As home prices in Southeast Florida soften, let's have a look at a few typical offers in one of the most important price segments of the local market for modern homes:
In Boca Raton, a 3 bedroom / 2 bath home with approx. 2132 sf under air, built 1985.
Sited on a secluded lot, the home offers an open split floor plan with ceiling-to-floor windows and glass doors, vaulted ceilings, eat-in kitchen with kitchen bar, recessed lights and a dramatic 2nd story wrap around balcony with views from living room, dining room & kitchen. Several major systems have been replaced. In bicycle proximity to the beach. Asking $599,000
In Fort Lauderdale, a 4/3 with approx. 2067 sf, built 1953. This is currently an income-producing property, listed on Airbnb with all licenses and permits. Plenty of natural lighting around the house which features a top-of-the-line quality kitchen with island, a marble fireplace, Italian porcelain floor, as well as a new roof, new impact windows, and a new sprinkler system. It also has a 2 car garage and a big backyard with BBQ. Located 3 miles from the beach and Las Olas Blvd. Asking $775,000
In Delray Beach, a 4/4 with approx. 2199 sf, built 2020.
This is a pre-construction offer, with the buyer still having the option to choose the finishes. 10 ft ceilings throughout as well as large large porcelain tiles. The master offers his and hers walk-in closet, an oversized shower and double sinks. Laundry room has a wash basin. 2 car garage with long driveway. Nice covered patio and room for pool. Property is not a zero lot. 6 ft white fence all around house. Room to park your jet ski, boat, or any toys you have. Huge open side to canal. Asking $600,000
In Wilton Manors, a 4/3 with approx. 2204 sf, built 1957.
Renovated waterfront home, designed for multigenerational living or vacation rentals (approved for AirBnB). New custom kitchen, energy-efficient hurricane impact windows and doors. Master bathroom with free-standing soaking tub, oversized shower, separate toilet closet and dual sinks. Eco-conscious xeriscape succulent landscaping design. Asking $839,000
In Plantation, a 3/3 with pool, approx. 1897 sf, built 1980.
Open concept with soaring ceilings and high windows, very private. Two bedrooms downstairs, full bedroom suite upstairs. Den can be easily converted to 4th bedroom. Well maintained and move-in ready. In walking distance to shopping and restaurants. Asking $625,000
In Fort Lauderdale, a 4/2 with approx. 1400 sf, built 1954.
Waterfront home offering ocean access with no fixed bridges (deepwater). Dock for up to 60 feet yacht. New roof, new A/C, updated kitchen and bath, new city water and sewer lines. Asking $879,000
In Miami, a 3/2 with pool, approx. 2827 sf, built 1983.
Pool home with entrance atrium in a guard-gated community. It features sliding glass doors in every major room, 3 fireplaces, accordion shutters, 2 car garage, large upstairs master suite with two walk-in closets, separate bathing area w/luxurious roman tub & glass-enclosed shower. Close to supermarket, restaurants, Indian Hammock Park and Turnpike. Asking $899,000
In Fort Pierce, a 3/2 with pool, approx. 1777 sf, built 1958.
Upgraded Beach Bungalow with bright open floorplan and heated Pool. Home was remodeled in 2016 including impact windows, roof, A/C, upgraded kitchen & bath, flooring, paint, & new pool. Close to Downtown and South Beach Jetty. Asking $644,500
In Miami Beach, a 4/4 bath home with pool, approx. 3263 sf under air, built 2021.
Co-ownership opportunity for one-eight of a professionally managed, turnkey home, fully furnished and professionally decorated. Open-plan main floor includes dining space and a gourmet kitchen incl. glass-enclosed 80-bottle wine rack. Spacious primary bedroom upstairs has access to upper patio overlooking pool & spa, as well as a covered outdoor kitchen and lounge. Asking $867,000 for 1/8th share.
Please contact Tobias with if you are interested in any of these homes or if you are looking for a modern house in South Florida.
Listings courtesy of cooperating MLS Realtors on BeachesMLS
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In chapter 8 of my “Guide to Florida Real Estate Transactions” I explain what occurs after signing of the purchase contract and before closing – an extremely important phase for any buyer, be it a residential, commercial or business deal:
Between signing of the purchase contract and the closing – 20 to 90 days approx., depending on the type of property and if financing is involved – several activities run parallel in time: property inspection, title inspection, possibly a loan application, and, in case of a commercial or business transaction, the so-called due diligence period, which includes a review of all books and records.
