Miami preconstruction condos

Over the past couple of years, the Miami area has been going through a real estate renaissance, a real boom in the market. The sales of the units in all South Florida locations, and especially in Miami area has been quite brisk, and that led developers to building even more towers and adding more units to the market. Again, they continued, and they continue, to sell very well. In fact, there have been tens of thousands of new units proposed in the region since the boom started a couple of years ago in 2011. They’ve already sold close to 10,150 of the new proposed units just in the latest boom and they keep on selling. (view pre-construction Miami condos here)

Sales Stronger than the Past

Currently, there are 16,200 preconstruction units in the marketing and presale phase, and the number sold represents about 60% of the total. The other condos that are on the horizon and that have not yet started marketing and presales are still getting potential buyers excited, and it appears that the sales for the remaining units, and new units, will continue to go well.

One of the interesting things about the sales today is that the sellers of these preconstruction condos will generally require a number of deposits that will total about half of the overall purchase price. This is interesting because before the recession, the buyers were only required to put down a fraction of this amount – as low as 10% much of the time. This caused more buyers to put down money, although they may not have had the means to necessarily follow through and buy the home, which caused some issues, as one would imagine.

Higher Deposit Requirements Are a Good Idea

The requirement for the higher deposits makes more sense today, and it helps to keep the overall market much safer. Buyers who can pay the larger deposits have more of an interest in the property, and it tends to mean that they are economically capable of actually buying the home. Even though the construction deposits are higher today, when one looks at the demand and the excitement to buy in the area, it seems as though the higher prices have done nothing to slow down the purchases.

Reports say that 23 new condo towers going up in the area have already sold out, and that another 25 towers are reporting that they’ve sold about 90% of the units they are building. The enthusiasm is certainly still there when it comes to buying in South Florida.

How long will this boom last and how long will people still be willing to buy? While it is hard to predict exactly what will happen with the real estate market, things really are looking good in the South Florida area, and this does not look as though it will change anytime soon. The buyers still seem to be there and they still seem to be on the hunt for great properties whether they plan to live there, vacation there, or rent the units out as an investment property.

Our team specialized in Miami’s finest pre-construction condos. Please contact Lana Bell today for a consultation – (305) 336-0457


preconstruction condos miami

Many Canadians and Europeans love flying south for the winter and staying in those beautiful, warm locales that their home country simply can’t offer. While some are content simply taking a vacation and renting properties, a growing number are actually looking to buy. The interest rates are still quite low, and it does make more sense to buy a home, or a vacation home, right now. However, those who want to buy a property in Miami Florida should know a few things before they start making their purchase.

What’s the Market Like Now?

Just a couple of years ago, the real estate market was in trouble and crashing fast. It was a terrible time for all real estate owners, but, as time showed later, a great time to buy. However, not many could afford, or wanted to buy a property in a crashing market. Times have changed to exactly the opposite. Now, everyone wants to buy and regret that they didn’t buy when the market was at it’s lowest. Don’t feel bad, not many could do this from a physiological point of view. It takes guts and cold mind to buy properties in an unstable market. However, those who have done it got rewarded royally.

Today, the rates are still very low and buyers should take advantage of that, because no one knows just how long these low rates will last, and as the economy recovers, the price of homes is starting to go up along with it. After all, the price of homes generally relates to what the market can bear and tolerate. What does this mean for buyers? It means that buying sooner rather than later is likely to be a very good idea.

Florida has always been popular with the snowbirds from the northern reaches of the United States as well as Canada, and that will not change. In fact, it’s likely that more and more people will start considering buying in Florida because of the quality properties. This means that all current pre-construction condos in Miami (view here pre-construction condos Miami) could be gone sooner than potential buyers might imagine. Look at 2013 as an example of how popular Florida is. During the last year, Canadians have been buying warm climate properties in droves. California accounted for about 8% of the purchases, followed by Arizona with 24%. Florida accounted for 39%.

What Do Canadians Need to Know When Buying?

When a Canadian wants to buy a home in the U.S., the process is a bit more complicated. Therefore, it is important to work with a real estate agent, as well as a mortgage broker, insurance agent and an attorney who understands those complexities and have experience with foreign citizens. You will also need to get in touch with a tax attorney as well, who can help you to understand how the Canadian and U.S. tax laws will affect you and your purchase.

Some Canadians purchase their homes with cash, and may be better off working with RBC Banks. Again, you have to make sure that you are working with banks that have experience in foreign home purchases. Otherwise, you could run into more complications down the line.

