Miami, FL Real Estate News

This is just a quick post to share some Miami condominium sales data comparing volume and sales price between 2006 and 2007 (for the second quarter of each year).  Of course, these numbers do not include days on market or how much inventory is on the Miami condo market as a whole (especially with all of the new construction inventory). Miami Condo Sales Data - VolumeExisting condominium sales by Real Estate AgentsSecond Quarter of 2006: 3,190Second Quarter of 2007: 1,830Change: 43% decreaseMiami Condo Sales Report - Sales PriceExisting condominium sales by Real Estate AgentsSecond Quarter of 2006: $377,500Second Quarter of 2007: $385,000Percentage Change: 2% Increase
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By Philippe Diener
(Brown Harris Stevens)
TWO TEQUESTA POINT CONDO HOME PAGE: http://www.dienerproperties.com/two-tequesta-point-brickell-key.htm Year Built: 1999 Number of Floors: 40 Number of units: 269 Sq. Ft. range: 907 - 5,097 Beds: 1-5 Baths: 1-5 Amenities: - Concierge - Valet and Covered Parking - Tennis Court - Pool - 2-level Gym - Spa - Racquetball and Squash - 24-Gated Security - Social Room - BBQ Area Tequesta Two Condo Brickell Key Description Two Tequesta Point Condo, the sequel to One Tequesta Condo, is conceived in every exquisite detail to create a great residential tradition on the bay. Built in 1999, Two Tequesta Point on Brickell Key is a 40 story condo building with 269 total condos. Two Tequesta condo Brickell offers the best in luxury, views and location within the exclusive Brickell Key Island. Specializi...
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By Philippe Diener
(Brown Harris Stevens)
Asia Condo Brickell KeyDeveloper: Swire (Under Construction)Units: 123Floors: 40Number of Bedrooms: 2, 3 & 4Condos Size Sq. range: 1,662 - 5,539Asia Condo Brickell Key Home PageBrickell Key One Condo Year built: 1982Floors: 22Number of units: 316Condos Size Sq. range: 447 - 4,076Brickell Key One Home PageBrickell Key Two Condo Year Built: 1991Floors: 17Number of units: 395Condos Size Sq. range: 360 - 2,700Brickell Key Two Home PageCarbonell Condo Brickell KeyYear Built: 1991Number of units: 286Floors: 40Condos Size Sq. range: 1031 - 2860Carbonell Brickell Key Condo Home Courts Brickell Key CondoYear Built: 2002Floors: 34Number of units: 319Condos Size Sq. range: 863 to 2,801Courts Condo Brickell Key Home PageCourvoisier Courts Condo Brickell KeyYear Built: 1997Floors: 28Number of units:...
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By Jim Haas
(EWM Realtors, Inc.)
Originall posted on my Miami Condo blog on 7 September 2007 It's no secret that the brakes have been applied on the Miami Condo boom. The overly exuberant condo market which flourished in the first half of the decade created an unprecedented building spree-a spree which now finds itself without the aggressive purchasing trends which create it. From Biscayne Bay to Coconut Grove It's a tougher time to be a condo developer in Miami, but it's not all bad.While there is more inventory on the market and sales cycles have lengthened, what most real estate agents and developers will tell you is that this is a correction, not a crash; expect things to stabilize, not spiral out of control. That said, a correction is a correction.What does this mean for the Miami condo buyer? Good things, on seve...
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By Jim Haas
(EWM Realtors, Inc.)
Originally posted on my Miami Condo Blog on 7 September 2007 Located in Brickell Key, one of Miami's best examples of upscale urban living, Asia Condo provides the best in exclusive waterfront living.The developer, Swire properties has an impeccable track record of exerting world class design, quality and history to each project it undertakes. Regarding ASIA at Brickell Key the condominium developer states:ASIA is Brickell Key's most exclusive creation by Swire's US real estate development arm, Swire Properties incorporated.That exclusivity is easily found in these luxury condos. A few facts regarding ASIA at Brickell Key:36 stories123 unitsProperty classification: Luxury condominiums12 foot ceilingsStaffed workout facilities1, 2, 3 and 4 bedroom condos available24 hour on-site security...
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By Mery Lorenzo, Real estate with success!
(The Coopers Hawk Company, LLC)
Miami's real estate statistics for the last week of August:SINGLE FAMILY HOMES (entered 8/26/07 - 9/01/07): New homes on the market: 251Number of homes entering escrow (pending sale):1Number of homes closing escrow (sold): 0Number of listings expired/cancelled/temp.off market/withdrawn/terminated:7CONDOS/TOWNHOMES/VILLAS (entered 8/26/07 - 9/01/07):  New condos/townhomes/villas on the market: 85 Number of condos/townhomes/villas entering escrow (pending sale): 0 Number of condos/townhomes/villas closing escrow (sold): 0Number of listings expired/cancelled/temp.off market/withdrawn/terminated:1 To find the value of your home -or a home you are interested in buying- with a free, over-the-net home evaluation, please, visit: http://www.merylorenzo.comIf you would like a free list of homes f...
