apogee Archive

Miami Beach Luxury Homes & Condos

By
Jamey
 – June 23, 2010Posted in: For Buyers, Luxury Rentals Miami Beach, Miami Beach Neighborhoods Defined, What You Should Know

Miami Beach Luxury Homes & Condos

If you are looking for Luxury homes in Miami Beach, Luxury Condos in Miami Beach or Miami Beach Condo Foreclosures, browse through the site because we have included all of this information for you

We know the Miami Beach Luxury Real Estate market.

Jamey and Ognjen Prezzi service the areas of:  South of Fifth Miami Beach, Venetian Islands, Sunset Islands Miami Beach, Millionaires Row Miami Beach & Luxury Condos in Miami Beach like Continuum I, Continuum II, Portofino Towers, Apogee, Murano at Portofino, Murano Grande, ICON South Beach, Bentley Bay, Il Vilaggio, The Setai, The W, Capri, The Caribbean, Mosaic, MEI, Akoya, Blue Diamond, Green Diamond and more.

More about Miami Beach Real Estate

Miami Beach is an island off the Miami Mainland that stretches north to south from 1st street up to approximately 87th street and east to west from the Atlantic Ocean to Biscayne Bay.

The real estate that is on Miami Beach is vast.  There are high rise condominiums, low rise condominiums, single family homes, town-homes and mansions.

One thing that is very important for buyers to know is….

When the media and other real estate statistics group all of Miami real estate into one big lump, unfortunately the numbers don’t really tell the entire truth.  Miami and Miami Beach are two different areas.

South Beach, Brickell, Downtown Miami & Midtown Miami are three different areas within the general “Miami” area and from there each individual building has it’s very own market data.  Miami Beach also has many different neighborhoods and within each of these neighborhoods are even more sub markets.

What’s most important to understand is that Miami Beach, although a local residence for many, is also a second home for others.  It is a very desirable place for people to buy second homes as well as invest their money.  Our real estate market although local, is not always driven by “locals”, many of our buyers are from wealthy countries and they have no problem paying cash for a multimillion dollar property on the ocean.

Miami Beach has many different neighborhoods.  Some neighborhoods are “designated” while others are “made up nicknames” by locals over the years.

From south to north some of the most popular Miami Beach neighborhoods are:

  • South Beach or SOBE is from approximately 23rd street to first street and from the Ocean to the bay.
  • South of Fifth or SOFI (still located in South Beach) is from 5th street to 1st street and from the Atlantic Ocean to the Biscayne Bay is South of Fifth South of Fifth or (SOFI).  This neighborhood is one of the high end luxury neighborhoods of Miami Beach featuring buildings like Continuum I, Continuum II, Portofino Towers, Apogee, Murano at Portofino, Murano Grande, ICON, South of Fifth,  Bentley Beach, The Courts & Cosmopolitan.
  • Star, Palm and Hibiscus Islands: These are the three islands with large mansions that you can view from the MacArthur Causeway.  They are artificial islands and were created by Carl Fisher.  These islands are homes to many wealthy residents and celebrities.
  • Venetian Islands: Also artificial islands and encompass:  Biscayne Island, San Marco, San Marino, Di Lido, Rivo Alto and Belle Island.  Belle Island is the most eastern Island of the Venetian Islands and has condominium high rises and also features The Standard hotel and Spa.  Rivo Alto, Di Lido and San Marino feature single family homes.  Biscayne Island has a mixture of single family homes and condominiums.
  • West Avenue/Bay Road
  • Flamingo/Lummus
  • Sunset Islands
  • Mid Beach/Millionaire’s Row
  • Nautilus
  • Alllison Island
  • Biscayne Point
  • Normandy Shores

Although all of Miami Beach is fairly “pedestrian friendly”, the most “urban/pedestrian” area of Miami Beach is South Beach.  South Beach is the “main attraction” of Miami Beach and features the most famous spaces, restaurants and clubs like: Lincoln Road, Washington Avenue, Ocean Drive, Prime 112, The Meat Market, Mansion,  Sushi Samba &  Joe’s Stone Crabs.

South Beach is truly a little mini city in Miami Beach.  It’s a lifestyle like no other which is what draws so many people to live in this area specifically.

Mid Beach and the islands are a little more residential and low key.  Although these areas are still within minutes to South Beach and are still very urban compared to other beach towns, these areas feature more single family homes and large high rises.  Many of the high rises have full service amenities featuring restaurants, spas and amenities that allow the residents to “live inside” the building.

