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Published by Vero Beach 32963 Media, 2017-02-02 14:31:45

VB32963_ISSUE05_020217_OPT

VB32963_ISSUE05_020217_OPT

56 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

HEALTH

‘TAVR’ takes heart valve replacement to new level

BY TOM LLOYD of San Francisco reports that more
Staff Writer than 5 million Americans are diag-
nosed with heart valve disease each
The Welsh Heart Center at the In- year. Aortic stenosis is far and away
dian River Medical Center just broke the most common of these diseases.
new medical ground.
Aortic stenosis is commonly
For the first time ever, Trans- caused by calcium buildup or scar-
catheter Aortic Valve Replacement ring that narrows one or more of the
(TAVR) procedures are now being valves inside the heart.
performed in Indian River County.
Largely a result of the aging pro-
The John Muir Health Foundation cess, it can and does cause heart fail-

Dr. Mark Malias.

PHOTO: DENISE RITCHIE

Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 2, 2017 57

HEALTH

ure, cardiac arrest and – yes – death. ment valve is then delivered to the TAVR can radically reduce a patient’s “We’ve already had patients come
Eighty percent of those with aor- site of the existing damaged or dis- fear factor. “Some folks,” he explains, say, ‘I just want TAVR; I don’t want
eased valve or valves through the “come into a surgical sternotomy surgical aortic valve replacement,’”
tic stenosis are men, and without in- catheter. Once in place, the new scared,” but for patients who’ve had Malias says. “What we’re witnessing
tervention the survival rates for this valve is expanded with a small bal- the TAVR procedure fully explained, is medical consumerism.”
disease are low. loon, pushing the old valve leaflets there’s far less trepidation.
out of the way and taking over the Still, the FDA isn’t always in sync –
So an IRMC heart team has come job of regulating blood flow in and There’s also a time factor favoring let alone in lock-step – with medical
together to launch a new heart valve out of the heart muscle far more ef- TAVR. A sternotomy can last five or consumerism.
replacement program, radically al- ficiently. more hours, adding to patient stress,
tering the landscape of heart care in but Malias says the catheter-based Currently the TAVR procedure is
Vero Beach. The team includes car- Cardiovascular surgeon Malias is procedures typically take only about only approved by the FDA for pa-
diovascular surgeons Dr. Cary Stowe almost effervescent as he says “I am 60 minutes. tients deemed at “extreme, high or
and Dr. Mark Malias; interventional really excited about this. I’m excited intermediate” risk of death from the
radiologist Dr. Clarence Yates; in- for our patients. Malias talks about the TAVR team complications associated with open-
terventional cardiologists Dr. Jay as a melding of skills – “the cardiolo- heart surgery.
Midwall and Dr. Joshua Kieval; Dr. “I get very frustrated when I op- gist skills, surgical skills, the radi-
John Lindenthal, a cardiac anesthe- erate on an 85-year-old guy and do ologist’s skill interpreting new, high- So, typically a patient’s personal
siologist; and critical care specialist a [traditional surgical] triple-valve powered CT scans, and the cardiac cardiologist must make a referral
Dr. George Mitchell, together with replacement and he spends the next anesthesiologist who’s interpreting to Dr. Stowe and to Dr. Malias – for
members of the catheterization lab- 30 days here in the hospital after- a 3-D echo as we’re blowing up the a second opinion – as well as to an
oratory team and the hospital’s op- wards,” Malias says. “You start to balloon – all these skill sets are com- interventional cardiologist to deter-
erating room staff. question, was that a success or not? ing together to take care of one pa- mine that patient’s eligibility for the
But with this, I would anticipate the tient.” TAVR procedure.
Heart valve replacements used to hospitalization being two-to-four
require an open-heart surgery called days as opposed to 30 days.” “Before, we used to pass the pa- However, since the American Heart
a “sternotomy” in which the chest is, tient along from one doc to the oth- Association flatly states that “heart
quite literally, cut and splayed open Less physical trauma also means a er. Now it’s one patient and all the valve disease seriously increases a
to gain access the heart. change in post-op medication. docs are coalescing their knowledge person’s risk for sudden death,” it is
around that patient.” entirely possible – and maybe even
The TAVR procedure, however, “For a surgical aortic valve re- probable – that the FDA will soon
is minimally invasive. It is done by placement,” Malias explains, “I IRMC shares Malias’ enthusiasm authorize TAVR for all heart valve
running a catheter – usually through would put patients on Coumadin for for the new procedure and will be patients, and now that procedure is
the femoral artery in the groin – up three months, but with [the new-to- adding another cardiovascular sur- available right here in Vero Beach.
to and inside the heart muscle itself. Vero TAVR procedure] lots of sur- geon, Dr. John Brock, to its team lat-
No incisions are made in the chest at geons just put patients on Plavix and er this month. The Welsh Heart Center is located
all. Aspirin. inside IRMC just off 36th Street in
Malias says the demand for the Vero Beach. The phone number is
A fully collapsible tissue replace- Moreover, according to Malias, procedure is already strong. 772-226-4800. 

