Why do some properties languish on the market for an eternity, while others get snapped up?
Some sellers don’t want to admit that they know the real reason that their property isn’t selling.
Enter Terra Beachside Villas at 6000 Collins Avenue
Why Terra Beachside is Selling
- Supply and Demand
Period. Have a nice day.
For more info on Terra Beachside Villas click here
I believe the high-end waterfront home sector in Miami Beach will be the story of 2010. Here’s why: Inventory is way up, homes have been sitting on the market for record amounts of time, and number of real estate transactions are way down.
Capitulation is Right Around the Corner
Miami Beach condos have been pummeled in the media for years. Prices have dropped big time, except for the South of Fifth neighborhood. Inventory is decreasing and number of transactions are up—way up. Not the same for waterfront Miami Beach homes.
All Real Estate Will Succumb-Sooner or Later
Many luxury homeowners are getting antsy. Agents have been telling them for years to “hold on, you’re special.” They wanted to believe, but they are losing hope–and fast.
Located on San Marco Island, one of Miami Beach’s Venetian Islands, 1350 S. Venetian Drive has been on the market since February, 2009. The waterfront Mediterranean home was built in 2003; has 7991 sf, five bedrooms, seven bathrooms and two half baths. The home was originally priced just under $7M, and today, was reduced to $4.985M or $624 psf! Contact me for a showing.
Venetian Islands Homes For Sale
Mei Miami Beach: Oceanfront Luxury for Less
These pictures are from the newly-opened Mei Miami Beach. “Mei” (pronounced “May-ee”) is an Asian “themed” (notice I put “themed” in quotes) condominium located at 5875 Collins Avenue in Miami Beach.
Ya’ll can go on and say whatever you like about Miami Beach real estate. If pics are worth 1000 words, then, “Alex, I’ll take “Mei” for 2000, please.”
Just a little note on the above photos- they were taken today, completely un-retouched and were not staged.
The developer recently reduced prices, substantially. I think that “Mei” may mean “value” in Mandarin (Oh man, I’m laughing so hard! I’m hot tonight!). Seriously, though, for the quality and location of this project–you’ll be hard-pressed to find a better deal on Miami Beach.
Check out condos for sale at Mei Miami Beach
PS Mother Nature really kicked it for Earth Day today! 😎
6410 North Bay Road, Miami Beach, FL 33141
While perusing the residential real estate inventory on Miami Beach, I came across this fantastic home which was reduced by $1M today! Located on very prestigious upper North Bay Road, and home to celebrities like Ricky Martin, Calvin Klein, and Matt Damon, this estate has five bedrooms, 5,000 interior sq. ft., and a 24,000 sq. ft. lot according to Elliman Florida, the listing broker.
For boaters, the property has 100 linear feet of deep-water frontage with new dock.
Built in 1949, this home exudes old Hollywood glamour and features a traditional layout, updated kitchen, and spectacular wide-bay views.
Sound nice? It is.
Ok off the heels of last week’s wildy successful “Great Deals” post, I decided to make it a regular here at the SBCB. Some of these condos may or may not be in foreclosure or bank-owned. I truly believe that the best deals are out there, it’s just that they are being overlooked because many people’s eyes light up when they hear foreclosure or short-sale. Word to the wise:
short-sales and foreclosures are not always the best buys. Don’t tell me I didn’t warn you!
4775 Collins Avenue #3106. Best buy for a 1/2 + den on a high floor. Bank-owned. Have at it!
Check out all Blue and Green Diamond condos for sale here
6801 Collins Avenue #1405. $1.2M. Incredible flow-through unit with east, south, and west exposures. This deal is almost too good to be true. AAA building with a great future!
6801 Collins Avenue #2006. $837K. LPH unit on the 20th floor. 2/2 split floor plan. Western views of Miami Beach and downtown Miami. Huge terrace. See for yourself. Great price point to be in this exclusive resort.
Check out all Canyon Ranch Living Condos for sale here
650 West Avenue #1008. $599K. 3 bedroom/2 bath with 1191 sq. ft. in newer bay front building in South Beach. Haven’t seen these numbers in a while. Bank-owned
Gorlin Building: 6101 Aqua Avenue PH 11B. $1.999M
Spectacular two-level penthouse in super desirable Gorlin building. Unit is drop dead! 2800 +/- interior sq. ft. with 20 ft. glass atrium and rooftop hot tub. Make offers.
Click here for all available condos for sale in AQUA Allison Island.
10295 Collins Avenue #909. $2.25M. Incredible direct oceanfront northeast corner in the most talked about building on Miami Beach and Bal Harbour. Quality, finishes and amenities unrivaled by ANY luxury building in South Beach or Bal Harbour!
Click here for all available condos for sale at One Bal Harbour.