Lake Nona, the home sellers in the exquisite gated golf and country club are having a hard time selling their luxury real estate currently listed for sale in the MLS. Days on the market are very high and sold prices are much lower compared to homes currently on the market suggesting them to be overpriced. Because of Medical City, the Lake Nona area is destined to be the high growth area in Orlando and central Florida, however for some sellers the time can no come fast enough. For more information on Lake Nona Real estate continued here………
Increasing Property and Home Value for Resale
February 9, 2012 By
By Erik Braunitzer, and courtesy of Douglas Elliman Real Estate Company, agents for NYC Rentals.
Your house is not free from the hazards of everyday life. Water damage, chipping paint, and even just the passing years can have a dramatic effect on your home. As you prepare to leave your humble home for a new house you need to spruce up the old place to make it appealing to buyers. What can you do to improve your home for resale?
First off, you need to remember that focusing on the outside is just as important as focusing on the inside. First impressions are everything, so if you can impress someone the instant they see the outside, you’ll already have a good start. You may not believe it, but a new coat of paint can do wonders for a home. It’s as if that fresh coat of paint revitalizes the house and really grabs the eye from the outside. Having a freshly cut, healthy lawn can also greatly improve your standing with buyers. If you have the means, landscaping is even better. Some lovely plants, shrubs, trees and even a garden can really liven up your yard and add some personality and color.
A more costly option, but a great one, is a carport. Carports are cheaper to install than garages, but serve the same general purpose. Carports can greatly increase the value of your home as long as the carport is permanently installed.
The interior is the place many sellers dread to fix up for resale. Many homeowners can walk through their house and list off everything they either need or want to do to whatever room they see. Fixing up the interior of your home doesn’t need to be a nightmare. It just requires some cleaning and some key improvements.
To start off, we’ll go back to an old favorite. Painting the interior of your home can have just as big of an impact as it does on the outside. It makes every room seem fresh and new and appeals very well to new buyers.
If you have carpet that is old, stained, torn or worn out, consider getting new carpeting. Remember, though, if you do decide to get new carpets get them after you have painted and the paint has dried. There is no point in getting new carpeting if it’s only going to get marred by paint stains.
As for any tiled or hardwood floors, if the tiling is dingy, stained or discolored, you should also consider replacing that as well. Where carpeting might have to be installed by professionals, tiling can be done on your own. If you don’t feel comfortable doing any of the cutting or measurements, you may need to call professionals. As for hardwood floors, you’re probably better off giving them a good cleaning instead of trying to replace them.
You’d be amazed what some cleaning, a good coat of paint and some elbow grease can do for the resale value of your home. Remember that you’re not only fixing up your home to sell it, you’re fixing it up so someone else can enjoy your home just as much as you have.
Orlando Luxury Real Estate – Lake Nona MLS sales dropped
February 2, 2012 By
Lake Nona, the ultra-luxury real estate development on the East side of Orlando, close to the international airport and the Medical City complex is having a chalenging time in selling their luxury homes. According to the MLS sales in Lake Nona, over 2010 dropped by 33%, the average per sq. ft. home price dropped as well; here is more information, http://www.homesforsalelakenonaorlando.com/lake-nona-market-update
Sold Top Of The Line Amenities Between Lakes Maitland & Osceola Winter Park FL
January 2, 2012 By
Sold Top Of The Line Amenities Between Lakes Maitland & Osceola Winter Park FL
Absolutely stunning four bedroom, four and one-half bath canal-front, Adobe home situated between Lakes Maitland and Osceola.This home is full of beautiful details and top-of-the-line amenities ~ gorgeous wood and travertine floors, custom wood doors, a gourmet kitchen with custom cabinetry and professional-series appliances, two wood-burning fireplaces, formal living and dining rooms, a bonus room, and plenty of windows to enjoy the breath-taking pool and lanai views. The first floor master suite offers a direct view of the pool, a fireplace and a spacious master bath. A beautiful, enclosed boathouse with tile roof is set right on the canal. Located on a quiet tree-lined street ~ walk or bike to wonderful restaurants and shopping on Park Avenue! The beautiful Kraft-Azalea Garden is just a stroll away.
