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Miami Beach, FL Real Estate News

By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
The Continuum South Beach  is located in the exclusive South of Fifth area of Miami Beach The Continuum South Beach  is a waterfront property consisting of two towers Continuum I and Continuum II. The Continuum I (100 South Pointe Drive , Miami Beach, Florida 33139) and Continuum II ( 50 South Pointe Drive , Miami Beach, Florida 33139 ) are a truly unique properties that reflects the luxury lifestyle in Miami Beach. Below is a picture of Continuum South Beach. View Continuum South Beach in a larger map Continuum South Beach and similar properties for sale from $500,000 to $600,000 Continuum South Beach and similar properties for sale from $700,000 to $800,000 Continuum South Beach and similar properties for sale from $800,000 to $900,000 Continuum South Beach and similar properties for...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
If you're one that loves a "steal of a deal," South Florida's real estate market is ready to love you back.But, the big catch--and in these economic times, it's a Big Catch--you've got to have all cash. But if you do, you can buy a $50,000 condo in Miami Beach, just 2 blocks from the sand and breaking waves. Keep in mind, this is a condo that previously had sold for $172,000. And, in Miami-Dade, Broward and Palm Beach Counties, there are 6000 of these foreclosed or distressed properties on the market."This is pure capitalism. If you don't have all cash, you stand no chance, you're going to get crushed," says Peeter Zalewski of CondoVltures.com.South Florida, and Miami in particular, represent everything that went wrong in the pre-market crash years prior to 2007. From the 1960s to 2002,...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
Think like a businessman when you are looking for real estate that you can put down large sums of hard earned money. You may be looking to grow your retirement funds by investing in a property, or you may simply be looking for a place to stay. For whatever the reason, it's always beneficial for you if you can hone your ability to spot opportunities. And a great opportunity is when you spot a piece of real estate that allows you to buy at a price lower than expected. This can happen for many reasons.Some home owners are forced to sell their houses because they cannot meet their mortgage payments. They may even have professionals who have negotiated with the banks to lower the market value so as to sell of the property as soon as possible. Others may be in a hurry to sell because they hav...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
International buyers have helped buttress Florida's real estate market with 22 percent of all foreign clients nationally choosing property in the Sunshine State.That makes Florida tops for attracting foreign interest, according to a summer report by the National Association of Realtors. California came in a far second with 12 percent of the international market.While Florida's share of foreign clients has slipped from a recent high of more than 26 percent in 2008, bargain basement prices and a weakened dollar have continued to lure Canadian and overseas buyers.The study, which looked at sales between March 2009 and March 2010, found that buyers with permanent residences outside the United States spent an estimated $41 billion on residential property nationally during the period of the s...
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By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
Portofino South Beach was the first luxury tower built right before the crazy boom of Miami and Miami Beach. It was built in 1997 and is still a landmark for Miami Beach luxury condominiums in the South of Fifth neighborhood. The Portofino Condo is on of the best maintained buildings in the Miami Beach area. The units at the Portofino South Beach well known for their high quality finishes and the building board and management is known for managing the property very well. Most of the units features top of the line appliances, Italian cabinetry and breakfast areas with amazing views of the beach, coastal waterways and city. Master bathrooms include jacuzzi, granite vanities, double sinks and marble flooring.   One of the best features of the Portofino units are the amazing views of the F...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
Total pending home sales - including single-family homes and condominiums - in Miami-Dade County increased 33.7 percent in August 2010 compared to August 2009, from 7,570 to 10,119, and increased .06 percent, from 10,113 to 10,119, compared to the previous month according to the MIAMI Association of REALTORS and the Southeast Florida Multiple Listing Service (SEFMLS).The South Florida real estate market continues to strengthen, primarily due to the highest concentration in the U.S. of international buyers, contrary to national trends, which show near-term home sales noticeably lower since the expiration of the homebuyer tax credit.Pending sales of condominiums in Miami-Dade County continue to perform better than that of single-family homes.In August, condominium pending sales increased ...
