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	<title>www.PrimeMiamiBeach.com &#187; Indian Creek Archives  -Prime Miami Beach</title>
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		<title>7 things to consider when buying a Miami Beach Waterfront Home</title>
		<link>http://www.primemiamibeach.com/blog/7-buying-miami-beach-waterfront-home/</link>
		<comments>http://www.primemiamibeach.com/blog/7-buying-miami-beach-waterfront-home/#comments</comments>
		<pubDate>Fri, 20 Jan 2012 17:23:31 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
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		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=1009</guid>
		<description><![CDATA[If you are buying a Miami Beach waterfront home, you are likely to have a boat or will be considering a boat in the near future. We are constantly asked a number of questions regarding waterfront purchases and Rick and I decided to write a list of 7 important factors to consider when buying a [...]]]></description>
			<content:encoded><![CDATA[<p>If you are buying a Miami Beach waterfront home, you are likely to have a boat or will be considering a boat in the near future. We are constantly asked a number of questions regarding waterfront purchases and Rick and I decided to write a list of 7 important factors to consider when buying a waterfront home in Miami.</p>
<p><img title="Miami Beach Waterfront Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-30.png" alt="Picture 30 7 things to consider when buying a Miami Beach Waterfront Home" width="494" height="373" /></p>
<p><strong><img title="Miami Beach Waterfront home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-54.png" alt="Picture 54 7 things to consider when buying a Miami Beach Waterfront Home" width="75" height="75" />Condition of Sea wall &#8211; </strong></p>
<ol>It is important for anyone buying a waterfront property to get a seawall inspection by a structural engineer or a seawall specialist.  Inspections should include not only the actual seawall but also settling cracks within the main house, patios and pool as well as dock areas.  Because most canal systems in Miami and Miami Beach are artificially made or made with landfills, the integrity of the seawall could ultimately determine the integrity of the structure of the home.  Doing a visual inspection of seawalls of adjacent properties is also recommended in order to avoid future settling.</ol>
<p><strong><img title="Miami Beach Luxury Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-59.png" alt="Picture 59 7 things to consider when buying a Miami Beach Waterfront Home" width="75" height="75" />Type of waterfront property</strong></p>
<ol>- If you look at an aerial view of Miami and Miami Beach, you will notice that there are numerous types of waterfront properties:  lakes, rivers, canals with direct ocean access, canals with fixed bridges, canals with no ocean access, non-navigable canals, and bayfront homes, to name a few.  Depending on the type of boat you have, you will need to consider fixed bridges (clearance heights), depth of canals, and proximity to bay and or ocean access.  There are several waterfront communities in Miami and Miami Beach that have direct ocean access but you have to navigate at idle speed for miles which can mean being on your boat for a couple of hours before you can really do some boating.</ol>
<p><strong><img title="Miami Beach waterfront real estate" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-63.png" alt="Picture 63 7 things to consider when buying a Miami Beach Waterfront Home" width="75" height="75" />Boat Dock</strong></p>
<ol>- it is important to inspect not only the condition of an existing dock, but also if the type of dock can accommodate your boat. There are a lot of canals in Miami with natural coral sea walls and no docks – you may not want to dock your boat next to natural coral.  If there is no dock on the property, it may be a good idea to contact DERM (Department of Environmental Resources Management) about what kind of dock they will allow in a particular canal.  DERM may even send an inspector out to the property in order to make recommendations.</ol>
<p><strong><img title="Miami Beach Real Estate" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-65.png" alt="Picture 65 7 things to consider when buying a Miami Beach Waterfront Home" width="75" height="75" />Davits and/or Boat Lift</strong></p>
<ul>- depending on the size of the boat, most boat owners will not keep the vessel inside the water and use davits and/or boat lifts to raise the boat out of the water while not in use. Whichever your choice, make sure to inspect existing davits or make sure the existing seawall can accommodate a boat lift of your choice.</ul>
<p><strong><img title="Miami Beach Luxury Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-70.png" alt="Picture 70 7 things to consider when buying a Miami Beach Waterfront Home" width="75" height="75" />Protection from the elements </strong></p>
<p>Bayfront homes are obviously the most desired type of waterfront property but can also leave your property very exposed to the elements (weather and hurricanes).  Canal front properties are said to protect not only your house, but boats as well in case of increment weather.  This doesn’t mean that you should not purchase a bayfront home, it means you should consider location when purchasing.</p>
<p><strong><img title="Miami Beach Luxury Real Estate" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-72.png" alt="Picture 72 7 things to consider when buying a Miami Beach Waterfront Home" width="75" height="75" />Location of home within a canal</strong></p>
<ul>- because of the intricate design of canals in Miami and Miami Beach, some canals may be comparable to dead-end streets.  These canals, depending on currents and wind may accumulate debris and garbage that can become a nuisance.  If a property is located at the end of a dead-end canal, make sure you ask about accumulation of debris throughout the year.</ul>
<p><strong><img title="Miami Beach Luxury Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-86.png" alt="Picture 86 7 things to consider when buying a Miami Beach Waterfront Home" width="75" height="75" />Insurance Costs</strong></p>
<ul>- just keep in mind that property insurance costs will be higher for waterfront homes, especially open bay properties.</ul>
<p>&nbsp;</p>
<p>There is nothing like owning a Miami Beach waterfront home. To be able to enjoy our beautiful weather as well as the views is priceless and it is what makes Miami Waterfront Real Estate so unique.</p>
<p><em>*originally published on Nov. 23, 2008*</em></p>
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		<title>Miami Beach Waterfront Homes sold in 2011</title>
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		<pubDate>Wed, 04 Jan 2012 18:35:28 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
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		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=1003</guid>
		<description><![CDATA[There are 165 Miami Beach waterfront homes for sale right now ranging from a $399,000 North Beach home on Hawthorne Avenue (outside Biscayne Point Island), to a $35 Million Star Island Mansion.  Although the private island of Indian Creek is not considered Miami Beach, we can’t forget the $60 Million property for sale there … [...]]]></description>
			<content:encoded><![CDATA[<p>There are 165 Miami Beach waterfront homes for sale right now ranging from a $399,000 North Beach home on Hawthorne Avenue (outside Biscayne Point Island), to a $35 Million Star Island Mansion.  Although the private island of Indian Creek is not considered Miami Beach, we can’t forget the $60 Million property for sale there … which is the most expensive home listed in South Florida to date.</p>
<p><img title="3 Indian Creek Dr - Indian Creek Home for Sale - Luxury real estate" src="http://www.miamism.com/wp-content/uploads/2011/12/3-Indian-Creek-Dr.jpg" alt="3 Indian Creek Dr Miami Beach Waterfront Homes sold in 2011" width="600" height="401" /></p>
<p>Miami Beach waterfront homes are well-known throughout the world and offer unparalleled distinction, but not all Miami Beach homes were created equal – desirability has to do with location, condition of the property, size and views.  We will give you a break down of all the homes that were sold this year per island in order to be able to differentiate and understand pricing throughout Miami Beach.</p>
<blockquote><p>The formula to understanding the Miami Beach waterfront home market is knowing that no matter what the comps are, most buyers are cash buyers and price is determined mostly by desirability of the property, not so much by how much other comparable homes have sold for. This is a total anomaly and difficult for a lot of buyers to understand, especially if you are looking to upgrade from a non-waterfront home, or are ready to make the switch to this very desirable lifestyle.</p></blockquote>
