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Pinecrest, FL Real Estate News

By Maggie Dokic /Indialantic | 321-252-8696, Selling the beach in Florida's space coast
(Magdalena Dokic)
The Village of Pinecrest was one of only six cities in the U.S.  hosting this guest.  The guest?  A rare original print of the United States Declaration of Independence that is on a traveling tour. The visit was made possible by the students at Palmetto Senior High School, who were top participants in mock elections held across the nation's schools.  The mock elections were put together by organizations wanting to foster an appreciation of the democratic process in students throughout America.  The students at Palmetto Sr. High embraced the event and in the process earned themselves the opportunity to have the rare document come for a visit.  Way to go Palmetto! Over 1500 people, including Pinecrest Mayor Cindy Lerner and members of the Village Council, had the chance to see the documen...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
If you are thinking of buying a home in the Pinecrest FL real estate market, it would be a good idea for you to understand the “absorption rate”. Pinecrest FL real estate, as all real estate, should be seen as a commodity, such as is gold, oil, wheat, etc.  The price is set by the market using the rules of supply and demand.  The absorption rate is an indicator of how long it will take to sell the current inventory; and therefore, show us if we’re in a Buyers or Sellers market.  When looking at the Pinecrest FL real estate market, it certainly is still a Buyers market.  A high level of inventory together with slow Buyer activity makes for a Buyers market. The Pinecrest FL real estate market absorption rate is a mathematical relationship of supply and demand.  The Pinecrest FL real estat...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
Miami is an International city – it is a food lovers’ city!  Sometimes you will be driving around and you can just smell all the foods in the air.  An out of town friend once asked me, how can you possibly stay in shape here?    Pinecrest Fl restaurants will not be left behind.  I have not been to every Pinecrest restaurant – yet!  But I do want to share with you my experiences with the Pinecrest restaurants I’ve been to.   If you’ve been to a Pinecrest Florida restaurant you think I should try; just let me know ~ I would love to!  
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
  Property taxes, Homeowners insurance, Flood insurance, Wind insurance, Homeowners Association - oh my! These are just some of the things think about when buying a Pinecrest Florida home.    
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
  Eggstravaganza at Pinecrest Gardens Saturday, March 27, 2010 From 10:00 a.m. - 2:00 p.m. Activities for the children and an egg hunt for children 10 and younger.    
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
Whether you call it a Comparative Market Analysis, Competitive Market Analysis, Comparable Market Analysis or Current Market Analysis; if you are considering buying a home in Pinecrest Florida or selling your Pinecrest property – you need a CMA! I have written a webpage for you detailing the art and science of constructing a proper Comparable Market Analysis.  With your CMA you will be able to make wise decisions regarding your Pinecrest Florida real estate.  
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
Pinecrest FL Real Estate Sales Transactions 5 Homes were sold/closed in February. The lowest closed sale price was $450,000 and the highest was $2,350,000. As of February 28th there were 186 homes for sale in Pinecrest FL with 51 homes under contract.  
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
If you are interested in a Pinecrest Florida luxury home, please visit Pinecrest Florida Luxury Homes, I have written an update for you!  
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
Yesterday was the eighth annual Taste of Pinecrest at Pinecrest Gardens.  This is an annual event benefiting the five public schools in Pinecrest Florida.  My friend Beverly and I went; even though there were several activities going on, we definitely went for the food! Every Sunday morning from December through April in the parking lot of Pinecrest Gardens the Pinecrest Florida Farmers Market is held.  It was there, but it seems it was reduced somewhat to accommodate the guests to the Taste of Pinecrest.   Being experienced foodies, Beverly and I just had to walk the entire event scoping out all the different restaurants and their offerings.  Here's what I had: crab cake sliders from Cooper's Bar and Grill, they were very good with just the right amount of seasonings; "tostones relleno...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
This week I went on a listing appointment where Zillow's zestimate has the property valued at $1,986,500 - and the homeowner showed it to me. I specialize in the Pinecrest Florida real estate market, and after a thorough analysis, I showed the homeowner that their property would currently sell for $650,000 to $700,000. Where does Zillow get these numbers?  Not even at the height of the real estate market would that property have appraised for $1,986,500! Homeowners, Zillow is a "fun" site, treat it that way.  If you really want to know what your property's current market value is, hire an appraiser or speak with a real estate agent that specializes in your area.  