Today, Miami pre-construction condos offer luxury, location and care-free lifestyle for vacationers as well as permanent residents. Just make sure that you align yourself with the right team to make buying the home as easy as possible for you. Also, remember that you want to start buying now, so you have the choice of the best properties!

Our team consists of highly specialized professionals including top-producing realtor Lana Bell, at attorney who specializes in foreign buyers, professional mortgage brokers and more. Call One Sotheby’s International Realty office to speak with one of our realtors, or call Lana today – (305) 336-0457.


Sunny Isles Condos for sale

Sunny Isles Beach Miami Florida is one of the most popular places in the country for those who are looking for high quality properties. The sales in the area are quite brisk and the homes are never far from the beaches, and it is just a short drive to Miami and Fort Lauderdale airports. The location, the weather, and the abundance of great properties combine to make the area one of the most sought after locations. Of course, those who are thinking about moving to the area, or buying a vacation home or investment property in Sunny Isles would probably like to know what types of housing styles are available.

Home Styles for Every Need

One of the things that most people notice is the Sunny Isles Beach skyline and the sheer number of high-rise condominium towers located right on the sand of the Atlantic ocean. It’s certainly true that the towers are some of the most prominent forms of housing in the area, however, there are also private single family homes in Sunny Isles Beach as well.

As for the styles of those single-family properties, they vary widely, even in the relatively small area of Sunny Isles called Golden Shores http://www.sunnyislesmiamirealestate.com/Sunny-Isles-Beach/Golden-Shores/(click here for Golden Shores properties for sale). Many of these residences are along the waterfront, or at least very close to it, given the layout of the island. Some of the homes are relatively simple single story affairs, while others are large, grand estates with gated entrances that look as though they would fit right in among homes in Bel Air or Beverly Hills.

While it is possible to find single-family homes in the area for different budgets, the predominant housing style is certainly the condominium. Many wonderful options are always available along the likes of Collins Ave. and Atlantic Blvd. What is it that makes them so popular?

For starters, the condominiums are in large towers of varying sizes, which means more people will be able to live on a smaller plot of land since the developers build upwards rather than outwards. This also means that people who move into the tower will have great waterfront living and ocean views. If there were only single-family properties, far fewer people would be able to enjoy the area.

The towers all have their own unique and very distinct architectural style, too. They vary in size and they can work well for just about anybody – young couples, single people, retirees, families, etc. Whether they are buying as a permanent residence or they are simply buying for a vacation property, plenty of fantastic options await. (To view Sunny Isles Condos for sale CLICK HERE)

Most of the condominiums have been built after the year of 2000 and have a very contemporary and modern style to them, with a number featuring a flow through design that keeps the space nice and open. They tend to have balconies, as well, which allows everyone to enjoy the views even more. Take the time to start exploring all of the different options available and see if you can find something that suits your aesthetic sensibilities along with your budget. In Sunny Isles, there is a property that is right for just about everyone.


Miami Luxury Homes for sale

What do wealthy people want when they are buying a property? Naturally, they want many of the same things that everyone else does – a quality home in a good, safe neighborhood. However, according to a survey conducted by Sotheby’s International Realty, they want some very specific things when it comes to their dream homes, which they are actually able to afford. The survey took information from rich buyers in four different countries – Brazil, China, the United Kingdom, and the United States.

The Features of a Great Home According to the Affluent

The survey found that the wealthy in those different nations had slightly different ideas of what would constitute the perfect property. Namely, those who were from Brazil wanted a smart home, which is a home that features lighting, heating, and electronic devices, such as a television that you can control through a computer, tablet, or even a smartphone.

Those who were in China wanted a home that had plenty of space for a display of various types of art collections. Those in the United Kingdom had a penchant for properties that had some type of historic significance. Those who were in the United States wanted a lifestyle property that was on the waterfront. They also wanted to have a large enough garage for a collection of cars, and they even wanted to have input into the design of the home.

It turns out that homes on the water are actually rather important for most people who want to buy a new home, and who have the money to buy the type of property they want. As they say with real estate, it’s all about location, location, location. Being near the water was one of the top requirements, or desires, of people in all of the surveyed countries.

Of course, in addition to the location and the features of the home, wealthy buyers also wanted something that would give them a good return on their investment. The ROI was a key factor when it came to choosing a property. Those who are wealthy know how to stay wealthy and make money, so they tend to put their money into properties that are going to help make them money if they sell down the line.

Many said they did not intend to sell a few years later though. Instead, they were looking into buying legacy homes, which are homes that they could pass down through their family.

