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

BEST SELLING CONDOS on Brickell? Miami Real Estate Condo Opportunities! The Plaza on Brickell

A few condo buildings on Brickell seem to intrigue buyers more than others.   International buyers gravitate toward a handful  that epitomize the ‘dream’ of living IN MIAMI,  and  South Florida’s sunny, easygoing  lifestyle.  One that  appeals BIG TIME to foreign buyers is THE PLAZA ON BRICKELL .  The Plaza is actually two towers: 951 Brickell Avenue  and 950 Brickell Bay Drive. (The two towers are also somewhat confusingly referred to  as #851 and #901,  from  recent pre-construction days, before  the US Postal Service changed the “original” street addresses.  You’ll  occasionally  find  listings on  Realtor.com, or through the MLS, or other websites – condos listed currently for sale or for lease –  referencing  those old street numbers. ) 

p2Brickell (literally overnight) became Miami’s  “in”  place to own a condo …  in large part due to the addition of Mary Brickell Village , which added charm and infrastructure to the area, and made Brickell come alive!   Read more about Mary Brickell Village here.

The PLAZA ON BRICKELL  has breathtaking night views (waterfront  mixed with city-lights),  spacious balconies and  sleek design.  There are (as of this date) still a handful of one-bedroom units with  striking views (water, city and pool) priced between $276,000.00 and $355,000.00 including a lovely 847 square foot unit on the 43rd floor.  Realize that you are looking at an additional 6%-12% percent below the current prices I’ve quoted above.  The developer is selling out the last of the units, and making for some interesting buyer opportunities  at below the  original preconstruction pricing.   Give us a call if you’re interested in buying one of the units in The Plaza… Contact us by email at [email protected] … or respond via our blog here at MiamiRealEstateCafe.com.

The two  “Plaza” towers are veritable   “eye-candy” … especially for  foreign buyers …  a ‘sweet deal’.   I’m intrigued  though that  less than 20%  of the building was purchased (thus far) as income property (to be rented out) …   Buyers seem to be purchasing condos in The Plaza on Brickell as their primary residence,  or alternatively as a second home/vacation property. 

Of the 560 units in  Tower #851:   389 have closed so far, and 32 others are under contract.  There are 139 units left to be sold, as of now.    

Of the 440 condos in Tower #901,   392 have closed and 12 more are currently under contract, leaving 36 available for purchase.  

Statistics for  owner occupied units/vacation homes/ and investment property in The Plaza On Brickell are worth noting:  58% are owner occupied, and 23% are vacation or second homes, and 19%  were acquired  by investors for rental purposes.  Fannie Mae approval is expected  within the next two to three weeks.   You are invited to contact us for updates.

Please add your thoughts or insights regarding Brickell, it’s infrastructure, condo purchases or opportunities.   Your input to the MiamiRealEstateCafe Blog is MORE than  welcome!

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Florida Home for Sale “Includes Wife”? How far would YOUR Realtor go to sell YOUR Home?

Widely tauted as perhaps the most over-the-top sales scheme to sell a house (at least this summer) is Deven Traboscia’s marketing strategy to sell her own 4 bedroom Florida house.    Auctioning off her Palm Beach Gardens home on  e-Bay and Craigslist, the 42 year-old single mom and licensed Realtor added herself to the pot, to sweeten the deal.  

Bids opened at 99 cents. That, for a house, might seem too good to pass up for most homes, let alone one that included a “hot mamma”.  This particular house-for-sale  had one tiny  little catch though:  a whopping $500,000 for shipping charges.   Actually, it had another catch (for better or worse):   a wife … included in the sale.   Trabosh was selling her South Florida house…  and… looking for the fairytale ending.

  krazie-k

Struggling to sell property in a semi-stagnant Florida real estate market…   she came up with a  plan to combine love and real estate.  Two for the price of one is catchy in America, where ‘more’ is better, and supersizing it is the order of the day.   While many Realtors rummage through the more traditional ways to make a lisitng stand out: spiffing up the interiors, and sparking up the ‘curb appeal’, and designing colorful and descriptive marketing pieces, Deven Traboscia  literally just grabbed the media.  Overnight, hers became a household name.

