rag Cove n o i t c l Ele
e
Loca
Dr. Charlton Alder: Page 20
J ULY 2013 • V OL 9 • I SSUE 4
WWW.AVENTURADIGEST.COM
P UBLISHED B Y T HE S OUTH F LORIDA S UN T IMES
Buy now, property prices on the rise By Lisa Overing - Aventura Digest
Real estate prices in Aventura are going up, along with interest rates, although that won’t stop the surge of cash buyers coming from Brazil for condos in Aventura and Sunny Isles. While there are still thousands of properties available and new condominiums in development, the market is now experiencing a rental shortage. “There is not a lot of lowincome housing in this area,” says realtor Mindy Bloom. “The one bedroom apartments in Hidden Bay Condominium in
Aventura are listed and closing in the mid to high $200’s. It takes at least $400,000 – 500,000 to buy a two bedroom apartment in Aventura today, with prices at new high-end condos over $600,000.” Pre-construction condos are 70-percent sold and some buyers are paying over appraised value for properties, even if financed, and coming up with the difference. “Of course it doesn’t affect people with cash,” says realtor Lisa Mula. “There are still people coming into invest in new
buildings for second and third homes.” “The market picked up in December and January,” says realtor Judy Luck Jordan. “There is a lack of inventory.” Realtor Debbie Finke says that Aventura, with its prime, central waterfront location and numerous community amenities, just doesn’t seem to stop growing. Aventura’s transient population means a mobile market for realtors, with lots of buyers and sellers. “Prices are inching up, not flying up,” says Finke. “The
market is moving, it is better now. We’ve seen up markets and down markets. Currently, we are in more of a natural, normal market. Not a boom or bust. It’s
Island Resort Living at... Azalea Gardens Discover a hidden gem in Hollywood that offers seniors a wonderful lifestyle, peace of mind, and compassionate care; all within a serene, tropical environment. Since fresh air and outdoor living can have a beneficial effect on residents and their health, Azalea Gardens, a Timeless Life Care community, was designed and is meticulously maintained to produce an atmosphere that is an oasis for the senses. The gorgeous botanical garden is a sight to behold, with rainbow-hued colors and lovely fragrances that fill the air. A walking path winds through a lush landscape with a
variety of fruit trees, inviting a peaceful stroll. Magnificently spacious gazebos with benches offer shade and comfort, as an overhead fan creates a refreshing breeze. Residents and visitors can enjoy the serenity of a duck pond, as well as the beautiful Japanese Koi displaying amazing shades of gold, orange and black as they gently swim through the pristine waters. Nearby fountains, featuring gently trickling water, create a soothing ambiance, as a myriad of butterflies adds to the beautiful atmosphere. The earth-friendly environment extends to the
more like it was in 2002 – 2003.” With Miami being the lucky beneficiary of a lot of foreign
CONTINUED ON PAGE 22
residences, which creates a lovely sense of flow connecting each suite to the stunning gardens. Just outside their doors, residents, their friends and family can take in views of the extraordinary surroundings from their own porches. Fully furnished rooms are available or individuals may personalize their space with their own possessions. As Director of Community Relations Chris Snider explains, “The goal of Azalea Gardens is to provide Timeless Life Care in an aging-in-place facility. We are dedicated to promoting the well-being of each resident and helping them to maintain their independence in a
CONTINUED ON PAGE 7