Miami – Ranked Number Four of Top Ten Healthiest Cities

By Sunny Isles Real Estate Expert on May 15th, 2015

Miami Beach apartments for sale

If the sun, sand and amazingly luxurious homes weren’t enough to make everyone love Miami, there is one more thing to add to the list. According to Livability, a research site dedicated using research to explore cities throughout the country to determine what’s great about them, Miami ranked number four on the top ten list of healthiest cities.

What Goes Into the Rankings?

The rankings on this list were determined by several different factors in order to come up with a complete picture of the overall healthiness. These factors include:

• Access, affordability and quality of healthcare
• Obesity rates in adults
• Access to healthy eating options
• Doctor to patient ratios and number of hospitals
• Whether the city promotes healthy lifestyles with walking paths, parks, and farmer’s markets
• Cleanliness of the water and air

Miami’s Results

Miami’s number four ranking was based on a few different things, beyond its overall beauty that most associate with it. The most important considerations for their healthy living ranking were:

• Number One Ranking in Florida – As far as healthiest lifestyle options, this county ranked the highest in all of Florida! This is due to most residents exercising at least three times per week, an obesity rate of less than 23 percent and a lack of residents that partake in smoking and drinking.
• Many Beaches, Parks, and Recreation Areas – Miami offers numerous areas and locations that promote healthy exercise and activity, including playing in the surf, visiting parks, deep-sea fishing, golf, and tennis.
• Everglades National Park – This factored into the ranking due to the miles of biking and hiking trials, as well as kayak and canoe opportunities.
• Healthcare – Miami offers a high doctor to patient ratio, high-ranking doctor’s offices and hospitals in the healthcare community and most residents report that they make annual health screenings a priority.
• Access to Healthy Eating – Miami also offers numerous co-ops and farmer’s markets that provide organically grown produce, as well as juice bars, smoothie shops and many different vegan and vegetarian restaurant options.
• Clean Air and Water – When compared to the rest of Florida, both the air quality and drinking water quality are considered clean.

All of these reasons landed Miami in their fourth place finish. However, there are other locations that were just a bit better. Minneapolis, Minnesota ranked as number one due to 17% of the city being part of the park system, a high number of insured residents and a low number of smokers.

On the other end of the spectrum, Yonkers, New York ranked 10th due to its high number of walkable areas and parks, and a recently unveiled Green City initiative and a high doctor to patient ratio.
When comparing Miami to some of those other cities, there is no denying that the city has plenty to offer residents. After all, a beach bod doesn’t happen by itself! With all these benefits thrown into the mix, it only makes Miami an even better place to live, work and play. To see Miami Beach properties for sale please click this link: www.sunnyislesmiamirealestate.com/Miami-Beach/

Shakira May be Selling Home

By Sunny Isles Real Estate Expert on April 26th, 2015

Miami Beach house for sale

There’s a rumor going around right now that pop star Shakira could be selling her home in Miami Beach, and that the current asking price is $12.9 million. The price asked for the home in 2013 was 14.95 million, and this discount may help the property to gain more traction amongst potential buyers. The house is not currently listed on the multiple listing service, or MLS, and there’s no guarantee that the house is actually up for sale. Ben Moss, the managing director of the sports and entertainment division for One Sotheby’s International Realty, actually says that the house is not up for sale at all.

However, others dispute this claim. DesignTrend.com, the New York Post, and the Miami New Times all say that the property is indeed for sale, and that the asking price is $12.9 million. Shakira has been the owner of the home since 2001, and at the time, she paid a mere $3.38 million for the property. The home is 8,355 square feet and features six bedrooms and nine bathrooms. It is located at 3140 North Bay Road and is on Biscayne Bay. Click here to view all North Bay Road homes for sale here. It features a nursery, gym, dock, and much more. Some of the former celebrity neighbors include Ricky Martin and Matt Damon. Last year, Damon actually sold his neighboring home for $15.4 million.