 Did the house sell?   “No”   … But…   She gave it a shot.   e-Bay pulled her ad: their guidelines and regulations “prohibiting the sale of human beings…  or body parts“.  Her auction ground to a halt, before a sale could be  finalized.  

ABC covered the story.  CBS  chimed in.  NBC did a piece.  

Each interviewed, quoted,  photographed, and plastered her name and her story on TV and through the internet.  

Newpapers across Florida, across the continent, and around the globe gave her instant notariety

Her house may not have sold, but she took full advantage of the media.  Before her ads were pulled from eBay, Deven Traboscia got her money’s worth… and a nibble:  An Italian gentleman expressed interest in flying over for a “viewing” …wanting apparently a  “CASA A MIAMI”  because somehow  Miami was suggested as the location for that viewing.   Miami is a tad distant from Palm Beach Gardens , and  I usually recommend that my clients see the actual house before buying…but… amazing things are possible on the internet!  Visual tours, and  Google Earth give us tools that aid in visualizing a property, and the Palm Beach Gardens house was a package deal afterall.   I  have to hand it to her for being creative.  Hers  is now literally a household name…for better or worse‘Home for sale includes Wife“… Catchy, isn’t it?   We all need to be creative in a tough market!   And using technology, and media coverage,  works!

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How to find a SOLID CONDO INVESTMENT on Brickell (Casa a Miami)

BUYERS ( …  and … REALTORS)   WANT TO KNOW:   “Which condos in  Miami’s Brickell area  are SOLID ? ”    …     “Where can we buy ?”    …    “Where SHOULD we buy ?”     …      “What do you recommend ?”   

cimg0077The short answer is:  “Depends on the buyer”.   Yes, of course there is  a longer answer too.   Finding a solid investment requires staying on top of the changing inventory and being very, very diligent.  New construction is popping up left and right… the Miami skyline changing minute by minute.  Financial stability of any given building, and desirability of a particular building or area can morph, given time, and given the ever-changing mix of buyers/renters. 

Lenders have  strict criteria which can seriously impact one’s ability to obtain a mortgage.   Miami Condos are at times “ousted”  from lender’s lists of “qualified buildings”…  based on percentages of unsold units,  investor-owned units,  owners in arrears on  condo association fees,  short sales or foreclosures in specific buildings themselves.  With the newspapers and news channels  brimming with stories about the South Florida condo ‘glut’… where do you turn for direction? Which buildings do you look at ,and which do you consider?  And Why?

There ARE solid condos scattered all across South Florida, and some exquisitely beautiful opportunities in the Brickell area.  On Brickell, I’ve been impressed with what I’ve seen of  the 43 floor creation designed by Architectonica: The 500 Brickell Condo building  located between 5th and 6th Streets, with it’s breathtaking  floor-to-ceiling views of the bay. And 500 Brickell is Fannie Mae approved!  The photo above is taken from the 34th floor of 500 Brickell, which we just sold to international buyers purchasing  a second home in Miami.  

Of the  633 units in  500 Brickell’s two towers (East and West):   591  sold  … and 42 are currently available for sale.  Of those 591 units sold, 252 have actually closed.   63% are owner occupied (373 units) …  and 18%   (or 107 units)  were bought as vacation or second homes.  Only 19%  (or 112 units)  were purchased for investment purposes (and rented/leased out).

Those bits of information are helpful in knowing whether a bank will or will not provide  financing… and whether you, as a buyer,  will need cash to close.

Important to know, in any condo building,  is the percentage of occupants  in arrears on their association payments.  Those percentages can seriously impact whether a new buyer can obtain financing, and  may predict even how the building will or will not  be maintained (peering off  into the future)… and ultimately whether possible assessments are on the horizon.   Without a crystal ball in hand, facts and figures go a long way in paving the road  and helping buyers with their selection process.  

