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.
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.
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.
10666 Stonebridge Blvd sold for $410,000 in March.
Stonebridge Country Club is a golf course community of 398 homes on the west side of US-441 north of Clint Moore. 23 homes sold in 2017 with prices ranging from just over $100,000 up to $495,000. The average price for 2017 was $311,500, a substantial drop from the 2016 average of $351,000. Communities with mandatory golf membership often face a challenging market for home prices and that doesn’t appear to be getting easier. The average price in dollars per square foot was just over $100, well below the $180 or more that we typically see in West Boca gated communities. Ten of the transactions were for less than $100 per square foot and only two were over $130/sq.ft. The average home took just under four months to sell. Want to find out how much your home is worth? Contact Warren at 888-733-5299, email@example.com, or submit the form below. [contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email or Phone’ type=’text’ required=’1’/][/contact-form] 10264 Spyglass Way was the lowest price and really an outlier at $102,500 for a 2600 square foot house with 3 bedrooms. It appears to have been a desperate sale by the estate of a deceased owner. All other homes sold for $180K or higher including two “REO” homes for just under $200K. On the bright side five homes sold for over $400,000 including two at $495,000. 10499 Stonebridge Blvd sold for $495K with 5 bedrooms and 5 1/2 baths in nearly 4000 square feet. The smaller 10241 Shireoaks Lane also sold for $495K with 4 bedrooms and 3 1/2 baths in 3400 square feet. The top price in 2016 was only $482,500 so there’s some hope for homes at the higher end. We’re getting an early start on our annual reports so it’s possible there will be one or two more transactions closed by the end of 2017.
Stonebridge Country Club is in the northwest corner of Boca Raton, on the west side of 441 north of Clint Moore. The entrance is across from the 441 entrance to The Oaks. The community has just under 400 single family homes. It’s a great community to live in, with a recently renovated golf course, top-notch tennis courts and fitness center, and a gorgeous clubhouse with great food. This Friday we were invited to an event at the clubhouse put on by the Realtors Association of the Palm Beaches. PBSO Deputy John Ledford was the main speaker, and he talked about safety concerns and practices for real estate professsionals.
The clubhouse is a fairly large space easily holding an event with well over 200 people. There was even more space in the next room which had the breakfast buffet. Stonebridge hired John Iannotti as the club’s general manager in 2014. We’ve heard he’s doing a great job, especially with the food. Many people went back for seconds. The event was followed by a tour of open houses. There are currently 26 homes in Stonebridge on the market with prices ranging from below $200K up to $530K, with one 3-bedroom house currently listed at only $125K as an estate sale. The lowest prices are on Spyglass Way in the northeast corner of the community. There were 17 transactions in the past year from $170K to $500K.
10570 Harich Lane is on the market for $355,000. It has four bedrooms and three full baths in 3000 square feet. The house seemed to be in mostly good shape. The backyard has a pool and faces woods. There’s nothing behind it but empty land and the Loxahatchee Wildlife Refuge. The master bedroom has a nice slider looking out on the pool. And the kitchen is in pretty good condition.
Next up is 10402 Stonebridge Boulevard, on the market for $349K. It has four bedrooms and three baths in 3250 square feet, along with a screened-in pool. On the way to the last house we noticed a gorgeous home not on the market at 10361 Parkstone: Across the street sits 10360 Parkstone, which has large trees blocking any attempt to get a good photo of the front of the house.
This house has four bedrooms and four baths in nearly 3500 square feet, and is listed for $460K. It did not feel as big as the numbers indicate and we didn’t find it staged in an appealing way, though the kitchen does look very nice. The screen doors in the backyard seemed to need work, but this was the only house that had a nice view. Overall this last house appears to be overpriced relative to the other houses on the market. Like many country clubs, prices are low because of the mandatory membership which gets expensive. It starts with over $50K you need to pay to join the club (another $15K if you join for golf) and in the ballpark of $25K per year in dues, association fees and other expenses. You can get a great house in Stonebridge for a very good price. It comes with a pleasant lifestyle if you can afford the annual expense.
•••WEST BOCA RATON••• TRAFFIC ACCIDENT US Hwy 441/Stonebridge Country Club PBCFR Station-54 is onscene of a head-on collision, heavy damage, 2 occupants unconscious trapped, extrication is underway, 3 Rescue units requested, 2 ground Trauma Alerts to Delray Medical Center
This morning we learned that the driver of one of the cars passed away on Friday in hospice. Phyllis Panzer, age 88, owned a house in Stonebridge for 15 years. At the time of the accident the Sheriff’s office described the accident (early evening of April 19th) as follows:
V-1 (Panzer) was traveling northbound on U.S. 441 and was attempting to turn left to head westbound on Stonebridge Country Club Boulevard. V-2 was traveling southbound on U.S. 441 and as it reached Stonebridge Country Club Boulevard, V-1 turned left into its path. D-2 attempted evasive maneuvers to avoid a collision, but violently struck the front passenger side wheel of V-1 with its front end. D-1 (Panzer) and O-1 were transported to Delray Medical Center for serious injuries and remain in critical condition. D-2 was also transported to Delray Medical Center but for minor injuries.
