Miami Beach Real Estate Blog

Miami Beach Real Estate Blog

Friday, January 25, 2013
Tags:   Vero Beach Real Estate, Property, 2012, home buyers, Sales Price, Home Sellers, Market
The South of Fifth Neighborhood is one of the most exclusive neighborhoods in South Beach, however you would not know it walking through. It has a truly cosmopolitan feel, while being very accessible to tourists. It has an incredible beach, at the very tip of South Beach, an excellent school, the South Pointe Elementary School, and some incredible restaurants, all within walking distance of the best condominiums in South Beach. Restaurants making the map in Miami in Sofi are Prime 112, Prime Italian, Milos, Fogo de Chao, and Texas De Brazil. Further recommending this area is the access to a Marina. If you are a mariner, there is no better place to dock.
The real estate in the South of Fifth Neighborhood is highly coveted, even in a down market. Since the market has drastically improved, the inventory is greatly reduced. The buildings in this neighborhood are also among the most luxurious condominiums in Miami and South Beach. Big names include Icon South Beach, Murano Grande, Portofino, The Continuum, Apogee, and the newest edition is Ocean House, which is not yet in construction. This really is the place to live if you are looking for a condominium in South Beach. For more information or available listings, contact us today.
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Thursday, January 24, 2013
Tags:   Market, Home Sellers, Property, 2012, Sales Price, home buyers, Vero Beach Real Estate
Penthouse 2 in The Continuum is the second most expensive listing on the Miami Beach market currently and is truly a sky home in every sense of the word. The residence has over 11,000 square feet and 4 levels. Amenities include staff quarters, guest suite, roof top pool, and much much more. It is listed at 39million and its listing comes on the heels of the record breaking sale at Setai earlier this month. It has views of the Atlantic Ocean, Government Cut, Fisher Island, and Downtown Miami, from nearly every room in the home. It has its’ own private elevator and is one of the most incredible listings available on the market.
The Continuum is located at the southernmost tip of South Beach and has some of the most desirable real estate in South Beach. The neighbors of the Continuum include, Icon, Apogee, Murano Grande, and Portofino. Some of the restaurants in South Pointe are Prime 112, Prime Italian, Milos, Fogo de Chau, and Texas de Brazil. This is a popular neighborhood because of its’ proximity to 395 and downtown as well as the incredible views that the luxury condominiums enjoy. It also has its’ own marina, allowing mariners to dock for the winter. For more information on this listing and others in the Continuum or the South of Fifth Neighborhood, contact us today!
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Wednesday, January 23, 2013
Tags:   Market, Home Sellers, Property, 2012, Sales Price, home buyers, Vero Beach Real Estate
The National Association of Realtors announced that in December home sales were down by 1%, while still being up by 12.8% from last year. Lawrence Yun, Chief Economist for the National Association of Realtors released this statement, “Record low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales.” Approximately 4.65 million homes were sold in 2012, which is a 9.2% increase from 2011. The inventory nationally is at a 4.2 month supply. Most economists agree that a healthy supply is around 6-7 months. This tight inventory is driving the median price of homes up drastically.
In Miami, we have a very limited supply and it has been this way for quite some time. The inventory for homes in Miami Beach has been as limited as a 3 month supply and there are scarcely homes that stay on the market without having multiple offers the first day. Buyers are still taking advantage of prices being around 25% of what they were at the height. Median home prices are up by 11.5% since 2011 and prices continue to increase in Miami Beach especially. If you are looking to list your home, call us for a complimentary listing presentation.
 
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Friday, January 18, 2013
Tags:   Vero Beach Real Estate, Market, 2012, Home Sellers, Sales Price, Property, home buyers
5050 North Bay Road was just listed and it is one of the most significant estates in South Florida currently. Listed at $25 million, this home lacks little in terms of location, amenities, and design. The 10 bedroom, 11 bathroom, 8,517 square foot home is located on the Biscayne Bay with wide views of Downtown Miami and the Biscayne Bay. It has been renovated to perfection and the landscaping is impeccable. Some of the features of the home include a media room, florida room, formal living room, formal dining room. There are 4 separate guest suites, which make it perfect for entertaining. The kitchen is chef ready and the furnishings are all designer. Originally built in 1936, it really is a piece of history.
North Bay Road has some of the most desirable property in Miami and it runs from South Beach up to the end of Miami Beach, parallel to Alton Road. In minutes you can commute to the Miami International Airport and Downtown Miami. South Beach is moments away with all of the beaches and attractions that make this area famous. Further the interstate 195 is considered the easiest way to access the mainland and it is easily in reach. This location is also a short drive from the shopping mecca of Bal Harbour. For more information on this listing and others in North Bay Road, contact us today!
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Thursday, January 17, 2013
Tags:   Home Sellers, home buyers, 2012, Sales Price, Vero Beach Real Estate, Property, Market
Alex Rodriguez has taken his $38 million dollar dream home off the market. He built this home with former girlfriend, Cameron Diaz, and while many speculated he wanted to sell the home quickly, he has taken it off the market and plans to recover from a hip surgery there. According to the Miami Herald, a source close to him said “Alex wants to concentrate on making a full recovery so he can be ready to return to baseball after the All-Star break in July. So he doesn’t want anything to disturb the recovery.” The home was listed on the market in August in the wake of the booming sales throughout Miami and the lack of inventory.
The home is located in the North Bay Road neighborhood of Miami Beach and it is also home to a number of other celebrities including, Matt Damon and Chris Bosh. The reason for the high priced homes on this street is simple, the neighborhood is quiet and there is access to the best Miami has to offer. Downtown Miami is a mere 20 minutes from this neighborhood, the Miami International Airport is 25 minutes, and the South Beach is a short 10 minute drive. Homes range anywhere from $1 million to upwards of $40 million in price. For more information on homes in this neighborhood, contact us today!
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Thursday, January 17, 2013
Tags:   Home Sellers, home buyers, 2012, Sales Price, Vero Beach Real Estate, Property, Market
It was just announced that the 40th floor Penthouse at The Setai was sold for the astounding price of 27 million. A limited liability corporation from Delaware purchased the property from a European group of investors also a limited liability corporation. It was first purchased in June of 2012 for $15 million representing a substantial gain for the sellers. The colossal home was often rented out to some of the most impressive entertainers including U2, Jim Carrey, Simon Cowell, and Madonna spent time for a price tag of $30,000 per night.
The home has four bedrooms, six bathrooms, and floor to ceiling windows with views of South Beach and the Ocean. It is 7,100 square feet and takes up the entire 40th floor of The Setai Resorts and Residences. Additionally the home has a 3,000 square foot terrace including a private pool, Jacuzzi, summer kitchen, all overlooking the ocean. Setai was completed in 2004 and has some of the most prestigious listings in South Florida. It is located in the heart of South Beach and listings are available. For more information view our condo section under Setai!
 
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