Pudge Rodriguez Home on Pinetree Drive Sells for $19 Million

By Sunny Isles Real Estate Expert on January 11th, 2017

Altos del Mar Miami Beach home

Ivan Rodriguez Torres, who often goes by the name of Pudge, played for the Texas Rangers, the Florida Marlins, Detroit Tigers, Washington Nationals, Houston Astros, and the New York Yankees in his career. The catcher received the American League MVP award in 1999, and many baseball lovers believe him to be one of the best catchers the sport has ever seen.

The World Series winner (he was with the Florida Marlins at the time) was more than just a great player though. He also loved the good life, as a home that he once owned on Pinetree Drive in Miami Beach was recently purchased for a whopping $19 million by a family from Britain. The Miami Beach home is on the waterfront, and it has a Mediterranean style and a lot to offer the new owners.

The property is located at 6385 Pine Tree Drive Circle, and it features 12,600 square feet. It’s a stunning property that features a 1.1-acre double lot. The new family should have plenty of room since the home has nine bedrooms, 11 bathrooms, and two half bathrooms. The lot overlooks the Indian River, and it has 175-feet or prime waterfront. That’s not all though. It also offers a standalone caretaker’s cottage, a guesthouse that has two bedrooms, and a private entry guest suite with one bedroom.

The home, built in 1937, has always been impressive, and it’s great it was able to fetch the $19 million price tag. However, the initial asking price when it hit the market was $25 million, which was eventually dropped to $21 million. The final asking price of $19 million is still quite good though, especially when you consider the home’s history.

The last time it sold was to Robert Nichols in 2006. He is the cofounder of AeroTurbine and is now the chief operating officer for AerSale. When he bought the home, he paid $8.05 million and then did a complete overhaul of the home’s interior. Even with the money he put into the renovation, he was still able to make a nice amount with this sale. The renovations he did have helped to make the home a real standout according to those who have seen it.

Some of the features that make the home special and that have helped to drive the sale include the wine cellar, which is large enough to include a thousand bottles. It also has a media room and a pub. The new owners can enjoy the koi pond, the pool, cabana, and jacuzzi, and their own private pier.

Before Nichols owned the property, Pudge Rodriguez and his wife were the owners. They bought it for $5 million and lived in the home for about five years before selling it to Nichols.
While they say that home prices are dropping for sellers in the area, when it comes to a gem of a property such as this one, it’s still possible to get a decent amount of money for the property. Hopefully, the new family will enjoy the home for many years to come.

Consider the Beautiful Homes on Pinetree Drive

By Sunny Isles Real Estate Expert on August 30th, 2016

Pinetree Drive Homes

Many people who live in the Miami area feel that Pinetree drive – (see website for all available homes for sale) is one of the most beautiful locations in the entire city. When you start to look at the fantastic homes in the area, as well as the land, it is easy to see why. This community is located in the eastern portion of the city, and this is where you will find some of the most luxurious and high end properties in the state. The drive, lined with trees, extends from 23rd Street to 63rd Street. It’s a lovely place to drive, and when you see the homes, you will understand why so many people feel this is one of the best places to live in the city.

Many Types of Homes

Some of the homes are located on the water, while others are located inland. Regardless of whether the home has a spot on the water or not, you can agree that all of the homes are stunning, not to mention at the upper end of the market price. You can find homes of different sizes and with different features and amenities, and this should be something that you consider before you go house hunting.

What are you looking for in a home on Pinetree Drive? Do you want to have some additional rooms for a growing family? Do you want to have a spot that’s right on the water with a dock? Do you want a gated home with security? How large does the garage need to be? You have to think about all of the different things that you and your family need when you are choosing a home whether it is on Pinetree Drive or any other area. You can talk with a real estate agent for help in this matter if needed.

A Wonderful Location

Undoubtedly, you want to find a piece of property that is in a safe location. This drive is a safe area, and you will find that it can be a nice place to raise your family. In addition to being a safe location, you will find that it is close to many of the places in the Miami area that you might want to visit. You can head to Miami Beach if you would like, or into South Beach. There are plenty of places to dine and to enjoy the nightlife. You can get to the airports in around 20 minutes, you can head to Fort Lauderdale, Bal Harbour, and more. Whether you want to catch a game, visit a museum or a gallery, or anything else, it’s easy when you live on Pinetree Drive.

If you love the idea of living in an area that is peaceful and quiet, but it still close to all of the action that Miami can offer, the homes in this area could be for you. Take the time to speak with a real estate agent and learn more about the homes that are available.

