Coconut Grove, Coral Gables & South Miami Real Estate
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Archive for the 'Luxury' Category
Miami named as “Most Outrageous and Most Positive” City on the Road to Real Estate Recovery
In a recent interview on CNBC, Ron Peltier, CEO of Homeservices of America, stated that he believes that we are on the road to real estate recovery and expects price stabilization in the second half of the year. He specifically mentioned Miami as having the “most outrageous and most positive” turnaround regarding market stabilization.
Mr. Peltier said that we have reached a “tipping point”. Much of this is due to the increase in rental prices. Many rentals are higher than the cost of owning a home. Additionally, he feels that there are many people that have been sitting on the sidelines for years that are now ready to purchase a home.
All of this is great news for us here in South Florida and frankly, as Realtors, we have been seeing the signs for months now. If you would like to see the entire interview just click on the link below.
Buffet CEO Ron Peltier interview with CNBC
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here.
Number 1 in Luxury Home Sales – EWM Realtors
So far this year, EWM is ranked as the #1 Realtor in Miami-Dade & Broward combined for sales in excess of $1,000,000.
For the past four months, EWM has averaged selling a million-dollar-plus property every 24 hours… averaging 33 sales per month.
When thinking of selling your home, choose a specialist with a proven record!!
If you or someone you know are looking for a real estate professional, give me a call at 305-987-2644 or send me a note here.
EWM Realtors – South Florida’s Luxury Real Estate Leader
Need I say more?
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here
Just Sold – Grove Towers Foreclosure
My buyers just closed on this magnificent 3 bedroom, 3 bath condominium in Grove Towers and all for $203.33 per sq. ft. (Sale Price $342,000) With the average list price in the building of $363.13 per sq. ft. listings and recent sales average of $373.27 per sq. ft., this was a spectacular deal.
This is another good example of how working with a “local expert” can make all the difference when it comes to buying or selling your home.
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here
Low Mortgage Rates Aren’t Just for New Homebuyers
It’s everywhere, “Mortgage Rates at Lowest in 50 years”, even in my previous blog. But what if you aren’t a new homebuyer? What can this mean for you? Well, there are a few ways you might benefit from these lower interest rates. CNNMoney.com offers 3 suggestions for current homeowners.
1. Consider re-financing to a 15 year mortgage. A 15-year mortgage saves you in two ways. The interest rate is generally about a 1/2 point less than a 30-year conventional plus you can save tens of thousands in interest by paying off your loan in half the time.
2. Improve your Cash Flow. By re-financing your home at a lower interest rate, you will lower your monthly payment, thereby lowering your monthly expenses. Obviously you need to take into consideration your current interest rate and closing costs but you might find significant savings and be able to replenish that savings account or pay off some credit card debt. A good mortgage broker can assist you with the calculations to determine if this is a worthwhile option for you.
3. Double Down on Real Estate. If your future plans include a second home in North Carolina, a condo on the beach or maybe your looking for an investment property, now is the time to consider this purchase. While rates are low and prices are still favorable, if you have the money, the timing for that purchase is now.
To read the entire CNNMoney.com article just click here.
Of course, if you or anyone you know of is considering buying, selling or renting a home here in Miami, and would like working with a professional, give me a call at 305-987-2644 or you can email me here
Three Coral Gables Condos with Surprisingly Spectacular Views
Recently, I was showing condos to clients relocating here from Washington D.C. Because of where they were coming from their first priority was the view. When people come here to Miami looking for a view, we generally think of coastal areas such as Coconut Grove, Brickell, Downtown or Miami Beach. But in the heart of Coral Gables is an area on the northern end of Ponce de Leon Blvd. that has three new construction buildings with surprisingly spectacular views. And even better, they and are priced very competitively for sale and rent.
The buildings located at 1300, 1607 and 1805 Ponce de Leon Blvd. are all mixed use buildings which means that they feature commercial space at the base of the building with residences above. Since they are the tallest structures in the area, many of the views are unobstructed for miles. We were very surprised being able to see downtown, the beaches and even the water to the east with limitless views of the Biltmore, golf courses and the residential areas surrounding.
All the Coral Gables shopping, restaurants and even golfing are within walking distance. Even better, you can jump on the Gables Trolley which provides public transportation throughout the day. The perfect urban style living.
Here are photos of each building with a link to the units currently available.
Additionally, all of these building have units for rent and since renting seems to be more prevalent, here is a list of the rentals for all three buildings.
