In a recent report release by Florida Realtors, the housing market in Florida had increased inventory and rising median prices in July. The figures show a 5% increase (from July 2013) in single family homes that closed statewide, totaling 22,099. Overall, inventory for single family homes has risen 17.5%. The number of sales shows a lesser number of short sales last month as compared to last year…54.8% less short sales for single-family homes in the state.
According to Florida Realtors, inventory for single family homes was at 5.5 months supply and townhouses at 5.7 months supply.According to Dr. John Tuccilo, Florida Realtors Chief Economist, “The July numbers look very much like June’s when each is compared to the prior year. This tends to verify our preliminary view that the market is settling into a stable pattern.”
This is good news for the local real estate market, as we have seen the months of inventory in South Florida grow as well and it seems that the market is stabilizing. With fewer short sales and foreclosures closing, the market is getting back to “normal”. Now is a great time to buy or sell. Contact the Restivo / Hechtman Team for help with all your real estate needs.
With a ‘furnished’ rental, don’t assume it will come with much more than just the bare basics.
This condo unit in 500 Brickell was a real breath of fresh air … (in case you’re a landlord looking for ideas).
It had all the trimmings of a high-end hotel suite (and more) … and since a picture is worth a thousand words, we thought we’d fire away. (Listed for under $2,300 per month … in Miami … we rented this one bedroom condo unit out quickly)
Staged with decorative art, candles, fruit, cheese knives, placemats … soap, towels, toothbrush, toothpaste, dental floss …
The kitchen was equipped with a new blender, toaster, coffee maker, dishes, plates, bowls, silverware, glasses, wine opener, serving pieces, cookware, plastic wrap, salt and pepper … pots & pans … It came with an iron & ironing board, linens, bedding, pillows … television …candles…
“Furnished” can mean anything from just furniture … to something more like a hotel room. When you come across a furnished rental with all the bells and whistles, chances are your landlord probably will be a good one.
Are you contemplating buying, selling, leasing or investing in property in Miami ? If you’re looking for a top Miami Realtor, we’d love to chat with you … The Restivo Hechtman Team at EWM Realty International… e-mail: [email protected] … Feel free to call us at 305 793-1365 or 305 632-0164 or connect with us here anytime.
Looking for an opportunity to live in Pinecrest? 7330 SW 116th Terrace … $675,000.00
FIRST TIME LISTED … This is a house full of love & a lifetime of memories. The current owners will be downsizing to another city, to a house directly behind their daughter’s … coincidentally 50 years to-the-day from when they bought their Pinecrest house.
We wanted to give our blog readers a head’s up on this lovely new Pinecrest listing and invite you to share it with anyone who might be looking for an opportunity in Pinecrest:
7330 SW 116th Terrace: Some of the house is original. Every bit of it is immaculate. It’s situated in north Pinecrest on a tranquil treelined street, fairly close to Miami Palmetto Senior High School, with the added advantage of being within the most desirable PINECREST SCHOOL DISTRIST.
3 bedrooms. 2 baths. (Guest bath has been beautifully redone … Master bath is ensuite and original).
Light, bright living room/dining room in the front of the house. Paneled Florida room/breakfast room overlooking the garden. Eat-in kitchen with sliding glass doors. Oversized 2 car garage … 15,000 square foot lot…sprinklers … hurricane shutters (accordion). House is fully tiled throughout. Bright, cheery, warm and welcoming. Spacious galley kitchen … tiled countertops, dishwasher, side by side refrigerator, new wall oven & sink … opens through sliding glass doors onto the covered patio. Located on a tranquil treelined side street, fairly close to Palmetto Senior High.
Has a huge, fenced backyard – great for playing ball. Screen-enclosed covered patio AND an additional wood deck for bar-b-queing. Fruit and avocado trees, veggie garden. Accordion shutters. Municipal water. “Pinecrest schools”.
FIRST OPEN HOUSE: WEDNESDAY JULY 30 (12pm- 3pm).