<p>The Median Listing price for a Miami Beach waterfront home is currently $4.7 Million.  And if you are not convinced that this real estate sector is hot, out of the 165 homes listed for sale, only 2 are distressed (both are short sales – one in Normandy Island and the other one in Mid-Beach).</p>
<p>There were 100 Miami Beach waterfront homes sold in 2011.</p>
<h2>Star Island Home Sales</h2>
<p>4 Star Island waterfront homes sold – averaging $1,137 per square foot with the highest sale at $25.5 Million for the house located at 13 Star Island Dr – with 15,000 sf of living space, 8 bedrooms, 40,000 sf lot and 100 feet of water frontage.<br />
<img title="13 Star Island Dr - Star Island Homes" src="http://www.miamism.com/wp-content/uploads/2011/12/13-Star-Island-Dr.jpg" alt="13 Star Island Dr Miami Beach Waterfront Homes sold in 2011" width="600" height="435" /></p>
<h2>Palm Island Home Sales</h2>
<p>2 Palm Island homes sold on the water -  highest sale at $14.2 Million for the house located at <a title="94 Palm Av - Miami Beach Homes" href="http://www.miamism.com/top-3-most-expensive-miami-beach-homes-sold-in-july-2011/" target="_blank">94 Palm Avenue</a> with over 14,000 sf of living space, 8 bedrooms and 200′ of water frontage.  The average price per square foot for Palm Island homes coming in at $912.</p>
<p><img title="94 Palm Av - Miami Beach Luxury Homes" src="http://www.miamism.com/wp-content/uploads/2011/12/94-Palm-Av.jpg" alt="94 Palm Av Miami Beach Waterfront Homes sold in 2011" width="600" height="430" /></p>
<h2>Hibiscus Island Home Sales</h2>
<p>5 Hibiscus Island homes sold on the water – price ranging between $1.9 and $9.35 Million.  The highest sale of $9,350,000 was for the <a title="40 S Hibiscus Dr - Palm Island Home sold" href="http://www.miamism.com/miami-beach-luxury-home-pick-hibiscus-island/" target="_blank">home designed by Oppenheim, located at 40 S Hibiscus</a>, with 8,000 sf of living space, 24,000 sf lot, 8 bedrooms and 120′ of water frontage. The average price per square foot in Palm Island was $740.<a title="40 S Hibiscus - Miami Beach homes" href="http://www.miamism.com/miami-beach-luxury-home-pick-hibiscus-island/" target="_blank"><img title="40 S Hibiscus Dr - Palm Island home sold in 2011" src="http://www.miamism.com/wp-content/uploads/2011/12/Screen-shot-2011-12-31-at-4.08.35-PM.png" alt="Screen shot 2011 12 31 at 4.08.35 PM Miami Beach Waterfront Homes sold in 2011" width="600" height="477" /></a></p>
<h2>Venetian Islands Home Sales</h2>
<p>There were 18 Venetian Island waterfront homes sold – prices ranging between $1.595 Million to $5.5 Million, with an average price per sf of $692.  The highest sale was for the unfinished construction at<a title="1429 N Venetian Wy - miamism.com" href="http://www.miamism.com/top-3-most-expensive-miami-beach-homes-sold-in-march-2011/" target="_blank"> 1429 N Venetian Wy</a>, with over 13,000 sf of living space, 26,764 sf lot, 8 bedrooms and 200 feet of water frontage<img title="1429 N Venetian Way - Miami Beach luxury homes" src="http://www.miamism.com/wp-content/uploads/2011/06/1429-N-Venetian-Wy-SOLD.jpg" alt="1429 N Venetian Wy SOLD Miami Beach Waterfront Homes sold in 2011" width="600" height="418" /></p>
<h2>Sunset Islands Home Sales</h2>
<p>There were 6 Sunset Island homes sold on the water – prices ranging between $2.4 million and $19.9 Million.  The average price per sq.ft. coming in at $924.  The highest sale was a historically significant home designed by Maurice Fatio at <a title="1736 W 28 St - Miami Beach Homes" href="http://www.miamism.com/top-3-most-expensive-miami-beach-homes-sold-in-july-2011/" target="_blank">1736 W 28th St</a>, with 70,885 sf of land, over 11,000 sf of living space, 7 bedrooms and 453 feet of water frontage!</p>
<p><img title="1736 W 28th St - Sunset Island" src="http://www.miamism.com/wp-content/uploads/2011/12/1736-W-28th-St-Sunset-Island.jpg" alt="1736 W 28th St Sunset Island Miami Beach Waterfront Homes sold in 2011" width="600" height="413" /></p>
<h2>North Bay Road Home Sales</h2>
<p>There were 10 North Bay Rd waterfront homes sold this year.  Their prices ranging between $1.55 to $15 Million and averaging $787 per sq.ft.  The highest sale was for the 13,000 sf home located at 4580 N Bay Rd, with over 24,000 sf of land, 8 bedrooms and 148 feet of open bay water frontage.</p>
<p><img title="4580 N Bay Rd - North Bay Road Homes on the water" src="http://www.miamism.com/wp-content/uploads/2011/12/4580-N-Bay-Rd.jpg" alt="4580 N Bay Rd Miami Beach Waterfront Homes sold in 2011" width="600" height="425" /></p>
<h2>La Gorce Island Home Sales</h2>
<p>There were 2 waterfront La Gorce Island homes sold.  One for $6.5 Million and the other for $11.6 Million and averaging $909 per sq.ft.  The highest sale was the ultra contemporary home at 94 La Gorce Cr with over 15,000 sf of living space, over 20,000 sf lot, 9 bedrooms and 120 feet of water frontage.</p>
<p><img title="94 La Gorce Cr - miami beach luxury homes" src="http://www.miamism.com/wp-content/uploads/2011/12/94-La-Gorce-Cr.jpg" alt="94 La Gorce Cr Miami Beach Waterfront Homes sold in 2011" width="600" height="391" /></p>
<h2>Allison Island Home Sales</h2>
<p>There was one waterfront Allison Island home sold this year at 6475 Allison Rd.  The home has almost 5,000 sf of living space, over 21,000 sf of land, 5 bedrooms, 100 feet of water frontage and sold for $2.45 Million at $494 per sf… BARGAIN!! (even for a fixer upper).</p>
<p><img title="6475 Allison Rd - Miami Beach Homes" src="http://www.miamism.com/wp-content/uploads/2011/12/6475-Allison-Rd.jpg" alt="6475 Allison Rd Miami Beach Waterfront Homes sold in 2011" width="600" height="218" /></p>
<h2>North Bay Island Home Sales</h2>
<p>There were no waterfront homes sold in N. Bay Island</p>
<h2>Normandy Island Home Sales</h2>
<p>There were 8 waterfront homes sold in Normandy Island, which historically, has been the least expensive waterfront real estate in Miami Beach.  They ranged in price between $770,000 and $2.6 Million for the bay front home located at 1800 Bay Drive – with over 5,000 sf of living space, 5 bedrooms, over 10,000 sf of land and 60 feet of water frontage.  The average price per sq.ft. in Normandy Island coming in at $437.</p>
<h2>Biscayne Point Home Sales</h2>
<p>11 Biscayne Point waterfront homes sold in 2011 ranging between $385,000 for a foreclosure, to $1.15 Million for the home located at 7972 Biscayne Point Cr.  This home has over 4,000 sf of living space, 5 bedrooms, 12,150 sf lot and 100 feet of water frontage.  The average price per sq.ft. in Biscayne Point coming in at $219.</p>
<h2>Stillwater Island Home Sales</h2>
<p>12 Stillwater Island waterfront homes sold ranging between $550,000 for a foreclosure, to $1.7 Million for the home at 1481 Stillwater Dr – with 2,800 sf of living space, 4 bedrooms, 7,500 sf lot and 50 feet of water frontage.  The average price per square feet for Stillwater being $378.</p>
<h2>Pinetree Drive Home Sales</h2>
<p>There were 5 Pinetree waterfront homes sold ranging between $1.9 (for an unfinished abandoned construction home), and $6.5 Million.  The highest sale of $6,536,289 was for the mediterranean mansion located at 4855 Pinetree Dr, with over 10,000 sf of living space, almost 40,000 sf lot, 6 bedrooms and 100 feet of water frontage.  The average price per sq.ft. in Pinetree coming in at $660.</p>
<p><img title="4855 Pinetree Dr SOLD" src="http://www.miamism.com/wp-content/uploads/2011/12/4855-Pinetree-Dr-SOLD.jpg" alt="4855 Pinetree Dr SOLD Miami Beach Waterfront Homes sold in 2011" width="600" height="639" /></p>
<p>It is obvious that the waterfront housing market in Miami Beach improved by a landslide in 2011 and this is evidenced by amount of sales, decrease in inventory as well as decrease in distressed properties for sale.  There are still some areas like Biscayne Point and Stillwater that are not out of the water (pun intended), but this helps keep a balance with the rest of Miami Beach.  Here is a graph showing price per square foot in each of the islands, and as expected, Star Island is at the top with The Sunset Island and La Gorce Island following close behind.</p>
<p><img title="Miami Beach waterfront home sales per square foot in 2011" src="http://www.miamism.com/wp-content/uploads/2011/12/Screen-shot-2011-12-31-at-6.01.56-PM.png" alt="Screen shot 2011 12 31 at 6.01.56 PM Miami Beach Waterfront Homes sold in 2011" width="601" height="427" /></p>
<p>What’s fortunate for everyone looking to buy or sell their Miami Beach waterfront property, is that because there have been sales, we now have real comps.  This means that buyers and sellers don’t have to pull numbers out of their imagination but have real numbers to base their decisions on.  Granted….in our Miami Beach Luxury real estate market, this doesn’t mean much, great homes many times sell for unfathomed prices just because they are fabulous.</p>
<p>I’ll end this report with last years’ quote,</p>
