The 3800 square foot 5-bedroom ranch at 21375 Falls Ridge Way (pictured above) fetched the highest price by far at $735,000.
34 homes sold in Boca Falls in 2018, with prices ranging from a high of $735,000 to a low of $422,500. There were also 33 listings that expired or canceled, making it about a 50% change that a listing will sell.
The average transaction was a 3000 square foot home selling for $560,000. Last year’s average was $586,000 for a 3200 square foot house. In dollar per square feet prices are up about 2%. Homes are taking a little longer to sell with the average at 77 days.
Boca Winds saw 26 home sales in the first half of 2018, with 9 of those in Ashley Park and 7 in Waterways. The community continues to have a low inventory with only 10 homes on the market. There is only one home listed in Ashley Park.
Low inventory often leads to higher prices as demand outstrips supply. Boca Winds certainly saw some good prices with 22257 Vista Lago Drive getting the highest by far at $680,000.
With 6 bedrooms in over 3500 square feet, the house has gorgeous lake views and significant upgrades. It was the only transaction in Carlyle Estates.
Four homes sold in the 500s with the 3600-square-foot 12672 Tucano Circle in Waterways going for $590,000. Our favorite spot in Boca Winds is Waters Edge Estates where 12613 Little Palm Lane sold for just over $550,000.
Ten homes sold in the 400s. 12641 Maypan Drive in Waterways sold for $490,000 with 5 bedrooms in 2900 square feet, while Ashley Park’s 22559 Grouper Court was purchased at $415,000. The high price in Ashley Park was 22480 Swordfish Drive at $425,000 with over 2200 square feet, a water view and even a little dock.
Nine homes sold in the 300s, most of them in Ashley Park with a couple in Regency Place. And two homes in Ashley Park went for under $300K. 22412 Sea Bass Drive took the low number at $280,000. I actually went to this for an open house. It felt even smaller than the 1300 square feet the listing reports, and the interior looks like it was never updated in 30 years.
The biggest buyer’s bargain was 12931 Elmford Lane in Regency Place, which has 1900 square feet and sold for $365,000. The house is on a cul de sac lot and has a short walk to the Hillsboro Canal and nature hikers might appreciate the easy access to the Fran Reich Preserve.
There’s a bit more inventory for buyers in Boca Falls with 11 homes currently listed, though four of the subdivisions have no listings at all.
22 houses sold in Boca Falls in the first half of 2018. Prices ranged from a low of $450,000 for a small 4-bedroom in the Cascades subdivision up to $735,000 for a 3800 square foot 5-bedroom in The Estates. Of the 22 sales, 6 were priced over $600,000 with the highest prices in The Estates ($735K and $660K for the same 3800 square foot model) and Crystal Pointe ($650K each).
Twelve sales were priced in the 500s from $505,000 to $585,900. Five houses sold under $500,000 including two bank-owned foreclosures. Other than a couple of problem listings, everything sold under $550,000 was small, generally under 2800 square feet.
Six homes sold in Crystal Pointe while there was only one each in The Estates, Cascades, and Emerald Pointe, and no sales in Victoria Falls.
The seller horror story was 12700 Yardley Drive in Emerald Pointe. The house was originally listed for $619,000 in April of 2017 by a discount broker. After a price reduction to $599,000 and 6 months on the market the listing expired. The seller listed again with the same real estate agent for another four months, lowering the price a few times until the listing expired again in February. With dogged determination the seller doggedly stuck with the same agent for another listing and another series of price reductions until they got down to $529,900 and it sold 6 days later for $519,000.
The sale price is well below what we see for similar houses. With over 3300 square feet the closing price works out to just over $150 per square foot. It’s a large house with updates throughout including marble in the bathrooms, wood floors, a media room, custom kitchen and more. We see a couple similar size homes in Boca Falls with fewer upgrades that sold quicker and for much better prices.
48 homes sold in Boca Falls during 2017. Prices ranged from a low of $415,000 up to a high of $820,000. The neighborhood average was $586,000 for a 3200 square foot house with 4 or 5 bedrooms and a 3-car garage. Homes in this price range take a little longer to sell, with a Boca Falls average of just over two months.
