Compared to Boca Winds, homes in Boca Falls seem to be selling slower but still for good prices.
Three homes in Boca Falls have sold for over $600,000 since the start of the year. 21431 Gosier Way (above) sold for the most at $665K after over 3 months on the market. The house has 5 bedrooms and 3 1/2 baths in almost 3400 square feet, with a number of significant upgrades inside and out. While it looks good, it’s still well below the market peak as the home’s previous transaction was for $785K in 2006.
At $605K, 12299 Riverfalls Court just closed a few days ago. It was on the market for over 7 months. The 5 bedroom, 3 bath model, 3200 square foot model on 2 floors is one of the most popular in Victoria Falls. The home has a larger lot and is on the edge of the cul de sac.
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Another transaction for the same model is pending several houses down, for roughly the same price and a long time waiting for a buyer. That one hasn’t closed yet but the inspection appears to be complete.
12361 Rockledge Circle sold for $604K at the end of March, unusually fast in only 10 days. It’s a 5 bedroom on one floor in 2800 square feet (the kid closets are small). The model is widely seen in its Mystic Cove subdivision.
All of the $600K homes have water views and private pools.
Moving into the $500K range, 12215 Kenton Way sold for $570K after 7 months on the market. The house has 5 bedrooms and 3 baths in 3100 square feet on one floor. This was a short sale and the house has no waterfront.
21426 Gosier Way sold for $560K in 4 months. It has 4 bedrooms and 3 baths in 2700 square feet on one floor, with a pool but no waterfront.
12307 Rockledge Circle sold more quickly, in just over one month. At 4 bedrooms and 3 baths in 2400 square feet it sold for $550K. It’s small for Boca Falls but has an extended lake view, screened-in pool and significant upgrades.
Selling for $545K after 4 1/2 months was 21480 Halstead Drive in Majestic Pointe. It has 5 bedrooms and 3 baths in 3300 square feet, and a pool but no waterfront. And nearby on Gosier Way, the same model at 21329 Gosier Way sold for just $500 less, with waterfront but no pool. This looks like the buyer got a good deal and the sellers could gotten significantly more if they had been more patient, selling in only 40 days.
Further down in price, 12646 Torbay Drive sold for $510K after 3 months on the market. The home has 4 bedrooms and 3 baths in 2700 square feet on one floor, a pool and a waterfront view. It’s also one of the shorter walks to the nearby top-rated Waters Edge Elementary School. While the house could use some upgrades (dated appliances), this price seems well below market value. The sellers used a “flat fee” broker and their listing photos were cheap with poor lighting.
21407 Gosier sold for just under $500K. The seller was a bank which acquired it out of foreclosure, which typically means a much lower price due to problems in the house. The 5 bedroom, 3 bath home has almost 3400 square feet.
Last and also least, 12730 Yardley Drive sold for $445K in a month and a half. This is one of the smallest homes in Boca Falls with 3 bedrooms and 2 1/2 baths in 2500 square feet and only 2 garage spaces.
Boca Winds is a large community west of 441 on Palmetto Park Road. Community amenities include a clubhouse, basketball and tennis courts, a pool and sidewalks. Students attend Waters Edge Elementary School, Loggers’ Run Middle School and West Boca Raton High School.
The home at 21846 Philmont Court sold for $435,000 in only 13 days on the market. Located in the Monterey Bay subdivision, it has 4 bedrooms and 2.1 bathrooms in 2280 sq. feet of living space.
This home boasts panoramic lake views and Brazilian Cherry floors. The remodeled kitchen has quartz counter tops and Mexican Talavera accent tiles as well as stainless steel appliances and a wine cooler. The master bath has a beautiful stand alone tub and a frameless shower. Built in 1994, it sold for $322,000 in 2015. Two smaller homes nearby on Philmont, a 3-bedroom for $315K in only 3 days, and a 4 bedroom for $360K in 36 days.
