Miami Beach Real Estate: Waterfront Foreclosures and Stuff

Hey!  I missed you.  Really, I did.  I won’t bore you guys with where I’ve been and what I’ve been doing but I will give you the quick and dirty and then get to the good stuff.

I joined ONE Sotheby’s International Realty about two months ago (it’s a blur–don’t know exact date) as vice president.  I was with my previous firm for approximately 15 years, so it was mildly traumatic.  Many people ask me why I left and I think that is a fair question, so I will answer it here. 

Most agents leave offices for more money.  I did not.  I joined ONE Sotheby’s for one simple reason:  It is a superior product for my client.  The exposure that Sotheby’s International Realty offers its clients is, quite frankly, unmatched here in the South Florida market.  Period. 

ONE Sotheby’s is in the midst of opening up FOUR offices in Dade and Broward counties, one of those being a spectacular new office in the chic South of Fifth neighborhood of South Beach, located at 119 Washington Avenue.  It will be a state-of-the-art real estate office with beautiful finishes and lots of windows letting the warm Florida sunshine in. 

ONE Sotheby’s is owned by Mayi de la Vega who is a Coral Gables-area real estate juggernaut and a beautiful person (inside and out).  Daniel de la Vega, Mayi’s son, is the broker and managing partner for the firm.  I’m very lucky to be associated with such a fine group of professionals.  Ok, enough.

On to business.  There are some pretty spectacular and rare Miami Beach waterfront foreclosures new to market.

Miami Beach Waterfront Foreclosures

First, there are two side-by-side properties available on San Marino Island (Venetian Islands)430 W San Marino Drive, Venetian Islands

430 W. San Marino Drive (above) is a very desirable point lot with 100′ of prime unobstructed water frontage.  The buyer will most probably raze the structure.  The lot is almost 13,000 sf.  Asking price:  $2,300,000

426 W. San Marino, Venetian Islands, Miami Beach

426 W. San Marino Drive (above) is also a point lot, right next door to 430 W. San Marino and is about the same size and water frontage as 430, but the house is livable.  It demonstrates some functional obsolesence:  the house is sited very close to the water and is not quite the caliber of home that would occupy this prominent point lot.  The property has been somewhat renovated, has a pool and a dock. This Venetian Island home has been vacant for some time now.  Asking price:  $2,500,000

One could purchase both homes together and obviously build a great home on two spectacular point lots, or knock them both down and build two new homes.  You get the picture.

1824 Cleveland Miami Beach waterfront foreclosure

Another waterfront property of note is 1824 Cleveland Avenue (above) on Biscayne Point Island in the North Beach neighborhood of Miami Beach.  The property is on a 9,000 sf lot and has canal views.  The list price is an unheard of price of $389,070

Check out more Miami Beach real estate here

  • http://www.facebook.com/profile.php?id=714920682 Anonymous

    Kevin,

    I’m wondering if the two lots on San Marino are owned by the same bank so that someone could be assured of getting one if they buy the other. The combination of the two lots is priceless.

  • Anonymous

    First, congrats on the move. It sounds as though it’s simply in the best interest of your clients (that’s how all agents would act in an ideal world). Nevertheless, without knowing the SB market, it sounds as though these are PHENOMENAL values for waterfront properties.

  • http://www.marblepolishing.net/marble-polishing-florida-city.html Marble Polishing Florida City

    Great site. thanks for sharing.

  • http://www.brianporter.com Brian Porter

    I am just curious if these two houses have sold. Have you made a follow up post? Thanks, Brian

  • Anonymous

    Wow ! it is a awesome Miami Beach Real Estate view. I really like the images of this Miami beach real estate. Its looks so beautiful and amazing.

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