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Philly steak omelette gives place for first Sunny Isles Beach new construction on West side of Collins

Sunny Isles new construction West side

Philly steak omelette gives place for first Sunny Isles Beach new construction on West side of Collins

For decades, tourists crossed Collins in shorts and sun huts from the beachside motels to Denny’s for breakfast or lunch. But, as the oceanside of Collins Ave has changed into ultra luxury new construction, the new residents are more interested in oysters and other delicacies than in 2000 calorie cheap meals. It was just a matter of time before such a valuable piece of land turned omelettes into 1 million dollar condos.

The Verzasca group will build a 19 story luxury tower with a slightly lower price point considering buyers will have to cross the street to enjoy the ocean so instead of $1,500 a foot, they are planning on selling the 76 units at $1,000 a foot. Architect Luis Revuelta is in charge of wowing us with the design.

It’s a matter of time before the trend extends as a tsunami washing away other sites on the West side to bring more luxury towers and high end retail. Its hard to imagine that the residents of a $5 million condo will be interested in buy one get one free at Payless Shoes.

With the walkable trend growing fast in Miami, the composition of the whole are is destined to change. Sunny Isles is in serious need of fancier office space, high end retail and restaurants to cater to the new high caliber population. Even though Sunny Isles Beach new construction is right between Bal Harbor shops and Aventura Mall, traffic is a nightmare that requires some good relaxation music and deep breathing. Walking across the street for some last minute urgent Louboutin shoes would be a much welcome change for the new crowd.  A new Design District across from the ocean would be a better match, the question is, who will be the visionary starting it?

Want to have a pie de terre in this paradise? Contact us at buymiamirealestate@gmail.com for more info on Sunny Isles Beach new construction

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Do you really need me? no…but if you are smart, you want me

Oceana Bal Harbour pool

Do you really need me? no…but if you are smart, you want me

You probably have asked yourself many times if you really need a Realtor. Through the magic of internet you now have access to so many websites and portals that “do it yourself real estate” is a possibility. But why wouldn’t you want to work with a savvy professional that can advise you, do the search with you, help you analyze the pros and cons and even find information you maybe didn’t even know you needed to make an informed decision? If you are a buyer, the professional service of a Realtor costs you nothing, so you can have someone represent you, do research, negotiate, and follow up on every step of the transaction for no cost to you at all, zero, nada. If you ever met someone online and then found that in person he or she was 20 years older and 20 pounds heavier you have an idea of the picture…no difference with a property. Real estate is a serious thing, probably the largest investment you will ever make so why not use all the help you have available? Have you ever thought of checking the financial stability of a building? Do you know who to call for an inspection or who should pay for what in a transaction? How about checking the history of the property, past sales, taxes, etc?

If you are a seller, there are many sites where you can list your property online by yourself. But as the story of the CEO of “For Sale by Owner” clearly showed a few years ago, a Realtor can make you more money and sell it faster. He had his own condo for sale for months and finally listed it with a realtor who made him a few hundred thousand more even after commission. Can you cut your own hair, pull your own teeth or fix your roof? Of course, but why would you, especially if you want to look good, smile and stay dry. Selling your property is more than opening the door and showing it, and even if you are good at marketing and negotiating, what is the cost of the time you are taking away from your own job? Do you have the power to access the amount of people necessary to get a buyer?

You may have bought or sold a few properties in your lifetime, but twenty years of experience in real estate in Miami mean a lot of transactions closed and problems solved. So, do you really need me? no…but if you are smart, you want me.

Contact us at buymiamirealestate@gmail.com or call 786-251-9513 and 305-788-2878

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Condo sales in Miami level while homes go up

the bond 4

Condo Sales in Miami level while homes go up:

Condo sales in Miami and the tri- county area (Miami, Fort Lauderdale and Palm Beach) are leveling and that is a good thing. We have all suffered “the morning after” crash to reality after the hipe of the real estate party years ago when the market collapsed. What seemed an unstoppable train of rising prices and flipping frenzy turned into a panicky stop. Now, after the painful recovery, it seems we have all learned a thing or two. At least the market is saying so with numbers and stats. We have come a long way in the recovery and prices are getting to pre-bubble times but this time around catching the breath and slowing into a normal healthy level. Healthy enough to allow appreciation and avoid flipping madness.

There were 3,371 condo sales in Miami and tri-county area in February, up from 3,142 sales in January and up 0.1 percent compared to same period in 2014. The median price, however, was up 4 percent year-over-year to $145,750. Now remember these figures encompass all of the tri-county area from hot Brickell to areas like Homestead or Lantana so don’t expect to find an oceanfront condo in Sunny Isles Beach at this price (though we can find you some pretty good deals).

Single family home sales in the tri-county area went up 17.9% from last year and median price in January was $260,000 which means homes are catching up to condo sales in Miami. This is an indication of organic growth of the local market (condo sales in Miami are a mix of vacation, investment and permanent use while homes tend to be mostly permanent).

If you are a runner, you know that you can train your endurance and run a little further every week, but if you don’t level at some point you will eventually hurt yourself and come to a painful stop. It looks like condo sales in Miami have finally learned the proper care for a healthy long run.

If you are interested in learning more about condo sales in Miami and buying a property contact us right away, we know the market, we can help: call 786-251-9513 or email buymiamirealestate@gmail.com