27 August 2010

Property Values: What to expect around $500,000

Much in demand are currently modern homes in the price bracket $500,000 to $599,000. Here is a look at some of the available modernist homes and townhomes in that range:
Alfred Browning Parker built this classic mid-century residence (above) in Coconut Grove in 1953. It has two bedrooms, one bathroom and an office on 1072 sf under air – not large by today's standards, but an open floor plan and wrap-around balconies integrate tropical outdoors and indoors nicely. $599,000.

Within walking distance to the beach are these new townhomes in Pompano Beach. Three bedrooms, three bathrooms and a guest bath are spread out over approx. 3,031 sf under air, with several models available, including some on the water with private dockage. Starting at $578,788; waterfront units are in the $800,000s.
A five-bedroom/four bathroom home directly on a golf course in Tamarac, with ca. 3,940 sf under air, built in 1969. The property offers volume cedar ceilings, a wood/gas fire place, an oversized garage and pool with spa. $549,000.

Short sale in Miami Shores: a waterfront home with 122 feet on a deep canal, with no bridges to the Bay. Renovated kitchen and baths; big master suite, kitchen open to the family room. 4 bedrooms, 2 baths, ca. 2,880 sf, two-car garage, corner lot, built in 1949. Reduced twice to $525,000.
Another townhome, this time in Highland Beach, located just north of Boca Raton. Waterfront with dockage included (!), and pet friendly to boot. Completely updated, with 3 bedrooms, 2 bathrooms and a guest bath, ca. 1,456 sf under air, built in 1977. $540,000.
1950s mid-century home with Bay views in Miami, offering four bedrooms and three baths on ca. 2,220 sf under air. Bay across the street affords water views, vaulted ceilings and a open split floor plan emphasize space. $485,000 (admittedly, that's not in the $500,000 range, but only because it was just reduced. That's not my fault, really.)

International Style and Brutalism made love and gave birth in Lighthouse Point, to a 4/3 with ca. 2,800 sf (the listing Realtor calls it "hip and contemporary Frank Lloyd Wright style”. A visit to the history page could clear that up quickly). Built in 1971, with impact doors and windows throughout, and a pool. Reduced this week from $549,000 to $499,000.

If you're not completely thrilled with what you see here, email me for alternative suggestions please.

In the meantime, thanks for reading this post!

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