<blockquote><p>As much as I hate scripts and we’re taught to say “a home is worth what a buyer is willing to pay and a seller is willing to accept”…it could not be more true when it comes to Miami Beach Homes, especially when dealing with waterfront homes</p></blockquote>
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		<title>Miami Beach Luxury Housing Report – first half of 2011</title>
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		<pubDate>Mon, 04 Jul 2011 16:16:23 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
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		<description><![CDATA[I can’t believe 1/2 of 2011 is already gone!  Fortunately for Miami Beach Realtors, things are improving on a daily basis and we have been busy!  So here is the scoop on what has happened with Miami Beach homes in the first half of the year.  There were 130 Miami Beach homes sold already in [...]]]></description>
			<content:encoded><![CDATA[<p>I can’t believe 1/2 of 2011 is already gone!  Fortunately for Miami  Beach Realtors, things are improving on a daily basis and we have been  busy!  So here is the scoop on what has happened with Miami Beach homes  in the first half of the year.  There were 130 Miami Beach homes sold  already in 2011 – out of those, 55 were sales over $1 Million which is  42% of all sales….not bad for a “depreciating market”.  You need to keep  in mind that when the big honchos like the <a title="case shiller index by the miami herald" href="http://blog.miamism.com/south-florida-home-prices-fall-hit-new-bottom" target="_blank">Case-Shiller Index</a>,  come up with their data interpretation, they pull together ALL of  Miami-Dade County and the numbers look grim – so the need to go local is  crucial to get a real perspective (yes, I sound like a broken record).</p>
<p><a title="Miami Beach Waterfront Home Sales - first half of 2011" href="http://dl.dropbox.com/u/465913/miami%20beach%20waterfront%20sales%20first%20half%20of%202011.pdf" target="_blank"><img title="Miami Beach Homes sold in first half of 2011 - miami beach waterfront homes" src="http://www.miamism.com/wp-content/uploads/2011/06/Screen-shot-2011-06-29-at-4.22.02-PM.png" alt="Screen shot 2011 06 29 at 4.22.02 PM Miami Beach Luxury Housing Report – first half of 2011" width="599" height="407" /></a></p>
<p>Because we do specialize in Miami Beach luxury homes and waterfront  homes, I will give you a summary of all the waterfront homes sold this  year in Miami Beach and I will break those down by island or desirable  location within Miami Beach.  You will see a lot of Mega sales (the ones  above $3 Million), which is a change from 2010. (click on the graph  above to download PDF of all sales to date).</p>
<h2>Star Island Home Sales</h2>
<p>There were only 3 Star Island homes sold so far this year ranging  from $7.1 million to $25.5 million!  The average price per square foot  coming in at $1,028 and the highest for all of Miami Beach.</p>
<p><img title="13 star island - Miami Beach Luxury homes" src="http://www.miamism.com/wp-content/uploads/2011/06/13-star-island.jpg" alt="13 star island Miami Beach Luxury Housing Report – first half of 2011" width="600" height="445" /></p>
<p>13 Star Island was listed for $32,000,000 and sold for $25,500,000.   With 8 bedrooms / 8 bathrooms / 2 half-baths, 15,008 square feet of  living space on a 100′ X 400′ lot with private dock, pool, boat lift,  state of the art electronics ….yada yada yada – (everything you would  expect from a 15,000 sf mansion).  What’s amazing is that this house was  listed January of 2011 and sold in only 2 months!  (the monthly rental  for this gem was $325,000 – higher than the average home in  Dade-County!) &lt;&lt; that’s why I love Miami.</p>
<h2>Hibiscus Island Home Sales</h2>
<p>There were 3 Hibiscus Island homes sold this year ranging from $2.4  Million to $9.35 Million.  The average price per square foot for the  island coming in at $828.  The highest sale in Hibiscus was my all-time  favorite home designed by Oppenheim at 40 South Hibiscus Drive – <a title="Article about: Miami Beach Luxury Home Pick – Hibiscus Island" rel="bookmark" href="http://www.miamism.com/page/miami-beach-luxury-home-pick-hibiscus-island/">Miami Beach Luxury Home Pick – Hibiscus Island</a> &lt;&lt; click to see the photos -<strong> A – MA- ZING</strong>!!   and the lucky buyer walked away with this beauty for $9.350 Million.   The house was originally listed for $13,995,000 in June of 2010, was  reduced several times and sold in May.</p>
<h2>Venetian Islands Home Sales</h2>
<p>The Venetian Islands are seeing quite a bit of movement in the past 2  months, and there have been 12 waterfront home sales this year with an  average price per square foot of $725 – quite an increase from the  average <a title="Miami Beach Waterfront Homes sales in 2010" href="http://www.miamism.com/miami-beach-waterfront-homes-sold-in-2010/" target="_blank">$634/sf in 2010</a>! The highest sale was for unfinished construction at $5.5 Million back in March.</p>
<p><img title="1429 N Venetian Way - Miami Beach luxury homes" src="http://www.miamism.com/wp-content/uploads/2011/06/1429-N-Venetian-Wy-SOLD.jpg" alt="1429 N Venetian Wy SOLD Miami Beach Luxury Housing Report – first half of 2011" width="600" height="418" />1424 N Venetian Way came in as the <a title="3 top priced Miami Beach homes sold in March 2011" href="http://www.miamism.com/top-3-most-expensive-miami-beach-homes-sold-in-march-2011/" target="_blank">2nd highest Miami Beach home sold in March of 2011</a>.  It was originally listed at $6.5 Million in August of 2009 and finally sold for $5.5.</p>
<h2>Sunset Islands Home Sales</h2>
<p>The Sunset islands have seen better days with only 2 sales so far  this year and average price per square foot of $717 (less than The  Venetian Islands which is unheard of!).</p>
<p><img title="1410 W 25 St  - Sunset Island Homes - Miami Beach Luxury Homes" src="http://www.miamism.com/wp-content/uploads/2011/06/1410-W-25-St.jpg" alt="1410 W 25 St Miami Beach Luxury Housing Report – first half of 2011" width="600" height="399" /></p>
<p>1410 W 25 St – sold for $5,000,000 on June 7th, 2011.  Located in  Sunset Island 2 – with 5,920 sf and 20,200 sf lot (inside lot, not open  bay).  This house was purchased for $6.5 Million in November 2005 and  took only 3 weeks to sell when they listed it for $5.499 Million in  April of this year.  The Marketing description <span style="text-decoration: line-through;">reading: </span>screaming in all caps:</p>
<blockquote><p>GREAT MIAMI BEACH WATERFRONT ESTATE WHERE QUIET COLORS  CREATE A BOLD IMPACT YET A RELAXED SENSE OF INDULGENCE. BEST DESCRIBED  AS THE HOUSE THAT BECOMES YOUR HOME, THIS BEAUTIFULLY REMODELED FIVE  BEDROOM, (WITH OPTION TO USE THE STUDY AS A SIXTH BEDROOM) AND SIX AND  ONE HALF BATH ISLAND OASIS, EXUDES TRANQUILITY AWASH A SEA OF WIDE-OPEN  SPACES, LUSH TROPICAL LANDSCAPING AND 100 FEET OF WATERFRONT FRONTAGE.  A  STONE-THROW AWAY FROM THE OPEN BAY!</p></blockquote>
<h2>North Bay Road Home Sales</h2>
<p>I’m always curious to analyze how North Bay Road Mansions stand up  against the rest of Miami Beach.  There are no private gates, but  gorgeous open bay views that take your breath away.  There have been 5  North Bay Road homes sold this year, which are not a real representation  of what usually sells and the average price per sq.ft. coming in at  $769.  The highest sale was in our <a title="top 3 most expensive miami beach homes sold" href="http://www.miamism.com/top-3-most-expensive-miami-beach-homes-sold-in-april-2011/" target="_blank">Top 3 highest Miami Beach Homes – April edition.</a></p>
<p><img title="5380 N Bay Rd - Miami beach luxury homes" src="http://www.miamism.com/wp-content/uploads/2011/06/5380-N-Bay-Rd-SOLD.jpg" alt="5380 N Bay Rd SOLD Miami Beach Luxury Housing Report – first half of 2011" width="600" height="437" /></p>
<h2>Pinetree Drive Home Sales</h2>
<p>Pinetree has only had 2 waterfront home sales this year, with an  average price per sq.ft. $621.  The highest Pinetree Drive Home was in  our Top 3 Miami Beach Home Sales – March edition.</p>
<p><img title="4855 Pinetree Dr - Miami Beach luxury homes" src="http://www.miamism.com/wp-content/uploads/2011/07/4855-Pinetree-Dr-SOLD.jpg" alt="4855 Pinetree Dr SOLD Miami Beach Luxury Housing Report – first half of 2011" width="600" height="639" /></p>
<h2>More Miami Beach Home Sales</h2>
<p>In addition to the mentioned sales, there was also one sale in  Allison Island for $2.45 Million (fixer upper selling at $491 / square  foot), and no waterfront sales yet in La Gorce Island, Bal Harbour, Bay  Harbor Islands, Indian Creek Village or Palm Island.  Normandy Island  had 5 sales with an average price per square foot of $436 and we decided  to add Golden Beach to the mix because we are seeing a lot of people  considering the move there because of affordability factors.</p>
<h2>Golden Beach Home Sales</h2>
<p>There have been  7 waterfront Golden Beach homes sold this year with  an average price of $621/sq.ft.  The highest sale was an oceanfront  house selling at $7.7 Million</p>
