The Oaks - Real Estate Round Up

Happy Holidays!

We sincerely thank you for your wonderful support and
business during the past year and offer our warm wishes
of happiness, health and prosperity in the coming new year!
Hoping 2009 will bring us all greater fortunes...
especially in Real Estate!

-The Smiths
Philip & Carla Smith

The Oaks - Real Estate Round Up

The Oaks at Boca Raton currently has (52) properties "Listed for Sale". These properties range in "Asking Prices" of $875,000 to $4,904,596. The community had (30) properties Sold Year-to-Date and the properties sold in 2008 ranged from $800,000 to $2,010,000. Currently there are (3) properties "Pending Sale". To view detailed information, please click on the links below.

The Oaks - Homes for Sale
The Oaks - Homes Sold 2008
The Oaks - Homes Pending Sale

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The Smiths - Luxury Resort Portfolio
The Oaks at Boca Raton
Featured Properties
(Click on Image)

The Oaks at Boca Raton
17614 Grand Este Way
Offered at $2,599,000

In the opulent Santa Barbara tradition, this brand-new custom-built masterpiece basks in serene lakefront vistas and lush privacy in the Grand Lake Estates enclave. Resort-style luxury defines the spectacular lakeside entertainment area focused on a triple-tiered pool and spa with fountains and Murano glass mosaics. The columned loggia is complemented by a stone fireplace and summer kitchen. Designer decorated and furnished, this exquisite Donatella villa is a crowning achievement by acclaimed Charlse-Watt, blending breathtaking appointments and lavish luxuries. Smart-house technologies with AMX touch-pads control all systems including security, climate, lighting, surround-sound audio, and televisions. Mosaic-inlaid travertine marble floors, elaborate moldings, and hurricane-impact glass are also featured. Five bedrooms, 6 full and 2 half baths, plus a 4-car garage are included in 7,860± total square feet.

The Oaks at Boca Raton
17563 Middle Lake Drive
Offered at $1,450,000

Decorative stone columns and intricate iron-gated doors lead to the privacy of this magnificent home. European traditions have inspired this serenely elegant 2 story courtyard residence with private 2 story / 2 bedroom / 2 bath guest house embracing a magnificent oversized tropical pool with waterfall spa in a luxuriant garden oasis. An open-air kitchen serves alfresco entertaining on the inviting terrace. Elaborate landscaping graces the entire estate in a prominent corner setting. Beautifully melding with the classic design of this exquisite villa, the spacious, airy interiors lend a refined sensibility with Saturnia marble floors and fine details bridging traditional and modern décor. Six bedrooms, 6½ baths, 3-zone air conditioning, media room, and a 3-car garage are included in the Emelia Grand floor-plan of 6,632± total square feet.

The Smiths - Luxury Resort Portfolio
The Oaks at Boca Raton
Recently Rented
(Click on Image)

The Oaks at Boca Raton
17570 Middlebrook Way


The Oaks at Boca Raton
17554 Middlebrook Way


Preview All of Our Listed Estates
(Click on Image)

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For further information or if you wish to see your property featured here.
Please Contact: The Smiths - Luxury Resort Portfolio at (561) 445-2282 or
email at TheSmiths@LuxuryResortPortfolio.com


Inquire about "The Property Organizer" Feature we exclusively provide at Luxury Resort Portfolio.
It is an organizing tool that makes it easy to search for properties and to keep track of properties you are interested in. Whenever you see property listings that you like, you can save them for future reference and for sharing with family members and friends. "The Property Organizer" also allows you to easily manage your Email Update service and save your search criteria for later use.


click link below to view:
"The Property Organizer"

If you have any questions on how to set up specific community searches
or for your Mizner Country Club Real Estate Update
compliments of The Smiths - Luxury Resort Portfolio,
please call or email Philip at (561) 445-2282 or Philip@LuxuryResortPortfolio.com
for assistance.
We can set up your customized search and you will receive instant email updates
directly to your inbox.



The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale. All information is derived from the Palm Beach County Property Appraisers website and the MLS.

Luxury Resort Portfolio proudly presents our Newest Feature ... "The Property Organizer"

Luxury Resort Portfolio


The Smiths
proudly present our latest addition to the
Luxury Resort Portfolio Website
the
Luxury Resort Portfolio-Property Organizer
with
"Hot Sheet Updates"


Now you can get the newest listings in your Email Box!
Sign up for the Luxury Resort Portfolio -"Hot Sheet Updates"
and get the latest property reports and photos
as they come on the market!

Customize Your Search!
Customize How Often You Wish To Be Updated!

Simple to Sign Up & Free !!!

