A construction boom? Where? Now?

One of Miami-Dade County's best kept secrets for buyers looking for a home in the 500K to 1.3 million dollar range is Hialeah Gardens Estates. As a matter of fact, most people have never heard of it! It is a rare combination of both urban and country living unlike anything else in the immediate area. It is a quaint secluded neighborhood in Northwestern Dade County of only 200+ homes with two city parks on either side and has one of the lowest tax millage rates in the County.



LOCATION



In real estate the mantra has always been location location location. Here, The Estates most certainly fits the bill. This neighborhood is easily accessed in just 30 seconds from I75 with immediate access to Rt 826 and the Florida Turnpike. Furthermore, one has immediate access to an array of shopping centers including Florida's largest Home Depot. Additionally, dining and entertainment are all within a few minutes drive. And lastly, both the major airports, and down town Miami are only 30 minutes away. Traffic and congestion are virtually non-existent here.



HOMES



For starters, the initial appeal of The Estates is in the size of the lots. They range from .25 acres to 5 acres. This layout immediately lends itself to an ample separation between homes. Zero lot lines are non existent here. Additionally, horses are permitted on those properties that have at least an acre of land. The homes generally range in size from three bedroom 3000 sq. ft. homes to 6+ bedroom residences with 6000 sq. ft.+ of living area.



STATE OF THE MARKET


Market conditions being what they are, the long range prognosis for The Estates is excellent. Firstly, the foreclosure rate is very low with only three bank-owned homes brought to market in the past 12 months. Also, the general turnover rate of homes is also very low, subsequently contributing to overall neighborhood stability. And unlike the conventional market wisdom, The Estates is presently undergoing a construction boom! There are 20+ homes under construction which, in my estimate, will range in market value from $650,000 to $1.3 million at today's market prices. It's important to note that these home owners do not have to build at this time. They are choosing to do so, simply because they realize that a home in Hialeah Gardens Estates is a worthwhile investment that is sure to be in high demand. In short, now is the time to buy a home here at a great price!