One thing that about Miami Beach that most people do not know is that it really has something to offer everyone from local year round residents, tourists, investors, vacation home buyers and more.  We have beaches, nightclubs, restaurants, shopping, local parks that Miami Beach residents can access for free (hockey, pool, after school activities and more), boating, retiree friendly activities and so much more.  Miami Beach is often referred to as a “party town” and although we definitely have our fair share of parties, we are so much more than a big party.  It’s a huge diverse community of people and a great one at that!

We are always just a phone call or email away and will be more than happy to assist you with renting, buying or selling in Miami Beach.

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Miami Beach South of Fifth

By
Jamey
 – May 3, 2010Posted in: Miami Beach Real Estate Update, South Beach South of Fifth

Currently in the Miami Beach South of Fifth area there are approximately 462 condos/town homes on the market for sale.  The Miami Beach South of Fifth area is an area of Miami Beach of South Beach that is located between 1st and 5th street.  This neighborhood is considered a luxury area because of the buildings like Continuum I, Continuum II, Portofino Towers, Apogee, Murano at Portofino, Murano Grande and ICON which are all located in this neighborhood.  These are some of the best of best in luxury buildings.  Also in this neighborhood are high end restaurants and boutique retail shops.

Over the last 90 days there were approximately 61 closed sales in the South of Fifth area.  According to the MLS details 41 of these properties sold as cash transactions.  Pretty typical for the current market as lending is still tight for most of this area.

Which Miami Beach South of Fifth building had the most sales?

Data for sales over the last 90 days:

Apogee had 6 sales $3.2 million to $5.9 million

Yacht Club at Portofino had 3 sales $499,000 to $999,999

Murano Grande had 5 sales $749,000 to $1.1 million

ICON had 4 sales $749,000 to $1.4 million

Continuum at 50 South Pointe had 5 sales $540,000 to $2.875 million

Continuum at 100 South Pointe had 10 sales $370,000 to $1.7 million

Portofino Tower had 3 sales $1.579 million to $3.5 million

Murano at Portofino had 3 sales $999,000 to $1.89 million

There are currently another 56 properties currently under contract as of today.

Miami Beach South of Fifth condos for sale $500,000 to $700,000

Miami Beach South of Fifth condos for sale $700,001 to $900,000

Miami Beach South of Fifth condos for sale $900,001 to $2 million

Miami Beach South of Fifth condos for sale $2 million plus

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Luxury Rentals Miami Beach

By
Jamey
 – April 23, 2010Posted in: Luxury Rentals Miami Beach

If you are looking for luxury rentals Miami Beach, I would like to introduce you to a few of my favorite.  First, I need to define what I mean by luxury rentals Miami Beach and the criteria I am going to use to select them.

My criteria for selecting the best luxury rentals Miami Beach:

  • The building needs to be fairly new, no older than 2000.
  • Amenities must include at least:  Valet service, concierge, tight security, covered/secured garage parking, high speed elevators (private a second plus), high-end gym/spa & umbrella/chair services (if located on beach).
  • A luxury Miami Beach resort feel throughout the grounds.
  • High end finishes and appliances in the units.
  • Larger sized balconies and great views.

Mosaic
Listed in no particular order.

1.  The Setai Miami South Beach located at 101 20th Street Miami Beach, Florida 33139.

2.  Canyon Ranch Miami Beach located at 6799 Collins Avenue Miami Beach, Florida 33141.

3.  Continuum 2 located at 50 South Pointe Drive Miami Beach, Florida 33139.

4.  ICON Miami Beach located at 450 Alton Road Miami Beach, Florida 33139.

5.  Mosaic Condo Miami Beach located at 3801 Collins Avenue Miami Beach, Florida 33140.

6.  Murano at Portofino located at 1000 South Pointe Drive Miami Beach, Florida 33139.

7.  Apogee located at 800 South Pointe Drive Miami Beach, Florida 33139.

Luxury Rentals Miami Beach- 1 bedrooms- from $4000

Luxury Rentals Miami Beach- 2 bedrooms- from $5000

Luxury Rentals Miami Beach- 3 bedrooms- from $6000

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Murano Grande South Beach

By
Jamey
 – April 13, 2010Posted in: Miami Beach Buildings, Murano Grande

Murano Grande South Beach opened in 2003 and was built on the Biscayne Bay side of  Miami Beach.  It is one of the best and most popular Miami Beach luxury condos.