<p><img title="277 ocean blf - Golden Beach Home on the ocean" src="http://www.miamism.com/wp-content/uploads/2011/07/277-ocean-blf.jpg" alt="277 ocean blf Miami Beach Luxury Housing Report – first half of 2011" width="600" height="428" /></p>
<p>277 Ocean Blvd sold in March for $1,186 / sq.ft. – that’s higher than  the Star Island home sale but then again, we are talking beach front.  A  6,495 sf house on a 20,700 sf lot with 6 bedrooms, 6 bathrooms and 1  half-bath, 2-car garage, totally renovated with a monthly rental price  of $42,000.  It was originally listed for $11,800,000 in 2006.  Remember  that <a title="Ricky Martin's Golden Beach home" href="http://www.miamism.com/ricky-martins-golden-beach-home-for-sale/" target="_blank">Ricky Martin is also selling his Golden Beach home</a> – that one listed for $18.9 Million.</p>
<p>So there you have a brief synopsis of what has happened to the Miami  Beach Waterfront Housing Market in the first half of the year.  To  download the data associated with this article, please click on the  button bellow.  **<em>all information obtained from the Southeast Florida Multiple     Listing Service</em>**</p>
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		<title>Google your Miami Beach REALTOR</title>
		<link>http://www.primemiamibeach.com/blog/google-miami-beach-realtor/</link>
		<comments>http://www.primemiamibeach.com/blog/google-miami-beach-realtor/#comments</comments>
		<pubDate>Tue, 28 Jun 2011 16:13:18 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
				<category><![CDATA[Bal Harbour]]></category>
		<category><![CDATA[Bay Harbor Islands]]></category>
		<category><![CDATA[Blog]]></category>
		<category><![CDATA[Fisher Island]]></category>
		<category><![CDATA[Hibiscus Island]]></category>
		<category><![CDATA[Indian Creek]]></category>
		<category><![CDATA[La Gorce Island]]></category>
		<category><![CDATA[Miami Beach]]></category>
		<category><![CDATA[Palm Island]]></category>
		<category><![CDATA[South Beach]]></category>
		<category><![CDATA[Star Island]]></category>
		<category><![CDATA[Sunset Islands]]></category>
		<category><![CDATA[Venetian Islands]]></category>
		<category><![CDATA[Miami Beach homes]]></category>
		<category><![CDATA[miami beach realtors]]></category>

		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=875</guid>
		<description><![CDATA[Dear Miami Beach home Seller: Do you realize that today’s real estate buyer is smart? is educated? and will research your property to death before they even place an offer? Most of you are even aware that almost 90% of buyers start their search on the Internet, so what do you have to do to [...]]]></description>
			<content:encoded><![CDATA[<p>Dear Miami Beach home Seller:</p>
<p>Do you realize that today’s real estate buyer is smart? is educated?  and will research your property to death before they even place an  offer?</p>
<p>Most of you are even aware that almost 90% of buyers start their  search on the Internet, so what do you have to do to sell your home?</p>
<p>If you are planning to sell, you have to be just as smart as those  buyers and you need to do a little homework.  Your research should start  with Google.</p>
<p><img title="google your Miami Realtor" src="http://miamism.com/wp-content/uploads/2008/06/google-your-realtor.jpg" alt="google your realtor Google your Miami Beach REALTOR" width="600" height="239" /></p>
<p style="text-align: center;">
<p>Google the area you live in to see which agents have a strong  Internet presence.  Those agents that have a strong presence will know  how to market your property on-line and will know how to expose your  listing to millions of buyers.</p>
<p>Example:  You want to sell you Miami Shores Home – you should Google  “Miami Shores Real Estate”, “Miami Shores”, “Miami Shores Homes” and any  other combination thereof.  Take a look at the first 2 (maybe even 3)  pages of Google Searches and find out what each one of those Realtors is  doing to market their listings.</p>
<p>It’s not about your Realtor having a website anymore, it’s about your  Realtor knowing where to place your listing, exposing your property in  not only local web-portals, but all over the world.</p>
<p>If you are not finding your favorite agent in Google, or the  properties they are selling, it may be time to re-examine your “selling  strategy”.</p>
<p>Please remember that although this is a very important part of the  equation, once you find that “Googable Realtor” (no that’s not a real  word), you should also follow home preparation and pricing  recommendations.</p>
<ul>
<li>
<h3><a title="Staging you Miami Home" href="http://www.miamism.com/staging-is-useless-why-you-should-never-stage-your-miami-home-before-you-sell" target="_blank">Staging your Miami Home</a></h3>
</li>
</ul>
<ul>
<li>
<h3><a title="Permanent link to full entry: Why isn't your Miami home selling?" rel="bookmark" href="http://www.miamism.com/why-isna-039-t-your-miami-home-selling">Why isn’t your Miami home selling?</a></h3>
</li>
<li>
<h3><a title="Pricing your Miami Home" href="http://www.miamism.com/miami-home-sellers-to-the-race-ready-set-go" target="_blank">Pricing your Miami Home</a></h3>
</li>
<li>
<h3><a title="Permanent link to full entry: How to Sell Your Home in Black and White" rel="bookmark" href="http://www.miamism.com/how-to-sell-your-home-in-black-and-white">How to Sell Your Home in Black and White</a></h3>
</li>
<li>
<h3><a title="Home Sellers can't handle the truth" href="http://www.miamism.com/home-sellers-don-t-want-the-truth" target="_blank">Home Sellers Can’t Handle The Truth</a></h3>
</li>
<li>
<h3><a title="First Impressions in Real Estate" href="http://www.miamism.com/first-impressions-in-real-estate" target="_blank">First Impressions in Real Estate</a></h3>
</li>
</ul>
<p><em>**originally published June 25th, 2008**</em></p>
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		<title>Why pick THAT Miami Beach Realtor?</title>
		<link>http://www.primemiamibeach.com/blog/pick-miami-beach-realtor/</link>
		<comments>http://www.primemiamibeach.com/blog/pick-miami-beach-realtor/#comments</comments>
		<pubDate>Tue, 15 Feb 2011 21:24:43 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
				<category><![CDATA[Bal Harbour]]></category>
		<category><![CDATA[Bay Harbor Islands]]></category>
		<category><![CDATA[Blog]]></category>
		<category><![CDATA[Fisher Island]]></category>
		<category><![CDATA[Hibiscus Island]]></category>
		<category><![CDATA[Indian Creek]]></category>
		<category><![CDATA[La Gorce Island]]></category>
		<category><![CDATA[Miami Beach]]></category>
		<category><![CDATA[Palm Island]]></category>
		<category><![CDATA[South Beach]]></category>
		<category><![CDATA[Star Island]]></category>
		<category><![CDATA[Sunset Islands]]></category>
		<category><![CDATA[Venetian Islands]]></category>
		<category><![CDATA[Miami Beach Luxury Real Estate]]></category>
		<category><![CDATA[miami beach real estate]]></category>
		<category><![CDATA[miami beach realtors]]></category>

		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=805</guid>
		<description><![CDATA[You are interviewing Miami Beach REALTORS and have no idea who to hire because they all have something that impresses you, good track record, good communication skills, good client testimonials, good Internet presence…..so how can you make up your mind? The key is to be able to identify how they market themselves as opposed to [...]]]></description>
			<content:encoded><![CDATA[<p><img title="Miamism - Brand vs Product Marketing" src="http://www.miamism.com/wp-content/uploads/2011/02/Screen-shot-2011-02-11-at-11.14.45-PM.png" alt="Screen shot 2011 02 11 at 11.14.45 PM Why pick THAT Miami Beach Realtor?" width="490" height="479" /></p>
<p>You are interviewing Miami Beach REALTORS and have no idea who to  hire because they all have something that impresses you, good track  record, good communication skills, good client testimonials, good  Internet presence…..so how can you make up your mind?</p>
<p>The key is to be able to identify how they market themselves as  opposed to how they market properties.  At first this may seem like easy  task, but once you start thinking about it you realize that most  REALTORS spend more money branding themselves that promoting their  properties.  Not that there’s anything wrong with that, it’s only wrong  when they want to sell you their branding efforts as property marketing.</p>
<p>In addition to identifying the type of marketing an agent does, it’s  good to know where marketing efforts need to be more aggressive and  where buyers will ultimately find your home.  The National Association  of Realtors (NAR) just published a 2010 profile of home buyers and  sellers which includes this graph that details where buyers found the  home they purchased from 2001 through 2010.</p>
<p><img title="NAR - Where do buyers find their home" src="http://www.miamism.com/wp-content/uploads/2011/02/Screen-shot-2011-02-11-at-11.19.33-PM.png" alt="Screen shot 2011 02 11 at 11.19.33 PM Why pick THAT Miami Beach Realtor?" width="600" height="245" /></p>