Coconut Grove Luxury Home reduced by $300,000. under contract within 7 days
Recently my home for sale at 3835 Park Avenue, Coconut Grove, was reduced by $300,000. to an asking price of $1,499,000. It is a 6 bedroom, 6.5 pool home located on a cul-de-sac in South Grove. Within days it was under contract. Just goes to show that when a home is priced right, it will get attention.
Bayshore Drive, Coconut Grove’s Waterfront Corridor
The winding bayside road that links Coconut Grove to Brickell and Downtown Miami is know as Bayshore Drive. Beginning in the Coconut Grove Village center it curves past Peacock Park, Dinner Key Marina, Monty Trainers, Kennedy Park then snakes past Vizcaya on it’s way towards Downtown.
There are some of the most breaktaking homes located along this drive. Here are just a few.
This landmark estate is located at 1653 S. Bayshore Drive and is a 4 bedroom, 4.5 bath with 4,310 square feet of living area with just under an acre of land. Asking Price $2,295,000.
I featured this home, Villa Valentina, in a previous blog as one of my Coconut Grove favorites. This 6 bedroom, 4.5 bath estate consists of 4 separate living quarters and is located at 1855 S. Bayshore Drive. Asking Price $2,885,000.
This three story Meditteranean Villa features 4 bedrooms, 5.5 baths with 6,150 sq ft of living area and comes with a boat slip. It is located in a private community consisting of 25 homes. Asking Price $2,799,000.
Here is a complete list of homes currently for sale on Bayshore Drive, Coconut Grove, Florida
In addition to single family homes there are several condominiums along Bayshore that overlook the sparkling waters of Biscayne Bay. The Grovernor House, Mutiny, Grove Hill Tower, Grove Tower and Yacht Harbor, to name a few, are all luxury at it’s best.
If you or someone you know is looking for a real estate professional who specializes in Coconut Grove real estate, give me a call at 305-987-2644 or send me a note here.
Camp Biscayne – Coconut Grove’s Secret Sanctuary
Right off Main Highway in the heart of Coconut Grove, nestled behind lush vegetation and towering oaks is the prestigious, private community of Camp Biscayne. With the entrance located across the street from The Coconut Grove Playhouse, this gated community of just 11 homes is a secluded sanctuary right in the midst of it all and adjacent to the waters of Biscayne Bay.
When I say, in the midst of it all, I mean literally. Many neighborhoods are walking distance from the Village of Coconut Grove but upon exiting Camp Biscayne, you are in the village center. The entrance is set so far back off the street that you really have to know what you are looking for or you will just stroll right on past as many do everyday without even realizing what is concealed behind the unassuming gates.
There are currently 3 homes for sale in Camp Biscayne.
This home located at 3100 Munroe Drive, has 5 bedroom, 5.5 bath, 8,025 sq ft of interior living area and 124 ft of deep water frontage with no bridges to the bay. Asking price $4,875,000.
This home located at 3504 Banyan Circle is a 3 bedroom, 5 bath home with 4,171 sq feet of living area on an 18,625 sq ft lot. Asking Price $3,250,000.
This 4 bedroom, 3.5 bath home is located at 3500 Munroe Drive. It has 4,423 of living area on a 15,525 sq ft lot. Asking price $1,495,000.
Click here for photos and more details on the homes currently for sale in Camp Biscayne.
There is also Camp Biscayne land for sale, just waiting for the right owner to develop.
If you or someone you know is looking for a real estate professional who specializes in Coconut Grove real estate, give me a call at 305-987-2644 or send me a note here.
Gables by the Sea – A Boaters Paradise
If your looking for luxury waterfront living then Gables by the Sea is the place for you. As the name implies, life revolves around the sea in this community where water-skiing, sailing, scuba diving, deep sea fishing and just plain boating are year-round activities.
This private gated community of single family homes features a series of channels with many providing direct access to Biscayne Bay and the Atlantic beyond. Located at the southernmost point of Coral Gables, just south of Fairchild Tropical Gardens and Matheson Hammock Park, it is minutes from all the major metropolitan areas of Miami.
Quite the eclectic community, Gables by the Sea features a mixture of older established homes and newer construction throughout. Prices vary drastically based on access to the bay, age of home and condition of the property. At this time, there are 22 homes for sale ranging in price from $765,000. to $3,697,000. Within the last six months, there have been 6 sales with prices ranging from $605,000. to $2,450,000. and 2 homes currently under contract.
Truly a boater’s paradise……
If you or someone you know is looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami real estate, give me a call at 305-987-2644 or send me a note here.
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