Prices fell sharply in The Shores for the first half of 2018 with an average of $496,000, down nearly 7% from the $531,000 average in 2017. This was largely due to the size of homes in the transactions as the per square foot price held steady at $171.
Eleven homes sold at a 22/year pace, a bit faster than the 19 transactions for 2017.
Five of the eleven transactions were over $500,000 or more, peaking at $551,000 for 11301 Sea Grass Circle, a four-bedroom with 3100 square feet all on one floor. The house includes a bonus second kitchen. Right behind that at $550,000 was 18576 Ocean Mist Drive, a six-bedroom with 3400 square feet on two floors.
Three 2900 square foot homes clustered in price just under $500K with two selling at $495,000 and one $493,000.
At the low end two smaller houses sold not far over $400K. The 2100 square foot three bedroom at 11484 Sea Grass Circle sold for $422,000, while 11435 Sea Grass Circle sold for $407,000 with four bedrooms in 2300 square feet.
On the bright side the houses are not taking as long to sell, averaging less than two months on the market. That statistic can be misleading as a few of the homes sold only after earlier listings failed. For example 11090 Blue Coral Drive sold on its fourth listing after it first went on the market in March of 2017.
The Shores remains somewhat saturated with 10 listings or about 3% of the homes in the development. That level of seller competition makes it a bit easier for buyers to find a deal.
We see only three transactions in The Shores for early 2017, ranging from $462K up to $648K. All three sold quickly, with the longest taking 39 days. The Shores at Boca Raton is on the far west end of Yamato Road, across from the north entrance to South County Regional Park.
At the high end, 11229 Sea Grass Circle sold for $648,000. The house has 5 bedrooms and 3 1/2 baths in nearly 3400 square feet under air. It’s on a large lot and a little waterfront though not the best angle for the lake and there’s no pool. There are many upgrades including impact windows. The kitchen is a bit odd, with a large island and little other counter space.
Priced in the middle at $550K was 18584 Harbor Light Way, with 4 bed and 2 1/2 baths in 2800 square feet all on one floor. The house has a mid-lake view and a screened-in pool. There are a number of upgrades in the kitchen and elsewhere, but they may not be to everyone’s taste.
Last and probably least, 11357 Sea Grass Circle sold for much less at only $462,500, with 5 bedrooms and 3 1/2 baths in 3000 square feet. The house has good bones and a fairly good location – no waterfront but the back faces park land that will not be developed for a long time if ever. Inside it’s clean but dated and many buyers would do extensive remodeling. Thinking of buying or selling a house in West Boca?
Warren Redlich is a West Boca real estate agent who lists homes for $500K and up. Here we report on homes sold since December 2014 in zip code 33498. Warren is a licensed sales associate working with the Signature International Real Estate brokerage.
Homes in the 33498 zip code are located north of Glades Road, and west of 441. Neighborhoods within this region include Mission Bay, Island Lakes, Boca Isles, Boca Greens, Saturnia, Lakes of Boca Raton, Boca Chase, and Stonebridge. Many of these communities are gated and Google Maps does not have “street view” of the homes. Due to restrictions on real estate photos, we are using Google satellite images for this article.
The schools in this area have an excellent reputation and 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.
The following homes sold in December 2014 and January 2015:
This luxurious home at 11726 Watercrest Lane, located in the Saturnia Development, sold for $690,000. It has 5 bedrooms and 3 full bathrooms in 3544 sq. feet of living space. It is located on the lake on a corner lot and has a circular driveway. Built in 1999, it has been remodeled to include a game room, screened porch with full outdoor kitchen and upgraded cabinets and granite counter tops.
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 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.
Also located in Saturnia, this 5 bedroom home at 19163 Two River Lane sold for $708,000. It has 4 full bathrooms and 4170 sq. feet of living space. It was originally purchased in 2000 for $379, 806. It has ceramic tile throughout and an enclosed pool. There are also views of the lake.
The next home at 10712 Avenida Santa Ana was purchased for $547,000. Located in the gated “The Isle” in Mission Bay, it has 4 bedrooms and 3 full bathrooms in 2715 sq. feet. The kitchen has dark wood cabinets, granite counter tops and stainless steel appliances. There are beautiful views of the lake and pool from the kitchen window. All the bathrooms were recently renovated.
Two other homes sold in Saturnia: 11852 Bayfield Drive (5 beds and 3 baths) went for $559K and 11745 Preservation Lane (5 beds and 4 baths) went for $725K.
The Mission Bay development consists of over twelve hundred homes within 10 “villages.” Certain villages have their own sub-associations. The community is 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 and is near commercial plazas including Sports Authority and Mission Bay Plaza. There are swimming pools, tennis leagues, social events and more. HOA fees vary.
This 5 bedroom home at 19275 Cloister Lake Lane in Boca Isles North sold for $550,000. The home has 3 full bathrooms and a 3 car garage. It is located on a cul-de-sac and has an in ground pool. The kitchen has dark cabinets, granite counter tops and stainless steel appliances. The bathrooms have custom vanities. It was built in 1994 and renovated in 1999. Originally purchased then for $255K, it was purchased in 2006 for $793K. The property is wedged in and has no particular view, though there is a nice screened in area in the back.
There are two Boca Isles neighborhoods, west of Cain Blvd and south of Yamato Rd. We call them Boca Isles North and Boca Isles South, though we see some references to just “Boca Isles” as well as to a “Boca Isles West.” Sunrise Park Elementary School is nearby. Both are zoned for Eagles Landing Middle and Olympic Heights High School even though West Boca High is a lot closer.
A ranch home at 10690 Maple Chase Drive in Boca Isles North sold for $535,000. The home has 4 bedrooms and 3 full bathrooms in 2660 sq. feet. It overlooks a lake and has an in ground pool. Built in 1993, it was originally purchased for $259, 500 and sold in 2001 for $389,000.
Just down the street, 10582 Maple Chase (5 beds, 3 baths) sold for $570K. A smaller 4-bed, 2-bath house at 10792 Queen Palm Court sold for $405K. In Boca Isles South, 20130 Ocean Key Drive (4 beds and 3 baths) sold for $475K, and 20145 S Key Drive (5 beds, 3 baths) sold for $655K.
The Shores is another gated community on the north side of Yamato across from South County Regional Park. Within there 11041 Blue Coral Drive sold for $515K on December 1st. It’s a somewhat unusual structure with 4 garage doors. It has 5 bedrooms and 3 1/2 baths and sits on a cul-de-sac. The backyard has a fairly large screened-in area with a pool and a bit of a lake view off to the side.