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
Want to see a $15,000 a month rental?  Here's one; it's in Pinecrest (Miami) Florida.  This is a beautiful two story Mediterranean estate built in 2003.   I have been in this house, it truly is amazing.  It has a fabulous mater suite, custom closets throughout, a spectacular kitchen, extensive mill work, marble floors, hand painted ceilings, whole house generator, security system and a three car garage. This beauty sits on an extensively landscaped gated acre lot on one of the most prestegeous streets in Pinecrest.  Out back is a beautiful pool/patio and playground area.  This property is surrounded by equally impressive mansions. By the way, this estate is also for sale at $2,290,000. Pinecrest Florida is known for it's wonderful parks, especially Pinecrest Gardens, and it's outstandin...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
I have just received the International Sterling Society Award Top 3.3% of All Coldwell Banker Sales Associate in the United States Top 8% of All Coldwell Banker Sales Associates Worldwide and was recognized as a 2009 Miami-Dade County Top 100 Sales Associate  
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
  Pinecrest Gardens in Pinecrest Florida , listed in the National Register of Historic Places, is one of the most beautiful public parks in South Florida; it's located at 11000 Red Road,Pinecrest Florida. Pinecrest Gardens is adjacent to the Pinecrest library and community center. Pinecrest Gardens is located on what used to be Parrott Jungle. Parrot Jungle moved to Watson Island; which is on the causeway between Miami and Miami Beach.  I like to spend time walking around Pinecrest Gardens; it's a quiet lush tropical oasis.  Several clubs meet at Pinecrest Gardens and there are activities held there year round.  Facilities are available to rent for private functions such as meetings, birthday parties, wedding, etc.  I held my niece's 10th birthday party at Pinecrest Gardens; there are s...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
There are several brand new luxury homes in Pinecrest Florida for sale; in a wide price range. Currently our least expensive new luxury home in Pinecrest Florida is this 5,904 square foot, 6 bedroom, 6 bath two story Mediterranean pool home; it sits on a 16,895 square foot lot.  It's listed at $1,550,000. The most expensive luxury home in Pinecrest Florida currently for sale is this 11,393 square foot home on an acre lot with a small lake out back; left.  The home has 7 bedrooms, 6 1/2 baths, two family rooms, media room, library, billiard room and a 3-car garage.  It is listed at $3,600,000. Here I want to update the Luxury Homes in Pinecrest Florida post I wrote in August of 2009.  There was a total of 42 luxury homes sold Pinecrest Florida in 2009. As of today, there have already bee...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
  Today is a beautiful sunny 75 degree day in Pinecrest Florida.  I decided to go to the Pinecrest Florida Farmer’s Market to see what would catch my eye.  Besides the usual selection of fruits, vegetables, orchids, food and pastries; these vendors I found interesting. This vendor had a wonderful selection of really interesting fruits; Ponkan Tangerines, Canistel, Sapote, Starfruit, Papaya, Passion Fruit, Loquats, etc.                   This stall was not only pleasing to the eyes but also to the nose!  The collection of spices and spice blends here were truly impressive!   Each spice bowl had a description of the spice or blend and what the spice could be used for, such as in cooking, rubs and teas - very interesting.             From a distance, I thought these were cheeses, but no, h...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
  The Declaration of Independence (one of only 26 existing copies) Will be on display at the Pinecrest Branch of the Miami-Dade Public Library 5835 SW 111 Street Pinecrest Florida On Saturday, February 27, 2010 From 9:30 am - 1:00 pm    
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
  Since I specialize in the Pinecrest Florida real estate market; I keep a very close eye on that market.  Pinecrest Florida is a city in Miami Dade County.  I have kept this chart updated for several years and there are some interesting figures here I would like to share with you.   2005 2006 2007 2008 2009 <599,999 7 7 5 26 65 600,000 – 650,999 10 6 7 9 13 651,000 – 699,999 6 11 8 5 4 700,000 – 750,999 17 8 11 8 11 751,000 – 799,999 9 9 8 8 16 800,000 – 850,999 15 12 6 8 12 851,000 – 899,999 12 11 9 7 4 900,000 – 950,999 13 7 6 6 4 951,000 – 999,999 2 13 3 5 0 1M – 1.5M 46 47 36 28 26 1,500,001 – 1,999,999 9 20 18 8 18 2M – 2.5M 10 13 12 11 7 2,500,001 – 2, 999,999 10 7 5 3 4 3M – 3.5M 3 7 12 2 3 3,500,001 – 3,999,999 1 3 2 1 2 4M -  4.5M 0 0 2 1 0 4.500,001 – 4,999,999 0 0 0 0 0 Over...
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By Lynn Cromer
(ReMax Advance Realty)
Pinecrest Data for Year End 2009   It's been a pretty good year for Pinecrest. Overall home sales were up in 2009 compared to 2008 and the beginning of the year seems to see the trend continuing. Prices though have dropped a bit, but this was to be expected. I believe we are definitely seeing a stabilization of the market place in most of South Miami Dade. All data that follows is for the entire Village of  Pinecrest. If you would like a more specific market data for your home, please feel free to contact us. It would be our pleasure to provide you with one.  For Sale Vs. Sold:From Jan to Dec, inventory for sale is down 23%.Sold properties are up 18.2% year to date with  pending properties year to date up 33%. The highest selling month of the year was June 2009 with 24 homes closed.  Mo...
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
Pinecrest FL Real Estate Sales Transactions 13 Homes were sold/closed in January. The lowest closed sale price was $240,000 and the highest was $1,700,000. As of January 31st there were 199 homes for sale in Pinecrest FL with 31 homes under contract.      We are now entering our spring sales season; if you are thinking of selling your Pinecrest Florida real estate, NOW is the time to get it on the market – give me a call, 305-776-0010, Your Pinecrest Specialist.      
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By Marie Story, Broker Associate, Pinecrest (Miami) Specialist
(Coldwell Banker - Pinecrest (Miami))
  Are you interested in a Pinecrest FL rental?  Well, here I want to give you an idea of what is available today, February 4, 2010.  Though I do want you to know that Pinecrest FL rentals do not stay on the market very long.  Here is a snapshot of the Pinecrest FL Rentals that are available.  First let me share with you some of the condos.  There is a 1BR/1BA condo at Dadeland Grove for $1,100; a 2BR/2BA at Palms of Pinecrest for $1,250; a 2BR/2BA at Sunrise Point for $1,300; a 3BR/2 1/2 BA at Swan Lake for $4,600; a 3BR/2 1/2BA at The Reserve for $2,800 and a 1BR/1BA at Villas of Pinecrest for $1,075 per month. In the single family Pinecrest FL rental market, there is a 4BR/3BA pool home in the Pinecrest Elementary district for $3,800; a 4BR/2BA pool home in the Palmetto Elementary dis...
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