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 22, 2013

Margaritaville Hollywood is coming to Hollywood Beach and is likely to completely alter the landscape of the town. The development will stimulate the local economy in a tangible and positive way by creating thousands of jobs, and the revenue from tourism is likely to be substantial given the popularity of the Jimmy Buffet theme. The construction will be managed jointly by Coastal Construction and Tishman Construction and it is being developed jointly by Starwood Investment Group, Lojeta Investment Group, and Margaritaville LLC.  The CEO of Coastal Construction issued the following statement regard the partnership and winning the bid, “There are great synergies between our two companies, including our mutual track records for creating hotels, resorts and multi-family residential projects of distinction, but more importantly, our shared values and company culture.”

Margaritaville Hollywood will break ground on August 22, and is scheduled for completion in 2015. It’s development will create thousands of jobs and will stimilulate the local economy through tourism and local commerce, so this is excellent news in turn for the real estate marketplace. Located on 5 watefront acres, Margaritaville Hollywood is truly a resort of epic proportions. It will have a 17 story hotel with 349 rooms, water park, retail space, bars, restaurants, bandshell, boat docks, and a 1056 car garage. Locals and tourists alike will enjoy the many attractions that this facility will hold. Similarly, the real estate in Hollywood is expected to increase in value with the addition of this colossal development. If you are interested in Hollywood real estate, contact us today.

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Wednesday, August 21, 2013

Rarely on the market do we find completely sustainable, off the grid, homes in Miami Beach. 227 N Shore Drive in Miami Beach is a completely remodeled and solar paneled with 2,721 square feet on a guarded island  within Normandy Isles. The home has direct access to the recently refurbished Normandy Golf Club and tennis facility, and is right on the water without any fixed bridges for direct ocean access. The home was originally built in 1957 and is a cinder block style home with traditional 1950’s lines. It has 4 beds and 3 baths with a completely remodeled and modern kitchen. All glass and doors have been replaced and are impact resistant, the counters in baths and kitchen are quartz. Plumbing, electrical, and AC have been replaced, along with a new roof. This is an ideal home for the modern art enthusiast, or waterloving family.

Normandy Isle is at the very tip of Miami Beach, before it becomes North Miami Beach. It is situated in between North Bay Village and North Miami Beach and is one of the most convenient and stunning locations in South Florida, however it is also tucked away. The Canyon Ranch Spa is locataed minutes away, as well as the ocean. Some of the restaurants that are popular for those living on the Venetian are Prima Pasta, Lou’s Beer Garden, and the Fifi’s Seafood. There is a brand new publix supermarket and the 79th Street Causeway takes you directly to 1-95. For more information on this home and others, contact us today.

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Wednesday, August 14, 2013

The Wallstreet Journal released numbers via Realtor.com regarding the inventory of available homes for sale this July. In July, national real estate inventory rose 1.4% from June. It is the highest level since September this year. According to the report listings rose in 17 out of 30 cities polled and nationally is up to 1.96 million homes. Inventories increased by the largest amounts in Atlanta, Sacremento, Los Angeles, and Orlandao. Those markets that continue to decrease are Detroit, Boston, Denver, San Francisco, and Las Vegas. The supply of homes is still comparatively speaking, low.

 Mortgage rates are increasing and those who have thought about selling in the past, are now placing their homes on the market. Median home prices have stabilized with all of the new homes on the market, however this stabilization comes after months of large increases. These numbers do not represent new construction or those homes that are for sale by owner. In Miami, the inventory is slightly up but still very much constricted compared to last year. Home prices have steadily and markedly increased. If you are looking to sell your home, you could not find a better time.

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Tuesday, August 13, 2013

1844 W. 23rd Street is listed on the Miami Beach luxury real estate marketplace for $11 million. It begs the question, what does $11 million buy you in real estate in Miami. Well, for starters, this home has 4 beds and 4.5 baths within a spacious 6,393 square feet. It is on an oversize waterfront lot measuring over 16,000 square feet and enjoys coveted northern exposure so sunsets and sunrises are both available. The kitchen is chef ready and has the latest and highest name brands available, perfect for novice or professional chef. It is perched on the Biscayne Bay and the massive master suite has views overlooking the lagoon style pool and wide Bay Views. All landscape architecture is in lush designs that make Miami a destination the world over. The location of this home, outside its private gates, is similarly impressive.

The Sunset Islands, home to 1844 W. 23rd Street, is comprised of three man made islands directly to the west of South Beach. Each island is guarded 24 hours a day, and each island retains its’ own unique charms. Not only are these islands 3 minutes from the very heart of South Beach, the neighborhood just outside its’ gates contain some of the most popular dining, shopping, and amusements that Miami Beach has to offer. From Flywheel Spin, which is frequented by many of the reality TV stars, to Lulelemon apparel, to incredible dining such as Pub Belly and Barceloneta, this neighborhood has it all within walking distance. Downtown Miami is a 15 minute drive, and the Miami International Airport is a 20 minute drive. For more information on this listing, and others on the Sunset Islands, contact us today!

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Thursday, August 08, 2013

A home that is considered affordable in Miami terms for waterfront is generally between 3-5 million. Our featured home offers an incredible location for under $5 million with lots of space. 94 South Hibiscus Drive is just under 5,000 square feet of interior space with 8 bedrooms and 6.5 baths. Its’ exterior is Mediterranean in style and the interior is most aptly described as French baroque. It sits on a 10,500 square foot lot and has stunning views of the Biscayne Bay. It has a boat lift and dock and has 60 feet of waterfront. The pool is stunning and the deck is hand crafted of marble. This home is stunning and one of the most affordable on the Miami waterfront market, its’ location makes it particularly attractive to buyers.

Hibiscus Island is one of the man made islands between Miami Beach and Downtown Miami. It is guarded 24 hours a day and is neighbors with the famed Star Island. Within the gates there are tennis courts, basketball courts, playground and racketball courts that are for the community. Often you will see joggers and children out in the streets and it really is a neighborhood that would seem far removed from the city. It is equidistant from Downtown Miami and South Beach, which allows residents to enjoy both the nightlife of Miami and the commerce of downtown. There is limited inventory on Hibiscus Island and we expect this home to sell quickly. If you are interested in this property or others on Hibiscus Island, contact us today.

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Thursday, August 08, 2013

Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The jointly held property has undergone a massive renovation to the tune of $100 million dollars. 1 Hotel will be open early next year and is Miami Beach’s first completely LEED certified hotel and residence development. This is the first location of this new hotel brand and while it will be ecologically minded, it will also be complete luxury and will rival the Setai or W. Additionally, the hotel will have residences for sale.

In its’ complete state the hotel will have 417 rooms and 163 residences. The pricing will be between $600,000 to $6 million. These prices make this property comparable to the listings available at the W Hotel and Residences. Everything in this property has been remodeled, so if you remember the Gansevoort or the Perry, erase it and rebuild. Some of the renovations include, new boardwalk, new balconies, new views, 4 new pools, and new lobby. Imagine the feelings of relaxation and fun of The Standard and add in more luxury and a prime South Beach location, and you would arrive at the 1 Hotel. For more information on this hotel as it develops check back with us!

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Updated: Tuesday, August 22, 2017

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