As your Downtown Miami Real Estate Specialists, we present to you our monthly Ten Museum Park Real Estate Market Report for the month of October. Call us if you are considering buying or selling at Ten Museum Park.
Ten Museum Park – current Listings
There are currently 18 Ten Museum Park residences for sale: (Compared to 20 in September)
- Highest Priced Listing – $1,899,000 for a 3 level PH loft with 3 bedrooms and 3 bathrooms and 2,581 sq.ft. of living space (residence 4207)
- Lowest Priced Listing – $359,500 – residence 1205 – 791 sq.ft. – 1 bedroom / 1.5 bathrooms
Ten Museum Park – pending sales
There are currently two properties under contract at Ten Museum Park.
- Unit 1501, which we told you about last month, has not closed yet. It was listed for $1,026,000 in May and reduced to $989,000 in August. It has 1,946 sq.ft. of living space, 2 bedrooms / 2.5 bathrooms and 2 parking spaces.
- Unit 2802, originally listed for $975,000 in April, then raised to $1.2 Million in June and reduced to $1,090,000 in October. It has 1,802 sq.ft. of living space, and 2 bedrooms / 2.5 bathrooms.
Ten Museum Park – October 2015 Sales
There were no Ten Museum Park sales in October, compared to 4 sales in the previous month.
Ten Museum Park – Building Features
Ten Museum Park is a boutique, luxury condo development located at 1040 Biscayne Boulevard in Downtown Miami, directly across the street from the newly opened Museum Park and The Miami Airlines Arena.
- 200 total units – each with 10-foot or 20-foot floor-to-ceiling glass windows
- 50-story development
- completed in 2007
- Developer: Covin Development
- Architect: Chad Oppenheim
- Amenities include: a full-service spa with steam room, snow room, and treatment rooms; state-of-the-art fitness center; spin studio/yoga room with class offerings; 24-hour, full-service concierge; pool deck with resistance and plunge pools, lounge chairs, and hot tub; 24-hour valet parking; and on-site building management.
- pet-friendly for both owners and renters (up to two pets with a maximum combined weight of 100 pounds)
PLEASE CALL US FOR A LISTING PRESENTATION
The Miamism Sales Team specialized in Ten Museum Park and can represent you in the sale or purchase of a condo. Please contact TenMuseum@miamism.com
To sign up to our monthly Home Trend Reports, go to MiamismTRENDS.com and fill in your information.
Condo Name: Ten Museum Park
Architecture: Chad Oppenheim
Developer: Covin Development
Location: 1040 Biscayne Boulevard, Miami, FL 33132
Fisher Island is no stranger to Forbes’ 2015 list of America’s Most Expensive ZIP Codes, on the contrary, Fisher Island has been a regular participant in previous years. This year, 2 other Miami neighborhoods made it to the infamous list.
America’s Most Expensive ZIP Codes – Methodology
Forbes has worked with the housing market data provider Altos Research on this list for several years. Our ranking is based on asking prices rather than closed sales. We believe the former is in many ways is a better barometer of the current market — the sample size for sales prices is smaller and the data is older given the time it takes for transactions to close or become public.
Altos looked at prices of single-family homes and condos in 28,500 ZIPs (which covers 95 percent of the U.S. population), calculating a median, rolling average for the 90-day period ending Oct. 9. For each ZIP code, prices are weighted according to the mix of housing stock available in the market.
#6 – Fisher Island 33109
Miami’s Fisher Island has one of the highest per-capita incomes in the U.S., so it’s not surprising that it also has some of the most expensive real estate.
Median home price: $5,560,077
Average days on the market: 147
#28 – Coral Gables 33156
Median home price: $3,861,604
Average days on the market: 258
#35 – Coral Gables 33143
Median home price: $3,861,604
Average days on the market: 117
Although it’s great news that Miami makes it to the top 50 list, there’s something about this list that favors those tiny enclaves around the country. There are many zip codes in Dade-county that contain several cities/neighborhoods and therefore don’t make the list because of the disparity in price ranges. It’s a zoning and urban planning issue and we should not misconstrue this information to mean that the most expensive homes are only in these areas. Like everything in life, take this information with a grain of salt.
Keystone Point Real Estate Market Report
There are currently 34 Keystone Point homes for sale (compared to 35 in September):
- Highest priced listing: $5,290,000 (open bay Mediterranean estate located at 12485 Keystone Island Dr)
- Lowest priced listing: $495,000 – 3/2 with 1,412 sq.ft. at 1965 Alamanda Dr
- Pending Sales (properties under contract): 7 (compared to 4 in September)
- Closed sales in October 2015: 1 (compared to 7 in September)
The Keystone Point home sold in October was for the dry-lot property located at 1850 Keystone Blvd. It was a 3 bedroom/ 2 bathroom home with 1,720 sq.ft. of living space and a 10,198 sq.ft. lot. It was listed in August for $749,000, was under contract in 2 weeks and closed for $735,000 ($427/SF)
Seeing only one sale last month may lead you to believe the market has slowed down, but the problem is the lack of inventory. Today’s educated and discerning buyer is willing to pay a bit more, but they are looking for good floor plans that make sense, and homes in good, move-in condition.
Keep in mind that the average selling price per square foot in Keystone Point in September for dry-lot (non-waterfront) homes was $336. (compared to the one sale in October for $427/SF).