Investors Head to Indian Creek

By Sunny Isles Real Estate Expert on December 19th, 2012

Indian Creek Homes For Sale

Indian Creek Miami real estate

Celebrities, buyers from all over the world and others are driving up prices for luxury homes in Indian Creek Miami, mirroring a trend that is observable around Miami in general. Luxury condominium properties in Indian Creek have sold for very high prices over the last year, showing that interest in this area is growing. According to analysts, much of this interest is coming from out of the country.

Outside Investment

According to reports, many of the transactions in Indian Creek have been made by people who come from other nations. Latin America, Portugal, Russia and other nations have been the source of some of the buyers, and many of those buyers have been willing to pay high prices to have a prestigious property in Miami.

The priciest Indian Creek transaction of the year was for the property located at 3 Indian Creek Drive. That property ended up selling for $47 million to an undisclosed Russian billionaire. The property, as one might guess, is well within the spectrum of luxury properties, constituting 30,000 square feet and having 10 bedrooms within the house.

The second highest priced home to sell home in Indian Creek this year was located at 14 Indian Creek Drive. That property went for $38.4 million and is a 17,700 square foot house with seven bedrooms. These two properties outdid the third-, fourth- and fifth-ranked properties by quite a bit. For example, the third highest sale in Indian Creek was at 19 Indian Creek Drive. That six-bedroom, 8300 square foot home sold for $18.56 million. While that price is certainly nothing that anyone would scoff at, the highest prices are still enough to take anyone aback and lead the price of that transaction by quite a lot.

Luxury Homes For Sale In Miami

These properties constitute the epitome of luxury. For example, the number one priciest property to sell in Indian Creek has a rooftop bar and a 100-foot pool as among its amenities.

Such luxury properties are not always listed on the MLS system. For example, a property belonging to singer Julio Iglesias located at 7 Indian Creek sold for $15.2 million in a private transaction. Likewise, Barry Schwartz sold a lot located at 9 Indian Creek for $19.2 million, according to reports. Like the Iglesias transaction, this one was conducted privately and was not listed on the market.

Finding Top Luxury Residences in Miami For Sale

Finding these ultra-luxury properties and getting in on the incredible opportunities that they present requires that you work with someone with a great deal of knowledge about this market. As demonstrated above, not all of these properties are actually listed in the traditional fashion, which means you need to be working with a real estate professional who understands all sides of the market, even though sides of the market that are not available to most people. If you’re interested in purchasing such properties, whether you’re located within the United States or in another nation, a real estate professional can make certain that you are apprised of the best options that become available on the market and that you know when the right time to make a move on those properties is.

What Is My Miami Home Worth Now Days?

By Sunny Isles Real Estate Expert on August 22nd, 2012

Miami real estate

Miami waterfront homes for sale

One of the first questions a Miami realtor

will get asked by a homeowner would be “what is my property worth?” Of course, when a homeowner makes the decision to sell Miami home, they will want to get the most value as possible out of it. If you are planning to sell your own property, then you may have the question as well. Do you know how much your home is worth? Do you know what a realtor will need to do in order to provide you with an accurate value? Because this is such an important part of the home selling process, it is a question that you need to know an answer to.

What it Takes to Get a Value

When you first call or email the realtor, you must remember that they will not be able to provide you an immediate exact value. In fact, if a realtor gives an exact value without doing any legwork, then you should not trust that value. There is no way to get an exact number without doing a thorough research. However, the realtor should be able to give you a ballpark estimate. This estimate would be based on the values of similar homes sold in the area. This will not be an exact amount. There is a great deal of more work that will need to go into determining the value of a home. Here are a few things that the realtor will need to do.

In fact, Miami real estate market research

will be a must. The realtor may have a basic idea of the housing market in the area, but there will need to be research as well. This research will give the realtor a better idea of not just how much people are asking for their homes, but also how much those homes are actually selling for.

Determining affecting factors. There are a number of things that could affect a home value to make it different from the market average. Some of these factors could include grounds improvements like swimming pools or problems like a rundown home on an adjacent property.

Viewing the property. In addition to doing this type of research, the realtor needs to actually view the property. Through a discerning eye, the realtor will be able to get a more realistic selling value.

A Lower Evaluation than You Expect

Many homeowners are surprised when the value of their home comes in lower than they expected. Why would this happen? There are numerous things that can affect the value of a home, and when it comes to selling, the buyer is the biggest factor. In a buyer’s market, it is not about the seller. If there are a large number of homes available for sale in the market, this will lower a home value. If the market is slow in the area, this will also lower the value. Just because you think your home is worth more does not mean you will actually be able to get that much out of it. Instead, if you price your home too high, you may not be able to sell it for a long time.

What is the value of your home? This is an important thing to know, but you cannot just expect your realtor to be able to tell you over the phone. There is a great deal of research needed.

For a thorough research and evaluation of your Miami home, or Miami condo please contact Lana Bell, leader in sales of Miami real estate.

