Luxury townhome project Pinecrest Villas now 60 percent sold

Miami /
Feb.February 23, 2016 12:45 PM
Pinecrest VillasBathroomLiving areaSite planBedroomPool areaKitchen

Pinecrest Villas, a seven-unit luxury townhome development in the Village of Pinecrest, is nearly 60 percent sold with an expected delivery date of October 2016.

Four of the townhouses have sold to a combination of local and international buyers, Lizzie Padro, exclusive broker for the project, told The Real Deal. Padro, of Coldwell Banker Residential Real Estate, said residences range from $795,000 to $1.46 million. Hialeah Gardens-based RJT Construction is the developer of Pinecrest Villas, which is located at 11833-11847 Southwest 81st Road.

Units range from 2,500 square feet to 3,200 square feet on lots between 3,700 square feet and 4,800 square feet. Each townhouse features its own driveway, a two-car garage, an enclosed backyard with a trellis and pool, an outdoor kitchen, 10-foot ceilings, and landscaping.

Padro said construction crews are working on drywalling and framing for all seven townhomes, and they expect to begin on finishes by the end of March. The buyers are mostly young families with children who want to be near schools in Pinecrest. She said new construction, especially townhouses, are more appealing to her buyers “because of the value.”

Also in Pinecrest, GC3 Development and Bindor Development are building two new developments: Pinecrest Place, a single-family home project at 9600 Southwest 72nd Avenue, and Villas at Pinecrest, a townhome project at 7520 Southwest 100th Street. The townhouses start at $1.2 million and the homes at $2.5 million.


Related Articles

arrow_forward_ios
10061 Southwest 60th Court in Pinecrest with Dr. Robert DerHagopian (Google Maps, Miami Cancer Institute)
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
Land gobbler: Lennar pays $25M for dev site near Pinecrest
Land gobbler: Lennar pays $25M for dev site near Pinecrest
Land gobbler: Lennar pays $25M for dev site near Pinecrest
Brian Lombardi, Jared Brunnabend, Daniel Lombardi, Brian Lombardi, andDavid Lombardi with 12441 South Dixie Highway (Lombardi, Google Maps)
Lombardi Properties sells Pinecrest retail building for $6M
Lombardi Properties sells Pinecrest retail building for $6M
South Florida by the numbers: Winter sports heat up market
South Florida by the numbers: Winter sports heat up market
South Florida by the numbers: Winter sports heat up market
Raimundo Onetto, CEO of Alta Developers, with a rendering of the project (Behar Font & Partners, Alta)
More apartments on tap: Alta nabs $77M loan for project near Pinecrest
More apartments on tap: Alta nabs $77M loan for project near Pinecrest
The identity theft charges use Oceana Bal Harbour and Mei Miami Beach condos (Oceana, Mei, iStock, District Court of South Florida)
$10M mortgage fraud honed in on Oceana Bal Harbour, Mei Miami Beach condos
$10M mortgage fraud honed in on Oceana Bal Harbour, Mei Miami Beach condos
Jimmy Butler, Reshma Sohoni and 8975 SW 63 Court (Getty, Google Maps)
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Julia Wittlin and the Pinecrest home(ONE Sotheby’s International Realty)
BlackRock portfolio manager buys Pinecrest spec home
BlackRock portfolio manager buys Pinecrest spec home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...