7330 SW 116th Terrace, Pinecrest Florida 33156: For sale by the Restivo Hechtman Team at EWM Realty International
Vicki Restivo 305 793-1365 [email protected] Alexandra Hechtman 305 632-0164 Showing by Private Appointment … or feel free to stop by either of our two upcoming open houses:
Open House: Wednesday, July 30 (12pm-3pm)
Open House: Sunday, August 3 (2pm -5pm).
Our Miami Real Estate Blog and Website: www.MiamiRealEstateCafe.com
I woke up up this morning wanting to go back to the restaurant we ate at last night. EATING HERE IS JUST LIKE BEING IN ITALY!
The chef is brilliant. The pastry chef is an cullinary artist. Both of them, as well as the owner, Carlo Sargenti, are from Rome.
The name of this delightful new Gables restaurant is Roma Eat … There’s no sign out front (yet)… 271 Miracle Mile, Coral Gables …. It opened a couple of days ago … and I think it’s going to be the neighborhood restaurant many of us have been waiting and hoping for … the kind of neighborhood place we’ve wanted to find in Miami: with atmosphere and a fun vibe … Italian music… and fresh, authentic, exquisitely devine homemade ITALIAN CUISINE…
Like to own a piece of Miami history?
One of the oldest cottages in the Grove was JUST listed for sale … (This one dates back to 1935 – if not before).
Miami photographer, Claudia Uribe, photographed this one, along with 32 others for Beth Dunlop’s book “The Tropical Cottage – At Home in Coconut Grove” … It’s an awesome book on the Grove, giving some insight into the 33 most unique cottages Coconut Grove has to offer.
Our colleagues at the Riley Smith Group listed this quintessential 3 bedroom 2 bath cottage through EWM Realty Int’l for $730,000 at 3752 Kumquat Avenue … For more information or to see this cottage, please call us at 305 793-1365 or 305 632-0164or contact us here [email protected]
This new listing is literally two houses up the street from one of my all-time favorite bungalow/cottages … another cottage that was showcased in Beth Dunlop’s book, “The Tropical Cottage – At Home in Coconut Grove” … That other one, a 2 bedroom 1 bath cottage at 3720 Kumquat Avenue, was listed and sold by the Restivo Hechtman Team for $431,000.
Getting back to this ‘new’ quintessential Kumquat listing… It is adorable … nestled under a tree canopy on one of the Grove’s most characteristic streets, Kumquat Avenue … Architecturally this one has a Spanish influence (with a touch of Alsace France … with it’s thick, pale blue stucco exterior).
This Kumquat cottage offers ‘everything’ Grove … the lifestyle … friends and neighbors out and about … bicyclists and passers-by heading to the center of town for breakfast on the weekends/ newspapers in hand … strollers, dogs … It’s a toss up whether the front porch or the front yard wins as the best spot for morning coffee. Read the rest of this entry »
If you want a Miami neighborhood (with acre estates – and priced below what you’ll find in Pinecrest) there is one neighborhood that relatively few people know about: Historic Sunset ( by South Miami).
Architects and builders have been building personal residences for themselves and their families there for years now … living there and not wanting to move. Up until a few of those multimillion dollar homes actually came on the market, and began to sell, prices in that neighborhood remained low – for lack of comps and lack of inventory. The neighborhood still isn’t as well known as Pinecrest or Coral Gables … and that adds to the value … Where is this “secret gem of a neighborhood” ? It’s the Historic Sunset area … south of St. Thomas the Apostle Church & School … north of Sunset Drive … south of Miller Road… and east of the Palmetto (SR 826) … It abuts both Coral Gables & South Miami … very close to the University of Miami.
It’s a quiet tree-lined neighborhood that juxtaposes recently-built multi-million-dollar acre-estates with rather modest smaller older homes… in an area that many people are only vaguely familiar with (unless they’ve searched a five mile radius of UM for property and stumbled across it that way … or have driven around to explore). Buyers tend to be familiar with/ or “know” Pinecrest, Coral Gables, Coconut Grove, and South Miami … but this Historic Sunset Neighborhood is an awesome alternative for home buyers, and can offer significant bang for your buck. And … it’s literally just minutes from everything. May be worth exploring if you’re relocating to Miami, working for the University of Miami, Baptist Hospital, or wanting to live and work in the general area of Coral Gables, Pinecrest, Palmetto Bay, High Pines, Ponce/Davis, or South Miami … and not stuck on needing to be within the boundaries of Pinecrest Elementary School.
