Miami, FL

The real estate market has is given home buyers are fantastic opportunity in acquiring real estate in Miami at a very low price. In real estate in many cases "timeing is everything". Today you can buy the home of your dreams in Miami for a fraction of the price.

Financing is the other question. Do you need it? Financing a single family home or a condo is completely different. Financing a Single Family home is a lot easier, Banks prefer them over condos. If the property that you are interested in Miami is a condo, them you should speak to you lender, so they can tell you if they can finance the condominium project.

You can start doing your research online. Search for properties on Miami now by visiting our website: http://www.interinvestments.com we have the all the communities in Miami!

Interinvestments Realty - Tel 305-220-1101

Click here to preview properties in Miami

It’s amazing how foreign buyers have their eyes locked on to the Miami condo market. The natural beauty of Miami drags in thousands of foreign tourists from all corners of the globe and from other states as well. Its pristine beaches, luxurious 5-star hotels, awesome nightlife and the warm, inviting weather, collectively add to the splendor of the city. In a recent study conducted by the National Association of Realtors, it was revealed that Miami has been among the top choices for foreign buyers, and it appears that Miami condos are their preferred property.

The recent slump experienced by the nation’s real estate industry was a major contributing factor why a legion of foreigners – Brazilians, British, Canadians, French, Germans, and even Asians – have descended on Miami in search for discounts as prices continue to plummet. There was a time when the number of Miami condos increased significantly and developers were disappointed on the lack of interest on their market. Miami condo realtors said some condos were selling at 25 to 60 percent lower than during the boom times. No wonder foreign buyers were more than willing to pay cold cash for these properties. They were eager to get in and wait out the bust because they know the area remains a strong long-term draw. They invested at a time when Miami is known to have 15% decline in its overall market.

While the figures were a bit gloomy, it didn’t inflict a deadly blow to the livelihood and good life that Miami is known for. The figures were in a business perspective so foreign buyers who simply want to have a property in the city had no worries and they merely focused on the property they wanted to buy. The figures were for buyers who intend to invest and sell properties. For those who were only keen to purchase and live in those properties, there was no cause for concern. Majority of foreign buyers just want to find a relaxing getaway and Miami is the perfect spot.

The trend appears to continue as more foreign buyers are still stepping in to buy Miami real estate at a discount. They have noted great deals in the sale of beach front condos, and other properties with magnificent waterfront views. Miami’s real estate market is currently on the rebound and its appeal as a thriving, diverse, and multilingual metropolis helped a lot to prop up its condo market that had been initially predicted to incur huge losses because of the housing crunch. Flush with cash, foreign buyers are continuing to scoop up Miami condos, for at least 30 percent less than the price of properties in their homelands. It’s a good idea for them to invest as it’s virtually impossible for them to lose.

Santa Maria Brickell Condos

One of the most popular, diverse and culturally rich area the Brickell area of Miamioffers a highly coveted upscale lifestyle of amazing restaurants, boutique shopping, and luxury homes. The downtown Miami condos are popular among young single professionals and retirees because of the it is literally right in the center of all the action in Miami.

Investment Santa Maria Brickell Real Estate

The location is great for vacationers who want to rent your investment. The local night life and other area attractions make the Brickell Condos Miami one of the most popular Miami condo communities. The pristine architecture showcases fifty stories of luxury homes surrounded by pathways and shady groves of trees along with extraordinary luxury recreation and READ MORE HERE.

When non local people talk about the Miami Real Estate Market, Miami Beach Real Estate, Miami Condos, they often group these terms as “one”.  However if you are a local Miamian, all of these areas and terms are very different.

The areas that we specialize in are what we consider to be the best “city living, pedestrian friendly, high rise living” areas of the Miami Real Estate Market.  These areas are Miami Beach (South Beach more specifically), Brickell, Downtown Miami and Midtown Miami.  Some of these neighborhoods are still in a little transition in terms of the big city pedestrian feel because they were built during the boom, however going forward I anticipate that they will continue to develop and create their own new mini city centers of living.

Below is a quickly drawn map, it's not totally "exact" because these neighborhoods are often defined by other factors but at least it can give you the "general" area of these neighborhoods.

 

View Miami Real Estate Market-Neighborhoods Defined in a larger map

 

South Beach is green. Biscayne Corridor/Midtown Miami is the lighter orange. Downtown Miami is the lighter orange. Brickell is white.

The South Beach neighborhood of Miami Beach is often referred to as a mini Manhattan.   This neighborhood has a true grit city feel.  One could literally live on South Beach (On Miami Beach from about 23rd street down to 1st street) and never leave this area.  You could also live in this area without a car.  The area is very pedestrian friendly, has lots of local shops, restaurants and more.  Because of it’s allure and the quality of living, this part of the Miami Real Estate Market is still a little pricey when compared to other areas of the city.  Miami condos in this neighborhood vary in size, type and overall quality.  I have found that buyers who have not already lived in South Beach for a period of time are often a little disappointed about what their money can buy them in this area.  New, parking and amenities and South Beach is often considered a luxury and over the last six months in this area one bedrooms sold from $123,000 (567 square foot unit) up to $1.8 million for a (1279 square foot unit).  If you can deal with street parking, a smaller/older building and no amenities, you can find better deals.  South Beach is considered prime Miami Beach real estate, so it’s often more expensive than some of it’s neighborhoods.