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By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
Murano at Portofino Overview Maps Photos Description Market Stats $2,495,000 CondominiumFor Sale Main Features 3 Bedrooms3 BathroomsInterior: 2190 sqft Location 1000 South Pointe2104Miami Beach, FL 33139USA To get updates on open home dates and other property events, please click the "Like" button below: Jamey & Ognjen Prezzi Keller Williams Miami Beach Realty(305) 793-8965jameyprezzi@gmail.comhttp://www.miamicitydiggs.com Listed by: La Playa Properties Group Inc See more Miami Beach, FL real estate for sale
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
  Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. Source: http://therealdeal.com/miami/articles/south-florida-residential-inventory-condo-vultures--45
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By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
Murano at Portofino is an exceptionally elegant luxury building located at the tip of South of Fifth in South Beach.  With its design and amenities this building sets the standards for the rest of Miami luxury condominiums and making it as a one of most desirable buildings to live in the Miami Beach area. The  units at Murano at Portofino feature over-sized terraces with views of the Biscayne Bay, Miami Beach and Downtown Miami.  Units also have spacious walk-in closets, European custom cabinetry, separate laundry room equipped with cabinets in select residences, over-sized whirlpool tubs, granite vanity tops with double porcelain sinks,  custom enclosed glass showers with marble flooring, wet wall and more. The Murano at Portofino features a health and fitness center, sauna, steam room...
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www.OnePlaceOpenHouse.com Reminiscent of New York only steps away from the Ocean.  I can definetely say, everything on the menu is good! Of course the steaks take the cake but the sides and desserts are also phenomenal! Yes it's a wait and yes they have attitude but that's what makes it great!  Right when you enter, you'll notice the bar and the interesting snack they serve there: strips of bacon! This is a bold concept, but the rest of the restaurant will impress you just as much. The iceberg wedge works great as a starter and can serve four people. It has lots of apple bacon and bleu cheese to suit your tastes. Whatever steak you order, make sure to include the truffle butter! It's delicious and a specialty at Prime. Be careful your eyes aren't bigger than your stomach because even so...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
Once the nation's epicenter in the real estate collapse Miami, Florida condo sales are soaring, up 43% over year ago levels, according to the Miami Association of Realtors. The Miami housing market has now experienced rising sales for nearly two straight years. Miami 's condominium market tanked even before the financial crisis struck Wall Street two years ago as New York based hedge funds and banks cancelled financing agreements on dozens of new condo developments being constructed. The new construction condo market almost froze, nearly paralyzed as a result, triggering a plunge in prices forcing many developers into bankruptcy. But the rise in condo sales is breathing new life into the Miami housing market. "Demand for local properties, including multiple bidding reminiscent of the bo...
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By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
Murano Grande South Beach is one of the luxury Miami Beach waterfront condos. This contemporary condominium building was designed by the Rockwell Group and it was completed by 2003.  The building is located in my favorite part of the Miami Beach the South of Fifth neighborhood.  In my opinion this is the best part of South Beach, you are close to everything but far enough from all of the craziness of South Beach. The quality of the units in Murano Grande South Beach is excellent. The developers did not spare any expense in order to deliver the best product.  The units are solid and have 9 foot ceilings, floor to ceiling sliding glass doors, imported European cabinetry, sub-zero refrigerator freezer, range hood, wine chiller, marble floors, whirlpool, glass shower with marble flooring an...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $79 million refinancing for The Shops at Sunset Place, an open-air mall in Miami, Florida. HFF executive managing director Manny de Zarraga, director Luis Castillo and managing director Danny Finkle, in conjunction with managing director Claudia Steeb and executive managing director and managing member John Pelusi, Jr. of the Pittsburgh office of HFF, worked exclusively on behalf of the property's ownership group comprised of Simon Property Group and Institutional Mall Investors, LLC, a joint venture between an affiliate of Miller Capital Advisory, Inc. and the California Public Employees' Retirement System (CalPERS). The HFF team secured the 10-year, fixed-rate loan through JP Morgan Securit...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
In the first sign of life the South Florida retail market has seen in years, two major developers are dusting off plans for new big-box shopping centers and looking to recruit tenants.And another developer has recently signed contracts on land for two more retail projects.The earliest any of these Miami-Dade projects -- Gables Station and The Shops at Beacon Lakes -- would be ready for shopping in late 2012 or 2013. But some developers think it's time to start testing the waters again. It's the first activity since new development ground to a halt in 2008, a victim of the recession and the credit crunch. Flagler and AMB Property Corporation are feeling confident enough to revive plans for The Shops at Beacon Lakes, which may be the first big box shopping center in Miami-Dade or Broward ...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
An iconic South Beach resort that came to symbolize the region's real estate boom and bust has found a new owner -- and is now seeking a company to manage operations.The 409-room Royal Palm Resort Hotel, which has been mired in debt and drama for the past few years, went to California-based Sunstone Hotel Investors via an online foreclosure auction. Sunstone, a real estate investment trust, submitted the $126.1 million high bid and plans a comprehensive renovation at the oceanfront hotel.Sunstone owns 30 other hotels around the country, including the Hilton Times Square in New York and the Fairmont Newport Beach in California. The Royal Palm is its second Florida acquisition; it also owns the Marriott Renaissance in Orlando. The Royal Palm ``fits squarely within our target criteria -- e...