Panzer’s passenger, Michael Weitzmann (91), is also a resident of Stonebridge. He suffered critical injuries. We do not have any update on his status. The police report indicates that Panzer and Weitzmann were not wearing seatbelts. The other driver, Jeffrey Young (59) of Lake Worth, was belted and suffered only minor injuries.
Homes in the 33498 zip code are located north of Glades Road, and west of 441. Neighborhoods include Saturnia, Boca Isles, Island Lakes, Stonebridge, Shores, Boca Greens and the northern part of Mission Bay. The schools have an excellent reputation and the area has one of the lowest crime rates in Palm Beach County. In addition, there are many unique attractions both nearby and within, such as South County Regional Park. Stonebridge Golf and Country Club is a gated community located on 441 just north of Clint Moore Road. There are just under four hundred homes. It has a large clubhouse with a state of the art fitness center and many dining options. There is an 18 hole private golf course and 6 Har-Tru tennis courts. Equity membership is required. The Mediterranean ranch home at 10786 Ashmont Drive in Stonebridge sold for $500,000. It has 4 bedrooms and 3.1 bathrooms in 3325 sq. feet of living space. The open floor plan features marble floors and a high end chef’s kitchen with granite counters and stainless steel appliances. The home overlooks the golf course and has a huge covered porch. The in ground heated pool is surrounded by a tumbled marble pool deck. Built in 1987, it was last purchased in 2012 for $560,000. It sold at a high of $760,000 in 2007. The Saturnia neighborhood is wonderful for families and offers a 24 hour guarded gate, clubhouse, pool and spa. It also has basketball and tennis courts, and a fitness center. Students attend the highly regarded Eagles Landing Middle School and Olympic Heights High School, though some go to other area schools. There are HOA fees. The exquisite home at 19213 Natures View Ct sold for $700,000. It has 5 bedrooms and 3 full bathrooms in 3544 sq. feet of living space. The circular drive leads to a 3 car garage and large entryway. Ceramic tile and wood are throughout the house. The master bathrooms has double sinks and was recently renovated. There is an oversized kitchen with granite counter tops. The large salt water pool and screened in lanai overlook the lake. It was built in 2000 and last sold for $660,000 in 2004. The original purchase price was $443,894.
The contemporary home at 11729 Preservation Lane was sold by our brokerage (Signature) for $702,000. It has 5 bedrooms and 4 full bathrooms in 4081 sq. feet of living space. The grand stair case leads to a private master bedroom with sitting room and gorgeous bathroom. A unique feature is a spiral staircase in the back leading to a large master bedroom deck and overlooking the pool. The salt water pool overlooks the canal. Built in 2000, it was purchased for $610,000 in 2012. 19122 Two River Lane sold for $645,000. It has 5 bedrooms and 3 full bathrooms in 3348 sq. feet of living space.
The Shores is a gated community on the north side of Yamato across from South County Regional Park. Amenities include a clubhouse with exercise room, picnic area, tennis courts and a pool. Students attend Sunrise Park Elementary School, Eagles Landing Middle School and Olympic Heights Community High School. The courtyard home at 18539 Ocean Mist Drive sold for $585,000. It has 5 bedrooms and 4.1 bathrooms in 3421 sq. feet of living space. The home has a new kitchen with granite counters, subway tile backsplash, stainless steel appliances including a double oven and a breakfast nook. The first floor master bedrooms suite has a sitting area, 2 walk in closets and a luxurious marble bath with jetted tub and shower with bench. A special feature upstairs is the loft. A heated pool and spa overlook the lake and a guest house. Built in 1995 for $372,800, it was sold for $550,000 in 2014. Other neighborhoods:
19655 118th Trail S. Front in Florida Fruitlands sold for $950,000. It has 6 bedrooms and 4.1 bathrooms in 5369 sq. feet of living space. Boca Isles 19234 Inkwood Court in Boca Isles sold for $509,250. It has 5 bedrooms and 3.1 bathrooms in 3383 sq. feet of living space. 20034 Ocean Key Drive in Boca Isles sold for $537,500. It has 4 bedrooms and 3 full bathrooms in 2660 sq. feet of living space. 10895 Tea Olive Lane in Boca Isles sold for $500,000. It has 4 bedrooms and 3 full bathrooms in 2676 sq. feet of living space.