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, April 08, 2011

Homeowners attempting to sell Miami Beach real estate are generally aware of how imperative it is to set an ideal asking price the first time that a property is put up for sale.  Are they aware that they may need to reduce this price anyway?  While this necessity has been discussed over and over, apparently some sellers have yet to get the message according to a leading real estate research firm.

Miami is the runner up when it comes to the biggest home discounts per a survey of the fifty largest cities in the country.  In the past year sellers have chopped down prices by just over ten percent, second only to the nineteen percent discounts being seen in Detroit, the reluctant “winner” of the survey.  Sellers of Miami Beach real estate and neighboring cities have had to accept the fact that foreclosures and distressed sales are still a huge contributing factor in forcing prices to go down.

There is a nearly forty percent chance that sellers will need to lower their initial asking price, a realization that usually comes after a home has been up for sale for about 69 days.  Again this doesn't mean that you won't be able to sell your home, it just means that you need to be realistic about prices and realize that the digits you have in mind might not be what you ultimately get for those Miami Beach condos or homes you're trying to sell for whatever reason.

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Wednesday, April 06, 2011

One of the relatively newer Miami Beach condos to emerge in the South Beach landscape is Canyon Ranch, a building which opened in 2008.  If you know anything about Canyon Ranch, you're probably aware of its unique approach to condo living that's heavily skewed towards improving overall well-being.  This is largely a result of the vision of founder Mel Zuckerman.

Canyon Ranch Miami Beach isn't the first building to bear the Canyon Ranch as there are in fact several resort buildings with the name throughout the country.  The first of these debuted in Tucson, Arizona and was inspired by Zuckerman's father passing away at age 75, prompting him to adopt a healthier lifestyle.  Together with his wife and a business partner, Zuckerman opened another Canyon Ranch in Lenox, Massachusetts before he sort of reinvented the Canyon Ranch name and created one of the most unique Miami Beach condos.

This unconventional approach to condo living has proved successful.  Since October of last year, more than forty units within the building have been purchased, making it one of the few Miami Beach condos that have seen considerable success since opening thanks to the location, residential features and lifestyle amenities which include morning fitness classes.

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Tuesday, April 05, 2011

Are you still on the fence about purchasing Miami Beach real estate? It's understandable; you're certainly not alone and there's a very a good chance that your reasons for not doing so are valid.  Your reluctance to purchase doesn't mean that the state is going to give up trying to sway you as it recently launched the biggest initiative yet to try and boost home sales.

The Florida Open House Weekend during the weekend of March 26, an effort by state lawmakers and the Florida Association of Realtors to try and encourage homeownership.  As you might expect, various figures were being emphasized and extra measures were taken to reinforce the perks of owning property like Miami Beach real estate.  For example, prices in many areas have nosedived to the point where they were in 2001, just before the housing boom occurred.  Realtors are also holding condo “launch parties”, where more than a whopping 10,000 properties have opened their doors for buyers to take a look.

While results of the Florida Open House Weekend were largely mixed, potential buyers did show up.  Should you take the advice of the Florida Association of Realtors and purchase Miami Beach condos?  Always remember that your financial situation comes first.  Careful evaluation and some good advice is always important before making any final decisions.

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Thursday, March 03, 2011

Looking for the next great activity to enjoy near your Miami Beach condos?  If you're into clothing and are always looking for the newest styles soon to become a frequent sight along Lincoln Road and Ocean Drive, you're going to want to get of the house.  Miami Beach International Fashion Week kicks off this week and you won't need even need to head very far since it's being held at the Miami Beach Convention Center.

Miami Beach International Fashion Week is well known for highlighting fashions from some of the biggest and most well respected names in the industry around the globe as well as right here in South Florida.  In fact, this year brings a greater number of designers as well as larger exhibition space thanks to the new convention center location.  Leave the comfort of your Miami Beach condos behind and be sure to check out the  lingerie and swimwear collection, the first of the many events which starts tonight at 6pm.

If you can't make it to tonight's event or aren't interested in lingerie and swimwear, additional events will be held throughout the weekend, concluding on Sunday.  Put aside partying at Miami Beach condos like W South Beach for one weekend and come see the latest creativity you may soon find yourself wearing.

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Thursday, February 03, 2011

Let's focus on a different kind of building this time around instead of Miami Beach condos; a building that's much more than just its intended purpose as a massive mixed use parking garage.  The unique 11 11 Lincoln Road building has beat the odds and managed to close on a $76 million refinancing loan, you've probably already seen initial signs of the eventual result if you've passed by the corner of Alton Road and Lincoln Road.

Besides the high end parking garage, the seven story 11 11 Lincoln Road (the name is also its address) will feature more than 35,000 square feet of retail on the ground floor which will include names like Juicy Couture and it will also have a whopping 100,000 square feet of office space available.  Interestingly, while the building doesn't fall under the category of Miami Beach condos, it will have one penthouse apartment which will be the home of the building's developer Robert Wennett.

The fact that 11 11 Lincoln Road managed to secure such a deal when existing circumstances are considered, plus the reluctance of banks to underwrite commercial Miami Beach real estate loans is being interpreted by some as an indication that the market is going forward.  Whether or not that's true, 11 11 Lincoln Road is definitely one of the more ambitious projects.  Will you be visiting once it's complete?

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Monday, January 10, 2011

Just when you were starting to get a grasp on the numerous Miami Beach condos scattered throughout the barrier island, yet another new building promises to become the next best thing on the condo horizon.  Get ready to experience the Boulan South Beach.

Boulan is practically brand new, having just opened its doors on the fourth of this month.  It's nestled right in between the popular W South Beach and Setai South Beach condos and much like other Miami Beach condos, the building captures the city's unique art deco design and fiercely contemporary lifestyle.  The building includes the majority of common amenities found in condominiums such as around the clock concierge, common areas, and a modern fitness center.  The building also features a gorgeous courtyard, meditation garden, a beautiful rooftop oasis and various beachside services.

The residences of Boulan South Beach come with one or two bedrooms available with 668 to more than 2,000 square feet of living area.  Penthouses are also available which provide easy access to the aforementioned rooftop oasis.

To learn more about Boulan South Beach, visit http://www.boulansouthbeach.com.

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