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  • Miami, FL 33137
  • P: 305.758.2323
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  • M: 305.206.9366 (Ines)
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Beach House 8 – Miami Beach Condos

February 21, 2014

Beach House 8 - Miami Beach Condos presented by Miamism.com

 

I love unpretentious, low scale projects and Beach House 8 is one of them.  Designed by Arquitectonica and developed by Valerio Morabito from Morabito Properties and Ugo Colombo from CMC Group.  We’re talking right on the ocean on Collins and 36th Street and only 8 residences.  The epitome of luxury and exclusivity and to top it off, interiors by Michele Bonan.

Developer Valerio Morabito explains the concept behind Beach House 8,

“I wanted to create the feeling of being in your own space, almost as if you are on the bow of a yacht.  This idea is reflected in every aspect of the building:  the maritime feeling of the sleep interiors, the generous glass surfaces, the long terraces, the light filtering from every corner of the space.”

Architect Bernardo Fort-Brescia explains the play on volumes of the facade,

“Unlike the usual Miami high-rise where everything lines up and everything is exactly the same, this facade consists of a series of shifted frames, expressing a series of houses in a very pure and abstract way – shifting as if moving from the water to the land, capturing the wind, all the dynamic movement of Miami, all the energy of the ocean waves.”

Beach House 8 Features and Amenities

  • NY concierge services provided
  • 2 parking spaces for each residence
  • 1 pool-side cabana for each residence
  • Fitness center with Technogym equipment
  • Completed terrace floors with stone
  • 75′ pool with jacuzzi
  • Private pool and beach service

beach house 8 - miami beach condos

In shared outdoor and lobby areas, elements from wood-paneled drawing rooms to decking finished in Mauritian Teak, from natural-fiber banquettes to dark-blue mosaic tiling in the pool, from the garden waterfall to the airy 14-foot ceilings at the entry – combined with a full suite of concierge services appropriate for cosmopolitan living – all create an atmosphere of both understated elegance and contemporary informality.  Just right for where the city meets the beach.

Beach House 8 residence features

  • Boffi Kitchens
  • Marble countertops quarried in Italy for kitchen and baths
  • Custom made, built out closet systems
  • Energy efficient LED downlighting in key areas
  • Lutron Home-Works lighting control system
  • Creston home automation system with the ability to control audio, video, HVAC, lighting and window treatments
  • Prewired for motorized window treatments
  • Prewired for HSIA (high speed internet access)
  • Prewired for telephones, cable TV and satellite video
  • Security System

beach house 8 presented by miamism.com

Beach House 8 Price List

Pricing starts at $5.9 Million and residences start at 3,783 sq.ft. (378 meters) with 989-2,899 sq.ft. of exteriors(99 to 290 meters).  The penthouse will have 5,242 sq.ft.(524 meters) with 6,230 sq.ft. exteriors(623 meters).

Accepting deposits now of 10% to guarantee price as well as residence.  Remember that these developments vary in pricing depending on popularity and increase in price upon demand – these prices are valid now and will increase (Don’t say we didn’t warn you).  We always tell our clients to reserve early since deposits are refundable.

Beach House 8 original Price list

Remember our team is ready to help you with your Beach House 8 Purchase and of course surrounding condos as well. We also have floor plans.  Call us for details 305.758.2323 or beachhouse8@miamism.com

Matt Damon’s Miami Beach home REDUCED!

November 22, 2013

Matt Damon’s Miami Beach home has been reduced from $20,000,000 to $18,999,000 – that’s almost a whoopin’ 6% reduction!  Check out our previous article on the hunk’s magnificent Miami Beach Manse.

matt damon's Miami Beach home for sale via miamism.com

Thank you Curbed Miami for giving us the scoop on Matt Damon and his Miami Beach home being for sale.  I have to admit that I don’t have many crushes on actors, but there’s something about Matt Damon – he won me over with his “Good Will Hunting” performance and I would probably be star struck if I saw him (GASP).  So enough about Matt and let’s talk real estate.

