all these years, having never opened, was sold to a new group of investors, a major renovation was planned. Some estimates have placed the renovation in excess of $100 million dollars. Many residents of Fort Lauderdale Beach were happy just to see work begin on this monument to the South Florida real estate crash that sat empty, with no name, for many years. Having received few rave reviews for its architecture, which was supposed to look like a cruise ship, in a city that already had the famous Sheraton Yankee Clipper, changes to the exterior were welcome. Soon it will open as the luxury Hilton brand and be known as the Conrad.

Opening Day Approaches for A Fort Lauderdale Condominium Landmark

As the property get closer to its long awaited grand opening, it was reported that two to of the final court cases against the person whose name was licensed to help sell the project. And whose name is no longer associated with the building, were settled in an appeals court decision, that basically said Mr. Trump has no liability in this project as he was not the developer and clearly indicated this in numerous sales documents. Simply, the people who lost their deposits and attempted to get their money back from the Trump organization, were not going to be able to do so, because if they had read the sales documents clearly they would have known that he was not the developer.
With all this behind the future Conrad Hilton, many in Fort Lauderdale, look forward to the grand opening of this major property on Fort Lauderdale Beach, and hopefully someday people will simply forget and not call this well remembered eyesore of Fort Lauderdale Condos the, T….P Fort Lauderdale!

Fort Lauderdale New Condominiums – 33 Intracoastal – 2895 NE 33rd Court – Coral Ridge Fort Lauderdale

33 Intracoastal – New Fort Lauderdale Boutique Condominium

Artist Rendering of 33 Intracoastal

Artist Rendering of 33 Intracoastal

Thinking about a purchase in the booming Fort Lauderdale Real Estate market ? Purchasing new, pre-construction in a market where land is the non-existent commodity makes for a great choice in Fort Lauderdale Real Estate, and 33 Intracoastal needs to added to your list to visit.  The advantages of buying early include owing a Fort Lauderdale Condominium where everything is under warranty, obtaining the design features you want from day one and of course being part of a community where like minded buyers all purchased their Fort Lauderdale homes at the same time, all ready to enjoy the Fort Lauderdale lifestyle!

Coral Ridge Country Club Fort Lauderdale – New Condominium

Intracoastal 33 is currently under construction at the corner of 33rd Court and the beautiful Fort Lauderdale Intracoastal Waterway. Intracoastal 33 features just 11 luxury Fort Lauderdale Condominium from just over 1800 square feet to 2100 square feet of air-conditioned living space. In addition each of these Fort Lauderdale Condos have a large wrap around balcony with views of the intracoastal. The property sits on 250 of prime Fort Lauderdale Waterfront with direct frontage on the intracostal waterway and a side canal. This Fort Lauderdale Waterfront Condominium  will have boat slips available which will be under control of the association. The property will be per friendly, and each unit owner will have tow garage parking spots. At five stories tall and just 11 untis 33 Intracoastal is truly a boutique Condominium by Fort Lauderdale Condo standards and yet will contain all the Florida lifestyle amenities.

Fort Lauderdale New Construction On the Intracoastal

The Property will have spectacular heated infinity pool, plus a zen garden and lush landscaping. Private elevator access and entry foyer are standard for each unit. Extra storage is included, as is an electric charging station, plus a community golf cart.  Each Fort Lauderdale Condominium at 33 Intracostal will have 10 foot ceilings, and be delivered designer ready. Your team at Eric Miller and Associates, Keller Williams Fort Lauderdale is always ready to help with recommendations to some of the finest interior designers in town to complete your condominium once it is delivered. Ready to start exploring new construction opportunities in Fort Lauderdale, please remember having a local Fort Lauderdale Condo expert represent you in the transaction will cost you nothing, but will serve you will prior to and after closing day. Prior to booking any appointments to view Fort Lauderdale New Construction projects an appointment with Eric Miller and Associates to discuss the Fort Lauderdale Real Estate market and every new construction available will be time well spent. Reach out to the team today at (954) 383-8170 today. or email us at Eric@FortLauderdaleGroup.com

Wilton Manors Home for Sale – 2732 NE 16th Ave Wilton Manors Florida

Back of House DuskWilton Manors Real Estate inventory  is at historical lows and when it comes to truly special property, finding a Wilton Manors Homes for Sale is extremely difficult. Ready for something special in Wilton Manors that’s just what you are about to find at 2732 NE 16th Ave in Wilton Manors FL.  Once a bit of a quick moving cut through street, construction on 16th Avenue in Wilton Manors will be adding a slowing of traffic on the street and making this perfect location even a bit more private. Quick easy access to both Wilton Drive and Oakland Park Boulevard make this the perfect location for people who want the feel of tropical privacy along with the convenience of downtown living.