Miami Home And Condo Sales Are Booming Once Again!

By Sunny Isles Real Estate Expert on July 28th, 2011

Miami foreclosures For Sale

Sunset Island Homes For Sale

According to a recent report from Sunny Realty, the Miami area has experienced the largest boost in sales activity in five years. The largest contributing factor to this rise in activity is the number of foreign buyers flooding to the area, predominantly from European countries and Brazil.

“The 2011 trend shows that we are heading toward a healthier Miami real estate market. The strength of this market is something that hasn’t been seen in years, showing promise for a strong third and fourth quarter finish,” stated Leon Bell of Miami’s Sunny Realty.

When evaluating reports on the state of the Miami real estate market, it is essential to consider specific segments of the data collection relative to the types of properties listed, those selling, those in distress and who the buyers are. For example, at first glance at recent pricing reports, one would conclude that the median sales price for Miami properties had dropped. June reports show the median pricing of single-family homes in Miami dropping slightly, 2.8%, from second quarter close. One contributing factor to this slight price decrease is the number of distressed property sales in the area.

Many real estate professionals, including those of Sunny Realty, suggest that we are nearing the bottom of the distressed inventory, as many property owners have addressed these issues over the past several years. What we will be left with moving forward are the more desirable properties, positioned well to sell. In fact, as the number of distressed properties has been drastically reduced in recent months, the number of properties currently in inventory has also dropped, helping prices to hold their own, despite the perception of a slow market.

While this tells the tale of the median home market, an entirely different story is painted when you consider the state of the Miami luxury real estate market.

When you isolate luxury properties in the same area boasting average pricing in excess of $1 million, up nearly 5% from second quarter, a different story is painted of the market. Leading the market are luxury properties, predominantly of interest to foreign buyers (nearly 80% of sales), although domestic buyers are also looking to the area for vacation properties offered at competitive prices. Within the Miami area, homes in Miami Beach are showing the most promise, case in point with the recent $19.8 million sale of the Maurice-Fatio designed property on Sunset Island.

Palm Island Homes For Sale

As the number of high end Miami homes sold increases over the past month, the number of high end properties hitting the available inventory has not. This trend suggests that the market is tightening. It is possible that the Miami real estate market will bear price increases as we head into the year’s end.

Selling Luxury Single Family Houses in Today’s Market

By Sunny Isles Real Estate Expert on March 18th, 2011

Miami Beach Luxury Houses For Sale

Miami Beach Luxury Homes For Sale

Too many home sellers are worried that 2008 never ended. In the intervening 2 years, the Florida real estate market has improved. A reduction of foreclosures on the market combined with a strengthening economy has caused home prices to rise. In Miami Beach, sometimes called The Venice Of America, the market is heating up and luxury properties are on the move again.

Miami Beach real estate

is well-known for its stylish, luxury waterfront homes. Many of them have a distinctly tropical feel that celebrates the beautiful Florida climate. While the market everywhere was tough for a while, the market in luxury areas such as these has been improving recently. There are some techniques a good realtor can help you to use to sell your home in this area, if it’s time for a change.

Most homes in Miami Beach

remain on the market between 6 to 8 months, according to MLS data. This is not an extended time, by any means, for a home to be available on the market. In fact, it shows how rapidly a buyer can be found for a well-priced home in this market.

In the last few quarters, the prices for Miami Beach luxury waterfront homes have been going up. Combined with a realistic price for your home, this means that a realtor may be able to unload your house much more quickly than you think, and at a far better price than you may have been hoping for. It’s very realistic to get a premium price for your luxury Miami Beach home, the demographic who buys them isn’t known for being bargain shoppers.

There is plenty of appeal for a good home in Miami Beach area. While the area is known for being affluent, there are homes that aren’t necessarily up to the standards of luxury that the target demographic sometimes expects. Some are sold based on being waterfront properties, with most of their value coming from that fact. A good property on Miami Beach at a sensible price is a very attractive commodity.

In the last year, this area has been particularly good for homes at around $1,000,000. This makes it ideal for those who want something that bespeaks luxury but who don’t want to overbuy. If you have Miami Beach real estate in this price range, be aware that a realtor will be working with a very interested market and that a sale may be very rapid.

For more information on today’s best deals in Miami Beach please be sure to visit:

Pinetree Drive Homes, North Bay Road homes, Allison Island homes and La Gorce homes.

Buy a Home Now While Rates are Low

By Sunny Isles Real Estate Expert on December 19th, 2010

Golden Beach Florida House For Sale

Golden Beach Florida

It may be true that the economy has taken a hit, but don’t believe everything you hear. Now is the perfect time to purchase a Golden Beach home because prices have dropped dramatically across the nation. Buying a house is a long-term investment, and just because headlines say that the housing market is down doesn’t mean that buyers can’t get a home loan at a reduced price.

