According to Knight Frank’s new Global Wealth Report for 2015, Miami ranks six in top 40 most important global cities for super wealthy. London came in at number 1 for the world’s ultra-high-net-worth individuals (UHNWI), followed by New York, Hong Kong and Singapore.
Yet Miami, over the last decade, has quietly moved further up the list of the ‘Top 40′ most important global cities for the world’s super rich. In 2015, Miami now is ranked number six worldwide, ahead of cities like Paris and Dubai.
Knight Frank’s Attitudes Survey reveals cities where the best investment opportunities are for the super rich in 2015,
Looking to the future, one constant remains: the rise of the Asian powerhouse cities, the relative decline of the European centres and the tussle between the two global behemoths – New York and London, with New York expected to be the most important city for global UHNWIs in 2025.
Contact us if you are interested in buying or selling in Miami, we specialize in architecturally significant and historic properties and have team members all over South Florida to help you with any type of investment.
Team Miamism specializes in architecturally significant homes in Miami and there are 2 amazing Alfred Browning Parker homes for sale right now. We will be glad to schedule appointments to show you these properties but want to give you the basic details. We just sold an Alfred Browning Parker home in Schenley Park and these homes are beyond special.
Alfred Browning Parker was known as the leader of Miami’s modernist architectural movement. He was known for his green designs which married local materials to suit South Florida’s climate. He built pre-air conditioning, so his homes took advantage of air currents, landscaping and light. ABP’s spaces were organic and managed to seamlessly bring the outdoors in. His architecture was influenced by Frank Lloyd Wright and his motto was “Make it useful and make it beautiful.” He was way ahead of his time when sustainable design was not even in our vocabulary and will remain an inspiration for years to come.
8800 SW 64 Ct – Pinecrest home by Alfred Browning Parker
We’re talking 4,005 SF of living space on a 42,906 SF lot!! This 4 bedroom / 4 bathroom residence has been renovated and has all the special features you want from an Alfred Browning Parker home: exposed wood beams, a mixture of natural, local materials, perfect use of interior and exterior spaces and light, and the incorporation of nature and the elements throughout the home’s design. Priced at $1,250,000 Sold for $1,153,750
6801 Granada Bl – Coral Gables home by Alfred Browning Parker
This is not just a home, it’s a magical estate. With 9,448 SF of living space and a 128,502 SF Lot on the water with 757′ of canal frontage and 75′ dock (That is 3 acres in prime Coral Gables). The main house has 7 bedrooms and 7.5 bathrooms and a guest house with 2 bedrooms and 2.5 bathrooms. Many original features have been preserved like clerestory lighting, exposed wood beamed ceilings, and ABP’s amazing use of light.
Priced at $12,500,000 Lowered to $7,950,000
Marketing description reads: (owner’s intent is to subdivide property into 2 lots, one with the ABP home and the remaining one with 105′ on the water)
SPECTACULAR PRIME WATERFRONT CORNER LOT!!! This folio is being subdivided into two lots- one will be almost 2 acres and another lot a bit over 1 acre. This price is for the almost 2 acre lot on the corner. There is an existing house on this lot that can be renovated and expanded with a tennis court. This is a very unique opportunity. Corner lot approx. 500 feet on the water and the smaller lot 150. Seller will also entertain a joint venture. Most see to appreciate!!!!
We prepare monthly market reports for Miami Shores but also encourage you to take a look at our annual reports which put all stats into perspective. 2014 Miami Shores Real Estate Stats can be seen HERE.
There are currently 72 Miami Shores homes for sale (5 more than in January):
Highest priced listing is $5,995,000 (1600 NE 103 St: 6 bedrooms / 5 bathrooms / 2 half baths, 6,733 sq.ft. of living space on 20,534 sq.ft. lot – directly on Biscayne Bay)
Lowest priced listing is $250,000 – short sale at 19 NW 109 St (house needs a lot of work, new roof, plumbing, electrical, floors, etc)
Pending Sales (Properties under contract): 43 (same as last month)
Closed sales in February: 9 (compared to 16 in January)
The 9 Miami Shores homes in February ranged from $775,000 for the historic Deco home located at 537 NE 96 St, to $358,000 for a small 3 bedroom / 2 bathroom home at 464 NE 92 St.
