Miami condos for sale

Sunny Isles Beach has a reputation for new oceanfront luxury high-rise condominium community of the 21st Century and, in that regard, it seldom disappoints. Sunny Isles Beach real estate (click here to view the site) as well as other parts of Miami presents one of the most attractive luxury real estate markets in the world. In fact, it is so attractive that it brings people from all over the world and, in part, that is what inspires me to be a real estate broker in this affluent, diverse and exciting real estate market.

ONE Sotheby’s International Realty is of the most prestigious real estate firm in the world and speaks directly to the market for luxury properties. To offer better service, I am a Certified Luxury Home Marketing Specialist and a negotiating expert, which gives me the necessary knowledge to help clients meet their goals with their property purchases, which is one of the things that truly makes working in real estate worthwhile. A property is so much more than another acquisition. While a property can be a great investment, at some level, it is always a home and helping clients to find exactly the property they wish to call their own is incredibly motivating.

A Great Market

The Florida real estate market is definitely heating up again, according to multiple sources, including the http://www.miamiherald.com/business/real-estate/ Miami Herald. There are great opportunities for people to make investments in this market, and with people from all over the world being attracted to Miami real estate, I’m able to take advantage of my global connections, the resources I have at my fingertips and my expertise in this market to help people find exactly the properties they want. Ideally, I’m able to bring together the perfect property and the investor who will appreciate it for what it is and be able to turn it into something that is uniquely their own.

Diversity

I have a staff of 20 expert agents who understand the cultures of people to whom we sell and who speak the native language of the buyers. That includes people who speak fluent Russian, Portuguese, Chinese, Hebrew, French, Spanish, Italian, German and Swiss. With a great deal of cultural knowledge and the ability to speak to people in their own languages, we are able to make certain that the investments that international buyers are making in the Miami areas is understood to the greatest degree of detail and that buyers can proceed with confidence when they find a property that they want.

The Deal

Of course, completing a real estate deal means more than being aware of the culture of your client and being able to speak the language. The language of real estate itself is something that requires skill to understand and I endeavor to make certain that my clients always get the best deal. That means that I leverage my knowledge of the local real estate market to enable my clients to take advantage of the best possible timing to make their deal and that I bring to the table the negotiating skills that I have developed over many years as a broker.

Above all other things, I find inspiration in helping my clients. As this testimonial reveals, I do everything I can to give my clients the best possible experience and the best possible investment.

“We had a fantastic experience working with you. We’ve never felt any pressure at any time and your experience and in-depth knowledge of the building as well as the local real estate market, made us believers. We couldn’t be happier at Turnberry Ocean Colony. You’ve been a pleasure to work with and a bright spot during this delightful process.”
-Evan Y.


Miami commercial real estate

A $225 million transaction in Pembroke topped the multifamily stats for this year. The sale was for a 1520-unit community known as the Resort at Pembroke Pines. The sale was completed by the Carroll Organization, out of Atlanta.

Although the property was a bit rundown and outdated, the Carroll group developers were still interested in picking up this apartment complex, despite the fact that it is not quite as modern or stocked with amenities as newer complexes. This demonstrates that investors are interested in apartment complexes that already exist, rather than just having an interest in developing new apartment complexes.

Lower The Risk

According to reports, the prices of land in Florida have been going up and the costs of development have been going up, but growth as far as rental income goes is slowing. This means that, for developers, there is less risk involved in purchasing existing properties than there is in developing new properties, a process which can take two or three years to complete. The reporting states that, of course, in two or three years, the market can be remarkably different than it is at the time the development starts, adding an element of risk to the investment.

Stabilizing Market

While growth in the Miami commercial real estate market may be picking up, economic indicators show that the typical cycle of booming and busting in the South Florida real estate market may be between 7 and 12 years. With investors moving in from all over the world – Latin America, Russia, Europe, etc. it has proven to be particularly rich with people looking to make investments in South Florida real estate – real estate prices have largely stabilized and luxury properties are selling well again.

What’s Out There

South Florida may be principally known for its very high-end, upscale luxury real estate properties, but there are still many distressed properties on the market and, as this transaction shows, properties that may be a little bit outdated, but that could become very attractive provided they were given a bit of renovation. For some commercial real estate developers, it’s more attractive to invest in a property such as these, simply because they do not have to go through the development process or take on any of the extra risk associated with that process.

