south beach: Miami Beach foreclosure and bank owned (REO) homes
- 05/18/09 09:12 AM
As the current Miami Beach Real Estate market is recovering, I am receiving a lot of inquiries and requests from buyers (both American and international clients) on the possibility of buying a foreclosed or bank owned Miami Beach home. However, there is still a big gap between high-end luxury homes and less desireable waterfront and non-waterfront properties. Most importantly, there is a significant increase in buyers activity on the market due to unfreezing of the credit market for qualified buyers. To highlight the gap between the turnkey foreclosure waterfront homes and hard-to-sell mid-to-lower range single family homes, I've selected few closed … (1 comments)
south beach: Commitment in Today's Real Estate Market
- 04/15/09 08:20 AM
The state of the Miami Beach Real Estate sales industry is currently in a state of change and consolidation. Having started my career in 1998, I have been very much successful during the "boom" market of 200-2006 and in the current "bust" market. During the "boom" years, everyone and their uncle had a real estate license. Real Estate was "the" topic of discussion- due both to the lucrative commissions and also the cultural and social appeal of shows such as House Hunters, HGTV, etc. Everyone wanted to be part of this Real Estate phenomenon, and this was easily attainable via easy … (0 comments)
south beach: Great Deal in Miami Waterfront Single Family Home - and a Historical Tour of Hibiscus & Palm Island
- 03/27/09 08:38 AM
Hibiscus Island and Palm Island in Miami Beach has a grand and illustrious history. That history can be visible right at the entrance of Palm Island. As one proceeds onto the island, the first thing you pass is a children playground full of swing sets, slides and see-saws. But half a century ago this location was an altogether different sort of playground, it was the site of the Famous Latin Quarter Nightclub. Owned by Lou Walters, father of The View's Barbara Walters, the Latin Quarter was a mid-century mecca for big-named entertainers who performed for winter crowds of tourists and celebrities … (0 comments)
south beach: Newest Condo Hotels open in South Beach
- 12/10/08 05:36 AM
W South Beach Condo Hotel - Miami Beach, FL In May of 2009, the spectacular 511-units W Hotel and Residences open in South Beach. Located directly on the ocean on prime oceanfront property, W South Beach Hotel offers the true experience of luxury living. With the interior designed by Yabu Pushelberg - W South Beach will complement its modern style with spectacular ocean views, terraces facing the pools, and steps from South Beach's famed nightlife. A Paradise By The Ocean W South Beach Hotel and Residences is a fantasy oasis surrounded by lush garden landscapes and breathtaking Atlantic Ocean views with … (0 comments)
south beach: Art Basel Miami Beach Clients to buy South Beach Luxury Condos
- 11/18/08 06:15 AM
The most important event in Miami, Art Basel Miami Beach, will take place on December 4th - 7th, 2008.Art Basel Miami Beach is the largest contemporary art show in the United States, as well as a cultural and social highlight for the Americas. It is the sister event of Switzerland's Art Basel, the most prestigious art show worldwide for the past 39 years, Art Basel Miami Beach combines an international diversity of the world's top Art galleries along with exhibitions, parties and crossover events featuring music, film, architecture and design. Exhibition sites are located in the South Beach Art Deco District, … (0 comments)
south beach: South Beach Sales Update
- 05/28/08 07:22 AM
I'd like to give a quick market update as well as some commentary on the latest sales that my team and I have been involved with: Condos Murano Grande #1906- $1,350,000 3 beds / 3baths ($667/S.F.) Casablanca Villas (resale) #409 $250,000 1 bed / 1.5 bath ($280/S.F.) Waterfront Single Family Home Palm Island - 298 S. Coconut Lane $3,150,000 5 beds / 4 baths ($787/S.F.) Once again, the market has shown that it rewards sellers who price their properties correctly, and (in a bit of shameless but true self-promtion!) when the marketing is handled by an experienced, knowledgeable, detail-oriented, … (1 comments)
south beach: To Sell Now or Hold? (December, 2007)
- 12/13/07 02:03 PM
I was forwarded this article by a colleague, and it runs along the same theme that I know a lot of investors are beginning to express concern about. That theme is Democrats and what effect them taking office would have for real estate investors. One of the biggest concerns is capital gains tax. Right now, at 15%, this rate is historically low and Democrats are known for favoring taxes for the wealthy. What this potentially implies is that, should Democrats take office the capital gains tax could easily increase to 20%, 25%, or even 30% in the near future. This, combined … (3 comments)
south beach: Capitalization Rates & Selling Prices- Income Properties & Commercial Real Estate
- 11/21/07 10:56 AM
First of all, I wish everyone reading this a happy and safe Thanksgiving holiday! My team and I have had a VERY active last couple of weeks, this is meant as a very quick commercial market update before going away for a few days. We have received multiple offers on the following category of properties which we have in our listing portfolio. Most significantly, ALL of the properties are now under contract and expected to close before the end of the year. What we are finding is that the fear of an economic recession is driving buyers to seek financial safety … (1 comments)
south beach: Commercial Real Estate Update