While it’s still up in the air whether the sale is real, most of the signs seem to point to it, just that it will be a quiet affair. Given the fact that Shakira now lives in Barcelona with Gerard Pique and their son, chances are high that she’s looking to sell the home now that she no longer lives there. It’s a large property that’s too large for a vacation home for most people, so selling makes sense.

Why Don’t Celebrities List Houses on MLS?

When celebrities sell their homes, it’s often done rather quietly and for good reason. They do not often put their homes on the MLS, as it simply invites too many people who have no real intention of buying and who only want to see where a celebrity lived to come out to the property. This can be distracting and problematic when it comes to trying to sell these types of homes. Thus, keeping things quieter and private is generally the order of the day. This is a whisper listing, and it’s what the NY Post believes is happening with Shakira’s home. Given her high profile, this makes quite a bit of sense.

They will be able to limit the number of people who come through the home, and they will be able to prescreen the potential buyers to see if they are motivated and legitimate. This helps to keep provide the celebrities with a bit more privacy. You will find that most high profile people, whether they are singers, actors, athletes, or simply very wealthy, like to keep as many of the details of selling their homes private whenever possible.

Luxury Homes Selling Big in Miami

By Sunny Isles Real Estate Expert on April 9th, 2015

Florida real estate for sale

Over the course of 2013, 20% of the sold single family homes in Miami were priced over a million dollars, and this trend of high-priced luxury homes continued through 2014 and into 2015. The demand for luxury homes is still very strong, and there are a couple of reasons for this. For example, since the economy recovered and since the taxes and interest are still favorable for buyers, getting into a new luxury home is a good idea.

More Families Moving to Miami

One of the things that many real estate agents are seeing is an influx of buyers from other countries, such as Brazil and Mexico. While homes in the area have always been popular for people from these nations, the political and financial insecurities in those and other nations are making many with money want to come to Miami – view Miami waterfront homes for sale here.

Many real estate specialists are also seeing a difference in the types of homebuyers who are coming to buy these properties in Miami. Namely, there are many more families with children who are buying homes and moving to South Florida. Many business professionals are taking the plunge and moving to Miami as well, and they are bringing their families with them.

Many from NYC are looking into buying luxury property in Miami as well. Even though the prices for homes in Miami are getting to be higher than they’ve ever been, that’s not any sort of deterrent for those buyers, since the prices are still lower than or on par with those in New York City.

There are not only great homes, but the schools throughout many parts of the area have great reputations. Coral Gables and Key Biscayne, for example, have high quality schools.

Miami Offers More

Miami is quickly becoming a truly global city. They are growing quickly in a number of different areas, including sports and entertainment. There is a thriving culture in the city that’s appealing to many people, and is certainly one of the big draws. Additionally, architects are seeing all of the fantastic opportunities they have to bring their skills to the city and to create some truly unique and opulent homes. These world-renowned architects are creating homes that people really want, and the prices for some of the homes are reaching $3,000 per square foot.

It is currently a good market for both buyers and sellers. There are plenty of people who want to buy in the city, and those who want to sell can certainly find some motivated buyers. The demand increases and the prices will surely increase along with that demand. It’s a good idea for buyers who find a property that they like to act quickly and purchase it before it is gone.

Many areas in South Florida are doing well right now, but one of the best is Sunny Isles. It has a number of condos and towers that have a wide range of luxury homes perfect for many types of buyers. It is a great place to invest and a perfect time to invest.

Home Prices on the Rise Nationwide

By Sunny Isles Real Estate Expert on April 5th, 2015

Florida real estate for sale

A few short years ago, the real estate market was in a substantial amount of trouble. Home prices were dropping, people were unable to buy and to keep up with their mortgages, and it was a bleak time for most. Fortunately, the economy has strengthened, and things have started to change quite a bit for buyers, sellers, and real estate professionals. The prices of homes are going up around the country, and this means that the market is recovering nicely. Some feel that it’s already back to the point before the last storm, and that the additional safety measures in place today will reduce the chance of another crash.