That $415K low is the lowest price not related to foreclosure that we’ve seen in Boca Falls in at least three years. The real low in Boca Falls is closer to $450K, and most homes sold for well over $500K.
Differences in Boca Falls are not as dramatic as some other developments like Boca Winds, Loggers’ Run or Mission Bay. The Estates and Crystal Pointe are generally seen as more expensive, mainly because the houses are larger. Cascades
Six homes sold in the Cascades subdivision with an average price of $540K. 21776 Westmont Court was the largest at 3250 square feet with 5 bedrooms and the highest price at $650,000. Four 4-bedroom models between 2700 and 3000 square feet sold from $473K to $575K. The smallest home that sold in Boca Falls this year, 12306 Antille Drive with 3 bedrooms and 2 1/2 baths in under 2000 square feet, sold for $475,000. Crystal Pointe
The average in Crystal Pointe for 2017 was $645,000, held down a bit by one distressed 5-bedroom that sold for $570K. The three highest prices were all on Marigot Drive including two large homes that went for nearly $750,000. Emerald Isle
Emerald Isle has the lowest turnover in Boca Falls and only one home sold on Hyland Circle in 2017. 12806 Hyland Circle, a 5 bedroom with 2800 square feet on two floors, sold for $535,000. Emerald Pointe
Five homes sold on Yardley Drive in 2017, with the biggest price variation among the subdivisions. Two smaller 2500 square foot models sold for just under $450K, while the 4600 square foot 12570 Yardley Drive sold for $820K. Two 3300 square foot also sold, a four bedroom for $522K and a five bedroom for $642K. The average for Emerald Pointe was $574,000. The Estates
The Estates had the highest average price for 2017 at $665,000, and also the largest average size at 4000 square feet. Three 3200 square foot homes sold from $570K to $600K. A 3800 square foot 5-bedroom also sold for $590K. Three 4600 square foot models with 4-car garages sold, all for over $700,000, with the highest going for $790K. An even larger 7 bedroom with 5000 square feet on two floors sold for $702,000. Majestic Bay
Three one-floor homes around 2700 square feet sold on Torbay Drive and Abington Court from $470K to $540K. Each has four bedrooms and two-car garages. Majestic Pointe
Prices averaged $575K on Gosier Way and Halstead Drive. There was one distressed 5 bedroom that sold for $497K. Otherwise the transactions started at $515K for a 2700 square foot 4-bedroom up to $725K for a 5-bedroom with 3400 square feet. Mystic Bay
Four homes, all five bedrooms, sold in Mystic Bay. One of them was a distressed sale at $495K for a 2800 square foot model on one floor. Two others of the same model sold for $590K and $615K. A 3200 square foot model on two floors with an extra 1 1/2 bathrooms sold for $628,000. Mystic Cove
Three one-floor models between 2400 and 2800 square feet sold for $550K to $604K. They all went for more than $200 per square foot and sold in less than seven weeks. Victoria Falls
Cascades Pointe Drive and Riverfalls Court are both dominated by two models, both with three full baths and three-car garages. Three of the larger model, 3250 square feet with five bedrooms on two floors, sold for $600K, $605K and $605K. A fourth sale is pending at closer to $620K. The lower priced one is on a corner lot with no waterfront but has substantial upgrades including a new pool.
The smaller model, 2350 square feet with four bedrooms on one floor, had two sales. One at 12372 Cascades Pointe sold for $530,000 in two months. That’s up from $425,000 two years earlier. The other at 12355 Cascades Pointe sold for the very low price of $415,000 after well over a year off and on the market. We may write an article comparing these two properties in the future.
This reports includes homes over 2000 square feet in zip code 33428, plus the northern part of Mission Bay and Loggers’ Run. We covered smaller homes in an earlier report. Zip code 33498 will be up next. Boca Falls saw three transactions since early August.