The ranch at 22167 Appleton Drive sold for $381,000 in only 19 days. It has 4 bedrooms and 2 full bathrooms in 2022 sq. feet of living space. The home features soaring ceilings and porcelain floors. The master bath has a frameless shower and large separate tub. There is an open floor plan which overlooks an in ground pool and private backyard. Previously purchased for $220,000 in 2001, its original sale price was $147,500 in 1989.
The contemporary ranch at 22633 Middletown Drive sold for $310,000. It has 3 bedrooms and 2 full bathrooms in 1924 sq. feet of living space. There is an open and spacious split floor plan.
The covered screen patio overlooks a tropical fenced in backyard. Built in 1988 for $124,000. This listing did take over 3 months to sell, possibly because of the less desirable lot location and the listing’s indication that the home needed upgrades (dated kitchen and bathrooms).
The two story home at 12689 Tucano Circle sold for $522,500. Typically for more expensive homes, it sat on the market for longer – over 3 months. This waterfront home is located in the Waterways subdivision and has 5 bedrooms with 2.1 bathrooms.
There is 2890 sq. feet of living space. Located on a quiet cul de sac, this pool home has lots of upgrades. There is a new kitchen with granite counter tops, wood cabinets and top of the line stainless steel appliances. The bathrooms have also been remodeled. A large pool and deck is screened in. Built in 1995, it was sold for $390,000 in 2016.
The large home at 12680 Little Palm Lane sold for $500,000. It has 4 bedrooms and 3.1 bathrooms in 3253 sq. feet of living space. This remodeled home has a large foyer entry and solid hardwood floors.
The kitchen has a large island and top of the line appliances. All the bathrooms have been remodeled. A unique feature is a home theater with recliners. The pool and yard overlook the canal and the front has views of the lake. There is also a 3 car garage. Built in 1999, it was last purchased for $300,000 in 2010.
This one was on the market for over 6 months. A similar model on Little Palm sold for $512K in just 60 days.
Other sales of note include:
12304 Saint Simon Drive, $480K, 4 bedrooms, 3 1/2 baths in just under 3300 square feet.
Home prices rose in Mission Bay last year, including houses, townhouses. The average for single family homes broke through the $400,000 level rising to $412K from $390K in 2015. Measured in dollars per square foot the increase was nearly 9% over the previous year.
The increase was more dramatic for townhouses (including villas) with the average rising to $271K, up 15% from $235K in 2015, though it was only 8% up when measured in dollars per square foot.
As we are seeing with a lot of other neighborhoods, the low end is rising. In 2015 there were six single family transactions at $300K or less. In 2016 there were only two. There was movement on the high end as well but the difference was not as dramatic.
Single family home transaction prices ranged from $255K to $565K. The $255K house was an anomaly, with the next transaction at $295K. The four highest prices were all in the gated Isle of Mission Bay subdivision and the top 9 were all on the north side of Glades Road.
Townhouse and villa prices went from a low of $232K (2 units) up to a high of $307K. Unlike 2014 and 2015, two units sold for over $300K and no units sold for less than $200K.
Mission Bay homes are zoned for Sandpiper Shores Elementary, Loggers’ Run Middle, and West Boca High School. The sections north of Glades Road are in zip code 33498, while the southern part is in 33428.
There were no REO or short sale transactions in 2016. We excluded those in previous years from our analysis. We looked at condo transactions but there were only a few in the past 3 years and none in 2016, so we left those out as well.
Want to buy or sell a home in West Boca? Call Warren at 888-733-5299.
Mission Bay was one of the few communities to respond to our inquiry about updates and improvements:
The Mission Bay Community has undergone a major transformation throughout its property during the course of 2016. The Board of Governors, staff and volunteers took on this monumental project that began at the clubhouse and continued with most of the major structures within the community. Looking to upgrade their beautiful facilities, they consulted with a designer who helped them create a vision.
The Board wanted to create a dramatic effect as you enter the covered walkway to the Clubhouse and accentuate the columns with ledgestone. This added depth and color leading to the pool area.