Prices Going Up

When comparing the home prices across the country from November 2013 to November 2014, you can see that there is an increase of 5.5%. This is no small amount, and it’s important to remember that this is just an average of all of the states. In some areas, such as South Florida, the prices are doing even better. Look at the Miami area, for example. Prices are up by about 8% in the same timeframe, and it doesn’t appear as though the price increase will be slowing anytime soon.

It’s important to remember that even though the prices are getting higher and more favorable, things are not quite back to the same levels prior to the recession. For example, Nevada, Florida, Arizona, Rhode Island, and Connecticut still have a long ways to go before they are able to match those previous prices. Still, most experts feel as though the prices will continue to go up for a number of reasons. See Florida real estate here: http://www.sunnyislesmiamirealestate.com/

Buyers from Around the World Want US Property

They feel that any lulls in price increase will only be temporary, and that the prices will keep rising as more and more people start to get into the market to buy homes. There are plenty of domestic buyers who have an interest in the South Florida area, and they are starting to look into new properties. New Yorkers, for example, find that even with the increased prices for Miami homes for sale, the cost is far less than what they would be paying for properties in NYC.

It’s not only domestic buyers who have an interest in purchasing properties in the US though. In fact, there are many buyers from China, South America, Europe, and Russia who have quite a healthy interest in the Miami area, and they are starting to snatch up properties. Some are looking to move to the US, while others are looking for vacation homes. Some are investors. There are many reasons to buy, and this is helping to push the demand for properties in the area.

Even though there is a surplus of properties in some locations, that’s not stopping developers, who know that the demand is continuing to grow. Many new luxury condo towers are going up in Miami all the time and buyers are trying to get in on the action now, before the prices go up even further.

Interesting Real Estate Stats for South Florida

By Sunny Isles Real Estate Expert on March 15th, 2015

South Florida real estate

Anyone who has even a slight interest in real estate knows that South Florida is one of the best places to buy and sell currently (website here. The prices for the homes on the market are getting higher, and there seems to be a never ending demand for properties in Miami. Things are really looking up in the area, and that’s great news for anyone who plans to buy or sell in the area. Some interesting new towers are going up, other properties are coming up for sale, and there’s always something new happening in the area. Let’s look at some of the interesting stats in the area.

Closer to Cuba

Even though we are a mere 90 miles from Cuba, for many years, there seemed to have been a near immeasurable distance between the two countries, even though many from Cuba make their home in Miami. However, over the past few months, things have been changing. The United States and Cuba have come closer together both economically and politically. This closeness could mean quite a few changes thanks to the eased travel restrictions. What does this mean? It could mean that the real estate development of Cuba is just around the corner. The next few years will certainly be interesting to see just what happens.

More Units in the Area

People have a thirst for more properties in South Florida. Thankfully, the developers are working hard to meet those needs at every turn. In fact, in 2015, there should be approximately 6,400 new condo units available in South Florida. Of these units, around 5,400 of them will be in Miami. Does this seem like a massively high number? While it might seem high at first, it’s right in line with the demand in the city. More and more people from around the country and around the world are looking for places to buy in Miami. They want everything that the city can offer, and they love the idea of luxury condos just steps from the beach.

Making Travel Easier

Another reason to love what’s happening in Florida right now is the fact that the state is working hard to make travel between areas easier. The All Aboard Florida plan for a passenger rail service is underway. Service doesn’t begin until late 2016, but it is interesting to see just how many more travelers this will bring to and from Orlando to Miami.

More Hotels

In addition to the travel system and the additional condos, there will be 17 new hotels just in the Miami area completed in 2015. This will provide the city with another 2,761 rooms this year alone. Even more hotels are planned for the future, ensuring that the city always has enough rooms for those who are visiting.

