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South Beach Condo Index - August 2007
2007-08-12 07:38:00
I finished crunching the numbers for the second installment of the South Beach Condo Index. I discovered some very good news! List prices have come down and the average price per square foot of condo units sold in the last six months in the 19 condo buildings included in the index has gone ...
More About: South Beach , August

Latitude on the River - 2 Bedroom/2.5 Bath Condo on 42nd Floor - $479,000
2007-08-11 22:51:00
Here’s a great opportunity two own a spacious 2 bedroom condo at Latitude on the River on a very high floor. This 2 bedroom/2.5 bath is located one floor below the lower-Penthouse level and is located on the southeast corner of the building. You will have fabulous views of Biscayne Bay to the south. The following picture was taken from inside the unit in question. The condo has 1,300 square feet of interior space and a 128 square foot balcony. The image below is the floor plan of the condo available for sale at Latitude on the River . It is a B12 unit. Click here for a better view of the floor plan. The view in south facing units will be much better than the north facing units as long as they clear the Latitude One office building. The Latitude One office building is only 22 stories so this B12 unit on the 42nd floor will easily clear the top of Latitude One. Not only that, but it will also clear Neo Vertika to the east to offer fantastic views of Biscayne Bay and Sout...
More About: Bath , Condo , Bedroom

Miami-Dade Foreclosure Filings Since 2002
2007-08-10 05:43:00
A friend of mine passed along the following statistics that were disclosed by Miami -Dade County. I found the statistics to be quite compelling and felt that my readers might find these numbers to be of interest as well. It is worthy to note that these numbers indicate that we are on pace to surpass the highs in foreclosure filings in 2002. That isn’t a bit surprising given the state of the real estate market. These numbers only represent a mid-half report for 2007. As a sizable amount of adjustable-rate mortgages are scheduled to reset in the following three months, I’m sure that we’ll surpass previous year foreclosure filings. Fore closure s usually take about 6 months, so I’m expecting that foreclosure filings will peak in 2008. 2002 14,567 2003 11,605 2004 9,606 2005 7,829 2006 9,826 2007 January: 1,404 February: 1,563 March: 1,759 April: 1,749 May: 1,984 June: ...
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Advice to Miami Condo Buyers
2007-08-08 07:05:00
This is a follow-up post to one I wrote a few weeks ago entitled “Advice to Miami Condo Sellers“. That post has become one of my most widely read posts. I’ve always been more of a buyer’s agent than a seller’s agent. It’s been that way ever since I started in this business. ...
More About: Miami Real Estate , Ten Museum Park

Two Brickell Condos up for Auction This Month
2007-08-07 02:27:00
Two Brickell condos will hit the auction block later this month. The first is a 2 bedroom + den/2 bath loft residing on the 29th and 30th floors at Neo Vertika. The loft has 1,255 square feet of interior space on tw0-levels with 20-foot ceilings. Neo Vertika is located along the Miami ...
More About: Miami Real Estate , Foreclosures , Auction , Miami River

Credit Crunch Impact on the Miami Condo Market
2007-08-04 22:58:00
Many of you have probably already heard about what happened on Wall Street on Friday. For those of you who didn’t, the Dow Jones Industrial Average posted its third-biggest drop of 2007. Much of the drop occurred in the final two hours of trading. The Blue Chip index dropped 281.42 points. ...
More About: Miami Real Estate , Credit , Market , Miami , Condo

Marina Blue - Closings to Begin Towards the End of September 2007
2007-08-04 02:26:00
I was notified today that closings at Marina Blue are scheduled to begin towards the end of September . Marina Blue is a 60-story luxury high-rise building going up in the neighborhood known as Park West . The fantastic thing about Marina Blue is that every unit has a beautiful view of Biscayne Bay. As ...
More About: Miami Real Estate , September 2007

Miami Condo Auction - Platinum Condominium - 20 Units Up for Auction in Sep
2007-08-01 06:37:00
I was notified tonight that twenty condo units at Platinum Condo minium will be auctioned off on September 20, 2007. Eight of those units will be auctioned “absolute”. This means that the condo(s) will be sold to the highest bidder. There are no minimums and no reserves. This comes as to a surprise to me. ...
More About: Miami Real Estate , Miami , Auction