As the South Florida real estate market continues to grow, there are likely to be many very attractive deals that come available on the market, but it generally requires a skilled real estate agent for clients to be able to take advantage of these properties. We provide a list of Miami’s most expensive condos and Miami’s most expensive homes for sale and give forecasts about the market in general, both of which should be of great interest to individuals looking to invest in the luxury properties available in a South Florida market or, in fact, some of the older properties that could be very good investments with a little bit of redevelopment.


Miami Beach condos

Miami Beach

is one of the most popular places to live for people looking for condominium properties. According to The Real Deal, Miami Beach real estate has been selling at a very fast rate. At the same time that sales have picked up, the rate of price appreciation has slowed, making the condominiums more accessible to people and ensuring that the market remains attractive to new investors.

The Perception

The numbers show that investors still see Miami Beach as a great place to buy real estate for value. This is the case, even though the prices of real estate have gone up over the last four years. According to the numbers, that hasn’t slowed interest in properties and, in fact, with prices appreciating more slowly, it is possible that more people will be looking into property in this area and Miami Beach has already proven to be attractive to people from all over the world looking for great property.

According to the article, the sales for condominiums went up 21% from August 2012 to August 2013. Single-family homes saw even more activity, with the closed transactions for single-family homes going up 38% between August 31 of 2012 and August 31 of 2013. That impressive rate of growth, according to the reporting, really does show that people are very interested in Miami real estate.

Where Are They Coming From?

Miami real estate has always been popular with affluent individuals. What’s notable about the situation right now is that Miami real estate is attracting people from all over the world, not just the United States.

This year, French buyers have become a very strong force on the market, as have buyers from Canada. Experts believe that the French buyers are, to a great extent, motivated by the fact that the taxes on wealthy individuals are much lower in Miami than they are in France. Canadian buyers, of course, are, at least in part, looking at Miami real estate because of the very enjoyable climate that it offers.

The highest average price paid for condominium properties went to Apogee in the South of Fifth neighborhood, according to the reporting. This condominium sold for an average of $2371 per square foot.

Luxury properties located in Miami Beach and surrounding areas, such as Sunny Isles Beach, Bal Harbour and other areas known for affluence and great properties are moving quickly and having a good realtor is vital.

In the Miami Beach real estate market, there is most certainly competition for good properties. Being able to find the right property for your family is the first step in calling Miami Beach your home. With experience and the ability to work with people from all over the world, a good Miami Beach realtor will be able to find exactly the property that you are looking for, whether it happens to be a condominium or another type of property, and ensure that you get the best possible deal on the property.


South Beach homes for sale

Miami Beach villa for sale

Yesterday in a closed-bid auction Nakash family of Jordache jeans bought the Versace mansion, putting in the highest bid of $41.5 million. The house was sold with all the furnishings, stain glass and mosaic arranged in the eccentric, baroque style of Versace. Features include a 24-karat gold-lined swimming pool and a guest suite fitted out for once frequent visitor Madonna. The new owners plan to convert the palatial Mediterranean-style estate into a hotel with Versace name.

“We bought history,” a visibly pleased Joe Nakash, the chairman of Jordache Enterprises, told reporters on the steps of the mansion, dismissing the possibility of a massive renovation or teardown. “We paid $41.5 million for it and it’s going to stay as it is,” he said, adding that he will approach the Versace family about licensing the name.

The Miami Beach villa

was originally listed for $125 million but went on the auction block after lenders foreclosed on owner Peter Loftin. Despite a worldwide marketing campaign, the estate of the late fashion designer Gianni Versace netted only three bidders — Donald Trump, who is redeveloping an 800-acre golf course in Doral; Palm Beach Polo and Country Club owner Glenn Straub; and VM South Beach, owned by the Nakash family of Jordache jeans fame.

The requirements of the auctioneer, Miami-based Fisher Auction Co., were a $3 million deposit placed in escrow and proof of at least $40 million in liquid assets. VM South Beach is the chief creditor in the foreclosure case. As such, the family took advantage of an option to make a stalking horse bid of $25 million, and were able to bid up to $34 million without putting up any additional cash based on what a court says they are owed.