Miami is a very exciting area to call home now, and if you are just now thinking about getting property in the area, it’s an ideal time. You will have a wide range of options thanks to all of the choices in this growing and vibrant area.

50 Percent of Fendi Chateau Residences Sold in Surfside

By Sunny Isles Real Estate Expert on March 4th, 2015

Fendi Chateau Surfside

Things seem to be going quite well for the Fendi Chateau Residences in Surfside, Miami Beach. In fact, they recently announced that they had surpassed the 50% mark for units sold, which is quite amazing. The 12-story building, which will be right on the waterfront, is at 9365 Collins Avenue, and is still under construction. The completion date for the building is June 2016. It already has quite a bit to offer, and it is no wonder that so many people are buying units.

What Is Helping the Sales?

The building will include 58 luxury residences, and more than 30 of them have already been reserved or purchased. The building is on a beautiful 2.99-acre lot and it offers some great oceanfront property, not to mention fantastic views of the ocean. These are some of the elements that are helping to make the sales so brisk. There are plenty of others though.

This area of Miami Beach requires that the buildings are all 12 stories or less, and that means that there’s a bit more of a sense of privacy in the smaller buildings. Just because they are smaller, it does not mean there is less luxury. In fact, the units at Fendi Chateau Residences view website promise to be quite luxurious. They will range in size from 3,300 square feet to more than 8,000 square feet.

The building will feature quite a few interesting amenities. There will be a number of beachfront pools, as well as private cabanas with pool services. It will include a lobby bar, as well as a restaurant and poolside bar, 24-hr valet service, and much more. As the building progresses, the developers will likely be releasing even more information about the features the building will offer.

One of the other nice features is the location. Not only are you close to Miami’s downtown area and the beach, residents will be just a couple of blocks from Bal Harbour Shops, some of the most popular places to shop in all of South Florida. In addition to shopping, residents will be close to some world-class dining too.

The area is highly popular, and more and more people want to experience life in Miami Beach. The demand for units in the area is still growing, and it does not show any signs of slowing at all. This means that sales at this site, not to mention many other sites in the area, should be quite brisk.

Since the property will not be complete for more than a year, it’s still relatively early in the sales cycle, and this is some more good news for the developers. They’ve already sold more than half of the units, and they still have quite a while to sell the rest. While anything can happen, there’s a good chance that most or all of the units will sell before the building opens. Those who have an interest in living at Fendi Chateau Residences should not delay in looking for a unit that’s right for them.

Bollywood Actress and Producer Buys Second Unit at Miami Beach EDITION

By Sunny Isles Real Estate Expert on February 10th, 2015

Miami Beach condos for sale

Famed Bollywood actress and producer Poonam Khubani, best known for Aryan: Unbreakable and Star of Jaipur, as well as being vice president of Telebrands, seems to love Miami Beach. (See Condos For Sale on Miami Beach) She recently purchased a second unit, number 1602, at the beautiful Miami Beach EDITION. Khubani paid $17.5 million for first unit she bought, number 1601, and $16.5 million for this latest unit. Because the two units are next to one another, most are speculating that they will actually combine them into one massive unit. However, the actual plans are still unknown.

Poonam Khubani is one of the most successful women in the world, and was actually named as on the list of Top 25 Leading Women Entrepreneurs of New Jersey thanks to her business savvy and success across a number of fields. While she is a popular actress and producer, much of the money and success comes from Telebrands, the company she owns and runs with her husband, A.J. Khubani. Telebrands is the “As Seen on TV” company that’s behind many of those infomercials that air for a range of different products, such as Flip Jack Pan and PedEgg.

What Makes the EDITION Popular With the Rich and Famous?

Why would someone with the wealth and power of Khubani want to live at the residences at the Miami Beach EDITION? The reason is simple. All of the units exude true elegance, and it is the epitome of living in luxury. Buyers can choose from penthouses, two-bedroom duplexes, three-bedroom duplexes, triplexes, and one-bedroom residences. The building features only 26 units though. This means that those who are fortunate enough to get into the property will actually have more privacy than they might find at some of the other buildings in the Miami Beach area.

