Many of our neighbors say they’d consider selling their high-priced homes in Los Gatos and Monte Sereno “… but where would we go?” Each month our market report showcases a high-quality residential destination where weather, lifestyle, taxes, home prices and potential appreciation offer an alternative that’s worth your consideration. Some will be in California and others, out-of-state.
This month we feature a variety of homes in Aventura, and a luxury project in Pompano Beach, both in south-east Florida. Our research led us to Aventura for two reasons; Aventura’s population is nearly the same as that of Los Gatos and Monte Sereno, combined, and according to Areavibes, this city has a particularly high, all-around ‘Livability’ rating. Aventura is an active community of 39,000 that offers great weather, abundant outdoor recreation, a lower cost of living, year-round golf, accessible boating, ocean beaches and very affordable real estate. It is located less than 20 miles from Miami international airport and 12 miles from Fort Lauderdale International.
For counterpoint, we looked at the Ritz-Carlton Residences in Pompano Beach, that are very representative of the luxury, high-rise, oceanfront condominium developments with which south-east Florida is so often identified.
Last year Florida ranked first, of all 50 states, in net domestic migration (people moving in from other states v. moving out to other states). California ranked dead last. Florida is one of only 7 states with no state income tax. California has the highest rates of all 43 other states.
The Aventura Mall is the largest in Florida and 3rd largest in the United States.
There are 28 golf courses in, or near, Aventura,
… and at least 5 major marinas,
… and several ocean beaches within 4 miles.
Representative Current Real Estate Offerings in Aventura, FL
A 5-bedroom, 5-bath townhome, fronting the water, with 5,391 square feet of space. Offered for sale at $1,698,000 or $315 per square foot.
A 3-Bedroom, 4-bath condominium, with both Intracoastal and Ocean views with, 3,426 square feet of space. Offered for sale at $1,199,000 or $350 per square foot.
A 5-bedroom, 3-bath single family home with 2,576 square feet of space. Offered for sale at $849,000 or $330 per square foot.
A Luxury, Oceanfront Condo Development in Pompano Beach, FL
In the developer’s own words “The Ritz-Carlton Residences, Pompano Beach are an unprecedented collection of magnificent luxury homes and amenities, with interiors and landscape concept design by Piero Lissoni®. Comprised of two striking shoreline towers designed by Luis Revuelta, situated on a sprawling property spanning the waterfronts—from Ocean to Intracoastal—The Ritz-Carlton Residences, Pompano Beach give homeowners direct access to both a private Beach Club and private Yacht Club. With a comprehensive array of extraordinary private amenities, staffed and serviced by the world’s preeminent luxury flag, The Ritz-Carlton Residences, Pompano Beach offer a transformative lifestyle and incomparable experiences.”
For great real estate advice, anywhere in Miami-Dade or Broward Counties, you couldn’t do better than to contact our friend, Cheryl Bosa. Incidentally, she’s also the Mom of two great NFL players in California – Nick and Joey Bosa!
Luxury Real Estate Advisor
Engel & Völkers Fort Lauderdale
3301 N Ocean Blvd.