47 Homes Sold in Loggers’ Run – Mid-Year Report for 2018

22585 Lemon Tree Lane in Tamarron; image by Google.

Loggers’ Run had 47 homes sold in the first half of 2018. 37 of the sales were single family homes, along with higher prices for the 10 townhomes and villas in Timberwalk.

Winding Lakes

There were only two transactions in the Winding Lakes subdivisions so far this year. 21503 Sweetwater Lane S in Winding Lakes III sold for $665,000, the highest in Loggers’ Run. The 5-bedroom, 3-bath house had extensive renovations and a nearly one-acre lot. The selling price was well below its original list price of $799,000.

In Winding Lakes I (south of Palmetto Park Road), 22396 Waterside Drive sold for $585,000 with 4 bedrooms, 2 1/2 baths, a 0.6 acre lot and a very impressive kitchen, all in 2900 square feet.

Tamarron

Also south of Palmetto, 22585 Lemon Tree Lane (picture at top of article) sold for $547,250 with 4 bedrooms and 2 baths in just 2500 square feet. This is another large lot at 1.2 acres.

Island Lakes

North of Glades Road, three homes sold in Island Lakes including 11874 Island Lakes Lane at $580,000. This is a rare two-story home in Island Lakes with 5 bedrooms and 3 1/2 baths in nearly 3100 square feet. The house sold in just 7 days. With higher list price and patience the sale price could have topped $600,000.

The other two sales in Island Lakes were the popular 2440 square foot model with 11560 Island Lakes Lane selling at $500,000 in just 5 days and 11720 Island Lakes Lane at $450,000 after 3 months on the market. The lower priced home had a more dated interior, though an arguably better location.

Indian Head

Indian Head was very active with eight sales already, compared to eight sales for all of 2017. 21044 Shady Vista Lane was the only home in 2018 so far that sold for over $400,000 at $440,000. That house has 4 bedrooms and 2 baths in 2100 square feet. Thanks to fresh renovations it sold in just 5 days.

Two homes on Shady Vista sold for $390,000 each, at 21077 Shady Vista Lane and 20972 Shady Vista Lane. Selling for $380,000 was 20858 Sugarloaf Lane, and two more sold for $370,000 – 21269 Purple Sage Lane and 20847 Sugarloaf Lane. These are all 3 and 4 bedroom homes between 1900 and 2500 square feet, and all sold in less than two months.

The low end in Indian Head was 21230 Raindance Lane at $335,000 with 3 bedrooms and 2 baths in 2000 square feet. It’s not clear from the listing why it sold for so much less, but it sat on the market for nearly 5 months.

Crystal Cove Estates

The newer homes on Kensington Court continue to sell well. Prices and sales volume are similar to 2017. There have been two sales so far in 2017:

The nearly 3900 square foot house at 11605 Kensington Court sold for $642,500 after 10 months on the market. Smaller but all on one floor, 11597 Kensington Court sold for $611,000 in less than three weeks.

Call or text Warren at 518-225-3710, or e-mail warren@westbocanews.com for help buying or selling homes in West Boca.

Country Landing

As usual the Country Landing subdivisions were the busiest with 17 transactions so far in 2018. Prices varied more with a low of $295,000 for the small 1400 square foot house at 11418 Country Sound Court in Country Landing I, and three houses going for over $450,000.

11944 and 11956 Sunchase Court in Country Landing 4; image by Google.

In Country Landing 4, north of Glades Road, 11956 Sunchase Court sold for $465,000 with 4 bedrooms and 2 baths in 2000 square feet, and it went in just 3 days. Next door the same model at 11944 Sunchase Court got $455,000, also selling quickly.

Two more of the same model sold in Country Landing 3 over $400K with 21100 Woodspring Avenue at $457,400, in just 11 days, and next door 21090 Woodspring Avenue at $415,000 in only 5 days. And three more sold under $400K. A bank-owned foreclosure sold for only $330,000, while the other two went for $365K and $395K.

Country Landing I had 3 sales including the $295K low price, and two 1900 square foot 4-bedrooms at $380K and $350K.

There were six sales in Country Landing II, most in the mid-300 price range. 11668 Quiet Waters Lane managed to get $394,000 with only 1640 square feet. Listed as needing TLC, 21303 Summertrace Circle only got $315,000 out of its 1750 square feet.

