Real Estate Report 33498 – Mid-2019

This is Warren’s update on home sales in Boca Isles, Saturnia, Boca Greens, Shores, Boca Chase, Lakes at Boca Raton, and Stonebridge. Mission Bay is in Warren’s 33428 report.

Boca Isles: 22 homes sold in all of Boca Isles in the first half of 2019, 14 of them in Boca Isles North and 8 more in Boca Isles South. The average home took over 3 months to sell for $540,000 with four bedrooms in 2700 square feet. That works to $200/sq.ft.

The highest price was $703,000 for 19156 Cloister Lake Lane in Boca Isles North. It’s also the largest home sold at 3400 square feet, with 5 bedrooms and 4 bathrooms.

That price is something of an outlier. The next highest price was $626,000 for 10872 Tea Olive Lane, and only two other houses sold for more than $600K.

Six homes sold for less than $500,000, three of them under $450,000. The lowest prices were $425K for 10805 Maple Chase Drive (BI North) and $430K for 20113 Ocean Key Drive (BI South).

Most of the transactions (12) were in the $500K range from $515,000 up to $589,000.

10805 Maple Chase was also the biggest bargain at $160/sq.ft. for the 2700 square foot home. By contrast the 2300 square foot 19579 Black Olive Lane sold for $520,000, or $224/sq.ft.

Every home in Boca Isles took more than a month from listing to close. Most did sell in less than 3 months, but four of them took six months or longer, pushing up the average.

It should also be noted that 13 listings expired or canceled in the first half of the year. There are 18 homes listed for sale at this writing.

Saturnia: It remains a buyers market in Saturnia, where 8 homes sold in the first half of the year while 11 listings expired or canceled. There are 20 homes listed for sale.

We have long felt Saturnia is the best place in West Boca to buy a large, high end home and this year is no exception. Three transactions were for over $750,000, all spectacular remodeled homes with 5 or 6 bedrooms in 4700 square feet. There are four more homes like this available right now.

Similar houses in the new GL developments would cost nearly double the price with smaller lots, higher association fees and a much longer distance to the zoned schools. Saturnia has Sunrise Park Elementary and Eagles Landing Middle right across the street.

The lowest price in Saturnia was $550,000 for the one-floor 2700 square foot 4-bedroom at 19489 Estuary Drive. One other home that size went for $565,000. Three more homes sold for between $595,000 and $670,000, all with five bedrooms between 3100 and 3350 square feet.

Boca Greens had 22 transactions along with 10 expired or canceled listings. The average transaction was a 3-bedroom with 2000 square feet selling for $426,000. This is a bounce up from the same period last year.

There were two deals over the $500K line. 10300 Camelback was the highest price at $537,500 for four bedrooms in 2700 square feet. 20049 Back Nine Drive went for $506,000 with 2300 square feet.

The lowest price was also the smallest home, 19651 Back Nine Drive sold for $310,000 with only 1200 square feet. That also works out to the highest price per square foot at $258.

Overall six homes sold in the 300Ks from $310,000 up to $364,500. Fourteen homes sold in the $400Ks from $412,500 up to $484,000.

The biggest bargain was 19537 Sedgefield, a 1950 square foot 4-bedroom that sold for $335,500, more than $10K over its listing price. There are currently 13 active listings .

The Shores at Boca Raton was busy with 12 transactions in the first half of the year and 9 canceled or expired listings. Only 5 homes are listed for sale at the moment.

Aside from one outlier prices started at $435,000. The outlier was a troubled 2400 square foot 4 bedroom that was originally listed for $419,000 but sold for only $330,000.

The four highest prices were on Ocean Mist Drive, all with five bedrooms and 3400 or more square feet. They ranged from $560,000 up to $610,000. 18612 Ocean Mist Drive was the most expensive, while two doors away 18604 Ocean Mist Drive is the largest at 3700 square feet.

The western part of Boca Chase had fifteen closed transactions with eight listings expired or canceled. This is the most desirable part of Boca Chase with all single family homes and a lower incidence of crime.

Eleven of those fifteen sold for less than $400,000 with a low of $310,000 for 11213 Jasmine Hill Circle, a 3-bedroom with 1600 square feet. 18228 Clear Brook Circle sold for $397,000 with 4 bedrooms in 2800 square feet.

Four homes broke the $400K line, all roughly 2800 square feet with prices as high as $445,000 for 18349 Coral Chase Drive.

The eastern half of Boca Chase includes both single family homes and townhomes.

The townhomes went in a fairly tight price range from $270,000 to $319,000, all of them having 1650 square feet. The single family homes started at $323,000. Four homes sold for over $400,000 including three on 181st Circle or 182nd Lane.

The highest price was $427,500 for 10200 182nd Lane S, a 4-bedroom with just under 2100 square feet.

The 55+ section of Boca Chase is in the middle of the development and had 24 transactions.

Five units sold for under $200,000, while eleven sold in a tight range from $250,000 to $280,000. At the high end for this group, the single family home at 18090 104th Terrace S closed at $330,000.

The Lakes at Boca Raton did particularly well with 19 closed sales and only 3 listings expired or canceled. There are 9 active listings.

The low price was $298,000 for 10405 Islander Drive, which was sold in the middle of an unfinished renovation. Other than that the lowest price was $343,000, which had been rented out. Six other homes sold in the $300Ks up to $377,000 for 18947 Adagio Drive (1800 square feet).

At the top, two homes sold for $570,000: 10779 Sea Cliff Circle (2900 square feet) and 18653 Cape Sable Drive (3300 square feet). One other home sold for $519,000 and the rest sold for prices between $400,000 and $475,000.

Stonebridge sellers are doing better this year with 20 transactions so far and only 13 expired or canceled listings.

Pricing is still a challenge for this country club community with two homes selling under $100,000. There are 17 homes currently listed for sale.

17809 Southwick Way finally sold for only $65,000 after being on and off the market since 2016. The house has 3 bedrooms in 2900 square feet.

Only slightly larger, 17893 Hampshire Lane sold for $330,000 in just over two weeks, showing the fickle nature of the market.

The top price was $455,000 for 17727 Litten Drive, which took 5 months to sell.

10435 Stonebridge Boulevard was the only other sale over $400,000 at $435,000. The house has 5 bedrooms and over 3800 square feet.