The Club patio was completely redone and redesigned with wood and pavers. New outdoor furniture that include, 2 gas grilled fire pits were purchased in order to give the residents a more enjoyable place to take advantage of the great views of the lake by a fire. The pool patio was enlarged to offer additional seating for its residents. The lounge chairs by the pool were re-strapped to blend with their new color scheme and more umbrellas were added to give the residents more options around the resort style pool.
The once screen enclosed game room was revamped and now features an open air bar with flat screen TVs on every wall. The bar was created with a vision to offer residents 21 and older a place to meet and have a few beverages while enjoying the pool and patio.
The Mission Bay board began offering Friday evening “Happy Hours” for those 21 and older. In addition Mission Bay offers both family friendly and adult parties throughout the year. They have even implemented “Football Sundays” for residents to enjoy a “sports bar” environment during NFL season! These parties have become very popular events and attendance is usually very high. All of these Country Club amenities are offered to residents without charging country club prices.
All Mission Bay monuments have been updated and refurbished. The stonework and color scheme were carried out throughout the whole community including all Directional signs. Their main monuments located on SR7 and Glades Rd. are an important structure of West Boca. Both Mission Bay residents as well as all persons living in neighboring communities enjoy the view of the beautiful building standing on the North side hill. For this reason, it was important to the Board to upgrade and accentuate this structure for the Community. New reverse channel lettering was installed, stone was added to the pillars and the building, and iron gates were placed in the archways. All this in order to highlight the architecture and the pillars. Landscaping was also added to enhance the area.
Another major change Mission Bay residents saw this year was in a new Cable Television service. Residents now enjoy both cable and high speed internet service paid through their Mission Bay HOA dues. This now allows everyone to access free internet while at the playground, tennis courts, basketball courts, gym and pool area.
In order to keep the community safe at all times, Mission Bay hired a security company to patrol all ten villages and common areas 24 Hrs. a day, seven days a week. This added security ensures that families continue to live in safe place.
Beginning in January, the workout facilities will be remodeled and the gym equipment completely replaced with the latest machines available in the market. Once the renovations are complete, the aerobics classes will include new spin classes as well as the current body sculpting, Zumba, Boot Camp and Yoga classes that have always been offered.
Home prices have been going up for the past three years in Loggers’ Run. The numbers show similar increases across the board. We looked at single family homes larger and smaller than 2000 square feet, and also at townhouses and villas (in Timberwalk).
For the larger single family homes (excluding foreclosures and short sales), the average price rose to $473K at $178/sq.ft. That’s up from $453K ($171/sq.ft.) in 2015, and $442K in 2014 ($163/sq.ft.), or a 7-9% increase compared to two years earlier.
In 2016 there were 36 transactions in the over 2000 square foot category for as low as $335,000. Several larger homes sold for over $600K. Listings take an average of just over two months to sell.
Smaller single family homes prices also increased. The average rose to $328K in 2016 ($192/sq.ft.) up from $313K in 2015 ($177/sq.ft.) and $311K in 2014 ($175/sq.ft.). That’s a 4% increase in prices and 7% in dollars per square foot from 2015, though 2015 was not up significantly from 2014. Five homes sold for $300K or less, while three homes sold at $375K, the highest for this group. Homes in this group sell a little quicker than the larger ones, averaging over a month.
We also looked at townhomes and villas in Timberwalk, south of Palmetto Park Road and Logger’s Run Middle School. They range from 1200 to 1600 square feet. The average price rose to $217K, up from $210K in 2015 and $192K in 2014 – up 13% in 2 years. Measured in dollars per square foot they rose from $142/sq.ft. in 2014 up to $166/sq.ft. in 2016 – a 17% increase.
The high end hasn’t changed that much in Timberwalk, with the top at or near $250K all three years. It’s the bottom that has changed. In 2014 most homes in the subdivision sold for $200K or less, and as low as $140K. In 2016 only 6 out of 33 homes sold for less than $200K and the lowest was $180K. Average “days on market” was similar to the under 2000 sq.ft. houses at just over a month.
We exclude “REO” and short sale transactions from our analysis because those prices aren’t as meaningful to most of our readers. We did look at the numbers including those and it did not make a big difference.
