The Miami real estate market appears to be at the threshold of a down cycle. With today’s BREXIT announcement and the subsequent reaction in the securities markets, prudent real estate investor/buyers may feel stars are aligning in their favor. If considering the purchase of residential real estate, this guide is a resource you may find helpful. Feel free to download or contact me and I’ll email it to you.
Friday, June 24, 2016
Coldwell Banker Residential Real Estate Homebuyer Guide
The Miami real estate market appears to be at the threshold of a down cycle. With today’s BREXIT announcement and the subsequent reaction in the securities markets, prudent real estate investor/buyers may feel stars are aligning in their favor. If considering the purchase of residential real estate, this guide is a resource you may find helpful. Feel free to download or contact me and I’ll email it to you.
Thursday, June 23, 2016
Tuesday, June 21, 2016
Friday, October 16, 2015
Strong dollar slows foreign buyers, creates opportunity for US buyers!
While the strong dollar has slowed new condo sales by foreign buyers, prices continue to rise driven by the demand for “live/work/play” urban proximity. Rental prices are also rising as people seek a lifestyle less dependent on the daily commute. A few developers are attracting more US buyers by reducing deposit requirements from 50% to 30% for their remaining unsold units.
http://ow.ly/2bvO5B
Friday, October 2, 2015
New TRID Disclosure Regulations Take Effect 10/3/15
http://youtu.be/jBNbTkqAeGc
New Disclosure regulations take effect tomorrow (10/3/15) that affect all real estate contracts that become effective as of tomorrow. Here's a video that explains the changes.
Monday, September 21, 2015
Miami Real Estate- For The Ultra High Net Worth Set, it's the "Most Bang for the Mega-Buck!"
According to 2015's globally recognized Knight Frank Wealth Report, (Knight Frank Wealth Report 2015 - Top 40 Global Cities) only two US cities make the Top10 of the "World's Most Important Cities to Ultra High Net Worth Individuals".
It's no surprise that New York City lands the top US city spot, earning the #2 global ranking behind London. The Big Apple is undoubtedly the country's long established hub when it comes to finance, the arts, culture, and more. What has raised the eyebrows of readers around the world is the "other" US city to make the Top 10. Congratulations, Miami! You have ARRIVED! Of the Top 10, you are #6 in the world!
Miami has evolved from a Southern trading post with a population of just over 300 when it's Founding Mother, Julia Tuttle (That's right! Miami is perhaps the only major metroplitan city to be founded by a woman!), convinced Henry Flagler to expand his Florida East Coast Railway to Miami into a world class metropolis and international destination for business, education, science and technology and, of course, tourism.
Today, according to official reports, "The Magic City" is home to 2.5M residents, is regarded as the gateway to Latin America, and has transformed itself into a global destination and Southern counterpart to New York in multinational trade, fine arts, music, film and television, design, education, science and medicine, gastronomy, cultural diversity and even a blossoming technology sector. You've come a long way, Miami! Well done!
Real estate has led the charge in Miami's evolution. Before the 2008 global crisis, real estate values in Miami averaged 5 1/2-7.0%, a very attractive performance record. While the 2008 crash devasted the global economy, Miami real estate was hit particularly hard, and it was hit first. However, 2011 was the turning point, and we haven't looked back. Miami has seen four consecutive years of uninterrupted and sustained record-breaking growth, value appreciation and expansion. It has been a remarkable recovery, only overshadowed by the outlook for the future.
We are proud of New York City and concede that it deserves the top spot in the US, if not the world. We marvel at the fact that high luxury real estate in The Big Apple commands an extraordinary $4,000-8,000 per square foot, equal to Singapore, London and Hong Kong.
With high luxury prices in Miami falling between $1,000-2,500 per square foot (or roughly 75% less expensive than NYC), and considering all that Miami has to offer in terms of the work-live-play balancing act with a multicultural backdrop and some of the world's most beautiful land and seascapes, the current and future value of luxury real estate in this market are as bright as the morning sun that greets us every single day!
