Tuesday, March 3, 2020

View the MLS Listings of Marina Grande Condos








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Monday, March 2, 2020

#1407 Just Reduced to $599K or Lease for $4750/mo Furnished

Play VisualTour
#2007 Sold for $650,000 in May 2014
#1607 Sold for $694,500 in May 2007
#907 Sold for $580K in Jan 2015 (parquet floors)
#707 Sold for $614,500 in Sept 2014

Thursday, February 20, 2020

How to Built a Fireplace for $2500


These are photos from my most recent fixer upper.  I do all the renovations except for tile work.
$2500 included materials and stone installation (2 guys/7 hours)


Thursday, August 22, 2019

Testimonial from a Hollywood Actress


Turn up the Volume! 
She Purchased this Miami Condo from me via Skype

Tuesday, April 23, 2019

Wednesday, November 21, 2018

A Restaurant is Proposed for the Old Crab Pot Site

Photo of Sailfish Marina
The vacant lot at the south corner of Marina Grande was previously home to the Crab Pot restaurant and it sold during the 2005 real estate boom for $3.076M.  The new owner tore the landmark restaurant down because they were planning to build a 16 story residential tower.  Unfortunately, the market crashed and the lot has been sitting vacant ever since.   The vacant parcel sold again in 2015 for $575,000 and the latest proposal is...another restaurant!

If Marina Grande residents and the new owner can work together on the design, this could turn out to be a phenomenal amenity for residents.  Imagine a mini Sailfish Marina (with boat docks) that you can walk to for dinner. 

I decided to survey realtors who have listed / sold in Marina Grande for their opinion on a restaurant / tiki bar versus building a high rise condo (would block ocean views from the pool deck).
SURVEY RESULTS: 75% prefer to see a restaurant / tiki bar and over 80% would take a prospective client there for lunch.

All of the buyers that purchased my listings in 2018 are looking forward to a tiki bar.

Thursday, August 30, 2018

I Sold #1004 in 15 Days for $415K! 2BR+Den / 3.5BA with 1,960SF under air

Play VisualTour

**The 3rd bedroom was not enclosed and the flooring is Armstrong laminate in main areas and carpet in bedrooms**

Wednesday, April 11, 2018

I SOLD PENTHOUSE 2401 in 2 WEEKS AT LIST PRICE $399K & BUYERS WERE COMPETING

Play VisualTour
It was previously listed for months with zero offers and I had multiple offers competing!   How did I get over 3,000 people to view the visual tour above in just a few days?

Monday, January 1, 2018

Buyer Question "Is Marina Grande in a Flood Zone"

First floor condo owners should have flood insurance because the association policy only covers up to the drywall.


Tuesday, April 18, 2017

Suntex Acquires Loggerhead Marina Next to Marina Grande

Click Here for News Story

Loggerhead Marina, adjacent to Marina Grande, was acquired by Suntex Marina in April 2017.   
Click Here to check out their new website.  Suntex owns 43 marinas in 12 states.

Tuesday, October 25, 2016

I Sold #1106 for $617,500 -- All Original

Play VisualTour
This condo has 3 bedrooms + Den or Dining Room / 3.5 baths with 2,287 sf under air and a 303 sf wrap around balcony.   It also has twice the number of sliding glass doors for panoramic views to the east and northeast.

Tuesday, April 19, 2016

High Speed Train Will Have a Positive Economic Impact



Palm Beach Billionaire, Jeff Greene is one of the strong supporters of the new high speed train.  Greene has been busy buying development parcels all over downtown W. Palm Beach.  Website> http://www.allaboardflorida.com/
  • 30 minutes from W. Palm to Ft. Lauderdale
  • 60 minutes from W. Palm to Miami
  • 2 hours from Orlando to Miami

Thursday, March 31, 2016

Thursday, July 16, 2015

Economic and Forecast Update (July 1, 2015)


My Summary:
  • Existing-home sales in May hit the highest mark since 2009
  • Buyers Are Back
  • Investors are Stepping Out
  • The principal reason for the inventory shortage is the cumulative impact of home builders not being in the market for well over five years.  
  • There is no massive shadow inventory that can disrupt the market.
  •  There is a housing shortage
  • The Federal Reserve will be raising short-term rates soon
  • All in all, existing and new home sales will be rising.

Monday, July 13, 2015

I SOLD PH2216 in 33 Days! My Buyer & Seller - Closed $600K

Play VisualTour
This unit is located in the sunny southeast corner of the building and originally sold for $715,000 in 2006.  The seller finished the inside with beautiful marble floors in all rooms, crown molding and pre-wired it for a surround sound system.  The penthouses have balconies that extend the full width of the unit, taller ceilings and taller sliding doors (10 feet).  In addition, this corner location has an extra wall of south facing widows which makes it feel much larger than the interior units.

Wednesday, July 8, 2015

PGA National Golf Club Has the Lowest Dues in the Area

PGA National Golf Club - Click Image for Info
PGA National Golf Club has the lowest membership dues in the area.  The full golf membership is less than half the cost of private clubs in the area and entitles the member to golf, tennis, racquetball, croquet, swimming, fitness and social facilities of the club.  No greens fees or court fees - only golf cart fees.  The best part-- 75% of the initiation fee is refundable when the membership is sold.  The membership can also be financed for 0%!

Contact me for summer and annual specials!  

Click the photo above to open a 4 page flyer. 