An interior courtyard with a fountain is truly what many people dream of when they thing of South Florida living and their perfect Wilton Manors Home. A large master suite was added in 1995 and simply was done right making it feel like it was always part of this incredible Wilton Manors home. The stunning courtyard creates separate space between the main house and the master bedroom suite. The fully equipped master bath will not disappoint.

A tropical oasis makes for a beautifully private pool area. Featuring a heated salt water pool this is the perfect spot for entertaining, Ready to open your home to friends and family, the beautifully renovated kitchen with stainless steel appliances, granite counters,  ice maker, and  wine storage just add to this perfect home designed for entertaining. Recent updates include beautiful wood flooring, custom closets and more. Looking for a special, stylish home in Wilton Manors, make sure to ask your Wilton Manors Realtor to call Eric Miller and Associates and show you the incredible home at 2732 NE 16th Avenue in Wilton Manors. You can reach Eric Miller and Associates directly at http://www.FortLauderdaleGroup.com or by calling (954) 383-8170

 

 

415 SW 20th Street Fort Lauderdale – Croissant Park Home For Sale

Fort Lauderdale Home For Sale Just Reduced

Sometimes the cutest cottage on the street in Fort Lauderdale’s Real Estate market can open on architectural surprises and certainly this is the case at 415 SW 20th Street. This Croissant Park home that the team at Eric Miller and Associates Keller Williams Fort Lauderdale is about to bring to market, located at 415 SW 20th Street, Fort Lauderdale, FL 33315 in the South West Section of Fort Lauderdale, will amaze you from the moment you open the front door.

A large living room open to a new kitchen with floor to ceiling cabinetry and high end appliances make you realize that you are in a special property the moment you walk in through the front door. With three fireplaces the beauty and warmth of this home continues throughout. On the main floor there are two bedrooms with plus a large den that would an excellent office or even a third bedroom. Upstairs in your own private world the space opens on a huge master suite, vaulted ceilings, large closets, a master bath, and a fireplace. To the rear of the first floor is one of the largest screened in patio spaces we have ever seen, and another fireplace. The spacious screened room is the ideal place to host family and friends. The screen room is large enough where it easily accommodates both a hot tub and pool table.  

OFFERED AT  $450,000

In addition to the beauty of this Croissant Park home, the property comes with all the bells and whistles. Hurricane glass or shutters to protect all openings, a built in home generator with a 500-gallon propane tank (in case of hurricane you will be the favorite spot in the neighborhood), and two air-conditioning systems one of which is brand new. Offered for sale at $485,000 with over 2500 square feet this home is being offered at under $200 a square foot, a great value in today’s Fort Lauderdale Real Estate market.

Sincerely don’t let the cottage entrance on the street deter you from seeing this amazing property. If you have been looking for a home that truly represents a great Fort Lauderdale lifestyle close to the airport, schools, the courts and downtown Fort Lauderdale 415 SW 20th Street is not to be missed. Call the team at Eric Miller and Associates to be notified as soon as we are able to show this incredible home.

 

3209 NE 42nd Court, Fort Lauderdale – Bermuda Riveria

Bermuda Riviera

3209 NE 42nd Ct. Front view of this remodeled Bermuda Riviera Home

3209 NE 42nd Court,  Fort Lauderdale FL in the Bermuda Rivera neighborhood of Fort Lauderdale, is a Fort Lauderdale Home for sale on a lot of almost 11,000 square feet. It is completely updated with a contemporary flare and still keeps the feel of a Florida beach residence. Siting just a short distance to beautiful Fort Lauderdale Beach.

Located east of the Intracoastal, you will enter the prestigious  community of Bermuda Riviera by the gate house located on 40th Street and A1A.  Heading north on the first street through the beautiful Bermuda Rivera community with sprawling trees, you will head west on North East 42nd Ct to the property, 3209 NE 42nd Court, on the north side of the street. The neighborhood is just across the street from the beach from condominiums of the Galt Ocean Mile.