We listed a unique French-style two story pool home in this Historic Sunset area last week. It’s an acre estate, with a lighted tennis court, fenced and gated … with European feel, flair & warmth: 7411 SW 66th Street. Listed for $1,100,000 this home’s façade hints of France (with it’s mansard roof) … It blends the Mediterranean with a tropical Miami vibe and location … It has an outdoor summer kitchen and paella grill… Grounds surrounded by fruit trees (mango, avocado, lychee, citrus, star fruit, kumquat) … Located at the far end of a cul-de-sac across from a mega mansion that’s going up just across the street… and from what I know, amazing neighbors.
This home is gated and fenced … with a circular drive … It’s a two story (with three of the bedrooms upstairs). There are 3260 square feet of living area - and the home was completely remodeled in 2001. Lighted spacious tennis court. Sparkling pool. Outdoor summer kitchen and built-in paella grill. An understated theatre/media room. Full house generator. 4 air conditioning units. 60 foot deep well. Impact windows/shutters. Alarm. Fireplace. Wine cellar. Wine Fridge. 4 bedrooms. 3.5 baths. Upstairs terrace overlooks the pool and tennis courts and grounds. Vegetable garden. Covered patio entertainment area downstairs. Surround sound (indoors and out). Located on a cul de sac with no through traffic.
To see this property or others, or to list your property for sale, contact the Restivo Hechtman Team at 305-793-1365 and 305-632-0164. This house is a pleasure to show! Visual Tour 7411 SW 66th Street, Miami Florida
The Restivo Hechtman Team is hosting a Broker’s Open today from Noon-2:30 pm.
Come see this two story home that’s nestled among multi-million dollar homes and features a European feel, a lighted tennis court, an outdoor paella grill and much more.
We will be serving drinks and lunch, so don’t miss it!
7411 SW 66 St
The Restivo Hechtman Team is hosting a Broker’s Open today from Noon-2 pm. Come see this charming Coconut Grove Cottage that’s been completely remodeled. We will be serving drinks and lunch, so don’t miss it!
3674 Loquat Ave
Warmest congratulations to OUR SELLERS, whose house just closed this week.
Getting a full price offer within days of listing this Miami house was the goal … The fact that this property was so beautifully redone and tastefully updated, and was immaculately “staged” certainly helped encourage solid offers. Our sellers chose to list it at the upper end of the recent relevant comparable sales … and this house sold for cash on the first day of showings. So much hinges on marketing…. and so much is a result of staging!
Congratulations to our amazing sellers …. from the Restivo Hechtman Team at EWM Realty Int’l !
If you’re thinking of investing, it might be worth keeping an eye on the Grove. Coconut Grove’s waterfront revitalization plan, and recent real estate developments have put Coconut Grove on our radar screen (again).
The Convention Center was demolished a few months ago, with plans approved to transform Coconut Grove’s waterfront area…Dinner Key Marina and Sailboat Bay … into pedestrian-friendly public park areas with water-front promenades, new marinas, restaurants & shops. The 3 new waterside restaurants are likely to include Don Shula’s … a revamped Scotty’s Landing … and a seafood spot.
2 mega-luxury spiraling-condo-towers (where the former Grand Bay Hotel stood, at 2675 South Bayshore Drive) broke ground earlier in 2014. What’s now under construction there will soon be The Grove at Grand Bay – a high end condo project with spectacular views and amenities. It’s now in it’s early stages of construction - and although the units were priced from $3 million to $5 million per individual condo unit, The Grove at Grand Bay has already virtually sold out. The handful of uber chic condo units still available have price tags between $900 -$1,100 per square foot. Read the rest of this entry »