Miami real estate news and information

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

15781 SW 147 Lane Near Tamiami Airport and Country Walk Offered at $329,000



15781 SW 147 Lane  in  Miami, Florida

15781 SW 147 Lane Pool


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500 Brickell – Condos Selling Fast in Miami

iced tea

At 500 Brickell (in up-and-coming  Brickell area of Miami) you can find some rather compellingly priced condos … as the developer is very close to selling out.  NEW CONSTRUCTION:

1 bedroom units:  $248,900 up

2 bedroom units:  $344,000 up

3 bedroom units:  $487,000 up

Apart from the competitive pricing  (which in and of itself  makes the building worth taking a look at) …  Read the rest of this entry »

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Allure of the MIAMI townhouse!

couch couple

For a variety of reasons, villas and townhouses are a plausible answer to ‘what’s next?’ Whether you want to lock-up and take-off for a well-deserved romp around the globe… or  eliminate  entirely the hassle of maintaining a large home ( and grounds!)…  a townhouse can offer  freedom, without catapulting you into  quarters of claustrophobically minimal dimensions.  If you want  independence and elbow room …  and a condo is just too confining…the answer COULD BE  a townhouse.   

In both Coral Gables & South Miami there are several in the works – some in the development stages (having already broken ground, or about to)…   others ready for occupancy.  They run the whole gamut, with some available for under $500,000.  

Read the rest of this entry »

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Our Listings Are Selling…Time To Make Your Move!


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Best Selling Water View Condos on Brickell – The Plaza on Brickell

You asked about  condo opportunities available now on Brickell?  After my blog on The Best Selling Condos on Brickell I received a slew of inquiries regarding pricing/availability of two-bedroom units in The Plaza on Brickell.  For better or worse,  inventory throughout Miami’s  myriad of condo buildings changes  literally by the minute.  That said, as of this writing,  there are still 7  (in my opinion stunning!) water view The_Plaza_on_Brickelltwo-bedrooms available in The Plaza, ranging in price from $409,900 to $629,900 (and ranging in size from 1054 – 1400 square feet).  Every single unit above the the 41st floor is what’s called a  “Sky Residence”,  with upgrades beyond what you’ll find from the 41st floor, down.     Half of the currently available 2 bedroom waterfront units fall into the “Sky Residence” category ( with high ceilings!) and a number of them have views  that are quite dramatic.  Currently the developer is entertaining discounts in the range of 6% -10%  (depending on whether you are financing/or paying cash).  The Plaza is Fannie Mae approved, which means you can get lender financing.  Looking for a waterfront condo on Brickell?  This may be the time to buy!  If you are interested in buying or selling property in Miami, please give me a call at (305) 793-1365 or send me a note here.  Receive my blog posts directly to your inbox.   Stay current with all the Miami real estate information …  subscribe here.

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A BETTER DEAL than the Foreclosure down the street!

By NOT looking for a foreclosure property, buyers can find a REAL GEM !

A better deal than the foreclosure down the street?   14793 SW 155th Place in Miami, Florida actually sold for $20,000 less than the foreclosure down the street … (the identical model, mirror image) . 

For everyone out there who is scrounging for a foreclosure “deal” … keep at least ONE eye peeled for those      willing sellers, with immaculate, under-priced gems.  There    are  a lot of them to be  found in Miami right now.    Between the foreclosure down the street and the willing seller who bought ‘right’ and is selling ‘right’ which makes for the “better deal”?   In part, it depends on who’s realistic… what that original purchase price  was … what their current mortgage is… and what the condition of the property is.

14793 SW 155th Place in Miami: New open kitchen, move-in condition (and despite a hiccup or two)  a happy seller…  In this case, it meant that our buyer ultimately benefited in more ways than one:   a bevvy of housewarming gifts from the seller (microwave, vacuum cleaner, paint and tile samples,champagne in the fridge, and an early closing … plus the house was delivered sparkling clean and with a smile… not to mention a $20,000 lower purchase price from the mirror-image model down the street!).

