Neighborhood News

Real Service... Real Results                                         September, 2011 
  102A Palm Point
Laura Cole & Tana Gaskill
  (561)        (561)
 776-4429    776-4444
 Illustrated Properties
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In This Issue
Real Estate Trends
Featured Property
Local Theatre



It is still fairly quiet here in South Florida.  The highways are traffic free, the restaurants are delightfully welcoming and tee times are any time you wish to play!


Read about the coming 2012 season for Dramaworks and their exciting move to the Clematis Street theatre.  You are not going to want to miss out on their award winning drama. 


Lots of Real Estate news as well and some good insights into the property market.


Warm regards,
Laura & Tana


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BallenIsle Sales

   102A Palm Point

Last month, Wall Street answered the rancorous debate over the debt ceiling with four consecutive days of wild swings involving more than 400 points per day.  In one of the most volatile weeks in the market's history, unnerved investors were suddenly scrambling to find safer havens to park their money.  Meanwhile the volatility that unsettled real estate

markets over the past few years has largely subsided, leaving housing prices at their lowest level since the turn of the century.  In a clear case of over-correction, seasoned market watchers are now calling many areas that bubbled-up the most during the boom, like South Florida, undervalued.

Real estate is rarely a practical way to earn a short-term profit, as many underleveraged property flippers discovered the hard way once the boom went belly-up.  Still, as a means to enjoy steady long-term appreciation, it remains one of the most reliable.


Today's real estate investors have their sights properly set on the long term.  For example, with the rental market struggling to meet demand, many buyers are purchasing homes to lease out over the long term.  If the home is strictly for your own use, the purchase will yield much more than a parcel of real estate.  Home prices-now presumed to be at or near their bottoms-are expected to trend higher over the next several years; restoring real estate to the reliable, long-term proposition it has usually been.  Plus, with interest rates now approaching their lowest level in recorded history, the long-term cost of owning a second-home or retirement property (in a tax-friendly state) has seldom been lower.  Buying now will help keep costs to a minimum, especially if the property earns rental income until you're ready to move in.


Last month's news cycle also brought a reminder of why it's always best to work with the most knowledgeable and well-connected brokerage and agents in your market.  In a much publicized case of "Do as I do, not as I say," Colby Sambrotto-a founder and former chief operating office of six months trying to sell his condominium in New York City (on his own of course) before finally enlisting a brokerage that specializes in his Chelsea neighborhood.


Once his $2.15 million property was listed with the broker, it was placed under contract within six months, attracted multiple offers; and closed for $150,000 more than its original asking price.  This was largely due to the agent's superior knowledge of the neighborhood as well as his brokerage's ability to market New York City properties to buyers around the world.


Whether you're buying a home for yourself-or as a rental property-we are

ready to help you accomplish your goals. We will help you find, negotiate, finance and close on the property.  Moreover, our company, Illustrated Properties offers a full range of services including extensive internet and international marketing, in-house title, mortgage and insurance affiliates and the experience of 3 generations. 



                                                      SALE                ORIG           SALE         MKT

 ADDRESS                           BR  BA          PRICE               PRICE          DATE        TIME






























*This representation is based in whole or in part on data supplied by the Realtors Association of the PalmBeaches or its Multiple Listing Services thru 09/07/2011.  

To learn more about current Real Estate trends in BallenIsles, click on the links below.



127 B Palm Bay front127B Palm Bay kitchen 


Beautifully decorated Palm Bay garden view condo with 3 designer finished bedrooms and 3 full baths.  Upgrades throughout this condo with stunning gourmet kitchen and formal dining room cleverly used as an office/den complete with gorgeous built-ins.  Every bath is elegantly appointed and quality abounds throughout this home.  Lovely neighborhood clubhouse and pool plus all the BallenIsles Country Club amenities including NEW Sports Complex, Spa and totally renovated Clubhouse.

Call us, we can sell your property!


See All BallenIsles Properties for Sale 
LOCAL THEATRE                    
Palm Beach Dramaworks


Started in 2000 with a budget of $20,000, this home-grown company is a success story boasting an annual budget over two milliion dollars!  West Palm Beach's longest residing professional theatre, Dramaworks, launches its 12th anniversary season with Arthur Miller's acclaimed play All My Sons on Saturday, November 12th, at 8PM in their brand new Clematis Street theatre. The season will continue with a distinguished roster of plays including The Effect of Gamma Rays on Man-in-the-Moon Marigolds by Paul Zindel, The Pitmen Painters by Lee Hall, Master Harold...and the boys by Athol Fugard and Proof by David Auburn. 

"It is with great enthusiasm that we announce the inaugural season of our new Clematis Street theatre. The larger venue affords us the opportunity to expand our artistic horizons, while staying true to our mission of presenting timeless classic and contemporary plays and Theater to Think About" stated Producing Artistic Director William Hayes.  "All of the masterful works slated for next season, celebrate our humanity, with all the conflict and beauty intact."

All My Sons is a morality play about the cost of lying and the price of truth-telling, and examines a troubled family with a father who placed duty to his family above the lives of others, and now must face the consequences. (November 12 - December 4). The season continues with The Effect of Gamma Rays on Man-in-the-Moon Marigolds, the Pulitzer Prize winning play by Paul Zindel. The play depicts a mentally unbalanced woman's far reaching effects on the lives of her two daughters, and a young girl's struggle to keep her focus and dreams alive. (January 6 - January 29). Following on February 17th, the curtain rises on The Pitmen Painters by Lee Hall, the writer of Billy Elliot. It is the triumphant true story of a group of British miners who discover a new way to express themselves and unexpectedly become art-world sensations! (February 17 - March 11). Master Harold...and the boys by Athol Fugard continues the season on April 6th. When a South African white boy and two black workers he has known all his life connect on one rainy day, their wide-ranging discussions illustrate all that unites us and the gulf that still divides us. (April 6 - April 29). The season concludes with the Pulitzer Prize winning drama Proof by David Auburn. In this Tony Award-winning play, the daughter of a brilliant but mentally disturbed mathematician comes to grips with her possible inheritance - his insanity. (May 25 - June 17).

Palm Beach Dramaworks is a non-profit, professional theatre. Supplementing their main stage shows, Palm Beach Dramaworks offers special programs which enhance and shape the future of the theatre community such as Drama(in the)works and Emerging Artists Showcase.  Additionally, the Master Playwright Series offers a unique opportunity for artists and audience members alike to become involved in the creation and critical interpretation of important theatrical works. 

The performance schedule is as follows: Evening performances are Wednesday through Saturday at 8PM; Sunday at 7PM; Matinee performances are Wednesday, Saturday and Sunday at 2PM. Individual tickets are $55 for all performances. Student tickets are available for $10. Group rates for 20 or more, and discounted season subscriptions are also available.

201 Clematis Street,

West Palm Beach (561) 514-4042  


See more local theatre information