This North Bay Road home boasts almost 13,000 sf of living space with 7 bedrooms and 9.5 bathrooms.  It has 170? of open bay water frontage and sits on a 43,690 sf lot.  It was built in 1935 and obviously remodeled (DUH) and although it has a nice charming 30?s feel to it, it also feels modern.

It is modestly priced at $20 Million $18.999 Million and could have Chris Bosh as a neighbor close by …and not to mention “Matt Damon appeal.”

Here are some exterior shots:

Matt Damon Miami Beach by Miamism.com

 

The marketing description reads (let me know if you need translating):

Your own private retreat in the heart of Miami Beach awaits you on prestigious upper N Bay Rd. Situated on a rare double lot w/170? of water frontage, Maravilla boasts breathtaking, unobstructed views of Biscayne Bay & beyond. The pool house w/full summer kitchen allows for easy entertaining & a rooftop terrace provides panoramic views of the entire property. The 2-stry main house features a theatre rm, wine cellar, custom ofc, oversized living rm overlooking the water, gourmet kitchen. 2BR/2BA guest hse.

And finally, the interior:

matt damon miami beach by miamism.com

 

If you are interested in this house or any other Miami Beach home, please email us at mattdamonmb@miamism.com.  No curious onlookers please, just real buyers…and don’t get offended if we ask for proof.

**property information courtesy of South East Florida Multiple Listing Service**

Miami Beach Waterfront Homes Sold in 2012

January 4, 2013

When it comes to Miami Beach real estate, a lot has happened in a year, especially when it comes to Miami Beach homes and the waterfront/luxury market.  There are 145 Miami Beach waterfront homes for sale right now ranging from a $750,000 North Beach home on Biscayne Point, to the previously JLo owned $40 Million North Bay Road home (close to Miami Heat’s Chris Bosh).

2012 marked the highest single-family home residence sale in the history of Miami Beach when  3 Indian Creek, originally listed for $60 Million, sold in August, for $47 Million!

This sale, in addition to the Miami Beach condo market boom, marks the beginning of a crazy luxury market that many even interpret as another bubble.  The truth is that Miami Beach remains to be desirable not just to locals, but to the whole world – it is an escape from brutal winters to a great global hub destination for both primary homes, vacation and second home getaways.  Let’s break down all the 2012 waterfront home sales by island to better understand the nature of each.

The Median Listing price for a Miami Beach waterfront home is currently $6.9 Million.  Out of the 113 waterfront homes sold in 2012, the median sold price was $2.8 Million in 2012 – let’s look at those numbers in detail.

Star Island Home Sales

2 Star Island waterfront homes sold – averaging $1,221 per square foot with the highest sale at $14.325 Million for the house located at 29 Star Island Dr – with 10,160 sf of living space, 5 bedrooms, 40,000 sf lot and 100 feet of water frontage.

Palm Island Home Sales

4 Palm Island homes sold on the water –  highest sale at $14.5 Million for the house located at 70 Palm Ave. with 19,000 sf of living space, 9 bedrooms and 100? of water frontage.  The average price per square foot for Palm Island homes coming in at $1,211.

Hibiscus Island Home Sales

4 Hibiscus Island homes sold on the water – price ranging between $5.85 and $4.5 Million.  The highest sale of $5,850,000 was for the home located at 265 N. Hibiscus Dr. with over 5,000 sf of living space, 11,375 sf lot, 5 bedrooms and 65? of water frontage. The average price per square foot in Palm Island was $1,099.

Venetian Islands Home Sales

There were 13 Venetian Island waterfront homes sold – prices ranging between $1.45 Million to $6.45 Million, with an average price per sf of $804.  The highest sale was for the very dated home built in 1995, located at 835 E Dilido Dr, with over 7,000 sf of living space, 26,816 sf lot, 6 bedrooms and almost 200 feet of water frontage.