To name a few of the popular South Beach Miami Beach Luxury Real Estate Buildings are:

1.  Continuum I

2.  Continuum II

3.  Portofino Towers

4.  Apogee

5.  Murano at Portofino

6.  Murano Grande

7.  ICON South Beach

8.  Bentley Bay

9.  Floridian

10. The Waverly

Brickell area of the Miami Real Estate Market is often referred to as the financial and business district of Miami.  There are a lot of banks, insurance companies and International professional businesses based in Brickell.  In terms of the overall environment Brickell feels a little more polished, commercial and planned than the organic feel of South Beach.  Brickell is located just south of Downtown Miami on the edge of Biscayne Bay (east).   Many of clients really like the Brickell area because in terms of what you get for your money, it’s a lot newer than South Beach.  For instance for about the same average price point of a typical affordable one bedroom on South Beach, you can have a brand new unit on Brickell:  nice kitchen, stainless steel appliances, washer/dryer, parking and amenities.  It also offers a pedestrian lifestyle and features the Mary Brickell Village area that hosts many shops, restaurants and bars.

To name a few of the popular Brickell Miami Luxury Real Estate Buildings are:

1.  ICON Brickell

2.  500 Brickell

3.  Santa Maria

4.  Four Seasons Residences

5.  Jade Residences

6.  Millennium Tower

7.  Bristol Tower

Downtown Miami is located just north of Brickell and south of the Biscayne Corridor and Midtown Miami Area.  This area stretches east of 95, south of the causeway and along the Biscayne Bay.  On the bay side of Downtown Miami are the Port of Miami, Bay side Market Place, the American Airlines Arena and the soon to be Miami Art Museum (scheduled to open in 2013).  Even in our more challenging market place, the developers of Marina Blue, 900 Biscayne and the newer Marquis have managed to open some of the best and highest end buildings in Miami.  I think this area has big things to come in its future!  Pretty impressive.

To name a few of the popular Downtown Miami Luxury Real Estate Buildings are:

1.  900 Biscayne

2.  Marina Ble

3.  Marquis  (my new favorite building).

4.  Metropolitan

5.  Ten Museum

6.  Epic

Biscayne Corridor/Midtown Miami are sort of parallel to the Miami Beach area and  just off of the Biscayne Bay.  I grouped these two areas into one because they are both similar to me in terms of development.  A few years ago, some of the blocks in these areas were literally grass and fallen down buildings.  They are the areas that were booming during our boom time.  The 1800 Club & Quantum have totally transformed the Pace Park area.   Midtown Miami has had a lot of recent success in terms of new restaurants and stores opening.

To name a few of the popular Biscayne Corridor/Midtown Miami Real Estate Buildings are:

1.  1800 Cllub

2.  Quantum

3.  Midtown Miami

4.  Platinum

So now you know.   As you can see, each of these areas are very unique.  Where you should live depends on your budget, lifestyle and what you expect to get for your money.  South Beach, Brickell, Downtown & Midtown Miami are different and each have something special to offer…..  drive around, do the comps, preview the buildings and find out which area and building fits you.

Interested in buying or selling a Miami Beach Luxury Home or Condo?
Jamey & Ognjen Prezzi are Miami Beach Luxury Home & Condo specialists and
we welcome the opportunity to help you buy or sell in Miami Beach Real Estate.

Read what previous clients said about Jamey & Ognjen Prezzi’s services.
Call us today:  305-793-8965  Email me:  jameyprezzi at gmail.com

Copyright © By Jamey Prezzi 2010 * All Rights Reserved* Miami Real Estate Market

There has been a lot going on in Miami from basketball power moves to real estate heating up once again, and everything in between. Staying true to its name there is definitely something magical in the air.

These Miami new times remind me of the late 90's when the Magic City was on the cusp of a housing boom and buyers couldn't get enough. MDA Dataquick reports sales in the 1st quarter 2010 rose 30 percent from last in Miami-Dade. Sales in the Miami area have been rising for 13 months straight and pricing are finally beginning to stabilize.

Condos are making a big comeback in sales, up 55 percent month to month and 62 percent from a year ago. Thank the all cash foreign buyers for that. And they're hitting the high-end as well. Absentee buyers, often investors, accounted for more than one third of sales.

Prices are still rock bottom, down by more than 56 pecent from the peak. But the good news is prices are holding steady. Is it all the tax credit? Probably not since investors don't qualify.

Viva Miami,

Andre' Shambley, Realtor

(786)704-8482



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Miami's Downtown Condos Come Alive

The 7,000 unsold condos in Miami’s core -- a symbol of a building boom that collapsed and dragged the city into recession -- are filling up and giving life to neighborhoods that previously closed after dark. New, year-round residents are cramming into restaurants, nightclubs and bars that didn’t exist a few years ago, and enjoying a lifestyle made possible in part by developers and banks seeking to recoup losses by renting luxury dwellings until the market recovers.

Read the whole story: Bloomberg.com
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10 Miami Mansions Lebron James Could Move Into Now

Job well done Pat Riley! Courtesy of the follks at Trulia, the online real estate company, we've got 10 ridiculously expensive mansions that are fit for Miami's own King James. Each of these pads will certainly be affordable for the NBA player with aspirations to be a "global icon" and who signed a $90 million endorsement deal with Nike when he was just 18 years old.

Which isn't to say these mansions would be affordable for the rest of the NBA. Which pricey palace should Lebron choose? Click the link below to check out Trulia's list -- and visit www.OnePlaceOpenHouse.com for more real estate info.

Lebron James Miami Mansions






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If you are interested in selling or buying a home or condo in the Miami area we would love the opportunity to meet with you and discuss your real estate needs. From mortgage, relocationand residential services our peace of mind full service real estate brokerage has you covered. Call today or contact via email for a free consultation.

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Aventura, Florida 33180

Miami Best Real Estate Team

ERA Herman Group Real Estate

Direct: (786) 704-8482

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