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33139

Miami Beach Single Family Homes 33139

You have to scroll a bit left and right to use this form. Also it’s over a six month period from June 2009- December 2009.

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I have to apologize because recently I have been a little slack in my blog writing.  It’s not really something you are supposed to say on a blog but it’s true and honestly it’s important for me to continue writing and get it back on track.  My excuse?  I am working with a lot of new clients and they have been keeping me super busy! 

…on to the good stuff! 

As I mentioned I am working with many new buyers and as I have been calling on the listings and making appointments, I am coming to realize that many of the properties are going under contract so I wanted to update you on some interesting MLS data. 

MIAMI BEACH CONDOS/TOWNHOMES

  • Right now in 33139 (South Beach) there are 1904 condos/town-homes on the market for sale.
  • 349 are listed as short sales
  • 23 are listed as foreclosures
  • 222 are under contract (I know there are more that have not been updated)
  • 225 closed sales over the last 90 days
  • 427 closed sales so far for this year

Focus on 1 Bedrooms

81 One bedrooms sold (60 closed with cash)
14 were short sales
16 were REOs

The most expensive 1 bedroom that sold in South Beach over the last 90 days was a 1 bedroom/1.5 bath at The Setai located at 101 20th Street.  It sold for $1.250 and was closed with cash. 

The Setai on Miami Beach

There were 20 properties that closed with conventional loans.  A few of the more popular buildings that closed with conventional loans were:  Continuum I, Decoplage and South Pointe Towers

 

Market Analysis Report:  1 BEDROOMS LISTED AT $250,000 & BELOW
Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 58
  Beds Baths SqFt Listing Price Selling Price SP/SqFt DOM
High 1 1 1,123 $250,000 $225,000 $463 1,052
Low 1 1 390 $60,390 $71,770 $108 6
Average 1 1 705.44 $166,488 $152,690 $223 130.02
Median 1 1 710 $169,900 $153,563 $213 97

 

Market Analysis Report  1 BEDROOMS, PARKING & POOL ( LISTED UNDER $500,000)
Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 21
  Beds Baths SqFt Listing Price Selling Price SP/SqFt DOM
High 1 1 1,121 $450,000 $417,500 $535 1,052
Low 1 1 525 $99,900 $126,000 $168 10
Average 1 1 820.29 $246,507 $223,357 $274 194.19
Median 1 1 800 $210,000 $195,000 $246 119

 

Market Analysis Report:  1 BEDROOMS LUXURY LISTED AT $500,000 PLUS
Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 4
  Beds Baths SqFt Listing Price Selling Price SP/SqFt DOM
High 1 2 1,201 $1,350,000 $1,250,000 $1,523 187
Low 1 1 662 $595,000 $575,000 $552 82
Average 1 1.25 931.5 $957,500 $887,500 $984 154.25
Median 1 1 931.5 $942,500 $862,500 $930 174

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The Yacht Club at Portofino

by Jamey on January 27, 2009

I want to talk a little bit about a building that some times gets overlooked but I think is a really great building in the South Beach area. 

The Yacht Club at Portofino

The Yacht Club at Portofino is located in the SOFI area of South Beach of Miami Beach.  It is located at 90 Alton Road.  Built in 1999, the Yacht Club at Portofino is one of the older high end luxury buildings in the South of Fifth Area.  It is located on the bay side of Miami Beach, with direct views of Brickell, downtown Miami, Fisher Island, Miami Beach and more.  There is a marina that is located off the back side of the building. 

Based on experiences working with different clients in the building, I really like the Yacht Club.  The employees are always very nice, thorough and efficient.  The security for the front door has always been in my opinion very strong.  For new tenants the management company is very organized, efficient and the building has good rental policies.  It is also a dog friendly building (with of course some restrictions). The building has 24 hour security, valet service, concierge, gated garage parking, pool, gym and tennis. 

YACHT CLUB AT PORTOFINO

Condos in SOFI area of South Beach

I think in some searches (rentals and sales) the Yacht Club may be overlooked a little because some of the units can be a little dated depending on how the owner took care of the property.  Afterall it was built in the 90’s. However last year this building was hot in sales and rentals. 

In 2008 there were 25 Sales in the Yacht Club

Based only on MLS data. 

Market Analysis Report
Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 25
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 3 2 1,750 $880,000 $730 $848,888 $708 96.97% 629
Low 1 1 740 $419,000 $462 $380,000 $436 73.08% 0
Average 1.72 1.64 1,035.08 $610,476 $601 $558,076 $548 91.31% 151
Median 2 2 1,090 $575,000 $601 $520,000 $542 93% 83

In 2008 there were 82 Rentals in the Yacht Club

Market Analysis Report
Property Type: Residential Rental (RNT) Status: Rented Number of Properties: 82
  Total Units Total SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 0 1,920 $7,500 $5 $15,000 $20 600% 438
Low 0 740 $1,850 $2 $1,750 $2 71.43% 0
Average 0 1,011.42 $2,993 $3 $3,009 $3 101.35% 75.84
Median 0 1,080 $2,900 $3 $2,700 $3 94.29% 59.5

 

 

WOULD YOU LIKE MORE INFORMATION ABOUT THE YACHT CLUB OR OTHER SOUTH BEACH RENTALS OR SALES?  CONTACT ME TODAY:  305-793-8965

The compilation of listing and market data information is provided by the REALTORS Association of Greater Miami and the Beaches. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental.

I do my best to double check for accuracy, however I am human and errors can occur.  Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary.

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How low will they go? Rental Prices in Condos on South Beach, Brickell & Biscayne Corridor

January 12, 2009 For Landlords

On a weekly basis I receive at least one telephone call or email from a prospective renter asking…

“How low will the owner go on the rent for xyz unit?” 

What renters need to know is that the agent does not make the decision for the owner.  In many cases, the agent has signed an agreement with the owner [...]

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Rental News on South Beach

December 15, 2008 For Landlords
yacht-club-at-south-beach-penthouse-furnished

1.  The Yacht Club at South Beach is a real rental machine.  ”Wow”, this property rented 78 properties so far this year. I know that they allow short term leases, so this definitely reflects more opportunities to lease.  The least expensive unit rented was a 1/1 furnished unit that rented for $1800.00 per month and the most expensive [...]

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