- 10/25/07 04:18 AM
Given that our commercial listings are all either under contract (or in the process of negotiating offers), I wanted to take a moment to post the following information which I found to be informative. Although the local housing/residential market has experienced a significant slowdown over the past six weeks, we continue to see demand for PROPERLY priced and marketed condos and homes in Miami Beach. Commercial real estate still strongThe excesses that led to a bust in the housing boom haven't spread to the commercial real estate market, where the outlook is cautious but decidedly upbeat.Led by strong growth in the office … (1 comments)
south beach: Selling (for real) in a Buyer's Market
- 10/01/07 01:14 PM
I've been asked recently as to the purpose "vision", if you will, for this blog. It's meant to be an upfront, authentic, and honest space for communicating to consumers and colleagues my view of the state of the real estate market. While I try to be as expansive as possible, my emphasis is on the Miami Beach real estate market. The latest residential market update:
Greater Miami/Ft. Lauderdale residential sales keep sliding South Florida's housing market continues its slump. In Miami-Dade County, existing single-family home sales in August dropped 45 percent from the same month a year ago and 24 percent … (3 comments)
south beach: Greater Miami & Miami Beach Commercial Real Estate News
- 10/01/07 12:49 PM
The following are significant Commercial Real Estate developments of the past few weeks (some reprints from South Florida Business Journal), which I believe demonstrates the long-term strength and resilience of S.E. Florida Real Estate market: Vinnci Hotels Opens in South Beach + Bentley Beach News! South Beach's newest luxury hotel, the Regent, lost its operator in September after a year of disappointing occupancy levels and room rates. Regent Hotels & Resorts officially left, nine months after opening the condo-hotel. Vincci Hotels, a chain based in Spain with properties in New York and Palo Alto, Calif., took over Friday. Table 8, the … (0 comments)
south beach: Reflections on this week's Real Estate closings / market conditions
- 08/25/07 03:58 AM
This past week, I had the privilege of working with one of the most skilled and capable real estate attorneys in the business. She delivered one of the smoothest closings that I have ever had, and all parties involved in the transaction were thrilled! To celebrate, we went out to lunch and my team and I were very honored and proud that she also told us that we were the best real estate brokers/salespeople she had ever worked with in her many years of practice. I'm communicating this here not to stroke my ego, but to inform anyone reading this the … (1 comments)
south beach: Credit Crunch? A weekly observation
- 08/17/07 11:28 AM
What a turbulent week it's been! There is no denying that the credit markets have been in turmoil over the past week- particularly the interest rate for jumbo loans for *well qualified* buyers in the real estate market. The good news is that the Feds have stepped in and lowered interest rates this morning (interbank rates), eventually we WILL see a stabilizing effect on the real estate market. As the financial news outlets are reporting, this is a healthy cleansing process that will eventually lead to a stabilization and (eventual) recovery of the real estate market. My team and I have had an … (1 comments)
south beach: Selling & Closing- The Credit Squeeze
- 08/10/07 04:11 AM
Recently, I have had many clients calling to ask about the latest equities market volatility and apparent panic selling that has occurred on Wall Street over the past few week (largely attributed to the troubled US housing sector). While it is true that the credit standards have tightened over the past six months (especially for non-conforming jumbo loans), it is notable that for *well qualified* buyers interest rates have actually declined recently. Once again, I have found that properties that are priced correctly (2004/2005 closed sales range), ARE selling!!!
Notable Miami Beach sales & pending residential contracts by TheKleerTeam for August, 2007: Sunset Harbour … (1 comments)
south beach: South Beach
- 04/11/07 06:37 AM
Trendy, fashionable and sophisticated are three words that can describe South Beach living. Famous for its beach, shops, restaurants and nightlife, South Beach features luxurious and breath-taking waterfront properties along North Bay Road, Sunset Islands I - IV, and along the Venetian Causeway. Prices range from $150,000 up to $25 Million. … (0 comments)
With over 12 years of Real Estate sales experience, Allan leads one of the Miami's Top Producing Real Estate teams, having successfully sold and closed over $100 Million in Luxury Residential and Commercial Investment properties. Allan attributes his great success to his extensive international network, an entrepreneurial drive, and a commitment to bringing added value to every real estate transaction. Allan is fluent in English and Spanish, with a working knowledge of French.
As the current Miami Beach Real Estate market is recovering, I am receiving a lot of inquiries and requests from buyers (both American and international clients) on the possibility of buying a foreclosed or bank owned Miami Beach home. However, there is still a big gap between high-end luxury homes and less desireable waterfront and non-waterfront properties. Most importantly, there is a significant increase in buyers activity on the market due to unfreezing of the credit market for qualified buyers.;)
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