<p>Interestingly enough, in 2010, 75% of buyers bound their home with  the help of another REALTOR or on-line! (and the Internet is half of  that number).  Which just means that yard signs, open houses, newspaper  and magazine ads and brochures are a minuscule part of the equation!   Seriously??  But those property brochures are so pretty!!  And what have  we been telling you?  The brochures are part of an agent’s branding  efforts, it gets them more listings….not necessarily sell homes.</p>
<h2>Brand Marketing vs. Product Marketing</h2>
<p>A good REALTOR will use both types of marketing not only to attract  more clients but to ultimately sell real estate.  Furthermore, Brand and  Product will often be combined because in real estate, you really can’t  separate one from the other.  A good example of this will be direct  mailers with “just listed” information – the property will be shown and  described and the agent brand will be emphasized – but do you see these  in the list above? Yet one overly used home selling pitch is that  “neighbors will tell friends and family about the home, which is the  best type of word-of-mouth marketing” &lt;&lt; can you say “MEANINGLESS  SCRIPT”?</p>
<p><a title="Brand vs Product Marketing - suite101" href="http://www.suite101.com/content/how-to-differentiate-brand-and-product-marketing-a202602" target="_blank">Tracey Drake from Suite101.com</a> gives us a great analogy to differentiate the two:</p>
<ul>
<blockquote>
<li>Ford telling consumers that “Quality is Job 1″ – this is Brand Marketing</li>
<li>Selling that consumer a Ford Mustang – this is Product Marketing</li>
</blockquote>
</ul>
<p>So what am I telling you here?  In a customer service driven society,  how can we not know when we are buying something for the brand, not  necessarily the quality?  How can we not realize that the pretty  magazine ad will not sell our home?  or the ingenious TV ad or the  catchy yard sign?</p>
<p>So sit down with your Miami Beach Realtor and ask how they are using  The Internet to reach the end buyer, what will they do differently to  make your home stand out from the thousands of properties on the web and  how is their business relationship with other Realtors since ultimately  it will be their competition who will bring your home’s buyer.</p>
<p>For additional marketing insights, read Seth Godin’s <a title="What do you know by Seth Godin" href="http://sethgodin.typepad.com/seths_blog/2008/05/what-do-you-kno.html">What do you know? </a>- a great list that manages to separate egos from achievers with some of my favorite points:</p>
<ul>
<li>Anticipated, personal and relevant advertising always does better than unsolicited junk.</li>
<li>You can’t fool all the people, not even most of the time. And people, once unfooled, talk about the experience.</li>
<li>Traditional ways of interrupting consumers (TV ads, trade show  booths, junk mail) are losing their cost-effectiveness. At the same  time, new ways of spreading ideas (blogs, permission-based RSS  information, consumer fan clubs) are quickly proving how well they work.</li>
<li>Good marketers tell a story.</li>
<li>Living and breathing an authentic story is the best way to survive in an conversation-rich world.</li>
<li>In the googleworld, the best in the world wins more often, and wins more.</li>
</ul>
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		<title>Miami Beach Real Estate Market Reports for 2010 – Indian Creek Luxury Homes</title>
		<link>http://www.primemiamibeach.com/blog/miami-beach-real-estate-market-reports-for-2010-indian-creek-luxury-homes/</link>
		<comments>http://www.primemiamibeach.com/blog/miami-beach-real-estate-market-reports-for-2010-indian-creek-luxury-homes/#comments</comments>
		<pubDate>Mon, 10 Jan 2011 03:59:03 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Indian Creek]]></category>
		<category><![CDATA[celebrity homes]]></category>
		<category><![CDATA[indian creek homes]]></category>
		<category><![CDATA[indian creek island]]></category>
		<category><![CDATA[miami beach celebrity homes]]></category>
		<category><![CDATA[miami beach luxury homes]]></category>

		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=789</guid>
		<description><![CDATA[Only one Indian Creek home sold in 2010!  If you don’t know the area you may think this is really bad, but it is completely the opposite and reinforces the fact that Indian Creek Island is so exclusive.  We talked about the 2 Indian Creek homes sold in 2009 and keep in mind that price [...]]]></description>
			<content:encoded><![CDATA[<p>Only one Indian Creek home sold in 2010!  If you don’t know the area  you may think this is really bad, but it is completely the opposite and  reinforces the fact that Indian Creek Island is so exclusive.  We talked  about the <a title="Indian Creek Homes sold in 2009" href="http://www.miamism.com/miami-beach-real-estate-market-reports-for-2009-indian-creek-luxury-homes/" target="_blank">2 Indian Creek homes sold in 2009</a> and keep in mind that price per square foot on the island has to do  with property location (views) as well as how updated the home is.</p>
<p>Where exactly is Indian Creek?  It’s just South of Broad Causeway  (Bay Harbor Islands) and you have to go through Surfside for access by  car.  It’s a private island whose interior is occupied by a magnificent  golf course.  The homes occupy the perimeter of the island and famous  residents both past and present have included Victoria’s Secret model  Adriana Lima, Spanish singer Julio Iglesias, his son Enrique Iglesias,  pro golfer Raymond Floyd, coach Don Shula, radio magnate Raul Alarcon,  and former Philadelphia Eagles owner and billionaire art collector  Norman Braman.</p>
<p>And by the way….what you hear about Indian Creek’s obsession with  security is true.  They have a 24-hour boat patrol that circles the  island.  We have actually been stopped on our boat because we were “too  close”.  This is the photo we took of the currently listed most  expensive home in Miami Beach’s history! (another <a title="Todd Michael Glaser" href="http://www.miamism.com/top-3-most-expensive-miami-beach-home-sales-june-2010/" target="_blank">Todd Michael Glaser</a> impressive estate).  One of the 4 current listings in Indian Creek Island for $60 Million.</p>
<p><img title="Todd Michael Glaser in Indian Creek for $60 Million" src="http://www.miamism.com/wp-content/uploads/2011/01/Todd-Michael-Glaser-in-Indian-Creek-for-60-Million.jpg" alt="Todd Michael Glaser in Indian Creek for 60 Million Miami Beach Real Estate Market Reports for 2010 – Indian Creek Luxury Homes" width="600" height="456" /></p>
<h2>40 Indian Creek Dr – Indian Creek, FL 33154</h2>
<p><strong>Listed for $12,900,000 and selling for $9,300,000</strong></p>
<p><strong><img title="40 Indian Creek Dr - Indian Creek " src="http://www.miamism.com/wp-content/uploads/2011/01/40-Indian-Creek-Dr.jpg" alt="40 Indian Creek Dr Miami Beach Real Estate Market Reports for 2010 – Indian Creek Luxury Homes" width="600" height="418" /></strong></p>
<p>This 7,888 square foot waterfront mansion sits on a 53,736 square  foot lot with 118 feet of water frontage.  With 7 bedrooms, 8 bathrooms  and 2 half-baths, it faces Surfside waterfront homes and was listed on  and off since May of 2005 with a starting price of $14.9 Million.  Must  be nice to be the single sale of 2010!</p>
<blockquote><p>Waterfront residence with Magnificent views of the water.  Renovated Mediterranean home with old world elegance in a lifestyle of  luxury. Located on private Indian Creek Island, on over 53,700 SF of  sumptuous landscaped grounds. Home features 7 Bedrooms, 8 Baths, and 2  Half baths, 7800 SF interior. Property – 118 ft of prime waterfront.</p></blockquote>
<p>The 4 current listings in Indian Creek include:</p>
<ul>
<li>3 Indian Creek Drive (pictured above) – $60,000,000</li>
<li>17 Indian Creek Drive – $32,500,000</li>
<li>18 Indian Creek Drive – $17,900,000</li>
<li>38 Indian Creek Drive – $13,900,000</li>
</ul>
<p><img title="Indian Creek homes for sale" src="http://www.miamism.com/wp-content/uploads/2011/01/Indian-Creek-Actives-Jan-2011.jpg" alt="Indian Creek Actives Jan 2011 Miami Beach Real Estate Market Reports for 2010 – Indian Creek Luxury Homes" width="600" height="684" /></p>
<p><span style="width: 450px;"> </span></p>
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		<title>Not all Miami Beach Waterfront homes are created equal</title>
		<link>http://www.primemiamibeach.com/blog/miami-beach-waterfront-homes-created-equal/</link>
		<comments>http://www.primemiamibeach.com/blog/miami-beach-waterfront-homes-created-equal/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 17:32:22 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Fisher Island]]></category>
		<category><![CDATA[Hibiscus Island]]></category>
		<category><![CDATA[Indian Creek]]></category>
		<category><![CDATA[La Gorce Island]]></category>