58 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

HEALTH

‘GI’ know: Decode the Glycemic Index for better health

BY MARIA CANFIELD carbs has on blood glucose (sugar)
Correspondent levels. Put most simply, the lower
the GI, the better.
Most everyone with even a pass-
ing interest in watching their car- But as is the case with many com-
bohydrate intake has heard of the plicated topics, the Glycemic Index
Glycemic Index, and any number concept has been dumbed-down a
of versions are just a computer click bit, and a recent conversation with
away. Melbourne endocrinologist Nikhita
Dhruv was very illuminating.
These indexes measure the im-
pact the sugar and starch content of Turns out, there are a number of
factors besides baseline sugar and

starch that affect the GI of specific heavy with
foods that are little known – such as high-GI carbs carry a risk of raising
the fact that the longer you cook a blood glucose levels, which can lead
vegetable, the higher the GI climbs. to excess weight and type 2 diabetes
– in which the body doesn’t use the
First, a little background: Diets

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Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 2, 2017 59

HEALTH

insulin produced by the pancreas in pasta is not a low-GI food, it can specific-glycemic-index/#tab_. And, of course, medication is of-
the right way. At first, the pancreas be enjoyed in small portions even Dr. Dhruv emphasizes that while ten used in conjunction with diet
makes extra insulin to make up for by those watching their carbs. and exercise. A drug called metfor-
this failing, but as time passes, it Prolonged cooking (15 to 20 min- a low-GI diet is important in the min is generally the first medica-
can’t make enough insulin to keep utes) accelerates something called prevention and/or management tion doctors prescribe for the treat-
the blood glucose at normal levels, “starch gelatinization” and increas- of type 2 diabetes, it’s not the only ment of type 2 diabetes. It increases
resulting in health problems and es the pasta’s GI; much better is significant factor – exercise is also the sensitivity of the body’s tissues
the need for medication. cooking it al dente (5 to 6 minutes). key. When you exercise, your mus- to insulin, thereby making the in-
cles use glucose, resulting in the sulin work more effectively.
Melbourne’s Dr. Dhruv shared It’s important to know that no lowering of blood glucose levels.
valuable – and perhaps not widely matter what cooking methods are Additionally, people with type 2 Dr. Dhruv is board-certified in en-
understood – insights about how used, some carbohydrates have diabetes are at higher risk of heart docrinology and practices as part of
the “age” of a food and its prepara- higher GIs than others. Here’s a problems, including blocked arter- Medical Associates of Brevard. The
tion can affect its ranking on the website that will allow you to view ies (arteriosclerosis), which are gen- office is located at 2290 W. Eau Gal-
Glycemic Index and your body’s foods that are low, medium and erally debilitating and can lead to a lie Blvd., Suite 100, in Melbourne; the
ability to digest and absorb the car- high on the Glycemic Index: www. heart attack. Exercise can help fend office phone is 321-309-9000. 
bohydrates it contains: mont ig nac.com/en/sea rch-for-a- off this complication.

 Fruits that are riper tend to
have higher GI levels. This is espe-
cially true of “starchy” fruits, such
as bananas. As bananas ripen, their
starches transform in a way that
increases their potential to raise
blood glucose levels.

A green banana has a GI of about
40, compared to about 65 for a ripe
banana (as the GI is typically mea-
sured on a scale of 1-100, that’s a big
difference).

 Opt for an orange rather than
orange juice. An orange has a low-
range GI of 35. However, orange
juice, because it is stripped of the
fruit’s natural fiber, has a mid-
range GI of 45 (and that’s if it’s fresh
squeezed and unsweetened; other
preparation methods can catapult
the GI to 70 or even higher).

