Miami real estate news and information

Archive for the 'GOOD DEALS & WHAT’S SELLING' Category

Best Deal in Coconut Grove … JUST SOLD for $162,500

Another steal in the Grove  …   $162,500 for  “Hummingbird Cottage” at 3674 Loquat Avenue in the heart of  Coconut Grove…  Alexandra and I  literally just left the closing.  

Two bedrooms …  two full-baths…  in South Grove.   

Just SOLD for $160,000 as a SHORT SALE

Just SOLD for $160,000 as a SHORT SALE

This property we had listed as an unapproved short sale for $210,000 and it just closed this morning for $162,500, which equates to $139 per square foot of living space.

Short sales can be tediously long and drawn out … They very often are.  This property was under contract months ago …  That other transaction fell through on account of a secondary lien on the property.  The lender who was holding that secondary loan (a home equity line of credit)  opted NOT to accept the  allotted amount on the short sale allowed to them by law, after the first lien was satisfied. 

This second round was much smoother sailing.

We literally sold this property twice… (almost!)    And…  because the first transaction fell through,  the second buyers got a really sweet deal.

Short sales can be a pain to deal with, unless you have plenty of time, and unless you are ready to strap in for almost inevitable  roller-coaster ride you may be embarking on.  But, if can  get  property for a price like this,  it is sometimes  worth that ride… and worth the wait.              …. Warmest  CONGRATULATIONS  TO OUR BUYERS! …    from the Restivo Team at EWM Realtors …  


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Waterfront in Coral Gables for $770,000 at 701 Vilabella – 100 ft

If for nothing other than it’s 100 ft of waterfront with direct ocean access, and it’s corresponding price tag,  701 Vilabella will likely sell quickly. 

701 vilabella

Close to the University of Miami,  and near the pedestrian center and heart of Coral Gables …  the property is within easy access to shopping, dining,  cafes and bookstores ….   and offers water access and boating which are high on the list for many of us living in South Florida.  

701 Vilabella Avenue was just recently listed through Jorge Fernandez of Sotheby’s …  and  priced at $770,000.  

It is one of  a number of homes held open for  Brokers and Realtors this week… and included in this blog  primarily because of the unique price-tag for this amount of waterfront property. 

The value is there,  with regard to both location and the 100 ft of waterfront …   ocean access (and fixed bridges) … 701 Vilabella in Coral Gables ….  The 3 bedroom 2 bath home is one to renovate or refurbish …   It’s the ideal Gables location for building something new. 

And if my hunch is right …   this property will likely not  be on the market for long.   If you are at all interested in seeing this property, or are considering buying, selling or building  in Coral Gables, please feel free to give me a call at 305 793-1365 … or drop me a note here.    I would be pleased to assist you with your next venture.

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Lovely Coral Gables Home with Cottage Priced Under $600K

We’ve been previewing homes for our buyers for the past several weeks.  One of the nicest homes we previewed last week was 826 Pizarro in Coral Gables…. listed for $599,000.826 Pizarro - FoyerOur buyers (who are relocating to Miami from up north) have their hearts set on a much smaller house nearer to the University of Miami…. so I’m mentioning 826 Pizarro in this blog in case you or someone you know is looking for a house like this …. for under $600K … (because it is lovely!)826 Pizarro - Dining RmIn the area of the North Gables, this one offers a lot, for the price and for the value.   Read the rest of this entry »

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Best Home for the Value: 8270 SW 153 – Palmetto Bay Listed at $450,000

Seriously  …  This is a great house!    We’ve been scouring Miami for well priced, comfortable homes priced under $500,000 and this one takes the prize this week.  It was  listed last week by a  colleague of mine at EWM,  Ashley Cusack …  and has a lot going for it.8270 SW 153 KitchenBesides having a great, updated kitchen and impact windows it has a newly resurfaced, screened-in pool.  And the house is listed for $450,000.   Value and charm make for a good combo. 

8270 sw 153 pool patioIt’s on a corner lot, on a quiet, winding street  … and within the Coral Reef Elementary School boundaries. 8270 sw 153 family room Someone is going to get a seriously good deal with this one … I  think.  8270 SW 153 - 3rd bedroomI have no doubt whatsoever that this will go fast.  3 bedrooms. 2 baths.  2 car garage …  This property is sweet!  If you’d like to see this,  or any other property in the Miami area,  please feel free to call me on my cellular at 305 793-1365 or contact me here.    I  think ( if  THIS house intrigues you) you’ll have to jump on it fast, because it isn’t likely to languor on the market for long.  The Restivo Team …   EWM Realtors

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Existing Home Sales Continue Rising Trend

According to NAR, existing home sales were back on an upward track in November 2010, starting the growing trend again since bottoming in July. Home sales, which include townhomes, single-family, co-ops and condominuims, rose to 5.6% in November from 4.43 million in October.

It seems that buyers are respoding to good affordability conditions. Mortgage rates coupled with home prices and family income have been the best since 1970, according to Lawrence Yun, NAR chief economist. He also added that the market seems to be recovering and should continue up to a sustaibable level in 2011.

