Miami real estate news and information

Archive for the 'LUXURY & WATERFRONT PROPERTY' Category

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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5941 Pinetree Drive European Villa – Waterfront Overlooking Indian Creek $3,800,000 – Miami Beach

Feels like Europe … not Miami!  From the street or the cast iron gates you don’t get a feel for the grandeur inside.  You could easily miss it … driving along Pinetree Drive … but  the inside of this European  villa is worth a visit.   

5941 Pinetree dining room

Read the rest of this entry »

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8565 Old Cutler Road … Top Pick in Coral Gables

8565 old cutlerNew listings  hit the market – sometimes daily – but there is one that really stands out: 8565 Old Cutler Road. The property was gifted to the University of Miami in 1974 . It has been home to every UM President since that date, and currently is home to Donna E. Shalala.  It’s listed for sale by EWM Realtors. 

8565 old cutler The waterfront home sits on 4.6 acres of lush gardens and tropical plants and is located in Gables Estates. The Colonial style residence was built in 1965 and has since been renovated. The three-story house boasts 8 bedrooms, gym, wine cellar and pretty deck overlooking the gardens and swimming pool. An elegant place to entertain,  it has served as  the venue for picnics welcoming new freshman and their families, fundraisers and  many a dinner party with dignitaries and heads of states.

8565 old cutlerThe updated interior was inspired by Donna Shalala with the help of interior decorator, Phyllis Taylor, who added moldings and reworked lighting to create more light for the home.  Phyllis also created a tropical ambiance by covering walls with various types of grasscloth. Together, they created a guest room for the Dalai Lama when he comes to stay on his visits to South Florida.

8565 old cutlerThe new home for the University of Miami President is currently being built within the private gated community of Four Fillies, in Pinecrest.  It will be the largest home in the  community and will play host to many parties, picnics and activities.

To set up a private viewing of this magnificent home in Gables Estates (or any other South Florida home) contact the Restivo Team today. Here’s a chance to own a rare piece of South Florida history.

 

Written and published with Owner’s permission.

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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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The Restivo Report – Miami Luxury Real Estate Market Snapshot: 2008-2010

 

recession

With the barrage of information and news headlines on the Real Estate Market and where we’re headed,  we thought we’d share a few relevant insights with you, specific to the Miami Real Estate Market, and to luxury property:

RESTIVO’S REVIEW:  REAL ESTATE REPORT for CORAL GABLES AND PINECREST:

CORAL GABLES LUXURY HOME SALES:

Average SOLD price in 2008:  $1,677,000  –  $342 square foot

Average SOLD price in 2010:  $1,720,000  –  $375 square foot  (Summer of 2010) Read the rest of this entry »

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Top Real Estate Brokers in Miami-Dade County … Ranked by Volume

Vicki Restivo and Alexandra RestivoTrendgraphics just came out with their report on the top real estate brokers in South Florida.  Ranked by total sales by dollar volume within the market share :  EWM Realtors, Inc  (Esslinger Wooten Maxwell) ranks #1  across the board in Miami-Dade County.

For the past three months …  June, July and August of 2010…  in reviewing all  luxury property sales (priced over $1 million)  EWM Realtors  held the top ranking… with 17% of the market share on closed sales in Miami-Dade County.

RANKINGS:

EWM Realtors International  17%

Coldwell Banker  9.4%

One Sotheby’s International 6.6%

Fortune International 4.7%

Avatar Real Estate  4.6%.

Incrementally, as  sales prices increase on South Florida real estate ,  EWM takes  increasingly larger segments of the pie:

19.7% of property sales of $2,000,000 plus homes (double that of any of the other top real estate companies) … 

23.4% of property sales  of $3,000,000 plus homes … 

31.1% of property sales  of $5,000,000 plus homes … and

42.4% of property sales of $7,500,000 plus homes.