Have any questions about 500 Brickell?  Contact us anytime.  You may work 8am-6pm, but we are available after you’ve left the office, and you can always contact us through our website.  You’re always welcome to explore current listings or glean information on Miami’s eclectic and charming neighborhoods at www.MiamiRealEstateCafe.comCare to know about other intriguing opportunities in the Brickell area?  We’d love to hear from you.  Please leave your comments regarding Brickell… opportunities you’d like to share… insights, thoughts, and questions.

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South Miami Condo Near University of Miami: Bank of America SLASHING PRICE to $125,000

690b9bcb-e3c5-48d2-ae80-afb35e3f0c12_dtAre you, or someone you know, looking for a real estate deal

Perhaps this is for you:   $125,000 buys you a  one bedroom POOL VIEW in the Valencia in South Miami… as Bank of America has literally slashed the price on this short sale!

Location: The condo is conveniently located near South Miami Hospital, Larkin Hospital,  Sunset Place, local shopping and dining … with easy access to the Metro Rail … and  literally minutes from the University of Miami.   Valencia Condo: 6001 SW 70 St  #454, South Miami, Florida 33143

Amenities: *Assigned covered parking  on the same floor as the apartment itself. *Spacious balcony overlooking the pool &  sun deck… perfect for relaxing* New-ish building (2004 built) *Internet Cafe * 24 hour security* 24 hour fitness center * Outdoor grills & gazebo* Billiard Room.

#454 in The Valencia, South Miami:  One bedroom. One bath. 652 sq ft.  Condo association fees: $323.73 per month.  Listed for sale now at $125,000.

If this sounds like an opportunity for you, or someone you know, please contact Alexandra or Vicki Restivo.

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Best Place to Live in South Florida: City of Doral ranked among TOP 2 in the USA by CNNMoney.Com and Forbes.com

The BEST 100 cities  in America?  Two of them are in South Florida!

Tauted for it’s combination of  lifestyle and business opportunity Doral is ranked among the top two South Florida municipalities by CNN Money.com.  Business opportunity, coupled with “quality of life”,   art, culture, top educational venues, and WORLD CLASS GOLF,  put the City of Doral on the map  (along with Fort Lauderdale) as one of  THE TOP 100 CITIES IN THE UNITED STATES IN WHICH TO LIVE, WORK AND PLAY .

doralisle-clubhouse

Forbes.com named the City of Doral  Doral as one of the two best places to reside in the United States out of their 25 top choices for 2009!  Patents, venture capital funding, sole proprietorships, and start up companies (per capita) …  were among the criteria used by  Forbes.com  in ranking their top 25 cities to live “well”  in.  Incorporated 6 years ago,  and transformed  literally overnight  from cow pastures and open expanses of  green spaces into a beckoning destination with a population of just over 35,000 Doral ranks #2  as the BEST PLACE TO LIVE WELL…by FORBES.COM.

Having become a veritable small business hot-spot, in a heartbeat, Doral is home to multitudes of  businesses catering to the Latin American Market.  With one of the highest per capita concentrations of small businesses, and home to logistics, aerospace, and telecommunications industries,  the City of Doral is headquarters for several major corporate entities as well.  Pepsi-Cola is a strong  South Florida economic influencer,  and Brightstar (specializing in telecommunications and wireless communications products)….  is one of the largest Hispanic-owned companies in the United States.

doral-waterfallResort-style communities  abound in Doral, offering  world class golf and amenities,  and options of single family homes, or townhomes and condos.

Doral Isles offers acres of community recreational facilities :  lagoon pools with cascading waterfalls, soccer fields, baseball, basketball, kayaking, sandy beaches, docks, full-service fitness centers, open air cafes and outdoor dining. Here is a beautiful two story, 3 bedroom, 3 bath townhome for sale in the community. Considering living in Doral?   Call us!