The most famous South Beach mansion for sale asking price was reduced twice from it’s original $125M before parties agreed to an auction in July after the tenant, Miami restauranteur Barton G. Weiss, successfully sued to break his lease.


Miami Beach condos for sale

Miami Beach real estate

Miami’s waterfront Single-family home sales

as well as oceanfront condos are surging up to the new heights. The sales volume is similar to the 2005 real estate boom.

In Miami-Dade County, sales of single-family homes soared 27.3 percent in July to 1,227 sales compared to 964 sales in July of last year. Condo sales rose 13.4 percent, up from 1,356 in July 2012 to 1,538 last month.

“The Miami real estate market continues to thrive as demand for housing intensifies and increasing inventory remains insufficient,” Miami Association of Realtors board chairman Natascha Tello said in a release.

In Broward County, there were 1,475 home sales, a 13 percent increase from July 2012, while Palm Beach County saw a 21 percent gain in sales activity in July, from 1,233 to 1,486 sales.

Across Florida, home sales totaled 21,238 last month, up 21 percent from a year ago, according to the Orlando-based Florida Realtors association.

All-cash purchases continue to dominate the Miami homes and Miami condos market, accounting for 66% of overall sales. In fact, Florida led the nation last month with what RealtyTrac spokesman Daren Blomquist called an “astounding” rate of all-cash home sales: 66 percent.

Institutional investors, foreign buyers, landlords and vacation-home shoppers are fueling a cash-only market where first-time homebuyers’ mortgages can’t compete. Cash sales made up 57 percent of Florida’s home sales a year ago and 61 percent of all sales in June of this year, compared with the 66 percent reported in July, according to the report released today by Irvine, Calif.-based real estate research company RealtyTrac Inc.


Miami real estate for sale

International residents are certainly common enough in the Miami-Dade area but, according to reporting in The Real Deal, the businesses that cater to Latin American residents are following them to their new homes. The report reveals that Latin American banks are making an effort to have more of a presence in Miami, owing to the fact that a great many of their most affluent customers keep a lot of their money in Miami.

The Appeal of Florida

Because of its geographical location, Miami real estate has always been a hub for Latin American business. One of the truly appealing things about Florida to wealthy Latin Americans, however, may come as something of a surprise to people familiar with the Miami-Dade real estate market. To many of the people who come to Florida, the real estate prices are actually far less expensive than they are in their home nations. Argentina, Chile, Brazil, Colombia and other nations in Latin America have very expensive luxury properties available, and many Latin American people feel that they can get a better deal by moving to Florida, at least part-time.

That appeal has resulted, according to the reporting, in a problem for some of the banks in the nations where these temporary residents hail from and, on top of that, for their home nations, as well. The problem is capital outflow. According to the reporting, the central bank in Argentina reported nearly $3.5 billion in capital outflow last year and even more than that in 2011.

Catering to the Customer

Several large Latin American banks have been developing their presence in Miami. Banks from Chile, Brazil and other Latin American nations have followed their clients up to Miami, wanting to retain their business with their affluent customers where those affluent customers seem to prefer to live these days.

In addition to the banks moving north, other services related to catering to the wealthy have moved north as well. The reporting reveals that some developers have moved into the area from Latin America and other businesses that provide services to wealthy individuals from Latin America have also made their way to Florida.

Leaving Home

Latin America has some of the most promising emerging economies in the world and, in fact, some of the most impressive economies in the world all around. That begs the question of why people are moving north in such numbers. According to the reporting in The Real Deal, problems with crime and drug trafficking operations have motivated some Latin American residents to head north for at least part of the year. Of course, there is a bit of irony in this as southern Florida was once a major hub of the cocaine trafficking industry, particularly in the 1980s, as the reporting points out. Today, however, Florida seems to be a hub for legitimate Latin American businesses and business people and, as more of them move into the area, it’s possible that more of a presence will be felt on the part of the businesses that those Latin American residents utilize.


Miami real estate for sale

Sunny Isles Beach condos for sale

Miami real estate

offers a very diverse housing market. For people looking at the high end of the real estate market, they will likely find that there is still a lot of diversity to take advantage of, even among the most expensive homes in the area. Depending upon your needs, you may want to look toward certain types of properties that satisfy those needs and that offer you exactly the living situation that you want. Where Miami luxury real estate is concerned – and this means real luxury; the top end of the market – there are essentially two ways that people can go.

