UPDATE on RIVA Bay Harbor! The project is now 70% SOLD! The remaining inventory varies between models and designer-ready residences and range in price between $1.31 and $1.699 Million. All units have water views and are flow-through. This is not a pre-construction building – it is ready for you to occupy today.
Contact us today to schedule a showing appointment, you will be in complete awe of this building!
Miamism.com would like to present one of our favorite new condos in Miami. This one is a small-scale, boutique building in Bay Harbor Islands with perfect features and amenities, but most importantly, understated elegance that will make you fall in love.
Riva Bay Harbor design
Riva Bay harbor is a 7-story development with 25 residential units, featuring 3 and 4 bedroom residences that range in size from 2,300 to 3,400 square feet (230-340 square meters). All units are flow through facing east and west and have wrap-around balconies ranging from 400 to 2,700 square feet. All residences, without exception, have water views.
It was designed by Frankel Benayoun Architects, Inc., who I confess I did not know before this, but was impressed by the distribution and flow of space. The facade is modern and understated and interior design of the common areas was done by Sam Robin with a unique nautical theme that is so appropriate for Miami.
Riva Bay Harbor location
If you are not familiar with The Town of Bay Harbor Islands, you should be. It has a central location with easy access to both Miami and Fort Lauderdale International Airports. It is walking distance to the beach as well as easy access to the mainland through the Broad Causeway Toll Plaza. It is a dynamic community of fine homes, luxury condos and apartments with a popular downtown area with offices, restaurants and shops.
But my favorite things about Bay Harbor Islands are:
Riva Bay Harbor is located on the southwest corner of the east island with views of luxury residences across the canal and exclusive Indian Creek Island and golf course to the south. You can literally walk across the street to the school and will have views of both sunsets and sunrises from your own residence.
Riva Bay Harbor Amenities
- State-of-the-art fitness center
- 24-hour security
- 24-hour concierge services
- private boat slips available
- secure garage with valet parking
- rooftop pool and jacuzzi with panoramic views of
- the atlantic ocean
- downtown Miami
- indian creek country club
- AND Biscayne Bay
- private entry elevators foyers
Riva Bay Harbor pricing
Riva Bay Harbor is a finished building ready for you to move in – so no need to wait months with current pre-construction projects. You can purchase a designer ready residence waiting for you to apply perfect finishes that fit your needs, or you can also purchase some model units with interiors by Steven G, SOJO and/or Artefacto.
Prices of left over inventory range from $1.1 to $3 Million with maintenance fees of approximately $.70 per square foot which include all amenities (valet parking, 24-hr security, common areas and concierge services).
Contact us for floor-plans, specific information or to schedule an appointment. Or you can also email us at RivaBayHarbor@miamism.com
Condo Name: Riva Bay Harbor
Architecture: Frankel Benayoun Architects
Interior Design: Sam Robins
Location: 9400 W. Bay Harbor Drive, Bay Harbor Islands, FL 33154
There are currently 21 Surfside homes for sale: (same as last month)
- Highest priced listing: $4,450,000 (waterfront estate at 1292 Biscaya Dr)
- Lowest priced listing: $465,000 for a 3 bedroom / 2 bathroom home at 8811 Emerson Av.
- Pending Sales: 9 (2 less than last month)
- Closed sales in September: 6 (1 more than last month)
The 6 Surfside homes sold in September were the following:
- 9344 Bay Dr – waterfront Mediterranean style residence listed for $2,350,000 and selling for $2,250,000 ($491/sq.ft.)
- 9364 Bay Dr – waterfront foreclosure listed for $1,512,500 and selling for $1,700,000 ($367/sq.ft.)
- 9041 Froude Av – originally listed in April of 2014 for $659,000, reduced to $649,000 in July and selling at $616,000 ($331/sq.ft.)
- 8975 Abbott Av – listed for $510,000 and selling for $470,000 ($315/sq.ft.)
- 8866 Abbott Av – bank owned foreclosure listed for $465,900 and selling for $465,900 ($241/sq.ft.)
- 9532 Abbott Av – listed in August for $440,000 and selling for $460,000 ($313/sq.ft.)
The average selling price per square foot for Surfside homes in September was $300 which is considerably lower than August’s average of $328 but in tune with the $287/sq.ft average this year and 2013′s average of $270.
Surfside remains to be in high demand with conservative appreciation of home values. There are driving condo projects on the ocean side that are clearly affecting condo values in a positive way – projects like The Surf Club by Richard Meier and Fendi Chateau Residences are clear examples.
We are Surfside REALTORS, ready to list and market your property! Call us for a listing appointment.
We are now also providing these quick services to help with your real estate needs – your email address will be necessary to get the reports.
CHECK YOUR CURRENT HOME VALUE
GET A FREE SELLER GUIDE
NAME YOUR SELLING PRICE
To sell or buy your Surfside home, please contact us at Surfside@miamism.com
We totally expected this, just didn’t know when it would happen and for how much. Ex-Miami Heat, LeBron James, is officially selling his Miami home for $17 Million. His last words to Miami, before leaving to go back to his home town were:
Miami, for me, has been almost like college for other kids. These past four years helped raise me into who I am. I became a better player and a better man. I learned from a franchise that had been where I wanted to go. I will always think of Miami as my second home. Without the experiences I had there, I wouldn’t be able to do what I’m doing today.