Courvoisier Courts - 2 Bedroom/2 Bath Foreclosure - $449,900
2007-07-31 07:27:00
There’s a 2 bedroom/2 bathroom condo foreclosure at Courvoisier Courts in Brickell Key that is listed for $449,900. The condo has 1,288 square feet of living space. It also comes with two assigned parking spaces. I took a look at the unit tonight for an interested client. It is in tip-top condition. ...
More About: Miami Real Estate , Bath , Foreclosures , Foreclosure , Bedroom

Foreclosure at Yacht Club at Portofino - 2 Bedroom/2 Bath - $669,900
2007-07-30 08:06:00
There’s a 2 bedroom/2 bath condo foreclosure at Yacht Club at Portofino in South Beach. It has 1,090 square feet of interior space and faces west towards Biscayne Bay, Fisher Island and the Miami city skyline. The condo also has a view of the swimming pool deck at Yacht Club at Portofino. ...
More About: Bath , Foreclosures , Foreclosure , Bedroom

Miami Condo Index - Brickell Key - July 2007
2007-07-30 04:49:00
This is the second installment of the Brickell Key Condo Index. The data was collected on July 27, 2007. Overall, list prices declined about .82% in the past month for condos listed in Brickell Key . The average price per square foot in June for condos listed was $519.97 versus an average ...
More About: Miami , Louis

1/1.5 @ Ten Museum Park for $340,000
2007-07-30 00:33:00
Someone contacted me last week to see if I could help them find a buyer for their 1 bedroom/1.5 bath condo at Ten Museum Park . He is perfectly able to close but would rather sell it to an end-user than carry it for a while. If he closes on the unit though then ...
More About: Miami Real Estate , Ten Museum Park , Park West

Advice to Miami Condo Sellers
2007-07-27 03:42:00
I mentioned last week in the July Brickell condo index that only 9 closed condo sales occurred from June 19, 2007 to July 18, 2007, in the neighborhood of Miami known as Brickell. A question was left for me in the comments section of the post about whether I felt that the lack of ...
More About: Advice , Miami Real Estate , Condo , Club

Short-Sale at One Miami - 1 Bedroom/1Bath for $275K !!!
2007-07-26 02:58:00
There’s a 1 bedroom/1 bath short-sale at One Miami that was reduced $44,900 today. It is now listed at $275,000 and has 846 square feet of living space. That’s a great deal! The unit is now listed at $325 per square foot. The Brickell condo index for July revealed that the average ...
More About: Miami Real Estate , Foreclosures , Sale , Bedroom

Apogee South Beach: Ultra-Luxury Living at its Finest - Prices & Availabili
2007-07-26 02:00:00
The video above is of the construction progress at Apogee located in the neighborhood of South Beach known as South of Fifth. South of Fifth has become the most luxurious neighborhood in South Beach. Apogee is situated at the southern tip of South Beach, along South Pointe Drive at 800 South Pointe Drive. ...
More About: Living , Luxury , Ultra

Latitude on the River - 2 Bedroom/2.5 Bath Condo for $409,000
2007-07-25 05:23:00
A gentleman contacted me late last week who has three preconstruction units under contract at various developments in Miami and Miami Beach. He wanted some advice on what he should do with each of the three units. One of those units is a 2 bedroom/2.5 bathroom unit at Latitude on the River . ...
More About: Miami Real Estate , Bath , Condo , Bedroom

Miami Condo Foreclosures - Search Engine Results
2007-07-23 18:10:00
I’m an avid reader of anything to do with search engine optimization (SEO). The algorithms involved in producing search engine result pages (SERPs) fascinates me. I haven’t hired any outside companies to do any of the SEO work for my site. My blog has done the work for me. I began ...
More About: Foreclosures , Miami , Results , Search , Search Engine

Q&A
2007-07-22 09:05:00
I recently had someone ask me a very intelligent question. His comment and question is below: Lucas - I don?t know if I should continue to be concerned or excited with this news. In the end, it is what it is, and it would be great if it just happened as fast as possible. How ...
More About: Miami Real Estate

How Bad Can Things Get for the Miami Condo Market?
2007-07-21 06:08:00
An article was released today on Bloomberg.com that exposed the seriousness of the overdevelopment problems that we have in the Miami condo market and the ensuing repercussions that will affect the Miami economy. The article was entitled “Miami Condo Glut Pushes Florida’s Economy to Brink of Recession“. To readers of my blog, however, ...
More About: Market , Things , Brickell