Miami offers luxury estates on islands which is exclusive real estate in Miami. Fisher Island real estate and Star Island is a fine example of this. It is essentially closed off, comprising a gated community that has security and that offers a great deal of privacy. There are many other islands like this in the area.

Some of these islands have condominiums located on them and, for those who want a combination of living on a private island with the social aspects of living in a condominium property, these are great options. Many of these islands, however, are characterized by estate properties that tend to be very popular with specific types of individuals.

Many people who are concerned about privacy prefer the gated, exclusive communities that characterize what is to be found in these island markets. Many of these island estates also have their own docks, allowing people who have a passion for sailing to take advantage of having their own slip for their yacht. This makes for a great arrangement if you’re interested in estate living and if you want to have a property that is as private as possible.

Miami Condos

retain the exclusivity of a gated community and combine that with typically easier access to major shopping districts and so forth. For example, Miami Beach condos has a number of luxury condominiums that provide great places to live and that, while they do offer privacy and exclusivity, also allow their residence to easily get around the city, explore what it has to offer and to get home without any real hassles involved. This makes condominium properties very popular.

Condominium properties are also extremely popular with people who live in Florida part time. Rather than having to pay to maintain an estate when they are not there, condominiums generally have arrangements that ensure that the unit is maintained to the highest standards and that it is ready to move into when the owners come back for the season.

Condominium living doesn’t necessarily mean living in a small space. Some of these condominiums are quite expansive, extending into the thousands of square feet of living space. Some of that space is generally dedicated to a balcony, affording a great place to relax outdoors.

If there’s one thing that defines the Florida real estate market, it’s options. With a good realtor, people can generally find anything that they need.


Miami real estate

Miami homes for sale

Castello del Sol – home on La Gorce Island Miami Sold For $30 Million

setting a record for La Gorce Island, on which the luxury property is located. La Gorce Island is located in Miami Beach and offers tranquil living on the golf course and walking distance to the beach. This sale set a new record on the island and is also probably in the top five most expensive sales among Miami Beach homes.

This property was actually purchased by a corporation, and a corporation was also the seller in the deal. The corporation that sold the home has the somewhat unwieldy name of 1418518 Ontario Incorporated.

This home is so large, it almost resembles a resort in its scale and luxury. However, this home is quite unique among the many luxury Miami Beach properties located on the Eastern Seaboard.

Castello del Sol Estate is located in the heart of Miami Beach, on La Gorce Island, which is one of the more exclusive islands in the Miami area. The property comprises 2 acres in total. The island on which the property is located is gated and guarded, offering a very private experience for the homeowner.

A full 349 feet of the 2 acre property consists of this Biscayne They frontage. The property has enough room for yacht owners, with three docks of its own – all made of teak – and plenty of space to dock even a large yacht.

Castello del Sol has just about every feature that one would expect out of an exclusive resort. The property is outfitted with its own theater and has two kitchens. All of the ceilings in the property are hand-painted and the finishes in every regard are luxurious and upscale.

Miami homes for sale

The home is even supplied with its own library and, in total, there are 17,000 ft.² of air-conditioned space that comprise the home. The square footage is divided up between different bedrooms, offering plenty of room for guests and, of course, the corporate visitors that are likely to frequent this property now that it has been purchased by another corporation.

The amenities at Castello del Sol certainly include some that range into the extremely exclusive, particularly the three docks. According to reports in the Associated Press, the three docks were permitted by bribing a mayor. This is connected to the original owner of the home, David Paul, who owned a savings-and-loan in the 1980s.

The island on which this property is located is certainly no stranger to celebrities. La Gorce is home to many affluent individuals, and most of the homes on the island certainly meet the definition of estate properties. The values of these exclusive estate properties have sky-rocketed within the last several years, recording many multimillion dollar sales.


Miami real estate

Miami homes for sale

When people think of Miami real estate

they probably tend to think about expensive homes, expensive cars and very expensive lifestyles. It’s no wonder. Miami is famous for being a magnet for celebrities from around the world. Successful business people and investors from around the world also make their homes here, oftentimes moving to the exclusive islands located nearby the city itself. According to reports in The Real Deal, however, affordable housing may play a much more significant role in the real estate market in the future.

