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!

Wednesday, October 07, 2009

There is very little doubt that Miami maintains a high status in the United States as one of the best tourism destinations in the country.  Combined with its denizens, the sultry weather, the vast array of Miami Beach real estate and 24 hour nightlife, the city’s reputation is well deserved.

Television and film usually promote Miami’s beach lifestyle, showing attractive people decked out in swimwear and designer outfits sunbathing on the city’s beaches or having drinks by one of the Miami Beach condos lounges.  It turns out they’re actually onto something.  According to Travel and Leisure magazine, Miami has the most attractive people in the country.

Miami also is second only to New Orleans for having some of the most impressive and contemporary boutique hotels and bars, not entirely surprising considering the appeal of South Beach.  Interestingly the city ranks third behind New Orleans and Las Vegas for its notorious “wild weekends”.

One of the reasons many people flock to Miami is to experience South Florida’s sultry weather.  The city however actually comes in fifth place for the best weather behind places like Honolulu but still manages to cement its top ten status on many of the qualities that have come to define the city and contributed to the appeal of vacation Miami Beach homes.

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Tuesday, October 06, 2009

Are you one of those would be investors considering Miami Beach real estate that has yet to take the next step?  If so, you may want to make up your mind and get started.  You’re competing against an increased presence of foreign buyers plus a price per square footage that is no longer in freefall, stabilization has begun.

According to market experts Miami is currently in a so-called “mini boom”.  After months of seeing prices drop lower and lower, it appears that lenders and developers have finally chopped down the prices to about as low as they’re ever going to get.  You can now snap up Miami Beach condos for as low $200 to $250 per square foot.

Partially due to the continued appeal of Miami real estate as lucrative rentals or second homes, many investors are looking to preserve their wealth and take advantage of these highly unusual prices.  Because activity has increased so much, some developers of luxury Miami Beach condos are refusing cash bulk offers altogether and instead catering exclusively towards retail purchasers who will gladly pay much more.

As an investor it’s obviously a lot more difficult to compete with some of these larger companies who purchase Miami real estate in bulk but if you’ve been waiting it out, now’s the time to get started before you miss out on a worthwhile investment opportunity.
 

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Friday, October 02, 2009

Areas that rely heavily on and are popular for tourism often carry premium price tags, Miami and its Miami Beach condos being no exception to this.  In climates such as the current one where the majority of people have to closely watch where their money goes, tourism is not a top priority.

The Dine Out Lauderdale event is currently taking place until the twelfth of November.  Over thirty restaurants in Broward County as well as Miami-Dade have places where you can enjoy delectable dining for less than $35, a great way to experience the variety of foods without having to spend too much money.

If you’re looking for place near existing Miami Beach condos, consider Morton’s The Steakhouse.  Dinner is served every evening or you can choose to purchase your own steak from the restaurant to cook in the comfort of your own home.

Make sure to stop by A Fish Called Avalon on Mondays, also in Miami Beach.  The weekly Monday night menu offers a full course meal with items like Beef Tenderloin Carpaccio and Chilled Yellow Tomato Gazpacho prepared by renowned chef Brian Cantrell.

For something a little more laid back, visit Miami Beach’s Paris themed Au Pied de Cochon.  From 4-7 PM you can try “Blue Hour”, a collection of foods like oysters, jumbo shrimp as well as specially priced drinks.  You can also enjoy happy hour from Thursday through Saturday which starts at midnight and ends at 2 AM.

Most of these places assume you either already live in or are considering purchasing Miami Beach condos or Miami Beach homes.  Remember that over thirty restaurants are participating in both counties so don’t limit yourself to just one area when there are so many places to try.

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Wednesday, September 23, 2009

Those of you who follow the ups and downs of the Miami Beach real estate market will likely appreciate some encouraging news that emerged last month.  The month of August at last saw some improvements in the building of new homes around the country.  Almost 600,000 new homes broke ground in August, a humble albeit heartening one percent improvement over the numbers reported back in July.  Permits for new building also saw some small progress of a little over two percent from the 564,000 numbers also reflective of July’s activity.

As is the case with nearly any good news that emerges as of late regarding Miami Beach real estate, there is also some not quite so positive news accompanying the improvement in home building activity.  Even though builders are gradually beginning to see the demand for housing pick up again, single family homes were not in fact part of these new building permits as they actually fell three percent last month.

Real estate experts suggest that despite the plunge in building activity for single family homes, this is yet another indicator that the much discussed housing bottom is very near, if not already here.  Although many say the market won’t start to see real improvements until 2010, this does lend more credibility towards the possibility of a looming and much desired recovery for Miami Beach real estate.  Could this latest report plus the recent boost in home sales indicate that the housing market may finally return to normalcy sooner than expected?

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Tuesday, September 15, 2009

The Wine & Food Festival has been a perennial favorite in South Florida, featuring a vast assortment of drinks, spices and dishes from all across the globe.  Founded by Lee Brian Schrager, the festival will be entering its ninth consecutive year in 2010 and is more popular than ever.  Next year’s event will be featuring a delectable mix of events old and new, including ones designed for the younger crowds so you can bring the whole family along.

Taking place from February 25th to the 28th next year in Miami Beach, visitors won’t need to travel very far from their Miami Beach homes to experience, among other things, culinary creations from local chefs such as those who have restaurants in the famed Miami Design District.

The longtime favorite Wine Spectator's Best of the Best event will return and will be taking place in one of the latest Miami Beach condos to receive a facelift, the Fontainebleau Miami Beach.  Some of the most respected winemakers in the world will be showcasing their drinks alongside chefs offering the perfect complement to these fine wines.

Kids will also be able to enjoy the festivities thanks to the efforts of the South Beach Diet and its Fun and Fit event.  Taking place at nearby Jungle Island, young chefs in training can prepare their own nutritious recipes under the guidance of some of the best professional chefs in the business.

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Thursday, September 10, 2009

Florida is considered one of the best places in the United States for retirees looking to settle down and spend their golden years.  South Florida in particular has a wealth of cities that provide a lifestyle that offers lots of opportunities to enjoy life and soak in the wealth of unique cultures and ethnicities that make up the region, especially down in Miami.

Miami is already acclaimed for its sunny weather and world class beaches, two of several traits that have earned it a top position among places to retire and everyone knows that thanks to its melting pot of denizens, the restaurants are among the most eclectic.  Particularly in cities like Miami Beach that remain in a tourism haven, retirees have a tremendous amount of options and there is plenty of activities to enjoy thanks to the city’s prevalent arts and entertainment venues like the American Airlines Arena, Miami City Ballet and the Bayside Marketplace, among others.  Even CNN Money has singled out Miami is one of the 24 best places to retire in.

Although Miami Beach real estate may have been affected heavily by a significant plunge in real estate values, this city that was once reserved exclusively for the well to do now offers a huge and distinct assortment of luxury Miami Beach condos and gorgeous Art Deco Miami Beach homes that are priced towards a much broader demographic.  In fact, a three bedroom home can be found for about $200,000 which is quite inexpensive considering the city it’s in.

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