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By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
Floridian South Beach is another Miami Beach luxury building located in the neighborhood of the West Avenue of South Beach. I am always impressed by this building because even though the Floridian South Beach real estate was completed in 1997, it still up to date and the units are keeping a decent value. This condo association is strong and the property management is really good. The units in this building if priced correctly, move really fast for rent and for sale. The Floridian South Beach is an amazing building, you can definitely feel the good energy as you enter the lobby. The staff is always really friendly and the building is also a pet friendly building. In terms of real estate, there are two markets in the Floridian South Beach. The units that face east and have Ocean Views, ar...
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By Andre Shambley
(Decorus Realty)
www.OnePlaceOpenHouse.comby MiamiCondoShop Miami Beach real estate is among the most sought after properties not only among Americans but also among foreign investors from around the world. The market has been resilient despite record lows in values and home ownerships nationwide. Investors are still drawn to the vibrant city and the famed Miami lifestyle even with the recent economic crunch. Most buyers searching for property are currently opting for condos...for a number of good reasons.    First and foremost, condo living provides the perfect combination of comfort, convenience, security and value for money. These features are not readily available when you go for other residential properties such as apartments, townhouses or single-family homes. Ask any Miami condo realtor and you’l...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
Millionaire Russell Wright, reputed to be one of the richest African-Americans in the nation, has purchased a $4.2 million condo penthouse atop the 67-story Marquis in Downtown Miami -- just three blocks from American Airlines Arena.Wright and his wife made the purchase the same day LeBron James announced his decision to play the 2011 National Basketball Association season with the Miami Heat, according to the Miami New Times.That's the most spent on any downtown apartment so far this year, according to Alejandra Serna, a publicist representing the Marquis."Obviously, the Miami Heat stadium being near was a big part of our decision," Wright told the newspaper.Wright's high-tech company, Sentel, helps detect undocumented immigrants crossing the Texas-Mexican border. However, he says he d...
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By Andre Shambley
(Decorus Realty)
Recently I tried this burger recipe that was submitted by cooking4two for allrecipes.com.  The burgers were lean and very tasty.  A close runner up to the best burgers I've ever had.By: cooking4two  "I made up this mixture on a whim and wow! These are definitely the best hamburgers I've ever had and everyone who's had them says the same. The spices are Indian in origin, but the flavor is deliciously unique!" Ingredients 1 pound ground lamb 1 tablespoon egg 1/2 teaspoon ginger paste 1/2 teaspoon garlic paste 2 teaspoons garam masala 1 teaspoon dried cilantro 4 hamburger buns, split and toasted Directions Preheat an outdoor grill for medium-high heat, and lightly oil grate. Place the lamb, egg, ginger, garlic, garam masala, and cilantro into a mixing bowl; mix well. Form the mixture into ...
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By The Criscitos, Real Strengths, Real Advantages and Real Results
(Majestic Properties)
Miami, FL (Vocus) August 11, 2010 In the Miami Metropolitan Statistical Area (MSA), sales of homes - including existing single-family homes and condominiums - increased 27 percent in the second quarter of 2010 compared to the second quarter of 2009 and 53 percent compared to the second quarter of 2008. This rise marks eight consecutive quarters of increasing sales according to the MIAMI REALTORS. Sales of all residential property types have increased consistently since August 2008 in the Miami MSA. Miami sales of existing single-family homes increased 10 percent in the second quarter of 2010 from a year earlier and 89 percent from two years ago. The sales of existing condominiums in Miami surged 45 percent, compared to the second quarter of 2009 and 99 from the second quarter in 2008. S...
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