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Miami Homes For Sale: “WOOLBRIGHT DREAM GREEN REALITY AWARD” Smathers Four Fillies Farm:GREEN LIVING FINALIST!

cimg0865Located in the heart of the Village of Pinecrest, this South Florida model of environmental Green Living feels something akin to living in a National Park!  Beyond bucolic, Smathers Four Fillies Farm is a rare community offering a unique concept, and an even rarer opportunity to live in a sustainably eco-friendly environment!   The link to an article in e-Veritas is below:

Smathers Four Fillies Farm  is among the three finalists for this year’s Urban Land Institute’s top awards recognizing sustainable developments and GREEN living Lowering home operating costs by $1,000.00 a year,   Four Fillies far and away exceeds Florida Energy Efficiency Code standards… by  20 to 30 percent… and offers a unique quality of life. cimg08911

ULI’s  GREEN AWARD recognizes projects that offer sustainable values,  have  minimal environmental impact,  improve quality of life, comfort, and health… and incorporate regenerative site development strategies, energy and water conservation, use of sustainable or renewable materials, and improved  air quality.

As one the “Florida Green Building Coalition” (FGBC) certified developments, Four Fillies includes abundant  healthy insulation, special air filtration, energy star appliances,  and continuous water conservation (through landscaping choices and choices of appliances and fixtures).  Impact glass aids in energy conservation,  facilitates hurricane preparation and adds an intrinsic safety feature. Paints have low levels of volatile organic compounds. Interior wall studs are steel. The homes are termite and mold-resistant.

Dual concentric horseshoes consisting of  30 homes on a portion of 32 acres of lush tropical foliage, were created in and around existing plant life, mature trees, and tropical foliage… minimizing impact on the natural fauna,  hammocks and spectacular surrounding grounds maintained and protected by Fairchild Tropical Botanic Gardens.

The  32 acre property, donated to the UNIVERSITY OF MIAMI  16 years ago, was a gift from long-time philanthropist and UM trustee Frank Smathers.  31 homes will grace the grounds including a residence that will be home to the President of the University of Miami.  21 acres will remain pristine … (apart from the natural hammocks, which are stunningly wild and utterly beautiful!) and preserve the history of the original Smathers stables, as seen here to the right. cimg07171

 A brilliant concept, with ingenious architectural finess and design, Four Fillies offers residents a unique opportunity to live and be a part of this eco-friendly community built by Breakstone, under the wing of MAMCO ‘s (Miami Asset Management Company)  Michael Katz and Patrick Burbank…  with  environmentally friendly urban design concepts from Donna Shalala , and backing and support from Evelyn Greer.

Only a handful of homes remain available in Four Fillies for purchase. Deed restrictions apply, as the property is affiliated with the University of Miami. Professors (adjunct, part-time, volunteer), deans, in addition to medical, research and recruits qualify under the deed restricted status.  Pricing ranges from $1.1  to $1.4  (11411 Smathers Circle and 11414 Smathers Circle) , and the gated communityis located is between Red Road and Old Cutler: with the entrance to Four Fillies on 11511 Red Road, Pinecrest, Florida.  For further information, call Vicki Restivo at 305 793 1365 or Alexandra Restivo at 305 632 0164.

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Pinecrest Homes for Sale: OPEN HOUSE – Four Fillies Farm – Be Part of the UNIVERSITY of MIAMI COMMUNITY

cimg0868A  private 32 acre University of Miami gated community will be open to the public this Sunday, May 17th,   from 2:30pm  until 5:00pm.  Nestled on grounds maintained by Fairchild Botanic Tropical Gardens  in the heart of Pinecrest, you are surrounded by natural hammocks, mango trees in full bloom, walking trails, and lush open spaces… in FOUR FILLIES 

 These 30  newly built homes (by Breakstone) offer phenomenal GREEN FEATURES to maximize quality of life, and minimize maintenance and costs.  Most are SOLD OUT. 

The community itself is deed restricted to approved University of Miami Faculty ( full-time, adjunct, medical research, and recruits), and it does offer a guaranteed buy-back program. cimg08731

If you are affiliated with the University of Miami,  the SAM PROGRAM applies to a number of the  homes  in Four Fillies.  If you are not affiliated with the University, this might be incentive to do so.  Ever considered  becoming a part-time lecturing professor? 

