Boca Chase Homes 2018 First Half

Boca Chase entrance; image by Google.

Boca Chase includes two areas of single family homes to the west and east along with some 55+ senior communities in the middle.

Western Boca Chase

Thirteen single family homes sold in the western part of Boca Chase with prices ranging from a high of nearly $460,000 down to $265,000. This section of Boca Chase has less reported crime, perhaps because it’s further back or maybe criminals fear getting trapped in a place with only one way out. It’s one of the safest non-gated communities in West Boca and offers some great bargains for buyers.

The western section of Boca Chase with single family homes. Image and map data by Google and MLS service.

Two somewhat larger houses sold for $450K or more. 11061 Lakeaire Circle in Impressions III closed at $459,000 with four bedrooms in 2700 square feet. The house was fully renovated with some nice features in the kitchen including a deep sink and a wine refrigerator. Selling at $450,000 even was Coral Bay’s 18116 Blue Lake Way, also a four bedroom with an extra full bath in 2800 square feet. This one had fewer updates but a waterfront lot.

11061 Lakeaire Circle; image by Google.

A total of five homes sold in Impressions I, with three-bedroom 21421 Millbrook Court selling for the most at $415,000. That house took over 7 months to sell but the patient seller was rewarded with a good price for only 2100 square feet.

The low end prices were both in the Impressions subdivisions. At bottom was 21271 Sawmill Court, a foreclosed bank-owned 1900 square foot 3-bedroom that needs some work. Also below $300,000 was 11225 Jasmine Hill Circle, a 3-bedroom with 1700 square feet with a barebones listing from a Miami realtor indicating that the house needs TLC and upgrades.

Other than those two troubled homes, the floor in the western part of Boca Chase seems to be around $350,000. 21230 Sawmill Court sold for $350,900 with only two bedrooms in 1700 square feet. It did have some nice remodeling.

Eastern Boca Chase

The eastern section of Boca Chase is mostly single family homes with a small section of townhomes, though no townhomes sold in the first half of 2018.

The eastern part of Boca Chase. Image and map data by Google and MLS service.

Only one home sold over the $400K mark, 18484 102nd Way S in Bentbrook. It’s a four bedroom with 2300 square feet and it sold in just three days. The house is in an odd location, backed up the Florence Fuller center.

18484 102nd Way S; image by Google.

A few homes sold in the upper 300s. 10173 182nd Court S in Barrington went for $390,000 with four bedrooms in 2000 square feet. That house had extensive remodeling with some nice finishes, though the black kitchen appliances may have clashed for some buyers. It took three months to sell.

Two more of those homes sold in Bentbrook. 10331 186th Court S ($381,150, 3 beds, 2500 sq.ft.) and 10377 185th Street S ($380,000, 4 beds, 2300 sq.ft.).

The lower end held up better than in western Boca Chase with two smaller 1400 square foot houses in Hidden Lake selling for $318,000 and $310,000. Nothing sold below $310K, but there were no REO or short sale transactions.

Boca Vista

We include Boca Vista in our Boca Chase report. It’s a small gated community of thirty homes. 10184 Boca Vista Drive sold for $385,000 with three bedrooms in 2000 square feet.

Boca Chase 55+

Twenty homes sold in the senior parts of Boca Chase with prices from $164,000 to $265,000.

Map showing senior community area of Boca Chase; image and map data by Google and MLS.

The top prices for these active adult communities were in Greenbriar and Sweetwater. 10537 Greenbriar Court was the highest at $265,000 for the three bedroom with 1800 square feet. 10981 Lakemore Lane A in Sweetwater sold for $260,000 with two bedrooms in 1550 square feet. Nothing in these two communities sold for less than $205,000, with a total of thirteen sales.

Waterberry peaked at $195,000 for 10863 Waterberry, a two bedroom with 1400 square feet. Seven units sold with the bottom being two 1400 square foot villas at $164,000 and $165,000.

Lakes at Boca Raton $300K to $500K – First half of 2018

Roundabout on Cain north of Yamato in Lakes at Boca Raton; image by Google

Ten single family homes within Lakes at Boca Raton sold in the first half of 2018 along with three townhomes and three villas. The single family home prices ranged from just over $300,000 for a foreclosed three bedroom to $492,500 for a four bedroom in Harbour Lakes with 2400 square feet. Townhomes and villas ranged from $200,000 to $242,500.

