Stirling Sotheby's International Realty named exclusive broker for three lakefront estate home sites in Southwest Orlando.
ORLANDO, Fla. – Stirling Sotheby’s International Realty has been named
exclusive brokers for three luxury estate home sites fronting on Lake
Willis, a 150-acre natural spring-fed lake near the Dr. Phillips area in
Southwest Orlando. Perfectly located near Sea World, International Drive
and much more.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International
Realty, said International New Home Specialist Dan Natoli has listed the
properties priced from the $400s.
The lakefront home sites range from two acres to two-and-one-half acres
in size, Natoli said.
The seller will consider financing the estate sites for qualified buyers.
“The current owner, a custom homebuilder, has home designs and plans available and is ready to start
construction for an interested purchaser,” Natoli said.
To view brochure, visit: http://www.stirlingsir.com/eflyers/westwood_blvd/westwood_blvd_brochure.pdf
October 2011
Dan Natoli
International New Home Specialist
407.595.8395
DPNatoli@yahoo.com
MIAMI (AP) – Aug. 8, 2011 – Offshore investors are flocking to Florida’s distressed real estate prices as major companies with ties to Hong Kong, Spain, Argentina and Malaysia are snapping up properties sensing the local market has bottomed.
International companies can park their investment and position themselves for the next development cycle, said Tere Blanca, president and chief executive officer of Miami-based Blanca Commercial Real Estate.
“Acquiring prime properties at discount prices in the height of the market was not achievable. Whomever has deep liquidity and can be nimble and act when opportunities arise can acquire properties at what we consider to be solid pricing,” he said, according to the Daily Business Review.
Stephan Gietl of Austria and his partner Fernando Levy-Hara, of Argentina, have purchased 307 South Florida condo units for $40 million since 2009. The duo has sold most of the units, mainly to international investors. Levy-Hara says the units yield between 5 and 6 percent profit per year after maintenance fees and property taxes. “With the potential appreciation, if you’re buying at half the price of the bubble, you have the potential to go up 60 to 70 percent in the next five years,” he said.
As Americans worry about the economy and debt ceiling, international investors still perceive the U.S. as “the most reliable country in the world,” said Andrew Hellinger, chief executive of Coral Gables-based Hellinger & Penabad. “We are a country where you can place your money for investment and know it’s safe.”
South Florida’s most notable recent deals have ties to investors with connections to major international companies. Swire Properties, part of Hong Kong-based real estate and airline owner Swire Pacific, bought 2.15 acres in Miami at $14 million, along with the $13.1 million acquisition of Eastern Bank’s headquarters.
In May, Malaysia-based Genting Group paid $236 million for the Miami Herald’s headquarters. Genting, which also owns 50 percent of Norwegian Cruise Lines, plans to build nearly 7 million square feet of hotel, convention and restaurant space. Genting executives cited Florida’s growing population, budding Miami tourism and a likely nonstop flight from Asia to Miami International Airport as motivating the deal.
Agave Holdings, with ties to the owner of Jose Cuervo tequila, paid First Bank Puerto Rico $30.55 million for a project in Coral Gables.
Espacio USA, the American arm of Spanish real estate company Inmobiliaria Espacio, is about to close on its second office building. The company paid $31.52 million for another office building last year, with renovations running more than $1 million.
Brazilians have led the Miami condo market resurgence, accounting for 9 percent of unit purchases among international buyers of Miami single-family homes and condos, according to the Miami Association of Realtors.
“The feeling in Brazil is certain aspects of their real estate and economy make U.S. real property a relative bargain,” said Richard Goldstein, of Bilzin Sumberg. “In other countries like Venezuela, the currency is not as much of a factor. Political instability is a factor; they want a safe haven for their money.”
Copyright © 2011 The Associated Press. Information from: Daily Business Review, http://www.dailybusinessreview.com
ORLANDO, Fla. – Carolyn J. Burgiel with Stirling Sotheby’s International Realty has been awarded the Accredited Buyer’s Representation (ABR
Carolyn joins more than 30,000 real estate professionals in North America who have earned the ABR
REBAC, founded in 1988, is the world’s largest association of real estate professionals focusing specifically on representing the real estate buyer. There are more than 40,000 active members of the organization worldwide.
THE NATIONAL ASSOCIATION OF REALTORS®, “The Voice for Real Estate,” is the world’s largest professional association, representing over 1,000,000 members involved in all aspects of the real estate industry.
You may contact the Real Estate Buyer’s Agent Council by telephone, (800) 648-6224, by e-mail, rebac@realtors.org, or by visiting the REBAC website, www.REBAC.net.
Contact Carolyn at 407.864.0605, CJSells@earthlink.net, CJSellsFL@gmail.com or www.LuxuryRooftops.com.
'Congratulations to Dan Natoli and Carolyn Burgiel with the LR Team on selling their two Bella Collina property listings during the first week in July. Both properties totalled nearly $1.6 million in sales volume. Dan and Carolyn have worked very hard in developing a strong marketing presence in Bella Collina. What a great way to start the second half of 2011.'
Roger Soderstrom - Owner/FounderStirling Sotheby's International Realty
15919 Vetta Drive & 17123 Etruscan LaneMontverde, Florida 34756 ~ Bella Collina
MIAMI – July 6, 2011 – Foreign buyers are helping to stoke home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida.
For the 12 months ending in March, 31 percent of Florida’s home sales were to foreign buyers, up from 10 percent in 2007, according to a survey by the National Association of Realtors.
In Arizona, 6 percent of sales in the same period were to foreigners. That was down from 11 percent last year but still up from 5 percent in 2007, the data show.
Foreign buyers are being enticed by low U.S. home prices, down 30 percent nationwide since peaking in 2006, and the weakened dollar, which makes their money go further. Since the start of 2006, the Canadian dollar has soared 18 percent against the U.S. dollar, while the euro has gained 22 percent, says data tracker Oanda.
U.S. home prices, meanwhile, have fallen far more than the national average in some places, down 55 percent from their peaks in Miami-Fort Lauderdale and Phoenix, and 36 percent in Los Angeles, says Zillow.com. Those are three of the most popular areas for foreigners searching for real estate on Trulia’s website, that company says.
Sales are so brisk in the Miami region now that more houses and condominiums could sell this year than in 2005, the peak year, says Ronald Shuffield, president of Esslinger-Wooten-Maxwell Realtors in Coral Gables, Fla.
“International buyers have been the fuel for the Miami recovery,” Shuffield says.
About 40 percent of buyers are international vs. less than 35 percent before the bust, he estimates. Many buyers are South American investors snapping up condominiums to rent out, says Peter Zalewski of market researcher Condo Vultures.
In the Phoenix region, there are at least 20 percent more foreigners in the market now than usual, says Don Hammer, manager of Realty Executives in Paradise Valley, Ariz.
One of those shoppers is retired hedge fund manager Peter Duerr of Austria. He’s planning to buy a home in Scottsdale, having sold one there in 2005. “The U.S. is a great buy right now,” Duerr says.
The largest share of foreign buyers, 23 percent, come from Canada, the Realtors’ survey found. China followed at 9 percent. The survey includes foreigners living abroad, those in the U.S. with long-term visas and new immigrants.
© Copyright 2011 USA TODAY, a division of Gannett Co. Inc., Julie Schmit. |
Daniel NatoliRealtor®407.595.8395DPNatoli@yahoo.com
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