Miami Beach Real Estate News

Real Estate News

Every day is a different experience in Miami Beach.  Its ever-changing landscape and the diversity of the Miami Beach real estate market present exciting new ventures, opportunities and events that make it one of the most dynamic cities in all of sunny South Florida.

Our Miami Beach real estate blog is always being updated with the latest real estate news about Miami Beach and its neighboring areas, including local events and exciting new happenings.  As part our ongoing efforts to provide you with the most comprehensive information on Miami Beach and its collection of varied property, we will highlight and acquaint you with a new, acclaimed Miami Beach condo each month.

We encourage you to comment on our latest Miami Beach real estate and South Beach real estate news postings and contribute to the discussion.  The eclectic lifestyle and community always presents new perspectives and we’d love for you to share our postings with friends and family through your preferred social networking websites.  Thank you for reading our Miami Beach blog!

Friday, March 15, 2013

Unit 5171 on Fisher Island is listed for $12.9 million on the Miami real estate market. This colossal 6 bedroom and 6 and 1 half bath home is both the most expensive and the most grand listing on Fisher Island. With nearly 8,000 interior square feet, it is a sky home and penthouse in every sense of the word. It has the highest ceilings on the island of 24 feet. It is located in the 2nd newest building on the island and it has exclusive access to 2 elevators. Due to the newness of the building, the amenities are state of the art with Crestron system installed for audio, video, and security cameras. A Lutron system is the base for the shades and lights, which are able to be pre-programmed for your convenience. The home has 3 fireplaces, 4 parking spaces, 2 golf carts, and a large storage unit. The interior is classic French style and in the current market, we do not expect this listing to remain on the market for long.

Fisher Island is the second most exclusive island in Miami Real Estate. The firs t most exclusive is Indian Creek, which only holds large homes, Fisher Island on the other hand has a number of different types of real estate. From condominiums of 1-3 bedrooms to villas and townhomes, Fisher Island has it all. Fisher Island has its’ own elementary and primary education schools and markets that are all exclusive to the residents. A number of celebrities have residences at Fisher Island since it is accessible only by ferry and the security is incredibly tight. Julia Roberts and Jennifer Lopez are among the celebrities who have resided in Fisher. It is just minutes from downtown and the Miami International Airport when you arrive on the mainland, and is the ultimate in Island living. For more information on Fisher Island living, contact us today!!

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Thursday, March 14, 2013

In today’s real estate market, the small amount of inventory really makes selling easy, with homes being listed and offers received within hours of the listing on the MLS. If you acquaint yourself with the type of buyer you are looking to attract, you will see this amount of time reduced even more. The buyer demographics in Miami are unlike demographics in other markets. There are four types of buyers that dominate in Miami. First is the primary residence buyer, who is looking for a new home to live in year round. This is a more unusual buyer in Miami, given the seasonality of Miami. The second is the secondary residence buyer, which is affectionately known as the snowbird. Second residence buyers are very common in Miami. The third is the investment buyer, who purchase properties to rent either seasonally or yearly. Lastly, the international buyer, who have been the boons of the Miami real estate come back.

Here are some items to consider the buyers that will be seeing your home. In all instances, make sure that your home is clean, personal affects are put away, and the paint is fresh. There are some other types of information that are vital as well to consider. For first time home buyers, there will often be financing, so be aware of the time and contingencies in the contract. International buyers are more often than not paying in cash, and with a cash offer, there comes a quick closing and generally more negotiations in price. Secondary buyers also buy in cash frequently, as well as investors. Investors are more willing to buy something that will be remodeled and are slightly less particular than Primary home buyers. Secondary and International buyers will be discriminating but less so than a primary home buyer. Primary home buyers have an advantage of a tax credit, so they also will take their time. If you are looking to sell your home, contact us today.

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Tuesday, March 12, 2013

3301 Collins is the site for the future luxury mixed use development called Faena. A vision of architect Norman Foster, this project will have residences with views of both the mainland and the Pinetree Drive neighborhood and canals as well as the incredible views of the Atlantic Ocean. It is located very close to 195 which takes you directly to the Miami International Airport as well as interstate 95. This project is among the 80 planned luxury developments in Miami and there does not seem to be an end in sight for these types of uber luxury mixed use plans.

