Frank and Helen Dimino have sold their Phipps Estates home at 240 Via Las Brisas to Louis J. Porreco of Fort Lauderdale for $5.35 million, according to a warranty deed recorded Friday by the Palm Beach County Clerk’s office.

Fite Shavell & Associates of Palm Beach represented both the Diminos and Porreco, whose wife is Debra, in the transaction.

Builder Dan Swanson of Addison Development Corp. built the custom home — with 8,330 square feet of living space inside and out — for Frank Dimino, a retired businessman who paid $1.47 million for the property in 1999, according to tax records.

Dimino had asked Swanson to build him an Italianate villa similar to the ones he had seen while visiting southern Italy, Dimino told the Palm Beach Daily News last year.

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Stock Development has released plans for Lakoya, a new neighborhood of single-family and estate residences in the northwest corner of Lely Resort.

Lakoya is an exclusive 242-acre enclave with a private gated entrance, sculptured landscaping, classical gardens, Bellagio- inspired fountains and elegant paved walking paths. Here you will find unmatched style and sophistication, all within the Community of the Year, with an award winning club and spa, three championship golf courses and much more.

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In a nutshell, real estate notes are used as collateral and to document the promise to pay the note. Frequently used with mortgages, real estate notes aide in the financing of real property. They are almost always used when the seller offers seller carry back financing. This type of real estate transaction is used with the seller of the property carries a portion or the entire amount of the loan. Typically, sellers carry back between 10 and 40 percent of the note and the buyer retains the balance from traditional lending sources.

Well, one day I woke up. I realized that Real Estate Agents are not only a fact of life, but they’re best way to achieve investment success simply because of their knowledge and important place in the real estate community.

Home Styles and Prices in Poway Real Estate

As prices in the San Diego housing market go, Poway real estate is pretty affordable. Typical 3/2 detached single family homes start around $400,000 and go up from there. In 2007 so far, the medium price of these homes ranged from $900,000 to $1.2 million. The good news for potential buyers of Poway real estate is that the average prices have fallen while the average numbers of days on the market has increased in the past 6 months from 45 days to 70 days. This could mean more motivated sellers and reduced home prices for some lucky buyers.

The homes for sale in Poway real estate are likely to be roomier than what you’ll find in a lot of San Diego communities. The lots are larger; many people buy Poway real estate for their love of horses and desire for room to ride. This is a bedroom community with predominantly middle class and above professionals and families.

The residents of Poway real estate are well-educated and place a value on good education. 93% of locals in the Poway real estate community have a high school diploma or more. And almost 40% have a bachelor’s degree or higher. The public schools available to Poway real estate owners are the best California has to offer; they are ranked in the 90th percentile of California schools.

Lifestyle Surrounding Poway Real Estate

In addition to equestrian’s amenities, the community around Poway real estate offers options to outdoor lovers of every sort. Lake Poway is a lovely retreat surrounded by lush hillsides and fragrant eucalyptus groves. Poway real estate owners hike, sail, fish and camp in this welcoming outdoor oasis year-round. The Blue Sky Ecological Reserve is a protected habitat open to the public and staffed with a full-time naturalist. Everyone from school-age children on field trips, to seniors enjoying the sight of chaparral and animals in their natural habitats, has a reason to enjoy this Poway real estate gem.

Sometimes called the city in the country, Poway real estate’s greatest attraction to home buyers may be the breath of fresh air it provides for residents who commute daily to busier and more congested parts of San Diego.