So here’s the dirty details on the home (and they are not at all dirty):
- It is located in the 33133 zip code just north of Coconut Grove – address provided only to serious interested parties for privacy reasons.
- Crystal View subdivision
- Built in 2010
- 12,178 sq.ft. of living space
- 19,941 sq.ft. lot
- 6 bedrooms / 8 bathrooms / 1 half-bath
- open bay location with 85′ of water frontage
- chef’s kitchen
- wine cellar
- custom theater
- guest quarters
- rooftop sun deck
- summer kitchen
- infinity pool
- private dock
- state-of-the-art security system
The listing description reads:
Overlooking the open bay, the King’s palace is the most opulent estate in Miami. The contemporary compound features chef’s kitchen,
sommelier’s wine cellar, office, custom theater, generator, guest home & private master rooftop sun deck. Glass doors open to covered
terraces throughout. Luxurious outdoor living; summer kitchen, 4500 sf entertainment space, infinity edge pool & concrete dock for two 60′
yachts. Walled, gated private estate with state-of-the-art security system, security quarters & more.
LeBron bought the house in 2010 for $9 Million and we do understand the market has appreciated a bit and we also understand that the home now has “celebrity standing”, but that’s an $8 Million profit in 4 years! Good Luck Mr. and Mrs. James, your neighbors will miss you but will love you more when you sell for that much!
Contact us for a showing appointment – pre-qualified buyers only, you know the drill.
Here are some photos courtesy of Realtor.com
Miami Shores Homes – Real Estate Market Report
There are currently 79 Miami Shores homes for sale: (6 more than last month)
- 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 $109,900 (301 NW 104 St – West Miami Shores) – foreclosure
- Pending Sales (Properties under contract): 39 (2 less than last month)
- Closed sales in September: 15 (7 less than last month)
The 15 Miami Shores homes sold in September ranged from $215,000 for a bank owned foreclosure at 272 NW 111 Terrace, to $3,100,000 for the bay front home located at 9999 NE 13th Ave, which sold for $789/sq.ft. That was the only waterfront sale in Miami Shores in September and Miami Shores bay-front homes continue to show a price increase because of the lack of inventory. The average price per square foot in September for Miami Shores homes was $235 compared to August’s average of $214. The highest sale for a non-waterfront home in Miami Shores is September was $354 for the meticulously renovated mid-century modern at 790 NE 97 St.
The average sales price in the first 1/2 of 2014 in Miami Shores was $223 which is slightly higher than 2013′s average of $215.
We can see a slight increase in inventory and we have gotten quite a bit of calls for sellers ready to list their homes at astronomically high prices. Remember that buyers are educated and unless you are selling a product that is amazing and one-of-a-kind, gross overpricing is not a good idea.
Call us for a listing appointment.
It is a seller’s market, which means any agent can sell your home, but not every agent can get you the most money for your property. We specialize in marketing your property to maximize exposure and gains. This seller’s market will not last forever and we estimate about 18 more months before the real estate market stabilizes and possibly drops a bit.
CHECK YOUR CURRENT HOME VALUE
GET A FREE SELLER GUIDE
NAME YOUR SELLING PRICE
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
For information on an off-market property in Miami Shores, please contact us directly – bay front lot for sale for $2.5 million with approved site plan by the City of Miami Shores. It is not in the MLS
Real Estate is about relationships and emotions. It may be a little hard to swallow since there are plenty of people who buy and sell real estate as often as they change underwear. But the truth is that those people are not the norm and most real estate transactions are intricate because of the emotions involved.
As real estate professionals we just don’t sell Miami Beach homes by volume and hope to make our ˜quota at the end of the year, we assess your needs as our clients in order to help you identify properties to buy or sell.
It is our job to ask the right questions and spend some time with you to help you make key decisions. It is important for you to feel comfortable with us and to trust us. I think you would agree that strong relationships are based on trust. The more you are willing to share with us about your lifestyle and your expectations, the better equipped we will be to help you.
We are currently working with some awesome Miami condo buyer clients from Massachusetts and after communicating back and forth by e-mail and meeting them for the first time, this is what they had to say,
Thank you, Ines, for your time, advice, and patience. It was truly a pleasure to meet you, hang with you, and explore possibilities with you…You did a great job of matching us with a potential property. That’s a real talent. Thank you
Relationships can be tricky, you only need to look at the divorce rate in the US to get a clue. So picking a Miami Realtor can be just as difficult. Most people will need “chemistry” to occur, and not all personalities will be a good match. I can confess that we have worked with clients where there was an awkwardness about the experience that wasn’t comfortable. I can also confess to telling clients that I could not help them and it would be better if they found another Realtor.
Rick and I will not work with people who don’t trust us or don’t appreciate what we do and that’s what makes our business so successful. We have a sense of humor and we like to have a little fun. We also know when to put our serious hats on and work for your best interest. We will be brutally honest and will go out of our way to help you, as our client.
So the next time you are surfing the web looking for Miami properties and curious about a Miami Beach Realtor, research their competence level, their exposure on the web, their Web2.0 knowledge, and their experience, and don’t forget to dig a little further to know if you will get along with them and will have a perfect “match”.
*originally published April 30th, 2008*