Murano Grande South Beach is located at:
400 Alton Road
Miami Beach, Florida 33139

The Murano Grande Miami Beach location is prime real estate in the South of Fifth area of Miami Beach is located beside Monty’s South Beach and in front of the Miami Beach Marina.

There are currently 1, 2, 3 and 4 bedroom residences on the market at Murano Grande South Beach for sale with square footages from 1206 up to 3979.   The Murano Grande Condo residences feature double door entries, private foyer elevator entrances, views of the bay, ocean and city, top of the line appliances and finishes.

Below is a picture of the balcony of a unit for sale.  The view is of Downtown Miami, Biscayne Bay and Star Islands.  This property is a three bedroom/three bath and is listed at $1.85 million.

Below is a picture of a unit’s bathroom featuring amazing views of the Port of Miami and Fisher Island.  The unit is currently listed at $3.45 million and is a 3979 square foot four bedroom/four and half bathroom property.

Murano Grande Condo amenities include a 24 hour valet service, secured parking, concierge services, fitness center, swimming pool, spa and tennis courts.

Murano Grande South Beach is located at 400 Alton Road Miami Beach, Florida 33139 in the South of Fifth area of  Miami Beach and it offers the best of the South Beach. Stepping out of the building you can walk to the beach, the Miami Beach Marina, Monty’s South Beach and a host of other local shops and stores.  The new Publix is approximately 2 blocks north.  The area is generally very pedestrian friendly.

The Murano Grande South Beach is in the same area as Apogee,  Continuum I, Continuum II and the Murano at Portofino. It is located directly beside ICON South Beach.

Murano Grande South Beach Real Estate Market Information

Over the last 12 months there were 18 units that sold in the Murano Grande building (on the MLS).  Units sold from $550,000 for a two bedroom REO and up to $4.2 million for a five bedroom penthouse.

Market Analysis Report
Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 18
Beds Baths SqFt Listing Price Selling Price SP/SqFt SP/LP DOM
High 5 5 6,032 $5,900,000 $4,200,000 $696 107.3% 644
Low 1 1 1,310 $545,500 $500,000 $303 71.19% 8
Average 2.22 2.28 1,983.5 $1,309,011 $1,106,794 $525 89.63% 195.94
Median 2 2 1,624.5 $1,045,000 $910,000 $479 89.27% 154

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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Portofino Condos

By
Jamey
 – March 29, 2010Posted in: Miami Beach Buildings, Portofino Towers

Portofino Condos is one the first high rise luxury condos built in Miami Beach .

It was built on the South Pointe Miami Beach area in 1997.  The Portofino condominium is 44 stories with 206 units ranging in sizes from 1090 to 4510 square feet.

Portofino Towers Miami Beach Condo

The units at Portofino Condos offer 1, 2, 3, and 4 bedroom residences and the units are super luxurious featuring high end finishes and quality.   The Portofino condo residence features double door entries, spacious outdoor terraces, 9-foot ceilings, European designed kitchen cabinetry, top-of-the-line kitchen appliances, Jacuzzi tub in master bathroom, Floor-to-ceiling windows and more.

Portofino towers Miami Beach have some of the best amenities in the South Beach.   Portofino condominium provides fitness center, tennis courts, spa, theater, billiards Room, beautifully designed 4-story lobby , 24-hour security , 24-hour concierge services, swimming pools, 29th floor private resident club, sauna & steam room and storage spaces.

Most of the units in Miami Portofino have amazing views of the Fisher Island, Miami Beach and the Miami City Skyline.

Portofino condos is located at 300 South Pointe Dr. Miami Beach, FL 33139 in the South of Fifth area of  Miami Beach and it offers the best of the South Beach. Stepping out of the building you can walk to the beach, or you can visit the best restaurants, shops, and night venues.  My favorite restaurants and venues in the areas are Prime 112, Joe Stone Crab, Big Pink, Nikki Beach, De Vito and more.

The Portofino condo is in the same area as Apogee,  Continuum I, Continuum II and the Murano at Portofino.

The building is located in the South of Fifth area of South Beach in Miami Beach.  Behind the property is the newly redesigned South Pointe Park and Smith and Wollensky Restaurant.

