EXISTING COMMUNITY OVERVIEW
Presidential Estates is located midway between Fort Lauderdale and Miami on the east side of I-95, which makes it stand at one of the most desirable areas in South Florida.
Presidential currently features homes by Coscan Homes and the Signature Collection by Brookman-Fels. There are 176 one or two-story homes built between 1998-2002 from 2,600 to 6,500 sq.ft. featuring private pools with lake or park views. Additionally, the gated neighborhood offers a 24-hour manned gatehouse for extra privacy and security.
THE OPPORTUNITY
By allowing our development team to build 36 new luxury homes, the existing community will receive the following benefits:
- A private, community-owned 65-acre park. One of the largest in South Florida.
- A new 5,000 s.f. (approx.) Clubhouse.
- A Tennis Center with 4 Har-Tru courts.
- $300,000 towards an updated community gate entrance.
- New exercise fields, walking/jogging paths and water features.
- A new barrier/security wall along I-95.
EXISTING COMMUNITY DRAWBACKS
- Lack of amenities found in similar high-end, gated communities.
- Homes surrounded by land the community neither owns nor controls.
- 7 Years of on-going litigation.
- No guarantee of the legal process timing or outcome.
- Home values potentially impacted by unresolved land ownership and the absence of amenities.
- I-95 sound intrusion and security vulnerability.
COMMUNITY ENTRANCE
OPPORTUNITY
- Updated gate house Design and Landscape.
- Improved Traffic Flow.
- New Access Technology.
- Better Security System.
EXISTING
- Outdated design not in keeping with high-end communities.
- Traffic Jams.
- Outdated Access Technology.
- Outdated Security System.
NEW CLUBHOUSE
Currently
- Non-Existent.
- No Management Office.
- No Common Areas available for Meetings or Social Events.
- No Game Room.
- No Kitchen.
- No Fitness Center.
OPPORTUNITY
- New 5,000 s.f. (approx.) Clubhouse with dedicated parking area.
- $150,000 contributed to finish, furnish and equip creation of:
- Management Office.
- Social/Meeting Rooms.
- Game Room.
- Kitchen.
- Fitness Center.
TENNIS COURTS
- 4 New Har-Tru Tennis Courts.
- Dedicated parking.
- Located adjacent to new clubhouse.
SOUND BARRIER / SECURITY WALL
- New sound barrier/security wall along I-95.
- Approx. 3,500 linear feet.
- Addition of another layer of security and privacy.
PRIVATE 65-ACRE PARK
- New 65-acre private, community-owned park.
- Land ownership transferred at no cost to HOA.
- New walking paths with fitness stations (Vita Course).
- New water features.
- Up to $250,000 for additional amenities.
THE NEW RESIDENCES
opportunity
- 36 New high-end residences starting at 4,500 s.f.
- Prices locked at $500/s.f. for two years.
- Updated design similar to community aesthetics.
- Roadway system aligned with existing specifications.
- Improvements to water supply through updated system.
- New independent sewer system - no stress to existing system.
existing
- Potential for substantially more new residential units to be added with no amenities for existing owners.
- Potential for public Golf Course to resume operations.
PROPOSED SITE PLAN
CONSIDERATIONS
Minimal Construction Impact:
- Separate construction entrance.
- Security fence to separate construction site.
- Construction site adjacent to, but not within boundaries of current homes.
- $1MM Completion guarantee and construction insurance provided.
- All new homes and amenities will be included in Presidential Estates Declaration of Covenants.
BENEFITS
- Resolution of ongoing legal battle.
- Transfer of ownership of unused land to the HOA.
- Creation of new amenities buyers expect in gated, country club community:
- Private, community-owned 65-acre park.
- New clubhouse.
- New tennis courts.
- Community entrance/gatehouse upgrades.
- New exercise fields, walking paths, and water features.
- Sound barrier/security wall along I-95.
DEVELOPMENT TEAM
DEDICATED CONTACT INFO
For further questions or inquiries you may call or email us using the info below or by simply filling out the adjacent form and we will get back to you as promptly as possible.