Home prices in Avalon and Palma Vista Estates are up in 2016, at least at the low end. Both are smaller gated communities with prices generally ranging from $500K to $700K.
Avalon is on the north side of Palmetto Park Road east of 441 and the Lowe’s plaza. Palma Vista is on the east side of 441 just north of West Boca Medical Center. They’re different neighborhoods but their numbers are similar.
There aren’t enough transactions to make strong conclusions. Avalon had 19 transactions over the past three years. Palma Vista had only 15. But with that said it looks like the low end has risen and the average price in 2016 rose to $619,000, up from below $600K the previous two years.
The lowest price in Avalon for 2016 was $520K and the other 6 transactions were all over $600K. Palma Vista only had 3 transactions last year with the lowest at $575K. In the previous two years Avalon had 8 deals under $600K and Palma Vista had 5 transactions under $500K.
Both neighborhoods are zoned for Sandpiper Shores Elementary, Eagles Landing Middle, and Olympic Heights High School.
Homes are taking about three months to sell in both communities.
If you’re thinking about buying or selling real estate in West Boca, call Warren at 888-733-5299 (or e-mail firstname.lastname@example.org).
Houses in Lexington Estates sold for more in 2016. The average transaction price rose to $459,000* from $427K in 2015. This is a little misleading as the homes sold in 2016 were larger on average. Measured in dollars per square foot the average works out to $167/sq.ft., which is a very slight increase over 2015 and 2014.
Transactions ranged in price from $377K* for a 2100 sq.ft. 3-bedroom house up to $515K for a nearly 3000 sq.ft. 4-bedroom house. The best “bargain” in the neighborhood was 22147 Braddock. It sold for $512K with 5 bedrooms in 3300 square feet, including waterfront, a pool, 3-car garage and numerous upgrades in immaculate condition, all at only $153/sq.ft.
Lexington Estates is a gated community with just over 200 single family houses on the west side of US-441 (aka State Road 7) south of Palmetto Park Road. The location is convenient for commuters and shoppers but may be perceived as uncomfortably close to lower priced neighborhoods nearby.
*Excluding foreclosure-related transactions. With those included the lowest transaction for 2016 was $327K and the average was $446K.
Homes in Boca Winds sold quicker and for substantially more in 2016. The average home price rose to $369K, up from $360K. That’s a 2.5% increase. The price rise was more pronounced on a dollars per square foot basis, at $174/sq.ft. in 2016, up 8% from $161 in 2015 and $159 in 2014.
Boca Winds is an ungated community at the far west end of Palmetto Park Road. It is bordered on the south by the Loxahatchee Canal and the county line, to the west by the Fran Reich Preserve, Boca Falls to the north and Boca Reserve to the east. It is zoned for the nearby Waters Edge Elementary, Loggers Run Middle, and West Boca High schools.
Our data show 82 transactions in 2016, up from 61 in 2015 and 60 in 2014. Homes are also selling quicker, averaging 42 days (median 26) vs. 57 in the two previous years. The 2016 numbers include 7 REO transactions and 2 short sales. The busiest street was Sea Bass Drive with 9 transactions.
Homes sold in 2016 ranged from 1400 to 3600 square feet with prices typically ranging from the low $200s with 3 bedrooms and 2 baths up to the mid-$500s with up to 6 bedrooms. They were built from 1985 through 1999.
This is the second in a series of articles analyzing 2016 real estate transactions in West Boca. The first article covered Boca Falls. More coming soon.
Boca Falls homes sold for higher prices in 2016 compared to previous years, but the numbers are mixed. The average transaction for the year was just under $593,000, up dramatically from the averages of $538K in 2015 and $522K in 2014. That’s a price increase of over 10% compared to the previous year.
When we dig into the numbers we find it’s not that simple. The reason for the increase appears to be the result of larger homes being sold. The average size in 2016 was nearly 3400 square feet (living area), up from 3100 square feet in 2015 and under 3000 square feet in 2014.
