33139: 1 Hotel & Residences South Beach Launching Sales Soon!
- 08/09/13 06:24 AM
1 Hotel & Residences South Beach- Miami Beach's newest condo hotel will be launching sales soon. One of the last direct oceanfront project in Miami Beach is set to launch sales within 30-45 days. With the non existent supply of anymore Miami Beach oceanfront real estate, condo sales are expected to be brisk. 1 Hotel & Residences South Beach The Project: The existing building was built in 1971 and has gone by many a name over the years...even went through a bankruptcy. The project will consist of 417-room hotel and 163 private Miami Beach condo residences---that CAN be placed in … (3 comments)
33139: Miami Beach Waterfront Real Estate: Venetian Islands
- 09/02/09 02:03 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)
33139: Miami Beach Real Estate: South Beach Luxury Condo Stats 2Q 2009
- 08/20/09 03:21 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 $psf. The condos in the South Beach Condo … (2 comments)
33139: Miami Beach Luxury Real Estate: Waterfront Estates Report Q2 2009
- 07/16/09 12:08 AM
Miami Beach luxury waterfront home sales drop 50% from last year. No doubt it is easy to see that the real estate activity is not what it was last year. But after running the numbers, I was in no way prepared for the reality of the current state of Miami Beach real estate. Even if you don't live in Miami it's easy to surmise that condos here (as they are everywhere, actually) are having a tough time. There hasn't been many analysis done on the SFR market here in Miami, so I was shocked to actually see exactly how off the sales are Miami Beach … (23 comments)
33139: South Beach Real Estate Stats for Miami Beach Condos 1st Q 2009
- 05/13/09 06:06 PM
The South Beach Condo Index is comprised of nine buildings in the SoFi neighborhood in South Beach. These nine condo represent some of the most luxurious, prestigious, and expensive Miami Beach real estate.
In total there are 2,110 Miami Beach condos in the index. In the first quarter of this year, there were only 18 units sold. Miami Beach Real Estate Stats for South Beach Condos
Here you can see the list price vs sale price for the first quarter of this year. Because I have been doing these stats for so long, I quickly notice that the sold/$psf is … (5 comments)
Here's a great aerial (taken by me) of the late Gianni Versace home at 1100-1116 Ocean Drive in Miami Beach. The property consists of two lots; the corner lot was the former Revere Hotel which Versace bought in 1993 for $3.7M, and the main home which he purchased in 1992. The property was sold after his death in 2000 for $19,000,000 and is now a private membership club. Related Reading A Designer's Inspiration is Booed in Miami Beach Check out more Celebrity-worthy Miami Beach estates [View … (7 comments)
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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1 Hotel & Residences South Beach- Miami Beach's newest condo hotel will be launching sales soon. 
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