Showing properties 1 - 16 of 16. See more Portofino Towers tract real estate.
(all data current as of 7/29/2010)

  1. 1 beds, 1 full, 1 part baths
    Size: 1,090 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  2. 3 beds, 2 full baths
    Size: 2,340 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  3. 2 beds, 2 full, 1 part baths
    Size: 2,040 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  4. 3 beds, 2 full, 1 part baths
    Size: 2,340 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  5. 2 beds, 2 full, 1 part baths
    Size: 2,040 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  6. 2 beds, 2 full, 1 part baths
    Size: 2,040 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  7. 3 beds, 2 full, 1 part baths
    Size: 2,340 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  8. 2 beds, 2 full, 1 part baths
    Size: 1,960 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  9. 3 beds, 2 full, 1 part baths
    Size: 2,340 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  10. 3 beds, 2 full, 1 part baths
    Size: 2,340 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  11. 3 beds, 2 full, 1 part baths
    Size: 2,340 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  12. 3 beds, 2 full, 1 part baths
    Size: 2,340 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: n/a
  13. 3 beds, 2 full, 1 part baths
    Size: 2,400 sq ft
    Lot size: 2,400 sq ft
    Year built: 1996
    Parking spots: 1
    Walk Score™: 82
  14. 3 beds, 2 full, 1 part baths
    Size: 2,550 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 1
    Walk Score™: 77
  15. 4 beds, 4 full, 1 part baths
    Size: 5,450 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 2
    Walk Score™: 77
  16. 4 beds, 4 full baths
    Size: 4,100 sq ft
    Lot size: n/a
    Year built: 1996
    Parking spots: 3
    Walk Score™: 77

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Miami Beach Neighborhoods Defined

By
Jamey
 – March 19, 2010Posted in: Miami Beach Buildings, Miami Beach Neighborhoods Defined, Miami Beach Single Family Homes

Miami Beach is an island off the Miami Mainland that stretches north to south from 1st street up to approximately 87th street and east to west from the Atlantic Ocean to Biscayne Bay.

The real estate that is on Miami Beach is vast.  There are high rise condominiums, low rise condominiums, single family homes, town-homes and mansions.

Generally speaking Miami Beach real estate is not inexpensive, even in a bad market.

When the media and other real estate statistics group all of Miami real estate into one big lump, unfortunately the numbers don’t really tell the entire truth.  Miami and Miami Beach are two different areas.  South Beach, Brickell, Downtown Miami & Midtown Miami are three different areas within the general “Miami” area and from there each individual building has it’s very own market data.  Miami Beach also has many different neighborhoods and within each of these neighborhoods are even more sub markets.

What’s most important to understand is that Miami Beach, although a local residence for many, is also a second home for others.  It is a very desirable place for people to buy second homes as well as invest their money.  Our real estate market although local, is not always driven by “locals”, many of our buyers are from wealthy countries and they have no problem paying cash for a multimillion dollar property on the ocean.

Miami Beach has many different neighborhoods.  Some neighborhoods are “designated” while others are “made up nicknames” by locals over the years.

From south to north some of the most popular Miami Beach neighborhoods are:

  • South Beach or SOBE
    -South Beach from 5th street to 1st street and from the Atlantic Ocean to the Biscayne Bay is South of Fifth (SOFI)
    This neighborhood is one of the high end luxury neighborhoods of Miami Beach featuring buildings like Continuum I, Continuum II, Portofino Towers, Apogee, Murano at Portofino, Murano Grande, ICON, South of Fifth,  Bentley Beach, The Courts & Cosmopolitan.
  • Star, Palm and Hibiscus Islands
    -These are the three islands with large mansions that you can view from the MacArthur Causeway.  They are artificial islands and were created by Carl Fisher.  These islands are homes to many wealthy residents and celebrities.
  • Venetian Islands
    -Also artificial islands and encompass:  Biscayne Island, San Marco, San Marino, Di Lido, Rivo Alto and Belle Island.
    -Belle Island is the most eastern Island of the Venetian Islands and has condominium high rises and also features The Standard hotel and Spa.
    -Rivo Alto, Di Lido and San Marino feature single family homes.
    -Biscayne Island has a mixture of single family homes and condominiums.
  • West Avenue/Bay Road
  • Flamingo/Lummus
  • Sunset Islands
  • Mid Beach/Millionaire’s Row
  • Nautilus
  • Alllison Island
  • Biscayne Point
  • Normandy Shores

Although all of Miami Beach is fairly “pedestrian friendly”, the most “urban/pedestrian” area of Miami Beach is South Beach.  South Beach is the “main attraction” of Miami Beach and features the most famous spaces, restaurants and clubs like:   Lincoln Road, Washington Avenue, Ocean Drive, Prime 112, The Meat Market, Mansion,  Sushi Samba &  Joe’s Stone Crabs.  South Beach is truly a little mini city in Miami Beach.  It’s a lifestyle like no other which is what draws so many people to live in this area specifically.