 There are only a handful of  HOMES FOR SALE within Four Fillies Farm.

 Come by the OPEN  HOUSE on SUNDAY MAY 17th from 2:30pm to 5:00pm.  It’s an opportunity to preview two special  Four Fillies homes, the grounds, pool area, tennis court, and get a sense of the community. 

OPEN THIS SUNDAY, May 17, 2009   are:

11414 Smathers Circle (a two story/5 bedroom for $1,400,000)   and 11411 Smathers Circle  (one-story /3 bedroom for $1,100,000). 

Please feel free to drop by! Entrance to the University of Miami’s Four Fillies property is on Red Road (SW 57th Avenue) at SW 111th Street (just south of Pinecrest Gardens). The community is situated between Red Road and Old Cutler Road.

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Miami Homes For Sale – Open House: 14810 SW 97 Ave, Miami Florida

dsc_0296Come preview this OPEN HOUSE, and feel as though you are living in paradise.  This lovely, fully updated, four bedroom home  in the Falls Area will be open for viewing this  Sunday, May 17th  (NOON – 2PM).  14810 SW 97th Avenue has all the bells and whistles, and is set amid tranquil surroundings,  on a cul-de-sac… you have a  heated pool with a waterfall, a sprawling, lush green tree-canopied backyard that feels like your own private park… with beautiful landscaping and outdoor lighting…a huge covered patio for entertaining, complete with a built-in bar, and sturdy treehouse.  Inside are a beautiful kitchen with natural light from the skylight, ample sized bedrooms,  closets galore, solid hardwood floors,  travertine, and spa-like baths. Listed for $572,000,  you may  fall head over heels.  Ready to move? Please come and take a look !

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New Listing For Lease at 55 Merrick in Coral Gables

55 MerrickThis two bedroom /two bathroom condo in the heart of residential Coral Gables  features a beautiful kitchen with granite countertops and stainless steel appliances. Large living room area perfect for entertaining. Floor to ceiling glass… Great views of Downtown Miami from your endless wraparound balcony!

55 Merrick features Valet, Concierge service, beautiful swimming pool &  hot tub, Fitness Center, Clubroom with  a couple of pool tables, entertainment areas and a kitchen. Stunning residential living amidst world class shops and restaurants. Minutes from the University of Miami, Coconut Grove, Downtown Miami and South Beach. Be at the center of it all …in vibrant Coral Gables.

55 Merrick Way # 726. Coral Gables 33134

Available for lease at $2,000 per month.

Click here for a brochure.

Contact Alexandra or Vicki Restivo for further information.

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House of the Cover of EWM MAILER: 9365 SW 170 Lane in Palmetto Bay is BACK ON THE MARKET!

"EWM Smart Living Residence" Featured Property on the Cover of EWM Mailer: March,2009

"EWM Smart Living Residence" Featured Property on the Cover of EWM Mailer: March,2009

“Up for grabs!”  This featured home on the March 2009  EWM MAILER COVER PAGE,   9365 SW 170  Lane  in Palmetto Bay,  is back up for grabs!  (Buyer was unable to close.)   EWM’s  “SMART LIVING CHOICE” , this 4 bedroom,  2 bath home, with sparkling pool , and private fenced yard ,  2 car garage, and an indoor laundry room…is available for $261,000.00    

Quoting  the EWM Mailer,  “You’ll be amazed at the new listings to choose from in neighborhoods that you never dreamed would fit your budget!  Residences UNDER $300,000 @ EWM Smart Living :  Find over 45,000 Miami-Dade & Broward single family homes and condos priced under $300,000.”   

9365 SW 170 Lane is located few blocks east of US1 (S.Dixie Hwy) in Palmetto Bay, on a cul-de-sac …   near shopping & dining,  and the location offers  quick access to major transportation.  Easy to show.  For more information or to preview, call  either Vicki Restivo 305 1793,  or Alexandra Restivo 305 632-0164

Sparkling Pool with waterslide

Sparkling Pool with waterslide

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