Sunset Islands Home Sales

There were 16 Sunset Island homes sold on the water – prices ranging between $1.67 million and $12.9 Million.  The average price per sq.ft. coming in at $976.  The highest sale was one of our featured Miami Mod homes located at 1835 W 27th St., with 22,192 sf of land, over 10,000 sf of living space, 7 bedrooms and over 150 feet of water frontage.

North Bay Road Home Sales

There were 6 North Bay Rd waterfront homes sold this year.  Their prices ranging between $5.5 to $10.6 Million and averaging $964 per sq.ft.  The highest sale was for Ricky Martin’s Miami Beach home boasting over 9,000 sf of living space and located at 5130 N Bay Rd, with over 19,000 sf of land, 7 bedrooms and 105 feet of open bay water frontage.

La Gorce Island Home Sales

There were 2 waterfront La Gorce Island homes sold.  One for $5.75 Million and the other for $11 Million and averaging $908 per sq.ft.  The highest sale was all about land with more than 1.78 acres (77,748 sf), located at 100 La Gorce Dr Cr with over 10,000 sf of living space, 7 bedrooms and 180 degrees of water views.

Allison Island Home Sales

There were 5 waterfront Allison Island homes sold on the water in 2012.  Their prices ranging from $2.7 Million to $8325 Million with an average price per square foot of $685. The highest sale was for the brand new construction located at 100 6633 Allison Rd with over 12,000 sf of living space, 7 bedrooms and 207 feet of water frontage.

North Bay Island Home Sales

There were no waterfront homes sold in N. Bay Island

Normandy Island Home Sales

There were 13 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 425 N Shore Dr – with 4,700 sf of living space, 4 bedrooms, over 11,000 SF of land and 65 feet of water frontage.  The average price per sq.ft. in Normandy Island coming in at $346.

Biscayne Point Home Sales

9 Biscayne Point waterfront homes sold in 2012 ranging between $420,000 for a foreclosure, to $2.125 Million for the home located at 1550 Daytonia Rd.  This completely remodeled Key West Style home has over 3,000 sf of living space, 5 bedrooms, 11,250 sf lot and 75 feet of water frontage.  The average price per sq.ft. in Biscayne Point coming in at $393.

Stillwater Island Home Sales

7 Stillwater Island waterfront homes sold ranging between $780,500 for a foreclosure, to $1.8 Million for the home at 1370 Stillwater Dr – with 3,000 sf of living space, 5 bedrooms, 8,000 sf lot and 50 feet of water frontage.  The average price per square feet for Stillwater being $590.

Pinetree Drive Home Sales

There were 6 Pinetree waterfront homes sold ranging between $1.75 for a short sale, to $13.1 Million.  The highest sale of $13,100,000 was for the mediterranean mansion and one of Pinetree’s historic gems located at 4821 Pinetree Dr, with over 18,000 sf of living space, over 80,000 sf lot, 13 bedrooms and 200 feet of water frontage.

Built in 1928 by renowned architect L.M. Barrett for Byron D. Miller Esq. (president of the F.W. Woolworth Co.), this stunning 18,000-plus-square-foot gated compound in Miami Beach is a rare historical masterpiece that has hosted more political dignitaries than any other home in Miami. The estate commands 250 feet of water frontage and is situated on a two-acre parcel on the widest span of the Indian Creek waterway.

The average price per sq.ft. in Pinetree coming in at $660.


Miami Beach’s waterfront housing market has not only recuperated, but has come ahead faster than anyone could have predicted.  We are asked often why we think this is and the answer is very simple:  Miami Beach is still coveted amongst celebrities and the wealthy because there is a certain lifestyle you can’t get anywhere else, because of the fact that we are so easily accessible, because of our year-round great weather, and simply because Miami is a beautiful place.