		<category><![CDATA[Miami Beach]]></category>
		<category><![CDATA[Palm Island]]></category>
		<category><![CDATA[Star Island]]></category>
		<category><![CDATA[Sunset Islands]]></category>
		<category><![CDATA[Venetian Islands]]></category>
		<category><![CDATA[bayfront homes]]></category>
		<category><![CDATA[hibiscus island homes]]></category>
		<category><![CDATA[Miami Beach homes]]></category>
		<category><![CDATA[miami beach luxury homes]]></category>
		<category><![CDATA[miami beach waterfront homes]]></category>
		<category><![CDATA[North Bay Road Homes]]></category>
		<category><![CDATA[oceanfront homes]]></category>
		<category><![CDATA[palm island homes]]></category>
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		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=701</guid>
		<description><![CDATA[Miami Beach locals seem to understand that not all Miami Beach waterfront real estate is the same, but instead of assuming, I decided to do a brief synopsis of the different types of waterfront homes in Miami Beach. Many relocating to South Florida think waterfront means “beach-front” – you have no idea how many calls [...]]]></description>
			<content:encoded><![CDATA[<p>Miami Beach locals seem to understand that not all Miami  Beach waterfront real estate is the same, but instead of assuming, I  decided to do a brief synopsis of the different types of waterfront  homes in Miami Beach.  Many relocating to South  Florida<strong> </strong>think waterfront means “beach-front” – you have no idea  how many calls we get from Europeans wanting a beachfront home when  they really mean canal-front.  It has to do with knowing the local  landscape and also language idiosyncrasies – the type of waterfront has  obvious implications on the price.</p>
<h2>Miami Beach ocean-front homes</h2>
<p><img title="Golden Beach  oceanfront home - 535 Ocean Blvd" src="http://www.miamism.com/wp-content/uploads/2010/06/Screen-shot-2010-06-20-at-10.42.49-PM.png" alt="Screen shot 2010 06 20 at 10.42.49 PM Not all Miami Beach Waterfront homes are created equal" width="420" height="543" /></p>
<p style="text-align: center;">
<p>There are not many oceanfront Miami Beach homes – it is PRIME  real estate!  This type of waterfront real estate is the most exclusive  and most expensive for obvious reasons (nothing like the Atlantic Ocean  as your backyard)- A few beachfront homes can be found in a very small  residential pocket South of Surfside called Altos del Mar and also  Golden Beach – where the oceanfront homes will be everything but modest-  talk about Miami<strong> </strong>Beach Luxury Real Estate! Otherwise,  all other beach-front or ocean-front real estate will be condos.</p>
<h2>Miami Beach Bay-front homes</h2>
<p style="text-align: center;"><img title="Venetial Islands - Miami Beach Luxury Real Estate" src="http://www.miamism.com/wp-content/uploads/2009/02/picture-34.png" alt="picture 34 Not all Miami Beach Waterfront homes are created equal" width="596" height="427" /></p>
<p>The next best thing from beachfront is bay-front since you will have  open bay views and more privacy (literally no rear neighbor and open bay  views from your backyard).  Miami Beach Bay-front homes are also not  all created equal.  The only down side is the lack of protection from  the elements, but that’s what insurance, good construction and proper  weather preventive methods are for.</p>
<h2>Miami Beach Canal front homes</h2>
<p>There are many types of canal-front homes in<strong> </strong>Miami  Beach.  Pricing of these will take into consideration many  factors including:  location of canal, type of canal, size of canal,  location of home within the canal, etc.</p>
<ul>
<li><strong>Wide canals</strong></li>
</ul>
<p><strong><img title="Aqua  at Allison Island - Miami Beach Luxury Real Estate" src="http://www.miamism.com/wp-content/uploads/2009/02/picture-47.png" alt="picture 47 Not all Miami Beach Waterfront homes are created equal" width="594" height="455" /><br />
</strong></p>
<p>This is when the home is located on a canal but the the canal is wide  and homes still have privacy – examples of these are homes on the South  side of Hibiscus Island or North side of Palm Island, The Venetian  Islands or Surprise Lake in Miami Beach.</p>
<ul>
<li><strong>Narrow canals</strong></li>
</ul>
<p><strong><img title="Miami  Shores Waterfront home" src="http://www.miamism.com/wp-content/uploads/2009/02/picture-50.png" alt="picture 50 Not all Miami Beach Waterfront homes are created equal" width="593" height="465" /><br />
</strong></p>
<p>The word says it – you can see your neighbor across the canal,  privacy is limited since you usually would have a fence and landscaping  separating a backyard neighbor – in this case, you would have the canal  and in many instances could see right in their backyard or home. This  does not mean that canal-front homes are bad by any means, it just  explains that there are many considerations when buying waterfront  properties.  Other factors to consider with regards to canal-front  properties are:</p>
<ul>
<li><strong>navigable</strong> – if you have a boat, this is a good  question to ask – some canals do not allow boats, others don’t have  access to the ocean</li>
</ul>
<ul>
<li> <strong>no fixed bridges</strong> – canal-front properties with <strong>direct  ocean access</strong> and no fixed bridges are more expensive.  If you  are contemplating buying a property and you know there are fixed bridges  and you have a boat, make sure you know what the clearance of those  bridges are in high tide to make sure your boat will be able to go  through.</li>
</ul>
<ul>
<li> <strong>deep canals</strong> – many canals are deep and can  accommodate sail boats – if you are a sailor and want to purchase a <strong>canal-front  home</strong>, you need to make sure the canal is deep enough for the  draft of the boat.</li>
</ul>
<ul>
<li><strong>debris</strong> – some canals have dead ends and they have a  tendency to collect debris which can often be an eyesore or even worse,  bring a horrible smell.</li>
</ul>
<p>More food for thought:</p>
<p>Location of the property –  If you are a boater and hate idling in  the no-wake zones for an extended period of time, consider where, within  the intricate canal infrastructure of Miami and Miami Beach, the  property will be located.  Golden Beach and Eastern Shores for example  has a long trajectory from their waterfront homes to the open bay and  ocean where you can really crank up the engines and go at a descent  speed – the same thing happens at Coral Gables.  If you are a true  boater, it would be a good idea for you to navigate those canals first.</p>
<p>Seawall and Condition – knowing a seawall can cost up to $1000 per  linear foot – you should inspect the seawall with a good professional  and possibly structural engineer.  Don’t discard Natural Coral Seawalls,  they are known to have very strong structural qualities – but don’t  take my word for it, ask any Structural Engineer.</p>
<p>Type of dock DERM will allow – looking at the adjacent neighbors’  docks usually gives you a good idea, but don’t always trust that – their  dock may be “grandfathered in” or have some special circumstances that  you don’t know about.  Rule of thumb is that you can usually build a  dock out 20% of the width of the canal, bay-fronts all have different  requirements.  A DERM inspector will sometimes be willing to visit the  property prior to you buying the property, to assess it.</p>
<p>If you thought the Miami Beach Waterfront real estate market was not  intricate, think again!</p>
<p><em>*original article posted February 28th, 2009*</em></p>
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		<title>2009 Miami Beach Home Sales for Indian Creek</title>
		<link>http://www.primemiamibeach.com/blog/2009-miami-beach-home-sales-for-indian-creek/</link>
		<comments>http://www.primemiamibeach.com/blog/2009-miami-beach-home-sales-for-indian-creek/#comments</comments>
		<pubDate>Sat, 02 Jan 2010 18:08:43 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Indian Creek]]></category>
		<category><![CDATA[indian creek homes]]></category>
		<category><![CDATA[indian creek island]]></category>
		<category><![CDATA[Miami Beach homes]]></category>
		<category><![CDATA[miami beach luxury homes]]></category>
		<category><![CDATA[Miami Beach Luxury Real Estate]]></category>

		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=602</guid>
		<description><![CDATA[Indian Creek, even with only 2 sales in 2009, defeats Miami Beach Luxury Real Estate statistics with sales above the $5,000,000 range, with always controlled inventory and with an average price per square foot according to those 2 sales of $1,408.  It’s exclusivity is unmatched and private 24-hour boat patrol around the island should make [...]]]></description>