Latest by now please consult a tax advisor to structure property ownership under tax perspectives as favorable to you as possible.
Your real estate agent coordinates all these activities for you and should be able to recommend experienced professionals for all tasks at hand.
Building inspection: Within a certain timeframe the buyer has the opportunity to have the property – resale or new – inspected for functional and structural deficiencies. This inspection should never be conducted by a cousin of a friend who owns a flashlight and a voltmeter, but by a certified, licensed and recommended professional, ideally belonging to ASHI (American of Society of Home Inspectors). If flaws are found, depending on the contract the buyer can demand repairs, withdraw from the contract, or try to re-negotiate. Your agent should recommend a reliable building inspector and make the inspection part of the transaction timetable.
Due Diligence: This term is used in commercial and business transactions. It refers to the defined time period for a property inspection as well as the review all books, records, profit & loss statements etc. if applicable. Again, the buyer has to accept or reject the transaction based on his/her findings before the Due Diligence period runs out, otherwise he/she has to fulfill the contract and buy.
Title search: Florida has no mandatory book of real estate records; instead, property rights and obligations are recorded in the title. The buyer's attorney will research the property title history to ensure that it has clear and marketable title and is free of any unpaid debts, mortgages, liens or other surprises. A title insurance policy paid by the buyer will guarantee this for the duration of the buyer's ownership. The attorney will also check any possible usage restrictions of the property, such as commercial use, permitted vehicles, having pets or rentability. It is the buyer's obligation to check for restrictions that prevent any planned use of the property, for example as an AirBnB.
Taking title: Any buyer should carefully decide how he/she will own the property - as an individual, in the name of a company, in a living trust etc. This may have a direct influence on the buyer's tax obligations – especially estate tax – and/or how the estate is passed on to the heirs when he/she dies.
Seller’s obligations: It is the seller’s duty to hand the property over to the buyer at closing in the same state and condition as it was at the signing of the contract. Maintenance and repairs have to be continued by the seller up to the day of closing. To verify this, the buyer has the right to a final walk-through immediately before closing to confirm that the seller lived up to his/her obligations. If not, the closing may have to be delayed or funds to be withheld from the seller, due to incomplete repairs, damages or even junk and unwanted items left on the property, the latter being a common occurrence.
For any questions you may have, and for the complete and updated GUIDE TO BUYING AND SELLING FLORIDA REAL ESTATE please contact Tobias anytime. He will be happy to assist you.
Next chapter in this series: Property Ownership and Visas for Non-Citizens
©Tobias Kaiser 2023
Two newer homes. Both are Modern (as in: recently built; Ye Ole Castle in 2021) but only one is Modernist.
Many years ago when I was to start my blog “The Modernist Angle”, we discussed the two terms "Modern"and "Modernist" in my office at length: which is which, and why is that so?
In researching the terminology, I came upon an interesting forum where architects and professionals differentiated between the two terms carefully, "modernist" referring to a style or aesthetic, "modern" to something current:
“Takeaway lesson: There's an important difference between 'modern' and 'modernist'. Modern means nothing more than 'current' or 'recent'. Modernist means ... the ideology of modernism, ... an aesthetic movement”. (–Ray Sawhill, on the Visual Resources Association Forum)
Adding to the point:
“Modernist is ultimately a more valuable and specific term for us than the more generic Modern. Modernist is our stylistic term of choice, whereas Modern seems more like a state of mind.” (–Dane A. Johnson, Visual Resource Coordinator, College of Architecture and Design, Lawrence Technological University, Southfield, MI, on the Visual Resources Association Forum).
Thus, a mid-century design by Neutra, Breuer or Mies for example should really be referred to as Mid-Century Modernist.
Though nobody does that, as a client reminded me when he snubbed all homes older than five years, disregarding their modernist styles. In colloquial use the term Modern is the clear preference.
So my firm’s residential part is named “Modern Florida Homes”, and its mission is “Brokering, Promoting and Preserving Modern Homes and Architecture”.
But in any context where one can discuss, explain and elaborate, I prefer Modernist as the correct and more precise term.
A fun question to ask your favourite architect, isn’t it? You do have one, don't you?
Tobias Kaiser works as an independent real estate broker and consultant in Florida since 1990. Always putting his clients' interest first, he specialises in modern Florida homes and architecture, as well as net leased investments.