Listing Price: $1,895,000
List Price Per Sq. Ft.: $446.09
Sold Price: $1,050,000
Sold Price Per Sq. Ft.: $270.72
Sq. Ft.: 4,248
Lot Size: .34 Acres
Sold Date: 12/30/2011
Listing Broker: Kelly Price & Company LLC
Selling Broker: Kelly Price & Company LLC
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Sold Exquisite Isleworth Garden Villa In Desirable Isleworth Windermere FL
December 28, 2011 By
Sold Exquisite Isleworth Garden Villa In Desirable Isleworth Windermere FL
Spacious gourmet kitchen with hand crafted cabinetry with the highest quality workmanship and details.Sub-zero, wolf and viking appliances.Elaborate tounge and groove ceiling that covers the intire outside living area.unique copper summer kitchen situated next to the luxurious pool and spa. Glass walls fade away and bring the outdoors in. One of a kind elevated lot with beautiful views of the Lake. Running or walking trails through out breathtaking Villa grounds. Isleworth is one of the most exclusive golf communities and offers unparalled privacy, 24 hour security patrol, and guarded gate house.This is a fabulous home for entertaining or relaxing by the tranquile pool.
List Price: $2,999,999
List Price Per Sq. Ft.: $692.36
Sold Price: $1,400,000
Sold Price Per Sq. Ft.: $323.10
Sq. Ft.: 4,333
Lot Size: .26 Acres
Sold Date: 12/20/2011
Listing Broker: Irwin Realty Group LLC
Selling Broker: Sundance Group Realty
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Sold Mediterranean Estate Home in Windsong Winter Park FL
December 27, 2011 By
Sold Mediterranean Estate Home in Windsong Winter Park FL
Short Sale. Fabulous five bedroom Mediterranean estate home located in the desirable neighborhood of Windsong! This incredible home features top-of-the-line architectural details and finishes throughout ~ hardwood andtravertine floors, crown mouldings,gorgeous granite, beamed and cathedral ceilings, custom cabinets, and much more. The floorplan includes a master retreat with two spacious walk-in closets (one with washer/dryer hookup), a formal living room with fireplace, a formal dining room, a large family room, a theatre room, a second-story bonus room, and an in-law suite with private living area with wetbar. Two covered lanais overlook the majestic pool and professionally landscaped backyard. Two garages (one two-car & one one-car), fenced backyard, and great curb appeal. Windsong offers a beautiful community building with pool overlooking Lake Mizell with private boat ramp, a pontoon boat available for a small fee to residents, and a secondary pool with waterfountains — great for kids! Wonderful location — bike to Park Avenue or Baldwin Park. Close to local hospitals and Downtown Orlando. Great Winter Park schools!
List Price: $1,995,000
List Price Per Sq. Ft.: $330.63
Sold Price: $1,900,000
Sold Price Per Sq. Ft.: $314.88
Sq. Ft.: 6,034
Year Built: 2007
Lot Size: .43 Acres
Listing Broker: Kelly Price & Company
Selling Broker: Keller Price & Company
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680 Valley Stream Dr Geneva FL Virtual Tour
December 20, 2011 By
Luxury Real Estate Developments are Sprounting Up Again in the Orlando Area
December 18, 2011 By
According to the Orland Business Journal of December 16th 2012 issue a new luxury home development is being built in Orlando next to Universal Studios, Here is the Article , it is called Toscana Lake Villas, it is a development of 3 story luxury single family homes with elevators and every imaginable amenity starting at $600,000 facing Spring Lake. Our Orlando Luxury Real Estate website is featuring all the newest subdivisions and luxury development through our Hi-tech MLS setup. New luxury developments are opening up all over the Orlando area, Disney just opened up http://www.disneygoldenoak.com, here are ultra luxury homes build offered staring price is $1.3M and there will be 37 homes sites with some of the most sensations homes being built. Gitta Sells and Associates are servicing the greater Orlando luxury real estate market in all 5 counties, and are ready to serve any discerning luxury buyer and seller. As a certified luxury real estate agent, Gitta Sells and Associates understand that dealing the luxury buyers and sellers, privacy is of utmost importance.
