Date Archives: February 2019
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February
26
26
Luxury Home Sales in South Florida Rising As Affluent Buyers Seek Tax Relief
South Florida is in the midst of a luxury home boom, largely due to tax law implications experienced throughout the country — specifically in the Northeast.
Boasting no state income tax, Florida has become a refuge for wealthy Northeasterners fleeing tax laws negatively affecting their cost of living. The Tax Cuts and Jobs Act passed in December 2017 sharply curtailed a taxpayer's ability to deduct taxes from their federal returns with a $10,000 cap on city and state deductibility.
The tax law was met with criticism across the country, but citizens are affected in different ways, based on varying state tax laws. The law has been especially damaging to those living in New Jersey, Maryland, New York, Connecticut, and West Virginia — where state income taxes can reach as high as 8.97 percent. These northeastern states are the last five on the list of WalletHub's list of which states benefit the most from the changes to the federal tax law.
But where did Florida lie on the chart? The Sunshine State rests at a reasonable spot at number 21. And for the "high-income families" ranking, Florida is at number 9 and New Jersey and New York are at 49 and 50, respectively. For high-income earners, tax law implications are that much more significant.
This migration has fueled a surge in prices for luxury homes in Florida, which jumped 16 percent in the second quarter of 2018 compared to 2017. Prices will continue to rise with the increase in demand, which in turn increases the urgency for affluent buyers to act fast.
South Florida is attracting real estate gurus, successful entrepreneurs, wealthy retirees, big-name CEOs, and other affluent individuals. In fact, some are considering relocating their businesses to the area if tax benefits prove to be long-term.
The Miami Association of Realtors reported that New York City residents ranked first among all cities searching for properties in the area. Foreign buyers are also playing an important role in the area's luxury home boom, especially in Broward County. In fact, according to the Miami Realtors Association International Real Estate Report, foreign buyers are responsible for more than 32 percent of all Broward County condominium purchases. Instability in Latin American countries like Argentina, Brazil, Colombia, and Venezuela, have increased demand in South Florida.
Who the Tax Law Affects
The tax law was met with criticism across the country, but citizens are affected in different ways, based on varying state tax laws. The law has been especially damaging to those living in New Jersey, Maryland, New York, Connecticut, and West Virginia — where state income taxes can reach as high as 8.97 percent. These northeastern states are the last five on the list of WalletHub's list of which states benefit the most from the changes to the federal tax law.
But where did Florida lie on the chart? The Sunshine State rests at a reasonable spot at number 21. And for the "high-income families" ranking, Florida is at number 9 and New Jersey and New York are at 49 and 50, respectively. For high-income earners, tax law implications are that much more significant.
Surge in Luxury Home Prices
This migration has fueled a surge in prices for luxury homes in Florida, which jumped 16 percent in the second quarter of 2018 compared to 2017. Prices will continue to rise with the increase in demand, which in turn increases the urgency for affluent buyers to act fast.
South Florida is attracting real estate gurus, successful entrepreneurs, wealthy retirees, big-name CEOs, and other affluent individuals. In fact, some are considering relocating their businesses to the area if tax benefits prove to be long-term.
Foreign Buyers
The Miami Association of Realtors reported that New York City residents ranked first among all cities searching for properties in the area. Foreign buyers are also playing an important role in the area's luxury home boom, especially in Broward County. In fact, according to the Miami Realtors Association International Real Estate Report, foreign buyers are responsible for more than 32 percent of all Broward County condominium purchases. Instability in Latin American countries like Argentina, Brazil, Colombia, and Venezuela, have increased demand in South Florida.
