Globally Local | This Week with Tropical Phoenix Homes

Good evening, Friends,

This week’s issue is titled Globally Local as I introduce a new content series highlighting the power of the E&V Global Luxury Network. Every day brings another illustration of why the real estate markets of South Florida and The Bahamas pull from an increasingly global clientele. I am proud to call E&V home as it provides an expansive platform to reach markets, both in the pursuit of buyers as well as for the exposure of properties. This week I had a chance to connect with three extraordinary luxury real estate advisors providing great local perspectives and expertise (more on this below) and I’m proud to call them Collaborators.

Also, in this edition you can expect:

- Watch This Week With TPH – it’s a really good one! 

- An ultra-luxury waterfront estate gets a price improvement.

- I toured Fort Lauderdale’s Pier Sixty-Six with a first look of two just completed model units – and holy cow! I dedicate my REIMAGINE space below on my initial thoughts (with a featured deep dive in the works). You’ve got to see my sneak peek! 

- See a day in the life with me at Conrad Fort Lauderdale, there are additional Q3 Market Report Updates, and find some other great real estate updates below.

Also, I came across this quote and wanted to share its wisdom on resiliency with you. Whatever you’re going through or pursuing – keep going!

“When nothing seems to help, I go and look at a stonecutter hammering away at his rock perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it, but all that had gone before.” – Jacob Ris

Make it a great evening and week ahead.

With Gratitude,
Jennie

Watch This Week With TPH

Jennie's Efforts to Provide Value for you

Around the Globe with E&V

The Power of a Global Network

When selecting where to call my luxury real estate sales business “home,” one of the main attractions to Engel & Völkers was the power of the global brand. This is truly a luxury first brokerage, along with relevant extensions like yachting, that fit the objective of helping provide advice and value to my clients as a lifestyle platform. A lot of brokerages speak about being “global,” but I found E&V to truly follow through with that promise.

It’s a tremendous value to my clients, whether buying or selling, to be able to network with global luxury real estate advisors who are experts in their local markets, many of which are feeders to the places I love and work – South Florida and The Bahamas. To illustrate the point, each month I’m highlighting expert luxury real estate advisors from around the globe who I’m proud to call colleagues and actively network with. Whether helping drive exposure to sell a property or mining unique opportunities for purchase, this is the true power of “local expertise with global reach” – not just a catchy mantra (it is catchy, though), but a way of life for this luxury real estate brokerage.

This month we’re highlighting two amazing sets of advisors, their “shops” (E&V language for local office), and their local listings from: 1) The Bahamas; and 2) Montreal / Quebec of eastern Canada. Read the full article here.

From the Islands

The Residences at Montage Cay

As many of you know, part of my business is to present opportunities I passionately believe in within the tropics of The Bahamas. Once again, I am so proud to share a quick preview with you on one of the most incredible new construction projects under development now – The Residences at Montage Cay within The Abacos, Bahamas. There's way more to come! Enjoy the video preview and click here to learn a little bit about this one-of-a-kind project. I’d also love to be a part of your design-build team and that’s part of the value I bring to you through my REIMAGINE services.

Incredible Price Improvement

615 Royal Plaza Drive, Fort Lauderdale

615 Royal Plaza Drive is one of the best priced ultra-luxury waterfront estates on the market in South Florida – yes, you heard me right. With a recent price improvement of $500,000, this jaw-dropping modern masterpiece is now available for $1,362 / SF – which is one of the best available prices anywhere in the prestigious Las Olas Isles for what I consider a “Ready – Rebuilt” home in my classification system. With 100’ of premium waterfront, this is a DEAL at this level. Check out the property on my website, see my latest video clips here (one and two), as well as in the TWW video above), and schedule a showing with me before this opportunity’s window closes.

Also – if you want to hear about the latest South Florida and Bahamas opportunities, learn about what's happening in the market, and hear my perspectives – be sure to check out my Opportunities presentations and let’s schedule a time to get together!

Here’s another favorite ultra-luxury waterfront opportunity on the market that’s priced to sell. I, honestly, can’t believe the price.

Catch Me at Conrad       

Live Like You're on a Luxury Vacation   

Live the Conrad life and take the hassle out of ownership. Be sure to check out a quick preview in the TWW video above, and I’m working on a deep dive for you on this wonderful resort building. I have some unique perspectives on what makes the Conrad Fort Lauderdale stand out against its comparable set – notably the nearby Four Seasons and Ritz Carlton. Schedule a meeting with me, and I’ll be happy to explain the benefits of ownership for all three properties. It’s time to live like you’re on a luxury vacation! View the latest Conrad Fort Lauderdale inventory.

