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EWM Tops Luxury Home Sales

EWM Stats

EWM ranked #1 in all luxury sales in both Miami-Dade and Broward Counties in the first four months of 2015. This includes every luxury price range … 1M+,2M+,5M+,10M+,15M+ and 20M+.

EWM sold over one half billion dollars of luxury properties in these four months!

The Restivo Hechtman Team specializes in the Luxury Market. Let us help you buy or sell in Miami. Let’s get started today!

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First Quarter 2015 – EWM Ranks #1

Selling a million dollar plus listing every 15 hours in South Florida …. EWM Realty International Ranks #1 in Sales – Q1 – 2015 in Business Monday.

The Restivo Hechtman Team is proud to be part of EWM and among the experienced experts in Million Dollar sales.We are dedicated to helping you buy or sell your home in South Florida.

Don’t wait, let’s get started today!

 

million dollar listings

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Perfect Alternative to the Million Dollar Pinecrest Estate?

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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.

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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

 

 

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Coconut Grove Upsurge

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 »

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Christie’s names 3 top cities attracting globally affluent buyers

Miami – along with New York and London – are “three of the most vibrant world cities currently attracting the globally affluent buyer”  according to Bonnie Stone Sellers, CEO of Christie’s International Real Estate, in Christie’s annual research report Luxury Defined.

As the exclusive affiliates of Christie’s in Miami,  EWM Realty International will be pleased to provide you with market insights, and expertise whether you are buying or selling.

“Buyers continue to view London, New York and Miami as strong markets to invest in and great places to live.  All three cities are unusual in offering what luxury buyers are looking for: economic stability, ease of doing business, transportation options, cultural and lifestyle services, and attractions that make them desirable places to buy homes.”

If you are considering buying a home or condo in Miami, we at the Restivo-Hechtman Group at EWM Realty International will be pleased to work with you.   305 793-1365  [email protected]

 

 

 

 

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Miami Real Estate Market Overview & Projection 2014

“The median price of a single-family home in Miami-Dade increased 19% during 2013, while the median price of a condo in Miami-Dade increased 12%.  We have had double-digit annual median price increases for over 24 months for both single-family homes and condos in both Miami-Dade and Broward counties.  With the increasing inventories and new construction underway, median price increases will likely temper back in 2014 to single-digit levels.  With the large numbers of new condos being offered at pre-construction (primarily in Miami-Dade), the number of available units will be increasing fairly rapidly over the next 24 months; therefore we will be keeping a close watch on the number of newly constructed units, as well”  Managing Broker of EWM Realty International, Ron Shufffield  indicates in his “Focus on 2014 South Florida Market Report”.

Great time to buy or sell …  Call us today, but don’t wait.  Restivo/Hechtman Team at EWM Realty Int’l  305 793-1365  … 305 632-0164

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Coconut Grove Project Includes Waterfront Restaurants and Pedestrian Promenade

The Miami Herald reported November 5th that Coconut Grove is soon slated to have 3 snazzy new waterfront eateries (with soaring glass walls and views of Biscayne Bay …  in glass and steel bay front structures designed by Arquitectonica).  There are plans to create an pedestrian promenade as well as a new park…. turning the Grove into something Miami desperately needs:  waterfront land that the public can access and enjoy.

The Grove Bay Investment Group is apparently ready to sign a 50 year lease  with the city for the site just north of Miami City Hall all along the water, paying a minimum of $1.4 million a year for that …  and spending an additional $18 million to refurbish the marina,  add three new waterfront eateries, and create a pedestrian promenade extending from South Bayshore Drive all the way up to the new public pier over Biscayne Bay.  This, combined with creating a 3 story parking garage with retail shopping at ground level, and green open spaces for the public to enjoy, will transform the Grove and the historic village bay front. Read the rest of this entry »

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Government Shutdown Ends

After a 16 day federal government shutdown (which caused National Parks to close, passports not be issued, and real estate closings to be postponed … to name but a few of the repercussions) as of  late last night the shutdown is apparently over. 

The National Association of Realtors reported today that yesterday’s resolution calls for funding  government operations through January 15, 2014  and  it raises the debt ceiling to a projected date of  February 7, 2014.

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The Price of Real Estate Experience – WSJ says $25,000

“Can you put a price on experience? In real estate, you can. It is about $25,000 for the average house” according to one Wall Street Journal article.

The price of real estate experience  … and  the difference between a rookie and a seasoned real estate professional …  can mean a 12% higher home sales price on average.  

If you’re contemplating moving or relocating, we would be delighted to assist you … The Restivo Hechtman team will help you sell for the best terms possible … and we can refer you to other  top real estate experts elsewhere throughout  the world … whether you’re moving across country or internationally.

The Restivo Hechtman Team at EWM Realty, International

Vicki Restivo 305 793-1365 [email protected]

Alexandra Hechtman 305 632-0164 [email protected]

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Restivo Hechtman Report – Real Estate Market Update – Pinecrest – Second Quarter 2013

BASED ON CURRENT INVENTORY and CLOSED SALES IN PINECREST,   WE ARE IN LIMBO.  WE ARE NOT IN A BUYER’S  MARKET … NOR ARE WE IN  A SELLER’S MARKET )… We in what’s called a “NEUTRAL REAL ESTATE MARKET” … meaning that we  now have between 3-6 months of available inventory for sale:

Less than 3 months of inventory would put us in a seller’s market.

More than 6 months of inventory would move us into a buyer’s market.

And having 3-6 months of inventory places us in a neutral market.

PINECREST LISTINGS FOR SALE – PRICED UNDER $1 MILLION:

In January 2013:    There were 6.3 months of available single family homes listed

By mid-August 2013:    Inventory was down to 2 months worth. Read the rest of this entry »

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