The stock market is a good example; it has its ups and downs. Therefore, the housing market is very similar – where there’s a down, there’s also an up. If you have decent credit and a job that provides steady income, then you can still achieve mortgage credit at a reasonable rate. Since the housing market is “down,” these rates have hit all-time lows.

Home Appreciation

Realistically, home appreciation has the possibility of increasing five to six percent annually, which means that you can earn a significant return on your investment in one year. For example, if you purchase a $200,000 home and put down 10 percent at a five percent appreciation rate, then the home would increase $10,000 in value during its first year.

That 10 percent investment returned a 50 percent return – and that was in just one year. Of course, this does not mean you have to purchase a $200,000 home, but you can see the real value behind purchasing a home and what kind of investment you are making.

Reducing Costs

While looking at Miami real estate

you should focus on Miami homes that have been reduced in price by the seller. This does not mean they are desperate, but it does mean they are motivated to sell and may be willing to work with you on a price reduction. You can even purchase a home at a reduced price by insisting that the seller pays for the closing costs. A seller who is ready to end the deal will most likely agree to additional tactics by the buyer.

After viewing the home, you can renegotiate the price according to anything you’ve seen that should be fixed or replaced. The important thing to remember is that price is not set in stone; like purchasing a car, it is possible to work out a deal that is beneficial to both parties.

About Chris Adams – Chris Adams is founder of 807 Holdings LLC and Scottsdale Homes.

Home Sales in Miami are on the Rise Due to a First Time Tax Break

By Sunny Isles Real Estate Expert on December 21st, 2009

Miami Single Family Houses For Sale

Miami Homes For Sale

Miami real estate

as well as the economy is experiencing a slowdown that is unlike anything the country has experienced in decades. Because of the struggle in the United States economy, more people have found themselves without jobs and fewer people are making large purchases. Whether they cut their spending out of fear of what the future might bring or because their income has been cut, people are spending less.
This shift in how money is being spent has affected the real estate market drastically. One of the most expensive things that people may purchase is real estate. Because property can be so costly, it is usually one of the first things that people stop buying.

Just when Miami home sales

seem to be faltering the most, a tax break offered by the government has been a breath of fresh air. This tax break has led to a boom in the real estate market, which has in turn, stimulated the economy.

Miami condos and Miami homes for sale

have continued to be a favored area of relocation for many people. Real estate in Miami is coveted in the area, whether buyers are looking for luxury Miami condominiums or Miami water front single-family residences.

Because of the recent tax break, more people are finding it in their budgets to go after the home that they dream of. Since the economy has been slow, the costs of homes and properties are still quite low, leading to the ideal situation for the buyer. Locations like Miami are seeing a consistent rise in the real estate market and home sales thanks to this combination.

If you are thinking about relocating to the Miami area, you will find plenty of properties available. The costs are low, but as the market rises, you will see the costs go up. The present time could be just the right opportunity for you to buy your new Miami home.

Live in the Heart of Historic Miami Beach by Choosing a Pinetree Drive Home

By Sunny Isles Real Estate Expert on November 25th, 2009

Miami Beach Single Family House For Sale

Miami Beach Luxury Homes For Sale

If you are looking for a home in Miami Beach

and you want to be in the center of it all, then Pinetree Drive home can be an excellent choice. Known for its historic and ultra stylish properties, Pinetree Drive Miami Beach is only moments from the center of the city. If you want to experience true Miami Beach living, then you will know you have found the right place if you choose a home on Pinetree Drive or home on La Gorce Island.

Offering two types of properties, the area has a range of home prices available. On one side of the street, potential homebuyers will find luxury waterfront real estate. These homes provide direct access to the water with private docks and boat ramps. The homes are prestigious as well, offering large residencies and such extras as swimming pools, tennis courts, and large green lawns, all lines with Miami’s signature palms.

If Miami Beach waterfront homes

are out of your price range, then you do not have to despair, on the other side of Pinetree Drive, you will find quality properties with smaller price tags. You can find real estate with the same prestige and the same views for a much lower sales price. Even though these homes are not directly on the water, they are just steps away from the water and offer excellent Miami Beach location.

There is a range of property sizes on Pinetree Drive. Whether you need three bedrooms or nine, you will find homes for sale at any time in this Miami neighborhood.

Either side of Pinetree Drive homes

offers history and quality homes, within minutes of the major areas of the city. Property owners will be able to easily reach South Beach, Miami Beach, and the shopping and attractions of the city center. The neighborhood is close to the city, yet retains the quiet living of a residential area. For historic yet upscale Miami living, Pinetree Drive single family house could be your next address.