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, August 9, 2012
It was a big day for Miami Real Estate yesterday as the highest recorded sale in Miami was announced. 3 Indian Creek sold for $47 million. This ten bedroom, 14 bathroom home is 30,000 square feet and has every imaginable amenity in a serene zen setting. The home was designed to evoke the modern Miami feel and it certainly accomplished it. Interior details such as clean lines, reflecting pools, and vertical gardens, are just some of the details to invoke peace within its dwellers. The other amenities for relaxation and luxury enjoyment are, waterfront gym and spa, resort style beach, cabana, pavilion, 3-d media room, rooftop skybar, 100 feet of waterfront, and six wet bars. The home was originally listed for $60 million, then recently reduced to $52 million, and sold yesterday for $47 million. A small price to pay for the luxury this home provides.
Indian Creek Village is home to some of the wealthiest CEO’s and individuals in Miami, if not the world. Celebrities such as Don Shula, Julio Iglesias, Norman Braman, Raymond Floyd, Don Franscisco and Adriana Lima are residents of Indian Creek. Located on 300 pristine acres, Indian Creek provides its residents with 24 hour air and sea security, and has its’ own golf course and country club. It is minutes away from the international shopping destination of Bal Harbour and is 20 minutes drive from the Miami International Airport as well as the Opalocka Executive Airport. For more information on this sale and others in Indian Creek please contact us today!
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Wednesday, August 8, 2012
While the market is certainly rebounding and the median home prices continue to increase while the inventory decreases, makes it an ideal climate to sell your condo. If you are still waiting for the median home prices to come up further, renting your condo is a very good option. You can rent a home and still keep it on the market with a simple provision for showings in the lease. Further, you can dictate pet policies, visitors, and just who will be living in your condo. Short term rentals are an option that are excellent since the inventory of short term rentals in Miami Beach is low and it is an international destination, especially in the winter. Luxury condominiums fetch as much as 30,000 per month. Before you decide to rent your condominium consult your condominium association rules. Many condominiums have rules on the short term rentals, most allow 6 month minimum. Here are some things to weigh before you list your condominium. Contact us today if you are looking to rent your luxury condo.
1.      Management. A reputable property manager will be able to accept rent, inspect your condo, and run background checks on the occupants. Often, your condo association and management have provisions set up for this, if you need a recommendation for property manager, contact us!
2.      Pets. If you association does not allow pets, this is not an issue, however if they do, decide how you would like to handle this, whether small pets under 15 lbs or large dogs. Keep in mind, if you are looking to sell, you may have to make upgrades if damages are on account of animals. This is why the pet deposit is so important.
3.      Occupancy. Make sure you know who will be living in your condo. Just because one person may be on the lease, use the lease to your advantage and have check ins with your management on the coming and going of occupants in your home.
4.      Insurance. Check you insurance policy to see if your premium will increase with rentals. Also, you can mandate that the renters obtain renter insurance. It is always better to be prepared.
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Tuesday, August 7, 2012

Jorge Perez is at it again, announcing the latest development from the Related Group, Icon Bay. This 40 story, 300 unit, luxury condominium will be located on one acre of downtown land with 400 feet of waterfront, and will be the third Icon named project in Miami. Each floor will contain 8 ultra luxurious apartments with private elevators and unobstructed views of Biscayne Bay and Miami Beach. The amenities featured will be an art collection of sculptures and paintings by local artists, Jose Bedia, Daniel Azoular, Carolina Sardi, and Oka Donner. This collection will be curated by the Miami Museum of Art and will be throughout the 1 acre grounds. There will also be an infinity waterfront pool, full scale fitness facility and spa, recreational facilities, and media room. The preconstruction prices start at $450,000.

The Related Group has touted this development as Miami’s Grammercy Park and with its location, it is no surprise. It is centrally located 5 minutes from Downtown Brickell, and 15 minutes from the Miami International Airport. It is close to the Performing Arts Center, Wynwood Arts District, and the Design District. Since the plans have been approved for the new commercial development at the Design District, this is a highly anticipated area for growth and many investors are flocking to seize the opportunity to buy in this urban neighborhood. For more information on this development contact us today!