With beautifully updated landscaping and clean pool deck the exterior of the home is ready for entertaining. The house has all new impact windows. A complete renovation will allow the new owners to fell like they are moving into a new home. Finished with a contemporary designer flare using porcelain, marble, granite, and glass tiles throughout. The selection of beautiful vessel sinks and the addition of a two sided fireplace from the kitchen to the living area truly make this a Florida home worth seeing as you explore todays Florida Real Estate market.Bermuda Riviera – Fort Lauderdale Luxury Home for Sale

 If you are interested in a Bermuda Riviera, and living east of the intercostal in be growing Fort Lauderdale now is a great time to call the listing agent, Fort Lauderdale Realtors at Eric Miller and Associates so you can be one of the first to see the great property. The property is receiving the final touches of this complete renovation and will be available for viewing shortly.

Fort Laudedale Condominiums for Sale – Auberge

Rendering of the future Auberge Fort Lauderdale

Rendering of the future Auberge Fort Lauderdale

Auberge Fort Lauderdale !, the long awaited announcement for the future of the most desirable buildable property  along Fort Lauderdale Beach has been made and by all accounts its has been worth waiting for.  With preconstruction prices at Auberge Fort Lauderdale from at $1.5 to over $9 million, the total of 171 Fort Lauderdale Condominiums that will rise on these four square blocks are destined to become the premiere residences of Fort Lauderdale Beach.

The north tower of this most recent addition to the market of Fort Lauderdale Condominiums just went on sale. Consisting of 17 stories and just 56 units, this tower of the building will house some of he most desirable oceanfront condominiums in Fort Lauderdale. The entire condominium will sit on 450 feet of spectacular Fort Lauderdale beach front.  Condominiums at Auberge range from 1700 sq. feet of over 5000 sq. feet and all have expansive outdoor living spaces ranging from 900 sq. feet to over 4000 sq. feet.  If you have been waiting for the real estate market to come alive in Fort Lauderdale the wait is over as numerous new Fort Lauderdale Condominiums are coming to market. Auberg, with the architecture of Nichols Brosch Wurst Wolfe and Associates is destined to be the new trophy of Fort Lauderdale beach.

The team at Eric Miller and Associates, Keller Williams Realty Professionals, are award winning independent agents and can represent you throughout the buying process at Auberge Fort Lauderdale and all your local real estate needs. Eric Miller can be reached directly at (954) 383-8170 or via email at Eric@FortLaudealeGroup.com

 

Fort Lauderdale Rental Property Owners Beware

Fort Lauderdale Real Estate is a market that has seen the worst over the last five years since its peak in approximately 2006. Notice I say “approximately 2006” as even this, the time frame at which the Fort Lauderdale Real Estate market peaked, remains not a fact and often a subject of debate. Everyone appears to claim to have a crystal ball about the Fort Lauderdale Real Estate market and as far as this Fort Lauderdale Realtor sees it, every one of the crystal ball owners would have sold their property sometime years back, been living in a rental, and purchased a home sometime about a year ago. The reality is that anyone who did was much luckier than they were skillful at timing the real estate market.

The best methods of timing the real estate market is what I refer to as, momentum plays. Simply, this means you have waited for the bottom, missed it, and are investing in the market as it goes up. Likewise, if you see a peak coming you are prepared to react and sell accordingly even though you know as we discussed prior your crystal ball will never select the absolute peak of any market. As with any market the best thing to react to is information. For the owners of Fort   Lauderdale rental properties the information is out that could be generating concern about valuations.

Concern about the value of Fort Lauderdale rental properties comes from a simple fact the true value of an investment is a product of the cash flow it generates. Once we accept this fact it is easy to see that the massive numbers of people who lost homes to foreclosures or short sale over the last few years generated a massive amount of renters, and therefore rents increased throughout Fort Lauderdale and BrowardCounty. This was good news for owners such as myself who held on to a severely upside down property.

Extremely low interest rates called for investors to seek higher returns anywhere they could. The quantity of investors clamoring for the returns that they could get on rental properties drove up the price of these properties. The higher the price, the lower percentage returns. Today rental property prices are very high and unless your rental property is totally unique for some reason, many owners may start thinking of heading for the door, as the supply equation is about to shift.

Armed with facts it is easy to see why rental prices could start falling especially for smaller individually owned properties. First, the cranes are everywhere from State Road 84 to Sunrise Blvd, there are thousands of rentals being built and more to come. Supply and demand is a long proven science. As the supply increases rentals prices will falter. Large rental owners are being very aggressive about ease of entry. No longer asking for first, last and security, tenants with responsible credit can often move in for less than $500. All these events plus the addition of the return of mortgage credit for the people who became renters just two years ago does not bode well for  Fort Lauderdale rental property owners.