Measured in dollars per square foot the 2016 average was $178/sq.ft, up from $174/sq.ft. in 2015 (a 2% increase). The number in 2014 was $177/sq.ft. Looked at this way Boca Falls home prices have not increased significantly in the last two years. We checked the numbers after taking out REO (foreclosure-related) and short sale transactions. It did not make a noticeable difference. Click to read more about Boca Falls real estate.
If you’re thinking of buying or selling a home in West Boca, choose a Realtor® who knows the market. Call Warren at 888-733-5299 or e-mail him – warren@WestBocaNews.com.
This is the first in a series of articles analyzing West Boca real estate numbers from 2016. Coming soon we will do the same for Boca Winds, Boca Isles, Saturnia, The Oaks and plenty of others.
The Mission Bay development consists of over twelve hundred homes within 10 “villages.” Certain villages have their own sub-associations. The community is just west of 441 and covers 500 acres on both sides of Glades Road. The land includes the Evert Tennis Academy and Boca Prep International School. There are swimming pools, tennis leagues, social events and more. HOA fees vary.
The Mediterranean style home at 10968 La Salinas Circle sold for $410,000. It has 4 bedrooms and 3 full bathrooms in 2261 sq. feet of living space. Special features include an updated kitchen with maple wood cabinetry, granite counter tops and new stainless steel appliances. The master bedroom suite has a double door entry and 2 large walk in closets. French doors lead to a screened in patio and pool. There are no rear neighbors. Built in 1993, it was purchased for $184,000 in 1995. Lexington Estates is a gated community located on Palmetto Park Road, west of 441. Amenities include basketball and tennis courts as well as a community pool and picnic area. Students attend Coral Sunset Elementary School, Loggers Run Middle School and West Boca Community High School.
The contemporary ranch home at 10300 Lexington Estates Blvd sold for $442,000. It has 4 bedrooms and 3 full bathrooms in 2762 sq. feet of living space. The home has a 3 way split bedroom floor plan, high ceilings and lots of natural light. The kitchen has granite counter tops and stainless steel appliances. There is a new washer and dryer. A special feature is the custom built cherry wood bookcases from floor to ceiling in the den. The outdoor entertaining area includes a screened in patio and pool and a fence backyard. Built in 1996, it was sold for $225,200 in 1997.
The traditional two story home at 10114 Lexington Estates sold for $465,000. It has 5 bedrooms and 3 full bathrooms in 2964 sq. feet of living space. The master bedroom and a guest bedroom are located on the ground floor. The custom kitchen has spacious counter tops, wood cabinetry and designer accents. The bathrooms have all been updated. Additional renovations include 18 inch tile and beautiful wood laminate flooring. Built in 1992, it was sold for $585,000 in 2005. Boca Reserve is a gated community located off Palmetto Park Road, west of 441. The community has landscaped walkways and is close to shopping. Students go to Loggers’ Run Middle School and West Boca High School. We previously wrote about the development in 2014 and earlier in 2013.
The large ranch home at 12257 Boca Reserve Lane sold for $637,500. It has 5 bedrooms and 3.1 full bathrooms in 2979 sq. feet of living space. There is carpet and ceramic tile throughout. The custom kitchen opens to the family room. It has wood cabinets, granite counters and stainless steel appliances including a double wall oven. The master bath has dual sinks with separate shower and tub. The home also boasts a 3 car garage. The home was built in 2014 and originally purchased for $583,320. Boca Grande is located on Palmetto Park Rd West. The community features large homesteads with room for stables and horses.
The large traditional home at 21640 Cartagena Drive sold for $1 million. It has 4 bedrooms and 4.1 bathrooms in 4363 sq. feet of living space. The open floor plan has lots of room to entertain and plenty of natural light. The chef’s kitchen has an island, pantry and breakfast bar. There is a grand entry, custom bar and soaring wood ceilings. The great room has a fireplace surrounded by stone. The backyard boasts a built in grill and screened in patio with a pool. This home is situated on 5 acres with a 4 stall barn and mature trees. It was purchased for $190,000 in 1985.