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By Maggie Dokic /Indialantic | 321-252-8696, Selling the beach in Florida's space coast
(Magdalena Dokic)
Hey all you Miamians!  Show proof of your Miami residency and get reduced entry to Jungle Island this holiday weekend. The regular entry fee is $27.95 for adults.  This Saturday, Sunday and Monday all Miami residents can get in for only $10 each.  Cool Deal! In addition to their regular attractions (and there's nothing ordinary about them!) they're having a Labor Day Weekend Brunch each of the three days as well.  Can you say sweet? (and yummy!) Jungle Island is the new name for what we knew as Parrot Jungle.  Have you visited them at their new home yet?  Isn't it time you did?  This is a great opportunity!  I may just run into you there.
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By Rick & Ines - Miami Beach Real Estate
(Majestic Properties)
You can drive South to Downtown Miami on Biscayne Boulevard and look in horror as you see the number of construction cranes in action.  With so many high-rises being erected and with such poor publicity from the media, you can only imagine what will happen to some of these buildings when they are finished.  Most of them look rough - with exposed concrete, steel structures and lots of construction workers doing their thing. One building stands out from the rest.  It is truly majestic and its simplicity and proportions leave me in total awe.  That one building that seems to be fighting its surroundings is Ten Museum Park designed by Chad Oppenheim. The concept behind this building as explained by the architect is "A crisp, well proportioned exoskeleton engages a pure crystalline volume so...
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By Katherine Clase
(EWM Realtors)
Midtown Miami is a relatively new section of Uptown Miami located south of the Design District.  The development mixes retail, office and residential space in an effort to create an urban, pedestrian friendly utopia.  And you don't have to live there to enjoy it.  Being surrounded by major city arteries, it is a very accessible area of town; you will find I-395 to the north,  I-195 to the south, I-95 to the west and Biscayne Bay to the east.  Coming from Brickell, I am always surprised at how fast I can get there every time.Most people are probably lured into Midtown by Target, one of the flagship stores of the Midtown mall.  I personally go there looking for deals at the new Loehmann's (best days to go are Monday afternoons or Tuesday mornings since the store gets its new shipments ear...
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By raman kandola
(kandola mortgage services)
 The most negative analysts believe that because loan standards are now much tougher, at least 10% to 15% of the people who could have qualified for a home-purchase loan last year can't do so now. Meanwhile, many of the people who would still qualify for a loan don't want to buy a house now because they think prices will fall further. So the housing market is likely to remain weak for at least another couple of years, they believe. One reason is that it takes time to absorb all the houses and condos waiting for buyers. The NAR counts about 4.2 million resale homes for sale, along with more than 500,000 new homes on the market. That is enough to last about 8½ months at the recent sales rate; a supply of five to six months generally is considered balanced.
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By Allan Kleer
(The Kleer Team)
There are many signs that Miami’s general real estate market continues to thrive despite the sales trend toward a “buyers” market.  We have found that properties that are priced right, and have the potential for additional value for their future owners, continue to sell in both the residential and commercial real estate markets.    A few notable examples from the Summer months of 2007:   Hotel Properties Sell for Record-Breaking Prices in Miami Beach Locally based Catalina Hotel & Beach Club has acquired the 190-room Dorset Hotel at 1720 Collins Ave. for $10.5 million which closed in June, 2007. The new owner plans to renovate the property and combine it with a property next to it.  The Dorset Hotel will be merged with the Catalina Hotel at 1732 and 1756 Collins Ave., but will remain o...
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By Jeannette Neerpat, e-Pro Coral Springs/Parkland Real Estate
(CondoDomain.com)
Jeannette Neerpat | The Keyes Company | jeannette@neerpat.com | 954-865-7541 231o Magnolia Drive, N. Miami, FL Keystone Island, N Miami 4 Bdrm Single Family House offered at $975,000 Year Built 1971 Sq Footage 2,800 Bedrooms 4 Bathrooms 3 full, 1 partial Floors 1 Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month see additional photos below PROPERTY FEATURES Central A/C Central heat Walk-in closet Tile floor Family room Living room Bonus/Rec room Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Microwave Washer Laundry area - inside Swimming pool ADDITIONAL PHOTOS Seller contact info: Jeannette Neerpat The Keyes Company jeannette@neerpat.com 954-865-7541 For sale by agent/broker Equal Opportunity Housing Posted: Aug 9, 2007, 9:30am PDT
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By Maggie Dokic /Indialantic | 321-252-8696, Selling the beach in Florida's space coast
(Magdalena Dokic)
When was the last time you went up to an info tube (or an info box) and found it actually had a property flyer in it?  OK, let's suppose the agent or homeowner was on top of things and the tube/box was actually filled.  Did you call the number listed and ask for more information?  Hmmm, I didn't think so. You see, most people pick up flyers at properties just to appease their curiosity.  Most people picking up those flyers are not serious buyers.  It could be the nosy neighbor down the street wanting to know what the house is listed for.  The young family around the corner who's thinking of selling is picking up comps in the area.  The "dreamer" who is always looking at homes they'll buy "one day" but "one day" never comes.  Someone selling in the neighborhood wondering how this home's ...
