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Jan
28

One Thousand Museum by Zaha Hadid update

By: Ines Hegedus-Garcia on January 28, 2015

We feel the need to keep you updated on the hottest pre-construction project in Miami right now.  One Thousand Museum by Zaha Hadid is scheduled to be completed in late 2017 and construction has broken ground already.

one thousand museum by miamism.comTIME Magazine says “Land and condos in Miami will be the premium commodity of 2015″

Out of a total of 83 residences, there are 45 Active Listings with an average price per square foot of $1,240.  One Thousand Museum offers 3 different types of residences:

  • Duplex / townhomes – with interior living area between 8060-8102 sq.ft., terraces between 834-899 sq.ft. and current price ranges between $10,437,000 and $11,807,000.
  • Half-Floor residences – with interior living area between 4503-4822 sq.ft., terraces between 5222-5434 sq.ft., and current price ranges between $5,519,000 and $7,401,000.
  • Full-Floor PH residences – with interior living area between 9780-9910 sq.ft., terraces between 11,048-11,168 sq.ft., and current price ranges between $16,807,000 and $20,290,291.

one thousand museum by zaha hadidAnd if you thought the prices at One Thousand Museum were high, remember it’s all about the size of the residences.  Take a look at this graph to know how many square feet does $1 Million buy in the World’s Top Ten Billionaire Skyscraper Homes.

One thousand museum compared to worlds top billionaire skyscrapersOne Thousand Museum is Zaha Hadid’s first residential project in the Western Hemisphere. The project has unique features such as an aquatic center with indoor pool and sunbathing terrace overlooking the Miami skyline. And we can truly say that it will have the city’s first truly outstanding amenities, including rooftop helipad, bank-quality vault and skylounge.

1000 Museum by Zaha Hadid

For more information including floor plans, inventory, and property brochure, please contact us at 1000museum@miamism.com

Condo Name:  1000 Museum
Architecture:  Zaha Hadid

Neighborhood: Miami Airlines Arena Area – Downtown Miami
Location: 1000 Biscayne Blvd- Miami
Contact: 1000museum@miamism.com

Jan
25

Miami and Miami Beach 4Q Elliman Reports 2014

By: Ines Hegedus-Garcia on January 25, 2015

Here’s our lastest episode of Elliman Reports for Miami Homes, Miami Condos, Miami Beach homes and Miami Beach condos – showing figures for the 4th quarter of 2014.  Unlike our hyper local real estate market reports that we share on a regular basis like Miami Shores homes, Surfside homes or even Azure Condo Reports in Surfside, these reports are useful because they provide overall numbers and give you a general idea of how our Miami and Miami Beach real estate markets are doing.

Nothing replaces a personally prepared market analysis for your own property, one that compares properties in the near vicinity of your home or condo.  Or you can even request an automatic home value report here (by providing an email address):

CHECK YOUR CURRENT HOME VALUE

If you want to know how your particular area is doing, please email us at marketreports@miamism.com.

Elliman Reports

Miami Real Estate Market Report – 4Q 2014

Quarterly Survey of Miami Coastal Mainland Sales for the 4th Quarter of 2014 shows number of sales increased, but were outpaced by the rise in inventory.  All price indicators moved higher, double digit year-to-date growth and marketing time declined as negotiability edged higher.

Elliman reports 4Q Miami by miamism.com

Housing price indicators on Miami’s coastal mainland moved higher at the end of 2014.  Median sales price increased 9.1% to $240,000 from the same period last year.  Year to date, median sales price was up 17.5% to $235,000. Condos showed larger price gains than single family sales did in the fourth quarter.  Condo median sales price was $210,000, up 20% and single family median sales was $270,000 up 5.2% over the same period.  The luxury condo market showed the largest increase with a 46.7% rise in median sales price to $1,100,000.  The luxury market is defined as the top 10% of all sales during the period.  The large gain in all luxury condo price indicators was caused by a shift in the mix to a higher end product.  The entry threshold for the luxury condo market was $693,500, 26.1% higher than the same period last year.  Rising prices over the past few years has started to pull in more inventory across all market segments.  Although levels remain low, overall condo and single family inventory is up 33.8% from the prior year total.  Despite the rise in supply, days on the market, the number of days from the last price change to the sales date, fell 9.2% to 59 days.

Miami Condos Report

Large gains in all price indicators as sales of lower priced distressed sales declined.  Rise in listing inventory increased faster than increase in sales.  Days on market declined and listing discount increased.  Absorption period expanded from prior year levels.

Miami Homes Report

Housing price indicators were mixed.  Sales and inventory increased at a similar rate.  Days on market fell as negotiability stabilized.  Distressed prices increased more than non-distressed.

Miami Luxury Homes and Miami Luxury Condos Report

Condo price indicators surged, despite increase in inventory.  Condo sales and days on the market rose.  Single family price indicators declined as smaller sized sales increased.  Single family inventory and marketing times edged higher.
DOWNLOAD COPY OF ENTIRE 4Q 2014 MIAMI COASTAL MAINLAND SALES HERE\ 4Q - 2014 Miami coastal mainland sales - Elliman Reports

This report will also include individual stats for cities of Aventura, downtown Miami, Coconut Grove, Coral Gables, Brickell, South Miami, Pinecrest and Palmetto Bay.