Sold Through Absolute Auction – Over 18,000 Sq. Ft. On the Butler Chain of Lakes Orlando FL
December 17, 2011 By
Sold Through Absolute Auction – Over 18,000 Sq. Ft. On the Butler Chain of Lakes Orlando FL
“This luxury mansion with guest house and boat house will be sold at a TRULY ABSOLUTE AUCTION to the highest bidder on November 19, 2011 at 11AM. Preview this property every Saturday and Sunday from 12-4PM. Contact listing agent for more information.The grandeur of a Palm Beach Mansion on the Butler Chain of Lakes minutes from Windermere. Total privacy afforded by 11 acres of lushly landscaped grounds, walls and gates. A one of a kind 1,000 s.f. boathouse with full kitchen, bath, expansive deck andspectacular water views. The elegance of master artisans is evident throughout and careful attention was given to creating spaces drenched in light and enhanced with the natural beauty of the environment. Large rooms are warm and inviting and open to either lavish entertaining or more intimate gatherings. Most rooms open to outdoor terraces, porches or balconies. The 1st floor consists of the parlor, family room, kitchen, dining room, library and master bedroom suite. Two staircases and an elevator lead to the 2nd floor. There are additional closets for the master, 5 bedrooms, sitting rooms and a salon. A balcony with wrought iron railing overlooks the gathering room below and while open terraces provide views of the gardens and lake. The 4 car garage with lift, generator and workshop. Paths lead to orchid house, green house and conservation trail. Two story guest house has boardwalks through lush conservation area to private screened boat house. Additional property address is 8943 Trout Rd.
List Price: $5,900,000
List Price Per Sq. Ft.:$313.05
Sold Price: $3,960,000
Sold Price Per Sq. Ft.: $210.11
Sq. Ft.: 18,847
Lot Size: 6.28 Acres
Year Built: 2000
Listing Broker: Main Street Realty Int’l
Selling Broker: Buyer Rebate Realty
Sold Date: 12/16/2011
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Orlando Luxury Home Sales update for 11 Months of 2011
December 16, 2011 By
Orlando luxury real estate is experiencing a slight slowdown in sales and the average per square foot price for the first 11 months of 2011. There were 64 sold luxury homes so far in 2011 compared to 70 sold homes in 2010. A luxury home is one defined as being priced over $800,000 and higher. Currently there are 158 luxury homes for sale, priced between $800,000 and $10,900.000. The average day on the market is 330 days, and the average price is $1,623,694 and the per sq., ft. price is $308.44. The median price is $1,200,000 or $280.78 per sq. ft. There is 4 bank owned luxury homes on the market, they are priced from $800,000 to $1,100,000, and are located in such luxury developments as Vizcaya, Fairway Springs, Lake Nona Estates and Porter Sunshine. Also, there are 14 short sales; they are located in such premier developments as Vizcaya, Philips Landing, and Estates at Philips Landing and Park Lake Towers. The average price for sold luxury homes for 11 months in 2011 was $1,278,538 and the per sq. ft. price was $220.89, and the days on the market were 226 days, these luxury homes sold 88% of asking price. In 2010, the average price was $1,193,605, and the average per sq. ft. price was $243.64. While the average house price increased in 2011, the per square foot price decreased by 9.4%. The increase in the average price per home and the decline in the per square foot price were caused by larger homes and generally more expensive homes selling at lower prices. At the current sale rate, of 6 luxury homes selling in Orlando per month, and with a current inventory of 158 homes for sale, there are 26 months unsold accumulation of luxury homes available. The proportion of traditional homes currently being marketed to distressed homes is still relatively low, 11.3%; however, 2012 will show an increase in distressed homes on the market for sale, as banks have started again, aggressive foreclosing on delinquent home seller. Looking into 2012, the Orlando Luxury Real Estate market we will see a continued growth in distressed luxury homes and a downward pressure on prices.