Tuesday, May 26, 2015

Sea Turtle Nesting Season March 1 through October 31st

As of June 12, 2015

Turtle nesting season begins March 1 and continues through October.


A typical nest will have 80 to 120 eggs and the baby turtles will hatch in 47 to 60 days.  They typically leave the nest at night.  Only 1 out of every 1,000 turtles make it to adulthood.

Monday, May 25, 2015

What Does it Cost to Build Marina Grande Today?


The land acquisitions VP for WCI Communities (developer for One Singer, The Resort on Singer and Evergrene) shared that the cost to build Marina Grande today is $280/SF plus land costs.  This is why new towers like Water Club in North Palm start at $400/SF for a bottom floor unit and are priced as high as $800/ SF.  "This makes it very clear that you won't find any new towers coming out of the ground for less than $400 per square foot," said Dickenson.

Thursday, December 11, 2014

Waterfront Homes: Premium Prices for Priceless Views

Excerpt from Palm Beach Post Story 12/9/14  Click Here to View Full Story
Units are priced from the $300's to $700K
Kevin Dickenson, an agent with Berkshire Hathaway Home Services, said 95 percent of his clients want to be on the water, and agreed there is not much in the way of newly-built inventory. He said his buyers are often interested in Palm Beach, but that many of the condos on the island are decades old and have “dated designs.”
The number of Palm Beach County waterfront parcels has increased just 8 percent since 2000, while non-waterfront parcels have grown by 17 percent, according to the property appraiser.
Still, Dickenson said there is newish inventory that can be found at reasonable prices.
Dickenson represents an investor who bought multiple units at the bottom of the market in the colorful Marina Grande condominium on the Intracoastal in Riviera Beach. Built in 2007, the 349-unit development suffered with the real estate downturn, losing buyers who didn’t mind walking away from their contracts when the market crashed.
He said units can be purchased now at the Marina Grande for about $200 per square foot, $50 to $100 less than at the peak.
“That is a bargain for a building built during the boom,” Dickenson said. “My investor is starting to sell and he’ll triple his money on some units and double it on others.”

Sunday, November 2, 2014

First Waterfront Tower Breaks Ground in Northern Palm Beach County


11/01/14 Water Club Breaks Ground
Water Club is the first new tower to come out of the ground in northern Palm Beach County.  "Unlike Miami, our area doesn't have any new waterfront condo inventory and there is tremendous pent up demand" said Kevin Dickenson with Berkshire Hathaway Home Services Florida Realty.   
 Water Club is located a few miles north of Marina Grande and will be comprised of two 22-story towers and 20 townhomes on seven acres.
Each tower will contain 74 total units with 2 and 3 bedroom plans.  The community has wet slips for 14 boats and parking will be under the two towers.  

CLICK HERE FOR A COPY OF THE PALM BEACH POST STORY

Why is this good for Marina Grande? 
Water Club's sales office opened in November 2013 and they delayed breaking ground to test the market.  Prices start at $689,000 for a 1,728 sf shell ($398/sf) on the 2nd floor with a view of the villa roofs and the side of the east tower.  Prices in Water Club go up to $833/ sf!  Click Here for Water Club December 2014 price sheet.

Marina Grande pricing starts that $189 / sf for a 2nd floor unit with superior intracoastal views.  A big 3 bedroom unit in the best stack on the 14th floor at Marina Grande has unobstructed ocean and intracoastal views and you can buy it today for $313 /sf.

Monday, October 13, 2014

A Sign of Things to Come? Miami Skyline October 2014


What's different during this boom?   Miami developers are a lot smarter!  They now require 50% deposits and this should cover their costs.

Tuesday, May 6, 2014

My Last 4 Sales - Price History from Opening Day

The photo above is a snapshot of 4 condos that I sold recently at Marina Grande.  The 2007 original sale price is shown, as well as the sale price at the bottom of the market, and today's sale price.

I sold units 1211 and 911 at the bottom of the market to an investor who purchased 9 condos in the building and he doubled his money on the first two we sold.  1712 was furnished with all marble flooring, and the chart also illustrates the value of a good finish out.

The current sale prices are still well below the 2007 opening day prices, and it is my opinion that there is still a lot more upside at Marina Grande.  For comparative purposes, the Ritz on Singer Island is now selling above the original opening day prices.

Billionaire Team Obtains City Approval for 1,059 Condos in Palm Beach County

Rendering of the six towers  (Credit: Arquitectonica)
Billionaire's Jorge Perez and the Huizenga Family teamed up and combined two waterfront parcels in Riviera Beach to build a massive condo development.  City commissioners approved 6 condo towers with 1,059 residential condos, a 15,000 square foot restaurant, 61,500 square feet of office space, 10,000 square feet of retail space, a beach club, boat docks and six mega-yacht slips.

CLICK HERE FOR A GOOGLE MAP LINK

During the real estate boom, George Perez planned to build Icon Palm Beach on the site next to Rybovich Marina, but the market turned and the project never made it out of the ground.  Kevin Dickenson, a Palm Beach Realtor, said "combing Rybovich Marina and Icon Palm Beach was a brilliant move and the key to city approval."  The next step is for the state of Florida to approve the development and it will likely be several years before the project breaks ground.  This development is located approximately 1 mile south of Marina Grande.

 "The developers have confidence the market will continue to increase and recognize the pent up demand for new tower condos in Northern Palm Beach County", Dickenson said.  Related and Huizenga Holdings claim the development would have an economic impact of $153 million and create nearly 1,000 jobs.