miami beach real estate

Miamism Photoblog
305.758.2323
Mar
16

Miami Spring Break 2015 – safety tips by Aquassurance

By: Ines Hegedus-Garcia on March 16, 2015

Aquassurance, a Miami lifeguard service company, brings us safety tips for this Spring Break Season!

Lifeguard Miami - Aquassurance

Miami Lifeguards and Spring Break

Who in the world wants to think about safety during Spring Break? Especially when you’re having fun in South Beach?  The truth is that somebody has to and now that they’ve done the work for you, just read.

Water – Sunblock – Valuables – Lifeguards – Marine Life and Alcohol

By the way, Aquassurance offers lifeguard services in all of South Florida.  They are “THE go-to lifeguards” when you have a private party or event.  From a small kiddie party in your own pool to big hotel events.  They are Miamism Endorsed!

(in the spirit of full disclosure, my oldest son founded  and owns the company and it has grown to be the main private lifeguard service company in Miami – proud mom, yes I know).

Mar
13

Why you need to invest in Miami real estate right now

By: Ines Hegedus-Garcia on March 13, 2015

Buy Miami Now - Miamism.com

Miami real estate is here to stay.  It’s not a passing movement, it’s not a bubble, it’s not a fad.  Of course it will have its ups and downs like any real estate market in the history of the industry, but there are exciting changes that make our city, Miami, the place to invest in NOW.  We, as Miami REALTORS, embrace those changes, feel privileged to be witness to this amazing growth, and are here to help you, our clients, understand the reasons to buy and invest in Miami now.

Miami is being called “The New Manhattan”, the “next big tech hub”, the “yachting capital of the world”, just to name a few.  Here are crucial points why Miami is growing in popularity, and why it’s more than just a winter escape, but be warned, there will be a lot of links to support what we’re saying.  Be ready to click away, read and then come back to us ready to buy.  We will help you determine where to buy according to your needs.

Miami as a Financial Hub

According to The Business Insider, Miami is already the 2nd most popular financial hub in the country after NYC  and refers to Miami as a financial gateway to the Americas.

Jennifer Odence from The Hedge IT Blog says that Miami is,

Currently home to over 60 international banks and 100 alternative investment companies, Miami and its busy Brickell Avenue has emerged as “Wall Street South,” and according to Forbes is luring many financial firms away from more traditional hubs such as New York and Greenwich, CT.

Miami as a Tech Hub

According to Fortune, Miami is making a different name for itself as a booming hub for technological innovation.  From large-scale technology conferences, Microsoft’s first U.S.-based “Innovation Center” in Miami, to start-up incubators opening up shop in Miami and organizations like the Knight Foundation who are investing in the build-out of the city’s entrepreneurial community.

And what about the idea of Miami being a tech hub of the Americas?  The Huffington Post tells us that,

The region in and around Miami has long pinned its financial fortunes on real estate and banking, but a combination of factors — the recent recession that shook those economic drivers coupled with an increase in cloud computing, the rapid growth of mobile devices in Latin America, and the area’s vast health care industry — now have civic leaders and local entrepreneurs making a push to diversify into the tech industry.

And lastly, we’ve told you about Richard Florida, founder of the Creative Class Group and his views of why Miami is more than just a vacation destination.  But Florida also tells us how start-ups are surging back in the urban cores of big cities including urban Miami.  Richard Florida states,

Read more here: http://miamiherald.typepad.com/the-starting-gate/2014/03/qa-with-richard-florida-on-tech-hub-movement-upcoming-start-up-city-miami.html#storylink=cpy

The past decade or so has seen the region become a fantastic destination for arts and culture. The whole area is beginning to attract a new generation of talented people in their 30s and 40s, who are far less tethered to their jobs. Digital technology enables them to work from anywhere and they are choosing Miami.  These people don’t just work in tech per se, they work in and are creating a wide range of businesses, many in the health and lifestyle sectors. Miami is really beginning to achieve in the lifestyle space.

Miami has lower taxes

Enough said, California and New York drive traffic and big businesses to Miami because of lower taxes, and Miami Today gives us examples.

Miami Shopping, Gastronomy and Culture

Art Basel embraces the artworld with the biggest international art event and has helped Miami’s transformation into a cultural hub .