Single Family Homes

10738 Seacliff Circle sold for $492,500; image by Goole.

Harbour Lakes had the three top sales for the first half of the year. The biggest was 10738 Seacliff Circle at $492,500 for this four bedroom in 2400 square feet. Features include extensive remodeling with gorgeous floors, a screened-in pool and a large lot with lake view. 10756 Sea Cliff Circle, the same model just around the corner without the remodeling, sold for $435,000.

Two somewhat smaller four bedrooms homes sold in Cypress Bend for $412,000 (2100 square feet) and $400,000 (1900 square feet). Three homes sold in the mid-300s, one each in Pelican Cay, LaCrosse and Symphony.

10696 Plainview Circle; image by Google.

The two lowest single family prices were in Port Cayman. 10696 Plainview Circle sold for $320,000 with three bedrooms in 1500 square feet. It took seven months to sell. Reading the phrase “everything is immaculate” in the listing and then looking at the photos may have caused cognitive dissonance for some prospective buyers.

Townhomes and Villas

The highest price for townhomes was $242,500 for 10274 Riverbend Terrace 14B, a three bedroom unit with just over 1200 square feet. It was the largest unit sold so far this year. All the rest were two bedroom units with 1100 square feet or less. A few doors down the villa at 10282 Riverbend Terrace sold for $220,000 with just 1000 square feet.

The low end was 10324 Windswept Place, the same model villa that sold for $199,900.

Prices Down in The Shores

Entrance to The Shores; image by Google.

Prices fell sharply in The Shores for the first half of 2018 with an average of $496,000, down nearly 7% from the $531,000 average in 2017. This was largely due to the size of homes in the transactions as the per square foot price held steady at $171.

Eleven homes sold at a 22/year pace, a bit faster than the 19 transactions for 2017.

Shores at Boca Raton on map; image and map data by Google and MLS service.

Five of the eleven transactions were over $500,000 or more, peaking at $551,000 for 11301 Sea Grass Circle, a four-bedroom with 3100 square feet all on one floor. The house includes a bonus second kitchen. Right behind that at $550,000 was 18576 Ocean Mist Drive, a six-bedroom with 3400 square feet on two floors.

Three 2900 square foot homes clustered in price just under $500K with two selling at $495,000 and one $493,000.

At the low end two smaller houses sold not far over $400K. The 2100 square foot three bedroom at 11484 Sea Grass Circle sold for $422,000, while 11435 Sea Grass Circle sold for $407,000 with four bedrooms in 2300 square feet.

On the bright side the houses are not taking as long to sell, averaging less than two months on the market. That statistic can be misleading as a few of the homes sold only after earlier listings failed. For example 11090 Blue Coral Drive sold on its fourth listing after it first went on the market in March of 2017.

The Shores remains somewhat saturated with 10 listings or about 3% of the homes in the development. That level of seller competition makes it a bit easier for buyers to find a deal.

Saturnia Prices Continue Decline in 2018 First Half

Saturnia entrance; image by Google.

Saturnia continues to be a luxury buyer’s bargain. The average price through June of this year fell to $619,000, down from $630,000 in 2017 and $638,000 in 2015. The first half of 2018 saw an increase in the pace of transactions with 21 homes sold. This is on pace for 42 transactions for the full year, up from 33 in 2017 and 23 in 2016. The community is now slightly more saturated than before with 14 homes listed, which is 3.4% of the community.

Three homes sold for over $700,000, while only one sold below $500K. As usual for Saturnia most of the higher prices were for houses over 4000 square feet. The highest price was $735,000 for 19329 Skyridge Circle, a 5-bedroom, 4-bath in 4100 square feet over two floors that sold in just two weeks. It’s gorgeous. On the outside it has an extra-large backyard thanks to a large lot (2/5 or 0.4 acre) and large covered patios on both floors overlooking the swimming pool and hot tub. Inside has all the right touches including a loaded kitchen – extra large refrigerator, double oven, all in stainless with granite and upgraded tile floors.