To those clients I urged and pleaded to buy back in 2011….now you see why – all the pending doom energy has come and gone and no one even felt it, so now you’ll pay a bit more, but it will always be worth it.

Take a look at this graph and how different islands compare.  Star Island is still at the top of the game, but followed closely by Palm Island and Hibiscus Island.  The Venetian Islands still offer a great option when compared to The Sunset Islands, North Bay Road and La Gorce Island.

Normandy Island continues to be the least expensive waterfront real estate in Miami Beach and Pinetree Drive will continue to offer homes that are historically significant in a unique setting.

We have come a long way and I’m sure home sellers are happy that the market has come back and doing well.  There are still great opportunities out there and we look forward to continuing to be your Miami Beach Real Estate Resource and also to working with you, as your REALTORS, in 2013.

Choosing your Miami Beach Realtor

December 4, 2012

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 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.

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.

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.

Brand Marketing vs. Product Marketing

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” << can you say “MEANINGLESS SCRIPT”?

Tracey Drake from Suite101.com gives us a great analogy to differentiate the two:

  • Ford telling consumers that “Quality is Job 1″ – this is Brand Marketing
  • Selling that consumer a Ford Mustang – this is Product Marketing

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?

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.

For additional marketing insights, read Seth Godin’s What do you know? – a great list that manages to separate egos from achievers with some of my favorite points:

  • Anticipated, personal and relevant advertising always does better than unsolicited junk.
  • You can’t fool all the people, not even most of the time. And people, once unfooled, talk about the experience.
  • 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.
  • Good marketers tell a story.
  • Living and breathing an authentic story is the best way to survive in an conversation-rich world.
  • In the googleworld, the best in the world wins more often, and wins more.
*originally published Feb 12, 2011

What’s on My Desk by Haute Living

November 10, 2012

The Haute Living Real Estate Network, one of the many places where we market ourselves and our properties, recently asked me to tell them about my desk and things/tools I use that I can’t live without.  They actually posted the article today and wanted to share it here since it’s a different take from the usual boring real estate marketing stuff we usually see.

Tools of the Trade: What’s on, Expert Realtor, Ines Hegedus-Garcia’s Desk?

I’m the founder of the nationally recognized real estate brand known as Miamism.  We are a team of real estate agents working with Majestic Properties with offices in Miami’s Design District and South Beach.  I am one of the first real estate bloggers and have taken technology to the next level and can be found on every social media platform – all to benefit our clients and the way we market and sell properties.  With a degree in architecture, creativity is always at the top of everything I do and my desk has the tools I need to achieve just that.

I have all of the obligatory Apple products:  27? iMac, iPad, time capsule, magic trackpad and iPhone – Apple products are not just pretty, they simply help maximize my production in every way imaginable.  My iPhone is surgically attached to my hand, hence doesn’t appear in the picture.

A Wood desktop is a must have for me – natural wood surface keeps me centered.  I cannot work on glass or stone surface tops.  No matter what kind of technology surrounds me, wood brings it all together to harmonize my work space.

Architecture and art books – inspiration is key, books of my favorite architects and artists are always close by and my collection is constantly growing. From Tadao Ando to Richard Neutra and from Diego Rivera to Edward Hopper…they are all constant reminders

Round pencil and sketch pad – always handy to take notes, doodle and help solidify my ideas.  Also keep Sharpies and Prismacolors nearby, just because I can’t live without them.

Aeron Chair – not only is it a permanent fixture in the Museum of Modern Arts, but it’s a must for me because it’s beautiful and so comfortable!

Fresh flowers/plants – color is an important part of my life and seeing the beauty of a single flower and its simplicity reminds me to stay humble.

9 Things to Ask your Miami Beach Realtor

September 26, 2012

question markWhen choosing a Miami Beach Realtor, you do research, you ask around and you look at real estate sales and movement in your area – but do you know what to ask a Miami Realtor once they are in front of you? Here are some basic questions you should ask to help you make an informed decision when choosing a Realtor.