Mid Beach and the islands are a little more residential and low key.  Although these areas are still within minutes to South Beach and are still very urban compared to other beach towns, these areas feature more single family homes and large high rises.  Many of the high rises have full service amenities featuring restaurants, spas and amenities that allow the residents to “live inside” the building.

One thing that about Miami Beach that most people do not know is that it really has something to offer everyone from local year round residents, tourists, investors, vacation home buyers and more.  We have beaches, nightclubs, restaurants, shopping, local parks that Miami Beach residents can access for free (hockey, pool, after school activities and more), boating, retiree friendly activities and so much more.  Miami Beach is often referred to as a “party town” and although we definitely have our fair share of parties, we are so much more than a big party.  It’s a huge diverse community of people and a great one at that!

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Apartment Rentals Miami Beach-going all luxury? My top 5 picks…

By
Jamey
 – March 4, 2010Posted in: Miami Beach Buildings

Apartment Rentals Miami Beach-going all luxury?

Miami Beach is a rental kind of town.   In this market, we have some amazing luxury apartment rentals. However, I should definitely clarify a bit.  I have noticed that when most people call me to inquire on rental property they often call the property “apartments” which is why I have used it as reference but in reality what you will be renting in Miami Beach is probably going to be a condominium.

Read more about what I think renters should know about apartment rentals in Miami Beach.

Even more details….

Let’s say you are driving down Collins Avenue and you stumble across the building  Continuum.  It’s a huge glass building with hundreds of units inside of it.  We call these “units” condominiums not “apartments”.  Each of these units are owned by an individual owner (or company) and from there the property is managed by a property management company.  After the developer has sold “x” number amount of units, he/she will turn over the property to the unit owners.  From there these owners will create a board of directors and the board of directors and the property management company will manage the building.  When an owner decides to rent out his unit, he will either try and do it himself or hire a real estate agent to “list the property for rent”.  The owners pays the agents’ fees.

Prices for luxury rentals

Over the last 90 days in the buildings that I have listed below units rented from $2750 (1 bedroom) to $15,000 for a 3 bedroom in Setai Resort & Residences.

The Best of the Best… My pick of Top 5 luxury rentals in Miami Beach

1.  Apogee located at 800 South Pointe Drive  (South Beach neighborhood)

2.  Canyon Ranch 6801 Collins Avenue (Miami Beach Mid Beach)

3.  Continuum 100/50 South Pointe Drive (South Beach neigborhood)

4.  The Bath Club located at 5959 Collins Avenue (Miami Beach Mid Beach)

5.  Setai Resort & Residences 101 20 Street (South Beach neighborhood)



Written and Posted by:
Jamey Prezzi – REALTOR®
Keller Williams Miami Beach Realty
Search all Miami Beach Homes for Sale
Copyright © 2010 by Jamey Prezzi, All Rights Reserved …

*Luxury Apartments for Rent Miami Beach-Miami Beach Single Family Homes for Sale- Miami Beach Condominiums for Sale*

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Metropolitan Miami… views from the 10 line balcony

By
Jamey
 – January 19, 2010Posted in: Metropolitan, Pictures of Downtown Miami

In Miami, we live for our views.  We have bay views, city views, ocean views and more.  In fact a building can essentially have two completely different real estate markets inside of it just because of the view.

I took these pictures on Saturday while showing properties at Metropolitan, a newer building that is located in Downtown Miami just on the northern tip of Brickell.  One skip and you are in Brickell.  These pictures are from the 3610 unit (& for those who aren’t into Miami Real Estate lingo with floors and numbers)….  this means that this property is located on the 36th floor.

This particular unit has a really great view.  Walking out onto the balcony you have a direct view of Biscayne Bay, Brickell Key, South Beach, the Port of Miami and Key Biscayne.

Below is facing the buildings on Brickell Key.