Values Market Report

Q3 2024 Broward, Miami-Dade, Palm Beach

All month we’ll be releasing a tri-county, South Florida Q3 Values market report for the $1M+ Single-Family Home and Condo & Townhouse property types. Today, check out our report on Sea Ranch Lakes! Check back on my blog and social channels as we release new markets in the report throughout November (Coral Gables, Coconut Grove, Palm Beach, and more are on deck). We’ll return to our Values: Key Takeaways market report video series next month, focusing on activity between the quarters (and I really appreciate the kind feedback on those video reports!). By understanding past data, it helps us inform the present and future – all with the goal of helping you make better real estate decisions. Visit our full Values market report series for great insights around South Florida.

On the Water

Winter Yachting and Day Charters

Winter yachting season in the Caribbean is upon us and there’s still time to book your dream vacation! I am working with Saint, an 88’ Sirena that is a pure masterpiece on the water. Connect with me to learn about opportunities for bookings while she’s in the Lower Caribbean, The Bahamas, and back in Miami later this year and early 2025. Book with me as your advocate to work out the best deal possible. Enjoy my tour of this incredible yacht in the full film above.

What's Caught My Eye

Around Town & In the News

$2B Marina Development Aims to Turn Fort Lauderdale Into ‘Mini-Monaco’. What an exciting time for Fort Lauderdale! Contact me on the currently available offerings, expected to be delivered in 2029, and I’ll be featuring this project in a deep dive soon. If you’re able to wait and plan ahead, this would be a great time to buy early in the project.

Entrepreneur Buys Coral Gables Home Lot for $18M. Another big sale in the City Beautiful! This continues the trend of really strong demand within the ultra-high-end sector in the Gables. See my last Key Takeaways report for more on this (with another update coming out soon).

What Trump’s Win Could Mean for Housing. Expect to see a lot (a lot!) on this subject, but Time presents some interesting early predictions.

Takato is a world-class Japanese – Korean fusion restaurant located on the ground level of the Conrad Fort Lauderdale. Enjoy sweeping views of the Atlantic Ocean while dining with some of the best team, food, and service in the area. You can see a little peek in the TWW video above.

Erba is a very special and beautifully decorated Italian inspired restaurant in Coral Gables. The dining room is intimate, the food is incredible, the staff is knowledgeable, and it’s a great place for a special night out or business meeting.

The Cost of Capital

Real Estate and Capital Markets

Inflation Stays Firm, but Not Enough to Derail December Fed Cut. A great overview on the subject by the WSJ.

Markets See 80% Chance of December Fed Cut After Inflation Data. Nicely presented perspective from Bloomberg that most traders are seeing interest rates cut by another quarter point in December.

Mortgage Rates Forecast for 2025: Experts Predict How Much Rates Will Drop. Forbes packages a comprehensive overview of some early predictions heading into next year. Is it worth waiting?

Looking for a residential loan with some people who will literally work until midnight for you? If so, you need to talk to the amazing team over at Point Mortgage Corporation located in Coral Gables. Ask for Brandon, he’s a star! See their offices in the TWW video above.

REIMAGINE Thought of the Week

Pier Sixty-Six, Fort Lauderdale

Pier Sixty-Six takes ultra-luxury living, especially for boaters, to another level in not just Fort Lauderdale – but within all of South Florida as a regional draw. I had the privilege of spending an afternoon touring the property, including the only two recently completed model units – both by Steven G. – which are stunning! Be sure to check out my preview in the TWW video at the top of this newsletter and stay tuned for a deep dive I’m preparing on this incredible project.

“Azul” and one of the “Resort Residences” condominium buildings are now “occupancy ready.” They each offer distinctive advantages and opportunities that I’d love to share with you. The available units are being delivered “designer ready” – which means we can design whatever your heart (and budget) desire. I’m putting together a program through my REIMAGINE services to help you i) identify, negotiate, and purchase the right opportunity here and ii) help you every step of the way through the design-build process. We can select the right interior designer, materials, and contractor to help bring your next dream home to life! Don’t wait for my deep dive, and let’s setup a time to discuss the options available.

This was a good issue, wasn't it? Thanks for spending your time with me. Until next time!

Respectfully,

Jennie

*We work with referral partners who are licensed brokers for real estate transactions within The Bahamas in accordance with local laws. We have developed personal relationships with a very specific list of expert brokers per island / community / project that we trust to do business with our clients, and will advise as much or as little as needed to help ensure a smooth experience for you.

**We are real estate professionals and not investment advisors. Our objective is to be a useful part of your overall team, providing you with expert market information to help you make informed decisions along with other professionals in your ecosystem. Also, this is not a solicitation for investment.