1. Are they in Real Estate Full Time?

This is huge since a lot in the industry have had to take second jobs to supplement their income. You want to make sure that the professional you choose can handle and is focused in handling your real estate needs at a moment’s notice.

2. Do they know sign language?

Communication is key between parties and that’s the number one objection we hear from our customers about the real estate industry. Ask how your Realtor will communicate with you during the process – regular e-mails, phone calls, smoke signals, snail-mail, telex (I’m dating myself here).

3. How will they promote, push and plug your property?

The word “marketing” can be very broad. Make sure the agent details their marketing plan with specifics – Social Media, Print advertising, Internet and Traditional methods. Placing a property in the MLS and putting a sign in front of a property is not enough in today’s market.

4. Who will do the honors?

Ask who will show your property – will they have an assistant available or will they use the legendary lock-box? If this is important to you, make sure you ask. I would also make sure to ask who will have the keys to your property and how will access be granted if they are not the ones showing the property.

5. Do they answer their phone?

I know this seems trivial, but you would be surprised how few agents answer their phone and actually return messages in a prompt manner.

6. Do they have paparazzi qualities?

This is the number one complaint from buyers today – when looking for properties they skip the ones without photos or the ones with bad or few photos. Make sure you ask your agent how quickly they will photograph the property and include those photos in all marketing and who will take the photos. (there’s an inside joke in the industry about agents who photograph toilets). Sometimes a creative eye that discriminates a particular property feature will attract traffic to the listing. And professional photography is a MUST!!

7. Can they dance?

Once your property is under contract – how do they manage the transaction? Are they experienced in dealing with all the problems and objections of today’s real estate market. Many contracts that fall through due to poor transaction management.

8. Do they sleep around?

Will they look out for your best interest or theirs? This is a difficult question to ask and you need to be able to discriminate against true and honest answers.

9. What’s their annoyance factor?

It is customary for agents to keep in touch with you so you remember them and refer them business. It’s never a bad idea to ask how they plan to do this. This is very personal since you may not mind drip campaigns for the rest of your life made up of postcards and recipes, phone calls and inquiries. But this is also a great way to learn about the agent’s business practice.

**one of my faves – originally written on January 24th, 2009**

Ricky Martin Sells Miami Beach Home

April 19, 2012

Ricky Martin sells his Miami Beach home for $10.6 Million, according to the recently closed sale showing in the multiple listing service.  He listed the home for sale back in 2007 for $16.9 million and did not sell.  Then the house was put back on the market in 2010 for $12.5 Million.

We also know that the Latin Hearthrob’s Miami Beach home had gotten some interest from none other than Beyonce and JayZ.

Ricky Martin also recently sold his Golden Beach home for $6.3 Million.

Does this mean Ricky is leaving Miami for good?? I really hope not since he has a serious fan base here that adores him.  Whatever the reason for selling, best wishes from Miamism to Ricky Martin!

Here’s what we had to say about Ricky Martin’s Miami Beach Home back in 2010.

North Bay Road Mansion – Listing price $13,500,000 $12,500,000

The home’s listing history shows it went on the market in February of 2007 for $16.9 Million, was decreased to $15.9 in February of 2008, then increased to $19.5 Million a day later and was taken off the market in June of 2008.  Talk about a pricing roller coaster!  Fact is, it’s still a gorgeous bay front home with a very picturesque celebrity history which is very positive and very Miami.

It’s a 9,491 square foot home with 7 bedrooms, 8 bathrooms and 2 half-baths.  It sits on a 105 ft  X 184 ft lot with 105 feet of open bay frontage.  It has a 4-car garage, private dock, media room, elevator and plenty of incredible and luxurious details – perfect example of Miami Beach Luxury Living.