Here are a few of my favorite current and future luxury high rise projects in and around The Magic City. Whether the thrill and convenience of Downtown / Brickell Corridor is your preference, or you just can't resist the call of our world famous waterfront, Miami is where luxury and value fall in love!
1000 Museum Park - Downtown Miami
Miami World Center - Downtown Miami
Brickell City Centre - Miami Financial District
Faena Miami Beach - South Beach
Marina Palms Yacht Club and Residences - Aventura
Oceana - Key Biscayne
Jade Signature - Sunny Isles
Ritz Carlton - Sunny Isles
Wednesday, March 18, 2015
Wednesday, February 25, 2015
NOW UNDER CONTRACT!! Sensational 3BR / 2.5BA Center Grove LuxuryTownhouse w/ Private Pool
Wrap yourself in the lavish indulgence of this magnificent luxury townhouse nestled along the treeline landscape of Center Grove. Enjoy a cocktail from the covered patio's wet bar after an invigorating dip in the newly surfaced private pool, or unwind in the elegantly appointed interior. It also features a massive Master Bedroom w/ Sitting Area, marble floors, & backup generator for ultimate comfort and safety. New Energy Saver Central A/C. Walk to the shops, parks, restaurants and waterfront.
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PROPERTY DETAILS
Year Built: 2003
Bedrooms: 3
(Massive Master Bedroom with Sitting Area/Home Office)
Baths: 2.5
Square Footage: 2,355
In-Ground Private Pool
(Re-Surfaced 2014)
(Re-Surfaced 2014)
Chicago Brick Driveway and Rear Patio
Covered Rear Patio with Wet Bar
Granite Countertops
Stainless Steel Appliances
Flooring: Marble (1st Floor)
Garage: 1 Car + I Car Driveway
Security System
Backup Generator: 8kVA (LPG) with Manual Transfer Switch
Privacy Gate and Fence
New Central HVAC System
(2014)
Hurricane Shutters
New Central HVAC System
(2014)
Hurricane Shutters
Tuesday, February 10, 2015
MIAMI - THE SUPER METROPOLIS OF THE AMERICAN RIVIERA!
Miami is the hub of South Florida, and is morphing into the very nerve center of the entire state. The city is now a center of culture, art, education, science and medicine, technology, finance, global trade, and, of course, tourism, leisure and natural beauty. It is a complete destination in every sense. Wealth continues to find a home in Miami, whereas it was formerly perceived as a gateway or leg to a subsequent resting place for investment capital or to foreign investors, a safe harbor to secure one's fortune when things at home got rough. Much of the world now sees Miami as either their home, or perhaps wish that it were. Where Miami used to be a place where people from around the world came to spend their money, they now see it as a place to make money and build a future for themselves and their families. As infrastructure plans unfold and materialize, Miami becomes more accessible to the rest of the state, country and the world. As Miami grows, the world gets smaller. We are living through a watershed period in Miami. The city has evolved into a tropical "Super-Metropolis" in much the same way New York, Paris, London and Hong Kong are seen, only with better weather, nicer beaches, and lower prices.
While resale property inventories have been low over the last three years, it is now being counter-balanced by increasing property values which have cut distressed homes in half and inspired homeowners to put their homes on the market in order to find bigger, better and perhaps newer homes. Builders, developers and designers have answered the call with a surge of new homes and communities, many of which are extraordinary to the point of defying the imagination. Our urban and waterfront centers are replete with glass and steel pillars of progress redefining the skyline on a regular basis. Countless state of the art high rises that erupt from the ground are a seemingly daily occurrence, each one more exceptional
than the next.
Please take a moment to visit my new development website. See for yourselves what all the excitement is about. Afterwards, if you feel your adrenaline level on the rise and you want to be a part of it, I hope you'll give me the opportunity to make it happen for you.
CLICK HERE: Your Window of Opportunity into the Future
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