Cimarron

Cimarron continues to sell well with a high price of $420,000 for the 1900 square foot 3 bedroom at 21636 Little Bear Lane. The low there was 11480 Chipmunk Drive with 2600 square feet, the price possibly affected by its corner location facing busy Ponderosa Drive.

Timberwalk

22529 Vistawood Way sold for $275,500 with extensive remodeling inside; image by Google.

Prices are up 7.5% in Timberwalk to an average of nearly $250,000. Of the 10 transactions this year so far, only two were below the 2017 average of $232,000, and only slightly below at $225K and $226K. Six of the transactions in the first six months of 2018 were at $250,000 or above, compared to four for all of 2017. The high price remains at or near $275,000, with 22529 Vistawood Way selling for just above that with 3 bedrooms and 2 baths in 1400 square feet.

Mission Bay Home Sales 2018 Through June

Mission Bay home sales for the first half of 2018. Image and map data by Google. Additional data by FlexMLS and Warren Redlich.

A total of 42 homes sold in Mission Bay in the first half of 2018, including 31 single family homes and 11 townhomes.

Single Family Homes

Only one home sold in Cordova Estates, at the second highest price in the development. 20369 Hacienda Court, with 5 bedrooms and 3 baths in 3,054 square feet, was purchased for $558,000 after five months on the market.

20369 Hacienda Court; image by Google.

The price seems low for the size and condition of the house, but the odd location on the corner of a makeshift cul de sac may have made it harder to sell.

Six houses sold in The Isle, including the highest price in Mission Bay. 10735 Avenida Santa Ana landed a buyer at $630,000 in only 47 days. The house has 5 bedrooms and 3 baths in over 3100 square feet on one floor, with some very nice finishes and features throughout the house

Two smaller 2500 square foot houses in the Isle sold for $490K and $495K while the lowest prices were $393K and $394K for two bank-owned foreclosures.

Sonata also broke the $500K mark with 20270 Monteverdi Circle selling at $529,000 in just 13 days. The 5 bedroom, 3 1/2 bath house has 3000 square feet on two floors.

The courtyard home at 20270 Monteverdi Circle sold for $529,000. It has a small pool or guest house facing the street. Image and map data by Google.

Not far behind was 10934 Ravel Court at $480,000 with 4 bedrooms in 3000 square feet. There were five other home sales in Sonata, with two of them below $400K. Both of those were due for some updating.

Rounding out the north side of Glades, six houses sold in Ventura, three of them between $460K and $465K. All of those were 4 bedrooms with roughly 2300 square feet and they sold quickly. Ventura had another quick sale at $450K, and one buyer got a bargain with 20380 Cozumel Court at only $380,000 with 2500 square feet, remodeling and a new roof. Two attempts to sell via Miami brokers failed and then a Palm Beach broker got it done.

The highest price south of Glades was $485,000 for 20940 Avenel Run in Regatta. The house has 4 bedrooms and 3 1/2 baths in 2800 square feet, and it sold in only 5 days. Recent renovation with high end finishes certainly helped.

Two houses sold in La Costa, with 20933 La Plata Court going for $450,000 with 4 bedrooms and 3 baths in only 2260 square feet. The seller had done some remodeling, especially in the kitchen, but the bathrooms were dated. It went fast after only 5 days on the market.

20933 La Plata Court; image by Google.

Also in La Costa the smaller 20921 La Plata Court sold for $379,000 in less than a month with 3 bedrooms in 1900 square feet.

Laguna had five sales. 10694 San Bernardino Way was the top there at $426,000 for a 4-bedroom in 2200 square feet. Right behind it in price, the larger 2900 square foot 5 bedroom at 10668 Santa Laguna Drive went for $123,500.

Two houses in Laguna sold very low at $321,000 and $313,500, both 3 bedrooms with 1900 square feet and in need of work. The cheaper one’s listing indicated a mold problem.

Harbour Springs had three sales. Two smaller houses with 1900-2000 square feet sold for $375,000 and $376,000, while the larger 2900 square foot 5 bedroom at 11201 Harbour Springs Circle took an even $400,000. The house was on and off the market for over 18 months and sold well below its $489,000 listing price.