The Multiple Listing Service’s description reads as follows:

Mediterranean masterpiece with breathtaking open bay views from every room. Featuring 7 bedrooms, adjoining courtyard-view guest quarters, 8 full baths, 2 half baths including cabana, fully wired media room and elevator. This private estate is the epitome of luxury living featuring the finest in detailed finishes including solid mahogany doors, ceiling treatments, fireplaces, travertine marble throughout, and crown moldings. Spacious gourmet kitchen, formal dining room, full bar. Jacuzzi and pool.

I love the fact that Miami is packed with Celebrity Properties.  It’s common knowledge that these properties sell for more because of their former owners.  Truth is that because they are desirable,  Miami Beach celebrity homes carry a hefty price tag.

Miami Beach Luxury Real Estate

February 23, 2012

Believe it or not, the answer is not as clear cut as you think.  People’s definition of luxury varies depending on what they have been exposed to and we find ourselves asking our clients to please define what they mean by “Miami Luxury Real Estate”.

For people moving from other parts of the US – luxury may mean amenities offered in a particular Miami Beach Condo or even a particular neighborhood.  Does the building have full amenities like valet parking, 24-hr security, concierge, pool, gym, spa.  Or does the neighborhood have golf, private beaches, and tennis.

Miami Luxury Real Estate

Luxury Real Estate is not only defined by price (although it is definitely a main factor).  There are older buildings in Miami that have great amenities, high monthly maintenance fees, but the actual prices of the residences within the building complex are affordable.  Examples of these type of buildings are Quayside Towers, The Jockey Club and The Cricket Club.  These are buildings with great reputations and sought after even when you compare them to prime Miami Beach Real Estate.

Fisher Island Luxury Real Estate

Then you have Fisher Island Real Estate.  Talk about exclusive!  When you talk about Luxury Real Estate in Miami, Fisher Island comes up first.  A private island, accessible by Ferry, with Golf, Restaurants, shopping, Tennis….and so much more.  Celebrities like Oprah, Andre Agassi and Boris Becker own Fisher Island Real Estate.  But if you have ever seen properties within the island you will know that a lot need updating and reflect finishes from the 80′s when the buildings were constructed.   But what defines Luxury in Fisher Island’s case is security, amenities and lifestyle.

Apogee and Continuum - Miami Beach Luxury Real Estate

Miami Beach Real Estate is in a class of its own – South Beach offers the latest and trendiest and although my architect’s eye can catch minor design flaws, the views, the finishes and the location does not get any better.  When I think of South Beach Luxury Real Estate, 2 buildings come to mind: Apogee and The Continuum. But when it is Miami Beach Luxury Real Estate, Aqua-Allison Island as well as Canyon Ranch are the ones that pop to mind.

Canyon Ranch and Aqua - Miami Beach Luxury Real Estate

The Miami Lifestyle is about Luxury without a doubt and just by living here and experiencing our world, you will be surrounded by luxury, culture, great people and a beautiful place.  Keep in mind that there are hundreds of other examples (I only named a few).  So now you will understand us when we ask, can you expand on what you mean by Miami Luxury Real Estate (we’re not just being snooty….we’re being objective).

**originally published on July 28, 2008**

Miami Beach Luxury Real Estate and Privacy

October 1, 2011

What exactly does buying a Miami Beach Luxury home have to do with privacy? The answer is EVERYTHING!! We are often contacted by high-profile clients that need to maintain anonymity when buying or selling their Miami Beach homes. Sometimes it may not be about keeping a low profile, but protecting expensive private art collections and valuables within your home. Rest assured that we have very solid procedures to guarantee your privacy, starting with confidentiality agreements.

Because we are immersed in Social Media Marketing, and are considered innovators in the real estate industry when it comes to the Internet, we understand the process of anonymity and privacy and know what must be done to protect you and your loved ones.  We will take the necessary steps to protect your privacy during the home buying/selling process and confidentiality will always be at the top of our priorities.