The highest price was 12387 Clearfalls Drive in Mystic Bay at $615,000. It’s a 5 bedroom, 3 bath house on one floor. While the location is not particularly special, the house features substantial upgrades including marble floors, a pool and a whole house generator. The listing also had excellent photography.
12265 Rockledge Circle in the Mystic Cove subdivision sold for $577,500. While roughly the same size as the above, it has four bedrooms and substantial waterfront, though no pool.
12806 Hyland Circle in Emerald Isles sold for $535K with 5 bedrooms and 3 baths in 2800 square feet on two floors with no waterfront. Loggers’ Run
22188 Waterside Drive was the biggest transaction in zip code 33428 at $690,000 for 5 bedrooms, 2 and a half baths in 3600 square feet. The location includes waterfront and is a short distance to the middle school, Publix, and Windjammer Park.
On the north side of Glades in the gated Island Lakes, 11818 Island Lakes Lane sold for $405K with 4 beds, 2 baths and 2300 square feet.
21799 Little Bear Court in Cimarrron sold for $410K with 3 bedrooms and 2 1/2 baths in 2600 square feet.
21550 Woodchuck Court, also in Cimarron, sold for $395K with 4 beds and 2 baths in 2200 square feet.
21091 Woodspring Avenue in Country Landing 3 sold for $395 with 4 beds and 2 baths in just over 2000 square feet with substantial upgrades.
Two doors over, 21071 Woodspring Avenue sold for a much lower $323K with a very similar size. The listing indicates the house was a short sale that needed “TLC”. Boca Winds
22095 Altona Drive sold for $435K with 4 beds, 3 baths and just under 2300 square feet. The house was in good shape with some upgrades and has an excellent location with a lake view backed up to the future Fran Reich Preserve.
Also selling for $435K was 12490 Baywind Court with 4 beds and 3 baths in 2200 square feet. Situated on a cul de sac this house has tremendous waterfront and great lake views. This is another listing with great photography including drone shots but unfortunately the interior photos showed off the need for upgrades.
Two houses sold for $400K even, both with waterfront.
12658 Maypan Drive has 3 bedrooms and 2 1/2 baths in 2100 square feet.
21943 Palm Grass Drive also had 3 beds and 2 1/2 baths with a floor plan only slightly larger.
Landlocked but on a cul de sac, 22146 Candle Court sold for $352,500 with 4 bedrooms and 2 baths in 2000 square feet. Lexington Estates
10076 Umberland Place sold for $480K. The house has 5 bedrooms and 3 baths on 2 floors with 3200 square feet.
One of the smaller models in Lexington Estates, 22138 Cressmont Place sold for $395K with 3 beds and 2 baths in 2100 square feet.
10781 Santa Laguna Drive sold for $395K with 4 beds, 3 baths and 2300 square feet. It’s on the south side of Glades in 33428.
On the north side in 33498, 20508 Sausalito Drive sold for $450K with 3 bedrooms, 2 1/2 baths and 2500 square feet.
20295 Vera Cruz Lane had 4 beds and 2 1/2 baths in 2250 square feet and sold for $432K.
10381 Buena Ventura Drive sold for $417K with 4 beds, 2 1/2 baths and 2500 square feet. Boca Woods
There were three promising sales in Boca Woods with higher prices than we are used to seeing.
11044 Boca Woods Lane selling for an unusually high $325K with 3 bedrooms and 2 baths in 2000 square feet. Usually the golf club requirements drag prices down but this home sold well and relatively quickly in under two months.
Two others sold for $290K, each after 5 months on the market: 10935 Boca Woods Lane with 3 beds and 2 baths in 3000 square feet, and 10759 Boca Woods Lane with 3 beds and 3 baths in 2400 square feet.
It drops from there with 10718 Boca Woods Lane selling for $215K after well over a year on the market. The house has 3 beds and 2 1/2 baths in 2400 square feet.
And at the bottom, 10376 Sunset Bend Drive sold for $100K with 2 bedrooms and 2 baths in 2000 square feet.