Not far behind was 19534 Saturnia Lakes Drive, selling for $730,000 with a much larger 4700 square feet. This is another gorgeous house with an over the top backyard including outdoor kitchen and an amazing pool with waterfalls and a slide.

Saturnia sales map for first half of 2018. Image and map data by Google and MLS service.

Both of those homes sold in less than a month. By contrast 11755 Bayfield Drive is smaller and took over 7 months to sell, but the price of $720,000 for 3500 square feet was a better deal for the patient seller. The house does not have all the features of the two others, but it is on one floor and has a lake view.

A total of 14 homes sold for $600,000 or more, all with at least 3100 square feet.

Most of the homes selling below $600,000 were 2700 square feet or less, though 11747 Bayou Lane sold for $545,000 with over 3300 square feet. This may be another example where hiring Miami-based realtors did not help the seller. This was the third listing since it first went on the market in 2016, all three with Miami realtors. It took about 18 months to finally get it sold and the price was well below market value, despite extensive renovations.

At the low end, 19101 Skyridge Circle sold for $515,000 with 2800 square feet. 19150 Skyridge Circle sold for $500,000 even with 2700 square feet, and 19681 Estuary Drive was the bottom at $465,000. All three are four-bedroom models.

Home Prices Cool Off in Boca Greens – First Half of 2018

Boca Greens entrance from US-441; image by Google.

Boca Greens home prices stopped rising. The average price in the first half of 2018 was $415,000, down 1.1% from 2017. Over the past few years prices have been going up for various reasons, but they may finally have hit their peak.

The pace of transactions continued with 25 sales in first half of 2018, dead on with the rate of 50 per year from last year. The top price of $484K is well below the 2017 high of $650,000. Last year three homes sold for over $500,000.

There’s good news at the low end. The lowest price was $308,000, well above the two homes that sold last year at $255,000 and $260,000.

10440 Canoe Brook Circle sold for $484,500. It’s a four bedroom, three bath home in 2500 square feet. Next was 10370 Camelback Lane, also 2500 square feet, at $472,000.

The biggest home was 10447 Canoe Brook Circle with 2800 square feet. It sold for $457,500, after nearly 8 months on the market. Three other homes sat on the market even longer with one taking over 450 days. This pushed the average “days on market” to 106 days. Taking out those four houses dropped the average to 64 days (just over two months).

The low end was comprised of smaller 1500 square foot two-bedroom houses. 10066 Camelback Lane sold for $308,000 and 10150 Camelback Lane for $325,000. A total of 8 houses sold under $400,000.

Prices Down in Boca Isles – Home Sales for First Half of 2018

Boca Isles sign; image by Google.

28 houses sold in Boca Isles in the first half of 2018, 18 of them in Boca Isles South. None were over $700,000 though 7 of the sales were for over $600,000. In 2017 four homes went over the $700K mark. The low end was also lower with two homes selling under $400,000, compared to one for all of last year. The average price for all of Boca Isles was $531,000, down 2.4% from last year. The number of sales this year is also a little lower so far, while houses still average getting to contract in just over two months.

Boca Isles South

The four highest prices were all in Boca Isles South. All four have five bedrooms and 3200 or more square feet, and the top price went to 10897 Bal Harbor Drive at $695,000 with 3400 square feet.

Also above the $600K mark was 20111 Palm Island Drive at $623,000 with five bedrooms in only 2800 square feet, all on one floor.

Six homes sold in the 500s from $520,000 up to $580,000. 10611 Saint Thomas Drive sold for $555,000 with four bedrooms and three baths in 2900 square feet in a two floor model.

It was a big drop from there to the next group of four-bedroom houses selling from $414,500 up to $439,000. Three of the five were bank-owned foreclosures. Three of these lower prices were for the 2300 square foot four bedroom model. Keep in mind that last year we sold one of these models for $480,000.

Warren’s listing at 19641 Biscayne Bay Drive sold in 2017 for $480,000.

The bottom price was $369,000 for another bank-owned 4-bedroom, though with 2900 square feet. Also under $400K was 19832 Dinner Key Drive, another four bedroom in 2300 square feet, which sold for only $376,210 despite a complete remodel. That’s over $50,000 less than the nearest comparable sale. The house was listed by a Miami Realtor and the photography was terrible.

