Teen tennis sensation Coco Gauff serves notice that the best is yet to come She’s Got Game!PINECRESTMAGAZINE.COM | MARCH 2020 1 7,500 2 MARCH 2020 | PINECRESTMAGAZINE.COM ADOPT ME MY NAME IS SOUTH FLORIDA’S BEST LIFESTYLES “ROSA” CHRISTINE STIPHANY, CRS ® ONCE YOU ARE QUALIFIED, REALTOR I WILL PAY THE ADOPTION FEE. APPLY TODAY AT 305.903.8845 WWW.PAWS4YOU.ORG [email protected] PURESOUTHFLORIDA.COM 12751 S DIXIE HIGHWAY, PINECREST, FL 33156 SELLING OR BUYING A HOME? Call me Today! PORTABILITY Have you ever looked at your property tax bill Last month I sold a home for $570,000 and and noticed your market value and thought, the market value was reflected as $426,898 “Gee, my house is worth more than that!”? in the tax record. Clearly the market value Well, if you are selling your house, or plan to, is higher than $426,898 if a buyer was just it might just make sense for you to challenge willing to pay $570,000 for it. And, the that value with the Miami Dade County seller had the foresight to anticipate this Property Appraiser’s office and have it discrepancy in value and filed a petition with increased. Why would that make sense? If the Value Adjustment Board a/k/a the “VAB” you have Homestead Exemption, you have prior to their appeal deadline and prior to the received a benefit known as the “Save Our sale. I appeared before the VAB on behalf of 9801 SW 100 AVENUE | MIAMI Homes” cap. The Save Our Homes cap limits the seller and provided documentation from OFFERED AT $639,000 increases in the annual assessment of your the sale to substantiate the request for the Killian Greens Golf course! Cul-De-Sac Location. home to a maximum of 3% per annum increase in the value. Three weeks later the 4BR, 2BA. 2,163 SF. regardless of the increase in the Market Special Master ruled and agreed to Value. You then can “PORT” or use the increase the market value by $33,502 there- “TRANSFER OF HOMESTEAD ASSESSMENT by increasing the seller’s “portability” amount DIFFERENCE” to your new property up to to his new property and effecting a savings of $500,000. Therefore, it would be approximately $600 every year on his advantageous for you to have your market new house! value increased to the accurate value in order to maximize your portability amount. Here is a clip taken from www.miamidade. gov/pa/exemptions_portability.asp that demonstrates how to calculate your PORT whether upsizing or downsizing. CALCULATING PORT MOVING TO A MORE VALUABLE HOME - UP SIZING MOVING TO A LESS VALUABLE HOME - DOWN SIZING 12200 SW 68 COURT | PINECREST PREVIOUS HOME NEW HOME PREVIOUS HOME NEW HOME OFFERED AT $1,198,000 MARKET VALUE $250,000 MARKET VALUE $400,000 MARKET VALUE $250,000 MARKET VALUE $200,000 Casual Elegance on Sprawling Lush Acre! Save our Home Save our Home Over $500K in Upgrades! 5BR, 4BA. Assessment Difference -$100,000 *PORT -$100,000 Assessment Difference -$100,000 *PORT -$80,000 ASSESSED VALUE $150,000 ASSESSED VALUE $300,000 ASSESSED VALUE $150,000 ASSESSED VALUE $120,000 * Step 1: Previous Save Our Homes DifferenceDIVIDED by Previous Market 100,000/250,000 = Cap Ratio 0.4 * Step 2: Cap Ratio MULTIPLIED by New Market Value 0.4 X 2000,000 = PORT 80,000 Portability benefits may be reduced if the benefit is split among multiple homestead owners and is limited to $500,000 8535 SW 100 AVENUE | MIAMI OFFERED AT $589,000 ©2019 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Paradise Found on this Half Acre GEM Located Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are Near Baptist Hospital! 3BR, 2BA & Resort-Style Pool. registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Exclusively Listed New to the Market by Michael Martinez 6699 SW 92 STREET, PINECREST 10325 SW 69 AVENUE, PINECREST 5871 SW 83 STREET, SOUTH MIAMI 90 LEUCADENDRA DRIVE, CORAL GABLES 6520 SW 94 STREET, PINECREST 7450 SW 102 STREET, PINECREST 5 BEDS | 6 BATHS | 6,585 SF 5 BEDS | 5 BATHS | 6,474 SF 5 BEDS | 6 BATHS | 6,524 SF 9 BEDS | 9/3 BATHS | 15,085 SF 8 BEDS | 8/2 BATHS | 12,102 SF 7 BEDS | 7/2 BATHS | 15,345 SF OFFERED AT $3,495,000 OFFERED AT $3,250,000 OFFERED AT $2,995,000 OFFERED AT $27,900,000 OFFERED AT $6,250,000 OFFERED AT $4,995,000 NEW CONSTRUCTION NEW CONSTRUCTION EXPLORE » WWW.5871SW83ST.COM EXPLORE » WWW.90LEUCADENDRADRIVE.COM EXPLORE » WWW.6520SW94ST.COM EXPLORE » WWW.7450SW102ST.COM 9101 SW 63 COURT, PINECREST 