If you have a great tenant today, treat them well.  Keep them happy and in place, and this may be the time to not consider rent increases on new leases.

Fort Lauderdale Market Change

A few backs facts of real estate, supply and demand control the market, location is an important issue and the uniqueness of the property will all effect price.
Today we opened a home for the first time for sale at $359,000. We knew we would attract a great deal of attention. After back to back showings we are expecting numerous offers before the end of the day today. Welcome to the new Fort Lauuderdale real estate market where homes are really selling for their value. If numerous buyers are ready to committ to purchase the home we know we have found the correct value. If you have been thinking about buying in Fort Lauderdale now is a great time to reach out to your local Fortt Lauderdale Real Estate expert.

Short Sales in Broward County Follow the Experts

Thinking about doing a short sale in the South Florida area there are some important facts you need to aware of. Many Realtors in South Florida have been trained as Certified Distressed Property Experts and keep up with the changes that happen with bank processes on-going. The success rate of short sales when working with an agent who has successfully completely numerous short sales over the last few years is always going to be better. Simply, experience pays off and it is becoming more and more common to find agents unwilling to take short sales. Understanding when it is not their area of expertise they are often passing on the attempt to provide a service they are not prepared for.

Just starting out, speak to an experienced real estate agent, let them refer you to an attorney and let them explain why they may become an integral part of the process, make sure you discuss with your accountant the strategy of dealing with the tax ramifications of the short sale. Being prepared and knowing the facts will help lead to a successful conclusion.

Are offers starting to show up in your mail box promising you the a “fairy tale” out come. Its simple you cannot leave your bank out of the process, you cannot just walk away, and you should not be asked to pay for services without proven results. Fairy Tales do not exist in the Short Sale arena, but when handled correctly there can be many happy endings.

Recently we have heard the promise “we can do a short sale without any documentation…”. To date we have not been able to find a bank willing to do a short sale with “zero” documentation, some require much less and others require much more. But either way the most common documentation the  bank asks for may be considered a small consultation in exchange for the release of dept and  hopefully any future judgements.

Below we have listed the most common items a bank will ask for when considering a Fort Lauderdale Short Sale, serious about getting this done, take the first step round up the paperwork and contact a Fort Lauderdale Short Sale expert to start the process.

  • Most Recent (2) years tax returns
  • Letter of explanation and the nature of your hardship ( Simply tell what happened but discuss th real estate market)
  • Most recent (2) pay stubs – Profit and Loss Statement in Self Employed
  • Most recent (2) bank statements
  • Letter of Authorization (Permission for your professional to speak to your banks)
  • Estimated HUD-1 (Your team will provide this to show the bank what they will get when they accept the offer)
  • Copy of Listing Agreement
  • Copy of Contract

Each individual bank may has the right to ask for additional documentation, the two most important things to remember are the bank cannot approve the process with out your cooperation and you always have the right to say no to the offer to settle.

Thinking about doing a Short Sale in South Florida – the Team at Eric Miller and Associates is always ready to answer your short sale questions.

 

FEMA’s NEW FLOOD MAP EXCLUDES PARTS OF BROWARD COUNTY

It was announced recently that a new FEMA map has indicated that more than half of Broward County properties including parts of the Fort Lauderdale Real Estate market will no longer be required to carry flood insurance. We sincerely suggest that Fort Lauderdale and Broward County Homeowners do not run out to cancel their flood insurance policy, based on FEMA’s new guidelines.

Property owners in the Ft Lauderdale Real Estate market currently carry three insurance polices, windstorm, flood, and homeowners or liability. The flood policy has always been the least expensive. Should we ever have another weather related disaster it is not hard to visualize insurance companies as they have done in the past arguing if the water in your home came from wind related issues, or rising water? By maintaining both policies you are covered and can allow the insurance companies to argue the issue.

Prior to this change there have already been parts of east Fort Lauderdale that were in what is referred to as X zones, areas that did not require flood insurance. There are areas of Victoria Park, and even areas east of the intracoastal near the beach that were not included as flood zones. Prudent property owners in these areas have always carried flood insurance, and some condos in these areas have been forced to purchase insurance by prudent lenders.

If you are in one of the areas where flood insurance is no longer required we would suggest you think twice and keep the policy and hopefully by calling your insurance agent the policy can be rerated to even a lower cost. Any questions, give your insurance company a few weeks to receive the new guidelines and give them a call.