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Friday, August 3, 2012
It is very rare that a new home comes on the market in Miami Beach. Firstly, the inventory in Miami Beach is at about a 3 month supply and there are few vacant lot opportunities. 6633 Allison Island is one of the few homes that is completely new and was completed in 2012. This waterfront mansion really has it all. Within 12,000 square feet are 7 bedrooms and 8 and one half baths. The home features a media room that accommodates 8 people, temperature controlled wine cellar, top of the line kitchen, fully equipped workout facility, and staff quarters. In the interior, the floors are hardwood and marble, with soaring ceilings and the finest imported finishes. It is understated elegance in the furnishings, which are only appropriate for a home of this magnitude. It is located on 158 ft of waterfront and has a dock to accommodate a large yacht. The home has an infinity edge pool and spa and a 3 car garage. This home could be yours for $8.8 million.
 Allison Island is one of the man made islands located in Miami Beach. It is to the north of South Beach and is gated and guarded 24 hours a day. This island is conveniently located equidistant from the nightlife of South Beach and the dining and shopping opportunities of Bal Harbour. The Miami International Airport is 20 minutes away via 195 and the Opalocka Executive Airport is 30 minutes away for those preferring to fly privately.  For leisurely pursuits, the La Gorce Country Club is only one mile from Allison Island and the Normandy Golf Club is a five minute drive. This is one of the most coveted addresses in Miami Beach and this home is a showstopper. For more information please contact us today.
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Thursday, August 2, 2012
It is that time of year again when restaurants are looking to broaden their horizons and patron base by offering their best dishes at a fraction of the price, during the high season. Miami Spice takes place during the month of August and is an event that is highly anticipated each year by locals and visitors alike. It has extended across to the mainland and south and has loads of gourmet establishments that are participating. The most prominent chefs use this opportunity to test out new menus and items as well as promote their brand on this platform. Some of the places that we recommend visiting this Spice season are Mercadito, Sugar Cane, Fogo de Chao, Tudor House, and The Dutch. Below are the participating restaurants, enjoy!! L=Lunch, D=Dinner

Lunch $23 | Dinner $39
Lunch $19 | Dinner $33
1500° at Eden Roc (D)
A Fish Called Avalon (D)
Altamare Restaurant (D)
Asia de Cuba (D)
Bâoli Miami (D)
Bianca (L,D)
Bistro One LR (D)
BLT Steak (L,D)
Cecconi's Miami Beach (L,D)
De Rodriguez Cuba (D)
The Dining Room Pop–Up at Vesper (D)
The Dutch (L,D)
Essensia Restaurant & Lounge (L,D)
Fifi's Place (L,D)
Fogo de Chão Churrascaria (D)
The Forge Restaurant & Wine Bar (D)
Gotham Steak at
Fontainebleau Miami Beach (D)
Hakkasan at Fontainebleau Miami Beach (L,D)
Il Bolognese (L,D)
Il Mulino NY – Miami (L,D)
J&G Grill (L,D)
Juvia (L)
La Côte at Fontainebleau (D)
La Gloutonnerie (D)
La Marea (L,D)
Locanda Sibilla – Cucina Italiana (L,D)
Macchialina Taverna Rustica (D)
Makoto (L,D)
Meat Market (D)
Mister Collins (L,D)
Mixtura Restaurant – Miami Beach (L,D)
Mr. Chow (D)
Nikki Beach (L,D)
The Palm (D)
Philippe Chow (D)
Preston's at Loews Miami Beach Hotel (L,D)
Quattro Gastronomia Italiana (L,D)
RED, The Steakhouse (D)
The Restaurant at The Setai (L,D)
The Royal at The Raleigh (L,D)
Sardinia Enoteca Ristorante (L,D)
Scarpetta at Fontainebleau Miami Beach (D)
Shula's Steak House
at The Alexander Hotel (L,D)
Smith & Wollensky (D)
STK Miami (D)
Tantra Restaurant and Lounge (D)
Texas de Brazil Churrascaria –
Miami Beach (D)
Tudor House (L,D)
Vesper American Brasserie (D)
Villa Azur Restaurant & Lounge (D)
Yuca Restaurant (L,D)
660 at The Angler's (L,D)
920 Grill – Steakhouse (D)
Amalfi on the Beach (L,D)
AMAMI – United Flavours
of the World (L,D)
Azzurro Italian Restaurant & Bar (D)
Baires Grill Resto (D)
Barceloneta Bistro (D)
Bond Street Lounge (D)
Canyon Ranch Grill (L,D)
Cara Mia Trattoria (L,D)
Copper Chimney (L,D)
De Luca Food & Wine (L,D)
Deco Blue Restaurant & Lounge (L,D)
Flame Caffe and Grill (D)
Front Porch Cafe (L,D)
Kung Fu Kitchen & Sushi (L,D)
Lantao Kitchen & Cocktails (L,D)
Larios on the Beach (L,D)
Maya Tapas & Grill – Lincoln (L,D)
Maya Tapas & Grill – Ocean (L,D)
Piazzetta Marketplace and
Restaurant at Acqualina (L,D)
Pubbelly (D)
Puntino–Dal Toro Bistro (L,D)