13000 SW 63 AVENUE, PINECREST 7502 SW 102 STREET, PINECREST 6455 SW 113 STREET, PINECREST 5890 SW 102 STREET, PINECREST 6005 SW 135 TERRACE, PINECREST 4 BEDS | 4 BATHS | 3,541 SF 4 BEDS | 4 BATHS | 4,879 F 7 BEDS | 7/1 BATHS | 10,254 SF 6 BEDS | 7/1 BATHS | 10,874 SF 6 BEDS | 7/1 BATHS | 8,493 SF 4 BEDS | 3 BATHS | 4,881 SF OFFERED AT $1,395,000 OFFERED AT $1,350,000 OFFERED AT $4,750,000 OFFERED AT $4,250,000 OFFERED AT $3,995,000 OFFERED AT $1,495,000 EXPLORE » WWW.5890SW102ST.COM EXPLORE » WWW.6005SW135TERRACE.COM EXPLORE » WWW.9101SW63CT.COM EXPLORE » WWW.13000SW63AVE.COM EXPLORE » WWW.7502SW102ST.COM EXPLORE » WWW.6455SW113ST.COM Number One Realtor® in the Village of Pinecrest If you are considering listing your home, Best Real Estate Professionals | Individuals by Sales Volume in 2017, 2018 call us today. #1 #1 HIGHEST#1 NEW Top Brokers of 2018 in Michael Martinez, GRI, CRS CONSTRUCTION MARKET SALES Miami Dade County VOLUME SALES SHARE VICE PRESIDENT | ESTATE AGENT – Single Family Home TOP PRODUCER FOR ONE SOTHEBY’S INTERNATIONAL REALTY P. 305.979.9367 TOP $84 W. MICHAELMARTINEZREALTOR.COM PRODUCER MILLION $48 MILLION E. [email protected] CIRCLE TOTAL FOR 6 YEARS PINECREST CLOSED CLOSED Best Real Estate Agents in Florida 2017, 2018 FOLLOW US: @ MICHAELMARTINEZREALTOR @ PINECRESTLUXURYGROUP A Pinecrest resident with 20 years of real estate experience, Michael Martinez is a distinguished industry leader in © 2020 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s today’s South Florida real estate market whose focus is on ultra-luxury residential single-family properties. Michael’s International Realty Affiliates LLC and used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. The information contained herein is deemed accurate but not guaranteed. Pricing subject to change clientele looks to him for consistent, high-quality service when buying and selling. without notice. All data reflects 2019 number as per MLX February 2020. 4 MARCH 2020 | PINECRESTMAGAZINE.COM Exclusively Listed New to the Market by Michael Martinez 6699 SW 92 STREET, PINECREST 10325 SW 69 AVENUE, PINECREST 5871 SW 83 STREET, SOUTH MIAMI 90 LEUCADENDRA DRIVE, CORAL GABLES 6520 SW 94 STREET, PINECREST 7450 SW 102 STREET, PINECREST 5 BEDS | 6 BATHS | 6,585 SF 5 BEDS | 5 BATHS | 6,474 SF 5 BEDS | 6 BATHS | 6,524 SF 9 BEDS | 9/3 BATHS | 15,085 SF 8 BEDS | 8/2 BATHS | 12,102 SF 7 BEDS | 7/2 BATHS | 15,345 SF OFFERED AT $3,495,000 OFFERED AT $3,250,000 OFFERED AT $2,995,000 OFFERED AT $27,900,000 OFFERED AT $6,250,000 OFFERED AT $4,995,000 NEW CONSTRUCTION NEW CONSTRUCTION EXPLORE » WWW.5871SW83ST.COM EXPLORE » WWW.90LEUCADENDRADRIVE.COM EXPLORE » WWW.6520SW94ST.COM EXPLORE » WWW.7450SW102ST.COM 9101 SW 63 COURT, PINECREST 13000 SW 63 AVENUE, PINECREST 7502 SW 102 STREET, PINECREST 6455 SW 113 STREET, PINECREST 5890 SW 102 STREET, PINECREST 6005 SW 135 TERRACE, PINECREST 4 BEDS | 4 BATHS | 3,541 SF 4 BEDS | 4 BATHS | 4,879 F 7 BEDS | 7/1 BATHS | 10,254 SF 6 BEDS | 7/1 BATHS | 10,874 SF 6 BEDS | 7/1 BATHS | 8,493 SF 4 BEDS | 3 BATHS | 4,881 SF OFFERED AT $1,395,000 OFFERED AT $1,350,000 OFFERED AT $4,750,000 OFFERED AT $4,250,000 OFFERED AT $3,995,000 OFFERED AT $1,495,000 EXPLORE » WWW.5890SW102ST.COM EXPLORE » WWW.6005SW135TERRACE.COM EXPLORE » WWW.9101SW63CT.COM EXPLORE » WWW.13000SW63AVE.COM EXPLORE » WWW.7502SW102ST.COM EXPLORE » WWW.6455SW113ST.COM Number One Realtor® in the Village of Pinecrest If you are considering listing your home, Best Real Estate Professionals | Individuals by Sales Volume in 2017, 2018 call us today. #1 #1 HIGHEST#1 NEW Top Brokers of 2018 in Michael Martinez, GRI, CRS CONSTRUCTION MARKET SALES Miami Dade County VOLUME SALES SHARE VICE PRESIDENT | ESTATE AGENT – Single Family Home TOP PRODUCER FOR ONE SOTHEBY’S INTERNATIONAL REALTY P. 305.979.9367 TOP $84 W. MICHAELMARTINEZREALTOR.COM PRODUCER MILLION $48 MILLION E. [email protected] CIRCLE TOTAL FOR 6 YEARS PINECREST CLOSED CLOSED Best Real Estate Agents in Florida 2017, 2018 FOLLOW US: @ MICHAELMARTINEZREALTOR @ PINECRESTLUXURYGROUP A Pinecrest resident with 20 years of real estate experience, Michael Martinez is a distinguished industry leader in © 2020 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s today’s South Florida real estate market whose focus is on ultra-luxury residential single-family properties.