Luxury Leads the Way

Several years ago, the real estate market took quite a hit, and it has taken some time for it to start to recover. One of the big factors of recovery during that time though was the luxury market. Many wealthy buyers were still able to buy during those lean years, and they found that it was actually a good investment to do so.

The South Florida region was one of the areas that had suffered during that time, but things are going quite well in the area now. In fact, many of the homes in Miami, Sunny Isles, and nearby neighborhoods fit in quite well with the desires of the wealthy, at least according to Sotheby’s survey.

To view most expensive homes in Miami please following this link


SLS Brickell Miami

It can be difficult to understand the real estate market and the various fluctuations it goes through, even for those who are in the business. One of the interesting trends that realtors have seen in the area of Brickell lately is a sudden growth in demand for properties. While this is certainly welcome news, the desire for properties in the area grew quickly, and with the demand came higher prices for properties. The increased prices and demand are certainly huge changes from the recession that rocked the area a few years ago.

Price Fluctuations

Just a few years ago, no one was looking to buy in the area, simply because no one could afford to buy, thanks to the recession. The entire real estate industry was in a shambles, and it hit Miami and the Brickell area quite hard. Today, investors from the United States and from many other parts of the world are scooping up properties in Brickell almost as fast as they can find them. Naturally, the increase in demand pushes those prices higher and higher. (view all Brickell condos here)

Even though the prices are already as high, or higher, than their pre-recession counterparts were in some instances, many feel that the high prices will not last forever. They will likely hit their peak soon and will not go up from there, simply because the market, even the luxury market, will not bear it. The market is strong right now, and there are a number of foreign cash buyers, which help to keep it strong.

Though the newer units are selling quickly, experts also feel that there is quite a bit to explore and enjoy in the realm of resale units. Condominium owners who already have their unit and who are looking to sell – perhaps to buy a new property – can do quite well right now. Since the demand for units is on the upswing again, and the prices are going up, it means that those sellers who have exceptional units in buildings already up could see a nice advantage.

Buying Now With Resale Properties

One of the problems that some buyers have with buying presale units is the fact that it could take a year or more before they are actually able to move into or rent out their unit in those new construction towers. While the properties are certainly nice, many buyers are impatient. They want to move to the Brickell area right now. They also know that the area is popular, which makes renting fast and easy most of the time. The best way to do that is to start looking into the current properties for sale.

Buyers certainly have a larger number of options when it comes to what they choose to buy in the Brickell area, but they need to realize that right now the buys come at a premium. The prices are high, but they will likely be peaking soon. Now is a good time to look into what Brickell offers in terms of new and resale units. For more information please click here to view all Miami downtown condos for sale.


Brickell new condos

Recently, a company called Watson Investigations purchased a small restaurant building located at 842 Southeast First Ave for the price of $7 million. Interestingly, the property is near the site of a 34,000 square-foot building that the company also recently bought, although they purchased that building through bankruptcy court in July of last year. The current business occupant of the restaurant they recently bought is Chicken Kitchen, a popular local eatery.

Ambassa Holdings sold the 8,000 square-foot property to Watson for the $7 million price tag, which was far higher than what they paid for it just ten years ago. When Ambassa originally bought the property, they paid $1.9 million for it. This most recent transaction closed on the 30th of April and the county recorded it on May 2. Watson has ties to CMC Group, run by Ugo Colombo. While much of this is speculation right now, many feel that Vladimir Doronin and Ugo will be using the land that they bought to eventually develop and start building another condominium tower.

Can the Area Sustain a New Tower?

One of the questions that some people will ultimately have if they do reveal plans for a new tower is whether the South Florida area can really sustain another one right now. Already, the area is rife with these towers, and more go up each year. One would be forgiven to think that it might be reaching the saturation point. However, it’s important to look beyond that and to look at the actual numbers.

People go gaga over Brickell condos (click here to view all Brickell condos for sale), as well as the other nearby areas that offer close proximity to the beach and everything else that Miami has to offer (click here to view all Miami Beach condos for sale). People are always looking for properties here, and more than just U.S. buyers have an interest. Many foreign buyers, including those from Canada, China, and Russia all love the idea of having a property in the area. Consider also that just because people own a unit at one of the towers, it does not mean they live there year round. Some use the properties as a vacation spot. Others choose to use the property for investment, and they rent it out to vacationers during the peak months.

Given the popularity of the area, it is quite likely that the area will certainly be able to handle more towers. There does not appear to be a slowdown in interest at all. The crash of 2007 still leaves a bad taste in the mouths of many, but times are different today, and people are actively watching for similar situations to arise so they can sound an alert. The chance of the same thing happening again is slim.