 

 

 

 

Miami Beach Real Estate Market Report – 4Q 2014

Quarterly survey of Miami Beach / Barrier Islands Sales for the 4th quarter of 2014 shows double-digit growth of all price indicators, sales declined as inventory expanded and marketing time and negotiability fell.

4Q-2014 Miami Beach / Barrier Islands reports - by miamism.comRising housing prices within the Miami Beach and Barrier Island region are pulling in additional re-sale inventory to a market that has long seen limited supply that held back sales. Despite the 20% increase in listing inventory, there was a 7.9% decline to 1,061 condo and single family sales from the prior year quarter.  The absorption period, the number of months to sell all existing inventory at the current pace of sales, increased to 11.3 months from 8.6 in the prior year quarter. Rising prices and a strengthening U.S. dollar are helping to temper the blistering pace of the past several years.  Median sales prices for condo and single family properties combined, increased 14.4% to $400,000 from the prior year period, consistent with the year-to-date median sales price increase of 14.3%. In the luxury market, defined as the top 10% of sales, luxury condo median sales price was up 47.2% to $2,650,000 with an entry threshold of $1,610,000, up 26.3% respectively from the prior year quarter.  Luxury single family median sales price declined 18.9% to $5,700,000 from prior year quarter with an entry threshold of $4,385,000, down 6.7% over the same period.

Miami Beach Condos Report

Price indicators for Miami Beach condos increased sharply.  Listing inventory increased as sales declined and marketing time and negotiability slipped.

Miami Beach Homes Report

Price indicators for Miami Beach homes fell short of prior year results.  Sales increased at about the same rate as listing inventory and negotiability decreased as marketing time stabilized.

Miami Beach Luxury Homes and Miami Beach Luxury Condos Report

Price indicators for Miami Beach luxury condos surged as inventory trended higher.  Entry threshold surged as shift to higher end product continued.

Price indicators for Miami Beach luxury homes showed average size of sale dropped sharply, pulling price indicators down.  Listing inventory expanded as marketing time slipped.

DOWNLOAD COPY OF ENTIRE 4Q 2014 MIAMI BEACH / BARRIER ISLANDS SALES HERE

This report will also include individual stats for cities of Sunny Isles, Bal Harbour, Bay Harbor, Surfside, North Bay Village, Miami Beach Islands, North Beach, Mid-Beach, South Beach, Key Biscayne and Fisher Island.4Q 2014 miami beach barrier islands sales - elliman reports

**The Douglas Elliman Report series is recognized as the industry standard for providing the state of the residential real estate market.  The report includes an extensive suite of tools to help readers objectively identify and measure market trends, provide historical context to current information and provide comprehensive analysis of the results.  Prepared by Miller Samuel, Inc.

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Jan
23

St Rose of Lima Carnival 2015 – Miami Shores

By: Ines Hegedus-Garcia on January 23, 2015

St Rose of Lima Carnival 2015The annual St. Rose of Lima Carnival starts today! (and lasts until Sunday) is coming up this weekend, starting on Friday, January 23rd and ending on Sunday the 25th.  It’s an amazing community event and of course a church and school sponsored function.  I confess I’m not a huge fan of carnivals, but this one in particular is close to my heart. You’ll see tons of Miami Shores residents, no matter which religious inclination, volunteering and working together for a good cause and it doesn’t hurt that it’s fun too.  The food is not only your typical carnie stuff…you’ll find a Filipino food booth, famous Turkey legs, elephant ears (YUM!!)…. and so much more.

Check out the St. Rose of Lima Facebook Page for more info. St. Rose of Lima Carnival is located at 425 NE 105th Street in Miami Shores.

Miamism Carnival Giveaway

This year, Miamism is doing a Carnival Giveaway!!  We will give away 4 $25 Starbucks cards to people who send us selfies with our miamism.com sponsorship banner AT the carnival.

All you have to do is find our sponsorship banner somewhere around the carnival (we don’t even know where it will be placed), take a selfie showing the banner in the background, and we’ll send a $25 Starbucks card to the best 4 photos!

Email the photo to carnivalselfie@miamism.com with your name and full contact information.

And come say hello to us Friday night.  Rick and I will be volunteering at the Carnival Bistro from 7:30 PM to 11:30 PM.  Look forward to seeing many of you there and don’t forget to send us your selfies!

 

 

Jan
22

Louver House – South of Fifth – Miami Beach

By: Ines Hegedus-Garcia on January 22, 2015

Miamism is excited to present an exquisite and private project in the South of Fifth area of Miami Beach.  The concept of Louver House, as per the architect, Rene Gonzalez,

Designed to be a part of its environment, Louver House embraces the tropical qualities of the South of Fifth Neighborhood and reinterprets them for contemporary living.

The project will be 4 stories with 12 total residences with 3 bedrooms and 3.5 bathrooms.  Square foot range will be from 2,088-2,432 and price ranges are from $1.9 to $3.6 Million.  It’s currently in pre-construction with estimated completion date of the third quarter of 2016.