The staff at the building can offer a range of different services as well, including housekeeping, room service, concierge service, and even taking care of daily tasks such as shopping for groceries. Residents will have all of their needs attended to at the EDITION.

The residents will have access to the features and amenities at the hotel, round the clock security, access to the business center and meeting rooms, access to the restaurant and bars at the hotel, the fitness center, massage and spa services and much more to help make the lives of the residences more enjoyable.

All of the units at the EDITION are designed by John Pawson, one of the most famous architects in the world. Each of the units is unique. They have large living areas and floor to ceiling windows. They offer large balconies and terraces, as well as the best appliances, cabinetry, counters, flooring and features that money can buy.

With all of the features and amenities at the building, it’s easy to see why someone with the status of Khubani would want to own property there. It has a fantastic location, the space and the amenities that she and her husband need, and it really does act as something of a status symbol as well.

China to Develop in Miami

By Sunny Isles Real Estate Expert on January 18th, 2015

Miami real estate

Over the years, many foreign investors have been buying properties in the Miami region, and some out of country developers have even built in the area. There is currently a new influx of developers from China that will be hitting the Miami area in the coming year. Ning Yuan of China Construction America spoke at the Urban Land Institute’s Miami Condo Market (see homepage here) Symposium and told panel attendees that a large number of developers from China are currently looking at Miami and thinking about the best way to get involved with real estate there.

China Looks Overseas

In recent years, China has been starting to expand well beyond its borders and look for other areas in which they can invest in a number of different fields. Developing real estate is one of those fields, and they see Miami as an ideal place to do it for a number of different reasons.

First, they want to develop in a region that is highly popular and sought after by foreign and domestic buyers. New York, Chicago, and Los Angeles could be good choices, but the price of property and development in those areas is typically higher. It is relatively cost effective to build and develop in Miami when compared with some of the other locations across the country. People also love the Miami area, and they are still looking for great places to live. The city and the surrounding area still have a large amount of potential, and developers and investors from China want to get in on the action.

Some of the developers from China, including Greenland Group, the country’s second largest developer, want to double their investment overseas. China Construction recently bought Plaza Construction, a developer in New York, to work on projects across South Florida. They are already working in places such as Biscayne Beach and Icon Bay.

Over the course of the next two to three years, it is quite likely that a number of other developers from China will start to announce projects in Miami and the nearby areas. Some may work on their own, while others might work in conjunction with other developers already in the United States.

What Does It Mean for Buyers?

Of course, buyers will certainly want to know what this means for them. First, it means that there will be more options and offerings on the market, and that is typically a good thing. Buyers will have more choices so they can find a property that will best fit their needs. With the Chinese developers and other developers adamant about creating more buildings in the area, it could mean that the prices start to settle rather than rise too. This is also good news for buyers.

Will the market reach a saturation point where the number of units outnumbers the buyers? While this could happen, it is not likely to occur for some time. Even now, with all of the units underway, sellers are having very little trouble with sales. Presales are strong for many buildings as well.

Thinking of Building a Home in Miami Beach? Think Again

By Sunny Isles Real Estate Expert on December 29th, 2014

Miami Beach homes for sale

Picture the city of Miami Beach and South Beach. Chances are good that condo properties loom large in that mental image. There’s a good reason for that. They’re immensely popular throughout Miami-Dade County. However, that doesn’t mean that single-family homes have fallen out of favor or aren’t in demand. Many would-be homeowners would prefer to have their own home designed and built on their own land, rather than buy into a condo property. The problem is that few people can actually manage that. Why is this the case?