Compliments of The Smiths-Luxury Resort Portfolio


How Do You Sign Up? It's Quick and Easy!

1. Click on the image above
2. Click on "Sign Up For Free Service"
3. Complete the 4 Easy Steps!

Welcome to Luxury Resort Portfolio-Property Organizer

The Property Organizer is an organizing tool that makes it easy to search for properties and to keep track of properties you are interested in. Whenever you see property listings that you like, you can save them for future reference and for sharing with family members and friends. The Property Organizer also allows you to easily manage your Email Update service and save your search criteria for later use.

If you have any questions on how to set up specific community searches,
please call or email Philip at (561) 445-2282 or Philip@LuxuryResortPortfolio.com
for assistance. We can set up the customized searches for you

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For further information or if you wish to see your property featured here.
Contact:The Smiths - Luxury Resort Portfolio
at (561) 445-2282 or (561) 445-2299


The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale. All information is derived from the Palm Beach County Property Appraisers website and the MLS.

Luxury Resort Portfolio Activity in The Oaks

The Smiths - Luxury Resort Portfolio


The Smiths - Just Sold

The Oaks at Boca Raton
17646 Circle Pond Court
Was Offered at $1,050,000

Residing on an over-sized cul-de-sac lot, this Mediterranean jewel interprets classic traditions in fresh, stylish flair. Tranquil privacy envelops the courtyard-style outdoor entertainment area where a beautiful Portuguese-tiled spa spills into the sparkling pool with Aqua Link controls. A summer kitchen serves the loggia. Lush garden views sweep across the estate's extensive side lawns. Filling its generous open spaces with natural light, this thoughtfully designed residence comprises 4,400± total square feet in a convenient single-level floor-plan with diagonally laid Saturnia marble floors, 3 bedrooms, 4½ baths, and a 3-bay garage. Built in 2002, this immaculate estate home offers myriad conveniences including central vacuum and intercom system, plus indoor/outdoor surround-sound speakers.

The Smiths - Just Rented

17570 Middlebrook Way
Boca Raton, FL 33496
Offered for Purchase at $2,150,000
Rental at $12,000 per month

In The Oaks's Estates Section on one of the enclave's finest lakefront lots, this spectacular Mediterranean villa commands long views sweeping across the lake. Superior craftsmanship and attention to detail hallmark this highly upgraded, former builder's model with 7,150± total square feet, 5 Bedrooms and 5½ Baths. Residence: An impressive and tranquil fountain entry introduce the residence in a luxuriant tropical landscape. Overlooking the lakefront, an arcade Loggia with pecky cypress ceilings, coral floors with polished river rock accents, and Summer Kitchen opens by the dramatic infinity-edge Pool with black Diamond-Brite finish and raised Spa.

The Smiths - Active Listings in The Oaks

The Oaks at Boca Raton
17614 Grand Este Way
Offered at $2,999,999

In the opulent Santa Barbara tradition, this brand-new custom-built masterpiece basks in serene lakefront vistas and lush privacy in the Grand Lake Estates enclave. Resort-style luxury defines the spectacular lakeside entertainment area focused on a triple-tiered pool and spa with fountains and Murano glass mosaics. The columned loggia is complemented by a stone fireplace and summer kitchen. Designer decorated and furnished, this exquisite Donatella villa is a crowning achievement by acclaimed Charlse-Watt, blending breathtaking appointments and lavish luxuries. Smart-house technologies with AMX touch-pads control all systems including security, climate, lighting, surround-sound audio, and televisions. Mosaic-inlaid travertine marble floors, elaborate moldings, and hurricane-impact glass are also featured. Five bedrooms, 6 full and 2 half baths, plus a 4-car garage are included in 7,860± total square feet.

The Oaks at Boca Raton
17554 Middlebrook Way
Offered at $2,050,000

Classic Mediterranean traditions and modern appointments converge in this European-inspired estate surrounded by glistening lake waters and flourishing tropical greenery. An elegant ambiance is immediately introduced by a dramatic arched covered entry of coquina stone and a garden courtyard highlighted by a fountain. A lakeside outdoor entertainment area is centered on a luxurious heated pool and waterfall spa crowned by a wood and stone pergola, completed with a summer kitchen and loggia. Old World sophistication infused with dramatic detailing are the hallmark of this luxurious estate offering 4,882± square feet of Mediterranean styling, with five bedrooms, five full baths and two half baths. This designer-decorated and fully furnished villa is appointed with richly textured fabrics, window treatments and wall coverings, and bestowed with an astonishing array of upgrades throughout.

