Top 3 Most Expensive Miami Beach Condos Sold – March 2011
April 21, 2011
There were 250 Miami Beach Condos sold in the month of March 2011. The highest sale being at Apogee for $4,995,000 and the lowest at The Royal South Beach, a historic condo-hotel studio (270 square feet), selling at $35,000. Condo-hotels are usually cash deals unless financed privately by the hotel, they are considered investment properties and banks will not finance them. Financing for Miami Beach condos in general has become challenging because bank underwriters... Continue Reading »
10 Ways to Turn-off Miami Beach Luxury Sellers
April 19, 2011
It’s a buyer’s market, right? So what could a good, willing and able buyer do to turn off a seller? If they are serious Miami Beach home sellers then you should have complete power as a buyer and make all the demands you want, right? WRONG! Think again! Just because it is a buyer’s market doesn’t mean every seller is desperate and it doesn’t mean a deal will be on your own terms either. It takes 2 parties to come to terms in a real estate transaction, and... Continue Reading »
Top 3 Most Expensive Miami Beach Homes sold in March 2011
April 15, 2011
There were 32 Miami Beach homes sold in March, compared to 21 sales in February and 9 in January. The top 3 most expensive sales were in the “mega luxury” category above $5 million and the lowest sale was the typical Normandy Island dry-lot home selling for $306,000. Miami Beach remains the same as always, one month you have a $12 Million listing for the highest sale and the next you have a $1.5 million. Foreign money is always coming in with Brazilians winning... Continue Reading »
Fisher Island Condos: Real Estate Market Report – March 2011
April 5, 2011
There are currently 117 Fisher Island Condos for sale: (same as last month) Highest priced listing: $30,000,000 for an exclusive Oceanside 5/5.5 home with artwork and all! Lowest priced listing: $180,000 for a one bedroom at Marina Village No2 (short sale) Pending Sales: 3 (2 less than last month) Closed sales in March : 2 (same as last month) The 2 Fisher Island Condos sold in March were the following: Oceanside Fisher Island– 7755 Fisher Island Dr – listed for $3,900,000... Continue Reading »
How To Invest in Miami Beach Properties
March 20, 2011
Investing in Miami Beach Real Estate is no easy task, especially in a down real estate market. How can you, as an investor, make sure your purchase venture is sound? How do you know which areas offer better returns historically in Miami and how to deal with all the intricacies of a Miami real estate transaction? We deal with a lot of investors, let’s face it – most of our clients are investors from Europe, South America, Canada and other parts of the United States. ... Continue Reading »