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Miami Beach Blog

Monday, July 01, 2013
Tags:   Miami Beach Homes, Indian Creek Homes

Miami could not be a better place to celebrate 4th of July. There are so many bodies of water that the displays seem to be increasing in size each year. We would like to offer some of the best displays in Miami. Have a wonderful 4th of July with friends and family.

Bal Harbour Beach  9:00pm- 9:25pm. Fireworks display at the south jetty of Bakers Haulover Inlet

Coconut Groves Peacock Park  Family friendly festivities all day with Fireworks beginning at 9:00 pm. 2820 McFarlane Road, Coconut Grove

Biltmore Hotel Coral Gables  For a more refined 4th of July, go to the Historic Biltmore Hotel with Fireworks start at 9 p.m. and a concert by the Greater Miami Symphonic Band at 7 p.m. Admission is free.

City of Miami Beach This is the longest amount of fireworks and it begins at 7pm. Festivities located on 8th Street and Ocean Drive.

Key Biscayne Fourth of July Parade running along Crandon Boulevard starting at 11am fireworks begin at sunset.

Bayfront Park: Bayfront Park has a wonderful festival and fireworks display, it begins at 3pm and concludes with fireworks over the Biscayne Bay at 9pm. Bayfront Park 301 Biscayne Blvd. downtown Miami.

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Thursday, June 27, 2013
Tags:   Miami Beach Homes

Another record breaking sale in Miami was announced last week, and it is the second major sale on La Gorce Island. 42 La Gorce Island was sold between two international corporations last week for $30 million. The home boasts nearly 400 feet of waterfront on a 70,000 square foot lot which holds 3 structures plus an additional guard gate. The main home has 8 bedrooms and 9.5 baths with a chefs kitchen and family kitchen. Other amenities in the main home include theatre, library, and incredible painted ceilings. The guest house has one bedroom and one bath and the staff quarters have two beds and two baths. Additionally, the home has a rooftop lounge with 360 degrees of waterviews. This estate is one of the most impressive in South Florida.

La Gorce Island has witnessed some high sales this month with this sale and the sale of Billy Joel’s estate for just under 14 million and we expect more sales of this caliber due to the location of the home and the views. La Gorce Island is in Miami Beach and the entertainment of South Beach is just a few minutes away. The Shops at Bal Harbour are also just a short drive away as well, with Neiman Marcus and Saks Fifth Avenue and fabulous dining. La Gorce Country Club is right up the road and is the only private country club on Miami Beach. The Miami International Airport is a quick drive of 15 minutes and there are a number of reputable private aviation airports nearby as well. For more information on this listing and others in La Gorce Island, contact us today.

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Monday, June 24, 2013
Tags:   Miami Beach Homes

The Miami Dade and Broward countie’s numbers have been released for May. Despite the incredible lack of inventory, sales volumes continue to climb. Prices are continuing to climb as well, and there is no sign of slowing. President of the Greater Fort Lauderdale Realtors released this statement to the Miami Herald, “The steady and sustained rise in median home prices is supported by a declining amount of available housing inventory and fewer days on the market.” Many buyers feel that mortgage rates are climbing and prices are still below what they were at the height for the moment, so buying now is an urgent business. Mortgage rates have been on the rise since May after the Federal Reserve Bank announced that it was contemplating dismantling the mortgage buying program. Below are the most recent numbers. If you are looking to buy, the time is now and if you are looking to sell, you will get incredible values. Call us today!

Miami Dade County: May 2013

Single Family Home Price rose by 16.8%, $222,000 from $190,000.

Condo prices rode 20% from $180,000 from 150,000

Broward County: May 2013

Single Family Homes rose by 22.6% to $255,000 from $208,000, supply of 3.4 months

Condos rose by 28.2% to $108,000 from $84,275, supply of 4.3 months

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Friday, June 21, 2013
Tags:   Miami Beach Homes

2001 Lake Ave in the acclaimed Sunset Islands is newly listed to the Miami Beach real estate marketplace. The home has 7 beds, 8 baths, and one half bath. It is just over 7,500 square feet of interior space and the lot size is over 10,000 square feet. It is completely modern in a stunning style that is envied the world over and can truly be considered a Miami aesthetic. Further, it was built in 2011 and is brand new. In Miami, where permits are not easy to pass, a new home is virtually unheard of in this market. Windows and glass doors put the focal point on natural light and the waterfront views are breathtaking from the rooftop terrace. There is also a stunning pool to enjoy. The home is listed at $7.95 million.

The Sunset Islands enjoy a private neighborhood, that is also within walking distance of South Beach and all the delights of the Miami lifestyle. The Sunset Islands are four islands just outside of Sunset Harbour, which is one of the most sought after and rapidly growing neighborhoods in Miami Beach. Locals love the European feel of being able to walk to local eateries and shop. The amusements of South Beach are moments away and the Miami International Airport is also just a short drive away. Homes in this neighborhood are a mix of dry lots and waterfront, and they all are stunning examples of classic Miami architecture and design. For more information on this home and others, contact us today!

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Thursday, June 20, 2013
Tags:   Indian Creek Homes, Miami Beach Homes

12 Indian Creek is one of the most luxurious listings on the Miami marketplace and it is situated on the most exclusive enclave of South Florida. Indian Creek is an island off of Miami Beach that houses 40 homes around an 18 hole golf club and course. It has boat and land security guarding the properties 24 hours a day and some of the worlds elite call this island home. It is 20 minutes from the Miami International Airport, and a ten minute drive from the delights of South Beach ,while maintaining a very private feel. Shoppes at Bal Harbour, international shopping mecca, are a short drive away as is downtown Miami. Homes in this neighborhood are mostly situated on a 2 acre lot and have the finest amenities available on the market. Prices start in the millions and go upwards of 50 million. Having an Indian Creek address is certainly a statement.

12 Indian Creek is an elegant home with French details that is listed on the market for $42 million. It is located on a lot with over 2 acres and has a home just over 21,000 square feet. Some of the ultra luxurious amenities include a theatre, poolside cabana, three pools, steam and massage rooms, yoga rooms, gym room, wine cellar, elevator, and 7 car garage. The home has 7 bedrooms and 11 baths with 3 half baths. It faces west for incredible sunsets and views of the Miami skyline and the Biscayne Bay. Boaters will find the 200 feet of waterfront sufficient for even the largest of yachts. For more information on this listing and other luxury listings in Indian Creek, please contact us today.

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Monday, June 17, 2013
Tags:   Miami Beach Homes

Another star has left Star Island. Rosie O’Donnell sold her Star Island mansion for $12.657 million. The home was originally built in 1923 and was also the home to the controversial group, Ethiopian Coptic Church in the 1970’s. Since Rosie took possession of the home, she improved it considerably, yet stands to make a substantial profit on the home since she purchased it in 1999 for $6.75 million, and has sold at nearly double. It is majestic and huge with two guest houses and over 11,000 square feet of interior space. The home has 200 feet of waterfront and 12 bedrooms with 11.5 baths. It was originally listed in 2012 at $19.5 million, and reduced this year to $16.5 million, and sold for considerably less.

O’Donnell is not the only celebrity taking advantage of the limited inventory in Miami Beach and incredible demand in the international market. Billy Joel recently sold his La Gorce Island home as have Matt Damon and A-Rod. The gains from these properties is likely substantial. The new round of buyers have networth far exceeding their celebrity former owners as well. The new owner of the Billy Joel mansion has an estimated net worth of nearly ten times Joel. It will be interesting to note the changes in the Miami community as the new owners take up residence in the neighborhood and if you would like more information on these island homes or others, please contact us today.

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