How To Invest in Miami Beach Properties

March 20, 2011

South Beach Real EstateInvesting 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.  Whether you are buying a Miami bank-owned property to fix and flip, a Venetian Island single family home to rent while the market turns around, or a South Beach vacation home to enjoy part of the year – it is crucial that you scrutinize every aspect of the investment and make sure you leave no stone unturned.

Choose the type of Investment

First you must choose the type of property you want to invest in – single family home, commercial property, waterfront condo, etc.  We will help you analyze your needs and study your options to best meet your personal and investment goals.  Some factors involved in making a decision have to do with usage, renting, and price range.

Where should you buy?

Once the type of property is identified – area and location must be chosen.  I can tell you that we are working with French investors buying a single family home in Surfside, Venezuelan investors buying a commercial property in Coral Gables, Italian investors buying a vacation getaway in Fisher Island….the list is endless – it is our job to help you study all the options.

How do you know if the investment is sound?

Finding the property then becomes the easiest part – the job actually begins after a particular property is identified and you are under contract.  I like to write about my forte in the business because being an architect gives me an edge that our clients find extremely useful.  When I visit properties with you, I make sure you see everything I see – I point out defects in construction, materials used, construction methods and pros and cons of buying that particular piece of real estate.  You will feel that you are seeing each and every property with your architect, putting your best interest before anything else.  Our clients will confirm that on many occasions, no matter how much they have liked a property, I have recommended that they walk away.  Emotions are separated from the transaction in order to make sure you are making a good decision.

Inspections

Do not assume that the only properties that have to be inspected are single family homes because there is no condo-board to protect you from “developer” or “building” flaws.  Although single-family home inspections are more complete than apartments, it is important to also complete building inspections for individual condos to make sure plumbing, electrical, air conditioning and appliances are in good condition.  Even if the condo is brand-new, it is crucial for these inspections to be thorough.

We recently helped an American Investor with a walk-through of a new Miami Beach condo.  He had contacted us 2 weeks before the walk-through asking if there was anything he should look out for during the walk-through and I offered to go with him in order to document any deficiencies.  Here’s what we found in his new condo:  Floor outlets were not property installed, there were missing ceiling fixtures, GFCI outlets were installed incorrectly in kitchen, windows were not sealed, there was evidence of puddling water in the balcony, the kitchen sink was missing a shut-off valve. There was a floor tile that was improperly installed, and a couple of other items – when I was done with the list, our client stood in front of me and said, “Do you realize that if you would not have come with me, all those items would have been missed and it would have meant more out-of-pocket money for me?….thank you!”.

Negotiations

You may be the best negotiator in this earth, but when it comes to buying your own property and dealing with a real estate market you may not be familiar with, it’s important for you to be able to detach emotionally and know that we will always work on your behalf.  There are intricacies in each real estate market, whether you are buying South Beach Real Estate, Miami Shores Real Estate or Coral Gables Real Estate.  There are also cultural and local idiosyncrasies that you may not be familiar with.  We will do the best possible job at negotiating for you and you will walk away a satisfied customer.

Closings

From attorneys to Title Agencies – we will coordinate and communicate with you and will never feel left out of the equation.  Buying a property as an absentee owner is never easy and you need to feel comfortable about the transaction.  Technology is our friend – we scan documents, e-mail, Skype and use other ways to make sure you don’t miss a thing.

Can you Handle the Truth?

There are many steps in buying  Miami Beach Investment Properties.  We will be the first to say that it is not rocket science and you don’t have to be a genius to make a successful purchase but we do ask if it is worth to leave it up to chance.  Whether you are hands on or prefer that someone handles everything for you, it is better to have someone that knows investments by your side, than to take a blind shot at making the right decision, especially if you don’t know the area and the way transactions are handled.  We do warn you that we are brutally honest and you may end up having fun with us….it’s part of who we are and the fact that we love what we do will make the process so much easier.  Don’t take our word for it either….take a look at some of these testimonials.

**originally published on October 27th, 2008**

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