The Restaurant
at the National Hotel (L,D)
Rosa Mexicano South Beach (L,D)
Tiramesu (L,D)
Werner Staub's Peppermill Restaurant (D)
West Avenue Cafe (L,D)
Mainland South – (Coconut Grove, Coral Gables, Downtown Miami – South of Flagler, Kendall, Key Biscayne, Pinecrest, South Miami, Westchester)
Lunch $23 | Dinner $39
Lunch $19 | Dinner $33
Anacapri on Ponce (L,D)
Area 31 (L,D)
Atrio Restaurant & Wine Room (L,D)
Azul (D)
Bizcaya (L,D)
Caffe Abbracci (L,D)
Caffe Vialetto (L,D)
The Capital Grille – Miami (D)
Chart House Miami (D)
Chophouse Miami (L,D)
Christy's Restaurant (D)
Cioppino (L,D)
db Bistro Moderne Miami (L,D)
The Dome Restaurant and Caviar Bar (L,D)
Fleming's Prime Steakhouse & Wine Bar (D)
Fontana at the Biltmore Hotel (L,D)
Gibraltar (L,D)
La Palma Ristorante & Bar (L,D)
Le Provencal Restaurant (L,D)
Mixtura Restaurant – Coral Gables (L,D)
Morton's The Steakhouse, Coral Gables (L,D)
Morton's The Steakhouse, Miami (L,D)
The Oceanaire Seafood Room (L,D)
Ortanique on the Mile (L,D)
Palme d'Or at The Biltmore Hotel (D)
Pascal's on Ponce (L,D)
Randazzo's Little Italy (L,D)
Red Fish Grill (D)
The River Seafood & Oyster Bar (D)
Rusty Pelican (L,D)
Ruth's Chris Steak House (D)
Shula's 347 Grill (L,D)
Toscana Divino (L,D)
Truluck's Seafood, Steak & Crab House (D)
Two Chefs Restaurant (L,D)
Zuma (L,D)
Angelique Euro Cafe (L,D)
Cafe Sambal (L)
Caffe Portofino (D)
Cibo Wine Bar (L,D)
Dominique Bistro Club (L,D)
Edge, Steak & Bar (L,D)
El Gran Inka – Brickell (L,D)
Eos Restaurant (L,D)
Graziano's – Bird Road (L,D)
Graziano's – Brickell (L,D)
Graziano's – Coral Gables (L,D)
Jaguar Ceviche Spoon Bar
& Latam Grill (L,D)
Lulu (L,D)
Mesa Venezuelan French Cuisine (L,D)
Novecento – Brickell (L,D)
Novecento – Key Biscayne (L,D)
Old Lisbon Restaurant (L,D)
Panorama Restaurant & Sky Lounge (L,D)
Peacock Garden Café (L,D)
Red Koi Thai & Sushi Lounge (L,D)
Rosa Mexicano Mary Brickell Village (L,D)
Sawa Restaurant & Lounge (L,D)
Seasons 52 (L,D)
Talavera Cocina Mexicana (L,D)
TIKL Raw Bar Grill (L,D)
The Trapiche Room (L,D)
Tutto's Mare Miami (L,D)
Whitney's Restaurant (L,D)
Mainland North – (Airport Area, Aventura, Doral, Downtown Miami – North of Flagler, Miami Design District/Wynwood, Morningside, North Bay Village,
North Miami Beach)
Lunch $23 | Dinner $39
Lunch $19 | Dinner $33
Amuse Restaurant & Lounge (L,D)
Bourbon Steak Aventura (D)
Green House Organic Food Restaurant (D)
Luca Bella Family Style Italian (L,D)
Mesazul Steakhouse (D)
Michy's (D)
Morton's The Steakhouse,
North Miami Beach (D)
Shula's Steak House – The Original (D)
SUGARCANE Raw Bar Grill (L,D)
Terrazza (L,D)
Tuyo (D)
94th Aero Squadron Restaurant (L,D)
5300 Chop House (L,D)
Armillary Grill Restaurant (L,D)
Bloom (D)
Bongos Cuban Cafe – Miami (D)
Cascata Grille (L,D)
Catch Grill & Bar (D)
City Hall the Restaurant (L,D)
Egg & Dart Greek Restaurant (L,D)
El Gran Inka – Aventura (L,D)
The Federal Food, Drink & Provisions (D)
Jean Paul's House (L,D)
La Riviera (L,D)
Mercadito Midtown (D)
Off the Hookah Miami (L,D)
Soyka (L,D)
Trio on the Bay (D)
Tuna's Raw Bar and Grille (D)
Uvas Restaurant (L,D)
Wynwood Kitchen & Bar (L,D)

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Tuesday, July 31, 2012
A dream team has embarked on completing the first LEED certified home in South Florida. Architect Ari Sklar, developer Matt Lahn, contractor Robert Arkin, and interior designer Alfred Karram have transformed 2020 Alton Road into a modern masterpiece that can easily represent the home of the future. The home will be complete later this year and is $2.2 million. It is 32 ft wide and 32 ft high and has 3,200 square feet with five bedrooms. The home is built with entirely green products and is solar and wind powered. It is estimated to be a net zero home, meaning that it will not need to be on the FPL grid. If it is on the FPL grid it would actually help power other homes, and FPL would need to issue credit!
The exterior amenities include a pool and spa with an outdoor kitchen and deck. The landscaping is all native species and the pool has nickel and copper filtration. The interior amenities are completely custom and top of the line. Alfred Karram spared no expense using Poggenhol cabinetry, Gagganau appliances, Bosch dishwasher, Liebher refrigeration, La Cuisine Gourmet cookware, Vetrazzo countertops, and KWC faucets. The home has extensive master quarters and will command the price tag of $2.2 million, which is a fair market value in today’s Miami Beach real estate marketplace. For more information on this home and other homes in Miami Beach, contact us today!!
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