AmPro Realty, Author at Stuart, FL Real Estate | AmPro Realty | Stuart Homes for Sale in MLS
Call Us: 772-334-8600
Email
Search Properties By County

Lennar breaks ground for BellaSera in Royal Palm Beach

Lennar broke ground for construction of 385 houses with the new BellaSera community coming soon in Royal Palm Beach. In 2015, Miami-based Lennar paid the village $35 million for the 154-acre development site, just west of H.L. Johnson Elementary School off Crestwood Boulevard. Lennar’s gated residential development, called BellaSera, will have house prices starting in the low $400,000s. The one- and two-story houses will have three to five bedrooms and two to five and a half bathrooms and garages for two or three cars. Through Lennar’s partnership with online retailer Amazon, BellaSera houses will come equipped with Amazon’s voice-activated digital assistant Alexa. In addition, “this will be our first completely Wi-Fi certified community,” which eliminates Wi-Fi dead spots in houses, Dan Grosswald, president of Lennar’s ...

Mortgage Rates Rise to Nearly Four-Year High on Inflation Concerns

Mortgage rates have climbed to the highest level in close to four years, according to data released Thursday. The 30-year fixed-rate mortgage averaged 4.38% in the week ending Feb. 15, up from 4.32%, mortgage buyer Freddie Mac said. A year ago, the benchmark mortgage averaged 4.15%. The 15-year fixed-rate mortgage averaged 3.84%, up from 3.77%, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, up from 3.57%. The backup in rates has occurred on concerns about rising inflation pressure, with the latest increase coming after a stronger-than-forecast gain in consumer prices. “Inflation measures were broad-based, cementing expectations that the Federal Reserve will go forward with monetary tightening later this year,” said Len Kiefer, deputy chief economist. Fellow mortgage buyer Fannie Mae said it’s upped its ...

Fort Lauderdale developer nabs $80M construction loan for rental tower

Fort Lauderdale developer Elevate Partners just closed on an $80 million construction loan for a luxury rental tower, property records show. The developer plans to build 4 West Las Olas, a 25-story, 260-unit luxury apartment building at 305 South Andrews Avenue. Trez Forman Capital Group is the lender. Elevate Partners is in the process of demolishing buildings and plans to break ground in a couple of months, principal Tom Vogel said. It would be completed within 18 months to two years of groundbreaking. Records show Elevate One River LLC paid $24 million for the site in August. The riverside apartment building will have studios, one, two and three-bedroom units and about 5,000 square feet of retail space on the corner of Las Olas Boulevard and ...

Lake Tahoe Location Seen in ‘The Godfather Part II’ on the Market for $3.75M

realtor.com The Lake Tahoe, CA, estate famously featured in “The Godfather Part II” as Fredo’s final resting place has since been transformed into 22 individual homes, now called Fleur Du Lac Estates. One of the homes is currently on the market for $3.75 million. The original 15-acre estate known as Fleur Du Lac was built in 1938 by businessman Henry Kaiser to celebrate the completion of the Hoover Dam. The company Kaiser owned was one of the principal contractors for the dam. In all, 300 workers labored day and night for 30 days to erect this lakeside property’s 17 homes, cottages, yacht club, boathouse, and more, according to the community’s history. Until Kaiser sold the estate in the 1960s, it was used as a hideaway for business tycoons. It was ...

Developer adds affordable housing to proposed condo project at Fisherman’s Wharf in Jupiter

The photo shows the location of the Fisherman’s Wharf development planned in Jupiter. Fort Lauderdale-based real estate development firm Spear Group added affordable housing to a proposed waterfront condominium to win approval of the project from town officials in Jupiter. The town’s planning and zoning commission is scheduled to vote Tuesday on the proposed $40 million development, called Fisherman’s Wharf. The town’s planning and zoning staff has recommended denial of the proposal to build Fisherman’s Wharf. Two of the proposed condo buildings would be six stories tall and one would be approximately 64 feet tall, well above Jupiter’s limit of 40 feet. The 32 condo units would be priced at $1.3 million each. Spear Group has revised its proposed development to include a fourth building ...