 The more you cook a vegetable,
the higher the GI. Adding water and
heat to vegetables raises their GI; as
with ripening fruits, this has to do
with the effect on the starch con-
tent. Carrots are a good example: a
serving size has a low GI of 20 when
raw but the GI rises to 50 for cooked
carrots.

Here are a few additional tips for
lowering the GI of some of your fa-
vorite foods:

 Some methods for cooking
vegetables are better than others.
Not all vegetables can be eaten raw;
potatoes being one example. Slow-
cooking methods – baking and
steaming – will result in lower GI
levels than boiling and microwav-
ing. Sautéing potatoes in olive oil
is also a good preparation method,
as the fat in the olive oil will slow
down the body’s absorption of the
carbohydrates, thereby lowering
the GI. Retaining the potato’s skin
will add some fiber, which lowers
the impact of the potato’s starch on
blood glucose levels.

 Be careful about storing po-
tatoes for a long time. If the right
techniques are used, potatoes can
be stored for months. However,
long-term storage transforms their
starches and raises their GI.

 Cook pasta al dente. While















Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 2, 2017 67

WINE COLUMN

This might be the world’s best-rated $7 wine

BY DAVE MCINTYRE times derisively called “tank farms” for So here’s the story of La Moneda (and tion and then market its
the huge stainless-steel tanks that hold similar private-label wines): Ranco pro- triumph for all it was
The Washington Post thousands of gallons waiting to be bot- duces a lot of wine inexpensively. Carl- worth.)
tled on demand. son and other buyers from Walmart
The label for La Moneda Malbec taste the malbec. Recognizing its qual- Once in the store, the
Reserva 2015 from Chile looks like Economy of scale helps make wine ity, they use Walmart’s market power to wine receives prime
nothing special, until you notice the inexpensive enough to be our daily buy all of it at a good price. They could placement on the shelf
small decal on the side touting 95 tipple. Exclusive private-label wines call it anything – Chateau This or Do- – at eye level, or a cov-
points and a platinum medal from De- are one way retailers vie for a compet- maine That, even though there is no eted end-of-aisle dis-
canter magazine. itive edge. such idyllic property associated with play – alongside Cali-
the wine. (La Moneda is Spanish for fornia chardonnays
Even if you don’t know that Decant- The La Moneda malbec is one of “the coin,” appropriately enough.) and merlots that also
er is Britain’s leading wine journal, 95 60 such “distinctive labels” Walmart don’t have the store
points is an impressive score for any sells, including $3 table wines and Because the wine is going exclusively name on the label but
wine, especially a cheap one. Last June, more premium proseccos and other to one store’s various outlets, there’s no are available nowhere
when it won best single-variety red cost- bubblies, according to Kurt Carlson, a marketing cost to build the brand and else. National brands
ing under 15 pounds in Decanter’s an- wine buyer with Walmart’s adult bev- fight for shelf space. (Though someone are often relegated to
nual World Wine Awards, consumer erage team. Walmart leverages its cor- at Walmart was smart enough to enter less-visible, harder-to-
demand crashed the website of Asda porate buying power to partner with the malbec into the Decanter competi- reach shelves. 
supermarkets, La Moneda’s exclusive large wineries around the world and
retail outlet. with importers and distributors here 32960
in the United States.
Demand spiked so high that Asda’s
parent company, Walmart, decided to “Any retailer can ask a distributor for
sell the wine in the United States. So last some La Moneda,” Carlson told me in
fall, Walmart introduced the La Mone- a telephone interview from Walmart
da Malbec into 577 of its 4,600 or so U.S. headquarters in Arkansas. “But the
stores, priced at $6.96 a bottle. truth is, we’ve already bought it all.” He
declined to say exactly how much of the
Having tasted a sample, I can tell you malbec Walmart has acquired.
it is really good, and it was still delicious
and lively three or four days after open- The label says La Moneda is pro-
ing, my unscientific way of assessing duced by Ranco Wines, bottled by
wine quality. Viña Luis Felipe Edwards Nancagua in
Chile, and imported by Prestige Wine
Unfortunately, a Walmart spokes- & Spirits Group in Princeton, Minn.
man says the initial U.S. allotment “sold Ranco’s general manager, Raimundo
through” over the holidays. But the La Valenzuela, told me in an email ex-
Moneda story gives us a glimpse into change that the wine was made by RR
how many good, inexpensive wines Bulk Wine, Ranco’s main company,
reach the shelves of chain stores such as founded in 1993. Valenzuela described
Walmart and Costco. RR as Chile’s largest wine exporter,
with about 2,500 acres of vineyards,
It’s not the romantic tale of artisan shipping more than 80 million liters a
vintners lovingly coddling their ex- year to more than 25 countries. That’s
pensive oak barrels to produce a few a whopping 107 million bottles, or
hundred cases of mind-blowing vino. nearly 9 million cases.
Most wine is an industrial agricultural
product, made at large wineries some-