Consistent Growth
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The area is appealing to those searching for a secondary property for a vacation home or rental income potential. Others are completely changing their residency in order to benefit from the state's favorable tax laws. Those wishing to officially change state residency must provide proof that they will not be in their former home state for more than 180 days a year. South Florida has experienced consistent growth over the years. In 2016, the Miami-Dade/Broward/Palm Beach metropolitan area became the eighth-most populated in the nation, surpassing the six million mark for the first time. The region now has an estimated population of 6,158,824 and is continuously rising year after year.It's Time to Invest
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South Florida has an array of luxury properties available, from oceanfront compounds to modern penthouse condominiums. The significant rise in luxury sales in South Florida makes investing in South Florida property that much more competitive and urgent. Affluent buyers should not drag their feet when considering a move to this popular area. Premier Estate Properties' $1 billion estate portfolio holds an array of stunning properties, all valued at over $1 million. Explore the variety of luxury homes for sale in South Florida, including the cities of Boca Raton, Deerfield Beach, Delray Beach, Fort Lauderdale, Palm Beach, Vero Beach, and more communities. Whether you're searching for a country club estate with acreage or a waterfront home with dockage, the Premier Estate Properties team can help you find your dream home in South Florida. Contact us if we can schedule a showing or answer any questions related to South Florida real estate.February
19
19
15 Restaurants + Bars With Live Music in Fort Lauderdale
Boasting oceanfront views, airy outdoor patios, swanky lounges, fresh seafood and refined steakhouses, wining and dining in Fort Lauderdale is second to none.
What would make the experience even better? Live music. Thankfully, we have that too! Take a look at the many restaurants and bars in Fort Lauderdale with live music on a regular — sometimes daily — basis.
The NYSW Jazz Lounge is a fun atmosphere for enjoying live jazz music — both indoors and outdoors. This relatively new addition to downtown offers jazz every day they are open, playing live jazz Wednesdays through Sundays. Plus, the jazz lounge has a happy hour buffet on Fridays from 5–7 and happy hour from 4–8 p.m.
RESTAURANTS WITH LIVE MUSIC:
The Balcony
1309 East Las Olas Boulevard The Balcony is an upscale two-story restaurant with an open-air rooftop and balcony overlooking the lively Las Olas Boulevard. Enjoy New Orleans-inspired cuisine, craft cocktails and live music at this exciting eatery on a regular basis.Fishtales Restaurant & Nightclub
3355 Northeast 33rd Street This lively hotspot is a restaurant, bar and nightclub all rolled into one! Located between the ocean and the Intracoastal off A1A, Fishtales serves a complete menu of seafood specialties and other grilled dishes, plus a full bar. There's always something exciting happening at Fishtales — including live music seven days a week!Spazio
239 South Fort Lauderdale Beach Boulevard
Photo Courtesy of Malcolm Mayo via Spazio
This casual-chic Italian eatery is situated in the heart of Fort Lauderdale Beach. Dine al fresco on the oceanfront patio, host a family celebration in the semi-private wine lounge or gather with friends for a drink at the bar. Wherever you are, take in the breathtaking ocean views. The views are most visible on the patio, enhanced by live top 40 and flamenco music every night from 7–11 p.m.Chima Steakhouse
2400 East Las Olas Boulevard Situated on Las Olas Boulevard just minutes from the beach, Chima offers a serene dining experience with a touch of exclusivity. Enjoy their steak-centric menu in the chic dining room with an outdoor bar and courtyard. Their daily happy hour is from 5–8 p.m. and includes half-off select drinks, a bite-size special, and live music Wednesday through Saturday!Timpano Italian Chophouse
450 East Las Olas Boulevard This refined Italian eatery serves steaks, chops, seafood and freshly made pasta accompanied by a wide selection of wines and hand-shaken cocktails. Plus, Timpano offers live music, libations and late-night bites in the lounge each Wednesday, Thursday, Friday and Saturday evening. The full dinner and cocktail menu is also available all evening long.QBar Burgers & Blues
2376 North Federal Highway Qbar is a New Orleans-inspired burger bar and restaurant tucked inside the River Market. This lively spot offers a happy hour on weekdays (from 11 a.m.–7 p.m.) and free daily live music from the very best local and national jazz and blues bands.Truluck's