Read the rest of this entry »

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Pinecrest Showing Fewer Distressed Sales

In the last 6 months, there have been 81 sales of Single Family Homes in Pinecrest. Of those, 10 were Short Sales, 2 were Foreclosures and 69 were regular sales.

Those figures seemingly clash with the figures that Dade County has for Foreclosure and Short Sales, with those accounting for 40-50% of property sales in Miami Dade.

If you’re looking to buy or sell in Pinecrest, contact the Restivo Team today.

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Real Estate Rebounds in South Florida – Another Pinecrest Home Sells in Minutes!

6335 SW 107  PinecrestReal estate may still be sluggish in some parts of the country, but in Miami buyers have to move very quickly when they find a property, or it will be gone.  

Before the for sale sign was  in the front yard and before the interior photos were visible on the MLS, the house was under contract.  Listed for  $1,300,000 by EWM (or $272.77   a square foot) .

My buyers could have put a contract in on it  sight unseen,  and  might have had a glancing shot at getting this house … It went that fast.  I’m telling you, it went within minutes!

The house is nestled onto a meandering  circular street in north Pinecrest… 6335 SW 107th Street, just east of Ludlam. It’s one of those elegantly understated ranch-style homes … (the kind of one-story, updated South Florida home that literally fly off the shelves these days in Pinecrest). 

5 bedrooms …  4.5 baths…  office/playroom …  4766 square feet of living area…  a spacious covered patio with a built-in gas grill… on almost an acre of land… It has what so many home buyers are looking for:  Not only is it graciously updated, but it is very appealing from the curb and not only that, but it has outdoor spaces that reel the buyers in –  hook, line and sinker!   And the neighbors just happen to be  great neighbors! 

Unfortunate for our buyers who couldn’t  drop everything and rush over to take a look  that very first day it was listed …  because it’s  under contract.  It went under contract before the for sale sign  went up. 

Once the actual sales price is made available, after closing, we will share the details with you.

If you are considering selling your home in this market, price it to sell. It will put you in a better position to get a higher sales price than you might otherwise get.  If you are looking for a an experienced Realtor,  who knows the market inside out, call me anytime on my cell 305-793-1365

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Venetian Coral Gables Villas – Miami Offers a Glimpse of European Elegance in the heart of Coral Gables

venetian coral gablesThe Venetian Coral Gables is a project that was intentionally put on the back-burner when real estate slowed-down in Miami. 

The developer/builder opted to weather-out the downturn, rather than accept reservations on the Venetian Coral Gables. He  postponed the start of construction, opting to wait for the real estate market to bottom out.  I think it was wise to wait.  The idea was to have the Venetian be very high-end … with every upgrade and amenity possible.  Starting constuction as the domestic real estate market was feeling the pinch, seemed unwise. 

So many of the construction projects that were slated to be built in Miami  a couple of years back were ditched… or forced into using lower end finishes …  They sat empty…  or teetered on or fell into either foreclosure or short sale.    Read the rest of this entry »

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HGTV Miami: Want to Sell Soon? Then HGTV is looking for You!


We are looking for home-owners  who would soon like to sell…  and … would be willing to have it documented on HGTV.   If  you are willing to share your story … your journey …and would like to sell your home  through us … we would like to talk with you  about listing and selling your house … and applying to have the entire process showcased on TV.

Film Crew


HGTV will be filming in Miami for an upcoming  prime-time show, and the producers of HGTV asked  Miami Realtors, Alexandra and Vicki Restivo of EWM Realtors to work with them  on it.   

IF YOU ARE  considering selling your home…. and would  like to list  your house for sale soon…  and possibly have it documented and featured on HGTV …  listed and sold by The Restivo Team with Esslinger, Wooten, Maxwell Realtors…   we would like to talk with you  about applying!   We invite you to call 305-793-1365 or  305 632-0164  … or send us a note here.   You can download the link for the application here.

Filming will document one home sale in Miami…  following an individual/family through the process of selling (listing, pricing, staging, showing the house, selling…).  Homes can be of any price range, style or type. 

We are looking for sellers who are outgoing and energetic  (after all, this is for television)…  and happy to share their story (and the nitty gritty details of it) with the world.  Cameras will capture much of the trials and tribulations… and the rollercoaster ride of selling a house…  the ups and downs of prepping the house for sale, pricing, negotiating, and ultimately selling. Read the rest of this entry »

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HGTV Accepting Home-Seller Applications for Upcoming Shoot in Miami


HGTV Preliminary Screening Application:   Miami Home-Seller (Miami Shoot – WINTER 2010)

HGTV is looking for  fun, energetic home-owners who are soon wanting to sell their Miami home/condo/townhouse.  If you missed the blog on HGTV’S  HOME-SELLER CASTING for MIAMI, you can link to The Restivo Team’s post on  here.  Producers at  HGTV asked Miami real estate experts, Alexandra and Vicki Restivo at EWM Realtors to work with them on this episode.

Applicant seller-questionnaire responses can be submitted directly by email to  [email protected]  or faxed to 305 378-9239  Attn: Vicki & Alexandra Restivo/EWM Realtors.

HGTV APPLICATION  BELOW … Read the rest of this entry »

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