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!

Thursday, October 18, 2012

It is officially the start of the season. With the cool autumn breezes comes a flurry of activity on the South Florida social calendar. Fort Lauderdale has the first major event of the season, the 53rd Annual International Boat Show. This show has much more than yachts. The show will run from October 25-29 and the exhibitors range from yacht builders, ski boats, jet skis, motor yachts, cabin cruisers, express cruisers, trawlers, canoes, to luxury cars and private aviation. There is something for everyone this year with seminars for industry insiders, The Blue Wild Dive Show, IGFA’s School of Sportfishing, and Hook the Future’s Kids Fishing Clinic for children. The event is held at 6 different venues with over 3,000 square feet of exhibition space and is navigable by water taxis, bus shuttles, and riverboats. Below is the schedule of events.  This is an event that seafarers all over the world attend, we hope you enjoy!
BOAT SHOW SCHEDULE
October 25-29, 2012

Prime Time Preview:
Thurs. Oct 25, 10am - 7pm

General Admission:
Fri. Oct 26, 10am - 7pm
Sat. Oct 27, 10am - 7pm
Sun. Oct 28, 10am - 7pm
Mon. Oct 29, 10am - 5pm
SHOW ADMISSION
Prime Time Preview (Thurs. Oct.25) -
$34 Online and $36 on Show Site

2-Day Ticket
$36 Online ($38.00 at show)

General Admission
Adults - $18 Online ($20.00 at show)

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Wednesday, October 17, 2012
This week we are featuring an excellent value on Normandy Island in Miami. Normandy Island is a man made island with a rich history between the island of Miami Beach and North Bay Village. It has its own golf course that is the oldest in Miami and was frequented by the Rat Pack in the winters. The views of Downtown Miami and the Biscayne Bay are truly unique and many of the homes are waterfront or facing the golf course. The neighborhood is conveniently located to Miami Beach and its’ nightlife attractions, as well as the international shopping and dining mecca of Bal Harbour. Recently, the city of Miami Beach refurbished the 50’s style bandshell and a series of concerts and events are scheduled for the coming year.
Our home of the day is truly an excellent value that, on mainland Miami Beach would easily sell for three or four million. 1920 Bay Drive is a four bedroom four and one half bath home on a 8850 square foot lot directly on the water. The views this home has are some of the most spectacular in Miami. Located directly on the water with a boat dock, it is ideal for a yacht up to 80 feet. It is also secured with a gate entry. The home is just under 3500 square feet and it has nearly everything customized from the maple cabinetry in the kitchen to the walk in master closet in the master bedroom. The beautiful woodwork throughout the home is warm and inviting and this Mediterranean style home is a must see and excellent value at $2 million. For more information on this home or other waterfront homes on Normandy Isle, contact us today!
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Tuesday, October 16, 2012
In South Florida, we deal all too often with those looking to retire and sell the larger home and move into a condominium. There are many advantages to a condominium from the independence is allows, due to the maintenance being taken care of, to the convenience of the amenities a condominium offers. In Miami Beach, so many of the luxury condominiums are like five star hotels with spas, state of the art fitness centers, lap pools, cabanas, room service, convenience stores, and much much more. The Continuum for example in the South of Fifth Neighborhood has its own health club that has trainers, classes, and much more. Below are some questions to consider when you are looking to downgrade to a condominium, and by downgrade, we certainly do not mean compromise. In fact, the condominiums in Miami Beach are incomparable, and you do not have to compromise luxury for space.
1.      Where do you see yourself in ten years? If you are planning on having more children or taking on responsibilities of grandchildren, you may want to hold onto the home longer.
2.      What is your current home worth? If your home is located in Miami Beach, chances are the home is worth a great deal, and now could not be a better time to buy considering the demand is high and prices are increasing daily.
3.      What are your needs? Are you looking to travel more or are you looking to leave the maintenance of a home behind? Condominium maintenance are included in monthly fees and are perfect for those looking to travel.
4.      Would you look to rent your condominium out? Make sure if you are looking to travel that your condominium allows rentals, whether they are short or long term rentals.
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Friday, October 12, 2012
The Open House is one of the benchmarks of home sales marketing. It is within the on the ground marketing that has been practiced probably longer than any other technique in the field of real estate. Two types of open houses your realtor needs to throw for your home are the brokers open and the open house to the public. The brokers open announces the home on the MLS and encourages buyers agents and seller agents to view your home. There will be a comment form of some sort that brokers fill out to rate your home as it relates to the market in your area. Some of the items the form include are the list price of the home and the state of the home. This is an excellent tool since area brokers are familiar with what is selling at a particular time. An open house that is open to the public is an excellent opportunity for first time buyers to take a look at your home as well as your neighbors, who may be looking to sell their own home, or have contacts interested in a home in the neighborhood.
There are some preparatory measures the home owner should take before the open house. Make sure that all clutter, including personal effects, are removed. Pick up laundry, clear desks, etcetera are all integral in how your home will be perceived. Your home should look like a blank canvas for a future home owner to paint when they purchase your home. If you have animals or children, make sure the property is vacated, including yourself. Potential buyers find this distracting when there are lots of people around the home and pets. If you have the budget and are able to, consider staging services. They will do all the work for you and create a neutral aesthetic perfect for a buyer of any tastes. If you are looking to sell your home in Miami, please contact us today for information.
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Thursday, October 11, 2012
The Related Group is sure to transform Miami Beach again with their latest development news. One Ocean is the newest project from the infamous group and it will be located at 91 Collins Avenue. This mixed floorplan project will have 46 residences and 4 villas and amenities that can only be described as royal. There will be private beach cabanas and club, dog walking, babysitting, catering, personal training, spa, art collection, and much much more.
Each villa will have up to 3,000 square feet and the floorplans of the condo residences will vary however, we can expect floor to ceiling windows, flow through floorplans, and a robotic garage. The designers and architects on this project are the most sought after in South Florida and they include artists and designers include, Enrique Noten, Enzo Enea, Jose Bedia, Eugenio Cuttica, Michelle Oka Doner, and Daniel Azouley. This project will surely be revolutionary and top of the line.
The South of Fifth Neighborhood is home to other incredible luxury condominiums including The Continuum, Apogee, Murano, and Icon South Beach. The restaurants in South of Fifth are some of the most popular in Miami as well, with Prime 112, Prime Italian, Fogo de Chau, and Milos in walking distance from the One Ocean project.  For pre-construction rates, contact us today!
 
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Monday, October 08, 2012
The Miami Association of Realtors announced some startling numbers regarding the recovery last week and we are thrilled to share them. Miami is one of the cornerstones markets in the US housing recovery and experts largely assign the recovery in Miami to the host of international buyers who flooded the market to take advantage of the distressed properties. Currently, the inventory in Miami Beach is shrinking rapidly and has remained at a 3 month supply and it is becoming more clear that it is no longer simply a buyers market, it is an excellent time to sell sa well. Below are five statistics released from the Miami Association of Realtors. Check in with us for the lates in Miami Beach real estate news.
1.      During the month of August pending home sales were up 15% from last year.
2.      Single family homes and condominium listings increased in price from last year by 26.3%, and from July to August increased 6.28%
3.      Single Family and Condo pending sales were up 1% from July to August.
4.      Single Family Pending Sales are up 10% from last year.
5.      Condominium Pending Sales were down 5.5% from last year.
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