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!

Tuesday, May 15, 2012
Nationally mortgage rates have been hovering at all time lows, 4% on a 30 year fixed mortgage, means it is incredibly affordable to purchase a home. First time home buyers have excellent tax incentives and Trulia reported that in 98 out of 100 American home markets, owning is now cheaper than renting. Further, the rate of joblessness is down, meaning more people have the income to own a home. In 2011, investors increased their purchasing of homes by a whopping 64%, due largely to the fact that home prices are down 34% from 2006 at the height. Currently, those investing in homes, are able to rent them out for more than the mortgage price. This trend will not last and currently, the inventory is decreasing rapidly, especially in our market in Miami Beach. Very real opportunity for investing in real estate and making gains is upon us, and analysts believe what is holding people back is not the fundamentals of real estate or the news, rather, it is psychology of those who were injured by the crash.
Recessions are not necessarily bad for everyone, in fact, the shrewd investor with the right team, can benefit tremendously from this period of time. Unfortunately 1/30 Americans lost their job in the recession, however for those who remained gainfully employed, the sustained low interest rates make home buying and investing incredibly affordable. The Wall Street Journal gave this statistic recently that puts these numbers into perspective for the laymen, American home buyers can borrow for 30 years at a rate cheaper than either General Electric or the entire Australian Government. Further, borrowers are able to lock these rates for the duration of their loan, secure in the price of future payments. Those who have never purchased a home are in a remarkable situation and have come out on top. For more information on benefitting from this fertile market, and for advice on the homes and condos that would most likely appreciate or for investment opportunities, contact us today!
 
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Thursday, May 10, 2012
Rents are rising across the nation and home prices are still 30% down from what they were 4 years ago, we cannot say with more certainty that now is THE time to buy a home. Regardless of whether the time is right to buy a home, we would like to go over some of the reasons why home owning can be one of the greatest financial assets you have. Experts have predicted that while home prices are still declining, they are likely to abate and by next year they will begin to appreciate once more. Mortgage rates are at all time lows now as well and first time homebuyers have a number of incentives to purchase. Joblessness has decreased and people are itching to buy, and they could not have a more fertile period to make a real estate acquisition. There are a number of ways that you may have not been aware of that also add to the value of home ownership and actually can save you money.
One of the ways home owning saves you money is through tax breaks. Homeowners receive tax breaks through a mortgage interest deduction, property tax deduction, and eco tax breaks. This means that your mortgage payment paid every month is tax deductible, which adds to quite a lot come April. If you have made updates to your home that are green friendly, such as replacing windows, purchasing Toto toilets, or installing appliances with energy star ratings, these can all be tax deductible, which saves money and also will make your conscience clear. Further, a homeowners loan to make green improvements, the payments made toward this will also be tax deductible. During healthy economic times, home appreciation averages between 4 and 6% according to the National Association of Realtors. Also, you build equity which is one of the most clear advantages to owning a home. The more payments you make, the closer you are to owning your home. Home ownership has never been more a reality for many with the low interest rates and low prices. For more information on Homes available in Miami Beach, contact us today!
 
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Tuesday, May 8, 2012

The Ritz Carlton is reknowned the world over as a symbol of luxury and elegance. The Ritz Carlton in Miami Beach is located at the easternmost edge of Lincoln road and is situated directly on the Atlantic Ocean. Lincoln Road is the most famous thoroughfare on South Beach and is a pedestrian shopping mall with some of the best shopping, dining, and people watching on South Beach. The Ritz Carlton is also located twenty minutes from the Miami International Airport and 10 minutes from downtown Miami, making it ideal for those who commute or are looking for a vacation property.  There truly is no resort style living comparable to the Ritz.

The Ritz features 375 resort style residences available for purchase are all furnished in the height of elegance with dark cherry wood and whose color scheme is between burnt gold to nautical blues.  All residences are prewired with fax and phone lines and all bedrooms feature hypo-allergenic beds with all cotton linens, complete marble baths,  and incredible views of the Atlantic Ocean and Miami Beach. The amenities at The Ritz Carlton are truly incredible both for business and vacation purposes and as a resident these amenities come standard. The Spa is over 16,000 square feet with the latest in salon and spa treatments available to you. The conference center is over 20,000 square feet and The Ritz South Beach is often home to conferences of the most distinguished professions.  Dining at The Ritz in South Beach is some of the very best in Miami and a number of  its staff have appeared on the popular television show “Top Chef”, making it a destination in its own right.  This is only one of the most premier hotel destinations in the United States, calling this residence home would be an honor for the most distinguished recipient. Ritz Carlton Offers resort living down to the very last detail, for information on available properties contact us today!