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By Maggie Dokic /Indialantic | 321-252-8696, Selling the beach in Florida's space coast
(Magdalena Dokic)
The majority of homebuyers in the Miami Redland, Homestead area answer "NO" when I ask them if they know what a Community Development District is.  If the property they're looking at is located in a CDD (as these districts are commonly reffered to) this fact has to be disclosed to them. But disclosure alone isn't enough for me.  I like to make sure they understand the implications of their potential home being located in a Community Development District.  Their bottom line depends on it.   Please continue reading about CDD's here.  The link will open up in a separate window.
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By Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
(Florida List For Less Realty, Inc. Broker/Owner. )
I`ve been in Miami most of today. There is such an overabundance of condominiums in this area that are "For Sale" it`s not funny! According to the Florida Assoc.There are 37 new high-rise condos and 20,000 new units are being built in Miami's 1,040-acre downtown, sales fell almost 50 percent in May." How is this possible? I guess these developers aren`t fully understanding that we`re having a major Real Estate collapse!   The glut on the market will most definitely effect our economy if these units don`t get absorbed. There are luxury condo`s along Brickel Ave. facing the Bay that are being rented for $2100 a month. The owners of these units are taking a "BATH" their running approximately -$2200 per month on this units! How long can these people afford to ride out this market taking a $...
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Let's start off with one simple fact, we're in a buyers market and given that advantage now is the time for you to buy a home or a couple of them.  It's the best time to negotiate the asking price and receive contribution for your closing costs.  That's right, have the seller pay your closing costs because its just that easy.  Contact me today and I'll give you directions on where to start the approval for financing and provide you a list of homes to choose from and when you find the one, I will negotiate every dollar possible.    The key is to select a realtor which knows this business inside out!  Call 786.356.0185
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By Maggie Dokic /Indialantic | 321-252-8696, Selling the beach in Florida's space coast
(Magdalena Dokic)
What:  Family Golf Festival Where: Country Club of Miami, 6801 NW 186th Street, Miami, FL When: Saturday, July 14, 2007 3:00pm - 7:00pm Why:  Know nothing about the game of golf?  Come to this free festival for a free introduction!  There will be activities for the whole family: Golf lessons; Driving, chipping and putting challenges; food, music and dance; a fun zone for the kids; PGA Golf Pro Larry Levow will offer two free clinics at 3:30pm and 6:00pm.  And don't miss Divot the Clown, famous trick-shot artist at 5:00pm. The Country Club of Miami was founded in 1961 and offers 36 championship holes in the newly regrassed greens of the West and East Courses.  To learn more about the Club click here. So come on out for a family fun day!   This information is brought to you compliments of...
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By Valeria Mola, 305-607-0709 SIB Realty Condos for Sale and Rent
(SIB Realty - Miami, Sunny Isles Beach)
  Park Place On The Ocean 305-931-6931 SIB Realty Park Place On The Ocean 17411  Collins Ave Sunny Isles Beach, FL 33160 Send Email • Satellite / Map View • Schedule Showing •Sales Contact 305-931-6931 SIB Realty   Park Place On The Ocean Condominium is the latest Fortune International project in the beautiful Sunny Isles Beach Florida. Situated directly on the Atlantic Ocean and bordered by a beautiful park immediately South of it and a historic low-rise building which will not get re-developed immediately North of it. This means absolutely un-obstructed 360 degrees views for all residences in this magnificent condo. Very private and unique, it features only 103 residences, including 1, 2, 3 and 4 bedrooms with amazing Ocean and Intracoastal views and, of course, a wide array of luxur...
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By Rick & Ines - Miami Beach Real Estate
(Majestic Properties)
Every once in a while I have the pleasure of telling you about historically significant homes that are on the market for sale.   This time, there is a California Bungalow Estate located in The Shorecrest subdivision of Miami’s Upper East Side. It is the original estate of the Renuart Family, owners of Renuart Lumber.This particular home is very unique because of many different factors. First, it sits on an acre lot which is a commodity in this area of Miami. Second, its architectural style is not common for South Florida and third, it has been exquisitely restored.The home sits on one side of the acre property and is surrounded by a gated masonry wall with balustrades. The main house has 5 bedrooms and 3 bathrooms and has a separate 1 bedroom / 1 bathroom cottage with a 2 car garage. It...
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By Rick & Ines - Miami Beach Real Estate
(Majestic Properties)
Where do people from Miami go on vacations?  This could be a loaded question, since we do go everywhere around the world, but when talking to my friend from Colorado, Mariana Wagner, the subject came up.  Miami is known to be a great vacation spot so outsiders sometimes wonder where locals go.This past weekend, we decided to go on a quick 3-day cruise just to get away.  It was long enough to recharge our batteries and come back like new.  (Although sometimes it does feel like we need a vacation from our vacations).  READ THE FULL STORY AT MIAMISM.COM ......
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