Beachfront condo at the Summit

Oceanfront condo, with magnificent views of the ocean and the intracoastal.  Walk through the floor-to-ceiling sliding doors, and you are  on your private terrace, with views to the south and the west.  The scenery is always interesting:  from beach bodies, to the marina, pelicans flying overhead, or magificent sunsets over the bay.

Resort-style living on Hollywood Beach.

We love this condo because it’s spacious and airy, features a lovely kitchen with high-end stainless steel appliances, and…. you just have to see it for yourself.

Totally updated, with a new modern kitchen, new floors, new cabinets:  move in to a 2 Bedroom 2 Bath corner unit with amazing water views. Click the link to view the photo album:

http://picasaweb.google.com/ewindheim/Summit1212S?feat=directlink

Condo on the Beach

Now, you can buy a 2 bedroom 2 bath oceanfront condo for $279,000 or  under $170/sq. ft. at this newly reduced price.

Unit 608 at the Summit has views of the intracoastal and the ocean, and is located steps from Hollywood Beach and the Hollywood Broadwalk.

The condo has

• a split-plan
• 2 large master bedroom suites,
•  in unit washer/dryer,
• hard wood floors,

and many, many amenities.

Without a doubt, best deal on the Beach!

intracoastal view

• Largest 2 bedroom, 2 bath with a South exposure
• Corner unit with approximately 1700 sq ft
• New tile floors
• Window treatments
• Huge master bedroom suite
• Walk-in closet
• in-unit laundry room

ocean view from your balcony

We have a new listing at the Summit:  unit 1612 south,  1201 South Ocean Drive in Hollywood Florida.  This is a 2 bedroom, 2 bathroom corner unit in 1700 sq ft of living space with fantastic panoramic views of the ocean and the intracoastal.  Facing south, it gets lots of light and, with windows on 2 sides, it has unobstructed views of beach and bay.  And it’s in move-in condition with many upgrades:

• Marble floors, granite counter tops and stainless steel appliances in the brand new kitchen,
• renovated master bathroom and walk-in closet,
• separate laundry room and foyer,
• smooth ceiling finishes with crown moldings.

The Summit Towers is a stable, financially sound building, featuring many amenities:

• 2 large heated pools
• poolside restaurant (not just a snack bar but a full service restaurant),
• 2 tennis courts, shuffleboard and golf putting and driving court,
• fitness and library,
• 24 hour security
• ample, free guest parking
• situated at the gateway to the re-furbished Hollywood Broadwalk

True resort-style living at a highly desirable location, is what Ocean Palms is all about.  Within 15 minutes is the Fort Lauderdale airport, Aventura Mall, Bal Harbor shops, golf courses, downtown Hollywood and the recently refurbished Hollywood Broadwalk.

STATISTICS

There are currently 47 condos listed for sale as follows:

2 bedrooms            10 units           from $540k – 789k

3 bedrooms             32 units          from $599k – 1,935k

4 bedrooms              5 units            from $1,350 – 1,995k

In 2009, to date  there have been 6 sales – 5 of 3 bedrooms and 1 of 2 bedrooms.

Ocean Palms is the top luxurious beachfront property in Hollywood Beach.  If you would like more information please contact the Real Estate Orange.

With a $30 million renovation completed in 2004, the Wave (2501 South Ocean Drive) became one of the newest jewels on the Beach and remains one of the best buys in South Florida for a number of reasons:

The Wave has low maintenance fees and, because of fewer short sales and foreclosures than in most of the newer properties,  it is a safer investment

This Renovation Has Many Upgrades

• Spacious units are fitted with impact glass (you don’t have to have shutters),  washer/dryers, and beautiful new kitchens

• The complex offers resort style living, with a state-of-the-art fitness center, fabulous Olympic size swimming pool, and same-level access to the beach.

• Hollywood Beach has been consistently rated as one of the top 10 in the US

• There are currently 58 condos for sale out of a total 550:  a little over 10% makes for a relatively stable building.  Right next door and sharing the same beach, is the Hollywood Trump Tower, soon to be completed where units start at over $1.5 million.  The highest price at the Wave is just over $600 k.

Call me for more information: 954-673-7136

email: windheim.e@ewm.com

view of the intracoastal

Foreclosure, pre-foreclosure, short sale:  these are the tags that many bargain driven buyers are looking for.

Not a foreclosure, not a pre-foreclosure, not a short sale:  these are the phrases that some realtors use to describe a really good deal, when the seller doesn’t have a mortgage.  And those are the phrases that savvy investors should check out.  For example, the newly listed condo at 1201 South Ocean Dr,  The Summit Towers, unit 612 N.   Outstanding features such as :

• oceanfront 2 Bedroom 2 Bath with large private balcony, 1700 sq. ft
• spacious corner unit, with views of the intracoastal and the ocean
• totally renovated, marble floors granite kitchen counter tops, stainless steel appliances
• outstanding amenities: 2 heated pools, steps to Hollywood Broadwalk

FOR ONlLY $339,000!

But are there regional differences, or are all communities alike? Are there pockets of opportunity for the savvy buyers & sellers?

Using the graph as illustration, showing sales of waterfront condos in Hollywood, in particular those within the 33019 zip code, it is possible to focus on one area’s listing/sale ratios. Looking at the condo market priced between $250 to $600,000, I was surprised to discover that, although the average sales price had been trending down since last July, it had started to move from March/April in an upwards direction.

Does this mean the correction is flattening out, at least for this area, spelling GOOD NEWS for sellers, and a Call for buyers to ACT NOW.

To negotiate these murky market waters, it has never been more important to have the benefit of the expertise of a real estate professional. For further discussion on market data, please feel free to contact me at:

Ellen Windheim
windheim.e@ewm.com