Miami Waterfront Homes that SOLD above $5M in 2008. So, what’s happening this year with luxury homes in Miami Beach? Today, we have 77 homes on the market above $5M, with 11 closed sales above $5M this year. The areas I’m covering are South to North, including Fisher Island to Golden Beach, and only West […]
The Miami Beach boardwalk will soon extend its walkway North, covering the entire coastline! That’s right, from South Point Park all the way to the open space park in North Beach. With the major draw to Miami being the sand & Atlantic ocean, just a few feet away are the stretches of pedestrian-friendly walkways that […]
Sunny Isles Beach Condo Index 1Q 2008. In keeping up with the latest blog postings for Miami Dade County, I came across Lucas Lechuga’s excellent blog posting on ‘Brickell Condo Index’ and, in reviewing his comments, realized we really do need this for the oceanfront communities of Miami Dade. So here is the first Sunny […]
South Beach Condo Investment Analysis in 2008. The would-be investor often asks me what the income potential might be with 20% down. It seems as though the long-term, buy-and-hold outlook is correct, yet many investors seem to think or at least hope the property might be a cash cow or even break to cover their […]
Is Florida’s Luxury Real Estate Market Showing Cracks? Reuters.com is a trusted source for businesses and professionals looking for industry expertise. An article about the South East Florida (Miami) market came up yesterday, “Florida Luxury Home Market Showing Signs of Wear” Read Here. It talks about the influx of investors from Canada and Europe pouring […]
The Venetian Islands in Miami Beach are remarkable. The NY Times called me in early February to write an article on the Venetian Islands. The article went out last Friday, March 28th. Since this interview, there have been 5 closed sales this year and 5 additionally under contract (congratulations, Todd!). Another important difference is there […]
Miami Beach Real Estate Trends & Buyer Lessons. Well, friends, here is the 1Q scoop. The graph above shows us the Miami Beach condo inventory (33141/waterfront). Condo inventory listed for sale throughout 2007 into the first quarter of 2008. Notice the inventory heading up and then down. This may signify the market inventory improving. I’ll […]
A Bribery Probe at The Coral House Miami Beach. Having to bribe building officials of Miami Beach… No way! It’s so easy to get permits and work completed in Miami (isn’t it?) Coral Rock House owner Michael Stern If you’ve experienced the process, you’ll know it’s a big problem with Miami Beach real estate. A […]
Ashton Coleman | One Sotheby's International Realty
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