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 14, 2013

Golden Beach is a waterfront community full of some of the most incredible real estate in South Florida. It is just north of Sunny Isles Beach, home to some of the most glorious condominiums in South Florida, and residents of Golden Beach benefit from this appointment with the chic restaurants and shopping. The shopping mecca of Bal Harbour is ten minutes away and South Beach is a 20 minute drive. The nearest airport is the Fort Lauderdale International Airport and it is a 15 minute drive. Fort Lauderdale is just a 10 minute drive, with boating and shopping as well. This area is quiet, yet in the thick of urban opportunities. The singular best feature of this area is the fact that homes are located directly on the ocean.

Our featured listing is located at 115 Ocean Blvd and is listed at $13.5 million. The home is just under 8,500 square feet and the lot is a massive 42,750 square feet. It has a guest home, staff quarters, and cabana. The perimeter has a large gate for security and by far the most impressive feature of this home is its’ 150 feet of ocean front. The home is in a Mediterranean style and has every amenity requisite of a true mansion. It was built in 1936 but has been completely renovated. Some of the amenities include a gourmet kitchen, formal and informal living room, dining room, and media room. It has 6 bedrooms, 5 baths, and 2 half baths. Glass is all imact and the flooring is marble. For more information on this home and others in Golden Beach contact us today.

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Thursday, May 9, 2013

The weather this week has been unbelievable in Miami. Perfectly sunny days punctuated by salty warm breezes make for a wonderful outdoor dining experience for Mother’s Day. From spa options to incredible dining in the Mid-Miami Beach Area to Key Biscayne, we have some unforgettable ways to celebrate.  If you are in the market for a home and have questions regarding real estate in these areas, contact us today!

The Forge Mother’s Day Brunch: Located in the Mid Beach area, perfect for those living on Pine Tree Drive or on North Bay Road, this critically acclaimed restaurant will hold a Mother’s Day Brunch from 11am-3pm. The menu includes hot and cold appetizers and salad at a brunch table and other classic brunch items. It is a set price of $55 per person. 432 41st Street Miami Beach. 305.538.8533.

Rusty Pelican Mother’s Day Brunch: The Rusty Pelican is located on Key Biscayne and has some of the most stunning views of Downtown Miami and the Atlantic Ocean. They will have a live Jazz Quartet and food stations along with Bloody Mary and Mimosa Bars. Reservations are required and the brunch is from 10:30am-3:30pm. 305.361.3818.

Mother’s Day Brunch at The Alexander Hotel: This elegant affair offers oceanfront dining and will have brunch classes and house specialities. Adults are $49.95 and brunch is offered from 11am-3pm. Located at 5225 Collins Ave in Miami Beach, this is an excellent option for those living in all areas of Miami Beach. 305.341.6565.

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Wednesday, May 8, 2013

The Miami condo market was one of the worst hit by the real estate crash. In 2008 there were 22,000 new units on the market remaining vacant. Now there are only 600. This shrinking has also made for prices to increase virtually 10% from last year even in residential condominiums. The inventory in Miami and Miami Beach is incredibly tight and the demand has not slowed pace, often creating bidding wars amongst buyers. Developers are taking advantage and cannot build fast enough. There are cranes and forklifts throughout the city and in downtown alone there are 25 new buildings going up.

The new planned developments are geared towards the Latin American investors who have contributed to the rebound. They are luxury condos and shopping districts in one that focus on the walkability of the city. Miami has not historically been a walking city, but developers hope to change that. Brickell CitiCentre is a planned massive development that will add 800 apartments, and an entire shopping district next to the metro mover. It will cost an unbelievable 1 billion dollars. Other developer giants that are investing heavily are The Related Group, of the Related Companies in New York, and Swire Properties. Brickell CitiCentre is by the Whitman Family, who also have the incredibly successful, Shops

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Tuesday, May 7, 2013

The Sunset Islands has a new listing on the market and this mansion has an impressive history. Former home of William Pawley, whose son was engaged to Elizabeth Taylor, its glistening pool was the site of a famed love affair, and it is not difficult to see why it would be conducive to love. The home has a beautiful pool and overlooks the Biscayne Bay. It sits on an enormous over 35,000 square foot lot, and the main house is over 9,000 square feet. It has 7 bedrooms and 9 and 1 half baths and has been completely renovated. Every inch of the property has seen a renovation that keeps the old world charm. It is modern in all conveniences but still is haunted by love. This home is a must see.

The location of 2555 Lake Ave is one of the most coveted in Miami. It is on the Sunset Islands, which are a chain of islands off the main barrier island of Miami Beach. In seconds you can enjoy the dining and nightlife that south beach has to offer, or be in downtown Miami in 15 minutes via the Venetian Causeway. The Miami International Airport is around 25 minutes away, and the design district is 20 minutes. Bal Harbour and boutique shopping is possible in a 15 minute drive as well. For more information on this home and others in the Sunset Islands, contact us today. The market is so limited that we do not expect the home to remain on the market long.

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Thursday, May 2, 2013

 Our featured penthouse is in one of the most conveniently situated condominium complexes in Miami Beach. The Floridian condominium is located at 650 West Avenue and is in walking distance to a Crossfit, Whole Foods, incredible dining at Oliver’s and Taste Bakery, and so much more. It has two resort style swimming pools, one on the ground level, and another at the sixth floor. The fitness center overlooks the sixth floor pool and it has a fully stocked convenience store and spa. It also has outdoor basketball courts and tennis courts, all on the sixth floor, so even in the hotter months, you have a wonderful island breeze. It is less than a minute to get on the MacArthur Causeway, making the trip to downtown only a ten minute drive and the Miami International Airport is a 20 minute drive.

Our featured property in The Floridian is Penthouse 8. It is listed at an incredibly low price of $875,000. The home has 1,456 square feet of living area and has two beds and two baths. It is a corner unit with spectacular panoramic views from every room. It features floor to ceiling windows, high ceilings, and has views of the ocean, city, Biscayne Bay, and you can view a sunrise or sunset perfectly. The flooring is all decadent marble, carpet, and wood, and appliances are all top of the line. It is a pet friendly building and in excellent fiscal standing.  For more information on this unit and others, contact us today.

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Wednesday, May 1, 2013

Lack of inventory and continued voracious demand, have home prices at 2003 levels. The Miami Association of Realtors announced the new median numbers for single family homes and condominiums and they continue to increase. The median price of Miami Dade single family homes has risen 25.1% to $225,000 this March from last year. The median condo price has risen 19.3% since last March. These increases are not simply in Miami Dade county either, in Broward median single family home prices increased by 25.3% and townhomes and condos increased by 27.3%. Experts say they do not see a slow in this growth given the limited inventory and continued demand by cash and non-cash buyers.

Miami Dade county was one of the most damaged market by the recession in 2008, but it has witnessed one of the biggest comebacks in the nation. March marks the 16 consecutive months of gains in home prices and buyers are still rushing to take advantage of the 2003 pricing. Since builders were unable to obtain lending for some time after the recession, the amount of available new properties are scant. This will not be for long however, since in Miami Dade over 100 new condominium towers are underconstruction. Foreign liquid capital is driving the demand and those looking to finance are often being beaten to the property by a cash buyer. Homes that are competitively priced are often receiving multiple offers in a very short amount of time. As soon as a home is listed, it is often under contract in under a week. If you are looking to sell, we advise that you take advantage of these conditions now, before the new share of condos is available. Contact us for a free comparative market analysis.

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Updated: Tuesday, October 3, 2023

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