			<content:encoded><![CDATA[<p>Indian Creek, even with only 2 sales in 2009, defeats Miami Beach Luxury Real Estate statistics with sales above the $5,000,000 range, with always controlled inventory and with an average price per square foot according to those 2 sales of $1,408.  It’s exclusivity is unmatched and private 24-hour boat patrol around the island should make any resident feel like they are living in a castle surrounded by an alligator infested mote (ok, ok…maybe a bit far-fetched, but don’t discount the huge lots and easy proximity to the ocean with only one bridge).</p>
<table style="border-color: #a9a9a9; border-width: 0px; height: 141px;" dir="ltr" border="0" width="600" frame="box" rules="all">
<thead>
<tr dir="ltr" align="center" valign="middle">
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col"><strong> Address </strong></td>
<td style="border: 1px solid #696969;" align="left" valign="middle" scope="col"><strong>Bds</strong></td>
<td style="border: 1px solid #696969;" align="left" valign="middle" scope="col"><strong>Bths</strong></td>
<td style="border: 1px solid #696969;" align="left" valign="middle" scope="col"><strong>HBth</strong></td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col"><strong>sqft</strong></td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col"><strong>Water</strong></td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col"><strong>Lot Size</strong></td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col"><strong>List Price</strong></td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col"><strong>Sale price</strong></td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col"><strong>$/sq.ft</strong></td>
</tr>
</thead>
<tbody>
<tr style="text-align: center;">
<td style="border: 1px solid #696969;" valign="middle" scope="col">22 Indian Creek Dr</td>
<td style="border: 1px solid #696969;" valign="middle" scope="col">4</td>
<td style="border: 1px solid #696969;" valign="middle" scope="col">4</td>
<td style="border: 1px solid #696969;" valign="middle" scope="col">2</td>
<td style="border: 1px solid #696969;" valign="middle" scope="col">7,582</td>
<td style="border: 1px solid #696969;" valign="middle" scope="col">Y</td>
<td style="border: 1px solid #696969;" valign="middle" scope="col">80,000</td>
<td style="border: 1px solid #696969;" valign="middle" scope="col">$10,950,000</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">$9,000,000</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">1,187</td>
</tr>
<tr>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">34 Indian Creek Dr</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">3</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">3</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">2</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">3,684</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">Y</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">80,000</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">$8,900,000</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">$6,000,000</td>
<td style="border: 1px solid #696969; text-align: center;" valign="middle" scope="col">1,629</td>
</tr>
</tbody>
</table>
<h2>22 Indian Creek Drive – Indian Creek, FL 33154</h2>
<p><img title="22 Indian Creek - Indian Creek Luxury Home" src="http://www.miamism.com/wp-content/uploads/2010/01/22-Indian-Creek.jpg" alt="22 Indian Creek  2009 Miami Beach Home Sales for Indian Creek" width="600" height="152" /></p>
<p>Estate Sale (and fixer upper, if I may add) – built in 1958 with 200 feet of water frontage  and “Regency Style Residence”, according to listing agent.  Had been listed since March of 2009 with a starting price of $12,900,000.  (selling date December 10, 2009)</p>
<h2>34 Indian Creek Drive – Indian Creek, FL 33154</h2>
<p><img title="34 Indian Creek Dr - Indian Creek Luxury Home" src="http://www.miamism.com/wp-content/uploads/2010/01/34-Indian-Creek-Dr.jpg" alt="34 Indian Creek Dr  2009 Miami Beach Home Sales for Indian Creek" width="600" height="167" /></p>
<p>Smaller home compared to neighboring Indian Creek Mansions with under 4,000 square feet of living space but with 221 of water frontage and sitting on mammoth 80,000 square foot lot.  The house was built in 1965 and described by listing agent as:</p>
<blockquote><p>Nestled  within this park like property is a charming, original Old Florida style home. The house is a “jewel” w/sliding flr to ceiling glass drs allowing the prevailing southeast breezes through the house. On approximately 2 acres of land this property features a heated swimming pool, outdr showers, luscious Florida flora, 2-car garage, new deep water concrete dock &amp; much more. Located in the heart of the city, Indian Creek is a private island w/only 33 houses surrounding an exquisite golf course</p></blockquote>
<p>This house was not an easy sale because of its proximity to the bridge and views of adjacent Surfside rather than open bay. It was listed on and off since February 2008 with a starting price of $11,900,000 then $15,000,000 and then $9,700,000 – I’m guessing the owners were not too happy to let it go for $6 million</p>
<p>Indian Creek stays above water and current inventory is only 2 active homes:  one for the house at 38 Indian Creek for $14.9 million and the other at 40 Indian Creek for $12.9 million.  I’m thinking the island will keep defeating the odds from the rest of Miami Beach – making Mr. Braman feel good about his decision to stick around.</p>
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		<title>Blog Action Day at Prime Miami Beach</title>
		<link>http://www.primemiamibeach.com/blog/blog-action-day-prime-miami-beach/</link>
		<comments>http://www.primemiamibeach.com/blog/blog-action-day-prime-miami-beach/#comments</comments>
		<pubDate>Thu, 15 Oct 2009 21:22:05 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
				<category><![CDATA[Bal Harbour]]></category>
		<category><![CDATA[Bay Harbor Islands]]></category>
		<category><![CDATA[Blog]]></category>
		<category><![CDATA[Fisher Island]]></category>
		<category><![CDATA[Hibiscus Island]]></category>
		<category><![CDATA[Indian Creek]]></category>
		<category><![CDATA[La Gorce Island]]></category>
		<category><![CDATA[Miami Beach]]></category>
		<category><![CDATA[Palm Island]]></category>
		<category><![CDATA[South Beach]]></category>
		<category><![CDATA[Star Island]]></category>
		<category><![CDATA[Sunset Islands]]></category>
		<category><![CDATA[Venetian Islands]]></category>
		<category><![CDATA[blog action day]]></category>

		<guid isPermaLink="false">http://www.primemiamibeach.com/?p=543</guid>
		<description><![CDATA[This year over 9,000 blogs across the world have registered to write about Climate Change because there is power in numbers and together we can make a difference. So how does Miami Beach Luxury Real Estate relate to Climate Change? easy, think of green products, how real estate is built, what waste is produced, what [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><a href="http://www.blogactionday.org"><img class="aligncenter" src="http://www.blogactionday.org/imgs/badges/bad-300-250.jpg" border="0" alt="bad 300 250 Blog Action Day at Prime Miami Beach"  title="bad 300 250 image" /></a></p>
<p>This year over 9,000 blogs across the world have registered to write about <strong>Climate Change</strong> because there is power in numbers and together we can make a difference.</p>
<p>So how does <strong>Miami Beach Luxury Real Estate</strong> relate to <strong>Climate Change</strong>?  easy, think of green products, how real estate is built, what waste is produced, what appliances are used, the &#8220;walkable&#8221; factor of your real estate to shopping and business.  No matter the industry, there is something you can do to help our planet.</p>
<p>I have talked about <a title="Green Urbanism" href="http://www.miamism.com/green-urbanism-in-miami/" target="_blank">Green Urbanism</a> because it&#8217;s a topic dear to my heart and somehow it seems like Miami is distant from many of the walkable communities concept because of Urban Sprawl.  I&#8217;ve even talked about <a title="Green Designer Finishes for your Kitchen" href="http://www.miamism.com/green-designer-finishes-for-your-kitchen/" target="_blank">Green Designer Finisher for your kitchen</a>, identifying recycled glass counter tops.   My favorite is <a title="Miami Green Houses from the past" href="http://www.miamism.com/green-houses-from-the-past/" target="_blank">Miami Green Houses from the past</a> where I identify 3 Green Mid-century architects and their masterpieces.  And lastly, <a title="5 Green Conscious moves for your home" href="http://www.miamism.com/five-green-conscious-moves-for-your-home/" target="_blank">5 Green conscious moves for your home</a> (anyone can do these).</p>
<p>Take a look at who else is participating in this year&#8217;s <a title="Blog Action Day" href="http://www.blogactionday.org/" target="_blank"><strong>Blog Action Day</strong></a>:</p>
<ul>
<li><a title="Six Eco Realtors to Watch- Blog Action Day 2009" rel="bookmark" href="http://agentgenius.com/real-estate-news-events/six-eco-realtors-to-watch-blog-action-day-2009/">Six Eco Realtors to Watch- Blog Action Day 2009 (Agent Genius)</a></li>