Little Land

One of the problems here is that the Miami Beach area is highly developed. That means in order for something new to be built, something else usually has to be torn down. In the absence of empty lots and buildings that need demolishing, would-be homeowners are finding it harder and harder to locate a parcel of land that suits their needs. (View All Miami Beach Homes For Sale Here)

There’s also the zoning problem – what little available land there is may not be zoned for residential use. Most of it has already been zoned for commercial use (including the building of condos). Why? There are two primary reasons. First, the demand is there. Second, the area makes more in tax revenue from land that’s been zoned commercial rather than residential.

Homebuilders

While the impact of the land conundrum has been felt by homebuyers, it’s homebuilders that have been hardest hit. The Atlantic Ocean bounds builders on the east, and the Urban Development Boundary prevents expansion to the west. Builders have nowhere to go, and that means smaller builders have actually gone out of business. Very few builders remain operating in the area that aren’t big businesses. Even large construction companies are finding the going tough, though.

Down the Road

Currently, the Miami-Dade area has a three-month supply of existing homes on the market, but the problem comes from the lack of replacement lots. Once those vacant homes are sold, there are fewer and fewer empty lots available to build on to replace them. Lot shortages have already had an impact on the industry, and that effect will only become stronger in the coming months. Experts predict that things will get worse before they get better.

One way that builders are coping with the shortages is to change their development and building habits. In the past, massive, sweeping neighborhoods were constructed. Those are largely gone now, though. Builders are instead focusing on the smaller 20-acre lots, or even 10-acre lots, and developing them as best they can.

The Condo Market

In direct contrast to the single-family home construction segment, condo construction is thriving. Sunny Isles Beach alone had 15 multimillion dollar developments (View all preconstruction projects in Sunny Isles Beach) in the last 10 years, and the greater Miami area has seen countless more. Condos are viable because they require a much smaller initial footprint, and can be home to hundreds, even thousands of families. A single 20-acre site might accommodate 900 units.

It remains to be seen just how long it will take the single-family housing industry to recover, but in the meantime, the condo industry continues to thrive.

New York Artist Buys into Miami Luxury Real Estate

By Sunny Isles Real Estate Expert on December 6th, 2014

Bath Club Miami Beach

Miami Beach real estate attracts all kinds of buyers, from the jetsetter crowd to the Hollywood set. The rich and powerful, lovers of luxury, sun worshippers…they all flock to the warm, sunny shores of Miami. We can now add artists to the list as well. Louis Meisel’s art gallery (represented by another company out of Soho) recently purchased a multimillion-dollar property in Miami Beach.

The Bath Club Residences

Residence at the Bath Club is located on 59th Street and Collins Ave in Miami Beach. The property developed by Don Peebles, well known real estate mogul developer. It spans 4,600 square feet under air and 800 square feet of terraces. This property was previously owned by Luis and Jennifer Villa, who purchased the property for a mere $1.8 million back in 2012. The price paid by Meisel’s firm was $5 million, netting the Villas a tidy profit on the deal.

The Artist

The artist in question, Louis Meisel, is responsible for coining the term “photorealism” back in the 1960s. He became renowned for his ability to create paintings so realistic that they resembled photographs. The company that purchased the condo on his behalf was Slam It LLC, based in Soho, New York, and the deed recorded Meisel’s gallery on Prince Street as the mailing address of the company purchasing the property. That gallery houses the largest collection of pinup art in the world, and spans 20,000 square feet.

The Reason

Why the sudden purchase of a condo in Miami? While there was no actual reason given, a lot can be inferred if you’re paying attention to the area. Miami has always evolved, but the city is changing in many new ways these days. It’s reinventing itself into one of the top global destinations for a variety of people, no longer just vacationers or jetsetters. With the development of the Brickell City Centre, and the potential offered by the planned Worldcenter downtown, Miami’s real estate is becoming more and more attractive. Add to that the ongoing performance and growth in luxury real estate in outlying areas like Bal Harbour and Sunny Isles.

This combination of factors makes Miami a very attractive destination for a wide range of those able to afford a condo property here. As real estate rates continue to rise, expect to see more high-profile individuals signing leases and deeds.