When you’re ready to move, and are looking for a well-priced property,  call us!  Miami has real gems! Restivo Team at EWM Realtors 305 793-1365  ([email protected])

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Miami Real Estate| E Lake Community – 9200 SW 140 St. Miami

Want to live somewhere really fun?  Boat,  fish, swim?  You might want to take a peak at  E-Lake.  The 76 acre Miami lakefront community is home to  a handful of residents who rarely relinquish their claim to the lakefrontJennings-built homes originally sold for $15K – $20K in the 1960’s and 1970’s. Today the lots themselves sell for more than a million! We have one listed now… at 9200 SW 140 St …  the least expensive piece of property on E Lake… updated and beautiful!

E Lake Aerial !

Wave runners, sailboats, ski boats, rafts, wake boarders… private sandy beaches… and a water  quality (which is tested monthly) that has been (for over 30 years  now) exceptional!  From your dock you can see fish. From your beach front chickee hut you’ll enjoy breathtaking sunsets.  E-Lake affords  an active-lifestyle for the sports-oriented.  It also offers laid-back peace and quiet for those wanting resort-style tranquilityin the privacy of their own backyard.  Curl up in a hammock with your favorite book.  Enjoy a leisurely bar-b-que down by the waterfront.  Take a boat ride at sunset over to visit with friends.  Enjoy  the privacy … or the sense of community.  At E Lake you can certainly have both.  Living on the lake affords an outdoor, active lifestyle unique to this particular area of Miami… and it offers a retreat where you can savor every minute of your spare time.

Everyone has a backyard that butts up on the lake.  Many of the residents have boats.  Because of the sense of community, rules are few and far between, but there’s a sense of caring and respect that’s refreshing. Residents have a voluntary annual contribution of $150 toward testing and treating the water and a desire to maintain not only the lake and but the quality of life.  There is no homeowner’s association.  What there is, is a common thread… a lifestyle that revolves around the outdoors, and an enjoyment of life and living… and a glimpse back, to a time when being a “good neighbor” .. and where pride and respect mattered. 


What’s the history of E Lake?   In the early 1920’s Henry Flagler  bought the land around E Lake  as a rock quarry… for the coral rock, limestone (also known as oolite)   needed to build his railroad.   The rock was crushed to form  the bed of the tracks, and  used in making the cement for necessary bridges and other structures. Flagler’s railroad was to go from Miami all the way down to Key West.  Because of the aquifer and Miami’s unique water table, the quarry began to fill with water. In spite of concerted efforts, the digging apparatus couldn’t contend with the infiltration of water… eventually causing excavation to cease.  By the 1940’s  a fresh water lake filled in the rock quarry, and  when seen from above, the lake looks like  the letter “E”.  The largest of the fingers is to the north, with the depth ranging  from 35 ft on the east  to  over 60 ft on the west side.   E-Lake Community extends between SW 136th Street  and SW 144th Street (on the north and south), and from SW 92 Avenue over to SW 97 Avenue (on the east and west).

9200 SW 140 St - E Lake - Miami

Not surprisingly, the rock quarry site which is now the  historic Venetian Pool in Coral Gables similarly filled with water,  due to Miami’s natural underground springs. The Venetian Pool ( a few miles to the north of E-Lake)  became an elegant  public swimming hole for local Gables residents. Not much of a surprise to see other construction in and around Miami having to deal with that Miami aquifer even today!

By the 1960’s two developers began building homes on the land immediately surrounding E-Lake.   F & R  Builders and Jennings were the two prominent builders and many of their homes are still right where they built them.  Jennings homes are known for the scalloped edges in the closets, and their solid construction… enabling Jennings homes  throughout South Florida to withstand hurricanes in the days when  shutters or impact windows were the name of the game. Today,  many of the original Jennings homes on E-Lake have been added to, enlarged or remodeled.  Nevertheless,those homes that originally sold for $15,000.00-$20,ooo.00  occupy lots  today that themselves are valued at over a million dollars.   Real estate has long been a wise investment!  There are certainly market ups and downs, but in the long run, real estate (especially water front property) often appreciates nicely.   Homes are not often available on E-Lake.   If you have an interest in E-Lake, contact The Restivo Team at EWM Realtors  (305) 793-1365.    The Restivo Team just listed 9200 SW 140 St on E Lake for sale, and the beautifully updated  4 bedroom lakefront Jennings-built home is for sale at $1,195,000.00.

