Hibiscus Island is among the most coveted neighborhoods in South Florida. Located conveniently to 395 and 95 equally close to Downtown Miami and South Beach, this gated community is serene and tranquil with all of the attractions and glamour of the city at your fingertips. Further, the homes in this neighborhood are quite stable in price, given its exclusive location and premier neighbors.

Our featured home in Hibiscus Island is 200 N. Hibiscus Drive. This four bedroom three bathroom home is ideal for families with a playground in the spacious back yard and large in ground pool. The layout of the home is spacious and with just under 3,500 square feet, it feels much larger. Its interior amenities include a formal dining room, breakfast nook, family room, and den. The exterior amenities are a heated pool, lush tropical landscaping, playground, and alarm system and gate. This home is listed at $1.494 million, which is an excellent value in this neighborhood. Its most recent comparable sale was at 122 E. 2^nd Ct, which sold for $1.311million and had nearly 1,000 square feet less than 200 N. Hibiscus. We anticipate this home selling fast. Contact us today for recent home sales information, a showing, or to see what you home is worth.

Imagine that perfect modern new home, everything complete in the latest design, wide bay views of the Miami sunset, guest rooms, staff rooms, all marble floors, and every detail customized. Now open your eyes and take a look at 3114 North Bay Road. This nearly 9,000 square foot home will be complete in 2012 and is taking applications for prospective owners. With 7 bedrooms and 8.5 baths, this home will leave nothing to the imagination. Complete with exercise facilities, Jacuzzi, large lap pool , two car garage,  and dock, this home is truly spectacular. 

Not only is the home brand new, it is in THE best neighborhood in Miami Beach. Conveniently located to 195 and south beach, you will also rub elbows with your neighbors Dwayne Wade, Matt Damon, and Perry Ellis. Close by there are both public and private golf clubs, Miami Beach Golf Club and La Gorce Country Club, respectively, and North Bay Road is a wonderful neighborhood for families. For more information, please contact Best Miami Beach Real Estate!

 

It is not often that there are development opportunities in Miami Beach, especially in Biscayne Pointe.  Biscayne Point is comprised of three islands west of Miami Beach. Divided into two distinct areas, Biscayne Beach and Stillwater Drive, they have more reasonable price points that Star or Palm Island, yet share the remarkable views of Biscayne Bay and Downtown Miami.

1339 N. Bicayne Point Rd in Miami Beach is a one of a kind development opportunity. Situated on a large lot with expansive bay views this 6,000 square foot home is nearly complete. This home is for sale “as is” for$ 3.5 million, however structurally and fort the price per square foot when complete, it should have a resale value of much more. It already has all appliances, garage, air and heat, swimming pool, spa, family rooms, and much much more. This is a perfect home for an investor looking to take advantage of the temporary lift on anti-flipping rules. For more information please contact us at Best Miami Beach Homes and Condos. Happy House Hunting!

California real estate research company, Clear Capital released a forecast predicting market stabilization in South Florida. Florida as a whole will see its markets continue to stabilize in 2012 due in large part to lower priced homes and a high percentage of cash transactions. Further, as we reported earlier in the week, investor activity in Florida is also very high. 

What does this mean for our sellers and buyers? For sellers, their homes will be worth more depending on the inventory in the area and home prices in the area and building, but also all of the homes will likely experience a gradual increase in price. For buyers, this is a wonderful time to buy and cash buyers will have a marked advantage over non-cash buyers in the state of Florida in particular. Commercial investors will also likely experience gains in their property values as foreign investment in South Florida is high.  The outlook for residential and commercial real estate is by most accounts is looking good!

The Federal Housing Administration has extended a waiver on its “anti-Flipping” rule allowing home buyers to resell homes within a 90 day period. This has the greatest impact on those buyers who are investors seeking financing to flip homes. In 2003 this anti-flipping rule was implemented to protect borrowers from potential losses on homes that were flipped, however the Obama administration removed the waiting period on resales in order to stabilize home prices in communities hurt by foreclosures.

This is wonderful news for those looking to invest in homes and resell them within the 90 day period, which is the time the Department of Urban Housing and Urban Development estimate it takes to flip a home. There are many opportunities for home flipping in the Miami Beach area, for more information please consult our property search. Happy Flipping!

Among Miami’s thriving communities, the North Bay Road community holds some of the most stunning homes and amazing vistas in South Florida. It’s celebrity residents include Perry Ellis and Chris Bosh, and it is easy to see why this neighborhood is so desirable. Conveniently located to 195 and five minutes from South Beach, N.Bay Road also has a small neighborhood feel where celebrities walk their dogs and jog in the mornings.

5396 N. Bay Road is an exceptional property in every sense of the word. It has five bedrooms, large pool, sweeping bay views, full boat dock, top of the line appliances and amenities and is set on a ½ acre lot. With 79’ of unobstructed waterfront, it is ideal for a yacht or sailboat. This property is in the classic Mediterranean Style, so prevalent in Miami, however it was completely renovated down to the last detail. You can buy this property for $7.95 Million or rent for $30,000 per month.