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south beach real estate: Miami Beach Real Estate- South Beach Condo Report-2009 - 02/10/10 09:19 PM
Real Estate Market Reports for 2009 focusing on luxury condos in the sexy SoFi neighborhood of Miami Beach
The South of Fifth neighborhood in South Beach is what SoHo is to Manhattan. It is a "V" shaped neighborhood bounded by three sides of water and the most expensive condo living, south of New York City, takes place on South Pointe Drive.
South Pointe Drive condo prices range from about $700-$1500 psf. In 2009, the average price of a unit in one of the high-rise condos in SoFi (South of Fifth), was just under $1.7M for 2009.
Nine condos line the … (6 comments)
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south beach real estate: Miami Beach Waterfront Real Estate: Venetian Islands - 09/02/09 09:03 PM
Venetian Islands: Belle, Rivo Alto, Di Lido, San Marino, San Marco, and Biscayne Islands. The six man-made islands are located in Biscayne Bay between Miami Beach/South Beach and the mainland of Miami. They are linked by the Venetian Causeway constructed in the 1920's.
Photo Courtesy of New York Times
The "Venetians" are the closest single family residential neighborhood to South Beach. The Venetians were profiled in March, 2008 in the New York Times.
The majority of the development on the islands was between the 1930's and 1950's. The lure of the islands are their close proximity to South Beach, and, of course, their stunning … (1 comments)
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south beach real estate: Penthouse at Setai South Beach Comes to Market at $24M- 101 20th Street, PH B, Miami Beach, FL 33139 - 09/01/09 01:06 AM
Setai South Beach: Known as a celebrity hangout with a reputation for glamour and excess, proudly presents "Penthouse B"
All the stars have been here, Mariah, Lenny, Madonna et al. This penthouse encompasses the entire 40th floor of this chic South Beach hot spot. The 6,000 sq. ft. interior was professional furnished by a top designer. The condo also features a private 40th floor pool, garden, and dining area.
Read more about the Setai Penthouse over at the South Beach Condo Blog
Related Posts:
Miami Beach Real Estate: Continuum Penthouse Sells Over $15M Below Original List Price [SBCB] Miami Beach Real … (1 comments)
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south beach real estate: Miami Beach Real Estate: South Beach Luxury Condo Stats 2Q 2009 - 08/20/09 10:21 PM
Miami Beach Real Estate Statistics for 2Q 2009 for South Beach/SoFi Condos
Nine luxury waterfront condos comprise the South Beach condo index. The activity for the first six months, which are considered "season" here in Miami Beach, has been extremely light.
Some condos like Apogee South Beach and Continuum North continue to have gains. Most of the other condominiums in the index have drops in sales and $psf.
Year-over-Year stats for 2008 vs.2009 for the period of 1/1 thru 6/30 show a 39% decrease in sales and a 20% decrease in $psf.
The condos in the South Beach Condo … (2 comments)
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south beach real estate: Miami Beach Luxury Real Estate: Waterfront Estates Report Q2 2009 - 07/16/09 07:08 AM
Miami Beach luxury waterfront home sales drop 50% from last year. No doubt it is easy to see that the real estate activity is not what it was last year. But after running the numbers, I was in no way prepared for the reality of the current state of Miami Beach real estate.
Even if you don't live in Miami it's easy to surmise that condos here (as they are everywhere, actually) are having a tough time. There hasn't been many analysis done on the SFR market here in Miami, so I was shocked to actually see exactly how off the sales are
Miami Beach … (23 comments)
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south beach real estate: South Beach Real Estate Stats for Miami Beach Condos 1st Q 2009 - 05/14/09 01:06 AM
The South Beach Condo Index is comprised of nine buildings in the SoFi neighborhood in South Beach. These nine condo represent some of the most luxurious, prestigious, and expensive Miami Beach real estate.
In total there are 2,110 Miami Beach condos in the index. In the first quarter of this year, there were only 18 units sold.
Miami Beach Real Estate Stats for South Beach Condos
Here you can see the list price vs sale price for the first quarter of this year. Because I have been doing these stats for so long, I quickly notice that the sold/$psf is … (5 comments)
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south beach real estate: Tour of Apogee South Beach-Miami Beach Real Estate - 12/09/07 11:38 PM
Newest Addition to the Miami Beach Real Estate Scene: Apogee South BeachI recently took a tour of Apogee South Beach with clients. I have to say the overall finish of the building is stunning. It is very understated and elegant; it is the antithesis of ICON South Beach.
It looks as if closings will be happening toward the end of December.
Click here to take a tour of Apogee South Beach at the South Beach Condo Blog
… (8 comments)
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south beach real estate: South Beach Luxury Condos-Market Report-Miami Beach Real Estate in 33139 - 10/02/07 11:05 PM
With the real estate market in a state of flux, absorption rates are increasingly used as an indicator to assess how long it would take to sell ALL the existing condos in each condominium, assuming the rate of sales stays constant and no new listings are added to the inventory. Additionally, absorption rates are the best way of tracking market performance. They are usually used to indicate "overall real estate market performance," or how an entire market is doing.
To calculate monthly absorption rate, I have taken all the condos that are currently on the market in each building … (4 comments)
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Kevin Tomlinson - Miami Beach Real Estate
Miami Beach,
FL
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ONE Sotheby's International Realty- Miami Beach Real Estate
Address: 119 Washington Avenue, Suite 504, Miami Beach, FL , 33139
Office Phone: (305) 982-7560
Cell Phone: (305) 213-6898
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