If they do go ahead and start planning another tower, you can also be sure that it will not be approved or go under construct for a number of years. There is no reason to start worrying that there are too many towers in South Florida. Instead, embrace it and start looking for your own condo.


Bal Harbour shops

Bal Harbour Shops has a reputation as a mall with high-end shops and boutiques that easily rivals any other mall or shopping destination around the country. Even shopping areas such as Rodeo Drive have a hard time coming close to what you can get in this South Florida mall. They already have some of the most expensive and exclusive shops in the world, and it seems as though they might be getting ready to add yet another one to their list. It appears that the famed Barneys New York could well have a place in the expanded mall very soon.

The store seems to be quite interested in aligning with Bal Harbour Shops, and the union really does make quite a bit of sense. Both are known for luxury and high-end merchandise. With the planned expansion, they need more stories, and this could be the perfect match.

The Expansion Is Massive

Already quite large, the mall is getting even larger. They plan to expand the mall to 350,000 square feet. This will include expanded or additional retail space and the addition of at least another twenty retail boutiques. Some of the shops said to be getting the expansion treatment include Saks and Neiman. The expansion will also include a community place on Collins Avenue, green space, and a luxury theater so visitors can see the latest movies in style. Overall, the estimated cost of this expansion is $300 million. They feel they should be able to complete it by 2018.

The mall wants to make sure that everyone in the community is happy with the project as well. After all, many of those people in the community are the ones who are supporting the stores in the mall. They listened to the community’s opinion as they were developing their plan, and feel that it should not have a negative effect on the community nor should it do anything to hamper traffic at all. They took 2.5 years to come up with an expansion plan that they felt should make everyone happy, including those living in the nearby residential community.

They recently held another meeting for the community, who were able to hear from the architects, as well as a traffic study consultant who could answer their questions about traffic. While they are still waiting for the final green light on the project, it appears as though it should go forward without any issues at all.

The Success of Bal Harbour Shops

The fact that Bal Harbour Shops is able to expand and continue to grow is a testament to the economy of the area. Around the country, many malls are actually shuttering their doors. With the mall being able to expand and thrive, it goes to show that the area is a great place to live and work.

The expansion of the mall, and the addition of Barneys New York should be able to give the mall an even higher profile, add new jobs to the community, and help to bring in even more money.

Click here to view Bal Harbour condos for sale


SLS Brickell Miami

Preconstruction condominium complexes generally tend to have quite a bit of hype surrounding them. Sometimes all of that hype is worth it and sometimes it isn’t. Once you start looking at SLS Brickell Miami though, you can immediately see that this place is offering something special, something that really epitomizes luxury. It becomes easy to see why it is one of the most sought after and beloved preconstruction properties in the Miami area.

What Makes It Special?

The 57-story building (CLICK HERE TO VIEW SLS BRICKELL) will rise majestically into the sky and feature both hotel rooms and private residences. It will have 133 hotel rooms as well as 450 private residences. Best of all, there will be just eleven units on each floor. This gives owners more privacy, and it allows them to know their immediate neighbors since there are so few of them on a floor. Even though the doors will not open until 2017, people are salivating over the thought of living here.

The building will house more than 10,000 square feet of space for restaurants, lounges, and pool bars. What has many excited about this is the fact that Chef Jose Andres is designing them. The building will feature designs from Philippe Starck, designer of Icon South Beach and Icon Brickell as well. This will provide the building with those gorgeous European interiors and unbelievable art for which Starck is known.

The condo amenities will help to set this place apart as well. Let’s look at some of the services and amenities slated for the building. It will offer butler services, “while you are away” services, concierge services, Wi-Fi throughout the property, a staff on hand around the clock, valet, security, and in-room dining services for residences and suites. They will offer shipping and packaging services, currency conversion, housekeeping on demand, shopping and delivery, dry cleaning and laundry, pet services, courier service, and even personal IT support.

The Residences

While the building is special, people love what the residences promise, as well. Naturally, you will have some wonderful views of the Biscayne Bay as well as the Miami skyline. The residences come fully furnished and feature a nice semi-private elevator that makes use of biometrics for added security. The units are spacious and have ceilings that are either nine or ten feet high depending on the unit. They have large walk-in closets, and rain showers and spa tubs in the master bathrooms. The terraces are quite large and provide easy access to the living spaces and the bedrooms. Some of the units will also have a grilling area on the terrace.

They will offer home automation systems, two self-parking spaces for most of the units, and your choice of preselected cabinet finishes and stone countertops. Everything about the unit and the building screams luxury. The more people learn about the property the more excited they become. SLS Brickell Miami might be just the property that you’ve been looking for as well. Consider making this your new home when it opens in 2017.