<li><a title="grist.org" href="http://www.grist.org/article/2009-10-15-bloggers-climate-Blog-Action-Day-2009">Bloggers of all stripes grab a piece of the climate pie for Blog Action Day 2009</a> (Grist)</li>
<li><a title="Blog Action Day" href="http://www.blogactionday.org/en/blogs" target="_blank">Who&#8217;s participating at Blog Action Day</a></li>
</ul>
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		<title>7 things to consider when buying a Miami Waterfront Home</title>
		<link>http://www.primemiamibeach.com/blog/7-buying-miami-waterfront-home/</link>
		<comments>http://www.primemiamibeach.com/blog/7-buying-miami-waterfront-home/#comments</comments>
		<pubDate>Mon, 03 Aug 2009 03:12:52 +0000</pubDate>
		<dc:creator>Ines Hegedus-Garcia</dc:creator>
				<category><![CDATA[Bal Harbour]]></category>
		<category><![CDATA[Bay Harbor Islands]]></category>
		<category><![CDATA[Blog]]></category>
		<category><![CDATA[Hibiscus Island]]></category>
		<category><![CDATA[Indian Creek]]></category>
		<category><![CDATA[La Gorce Island]]></category>
		<category><![CDATA[Miami Beach]]></category>
		<category><![CDATA[Palm Island]]></category>
		<category><![CDATA[Star Island]]></category>
		<category><![CDATA[Sunset Islands]]></category>
		<category><![CDATA[Venetian Islands]]></category>
		<category><![CDATA[Miami Beach homes]]></category>
		<category><![CDATA[miami beach luxury homes]]></category>
		<category><![CDATA[Miami Beach Luxury Real Estate]]></category>
		<category><![CDATA[miami beach real estate]]></category>
		<category><![CDATA[Miami Beach waterfront home]]></category>

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		<description><![CDATA[If you are buying a Miami Beach waterfront home, you are likely to have a boat or will be considering a boat in the near future. We are constantly asked a number of questions regarding waterfront purchases and Rick and I decided to write a list of 7 important factors to consider when buying a [...]]]></description>
			<content:encoded><![CDATA[<p>If you are buying a Miami Beach waterfront home, you are likely to have a boat or will be considering a boat in the near future.  We are constantly asked a number of questions regarding waterfront purchases and Rick and I decided to write a list of 7 important factors to consider when <strong>buying a waterfront home in Miami <strong>Beach.</p>
<p><img class="aligncenter size-full wp-image-3027" title="Miami Beach Waterfront Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-30.png" alt="Picture 30 7 things to consider when buying a Miami Waterfront Home" width="494" height="373" /></p>
<p style="text-align: center;">
<ol><strong><span style="font-size: small;"><img class="alignleft size-full wp-image-3028" style="margin-left: 10px; margin-right: 10px;" title="Miami Beach Waterfront home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-54.png" alt="Picture 54 7 things to consider when buying a Miami Waterfront Home" width="75" height="75" />Condition of Sea wall </span>- </strong>It is important for anyone <strong>buying a waterfront property</strong> to get a <strong>seawall inspection</strong> by a structural engineer or a seawall specialist.  Inspections should include not only the actual seawall but also settling cracks within the main house, patios and pool as well as dock areas.  Because most <strong>canal systems in Miami and Miami Beach</strong> are artificially made or made with landfills, the integrity of the seawall could ultimately determine the integrity of the structure of the home.  Doing a visual inspection of seawalls of adjacent properties is also recommended in order to avoid future settling.</ol>
<ol><span style="font-size: small;"><strong><img class="alignleft size-full wp-image-3029" style="margin-left: 10px; margin-right: 10px;" title="Miami Beach Luxury Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-59.png" alt="Picture 59 7 things to consider when buying a Miami Waterfront Home" width="75" height="75" />Type of waterfront property</strong></span> &#8211; If you look at an aerial view of <strong>Miami Beach</strong>, you will notice that there are numerous <strong>types of waterfront properties</strong>: <strong>lakes</strong>, <strong>rivers</strong>, <strong>canals with direct ocean access</strong>, <strong>canals with fixed bridges</strong>, <strong>canals with no ocean access</strong>, <strong>non-navigable canals</strong>,  and <strong>bayfront homes</strong>, to name a few.  Depending on the type of boat you have, you will need to consider fixed bridges (clearance heights), depth of canals, and proximity to bay and or ocean access.</ol>
<ol> There are several waterfront communities in Miami Beach that have direct ocean access but you               have to navigate at idle speed for miles which can mean being on your boat for a couple of hours   before you can really do some boating.</ol>
<ol><span style="font-size: small;"><strong><img class="alignleft size-full wp-image-3030" style="margin-left: 10px; margin-right: 10px;" title="Miami Beach waterfront real estate" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-63.png" alt="Picture 63 7 things to consider when buying a Miami Waterfront Home" width="75" height="75" />Boat Dock</strong></span> &#8211; it is important to inspect not only the condition of an existing dock, but also if the type of dock can accommodate your boat.  There are a lot of canals in Miami with natural coral sea walls and no docks &#8211; you may not want to dock your boat next to natural coral.  If there is no dock on the property, it may be a good idea to contact DERM (<a title="DERM" href="http://www.miamidade.gov/derm/" target="_blank">Department of Environmental Resources Management</a>) about what kind of dock they will allow in a particular canal.  DERM may even send an inspector out to the property in order to make recommendations.</ol>
<ul> <span style="font-size: small;"><strong><img class="alignleft size-full wp-image-3031" style="margin-left: 10px; margin-right: 10px;" title="Miami Beach Real Estate" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-65.png" alt="Picture 65 7 things to consider when buying a Miami Waterfront Home" width="75" height="75" />Davits and/or Boat Lift</strong></span> &#8211; depending on the size of the boat, most boat owners will not keep the vessel inside the water and use davits and/or boat lifts to raise the boat out of the water while not in use.  Whichever your choice, make sure to inspect existing davits or make sure the existing seawall can accommodate a boat lift of your choice.</ul>
<ul> <strong><span style="font-size: small;"><img class="alignleft size-full wp-image-3032" style="margin-left: 10px; margin-right: 10px;" title="Miami Beach Luxury Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-70.png" alt="Picture 70 7 things to consider when buying a Miami Waterfront Home" width="75" height="75" />Protection from the elements</span> </strong>- <strong>Bayfront homes</strong> are obviously <strong>the most desired type of waterfront property</strong> but can also leave your property very exposed to the elements (weather and hurricanes).  Canal front properties are said to protect not only your house but boats as well in case of increment weather.  This doesnt mean that you should not <strong>purchase a bayfront home</strong>, it means you should consider location when purchasing.</ul>
<ul> <span style="font-size: small;"><strong><img class="alignleft size-full wp-image-3033" style="margin-left: 10px; margin-right: 10px;" title="Miami Beach Luxury Real Estate" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-72.png" alt="Picture 72 7 things to consider when buying a Miami Waterfront Home" width="75" height="75" />Location of home within a canal</strong></span> &#8211; because of the intricate design of canals in Miami and Miami Beach, some canals may be comparable to dead-end streets.  These canals, depending on currents and wind may accumulate debris and garbage that can become a nuisance.  If a property is located at the end of a dead-end canal, make sure you ask about accumulation of debris throughout the year.</ul>
<ul> <span style="font-size: small;"><strong><img class="alignleft size-full wp-image-3034" style="margin-left: 10px; margin-right: 10px;" title="Miami Beach Luxury Home" src="http://www.miamism.com/wp-content/uploads/2008/11/Picture-86.png" alt="Picture 86 7 things to consider when buying a Miami Waterfront Home" width="75" height="75" />Insurance Costs</strong></span> &#8211; just keep in mind that property insurance costs will be higher for <strong>waterfront homes</strong>, especially <strong>open bay properties</strong>.</ul>
<p>There is nothing like owning a waterfront home in Miami Beach.  To be able to enjoy our beautiful weather as well as the views is priceless and it is what makes Miami Beach Waterfront Real Estate so unique.</p>
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