For real estate market information and updates: MiamiRealEstateCafe.com

Whenever you are in the market to buy or sell property in South Florida and would like a top Realtor to assist you, please call us at 305-793-1365 or 305-632-0164.   Those are our cellular numbers, and you are welcome to call anytime.  The Restivo Team …   Alexandra and Vicki … EWM Realtors, Inc.

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ONE PINECREST HOME WORTH COMMENTING ON!

ONE OF THE PERKS OF BEING A REALTOR IS GETTING TO PREVIEW HOMES THAT HAVE JUST COME ON THE MARKET.  LISTING AGENTS IN MIAMI HOLD THEIR NEW LISTINGS OPEN FOR BROKERS  ON WEDNESDAYS.  AND I WAS IMPRESSED BY ONE IN PINECREST THIS WEEK – WITHOUT A DOUBT IT’S BLOG MATERIAL. COMPARING IT TO OTHER SIMILARLY PRICED HOMES IN PINECREST, THIS HOME DEFINITELY STANDS OUTEVEN AS COMPARED TO OTHERS  PRICED WELL ABOVE IT5745 SW 97 STREET IN PINECREST. 

5745 SW 97 ST FRONT

WITH 50 PROPERTIES CURRENTLY LISTED FOR SALE IN PINECREST FOR $2 MILLION UPWARD,  THIS ONE STRUCK ME FOR A NUMBER OF REASONS…   THE TWO THAT MATTER MOST TO BUYERS: VALUE AND QUALITY. Read the rest of this entry »

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Canyon Ranch Spa – Endless Possibilities

Canyon Ranch from Yacht

Looking for something special? Canyon Ranch Miami Beach is an uppercrust, world-reknowed wellness-spa  and resort unlike any other. You can stay here, or you can live here.  

Canyon Ranch took Miami’s historic Carillon Hotel, and created a three tower oasis of endless possibility. 

The boutique style hotel on the first 10 floors offers 150 suites.  Towering above are privately owned condos, with spectacular views.

Canyon Ranch artfully intertwines vibrancy and enthusiasm for life that is so Miami, with natural tranquility, and unparalleled expanses of  oceanfront sand and sea all along the coast. Canyon Ranch blends together a uniquely uppercrust,  elegant resort atmosphere, wellness services, healing therapies, and spa treatments… Read the rest of this entry »

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Canyon Ranch Spa & Resort – Miami Beach Knows How

Canyon Ranch Resort and Spa: 

Pamper yourself by staying at Canyon Ranch as a guest …  or buy or lease a condo  WITH  FULL SPA/RESORT MEMBERSHIP  … INCLUDED!  Live in style!

Canyon Ranch Grill

Canyon Ranch Resort and Spa is ranked among the world’s finest spa destination resorts.   Right on Miami Beach, it overlooks the oceanfront stretch of sand and sea known as Millionaire’s Row. Miami’s pristine white, sandy shoreline and crystaline water are at your doorstep… and you have the intoxicating luxury of everything this world reknown spa offers, at your fingertips.  Read the rest of this entry »

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MOST BREATHTAKING WATERFRONT HOME AROUND – 14301 SW 97 AVENUE – WHO WILL BUY IT?

ONE OF THE BENEFITS BEING A REALTOR, IS  GETTING TO PREVIEW  NEWLY LISTED PROPERTIES AT  WEDNESDAY BROKERS OPEN HOUSES.  HERE IS ONE  THAT STOOD OUT RECENTLY. IT IS QUITE SPECIAL… IN  MANY WAYSe lake aerial view

I ACTUALLY SAW THIS HOUSE  A COUPLE OF YEARS AGO … BEFORE THE CURRENT OWNERS PURCHASED IT.  IT WAS LOVELY THEN, BUT    NOTHING COMPARED TO WHAT IS IS NOW.  THEY’VE RENOVATED IT SINCE… AND IT IS NOTHING SHORT OF SPECTACULAR NOW.  FOR SALE NOW AT JUST UNDER $2.5 MILLION… JUST TWO YEARS LATER.

e lake infinity pool Read the rest of this entry »

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