Boca Isles North

Entrance to Boca Isles North; image by Google.

There were 10 sales in Boca Isles North in the first half of 2018. Two sold above $600K. With five bedrooms in 2800 square feet on one floor, 10863 Japonica Court closed at $630,900. The house has a somewhat larger than usual backyard and had undergone some remodeling.

19433 Black Olive Lane sold for $610,000 with four bedrooms in 2700 square feet on two floors. The house has been off and on the market since 2014, was foreclosed in 2015, and then underwent a complete renovation including a new roof in 2015, but still took three years and substantial price drops to get sold.

A five bedroom, 3000 square foot model at 10752 Maple Chase Drive sold twice in three months, first for $565,000 in January and then for $584,000 in April. This is an odd thing we see once in a while, and it’s funny to see how different listings of the same house have different details including year built and HOA fees.

Three more houses sold in the 500s from $520K for a 4-bedroom with 2700 square feet to $560K for a 4-bedroom with 3000 square feet.

Two more 4-bedrooms sold in the high 400s ($475K and $489K) with around 2700 square feet each. And the lowest price in Boca Isles North was $412,500 for that 2300 square foot 4 bedroom model at 19400 Preserve Drive.

Lexington Estates and Paraiso 2018 Home Sales – First Half

Lexington Estates entrance; image by Google.

Lexington Estates

Prices are up in Lexington Estates, where nine homes sold in the first half of 2018. The top and bottom prices are above what they were in all of 2017. Still even the houses that sell well are getting less per square foot than comparable homes in similar gated communities.

One house broke the $500K mark. 22299 Tupelo Place sold for $510,000, with 4 bedrooms and 2 1/2 baths in 3000 square feet. The updated kitchen and some other nice features helped it sell in just one month.

On same cul de sac, the much smaller 22286 Tupelo Place had the low price at $375,000 with 3 bedrooms and 2 baths in only 1800 square feet. It has one of the best lot locations in the neighborhood but the house was in sore need of updates throughout. Only one other house sold for less than $400,000 and it was a bank-owned foreclosure.

Six of the nine houses sold for over $450,000. Going for $475,000 was 22176 Braddock Place, a 5-bed, 3-bath model with 3000 square feet and some high end features like marble floors. With all that it’s still less than $160/sq.ft.

Lexington Estates and Paraiso are on the west side of US-441 south of Palmetto Park Road. Image and map data by Google.

Paraiso

The number of sales has increased dramatically in Paraiso (formerly known as Allegro). Seven homes sold in the first half of the year, up from six in all of 2017. There was only one sale under $300K (compared to 3 last year) but the high price was much lower as well.

Paraiso entrance; image by Google.

10130 Fanfare Drive sold for $340,000 with 4 bedrooms and 2 1/2 baths in 2100 square feet. All the other homes that sold were much smaller, most under 1500 square feet.

10266 Allegro Drive sold for $330,000 with 3 bedrooms and 2 baths in 1450 square feet.

The lowest price was $290,000 for 22280 Tempo Way. The 3-bedroom with 1700 square feet is the closest house to the main gate and was due for some updates. It took over 8 months to sell. All the other houses sold in less than 2 months and most in 3 weeks or less.

Palmetto Pines and Boca Springs Home Sales 2018 Through June

10291 W Sunstream Lane sold for $435,000; image by Google.

There were 18 home sales in the first half of 2018 in Boca Springs and Palmetto Pines. Two houses in Boca Springs sold for over $400,000, while Palmetto Pines topped out at $375,000.

Boca Springs

Sellers in Boca Springs are getting more for their homes this year so far.

10291 W Sunstream Lane, pictured at top, has 4 bedrooms and 2 /12 bathrooms in 2300 square feet. The new roof and extensive remodeling helped it sell in 6 weeks for $435,000.

10880 Fox Glen Drive sold for $419,000 with 4 bedrooms and 3 bathrooms in 2700 square feet after more than 5 months on the market. The house was also extensively remodeled, but non-neutral design choices may have affected the sale.

