Broward’s Southwest Ranches community, which was incorporated in 2000, has an upcoming auction of 16 home sites between one and one-and-a-half acres set for Apr. 12. The development, which has approximately 7,100 residents, all of whom live in lots of at least one acre, is approximately 12 miles north of Miami. The auction was announced by Auction Company of America and Accelerated Realty, a Miami-based realty and auction company. “Smart developer are coming back into the South Florida market because they can buy land at prices that are 60 to 75 percent less than 2006 prices,” said Ray Princiotta, president of Accelerated. TRD
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Karlos Dansby, a new recruit for the Miami Dolphins football team, has picked up a new $3.4 million Southwest Ranches home in Broward County. The linebacker’s 10,825-square-foot home sits on 2.35 acres and was built three years ago. Dansby reportedly got a 5.5 percent fixed mortgage rate for the first 10 years, before the loan goes adjustable. The home’s exact address was not immediately clear. [SFBJ]

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5650 Thoroughbred Lane in Southwest Ranches

The South Florida home to see the biggest price cut today is a five-bedroom, five-bathroom house at 5650 Thoroughbred Lane in Southwest Ranches, according to data from Condo Vultures Realty. The $1.8 million Broward County home saw an $876,000, or 33 percent, price cut. It was originally listed for $2.68 million when it hit the market in September 2008. The home sits on a 100,624-square-foot lot in a private, gated community and has a pool, spa and summer kitchen with covered verandas. Joe Caprio of Joe Caprio & Co. Real Estate has the listing. (Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD
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17911 SW 63rd Manor

The South Florida home to see the biggest price cut today is a five-bedroom, four-bathroom house at 17911 SW 63rd Manor in Southwest Ranches, according to data from Condo Vultures Realty. The $2 million Broward County home saw a $300,000, or 13 percent, price cut. It was originally listed for $2.6 million when it hit the market in August, and the price was cut to $2.3 million in November. The waterfront home sits on a 217,252-square-foot lot and has a pool, horse stables and an aviary. Teresa Modlin of Realty Associates Florida Properties has the listing. (Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD [more]

Atlanta-based Rockbridge Commercial Bank has filed a foreclosure action against Weston-based Oakbrook Ranches and managing members Dean Adler, Daniel Kennedy, Brett Zaroff and Reed Zaroff, according to Broward County Circuit Court records. The company had planned to build homes on a 19.5-acre site in the Broward County town of Southwest Ranches, and had taken out a $4.3 million mortgage for the property at the southwest corner of Stirling Road and Southwest 166th Avenue. [SFBJ]

5702 SW 148th Avenue

The South Florida home to see the biggest price cut today is a six-bedroom, three-bathroom home at 5702 SW 148th Avenue in Southwest Ranches, according to data from Condo Vultures Realty. The $2.45 million Broward County home saw a $500,000, or 17 percent, price cut from $2.95 million. It was listed at $3.35 million when it first hit the market in July. The home features a pool, Jacuzzi, and four-car garage, and sits on a 99,752-square-foot lot. Thomas Druck of Keller Williams Eagle Realty has the listing.
(Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD
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