I'm thinking of buying a second home in the Ft. Lauderdale area and I came upon something in Plantation.

Asked by Bethany Marten, Baldwin, NY Sat Nov 15, 2008

The development is called Fox Run. How is it? What would an average price be in today's market for a 2500 square home in diamond condition w/a pool on the lake?

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6
Pennie Arnes…, Agent, Davie, FL
Thu Feb 25, 2010
Hi Beth,

I don't know if you bought your home in Fox Run yet, but wanted to give you an update. Current asking prices of pool homes are $425,000 for 2500 sq ft and $449,000 for 2900 sq ft. The last two sales were in 5/09 and they sold for $380,000 for 2200 sq ft and $323,000 for 2500 sq ft.

I hope this helps you in confirming or making a decision to purchase. Please let me know if I can assist you in your real estate needs in any other way.
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Goldteam, , Boca Raton, FL
Wed Oct 14, 2009
For a free local CMA or area relocation, call Jay Tucker at 1.888.984.4437.
Web Reference:  http://www.GoldTeam.com
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Elizabeth M…, , Plantation, FL
Tue Jul 7, 2009
Hi Beth:

The Plantation area is a beautiful area and the Fox Run subdivision is one of many in the area known as Jacaranda. As many have already expressed the average home sales in this area is $329K but most are Short Sales. Close to major roads, malls and great schools.
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Carla & Marc…, Agent, Cooper City, FL
Mon Nov 17, 2008
Hi Beth,

By the Fort Lauderdale area do you have in mind the east part of town, close to the beaches? Would you like to keep it occupied/rented for the period you are not in Florida? Broward County is pretty large and depending on your lifestyle it may be other areas would also apppeal to you.

There are houses avalable at Fox Run ranging from $370K to $529K and there were only two sales of properties with a pool on the lake this year:

1. 3/2 - 2198 sq ft - $360,000 - cloosing date: 08/08
2. 4/3 - 2232 sq ft - $418,000 - closing date: 01/08

Please let me know if you would like me to run a search for you. If so, please specify your criteria.

Sincerely,
Carla Rocha
0 votes
Gregory Hort…, , 33326
Sat Nov 15, 2008
Hello Beth,

I live and work very close to Fox Run. It is a great community and is very centrally located. Due to the current market buyers really dictate price at this point. Right now the range is anywhere from $360K to $450K. The following link will take you to the homes that are available now in Fox Run that most closely fit your needs. Good luck in your search and should you need any assistance please feel free to call or e -mail.

http://sef.mlxchange.com/Pub/EmailView.asp?r=403447981&s…

Best regards,

Greg Horton
EWM Realtors
954-295-4734
0 votes
David A Podg…, Agent, Boynton Beach, FL
Sat Nov 15, 2008
Beth,
in my web references I put a link to all the listings in Fox Run that are on the MLS. As you can see the prices run from $330K (likely a short sale) to $529K. Given the market you have to figure 10-15% inflation on the "right priced" listings...and unless the $529K is spectacular and the owner reasonable, it may be overpriced....

Plantation is a good area - conventient to Sawgrass Mills Outlet Malls which includes the new IKEA and the BankAtlantic Center where the Florida Panthers play as well as home to many concerts. It is a little North of the Seminole Hard Rock Hotel and Casino. It is just North of I-595 an East West highway to get you to the Airport...and in between The Florida Turnpike and the Sawgrass Expressway to the extreme West.

when you look at listings online, be careful when you look at homes in South Florida in judging their square footage... we measure 2 types of square footage - total and a/c... a/c is what you want to go by because the un-air-conditioned spaces such as garage, covered patio, etc are not living areas and are quite hot in the summer.

Alternatively to Plantation, I would suggest coming North to Palm Beach County - why?? because for the same money you will get newer. You could buy in Boynton Beach or Delray Beach 20-30 minutes North on the Turnpike and get a newer build than Fox Run / Jacaranda and even new construction with the Diamond Condition and Pool you want.

Also, newer means lower insurance... and Palm Beach County has a lower tax rate than Broward. Since you'll be a non-Homestead owner, your taxes will play a big role in your budgeting. In Broward County you'll calculate your taxes over 2.1%!!! In Western, Unincorporated Palm Beach County which is further EAST than West Broward you will pay in most areas 1.7-1.85%... a big difference... and without the $50K homestead tax exemption it will be important to calculate taxes in your cost of maintenance.

In Boynton Beach you could consider a few new commuities:

Greystone - which would be less expensive than Fox Run
http://www.bocaexecutiverealty.com/real_estate/Boynton_Beach…

Canyon Springs - which would be on par but you could buy a brand new, never lived in property there
http://www.bocaexecutiverealty.com/real_estate/Boynton_Beach…

In Boca Raton for similar dollar amounts but much better schools and surroundings than Fox Run I would look at Boca Isles, the Shores and Mission Bay
Boca Isles http://www.bocaexecutiverealty.com/real_estate/Boca_Raton/Bo…
The Shores http://www.bocaexecutiverealty.com/real_estate/Boca_Raton/Bo…
Mission Bay http://www.bocaexecutiverealty.com/real_estate/Boca_Raton/Bo…
and some of the fantastic listings in Saturnia would more than fit the bill http://www.bocaexecutiverealty.com/real_estate/Boca_Raton/Sa…

In Delray Beach
Saturnia Isles (same builder as Saturnia, newer properties) - http://www.bocaexecutiverealty.com/real_estate/Delray_Beach/…

As far as convenience to the beach, things to do, movies, culture, etc... I personally feel that Palm Beach County is superior....

David Podgursky
Broker-Associate
Boca Executive Realty
561-504-6949
561-623-9612 skype
davidp@bocaexecutive.com
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