Miami Condo Index - Brickell - July 2007
2007-07-20 23:19:00
You may have noticed that some of the June numbers have changed. This is because I originally took out the closed sales that were obviously due to mortgage fraud. I recently went back and included those sales because I wanted to present things just as they were. However, this made listings appear ...
More About: Miami , Condo , Brickell , July 2007 , July

Imperial at Brickell Open House Tonight - Opportunity to Tour Six Beautiful
2007-07-19 20:20:00
Real Living Properties and Arch Realty are showcasing six beautiful condos tonight at Imperial at Brickell from 6pm-8pm. This is a great opportunity to see why Imperial at Brickell is one of the best values in the area. The building is currently undergoing a beautification project which was paid for through a recent ...
More About: House , Open , Opportunity , Tour , Beautiful

Il Villagio Penthouse - $17,750,000 - A Look at an Ultra-Luxury Condo
2007-07-18 18:27:00
Many of you may have wondered, at some time or another, what a $15M+ condo looks like in South Beach . So, let’s take a look at the two-story penthouse condo at Il Villagio that is listed for $17,750,000. It has an amazing 5,700 square feet with 3 bedrooms, 4 full baths, 2 half ...
More About: Luxury , Ultra , Condo , Miami Beach

2 Bedroom/2 Bath Condo Short-Sale for $227,500 at Tuscany on the Intracoast
2007-07-18 04:19:00
Many of you are probably wondering where the hell Tuscany on the Intracoastal is located. That’s because it isn’t a local condominium development. It is located in Boynton Beach. Boynton Beach is located about one hour north of Miami. I normally wouldn’t post anything outside of Miami or Miami Beach. ...
More About: Bath , Sale , Condo , Bedroom

Cocaine Cowboys - The Rise of Miami in the 1970s and 1980s
2007-07-17 05:02:00
I finally got a chance to watch the movie “Cocaine Cowboys ” last night. I’ve been trying to rent it at Blockbuster for months but it was always checked out. I stumbled upon it on the Internet last night and watched every minute of it. For those of you unfamiliar with the movie, ...
More About: Miami , Rise , Cocaine Cowboys

Opera Tower Closings to Begin in September
2007-07-16 00:17:00
In a previous post I stated that I heard closings at Opera Tower would begin in July. However, I confirmed today that this was inaccurate. Closings will begin in September for condo units on the first 21 floors of Opera Tower . I was told that closings on the remaining floors would begin in ...
More About: Miami Real Estate , Arts District

Where Will Prices Be 12-24 Months From Now in Brickell?
2007-07-14 05:18:00
Most people would agree that as of right now Brickell and Brickell Key are the luxury neighborhoods of Miami for condominiums. This may change in the future as new luxury neighborhoods have begun to emerge, but as of right now Brickell and Brickell Key hold this title. It is no secret that Brickell has a ...
More About: Miami Real Estate , Where , Months , Month

Preforeclosure at Peninsula 1 in Aventura
2007-07-14 03:53:00
There’s a 2 bedroom + den preforeclosure condo at Peninsula 1 in Aventura . The den can be converted into a third bedroom and most of the MLS listings have this line listed as a three bedroom. The condo also has 2 full baths and 2 half baths with a total of 2,970 square ...
More About: Foreclosures , Sure , Vent

Miami Condo Index - South Beach - July 2007
2007-07-13 04:22:00
I realize that South Beach is not located within the Miami city boundaries. South Beach resides in the city of Miami Beach, which in itself is a separate city from Miami. I felt compelled, however, to include a South Beach condo index due to much interest in condominiums located in South Beach, ...
More About: Condo

2 Bedroom Foreclosure at Carbonell in Brickell Key
2007-07-11 01:22:00
There’s a 2 bedroom/2.5 bath foreclosure that just became available over the weekend at Carbonell in Brickell Key. Built in 2005, Carbonell is Brickell Key’s most recent addition. The foreclosure unit is the best priced 2 bedroom unit in the entire building by quite a lot. It is listed at $649,900. ...
More About: Miami Real Estate , Foreclosures , Foreclosure , Bedroom

Opportunity to Own a 1 Bedroom in Tower 2 of the Luxurious Icon Brickell
2007-07-10 23:16:00
A few days ago I received an email from a gentleman who holds a preconstruction contract for a 1 bedroom in Tower 2 of Icon Brickell. He prefers not to close on the unit and wanted me to find out if there’s any interest in his unit from someone looking to acquire a condo ...
More About: Miami Real Estate , Opportunity , Bedroom , Icon Brickell