68 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

Vero & Casual Dining

Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 2, 2017 69

Vero & Casual Dining

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70 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

Vero & Casual Dining

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Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 2, 2017 71

Vero & Casual Dining

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72 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

PETS

Bonz says Rico’s found the Keys to happiness

Hi Dog Buddies! panna-mine. She’d say,“Wanna go OUT?” but Rico, the Labradoodle. PHOTO BY DENISE RITCHIE
instead of sayin’ OUT, she’d make her mouth
Like with lots of us poocheroos, Rico Frati- into an OH shape. So now when I wanna go so I carefully waddled out. I got so intrest- “I gotta say, Rico, I totally dig your hairdo.
celli and his forever Mom and Dad found out, I do the same thing! Watch!” ed, I sat down, an tumbled backwards right Got a real island vibe. Who’s your stylist?”
each other cuz of what SEEMED like random into the water. Mommy almost hadda heart
stuff happening, but akshully it was totally He mooshed his mouth into a big O. Hi- attack an Daddy hadda rescue me.” “Mommy is! We have ‘spa day’ every cou-
Meant To Be. You know? larious! ple weeks: I get all groomed, teeth brushed,
“Do you enjoy travling?” shaved, the whole nine yards. She’s great,
Rico’s a Florida Keys pooch, who just re- “So I’ve NEVER had an accident in the “Totes! I have an orthopedic bed, takes up right?”
cently moved here, to the island. He’s a Lab- house. Well, ’cept this one time: Mommy the whole back of the SUV. The boat’s fun,
radoodle: tall and rangy, real laid back, like usta be a flight attendant and she was al- too. When Mommy packs the night before, “She is indeed! Woof, I can’t believe the
you’d expect from a Lab (’specially one from ways leavin’ and not takin’ me. I didn’t like I sleep right by her suitcase. If I can’t go, I time. It’s been great yappin’ with you, Rico.”
The Keys), and super friendly. And his per- it one little bit, so one time, I had a puppy stay with Uncle Barry in Boca. I LOVE Uncle
sonal style is Totally Cool Kibbles. Rico pranc- tantrum and peed IN THE HOUSE. Sorta Barry. Me an him an his grandkids have The “Anytime, Bonz. Anytime!”
es to his own Silent Dog Whistle. accidentally on purpose. Best Time. We say, ‘What happens in Boca, Heading home, I asked my assistant to roll
STAYS in Boca.’” down the window so my fur would be totally
Me and my assistant heard him woof- “I’m a lucky pooch, Bonz, gotta great life! “Cool Kibbles! Any dog buddies?” dry by the time I arrived. (Don’t tell, OK?)
ing, the door opened, and there he was: I did get real sick about 4 years ago, nearly “There was Cousin Casey, a Beagle. He
soft, brown color, like cocoa with lotsa milk. bought the kenneI. Mommy and Daddy lived around the corner from where I was Till next time,
Between his neck and his caboose, he was say I’m a Miracle Dog. I may be getting up born. In the Keys, there’s Dennis the UPS
clipped real short. But the rest was aMAZing: there (gonna be 13 in April), my caboose guy. Even when we don’t have a delivery, he The Bonz
On his head, it was long and stickin’ up all sometimes gives me trouble, but in my tosses me a treat. I have tons of pooch pals
over, like a lion mane, or a dandelion – kinda heart, I feel like a pup. Hey, wanna chew down there, an I’m startin’ to make friends Don’t Be Shy
Punk, kinda Rasta, with some dreads on top. on one of my toys?” He trotted off and here: There’s Remy an Molly, they’re Poodles;
And his tail was real long, but not super curly returned with a well-munched stuffed Sam, I think he’s a mix; an I’m real excited cuz We are always looking for pets
like a poodle, more like a horse tail, very full something. Mighta been a bear. my human Gramma an Grampa are movin’ with interesting stories.
and wavy. And it looked like it’d been high- down from Atlanta, to be with ME. ’Course
lighted (like human ladies do.) All in all, one I shook my head. “Thanks, though. You they’ll get to see Mommy an Daddy, too.” To set up an interview, email
good-lookin’ poocheroo. sure have a great attitude.” [email protected].