Louver House South Beach by miamism.com

Within this boutique property, 12 spacious residences are accessed by private elevators and feature the finest interior design, with oversized, private terraces and lush gardens extending the living space of every residence to the outdoors.

louver house south beach by miamism.com

The developer’s concept (Camilo Miguel Jr, from Mast Capital),

I wanted to develop a luxury residential building that is elegant, warm and forward thinking.  A design without compromise that reflects the vibrance and charm of Miami’s exclusive South of Fifth Neighborhood.

louver house concept sketch

From the lobby’s original works of contemporary art to the finest finishes and highest quality craftsmanship of the residences, Louver House offers a truly sophisticated ambiance.

louver house renderings

Louver House Amenities

  • Gated entry
  • Secured garage parking
  • 24-hour security video surveillance
  • State-of-the-art fitness center
  • Outdoor yoga studio
  • Rooftop garden infinity-edge pool deck
  • Full-time residential manager
  • Wi-Fi / high-speed Internet access in common areas
  • Electric vehicle charging station in select locations

Louver House Residences

  • Ornare kitchen cabinets with quartz countertops
  • High end designer bathroom fixtures
  • Sub-Zero and Wolf appliances
  • Electrolux washer and dryer
  • Elegant floating designer bathroom vanities
  • Frameless, glass-enclosed showers
  • 13 feed deep by 37 feet wide private terraces with glass railings on select residences (up to 531 sq.ft. of outdoor living)
  • Spacious walk-in closets
  • Smart-technology ready
  • 8 foot solid core doors throughout
  • Sound insulated throughout
  • Spacious flow-through open floor plans with 10 food ceilings
  • Private rooftop terraces and spas for select penthouse residences
  • Floor-to-ceiling energy-efficient windows
  • Private high-speed elevators
  • Two covered parking spaces per residence
  • Pet friendly building

Louver House South Beach

Contact us for more information including property brochure and floor plans.

Condo Name:  Louver House
Architecture:  Rene Gonzalez Architect
Developer:  Mast Capital
Landscape Architect:  Savino & Miller Design Studio
Location:  311 Meridian Avenue, Miami Beach, Florida 33139

Area:  South of Fifth area of South Beach
Contact:  louverhouse@miamism.com

 

Jan
19

Azure Condo, Surfside – Real Estate Market Report for 2014

By: Ines Hegedus-Garcia on January 19, 2015

Azure Condo by miamism.comThe Azure luxury condo is one of our favorite buildings in Surfside, Florida.  It was built in 2005 and is considered a boutique condo because of its scale and quaint amenities – with 74 residences, 150′ of ocean frontage, contemporary design and very close proximity to Bal Harbour Shops.  The condo was designed by Revuelta and offers 1, 2 and 3 bedroom condos.

Azure Condos – Building Features

  • Fitness center with separate sauna, massage and treatment rooms for men and women
  • Social room with billiards, game tables and leather armchairs
  • 150′ of ocean frontage
  • Heated swimming pool
  • air-conditioned cabanas
  • Whirlpool spa
  • 24-hr valet and security

Azure Condos – 2014 Sales

There were 4 Azure condos sold in 2014:

  • residence 1002 – Foreclosure with 3 bedrooms / 3 bathrooms – 1,945 sq.ft – listed in January for $949,000 and selling in February for $965,500 ($496/sq.ft.)
  • residence 402 – 2 bedrooms + den / 3 bathrooms – 1,945 sq.ft. – listed in March for $990,000 and selling in May for $925,000 ($476/sq.ft.)
  • residence PH1104 – 2 bedrooms / 2 bathrooms – 1,676 sq.ft. – listed in May for $1,150,000 and selling in June for $1,150,000 ($686/sq.ft.)
  • residence 906 – 3 bedrooms / 3.5 bathrooms – 2,480 sq.ft. – listed in May for $2,299,000 and selling in October for $2,100,000 ($847/sq.ft.)

The average sales price per square foot in 2014 coming in at $626 – The average price will only give you a starting point and it’s important to remember that floor height, views and condition of unit will always be important to come up with fair market price.

Azure Condos – current listings

There is currently only 1 Azure condo for sale.  Residence 206 with 2,480 sq.ft. of living space – 3 bedrooms / 3.5 bathrooms.  This unit has direct ocean views, marble floors, wraparound glass balcony, floor to ceiling glass sliding doors and it’s priced at $2,800,000 ($1,129/sq.ft.).

azure 206 for sale for $2.8 Million

PLEASE CALL US FOR A LISTING PRESENTATION

The Miamism Sales Team specializes in Azure and can represent you in the sale or purchase of a condo.  Please contact us Azure@Miamism.com.  We prepare monthly market reports to keep you informed of sales stats at Paramount Bay.

We are now also providing these quick services to help with your real estate needs:

CHECK YOUR CURRENT HOME VALUE

Condo Name:  Azure
Architecture:  Revuelta-architecture
Location:  9401 Collins Ave – Surfside, FL 33154
Contact:  azure@miamism.com