And what about Miami as the Yachting Capital of the world?  In addition to The Miami International Boat Show, The Huffington Post reasons,

Factor in 3,000 hours of sun annually, and it’s obvious why this South Florida town would be the ultimate Stateside haven for a boat-up luxury lifestyle

And shopping is not just your regular shopping.  In addition to Bal Harbour Shops (the most lucrative shopping mall in the world), we have Miami’s Design District – a destination for luxury shopping and dining, headed by Craig Robbins, as well as Swire’s Brickell City Centre.

And talking about dining, we can’t forget the celebrity chef scene in Miami - from Michael Schwartz to Top Chef’s Jeff McInnis.

And when it comes to museums, we don’t just have the new PAMM, the list will impress you.

Miami as Top City in Wealth

Ocean Drive Magazine tells us why the world’s billionaires re staying put, but most importantly, Miami makes it into Knight Frank’s TOP CITY IN WEALTH report, and staying up there in their prognosticated next ten years.

Miami was also identified by Forbes as best places for business and careers.

Miami’s Infrastructure

A lot of money is being dumped into Miami’s infrastructure, from The Port of Miami in order to accommodate megaships from The Panama Canal, to The Port of Miami Tunnel just finished under Biscayne Bay.  We’re also seeing major work in Miami’s expressways by The Department of Transportation.

We can’t forget All Aboard Florida, the high-speed train that will connect Miami to Orlando; Or Miami Central Station which will serve as Miami-Dade County’s first all-inclusive ground transportation hub.

An important city is nothing without a great airport and Miami International Airport is undergoing a $6.4 Billion improvement project.

The City of Miami has also adopted a new zoning code guided by New Urbanism and Smart Growth known as Miami 21.  Miami 21 is a form-based code whose goals are to create neighborhoods by the interaction of buildings and streets, it promotes a sense of place and encourages walkability and has high emphasis on making everything compatible through orientation and design.

Starchitects in Miami

This is one of the most exciting for me because in addition to seeing Arquitectonica all over the place, we started seeing well-known architects like Herzog & De Meuron in the 1111 Lincoln Road parking garage, then Frank Gehry in The New World Symphony, and the much-anticipated 1000 Museum by Zaha Hadid.

But star power doesn’t stop there, huge architecture names like Carlos Ott, Enrique Norten, Norman Foster, Rem Koolhas, Richard Meier….the list goes on and on and the projects are magnificent! All making our Miami even better than it is today.

Miami as Top Beach City

And I left this one to the end because it’s sort of a “DUH” statement and it’s the main reason Miami has the popularity it has – perfect weather all year round and makes National Geographic’s Top Beach Cities List.


The Miamism Sales Team is ready to help you analyze your options in The Miami Real Estate Market and become your go-to REALTORS for everything Miami.  Nothing more exciting than being involved in the beginning growth stages of a great Global City.

Request a FREE market report or custom property analysis by contacting info@miamism.com or calling Ines directly at 305.206.9366

*originally published 9/24/2014*

Mar
13

Bal Harbor Real Estate Market Report for February 2015

By: Ines Hegedus-Garcia on March 13, 2015

Bal Harbor, Fl - Real Estate Market Reports by Miamism.com

There are currently 175  Bal Harbor condos for sale: (1 more than last month)

  • Highest priced listing: One Bal Harbour Penthouse (PH2604) for $27 Million  – 5 bedrooms / 5.5 bathrooms and 7,779 sq. ft. of living space
  • Lowest priced listing:  1 bedroom co-op at Brownstone Co-Op Apts for $219,900
  • Pending Sales: 18 (1 less than last month)
  • Closed sales in February: 13 (1 more than last month)

The 13 Bal Harbor Condos sold in February were the following:

  • The Palace - 10101 Collins Av #15C – 2 bedroom / 3 bathroom condo with 2,050 sq.ft. of living space.  Originally listed for $1.3 million in January of 2014 and selling for $1,125,000 ($549/sq.ft.)
  • Balmoral Condo at 9801 Collins Av had 3 sales averaging $593/sq.ft.
    • unit 4V – 2 bedroom / 2 bathrooms with 1,388 sq.ft. of living space.  Originally listed for $635,000 in November of 2014, and selling for $580,000 ($418/sq.ft.)
    • unit 11P – 2 bedrooms / 2 bathrooms with 1,688 sq.ft. of living space.  Originally listed for $749,000 in October of 2014 and selling for $620,000 ($367/sq.ft.)
    • unit PH2 – 2 bedrooms / 2.5 bathrooms with 2,010 sq.ft. of living space. Listed for $2 million in October of 2014 and selling for $2 million ($995/sq.ft.)
  • One Bal Harbour at 10295 Collins Av. had 2 sales averaging $1,285/sq.ft.
    • unit 216/17 – 2 bedrooms / 2.5 bathrooms with 1,587 sq.ft. of living space – listed for $1,185,000 in June of 2014 and selling for $1,290,000 ($813/sq.ft.)
    • unit 2408 – 4 bedrooms / 5.5 bathrooms with 5,266 sq.ft. of living space – originally listed for $11,275,000 in May of 2014 and selling for $9,250,000 ($1,757/sq.ft.)
  • Harbour House at 10275 Collins Av. had 2 sales averaging $515/sq.ft.
    • unit 426 – 1 bedroom / 1 bathroom with 896 sq.ft. of living space – originally listed for $385,000 in February of 2014 (with several price reductions and increases) and selling for $377,500 ($421/sq.ft.)
    • unit 417 – 2 bedrooms / 2 bathrooms with 1,056 sq.ft. of living space – originally listed for $739,000 in March of 2014 and selling for $642,000 ($608/sq.ft.)
  • Carlton Terrace – 10245 Collins Av #9A – 2 bedrooms / 2.5 bathrooms with 2,067 sq.ft. of living space. Originally listed for $839,000 in September of 2014 and selling for $670,000 ($324/sq.ft.)
  • Bellini Condo – 10225 Collins Av #1603 – 3 bedrooms / 4 bathrooms with 2,918 sq.ft. of living space – listed for $3,375,000 in October of 2014 and selling for $2,375,000 ($814/sq.ft.)
  • Bal Harbour 101 Condo at 10155 Collins Av. had 2 sales averaging $445/sq.ft.
    • unit 902 – 3 bedrooms / 3.5 bathrooms with 3,300 sq.ft. of living space.  Listed for $1,599,000 and selling for $1,550,000 ($470/sq.ft.)
    • unit 1005 – 3 bedrooms / 3.5 bathrooms with 3,340 sq.ft. of living space.  Originally listed for $1,850,000 in January of 2014 and selling for $1,400,000 ($419/sq.ft.)
  • Fifty Park Drive Apts at 50 Park Dr – 1 bedroom / 1 bathroom co-op with 733 sq.ft. of living space. Listed for $215,000 and selling for $208,000 ($284/sq.ft.)

Not only to Bal Harbour’s pricing vary drastically from building to building, but those prices also vary within buildings.  This is evident in Balmoral, for example, who had the most sales in February with an average per square foot of $593 (with the lowest at $367 and highest at $995).

The highest price per square foot sale in February for unit 2408 at One Bal Harbour which sold for $1,757/sq.ft. Pricing coming in similar to St. Regis, which is amazing and a great sale for One Bal Harbour.

To compare these sales to 2014 figures, please visit Bal Harbour Real Estate Market Update for 2014.

We added a new system to miamism.com 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 condo.

Call us Today for a listing appointment!

If you are interested in getting a list of all properties currently for sale in Bal Harbor or your particular building, 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 BalHarbor@miamism.com

 

Mar
11

JLo’s former Miami Beach home back on the market

By: Ines Hegedus-Garcia on March 11, 2015

Jlo's former miami beach home for sale

Jennifer Lopez’ former Miami Beach home was back on the market and off the market on the same day!- this time listed at $37.5 million.  The open bay, North Bay Road home located at 5800 North Bay Rd has quite a listing history. Price has increased and decreased in the past few years and went back on the market this month at the new listing price.