View from Metropolitan Balcony

This is a shot of the southern view.  To the right is ICON Brickell on the main land of Miami, Biscayne Bay and the mouth of the Miami River.  To the left of the mainland is Brickell Key.

View from Metropolitan Balcony

This is Biscayne Bay.  To the right is Brickell Key.  On the left is first the Port of Miami, directly behind that the South of Fifth area of South Beach of Miami Beach.  And kind of center lower buildings is Fisher Island.

View from Metropolitan Balcony

Brickell Key

View from Metropolitan Balcony

I zoomed into take this one.  It’s the South of Fifth area of Miami Beach.  The tall orange building is Portofino Towers, right in front the lower building is the uber luxe Apogee.  The buildings on the far right are the two Continuum Towers.

View from Metropolitan Balcony

And here’s a little slide show if you want to see it again.

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New Publix in South Beach Opening Soon!

By
Jamey
 – October 14, 2009Posted in: Everything Else

South Beach Publix
Publix at 5th & Alton

Not really much of a grocery store kind of gal but all of my friends are crazy about this new Publix soon to open late October.  I will need to test it with a real grocery cart but these grocery isles do look to be pretty wide.  One thing you have to get used to living in Miami Beach is tight isles when grocery shopping.  It looks like the new Publix may alleviate this tight shopping experience.

Popular Miami Beach buildings that are now a little closer to Publix are:  ICON, Murano Grande, Yacht Club, Murano at Portofino, Apogee, Portofino, South Pointe Towers & both Continuum towers.

Publix at 5th & Alton

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How Many Miami Beach Condos are Listed as Short Sales?

By
Jamey
 – January 28, 2009Posted in: For Buyers, For Sellers, Miami Beach Buildings, Miami Beach Real Estate Update

Yesterday a client called and requested a Buyer’s Consultation regarding an interest in purchasing a Miami Beach Condo.  During the conversation she started asking me about short sales and if I would be able to include any short sales in her search results?

I told her to first read my blog post on Short Sales and of course I would send her all of the short sale listings. 

Miami Beach Real Estate Market Details

In Miami Beach there are currently 3856 condos on the market. 
619 are listed as short sales
68 are listed as pending sales
84 short sales closed last year

These 84 condos that closed as short sales really peaked my interest and I wanted to find out more details. 

The most expensive property that sold in 2008 in Miami Beach and was listed as a short sale was in Apogee.  Apogee is located at 800 South Pointe Drive in the South of Fifth Area of South Beach in Miami Beach.   The unit is a 3103 square feet, 3 bedroom 3.5 baths, 2 parking spaces and much, much more.   This property is the “uber luxe” building in the South Beach area.   The unit was listed at $4,695,000 and it sold for $4,265,000. 

Apogee Pool Area

The cheapest two bedroom that sold in Miami Beach and was listed as a short sale was  located at 801 Meridian Avenue.   The building was built in 1968 and the unit is 1230 square feet.  It is a 2 bedroom/ 2 bath with 1 parking spot.   It was listed at $230,000 and sold for $217,000. 

Two Bedroom Short Sale in Miami Beach

I pulled this statistics report from the MLS.  However most people don’t look for properties from $200,000 up to $1.5 million.  So the averages of course aren’t necessarily accurate if you are searching in a very specific price point.  However I did want to show the highs, the lows and everything in between. 

Market Analysis Report for 2 Bedroom Condos in Miami Beach Listed as Short Sales and Closed in 2008

Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 33
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP
High 2 3 1,929 $1,550,000 $1,008 $1,375,000 $900 113.38%
Low 2 1 785 $230,000 $187 $217,000 $176 53.66%
Average 2 2 1,238.77 $573,814 $448 $497,645 $388 89.3%
Median 2 2 1,190 $449,000 $408 $357,000 $340 89.86%

 

Market Analysis Report for 1 Bedroom Condos in Miami Beach Listed as Short Sales and Closed in 2008

Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 37
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP
High 1 2 1,260 $420,000 $541 $525,000 $616 159.58%
Low 1 1 400 $83,000 $147 $71,800 $144 71.8%
Average 1 1.05 774.52 $235,336 $303 $227,149 $291 95.3%
Median 1 1 780 $210,000 $265 $220,000 $254 98.19%

If you have questions about Miami Beach short sales or condos for sale in Miami Beach, please feel free to call me.
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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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Realtor® Association of Miami-Dade County. The detailed information on each listing contains the name of the listing agent and broker.