2584A East Sunrise Boulevard
Photo Courtesy of Truluck's
With several locations across the country, Truluck's is a getaway for the senses. They serve fresh-catch seafood and prime tender steaks prepared to perfection, complemented by delicious wines by the glass and bottle. Plus, Truluck's offers live entertainment on a nightly basis!Shooters Waterfront
3033 Northeast 32nd Avenue Nestled along the Intracoastal, Shooters Waterfront has been a community staple since 1982. It offers dockside views, fresh seafood, refreshing cocktails and lively events — including live music on a regular basis.Cafe Ibiza
213 South Fort Lauderdale Beach Boulevard Situated just steps from the ocean, Cafe Ibiza features an all-day menu of fresh seafood, homemade pastas, chilled salads and entree sandwiches — all offered on their outdoor patio or indoor tables. Stop by for a cocktail and enjoy some of the area's best live music. Take a look at the calendar to see who is playing at Cafe Ibiza in the near future!BARS WITH LIVE MUSIC:
33rd Street Wine Bar
3337 Northeast 33rd Street Stop by 33rd Street Wine Bar for some of the best wines in town and a wide range of small bites on their tapas menu. And on the weekends, this cozy wine bar hosts some of the area's most talented jazz musicians.Stache Drinking Den + Coffee Bar
109 Southwest 2nd Avenue Stache is considered Fort Lauderdale's premier cocktail lounge, coffee bar, nightclub and concert hall — all rolled into one! While their cocktails landed them on USA Today's list of the top whiskey bars in America, Stache is also known for their live music. They seamlessly blend classic rock, funk, soul, and R&B with indie and electronic/house music. Check out the calendar to see what's next at this popular cocktail lounge.Blue Martini
2432 East Sunrise Boulevard
Photo Courtesy of Blue Martini
Located at The Galleria on Sunrise Boulevard, Blue Martini is the place to be every night of the week. They have a daily happy hour, offering discounts on drinks and menu items, plus an unbeatable nightlife experience. Take a look at the live bands and entertainment happening at Blue Martini in the near future.Blue Jean Blues
3320 Northeast 33rd Street Blue Jean Blues is an inviting bar with exposed brick walls, moody lighting, and cozy seating. Enjoy an appetizer, cocktail, beer or glass of wine while you hear live jazz or blues music seven afternoons a week! Blue Jean Blues has a $5 band cover charge for the Friday and Saturday 9 p.m. shows.Tarpon River Brewing
280 Southwest 6th Street Located in the heart of downtown, Tarpon River Brewing is a unique gastropub offering a full line-up of craft beer brewed on site, accompanied by a beer-inspired food menu. Enjoy live music at Tarpon River every Friday and Saturday night at 8:30 p.m. Follow along on Facebook to see the upcoming band schedule!NYSW Jazz Lounge
107 Southwest 6th Street
The NYSW Jazz Lounge is a fun atmosphere for enjoying live jazz music — both indoors and outdoors. This relatively new addition to downtown offers jazz every day they are open, playing live jazz Wednesdays through Sundays. Plus, the jazz lounge has a happy hour buffet on Fridays from 5–7 and happy hour from 4–8 p.m.
It's Dinner and a Show!
Let us know which Fort Lauderdale live music happenings are your favorite. Comment below with suggestions!February
12
12
6 Estates For Sale in Delray Beach You'll Fall in Love With
The charming coastal town of Delray Beach is considered one of the finest places to live in South Florida. Host to some of the region's most coveted homes for sale, Delray Beach has the historic charm, pristine coastline and natural beauty that enchants both residents and visitors alike. With its gorgeous, sea shell-flecked stretch of beach, vibrant downtown and elite selection of luxury real estate, it's no wonder savvy homebuyers insist on Delray Beach.
Let's take a tour of some of the most extravagant luxury homes for sale in Delray Beach, boasting water access, spectacular views, ultra-modern technology, sparkling pools, elevators, and many more desirable features.
New Island-Inspired Estate
4 Bedrooms | 4.1 Bathrooms | 5,565 Square FeetAddress: 1210 Seaspray Avenue | Listed By: Pascal Liguori & Son — 866-502-5441
This brand new island-inspired estate on a barrier island offers resort-style living just a block from the ocean and a few blocks from the lively Atlantic Avenue. It boasts high-end finishes and a versatile open layout flowing effortlessly from the interior to the verandah and pool surrounded by a walled garden oasis. This stylish residence was constructed by the award-winning Richard Jones Architecture and Seaside Builders in 2018.