The Smiths - Active Listings in Neighboring Communities
View Our Other Listed Estates

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For further information or if you wish to see your property featured here.
Please Contact:The Smiths - Luxury Resort Portfolio at (561) 445-2282


Luxury Resort Portfolio
Estate Specialists Representing Both Buyers And Sellers


View Our List of Published Weblogs:

Luxury Resort Portfolio: http://luxuryresortportfolio.blogspot.com

Mizner Country Club-Real Estate News: http://miznercountryclub-realestatenews.blogspot.com

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The information herein is believed to be accurate but not guaranteed and
may be subject to errors, omissions and changes without notice.
This is not to be construed as a solicitation of property presently listed for sale.
All information is derived from the Palm Beach County Property Appraisers website and the MLS.

Today's Offer is Going to Be the Best Offer

Housing Prices Have Hit 2004 Levels

The offer you receive today is most likely going to be the best offer you are going to get for a very long time. Michelle Meyer, an economist at Lehman Brothers Holdings Inc. in New York, said in an interview with Bloomberg Television "In terms of prices, we don't think we'll see a bottom until the end of next year."

The number of closed transactions are slightly up from 2007 to 2008. According to the Florida Association of Realtors press release on Monday, Palm Beach County had 652 sales in July, that number is up 8 percent from 605 sales a year ago. The median price of home in Palm Beach County is currently $291,300 falling 22 percent from $372,200 a year ago.

South Florida Sellers are having an extremely difficult time coming to terms with the hard reality that their properties are no longer valued at what they thought their properties should be. Buyers actively searching for a home are aware the market is in their favor and are quite verbal that there is a massive amount of inventory to select from and that price is their motivation!

In the Luxury Real Estate Market, Sellers are slowly and painfully accepting that what is happening elsewhere at lower price points is also "trickling up" to their unique market. Fewer Buyers are purchasing second homes in this volatile economy, financing is harder to secure, purchasing homes for cash is a thing of the past, and rising country club dues and fees are becoming less and less attractive. We are noticing that the younger, wealthier Buyers are choosing to go into more moderate priced homes or gated communities to gain "more house for their money". The appeal of moving into the fancy, very expensive gated golf community has lost a lot of its luster in the last couple of years.

Mike Pappas, head of The Keyes Co. in Miami, said Palm Beach County's price plunge shows buyers are demanding bargains. "The only way you're going to move a property today is because of price," Pappas said. "You're seeing that reflected in the numbers."

Pappas and others say property owners shouldn't expect the value of their homes to rise much more than the rate of inflation, which hovered at about 3 percent a year during the boom. "The market is taking the excesses out and penalizing us to get back to the normal, historic appreciation trend," Pappas said. "It's a painful process."

For months, Realtors have been noticing that that their phones are beginning to ring with calls from eager buyers and the number of showings have also increased. Realtors have all been hoping that the end might be in sight soon. But more skeptical observers say prices have further to fall before they're affordable and attractive to Buyers. "We've been saying prices were going to go back to 2003 levels," said Jack McCabe, a housing analyst based in Deerfield Beach. "Now, I'm starting to think it may be even worse than that." McCabe pointed to the glut of homes on the market, and he said prices remain out of reach.

What's more, he expects the flood of foreclosures to continue to hurt home values. "We've probably seen only 30 percent of the foreclosures we're going to see over the next few years," McCabe said. The number of sales in Palm Beach County rose slightly to 652 in July, up 8 percent from a year ago but down 12 percent from the previous month.

Home prices in Palm Beach County have plunged to a four-year low in July, only to raise new questions about just how much farther can property values fall. The last time the median home price in Palm Beach County was $300,000 it was May 2004, when property values were in the middle of their stratospheric rise. Late 2005, when Palm Beach County real estate was the hottest investment this side of Google, home prices have dropped 30 percent. "It's a massive dip over the past couple years, there's no two ways about it," said John Mike, president of the Realtors Association of the Palm Beaches. "The buying public is unnerved about what's been happening in the general economy."

The median condo price in Palm Beach County was $152,300, down 15 percent from a year ago. The number of sales jumped 16 percent.

The national housing market continued to struggle, too, the National Association of Realtors said Monday. The national median existing-home price was $212,400 in July, down 7.1 percent from a year ago, when the median was $228,600. Home sales, however, rose 3.1 percent.

Sales of existing homes in the South tumbled 18 percent in July from a year ago, while the median price fell 3.5 percent to $179,300.

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For further information or if you wish to see your property featured here.
Please Contact:The Smiths - Luxury Resort Portfolio at (561) 445-2282


NOTE:

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Thank you again for all your support and best wishes!

Philip and Carla Smith
The Smiths - Luxury Resort Portfolio