Townhomes

Reflections saw 8 transactions from $274,000 for a 1600 square foot 2 bedroom on Via Marisa to $325,000 for 10490 Lake Vista Circle (3 bedrooms, 3 baths, 2000 square feet).

Three townhomes sold in a tighter range in Las Flores with a 1600 square foot 4-bedroom on Via Jasmine selling for $294,000 and two 1800 square foot models on Via Oleander each selling for $300,000.

Boca Woods and Stonebridge Home Sales 2018 So Far

Eighteen homes sold in Boca Woods for the first half of 2018, while Stonebridge saw eleven transactions. The mandatory membership golf club communities have seen home prices challenged by a high volume of homes listed and a limited number of buyers. Despite that the news in the first half of 2018 looks good for home sellers.

Boca Woods

The high price last year in Boca Woods was $410,000 and that was topped by two sales. 10842 Pine Bark Lane went for $450,000, while 11391 Boca Woods Lane got $430,000. On the downside four homes sold in a low range from $110,000 to $125,000. Three houses sold in the low $300s from $315K to $330K. Most of the lower priced homes are around 2000 square feet, while those over $250,000 were all 2800 square feet or larger.

Despite the saturation problem (currently 40 homes listed for sale), prices appear to have risen both on the high end and the low end.

Stonebridge

With 35 homes listed Stonebridge is still a buyer’s market. Two houses sold for $95,000, both lower than the 2017 low of $102,500. Three houses sold over $450K, but no others over $370K. The top price was $490,000 for 10818 Ashmont Drive, with 3 bedrooms and 4 baths in nearly 3600 square feet.

The best buyer’s bargain was 10578 Stonebridge Boulevard, with over 3500 square feet selling for just $255,000.

In 2017 there were 5 sales over $400k with two all the way up at $495K. There’s half a year to go for 2018 so there’s hope that there will be more sales in the high 400s or even one breaking the $500K mark. Three of the homes listed are asking for prices above $600K. Boca Woods home sellers are less ambitious with none listed over $500K.

February Real Estate Update for West Boca


What Sold?
Just a quick update on the West Boca real estate market at the end of February. 274 homes have sold this year so far, 176 of them (including 141 condos, townhomes and villas) for less than $300,000.
75 homes sold for prices between $300K and $500K, all but three of them single family homes.
From $500K to $800K there were only 16 transactions, 9 of them in Boca Falls with 4 more in Boca Isles and 2 in Saturnia.
Over $800,000 there were 7 transactions all near Clint Moore with 3 in The Oaks, 2 in Long Lake Estates, 1 in Le Rivage and the most expensive one in Horseshoe Acres by auction for $3.1 Million, well off the list price of $4.35M.
What’s For Sale?
West of the Turnpike and south of the Delray line there are currently 802 homes on the market including 396 single family homes, 112 townhomes and villas, 287 condos and 7 mobile homes.
447 homes are listed for $300,000 or less, mostly condos and townhomes.
Between $300K and $500K there are 193 homes, nearly all of them single family.
In the $500K-$800K range there are 86 for sale, all single family homes. They tend to be in specific neighborhoods including Boca Falls, Boca Isles, Saturnia, The Shores, The Oaks and Avalon, with a smaller number in Boca Winds, Boca Reserve, Palma Vista, Loggers Run and Mission Bay.
76 homes are listed above $800,000, concentrated in The Oaks and Long Lake Estates.
Did You Notice?
In the sub-$300K market the number of transactions was more than 60% of the number listed. Homes under $300K sell fast. Keep in mind the sales are over a two month span.
In the lower middle range between $300K and $500K this drops to less than 40%. From $500K to $800K it drops to less than 20%. And over $800K the number of sales in that two month window is less than 10% of the number listed.
This should not be a surprise but less expensive homes sell more quickly. At the high end the market is so saturated with homes for sale that it gets very tough to get a good price for your house and it may not sell at all. You have to be patient. If you need to sell quickly, you may have to price it below market value.
Saturation
When a lot of homes in the same community are on the market, it’s harder for a seller to stand out and get full value for their home. Buyers have a lot of other choices.
In The Oaks 10% of all the homes in the development are listed for sale. The country clubs are similar. 11% of the homes in Stonebridge are on the market. Boca Woods is doing a little better at 6% on the market. Avalon has 6% listed.
Perhaps the most saturated is Le Rivage, a small superluxury development on the northeast corner of Lyons and Clint Moore, where 5 of the 18 houses (28%) are listed for sale. Prices range from $2M up to $3.75M. Across the street Long Lake Estates has over 13% of its homes listed with prices from $1.1M to $7M.
Compare that to Boca Falls where there are only 20 houses listed right now, less than 3% of the development. In Saturnia there are currently 13 homes listed out of 414, just over 3%. The Shores, Boca Greens and Palma Vista all have about 4% of their homes on the market. Mission Bay has 18 houses listed.
Not Saturated
It may be a good time to list when few other homes are listed like yours.
Boca Isles has 19 homes listed out of 876 or around 2%. Boca Winds has even fewer with only 15 houses listed out of 1100 homes in total, not much over 1%. Inventory seems particularly thin in Loggers’ Run with only 11 single family homes on the market. There are only 2 homes listed in The Lakes at Boca Raton (north of Yamato near Cain, and only 6 single family listings in Boca Chase (plus 2 in the 55+ homes). Lexington Estates only has one home listed.
Another area that’s very thin is around Lyons Road south of Glades where there is one home for sale in Escondido and nothing in Timbers of Boca or Pine Springs. The road construction on Lyons may have discouraged sellers.