The smaller 10711 Palm Spring Drive sold for $341,000 with 4 bedrooms and 3 bathrooms in 2200 square feet. The listing text described remodeling but the photos did not show that well.

Two homes sold below $320,000. One was a bank-owned foreclosure, 11172 Sandpoint Terrace, sold for $319,000 with 3 bedrooms in 1900 square feet. And 10303 Boca Springs Drive, with only 1600 square feet, sold for $315,000.

Palmetto Pines

22074 Greenwich Court E sold for $375,000; image by Google.

Palmetto Pines saw 13 sales in the first half of the year. At the top was 22074 Greenwich Court E with four bedrooms and two bathrooms in 1750 square feet all on one floor. The house sold in just 9 days, likely helped by professional photography that showed off the remodeling, lot size, pool and other features. Photography included multiple photo sessions and HDR software.

Two other homes sold for $350K or more. 22317 Boulder Street went for $359,900 with four bedrooms and three bathrooms in 2000 square feet, while 11178 Delta Circle was $350,000 even with three bedrooms and two baths in 1700 square feet – selling in just two days.

All but two of the remaining homes sold for over $300,000. For example 10901 Granite Street netted $327,000 with 3 bedrooms and 2 baths in 1450 square feet.

Second from lowest was the 1100 square foot house at 4562 Ararat Street, selling for $293,000. The lowest, at $267,000, was 4747 Betelnut Street, a bank-owned foreclosure.

Palma Vista and Avalon Home Sales 2018 First Half

Five homes sold in Palma Vista and two in Avalon in the first half of 2018. They seem to be moving slower as they all took over two months to sell and five of the seven took over 100 days, and prices seem to be down.

Palma Vista

The highest price for both neighborhoods was $655,000 for a 6 bedroom, 3700 square foot two story at 21074 Bella Vista Circle in Palma Vista. The house had been rented out the past couple years. Overall Palma Vista home prices seem down a bit. It’s possible that the new “Uptown Boca” development to be built just northeast of the community is affecting values but we’re not sure if that’s it. Two of the homes were bank owned foreclosures. One of them sold for only $372,000 with 4 bedrooms and 2800 square feet all on one floor.

The other foreclosure was a large 3800 square foot house that sold for only $546,000. The best deal for a seller was 9736 Palma Vista Way selling for $526,000 with just 2500 square feet.

The community has a location with unique benefits, in particular the ability to walk into the Jewish Federation campus for the Jewish schools and JCC.

Avalon

21830 Cypress Palm Court sold for $585,000 with 5 bedrooms in 3550 square feet. The house has deluxe finishes in the kitchen and at least one bathroom.

9786 Parkview Avenue sold for $580,000 with 5 bedrooms in 2900 square feet. The interior is a mix of recent upgrades with some dated features like flooring and windows.

Boca Pointe Real Estate – Mid-year report for 2018

Boca Pointe entrance from Powerline Road; image by Google

157 homes sold in Boca Pointe in the first half of 2018, including 57 single family homes, 29 townhomes and villas, and over 70 condominiums. Pricing varied widely from $150,000 at the low end of the condos up to $800,000 at the top of single family homes.

Those shopping for homes need to be careful as a few listings misclassify townhomes and villas as condos or vice versa, or the homes don’t neatly fit into either category and the listings aren’t clear about it. We’ve seen this in other communities as well.

Boca Pointe is subdivided into several “villages” as shown on their map, below:

Boca Pointe village map.

Single Family Homes

$800,000 was the top price in Boca Pointe in the first half of the year. 7154 Montrico Drive in Encantada (south of SW 18th) is a 4 bedroom, 4 1/2 bath house with 3900 square feet all on one floor. It has some nice features including a kitchen that’s over the top. The backyard has a screened in pool faces the Hillsboro Canal and county line.

The top 9 house sale prices were in Encantada and Esplanada down to $575,001 (yes, apparently someone negotiated to a single dollar like that). The second highest price was $722,500 for 22599 Esplanada Circle W, with 5 bedrooms and 4 baths in 3750 square feet on two floors. While it’s 33 years old, it looks modern and appears to have undergone substantial remodeling.