We can agree that although celebrity status is a nice perk when buying and selling Miami Beach homes, it is not totally necessary and the market speaks for itself.  We can see Lebron James’ house in Coconut Grove, for example, as one that has not sold – maybe because it’s overpriced and also because of location. Shakira’s home in Miami Beach, is yet another example that has not sold and recently pulled off the market.  What this means is that buyers are savvy and look for location and attributes, it’s not just about celebrity status.

JLo’s former house, purchased for $13.9 Million back in 2005, and the home has all the luxury and bells and whistles you would expect from a $37.5 million home – from wide bay views, 200′ of water frontage, a massive 52,000+sq.ft. lot, private dock, boat lift, and most importantly…impeccable design details for the most discerning buyers.

The marketing description reads as follows:

The ultimate European Contemporary Estate w/200 ft on wide Bayfront w/Miami Skyline views & glorious Sunsets! Sited on over 52,000 sf of exquisite gardens & swaying palm trees, this sophisticated estate was transformed w/impeccable style. Details abound w/2 story rotunda foyer, open living & dining rms open to bay & courtyard w/koi pond, wine cellar, media rm, master suite w/massive closets, gym, summer kitchen, dock/lift, large pool/spa & total privacy for the most decimating buyer. The best of the best!

Home Features:

  • 12,153 sq.ft. of living space
  • originally built in 1929 and completely remodeled and updated
  • 7 bedrooms / 8 bathrooms / 3 half-baths
  • 3-car garage
  • 184′ X 286′ Lot – 52,881 sq.ft.
  • 2-story – Mediterranean style home
  • elevator
  • guest/in-law quarters
  • pool and spa
  • koi pond
  • wine cellar
  • media room
  • summer kitchen
  • dock and lift

Here are some photos, courtesy of Zillow.com – If you are interested in this house or any other Miami Beach Home, please contact us to set up a consultation appointment.  We specialize in architecturally significant real estate as well as historic homes in Miami.

5800 N Bay rd - Miami Beach

5800 N Bay Rd - Miami Beach

5800 N bay rd - Miami Beach

Mar
09

Surfside Real Estate Market Report for February 2015

By: Ines Hegedus-Garcia on March 9, 2015

Surfside Real Estate Market Report

Surfside real estate market 2012

There are currently  26  Surfside homes for sale (4 more than last month):

  • Highest priced listing: $6,600,000 (waterfront contemporary estate at 1236 Biscaya Dr -  reduced from $6.9 million)
  • Lowest priced listing: $507,000 (8745 Abbott Av)
  • Pending Sales: 5
  • Closed sales in February: 5 (2 less than previous month)

The 5 Surfside homes sold in February were the following:

  • 9040 Abbott Av – 1,945 sq.ft. home with 3 bedrooms /2.5 bathrooms – listed for $648,000 in January and selling for $602,000 ($310/sq.ft.)
  • 9173 Carlyle Av – 1,850 sq.ft. home with 3 bedrooms / 2 bathrooms – listed for $598,000 in December of 2014 and selling for $605,000 ($327/sq.ft.)
  • 8942 Garland Av – 1,600 sq.ft. home with 3 bedrooms / 2 bathrooms – listed for $597,000 in December of 2014 and selling for $575,000 ($359/sq.ft.)
  • 9024 Byron Av – 1,706 sq.ft. home with 2 bedrooms / 2 bathrooms – listed for $489,000 in December of 2014 and selling for $442,500 ($259/sq.ft.)
  • 9033 Abbott Av – 1,729 sq.ft. foreclosure with 3 bedrooms / 2 bathrooms – listed for $451,800 in December of 2014 and selling for $562,800 – ($111,000 higher than listing price!!) ($326/sq.ft.)

The average selling price per square foot for Surfside homes in February was $316, compared to January’s average of $321 and 2014′s average of $324.  Please refer to  Surfside Real Estate Market Report for 2014 to look at the whole year’s stats.

Although numbers may fluctuate slightly from month to month, Surfside continues to appreciate and demand is higher than ever because of the low inventory.  You know what happens when there’s high demand and low supply… prices go up!  We continue to see multiple-offer scenarios specially with corner properties and those with 4 bedrooms.  Keep this in mind because you will need a clear strategy whether you are buying or selling.

We added a new system to miamism.com 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 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

**We also have some unlisted opportunities in Surfside and other areas of Miami, contact us for more info**