Heinous MLS Photo of the Week: Valley of the Dolls

South Beach real estate

Ok, someone needs to hide the pills!  Enough said.

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Categories: Heinous Photos

Ricky Martin Re-Lists Miami Beach Luxury Estate for $19.5M

Ricky Martin Miami Beach Estate

Pictures from the Southeast Florida Regional MLS

Where will Ricky live?  Yesterday, Ricky Martin listed his home on prestigious North Bay Road for $19.5M.

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Categories: Celeb stuff, Miami Real Estate, Real Estate News

Foreclosures and Short Sales in Miami Beach and South Beach Luxury Condos

I’ve done a round-up of all the short-sales, foreclosures, and bank-owned luxury condos in Miami Beach.  I’m sure there are more, but not all of these types of properties get listed in the MLS, which is what I’m using for my source.

First off, AQUA Allison Island Condos has four units available for sale:

  1. 6103 Aqua Avenue #201 - 1/1.5, 1380 sf, $369,000
  2. 6103 Aqua Avenue #901 - 4/4.5, 2766 sf, $1,200,000 (no balcony)
  3. 6103 Aqua Avenue #704 - 3/3.5, 2203 sf, $970,000
  4. 6103 Aqua Avenue #601 - 3/3.5, 2203 sf, $899,900

Next, Murano Grande in South Beach, has three condos listed for sale:

  1. 400 Alton Road #2309 - 2/2, 1437 sf,  $874,900
  2. 400 Alton Road #2209 - 2/2, 1437 sf, $850,000
  3. 400 Alton Road #605 - 2/2, 1437 sf, $850,000

The Green Diamond Condo in Millionaires’ Row has two units:

  1. 4775 Collins Avenue #1804 - 2/2 + den, 1550 sf, 2 parking spaces, $765,000
  2. 4775 Collins Avenue #1505 - 2/2, 1380 sf, $750,000

Bel Aire on the Ocean in North Beach has one unit:

  1. 6515 Collins Avenue #703 - 2/2, 1126 sf, $630,900 

6000 Indian Creek in Millionaires’ Row:

  1. 6000 Indian Creek #1801 - 2/2, 1300 sf, $650,000  

Oceanside Plaza in Millionaires’ Row:

  1. 5555 Collins Avenue #16Y - 2/2, 1350 sf, $470,000

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Categories: 33139, 33140, 33141, 6000 Indian Creek, AQUA Allison Island Homes, Bel Aire on the Ocean, Blue and Green Diamond, Foreclosure, Murano Grande, Oceanside Plaza

Bath Club Miami Beach: Crunching the Real Estate Numbers at 5959 Collins Avenue

Bath Club Miami Beach real estate I’m a very connected guy. I don’t mean connected in a way where I know people (well, I do know people); but I like to keep my ear to the ground. I noticed that a lot of new listings were coming on the market at the Bath Club in Miami Beach, so I decided to run some numbers and see what was going on there.

In the last 30 days, 11 listings came on the market. That may not sound alarming but with only 112 units in the development, it certainly caught my attention. As of today, there are 36 units on the market, which represents 32% of the condominium. A balanced real estate market dictates that about 10% of the condominium’s units could be available for sale at any given time.

Next, I did some numbers of actual sales activity in the Bath Club:

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Categories: 33140, Market Statistics, Mid-Beach Condos, The Bath Club