 
 

 

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Friday, May 4, 2012

The 138th Kentucky Derby will run this Saturday and if you are not one of the fortunate who will be in Louisville Kentucky sipping on bourbon and cheering on the thoroughbreds, there are a number of options here in Miami that will rival the sophistication, but will showcase the event in Miami Style! The Miami Style of Derby watching includes more bright colors higher heels, since there are few events that will be on the grass, and since the event also takes place on Cinco De Mayo, it will surely incorporate Margaritas! Miami has a number of notable tracks that will host events along with one of our favorite restaurants in South Beach, Yardbird. Below are the events going on in Miami for the Kentucky Derby, we hope you enjoy your day, and for information on the Southern Style homes and condos in Miami Beach, contact Miami Beach Condos and Homes today, while we specialize in more modern homes, there are some traditional condos and developers in Miami that cater to the more gentile sensibilities!

Gulfstream Racetrack: The Gulfstream Racetrack is offering a full Cinco De Mayo and Kentucky Derby extravaganza with a top of the line prizes. Christian Loubotin Shoes and Dom Perignon will be awarded to the lady with the wildest and biggest hat. Mint Julips and Margaritas will be served in custom designed Kentucky Derby 2012 cups and races will be occurring all day up until this BIG ONE. All of these activities will commence at 10:30am and there is also a wide variety of both casual and mid-level dining at Gulfstream. This truly is a complete celebration, not for the faint of heart. Calder Race Course: Calder Race Course calls its Derby Day, Florida’s Largest Kentucky Derby Party, featuring two buffets, one on the 4th floor for $20 and one larger and more comprehensive buffet on the 5th Floor for $37.50. Drinks will be none other than Kentucky Bourbon and Mint Julips. Live Music and Races will commence at noon and will continue to the air time of the derby. Yardbird: Yardbird the swank Southern Style restaurant in South Beach will be offering a truly South Beach Style Derby Day. Kentucky Rose cocktails and Mint Julips made with the one and only Kentucky Bourbon, Makers Mark. The menu deviates in an imaginative way from the standard Derby fare with BBQ Hominy, jars of fried pickles, hangar steak bites, and specialty lettuce wraps. Drink and menu specials last allllllllll day!

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Wednesday, May 2, 2012
The developers of the Luxury Condominium Project Mei, the 134 unit tower at 58th and Collins, have launched its latest project 95th on the Ocean. This incredible project will be seven residential units with over 4,000 square feet. These incredible residences will have private two car garages, private glass elevators, four bedrooms, and five and one half bathrooms. Each of the residences will be finished with top of the line appliances and the latest in wiring technology. Moreover, these will be in the latest style of contemporary design. It will also be a trendsetter in energy efficiency, as all meet the current Silver designation. This is the second project by Property Markets Group in the past five years and is another indicator of the need for luxury real estate inventory in South Florida, and Bal Harbour in particular.   
Bal Harbour is home to some of the most incredible resort style condominiums in Miami. Located at the very tip of Miami Beach, Bal Harbour has arguably the most incredible views in Miami, with those of the Intracoastal waterways, Downtown Miami, and the Atlantic Ocean. The best shopping without question is found in Bal Harbour with the luxutry boutiques including Loius Vuitton, Gucci, Prada, Van Cleef and Arpels, Harry Winston, Sake Fifth Avenue, Bluemarine, Neiman Marcus, Agent Provacatuer, and many many more. The dining in Bal Harbour is also similarly impressive with Carpaccio, La Goulue, and Makato, all of which are award winning. It is also a short drive from both the Miami International Airport and the Fort Lauderdale International Airport, making commuting a snap. If you are interested in learning more about this new development contact us today!!
 
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Monday, April 30, 2012
Even though it is a rainy start to the week, it is always sunny when you day dream! We are pleased to feature Our Penthouse of the Week at the incredible Apogee, in Miami Beach. The Apogee in Miami Beach is the first of its kind in Miami Beach and is exquisite in every sense of the word. Each of the 67 units have expansive ocean views and are located in the tony, South of Fifth neighborhood in South Beach. Absolutely no expense has been spared in these units and they are true sky homes starting at 3 bedrooms and going up to five and six bedroom penthouses. Floorplans run from 3000 to upwards of 6000 square feet. All have built in summer kitchens and top of the line appliances with fully integrated smart systems, amenities are unbelievable and feature full spa and fitness facilities, private parking, private elevators and much more.
Our featured Penthouse of the Day is Residence 1101, listed at $9.5 million. This hone is just under 4,000 square feet with four bedrooms and three and a half bathrooms. 1101 is a corner residence and contains the highest possible upgrades, from floor to finish. With a 2 car garage with assigned parking, this is a convenient residence and has access to all of the amenities that the Apogee is famous for. It is finished in a modern style with the latest in crystal chandeliers, marble floors, and expansive views of Fisher Island, The Intracoastal, and Atlantic Ocean, with waterfront views from every room. Baths are enormous and the dining and kitchen are both chef ready and perfect for entertaining. For more information on this penthouse, as well as for other real estate available in the Apogee, contact us today!
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