After theWag-and-Sniff, we got situated on “Always have. I say just go with the flow.
the couch. “This is my Mommy, Lisa, and my Life’s too short to get your hackles up. I bring
Daddy, Paul. Got your pencil ready?” Daddy a toy every morning. We take a walk,
I Do My Duty. Then I grab some more Zzz’s.
“You betcha,” I said. When Mommy gets up, we do our stretches.
“First off, Mommy an Daddy never wudda Then I bring Daddy another toy an get my
found me if they hadn’t decided to go up to mid-morning treat. Bonz, you GOTTA try
Sarasota one weekend, and if Daddy hadn’t PUPcorn! It’s the BEST! Want some?”
bought a noospaper and happened to run
across an ad for Labradoodle puppies in Ft. His Dad brought out a big container of
Myers, and if the breeder didn’t happen to be treats. I didn’t want to appear rude, so I had
right on their way back home. So they thought, one. Well, two.
‘What theWoof,’ why not stop and take a look.
Well, I was the only chocolate pupster in the “I noticed your pool. Do you swim?”
litter, the others were plan ol’ black or white “LOVE it! Hey, come’on! You’re a spaniel.
(no offense). And, here, take a look.” I KNOW you like swimmin’! I brought you
It was his puppy picture: an adorable little a towel.”
furball, big blue eyes lookin’ right into the It was a big, fluffy one, too, and, Dog! that
camera. “Anyhoo, I’ve been with Mommy an water was callin’ my name. One of those In-
Daddy ever since. Mommy taught me this finity pools, ya know? But I was On The Job.
cool thing when I wanna go out. It’s called Rico jumped in, and kept right on yappin’.
“Once, down in the Keys, when I was a
pupster, Daddy was on the dock, workin’ on
the boat. I hadn’t been on the dock before,











78 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

REAL ESTATE

mented one another. You had a sophis- clad windows and segment head All principle rooms open onto a el the same routes as the birds, coming
ticated architect and owners with a arches. The library and family room gracious, oversized, screened ve- for a visit in the fall and heading north
very high level of taste that contributed are finished with tray ceilings shaped randah. With built-in grill and in the spring,” shares Kasten.
to the outcome of the project.” like an octagon with a wood tongue tongue and groove ceiling, the area
and groove accent. is ideal for alfresco living. Stepping Back inside the formal dining room
One of the Kastens’ favorite things out onto an open terrace paved with sits adjacent to the butler’s pantry and
about the house is the level of privacy Upon walking through the impos- Old Chicago brick, one encounters a kitchen with custom wood cabinetry
– the way the house is situated on the ing front entrance, one crosses Bra- 30-foot swimming pool and a sea of that goes all the way up to the ceiling.
property, nestled among the oaks. With zilian cherry and tumble-marble mangroves, and then a view of the The cozy family room with wood-
nature preserve on two sides of the flooring through the formal living Indian River. burning fireplace is a favorite gather-
house and the river on the third, it’s easy area, highlighted by a fireplace with ing place for family and friends.
to forget there’s anyone else around. built-ins on both sides, and out onto “This morning the mangroves were
the terrace. The cross ventilation de- filled with large white egrets, and peli- The laundry room, bonus den,
The home has a high level of detail sign allows for natural light and air to cans were out in the bay. There are al- powder room and 3-car garage pro-
and specialty moldings with herring- flow through the house. ways big boats floating by as they trav- vide plenty of room to keep the house
bone pattern cherry floors, wood- running smoothly.