The penthouse at Faena is listed at $50 million and is the second most expensive listing in South Florida, second to the penthouse at the new development, Mansions at Acqualina. Both the penthouses are well over the price of the current record for a condo, which was set at the Setai earlier this year for $34 million and they are also over the record set for the most expensive single family home sale, which was $47 million. What could make a penthouse this expensive? Well, the interior of Faena will be at 8,000 square feet and the terraces and rooftop will be over 10,000 square feet. A private elevator will take you to the top of this mammoth home and lead you into gardens and a 30 foot private pool with outdoor kitchen. While the interior plans have not yet been released there is no doubt that this project will be stunning and every inch of it will be to the latest style and specification. For more information on this listing, contact us today.

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Friday, March 8, 2013

Miami is in what many are considering a Renaissance period with lots of new development and incredible opportunities to invest and sell your home are all over. The inventory nationally is at its’ lowest in 7 years and in Miami there is an incredible shortage of homes on the market. Every type of home, whether condominium or single family home, is witnessing dramatic increases in value. Now really could not be a better time to list your property. It is unbelievable how quickly homes are being sold on the market, many have multiple offers within a day of listing. Here are some tips for listing your home this spring. If you are looking to sell your home, contact us today!

Make Your Listing Stick Out: Does you home have unique features such as frescoes or paneled ceilings or studies? Then showcase these and make sure your realtor knows all of the ins and outs of your unique home, it does wonders for our marketing!

Sight Sound Smell:  Make sure when people see your home, it is clutter free and clean. Alert your staff to the listing appointments, if you have them, and see they that they are out of the premisis. If you have surround sound or a system that plays music, set it to ambient yet pleasant noises. This sounds cliché, but cookies baking do tend to make people feel at home, or the smell of clean linen.

Open Wide: Open all windows and doors, to allow natural air in. In the springtime, we are fortunate to have such incredible weather, so why not make sure that it is highlighted by the breeze that flows from the water. Open doors are both metaphorically and literally inviting.

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Thursday, March 7, 2013

A true Italian estate has been listed for sale in Miami recently, 42 La Gorce Circle for $37 million. Also known as Castello del Sole, the home is fit for an heir or heiress of any amount of fortune. As you drive up to the guarded gates, you will notice there are two houses flanking the main home and it has incredible architectural details. 42 La Gorce Circle is located on a 70,000 square foot lot and has 349 feet of waterfront on the corner of La Gorce Island. This is nearly unheard of in Miami, and the views are completely unobstructed and have incredible sunsets over the Biscayne Bay. There are no fixed bridges and three teak docks allow for watersport crafts and yachts alike. The garage holds five cars, there is a lighted tennis court, and the pool wraps around the elegant Italian exterior, framing the blue bay perfectly.

The interior of the home, including the staff home, and the guest quarters, are perfection and as lavish as anything one would find in South Florida. All of the furnishings are Versace and the numerous appliances are top of the line. Ceilings are hand painted and there are frescos along many of the walls. The home has 11 bedrooms and 14 baths with 3 half baths. Some of the extra features of the home include a fitness center, theatre center, double kitchen, and incredible master suite. With the inventory available in Miami currently, this home is priced to sell and we do not expect it to remain on the market long. For more information on this home, contact us today.

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Wednesday, March 6, 2013

Three reports linked the number 7 to dramatically good news for home sellers across the nation. Firstly, Trulia announced yesterday that of the 4.5 million homes listed on their website, listings average price increased by 7%. This includes both rentals and homes for sale. In out of 100 markets 90 reported increases. Lack of inventory is attributed to these increases and chief economist for released this statement to Inman News, "The inventory turnaround depends not only on how fast prices are rising today, but also whether prices have been rising long enough to encourage homeowners to sell and builders to build.” Builder confidence is increasingly nationally due to the continued lack of inventory and in South Florida there are nearly 100 new developments planned.

Another 7 was reported by real estate tracking organization, Core Logic, who reported that home prices are the highest they have been in 7 years, as of January. Prices were not at these levels since April 2006. Further, home prices increased by .7% from December to January.  The president of Core Logic released this statement, "Home prices continued to gather steam across a broad swath of the country in January, continuing the positive trend we saw during most of 2012.Many states across the western U.S. and along the East Coast saw average price gains of more than 6 percent, which is likely to boost home sale activity into the first half of 2013." It could not be a better time to list your South Florida property. For a complimentary comparative market analysis, contact us today!

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Updated: Thursday, December 7, 2023

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