Houses in three other “villages” of Boca Pointe also broke the $500K mark including $555,000 for a 2800 square foot 3 bedroom in La Corniche, $530,000 for a 5 bedroom with 3000 square feet in Villa Flora. Two smaller houses in Palomar, right next to Esplanada, went for $515,000 (2400 square feet) and $500,000 even (1950 square feet). The latter looks like it was recently refreshed to sell the house. In total 15 houses sold for $500K or higher.

22 houses sold in the 400s spread over most of the single family villages. Among those the largest was a 2700 square foot 4 bedroom in Costa Brava that sold in just one week for $470,000. 6262 Brava Way is a two-story that had a dated interior but a good location with a large lot and views of the Hillsboro Canal. On the small side was 23105 Via Stel, an 1800 square foot 3 bedroom in great condition located in tightly packed Villa Stel.

Only one house sold for less than $300,000, 7338 Panache Way, at $280,000. It’s a 3-bedroom with 1900 square feet.

Townhomes and Villas

While most of the highest prices for townhomes and villas were in the new Pointe 100 section, some large ones in El Dorado Court also sold well. The top price went to 22806 El Dorado Drive in El Dorado Court, at $601,400. It’s a 4-bedroom townhome with over 3600 square feet. The even larger 22879 El Dorado Drive sold for $525,000 with 4 bedrooms and 5 bathrooms in nearly 4000 square feet.

Several Pointe 100 homes sold including 6712 Quiet Wave Trail 46 at $597,500. That model has 2200 square feet with 3 bedrooms and took over 5 months to find a buyer. A similar model at 6657 Quiet Wave Trail Unit #98 sold for over $100,000 less at $493,447. The low price for that section was 22954 Clear Echo Drive 29 at $459,000 for a 4 bedroom 2400 square foot model. The website indicates that Boca Pointe has sold out.

In the low 400s, another large El Dorado model sold for $410K while a villa and a townhome in Caravelle sold for $425K (2600 square foot villa) and $405K (2400 square foot townhome).

Two townhomes and a villa sold in the 300s, all close to 1700 square feet with prices from $320,000 to $350,000. Two were in Meridiana and one was in Plum.

13 units sold for prices below $300,000, down to $210,000 for a small 1100 square foot townhome in Plum.

Condominiums

Condo prices were mostly between $150,000 up to $395,000. There was one outlier on the high end with 7235 Promenade Drive unit 601 selling for an even $500,000 after nearly 5 months listed. The 3200 square foot 3-bedroom is fully renovated with nice finishes. Two floors up in the same Imperial Royale building the penthouse model #801 is 3400 square feet but with a dated interior. It sold for $395,000 in less than a month.

Other buildings with units selling for $350,000 or more include Promenade and Regency near the clubhouse. Also on the east side of Powerline 22760 Mandeville Place F in Montego Bay sold for $362,500, listed as a condo but it’s a second floor unit in a 2-story low-rise building that looks more like a townhouse, and includes a 1-car garage.

Ten units sold between $303,000 and $330,000 with sizes varying from 1600 to 2500 square feet in Promenade, Regency, Montego Bay, Villa Sonrisa, Southwinds and Lakes at La Paz.

Between $250,000 and $290,000 there were another twelve units, mostly in the same sizes but with two in La Paz as low as 1300 square feet. 7448 La Paz Place 204 was fully renovated and the 2 bedroom, 2 bath model with 1323 square feet sold in 2 1/2 months.

The biggest number of units – over 35 of them – sold between $200,000 and $247,500. Many of these are in La Paz but the group also includes Villa Sonrisa, Promenade, and Plum. Most of these are smaller, generally 1600 square feet or less with a few exceptions. 7546 La Paz Boulevard 205 is a typical unit at just over 1550 square feet with 3 bedrooms and 2 baths and some limited upgrades. It sold for $229,000 after just over six months on the market.

At the low end 16 units sold for prices below $200,000. All of them were under 1600 square feet with some as small as 1100 square feet, most in La Paz, Plum and El Viento. 6683 Via Regina and 6666 Via Regina in Plum each sold for $190,000, both 2 bedrooms with less than 1200 square feet on the second floor.