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Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 2, 2017 79

REAL ESTATE

The master wing sits on the oppo- the sitting area and making it the per-
site side of the house with a private fect spot to sit and chat or read a book.
porch, large walk-in closets, exercise
room and library with a built-in com- Three guest bedrooms and two full
puter niche. baths provide plenty of space and pri-
vacy for visitors. A garden tub, fronted
His and her baths provide separate by a large, plate-glass window gives
areas for the master and mistress of the way to a bird’s-eye view of the river.
house. A shared shower creates a buf-
fer between the dark, masculine ma- This distinguished, French manor
hogany on his side and the luxurious home sets the stage for a sophisticated
decor fit for a queen on hers. The spa lifestyle in a serene setting with ameni-
tub and private garden view create an tiesatthereadyforgatheringsofanysize.
inviting oasis for the lady of the house
to soak away the stress of the day. John’s Island Club is a private, mem-
ber-owned country club community
At the center of the home an elegant situated between the Atlantic Ocean
staircase leads to the guest suite on the and Indian River Lagoon. Amenities
second floor. At the top of the stairs, include dining, golf, tennis and beach
light pours into the stair tower, filling clubs. This established neighborhood
is highly sought after. 

Thank you to all of my friends, colleagues, and associates
for voting for me for Best Realtor in Indian River County.

Cindy O’Dare

CINDY O’DARE
Direct: 772-713-5899

[email protected]

premierestateproperties.com

Disclaimer: Information is believed to be accurate but not warranted
and is subject to errors, omissions, or changes without notice. If your
property is currently listed, please do not consider this a solicitation.
Copyright 2016 Premier Estate Properties Inc. All Rights Reserved.

80 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

REAL ESTATE

Luxury town houses on ‘Pointe’ near completion

BY SAMANTHA ROHLFING BAITA the .57-acre property for $1.9 million in
Staff Writer late 2015, took down the building that
had housed a lighting store and the old
Developer Bob Nelson’s Royal Palm Cafe du Soir, and broke ground on the
Pointe 4-unit luxury townhouse proj- new development the following March.
ect, 21 Royal Harbour, is getting a lot
of buzz, with stepped up activity on In addition to the eminently desir-
the construction site, and two of the able location – 200 front feet along the
units approaching completion in the South Canal, with deep-water access to
next couple months. the Intracoastal – Nelson saw the tim-
ing as perfect: The Quail Valley Club
Nelson and his partners purchased was planning to build a small, elegant

Builder, Joe Foglia and Developer,
Bob Nelson. PHOTOS BY GORDON RADFORD

hotel and restaurant at the end of Royal Design, with 30-plus years’ experi-
Palm Pointe, and Nelson knew the lux- ence in commercial and residential
ury residences he envisioned would be design; and listing agents Kay Brown
an especially great fit for Quail mem- and Cindy O’Dare, multimillion-dol-
bers, with club dining and socializing lar, award-winning broker associates
literally steps from their front doors. with luxury Florida real estate firm
Premier Estate Properties.
The Quail project, which opened
its doors in mid-2016, has proven ex- Having the architect, developer,
tremely successful, enhanced fur- contractor and interior designer
ther by a custom-built, 26-passenger working together, as a team, Foglia
launch, which ferries Club members has said, “is very unusual in a multi-
and guests between the River Club, family project.”
just across the lagoon, and the Royal
Palm Pointe facility every half hour. Calling the project “a true team
effort,” Nelson emphasizes that in-
A key aspect of the 21 Royal Har- cluding the interior designer from
bour endeavor is the top-notch team the start helps bring the project to “a
Nelson has assembled to shepherd whole new level.”
the project from start to finish: Nel-
son himself, a visionary with four
decades of experience and hundreds
of units to his credit; renowned ar-
chitect Jeff Ray, A1A, Atelier d’ Archi-
tecture; general contractor Joseph
Foglia, Foglia Contracting Corp.,
with numerous multimillion-dollar
projects under his belt; interior de-
signer Page Franzel, owner of Page 2

Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 2, 2017 81

REAL ESTATE

ARTIST RENDERINGS

“Using the decorator at the begin- offers a 2-car garage, two boat slips
ning of the project is remarkable,” and a private, covered waterfront ter-
O’Dare comments. race with pool. At 3,300 square feet, the
homes are far more spacious than they
Says Franzel, “Our clients are so- appear from the street.
phisticated and savvy. We wanted to
set a scene using a neutral, soft pal- Anyone interested in owning a 21
let geared toward gray/taupe, which Royal Harbour unit should not dally.
seems to be the most popular direc- With the currently hot local luxury
tion,” enabling buyers to more easily market, the remaining three could
visualize their own tastes and fur- easily be snapped up before construc-
nishings. Now, and up until all the de- tion is complete, and there’s virtually
sign elements are locked in, there is a no comparable waterfront property
window of opportunity during which in the county left to develop.
a buyer can consult with the interior
designer and put their own stamp on “The market is great,” says O’Dare.
a 21 Royal Harbour townhouse. “We’ve had a lot of inquiries. We feel
we’ll sell out this season.”
Unit prices, says Nelson, are
based on proximity to the lagoon: Franzel says she’s also getting a
Unit A, closest to the water, lists for flood of calls about the new homes.
$1,995,000; Unit C, for $1,945,000; and
Unit D, for $1,870,000. Unit B is cur- Enjoying a resurgence of activity,
rently under contract. Royal Palm Pointe is becoming a very
popular local “destination,” as new
Each 2-story unit in the development businesses join established ones.
There are now seven restaurants,
soon to be eight, three salons and a
yoga studio on the Pointe itself, and
its location, within a mile of the Mir-
acle Mile shopping complex, about
two miles from the ocean and three
miles from the hospital, further en-
hances its appeal.

Says Kay Brown, “For anyone who
likes to be on the river, this provides
the perfect Vero Beach lifestyle.” 

82 Vero Beach 32963 / February 2, 2017 Your Vero Beach Newsweekly ™

REAL ESTATE

Why property swaps may become less attractive

BY KENNETH R. HARNEY House Republicans are working on In a tax-deferred exchange, owners exists to facilitate exchanges by es-
Washington Post a proposal that, as part of an overall can postpone recognition of gains crowing proceeds and administer-
streamlining of the Internal Revenue on investment real estate when they ing transactions to comply with IRS
The small-scale owners of mil- Code and a reduction in tax rates, may swap one property for another of rules. Fixer-upper houses and other
lions of rental homes, parcels of in- eliminate or seriously restrict the use “like kind.” The capital gains tax that real estate held for short periods
vestment land and income-produc- of tax-deferred exchanges – property would otherwise be due gets deferred and then flipped to new purchas-
ing commercial and business real swaps – under Section 1031 of the until the owner sells the replacement ers do not qualify for tax-deferred
estate may not know it, but one of code. President Trump has identified property and receives cash. exchanges, nor do owner-occupied
their key financial planning and tax tax revision as one of his top priorities, residences.
tools is in danger of disappearing on and legislation is expected to move Under Section 1031, which has been
Capitol Hill. quickly in the new Congress. part of the tax code since 1921, a rental Loss of the ability to use an ex-
house in Santa Barbara, Calif., might change would be a significant blow
New Listing be exchanged for an investment du- to “Mom and Pop” and other small-
plex in suburban Chicago. Oklahoma scale realty investors. According
farmland could be exchanged for to a study posted on the website of
rental condos in Washington, Boston the National Rental Home Council,
or Miami. Exchanges are also used there were 15.7 million rental homes
to further environmental protection in the United States as of 2015, and
objectives, such as through swaps 99 percent of them were owned by
involving conservation easements to noninstitutional investors. A study
preserve habitat and prevent future by professors at the University of
development. Florida and Syracuse University es-
timated that most exchanges involve
To qualify for tax deferral, ex- relatively small properties; in 2011,
changes must follow a detailed set 59 percent had a sale price of less
of IRS rules specifying the timing than $1 million.
for identifying replacement proper-
ties and transaction closing dead- Bill Horan of Realty Exchange
lines. An entire industry of what are Corp. in Gainesville, Va., told me
called “qualified intermediaries”
CONTINUED ON PAGE 86

SEAGROVE WEST | 220 OSPREY COURT Newly Listed!
4 Bedroom | 5.5 Bath | 4,700+/- SF
Million dollar views! High on a bluff
Beautiful river views from almost every room in this impeccably overlooking intracoastal waterway
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room, formal dining room, first floor master, gourmet kitchen with views in Indian River County! Boat
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JOHN’S ISLAND OFFERED AT $750,000
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Enjoy sweeping double fairway and lake Gene Billero, Broker/Founder
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recently renovated two bedroom, two bath 772-532-0011 | [email protected]
golf cottage. Light bright interiors, with Billero & Billero Properties
1,800+/- SF of living space, trayed ceiling
living room, dining room, new kitchen,
enclosed lanai with series of sliding glass
doors, private patio, and a convenient location
to south gate and Club amenities. $749,000

Contact Meg Norris at (772) 539-1556
or [email protected]

Village Shops • 6160 Hwy A1A
Vero Beach, FL 32963












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