Avalon, Palma Vista and Boca Reserve: Homes Sold 2017

We’re finishing up the 33428 zip code with three smaller neighborhoods that sold well in 2017. Palma Vista and Avalon are on the east side of US-441 between Palmetto and Glades, while Boca Reserve is between Loggers’ Run and Boca Winds on the south side of Palmetto Park Road.

Avalon
Four homes sold in Avalon this past year, all on Parkview Avenue with 5 bedrooms, 3-4 baths, and 3-car garages, and all built in 1998. They sold in 5 weeks or less. There were no transactions on Cypress Palm Court.
Two of the sales were 3400 square models with 4 full baths, one for $680K and the other for $690K. The smallest of the homes at 2800 square feet sold for $578K with 3 full baths while a slightly larger model with 3 1/2 baths sold for $565K.
HOA fees in Avalon are about $300/month. The average home price for 2017 was $628,000.

Palma Vista is just north of West Boca Medical Center and just south of Publix and Home Depot. Avalon is just north of Palmetto next to Lowe’s. Image and map data by Google.

Palma Vista
Palma Vista Way saw nine homes sold while one sold on La Vista Circle. All the homes were built between 2000 and 2002.
The lowest price was 9772 Palma Vista Way at $499K with 4 bedrooms and 3 full baths in 2500 square feet. On the high end 21180 La Vista Circle sold for $735K with 6 bedrooms and 5 1/2 baths in 3800 square feet. That was the only one over $700K. The same model sold for $690K at 9713 Palma Vista Way.
The most average of the homes sold was 9839 Palma Vista Way selling for $600,000 with 5 bedrooms and 3 1/2 baths in 3400 square feet.
HOA fees in Palma Vista are about $350/month. The average price for the development was $596K. They’re not moving fast as all the homes took at least one month to sell and the average was over three months.
Palma Vista is particularly attractive to people who appreciate the easy access to the Jewish Federation campus and the JCC. The neighborhood is also within walking distance to West Boca Medical Center and the Westwinds shopping plaza (Publix and Home Depot).
Boca Reserve

Two homes sold in the small and fairly new Boca Reserve development. Both were built in 2013.
12090 Boca Reserve Lane sold for $730,000. The 4000 square foot 5 bedroom has 4 1/2 baths. It sat on the market off and on for over a year mainly due to a high original list price of $899,000. It sold quickly after the list price was lowered to $749,000. It was purchased new from the builder in 2013 for $637K.
The smaller 12106 Boca Reserve Lane sold for $715,000 with 4 bedrooms and 3 1/2 baths in 3000 square feet. This one sold in 8 days with an original list price of $749,000. The seller had just bought the house in February 2016 for $675,000, and the previous owner got it from the builder for $570K.
HOA fees in Boca Reserve are about $200/month.