Past averages in Keystone Point are as follows:
- September $455
- August $414
- July $396
- June $411
- first 1/2 of 2015 $438
There were no waterfront sales in Keystone Point in October.
Call us if you are thinking about buying or selling in Keystone – we’ll be happy to provide a no obligation consultation for your home.
Keystone Point House of The Month
The Miamism Sales Team recommends the Keystone Point home located at 12990 Biscayne Island Te. This waterfront home was built in 1959, has 4 bedrooms / 3.5 bathrooms, almost 4,500 of living space and a 12,500 sq.ft. lot. Features include: renovated, gourmet kitchen, contemporary design, big master suite area, summer kitchen, pool and straight access to the bay with no fixed bridges.
The asking price is $2,250,000 which is $508/sq.ft. It’s been listed since August and also on the market for rent for $11,000 per month.
Please call us to coordinate a showing appointment of this or any other Keystone Point home.
To sign up to our Home Trend Reports, go to MiamismTRENDS.com and fill in your information.
Call us Today for a listing appointment!
If you are interested in getting a list of all properties currently for sale in Keystone Point, 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 Keystone@miamism.com
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I am honored to share with you my recent interview by Orlando Montiel, from The Montiel Organization and responsible for the popular and prestigious, Miami Real Estate Show.
Orlando has achieved an amazing reputation locally with the Miami real estate industry because of his willingness to help other professionals grow and his passion for empowering others to become their best. Orlando wears many hats including real estate broker, financial advisor, and coach, but most importantly, is a true leader admired by many.
I attended a few of his coaching sessions at The Miami Association of Realtors and became an instant fan. Then we shared the stage at the real estate panel during Social Media Week in Miami when he asked to interview me because of my success with social media.
Although I don’t really share industry news on Miamism and I know that you, as our readers, are consumers and not agents, I wanted to share this so you know a little about how we use the medium and how we’re used as examples nationwide and even internationally.
Let us know what you think!
This week in the MIAMI REAL ESTATE SHOW, Orlando Montiel interviews one of the most influential Real Estate agents in Social Media, Ines Hegedus-Garcia, editor in chief of Miamism.com, Architect & Miami Beach realtor with RelatedISG International Realty.
Ines and her Miamism team became one of South Florida’s first realty teams to capitalize on Internet Marketing. This year alone Ines is projected to close more than $50 Millions in sales, about 80%, which came from Social Media.
The following are some of her professional accomplishments:
During this interview you will learn:
- How to build a strong relationship with clients using Social Media.
- Which platforms perform better.
- How to implement blogging as one of your marketing strategies.
- Importance of applying a/b testing.
- Best strategies to apply when creating content.
- The importance of Social Media in the Real Estate industry.
Great insights from this interview:
- “Consistency is the key to build a strong appearance in Social Media.”
- “It’s all about knowledge and how you use the tools.”
- “If you write about business you don’t want, you’re going to get the business you don’t want, so don’t write about those.”
This interview is brought to you by:
Contact: Ines Hegedus-Garcia at 305.206.9366 or mail to: firstname.lastname@example.org
Surfside Real Estate Market Report
There are currently 29 Surfside homes for sale (compared to 22 in September):
- Highest priced listing: $6,950,000 (contemporary waterfront property at 1292 Biscaya Dr)
- Lowest priced listing: $565,000 (8846 Harding Ave)
- Pending Sales: 8 (same as last month)
- Closed sales in October: 2 (compared to 2 in September)
The 2 Surfside homes sold in October were the following:
- 8834 Dickens Av – Foreclosure with 3 bedrooms / 2 bathrooms, 1,811 SF, built in 1953, 5,600 SF lot – listed for $620,000 on August 12th, under contract by August 24th and closing at $705,000 ($389/SF)
- 8927 Byron Av – 3 bedrooms / 2 bathrooms, 1,915 SF, built in 1951, 5,600 SF lot – listed for $729,000 in July, increased to $750,000 in August and closing at $750,000 ($392/SF)
The average selling price per square foot for Surfside homes in October was $391 compared to last months:
- September $370
- August $350
- July $368
- June $328
- May $355
- April $347
- March $363
- February $316
- January $321
- 2014’s average was $324
Surfside Homes continue to appreciate and it’s evident each month. Demand is high and supply is low and although this quaint neighborhood is composed mostly of smaller homes on smaller lots, the interest is high because of Surfside’s location and amenities.
There are a few multi-million waterfront homes for sale and those don’t have as much demand as the rest of the market, but they are still amazing properties.
Call us if you are thinking about selling or know of someone who is, since we are Surfside Real Estate Specialists. We will do a no-obligation consultation to let you know the value of your home in its current condition and will make recommendations of quick updates to sell for top dollar.
Surfside Home of The Month
Miamism Sales Team features the Surfside home located at 1292 Biscaya Drive. Here we have a new contemporary, waterfront home (some would consider this bay front), built in 2005, with almost 7,000 SF of living area, on a 9,750 SF lot.
This property has 50′ of water frontage and is located on the southernmost tip of Surfside, on The Isle of Biscaya.
Asking price is $6,950,000
Please contact us for more information and we will also be happy to arrange a showing appointment.
To sign up to our Home Trends Reports, go to MiamismTRENDS.com and fill in your information.
Call us Today for a listing appointment!
If you are interested in getting a list of all properties currently for sale in Surfside, 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 Surfside@miamism.com
Search for Surfside Homes