E-Lake Community … a lifestyle worth exploring!

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PORTABILITY allows you to Transfer HOMESTEAD ASSESSMENTS to your NEW HOME in Miami!

luggage_clip_artWhen you buy a new home anywhere in Miami, you CAN transfer your HOMESTEAD ASSESSMENT DIFFERENCE to that new property.  Perhaps you’ve heard it referred to as “PORTABILITY”.

Property owners in Florida can transfer  up to $500,000.00 of their previously HOMESTEADED PROPERTY ASSESSMENT DIFFERENCE to a new  HOMESTEADED property as long as they do so within two years of the date  of sale (of that former house).

If your new home is MORE expensive than the one you’re selling  (and the MARKET VALUE  is more) your entire homestead assessment can be transferred (up to the $500,000.00 limit).

If your new home has a LOWER market value than the house you’re selling,  your “PORTABILITY” amount will be proportional to that difference. Here’s the government link to stay current on Portability updates.

Portability covers all of Florida,  so if you are moving to Miami-Dade from another county, you can certainly transfer your Homestead Assessment Difference from that county to Miami-Dade (subject to that other county’s determination as to  transferable eligibility values).

In the case of multiple owners or multiple transfer recipients,  portability cannot be ‘split’.  Homestead Assessment Difference is transferable from one residence  to another, only… and both homes must be homesteaded properties.

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Investment Visa for Foreign Buyers: GREEN CARD for Internationl Investors

Interested in an INVESTMENT TOOL  that would give you a United States GREEN CARD?                           

While less widely-known, and certainly more complex than the straightforward house and condo purchase  (through an LLC  set up by a real estate attorney… or  a purchase made directly in the buyer’s name)         THE INVESTMENT VISA  is an option for some… offering the investor  a GREEN card! klsgfx_BigPlane

In working with international investors purchasing investment property and vacation homes in Florida  (and more specifically in and around Miami)   I thought it might be helpful to share some information on the subject:

A program devised to attract foreign capital into the United States…  and commonly referred to as the  ” INVESTMENT VISA” or the “EB-5“…   is an investment tool devised to create  jobs and offer employment  opportunities for  American workers.  The INVESTMENT VISA  program has been in place for well over a decade, and has specific requirements.  It offers certain benefits to the investor… one of which is a GREEN CARD

An immigration attorney would be able to provide you with specific requirements (which are precise and quite stringent)  along with  lists outlining  the  ‘regional center projects’  in which an investment would qualify the foreign buyer for the GREEN CARD The “INVESTMENT VISA”  (more officially known as an “EB-5”)  requires an investment of anywhere between $500,000.00 to $1,000,000.00  into a United States ‘regional center project’.  Depending upon the area within the United States, these projects range from ski resorts  to urban infrastructure development…. etc.  Funds  for the investment must be lawfully obtained and must be fully documented.

Because of the specific legal nature of the investment,  the expertise of an immigration attorney and/or real estate attorney would be needed.  In the May issue of Realtor Magazine’s  H.Ronald Klasko  (Klasko,Rulon,Stock & Seltzer LLP)  goes into more detail, offering a link to information on the investment visa through   

If you’d  like to buy real estate in South Florida, whether through the investment visa program, or as a vacation home or investment property, Alexandra and Vicki Restivo will be happy to provide you  with additional contact information for immigration and real estate attorneys in the Miami area.

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Great Deal in Miami-Short Sale in Neo Vertika!

NeovertikaA charming 1 bedroom / 1 bathroom condo is available for sale! Asking $130,000 in the stunning Brickell area, this unit features 7th floor views of the Miami River. Double balcony off Living Room / Kitchen / Bedroom. Loft-like. Washer and Dryer in the unit. Upgraded. Brickell nightlife and restaurants at your footsteps. One of the lowest prices in the building…Do not miss out on this fantastic opportunity!

Click here to see a brochure and contact Vicki or Alexandra with any questions!

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