Palm Aire Country Club Real Estate

Palm Aire Country Club is a large golf course community of approximately 3500 units. It is the largest condo complex in the city of Pompano Beach. There are 13 different condo associations and well over 100 garden and high-rise buildings. Palm Aire is a popular spot for snowbirds from all over the northern part of the country and Canada. Palm Aire was built in stages beginning in the late 1960’s through the mid 1980’s. One building was completed in 2006. It is called Royal Point. There was supposed to be several buildings in the project, but it was cut short because of market conditions at the time. Instead a park was built on the land those other buildings were to occupy. Palm Aire Country Club is centrally located just 20 minutes from the Fort Lauderdale/Hollywood airport, a few miles to the beaches, and walking distance to the Isle Casino.

Comparing Palm Aire Country Club Real Estate

When you are looking through the Palm Aire listings you may notice a wide discrepancy in prices. There are several other factors that affect the market prices. Many, but not all, of the buildings have rental restrictions and minimum down payment requirements of 20% of the purchase price. Some only require 10% down. Lately most of the sales have been for cash. Almost all units have a golf course view. Some are better than others. In my opinion the buildings with the best views look south over the Oaks Course on Oaks Way. And, of course, the condition of the unit will also affect the price.

View Palm Aire Condo Listings

The earliest phase of buildings surround the Palms and and what used to be the Pines courses. They are on N Palm Aire Dr, South Palm Aire Dr, and South Course Dr. Instead of washer and dryers inside the units they have community laundry on each floor. These buildings are limited to six floors. Later the Oaks and Cypress Course were built and more condos along the fairways came. These "newer buildings" west of the Cypress Creek have washer and dryer hook-ups in the. You will notice quite a big difference in price just for the convenience of having a washer and dryer inside your condo. In the later phase of construction there are “King” models that are 20% larger in addition to the standard size. The newer buildings also have some split bedroom floor plans and up to 10 floors, so the views are better.

Factors That Affect Home Values in Palm Aire Country Club

Condition of the interior is a big factor in values. Because these condos are now about 40 years old, the condition of the interiors also vary widely. It’s possible to walk into what I call a Time Capsule. A unit that hasn’t changed or been updated since it was bought back when man first walked on the moon. On the other hand there are units that have been converted into mini palaces with new marble floors and beautifully updated kitchens and baths. Most of the buildings have pet restrictions, but a few buildings do not. Those that allow pets are found on Cypress Grove Dr. You will end up paying a premium to live in those pet friendly buildings.

New lakes at Palm Aire

At one time there were four championship golf courses and one executive course. Around 2009 The Pines course closed and later the Sabal executive course closed. Beginning in the summer of 2012 crews began digging a lake where those golf courses used to be. The dirt, or fill, was used as fill at the airport construction project. As of the beginning of 2016 three of the lakes are complete and a fourth is near completion. Units that overlook the mess created by the project are tougher to sell. It could be an opportunity for a good deal for those that can put up with it for a little while. They are all on N. Course Drive.

It is important to note that there are a couple of complexes nearby that have Palm Aire in their name. They are not part of the Country Club development. They are Palm Aire Gardens, which was a condo conversion project and the Gardens at Palm Aire, also known as Gardens North. Breezes at Palm Aire is also a recent condo conversion.

If condos don’t appeal to you perhaps a Villa or Townhouse will do. Fairview Pointe which is a gated townhouse community on W Palm Aire Dr.. About half of them have golf course views. Lately they have been selling in the over $300,000. There are also a good selection of single family homes available.

During the market meltdown Palm Aire real estate had become ridiculously cheap. Prices dropped by 60% or more from the peak and well below replacement value. Unlike many condo communities the number of foreclosures is relatively low so its financial condition is stable. Prices have been rebounding lately so don’t delay. Units in need of updating are more readily available compared to remodeled units.

I have sold dozens of homes in Palm Aire. If you are considering buying or selling a Palm Aire home, please contact me today.