Miami Beach real estate

Recently, the City of Miami received final approval for their EB-5 Regional Center for Foreign Investment, which has the potential to allow many more foreign investors to start putting money into the economy. This particular designation will allow many foreigners, especially those who are from China, to be able to invest in properties in the South Florida area.

Why Is It Good For Investors And Good for Locals

Mayor of Miami, Tomas Regalado feels that the approval is going to be a very good thing for both the investors as well as for those who are living in the area. The program will actually let the city help foreign nationals who are trying to put more capital into the economy by giving them special immigration status. However, not just any investors will do. They need to invest at least half a million dollars into the area, and they have to be able to prove that within two years they’ve created a minimum of ten jobs.

They hope that the program will actually encourage more investors to take root in South Florida, and they feel that it has the potential to create thousands of new jobs. This fuels more economic growth for the region and makes it a better place for all who live there. Miami is one of the pioneers when it comes to this type of program, and you can bet that a number of other cities around the country will be waiting and watching to see what happens. If it is successful, there is a good chance that many more cities will follow with their own similar programs later.

Miami will become something of a model that the other local governments around the country can follow.

What Is the U.S. Immigrant Investor Program?

It’s important to take a deeper look at the program to learn more about what it entails and what advantages it has the potential to offer. First, it allows two-year residential status for qualifying investors and their families. This residential status is conditional. The investors will need to invest at least $1 million, or $500,000 in a “designated target area”. They need to invest in businesses that will be able to create at least ten jobs for American workers during those two years.

After those two years, if the investors are able to meet the above conditions for creating jobs and investment dollar requirements, then they will be able to apply for an receive unconditional permanent residency.

The program offers many benefits and advantages for the investors. First, it does not matter what age they are, how much business experience they have, or their language. The investors can be limited partners – they do not need to be managing the investment on a daily basis. Also, they do not need to be in the United States fulltime to manage their business. They can maintain the business from their country of origin.

The program is new and it remains to be seen just how effective it might be. Still, it’s an exciting opportunity, and it could be very good for Miami real estate – CLICK HERE to view current listings in Miami Beach.


Miami Beach real estate

When people think of luxury, they think of Miami, a city that has it all. Whether you make your home in Miami (view Miami homes for sale website here), or you visit occasionally, it’s easy to see and appreciate the opulence the area offers. This is the second year in a row that Christie’s International Real Estate put the city on their list of the top ten luxury property destinations. Some of the other cities that also made the list include Los Angeles, New York, Paris, London, and Hong Kong.

One of the things that many brokers say helps Miami stand out from those other cities is the fact that it is still relatively affordable, even for luxury accommodations. Those who choose to buy in the area tend to get far more for their money than they would in a city such as New York or London, for example. Let’s take a look at some numbers for comparison. In 2013, the average price per square foot for a luxury home in Miami (see all Miami luxury homes for sale here) was $559. During that same year, the price per square foot of a comparable home in San Francisco was $829, and in London it was an astounding $4,683.

It turns out that luxury is about more than just the price, though. Luxury is about much more, such as the features and the location. Let’s look at what Miami can offer.

The Location

First, think for a moment about the location. You are right on the water, and it’s never more than a few minutes away no matter where you might be in Miami. You are close to a host of attractions, the water, and even the Keys and Bahamas if you might want to take a quick weekend jaunt. Luxury is about living the good life, and that’s easy to do with such a great locale.

The Properties

The properties themselves are very important too. The designers and architects who create the condominium towers know luxury. The buildings feature every amenities that you could want, including pools, security, gyms and spas, on-site restaurants and lounges, modern design, and so much more. The units themselves often have the latest cabinetry and flooring, as well as balconies and terraces for relaxing or entertaining. One of the best things about those buildings is the views they can offer.

The Culture

Of course, one also has to look at the culture of Miami to get just why it is so special and so different from all of those other cities. It’s a great melting pot of cultures, and it has quite a strong Cuban and Latin influence in the area. This colors the city and makes it unique and special. From the food to the nightlife and beyond, culture in Miami equates to great living, and really, that’s what luxury is all about in the end.

If you’ve been considering buying a home in the Miami area, now is a great time to do it. You want to get in on the action before all of the best properties are gone! Please visit our site which offers complete resource on buying real estate in Miami, including real-time listings, rentals and sold history – http://www.sunnyislesmiamirealestate.com/Miami-Beach/ or call our office today – (305) 336-0457


Content published by Lana Bell

Content published by Lana Bell