One thing to bear in mind when looking at the Miami Beach bank-owned home sales is that these homes need work. They are terrific deals, but older Miami Beach homes typically need some structural and/or functional remodeling. The “fun” remodeling jobs like new kitchens and bathrooms may need to wait for foundation repair and electrical upgrading.

307 homes are currently for sale in Miami Beach

Bank-owned homes for sale - 3

Short Sale homes for sale -23

Waterfront homes for sale - 136

Non-waterfront homes for sale - 172

Homes sold to date in 2010 - 22

Waterfront homes sold – 7 homes sold from $1,300,000 - $9,500,000

Non-waterfront homes sold – 15 from $400,000 to $2,665,000

Bank-owned homes sold – 2 sold at $472,000 and $535,000. One sold in 3 days, one sold in 8 days on the market!!

“Short sales” (pre-foreclosure) – 0 homes sold so far.

Highest-priced sale – 92 La Gorce Circle sold for $9,500,000

Lowest-priced sale – 4515 Alton sold for $400,000

Homes sold under $500,000 - 6