Contemporary Home Filled With Glass Details
4 Bedrooms | 4.1 Bathrooms | 5,962 Square FeetAddress: 1209 Harbor Drive | Listed By: Pascal Liguori & Son (866-502-5441) + Judi Lukens & Kim Lekas (866-502-4174)
Chic modern flair is infused within this newly built contemporary home, which epitomizes effortless indoor/outdoor living and entertaining. Inside the lofty glassed entry, the beautifully spacious great room hosts the signature glass-framed floating staircase by a window wall to a lush garden, while vanishing glass doors completely open the other side to the lanai and pool. High ceilings enhance the sense of space, and porcelain tile floors unify the main level in the well-planned layout of this stunning modern home. The property is nestled in a quiet cul-de-sac, just steps from the beach and the lively Atlantic Avenue.New Coastal Contemporary Estate
4 Bedrooms | 4.1 Bathrooms | 4,653 Square Feet
Address: 1203 Hammond Road | Listed By: Judi Lukens & Kim Lekas — 866-502-4174
Situated on a prime corner lot in the serene North Beach neighborhood, this new custom-built estate offers the finest in stylish coastal living. The unique courtyard layout flows fluidly from the interior to the outdoors, where you'll encounter a placid saltwater pool and spa. The cathedral ceilinged great room captivates with elegant simplicity, and the high-end kitchen is equipped with the latest appliances and luxurious finishes. The striking coastal contemporary design is exhibited in each space of this two-story home, from the clean lines to floor-to-ceiling glass doors and windows, and unique light fixtures to the sleek wire railings on the stairs.Gorgeous Beachfront Home Perched On a Ridge
5 Bedrooms | 3.1 Bathrooms | 4,908 Square FeetAddress: 220 South Ocean Boulevard | Listed By: Michael Wells — 866-502-5137
Offering the luxury of beachside living on Ocean Boulevard, right across from the sands of Delray's world-class beach, this rare estate home commands unobstructed ocean views from one of the highest elevations on Delray Beach's barrier island. Well-manicured grounds surround the five-bedroom residence, a modern interpretation of traditional design, gazing over the ocean from its perfect position atop the natural ridge, perched some 16 feet above sea level. Featuring comfortable living/entertaining areas on both levels, each served by a full kitchen, the flexible floor-plan gives added versatility to host extended family and/or large groups of friends. On the main level, the more formal spaces open to a courtyard by the oceanside front terrace and impeccable lawns, where there is room for a pool in this gorgeous setting.Brand New Modern Estate on the Intracoastal
4 Bedrooms | 5.1 Bathrooms | 6,882 Square FeetAddress: 1007 White Drive | Listed By: Pascal Liguori & Son — 866-502-5441
At once strikingly stylish and beautifully livable, this brand new modern showplace fronts a deep-draft waterway on a quiet block-long cul-de-sac, where the serene beach of Atlantic Dunes Park sits right across Ocean Boulevard. Luxurious indoor/outdoor living spaces are featured on both levels of this four-bedroom residence boasting fine finishes and leading-edge luxuries. A modern take on a coastal villa, the estate sets the tone of elegant simplicity at the front entry, where Medjool date palms grace the lawns along a walkway arriving at the handsome mullioned doors.Nearly New Coastal-Inspired Waterfront Estate
5 Bedrooms | 5.1 Bathrooms | 7,514 Square FeetAddress: 3021 Jasmine Court | Listed By: Judi Lukens & Kim Lekas — 866-502-4174
This nearly new waterfront estate gives a fresh take on classic island style that epitomizes casually elegant South Florida living. Extremely well built inside and out, this custom residence opens to a relaxing waterside oasis where swaying palms line the saltwater pool and spa. With an equal focus on style and comfort, the spacious interior features wood-look porcelain tile floors and muted tones, which are part of the light and airy coastal-inspired decor. Luxuries include the impact-rated glass, full generator, elevator and Crestron smart-house automation with built-in speakers.Still searching for your dream home in Delray Beach?
Create an account with Premier Estate Properties to receive real-time alerts when new listings come on the market, connect with your agent on-the-go, search for luxury listings, receive updated market data around a specific address, and much more.February
6
6
D'Angelo | Liguori Recognized As America's Top 100 Real Estate Agents®
We are proud to announce the selection of Joseph Liguori, Carmen D'Angelo and Gerard Liguori, Broker/Owners of Premier Estate Properties as America's Top 100 Real Estate Agents® for 2019!
Recognition to this prestigious, invitation-only list is reserved only for the nation's most esteemed and skilled real estate brokers within the real estate industry selling estates in the high-end market.