Two homes sold on Brookville Lane in Meadow Lakes:
$370,000 – 10266 Brookville Lane, 4 bedrooms, 2 1/2 baths, 2300 sq.ft.
$359,500 – 10181 Brookville Lane, 4, 2 1/2, 2700 sq.ft.
And 23097 SW 59th Way in Sandalfoot Cove sold for $343K with 4 beds and 2 baths in 2250 square feet.
In Part Two of reviewing sales in May, we look at houses that sold for less than $800K. This is for homes west of the Turnpike (as far north as Atlantic) with over 2000 square feet of living space. Most of these transactions were west of US-441 and south of Clint Moore.
Boca Falls: $473K to $721K
21351 Falls Ridge Way in The Estates sold for $721,000 after four months on the market. The large home has 7 bedrooms, 4 full and 2 half baths in nearly 4600 square feet, and 4 garage spaces. It’s on a corner lot with no lake view. At $158 per square foot it looks like a bargain though the house could use some updating in the bathrooms.
Also in The Estates, 21278 Falls Ridge Way sold for $590K after just 4 days on the market. The 5 bed, 3 bath house has just under 3200 square feet of living space on one floor.
The low end for Boca Falls was $473K for 12336 Antille Drive in the Cascades subdivision. The 4 bedroom, 3 bath house has nearly 2800 square feet on two floors, with no waterfront and no pool.
Others in Boca Falls include:
10885 Bal Harbor Drive in Boca Isles South sold for just under $700,000. The 5 bedroom, 4 bath home in 3300 square feet has many upgrades including a circular driveway, gorgeous pool deck and high end kitchen.
19916 Dinner Key Drive sold for $360K with 4 beds and 2 baths in 2300 square feet. The smaller home needs updating and the lot backs up to the road noise from Cain Blvd.
Others in Boca Isles:
Boca Chase: $350K – $410K
18348 Coral Chase Drive sold for $410K with 4 bedrooms and 2 1/2 baths in 2700 square feet, including a large second floor balcony overlooking the backyard pool and lake view.
Boca Winds: $400K – $510K
12737 Tulipwood Circle sold for $510K. The house has 5 bedrooms and 2 1/2 baths in 2900 square feet, including a lake view, small backyard pool, and recent updates to the kitchen and bathrooms.
All five Boca Winds homes in this report have water views.
$495K – 22313 Vista Lago Drive, 4 bed, 3 bath, 2700 sq.ft.
Loggers’ Run: $355K – $750K
21406 Sweetwater Lane sold for $750K. The renovated 29 year old home has 5 bedrooms, and 4 baths in 4450 square feet, mostly on one floor on a 3/4 acre lot. There is a 550 square foot bonus room on the second floor.
Saturnia: $505K – $800K
In Part One we mentioned one Saturnia home that sold for a bargain $800K with 4700 square feet. An even bigger bargain was 11845 Bayfield Drive at $690K with 5 beds, 4 1/2 baths also in 4700 sq.ft. While the listing does not indicate short sale or REO, we do think it was some form of distressed sale.
In the $400K range, 22329 Rushmore Place sold for $485K in Lexington Estates, with 4 bedrooms and 3 baths in 3000 squre feet. At the same $485K, 22486 Martella Avenue in Boca Rio has 4 beds, 3 baths and 2400 sq.ft.
In Timbers of Boca, 21131 White Oak Ave sold for $434K with 4 beds and 3 baths in 2100 sq.ft.
Moving into the $300K range, two homes sold in Escondido. At $399K, 8769 Escondido Way has 3 beds and 2 baths in 2100 sq.ft., and 21150 Escondido Way with an extra half bath sold for $370K.
In Stonebridge, 10562 Harich Lane sold for $352K with 3 beds, 3 baths and 3100 square feet. Three other homes sold in Stonebridge between $260K and $290K.
Two homes sold in Boca Woods. 11037 Clover Leaf Circle sold for just $185K with 3 beds and 2 baths in 2000 sq.ft. 11116 Boca Woods Lane sold for $250K with 3 beds, 3 baths, and 2700 sq.ft.