There were no waterfront home sold in February but a new bay front listing at 1420 NE 101 St with a 23,471 sq.ft. lot and 204′ of water frontage! It’s listed for $4.5 Million and is a mid-century modern in need of updates ….imagine the possibilities on that size lot!
There is also a new historic home for sale in Miami Shores- it’s a 1925 Kiehnel & Elliott Gem located in Central Shores at 310 NE 99 Street and it has a national historic designation. It’s listed for $1.2 Million – call us for more information, especially since our specialty is historic homes.
The average price per square foot in Miami Shores in February was $277, compared to January’s $225 and 2014′s average of $236.
The highest sale doesn’t always represent the highest price per square foot sold. The house at 1100 NE 91 Terrace was the highest sale per square foot, coming in at $402. This is important to note because the highest price per square foot in 2014 was $408.
There is still low inventory and high demand in Miami Shores, especially for larger homes with 4 or more bedrooms. We added a new system to miamism.com this week and the idea is to provide monthly trend reports directly to your inbox. These trend reports will not only give you information about the neighborhood, but it will also give you an estimated home value for your particular property. We need to repeat that it is an automated system, not like these reports that we produce manually and give you inside information and our opinion.
To sign up to our Home Trend Reports, go to MiamismTRENDS.com and fill in your information.
If you have any doubts on the automated value, please contact us and we will make adjustments and corrections according to upgrades and location of your particular home.
Call us Today for a listing appointment!
If you are interested in getting a list of all properties currently for sale in Miami Shores, we will be happy to send you a digital copy at your request. We can also send you monthly market reports directly to your inbox. Feel free to email us at MiamiShores@miamism.com
Gloria Estefan is selling one of her Star Island Homes for $40 Million. According to Gossip Extra,
“she and husband Emilio Estefan bought the corner lot property on the gated Miami Beach island in 1993 for $1.8 million. Their ownership of the property is supposed to be hush-hush. It’s under the name Nena’s Villa, a Florida corporation”
Personally, it’s not so “hush-hush”, at least if you live in Miami. Curbed Miami even published a list of all Star Island homes where Gloria’s investment home is identified.
“Singer Gloria Estefan owns 1 Star Island Drive, which she operates and rents out as ‘Nena’s Villa’. Rent is reportedly $75,000 a month. Ms. Estefan herself lives just down the street.”
1 Star Island Dr for Sale
asking price $40,000,000
The home has 7,988 square feet of living space, 7 bedrooms/8 bathrooms and sits on a 58,332 sq.ft. lot with 240′ of water frontage. The location is a bit unfortunate, just west of the Star Island entrance bridge, but it is still fantastic! And the views of the Cruise ships leaving and entering The Port of Miami coupled with perfect Sunsets must take your breath away. The home was originally built in 1940, has private dock and marketing description reads:
Located on exclusive Star Island, this magnificent estate rests upon an impressive 58,332 SQ FT corner lot with 240′ of sparkling waterfront and unobstructed views to Biscayne Bay and Downtown Miami. The estate boasts a beautiful 2-story, 4BR/5BA Floridian Villa with open verandas that face the bay and a separate and private 3BR/3BA Guest House. The lushly landscaped grounds feature tropical foliage and palms and a resort style pool/spa, private dock, and amazing sunset views over the bay.
If you are interested in this property or any other Miami Beach Home, please contact us to schedule a consultation.
Here’s the clincher – it’s an automated system that pulls data from tax records and it is not foolproof. Your house may be compared to your neighbor’s ugly and in-complete-disrepair-fixer-upper (GASP!!) …but that’s just because the system is automated and that’s where we will come in – TO FIX DISCREPANCIES.
So we are asking you for feedback so we can improve the system and serve you better. We will still be posting our monthly real estate market reports as we always do. If you are interested in selling, this may be just what the doctor ordered … and then you call us to list your home, of course.