Members are selected through a rigorous comprehensive multi-phase selection process involving proprietary algorithms. A broad array of criteria and data are analyzed for each candidate, including the real estate professional's total yearly sales volume, notable above-market value sales, luxury home sales, efficiency rating for closing sales, lifetime professional experience, client satisfaction ratings, and notable recognitions, among many other proprietary factors. Based on these criteria, a rating for each individual is established indicating their relative effectiveness in closing high-value sales above market value in comparison to other real estate professionals in their region. Accordingly, the most efficient and effective real estate professionals among the community are then identified for selection among America's Top 100 Real Estate Agents®.
It is the mission of America's Top 100 LLC to recognize annually and on a lifetime basis the most qualified and accomplished professionals in various fields of practice, including realtors, attorneys, doctors, dentists, accountants, engineers, and architects (among other professionals).
Only the top 100 qualifying real estate professionals in each region receive this honor and are selected for membership among America's Top 100 Real Estate Agents®. With these extremely high standards for selection, less than one percent of active professionals in the United States real estate industry will receive this honor. This is truly the most exclusive and elite level for agents and brokers to reach in the community.
It is the mission of America's Top 100 LLC to recognize annually and on a lifetime basis the most qualified and accomplished professionals in various fields of practice, including realtors, attorneys, doctors, dentists, accountants, engineers, and architects (among other professionals).
Only the top 100 qualifying real estate professionals in each region receive this honor and are selected for membership among America's Top 100 Real Estate Agents®. With these extremely high standards for selection, less than one percent of active professionals in the United States real estate industry will receive this honor. This is truly the most exclusive and elite level for agents and brokers to reach in the community.
About D'Angelo | Liguori
Carmen N. D'Angelo Jr., Gerard P. Liguori and Joseph G. Liguori are brokers and owners of Premier Estate Properties. This experienced team has collectively closed over $3.5 billion in sales during their 29 years in the South Florida ultra-luxury real estate market. For the eleventh year, each of these three remarkable performers has been ranked as one of America's top real estate professionals by The Wall Street Journal and RealTrends, a prestigious National award ranking them in the top 1 percent of the more than 1.1 million REALTORS ® nationwide. These are highly skilled, seasoned veterans with a long list of outstanding career achievements, including the majority of record-breaking sales in their market. Carmen, Gerard and Joseph are known for exacting personal service and accessibility at a moment's notice. The three have garnered the trust and confidence of an impressive roster of repeat clients, both here and abroad. This is a significant honor and we are so proud of this successful team. Congratulations to the D'Angelo | Liguori Team!
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Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/17/2022. The listing information on this page last changed on 08/17/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Indian River MLS (last updated Wed 08/17/2022 5:59:21 PM EST) or Fort Lauderdale MLS (last updated Fri 05/15/2020 10:23:17 AM EST) or Beaches MLS (last updated Wed 08/17/2022 5:56:19 PM EST) or PBI MLS (last updated Wed 08/17/2022 5:56:21 PM EST). Real estate listings held by brokerage firms other than Premier Estate Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
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DISCLAIMER: Information published or otherwise provided by Premier Estate Properties, Inc. and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Premier Estate Properties, Inc. expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. Premier Estate Properties, Inc. participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to Premier Estate Properties, Inc. and may be listed or have sold with other members of the Multiple Listing Service. Transactions where Premier Estate Properties, Inc. represented both buyers and sellers are calculated as two sales. Premier Estate Properties, Inc.'s marketplace is all of the following: Vero Beach, Town of Orchid, Indian River Shores, Town of Palm Beach, West Palm Beach, Manalapan Beach, Point Manalapan, Hypoluxo Island, Ocean Ridge, Gulf Stream, Delray Beach, Highland Beach, Boca Raton, East Deerfield Beach, Hillsboro Beach, Hillsboro Shores, East Pompano Beach, Lighthouse Point, Sea Ranch Lakes and Fort Lauderdale. Cooperating Brokers are advised that in the event of a Buyer default, no commission will be paid to a cooperating Broker on the Deposits retained by the Seller. No commissions are paid to any cooperating broker until title passes or upon actual commencement of a lease. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Copyright 2022 Premier Estate Properties, Inc. All Rights Reserved.
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