Not Everyone Is Wealthy

The reporting points out that, despite the fact that Miami is so strongly associated with affluent lifestyles, a full 75% of the households in Miami have a total income of $75,000 or less every year. The same households tend to spend a lot of money on transportation and housing. This creates a natural demand for housing that is far more affordable and accessible than the exclusive homes that tend to make the news when they sell for multimillion dollar price tags.

Lopsided Development

Developers interviewed in the article mentioned that they don’t want to put all of their money into the type of development that defined the real estate boom prior to the crash of the real estate market. In that market, developers largely concentrated on condominium development and very high-end homes. Many of those same developers, according to the reporting, ended up with significant amounts of debt when the real estate market crashed and when people stopped looking to the high-end for housing.

Despite this, the article does point out that, Miami luxury real estate market has since recovered to new heights and now there is a significant demand for affordable housing. One developer use the metaphor of people lined up around a city block to describe how much demand there is for any affordable home that comes on the market.

Changing Ideas

Some of the developers in Miami most associated with high-end development are actually moving into low income housing and even Section 8 housing. Affordable housing, which is designed to be able to accommodate the incomes and lifestyles of the working class and middle class families, is also something that many developers are looking into as a way to boost their sales. Some of the developers, of course, already have experience working in this type of housing, which can only help with the transition.

As businesses have branched out into the affordable housing sector, competition has increased, of course. Developers, however, do note that there is a great deal more risk in developing luxury properties, including condominiums. Even though the profit margins may be lower with more affordable housing, there is so much demand for those units that it’s likely that developer stand to make more of a profit producing that type of housing.

Miami homes

are not likely to lose its reputation as a playground for the rich and famous, but the millions of other people that live in the Miami-Dade area may constitute one of the most promising real estate markets in the future.


Miami condos by map

Miami Condos For Sale

For the last twenty consecutive months, the prices for condominiums in Miami and all across southeast Florida has risen dramatically. The real estate market surrounding Miami continues to strengthen in spite of the limited available inventory. As the demand continues to rise and supplies dwindle there are indicators that there is a significant appreciation in price.

Out of the tens of thousands of condominiums that were developed throughout the Miami area during the heyday of the boom years, less than 600 remain, and are available for sale. This is in direct response to many of the investors from Latin America that have sought to put their money in southeast Florida as a safe haven. As a response, local developers have reacted to this unexpected local condo recovery in the most predictable fashion – they are working quickly to construct more condos.

Many of the projects that were stalled just five or six years ago, are part of the broad revival that has stimulated the local real estate market. As a result, the new condo towers are expected to create a construction boom along the eastern seaboard of southeast Florida.

It appears as though the Miami area is one of only a handful of surging mechanisms that is reviving the Miami condo real estate market. There are only a few communities around the country that have seen a rebound in the residential properties available for sale. Like the Miami area, their supply of condos is shrinking as the demand continually rises.

In early 2013, home prices nationally had significantly jumped much higher than the same quarter just a year previous. In comparison, the Miami area seems to fare much better than the rest of the country. Nationally, these numbers were up over 9%, while the Miami area experienced a rise over 10%.

Miami Condo Sales from Abroad

It appears as though buyers from foreign markets are scooping up the deals from developers. Because of this, many real estate owners hoping to liquidate their condos have capitalized on this unexpected demand.

Over the last 24 months, well over a dozen new condominium projects have been slated for construction in the Miami area. However, at this point it is not all that certain that every project will be built or completed. Local developers believe that the Miami area is riding the cusp of the next construction boom. It is their wish that this next boom will be more controlled than the last.

Today Miami real estate market as well as southeast Florida is looking healthier than ever. Although, developers are also recognizing the immediate need for developing high-end condos as well as retail shopping all along the coastline of southeast Florida.

There seems to be a change in the competitive real estate market happening in Miami in the surrounding area. As many more investors, retirees and individuals looking for second homes are coming to the Miami area. The future looks bright for Miami luxury condo market.


Content published by Lana Bell

Content published by Lana Bell