Video: Paradise in South Florida

By Reporter
updated 3/16/2006 4:46:44 PM ET 2006-03-16T21:46:44

Perhaps no other market in the country has experienced the nation's real estate boom like South Florida. From Miami on up to the panhandle, property values have soared -- and in some places they’re continuing to go up.

A million dollars isn’t what it used to be in South Florida – but it will get you a house with 5,000 square feet, five bedrooms, four bathrooms and just less than a quarter acre in Weston’s prestigious “Eagle Run,” located about 35 miles north of downtown Miami. And there’s plenty of sun, a pool and top-notch golf just out the back door -- the 8th green of Weston Hills Country Club's player's course.

Coldwell Banker realtor Adele Pick has seen the South Florida market soften – the home on the 8th green was originally offered for about $1.1 million before Hurricane Wilma blew in late last year and blew off the screen covering the pool.

“How much hurricane damage was here? Not that much. This home had no roof damage which was a miracle -- there was a lot of plant damage,” says Pick.

Inside the house, one of the many highlights is the modern kitchen, with stainless steel appliances, granite countertops and an open, airy feel.

“It can actually seat a huge table, probably at least eight people. Great view here … lot of light here too. Beautiful panoramic view here. Very light, very bright,” says Pick. “What I love about this house is how the drapery frames like a picture the golf course lot, so when you have formal dinner parties you can enjoy the sunset and the view outside."

There's even a home study with built-in cherry wood. “People love the fact that they have a built in office because, as you know, most people need a home office these days,” says Pick.

Property taxes run 2 percent of the sale. And lifetime country club membership, that’s $90,000.

For now, that’s the going price for a piece of South Florida paradise.

© 2012 CNBC, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%