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Tags:  miami beach condos, South of Fifth Miami Beach, smith wollensky south beach, south beach restaurants, miami beach restaurants

I'd like to share with our readers my informal "Top 10" list of local Miami Beach restaurants. These are the ones I recommend to friends and clients who visit our South Beach paradise, and are all located within walking distance of all of the luxury condos that we specialize in selling (Murano at Portofino, Portofino Tower, Continuum South Beach, Apogee, Icon South Beach, Murano Grande, The Il Vilaggio, and The Bentley Bay.

Smith & Wollensky Steakhouse - Yes, it's an expensive chain steakhouse, but what really makes this place standout is the impeccable service, and the incredible location in the middle of South Point Park facing government cut. Request an outside table, with amazing views of the cruise ships, Fisher Island and the downtown Miami skyline.
Address: 1st street and Washington Avenue

DaLeo Trattoria on Lincoln Road- Affordable local favorite with homemade Italian dishes ranging from classic pastas to gnocchi and speciality chicken dishes. Extremely attentive and friendly staff, located just off the busy Lincoln Road and Meridian Ave. cross streets. THE place to people watch on the pedestrian Lincoln Road Mall.
Address: 819 Lincoln Road

Prime 112 Steakhouse- Another South of Fifth street local and tourist favorite. A bit pricey, but the service and food are outstanding. This is the "in" steakhouse to see and be seen.
Address: 112 Ocean Drive

Joe's Stone Crabs- Located next to South Pointe Park and the Nikki Beach club complex, this is probably one of the most famous stone crab restaurants in the country. A "must visit" for fans of stone crabbs and locally caught fresh seafood.
Address: 11th and Washington Avenue

Joe Allen's- Located on Purdy Avenue, across the street from The Sunset Harbour condominiums. This NYC transplant is an out of the way local favorite with great service and a diverse menu that features everything from salads to pastas and steaks. Reasonably priced and a great place to mix with local Miami Beach residents.
Address: 1787 Purdy Avenue

Burger and Beet Joint- Located right around the corner from Joe Allen's, the very best burgers with different meat choices (including Kobe beef) in Miami Beach with a friendly staff.
Adress: 1766 Bay Road

DeVito's South Beach- This is one celebrity-owned restaurant that beats expectations. Try the homemade meatballs and the Lemoncello martini, and to finish it all off the cotton candy dessert is not to be missed! Not cheap, but excellent & unique food, great ambiance, and conveniently located in Miami Beach's South of Fifth Street District.
Address: 150 Ocean Drive

Sylvano Italian Restaurant- This is another local favorite and not be missed. Reasonably priced (not a fancy ambiance & discreetly located on Alton Road and 9th Street) some of the best homemade pasta dishes in all of South Florida. Everything is homemade and the service/staff are friendly and aim to please.
Address: 820 Alton Road

Baires Grill- Recently relocated to Lincoln Road, featuring homemade empanadas (oven cooked, not fried), outstanding meats, and an extensive wine collection. The staff and service are friendly and relaxed and the prices reasonable. Located underneath the Regal Cinemas on the Western end of the pedestrian mall.
Address: 1116 Lincoln Road

Meat Market- A sexy and glamorous take on the traditional steakhouse, executive chef Sean Brasel creates truly unique dishes. Featuring contemporary and elegant decor, this restaurant provides one of the finest dining experiences in all of Miami Beach.
Address: 915 Lincoln Road

 

Tags:  Miami Beach Real Estate, miami beach condos, Miami Beach Luxury Condos, South of Fifth Street, South Beach Condos

I'd like to take this opportunity to explain why I moved to the South of Fifth Street neighborhood in Miami Beach in 2002 when the area was still up and coming:

I love living in Miami Beach's South of Fifth (SoFi) district due to the amazing variety of restaurants, small shops, and the spectacular waterfront buildings in the area. The most sought-after and popular waterfront condominium buildings include The Continuum North and South Towers, Icon South Beach, The Murano at Portofino, The Portofino Tower, Apogee, and The Murano Grande.

A few of my personal favorite restaurants include Joe's Stone Crab, DeVito's (owned by actor Danny DeVito) with incredible Italian cuisine, Fogo de Chao Churrascaria, Texas de Brazil, Prime 112, and Smith & Wollensky steakhouses. The SoFi neighborhood also has a variety of other attractions which make this a self-contained community that is also surprisingly family-friendly:

* The South Pointe Elementary School - an "A-rated" K-6 public school. This school and local parents collaborate on field trips, art shows, book fairs, festivals and lots of practice for the FCAT (Florida Comprehensive Assessment Test). Many of my clients who have recently moved to the area are surprised by the diversity and quality of this local elementary school located just across the street from the Murano Grande and Icon South Beach buildings.

* The recently refurbished South Pointe Park, with an incredible light display, walking paths, and cascading water fountains facing towards Fisher Island and cruise ship alley which leads to the Atlantic Ocean. To walk the length of this park (especially as the sun sets) is an experience that I highly recommend to all who visit Miami Beach.

* The Miami Beach Marina, which is located at 300 Alton Road, just South of Icon South Beach and the Murano Grande has a deep sea diving center, a gourmet gourmet food market, and local favorite Monty's restaurant. The marina also offers Pinky's Parasail rentals and American Watersports Jet Ski rentals, the Tarpon Lagoon Dive Center (classes and dive trips), power boat rentals, yacht charters, sailfish tournaments, poker runs to the Florida Keys and, once a year, the Columbus Day Regatta sailboat race.

The other local favorites in South Beach's South of Fifth district include:

  • Nikki Beach Complex at 1st and Ocean Drive, with two restaurants, two nightclubs, and a beachfront setting with huts. A little known fact is that the Nikki Beach complex also contains a beautiful beach access (open to the general public).
  • Red the Steak House, with a beautiful oceanview rooftop scenery,
  • The brand new French gourmet restaurant with beautifully classic French interiors Au Pied de Cochon,
  • The Taverna Opa restaurant across the Street from Nicki Beach Club for Greek food and table dancing at night!,
  • China Grill right on the corner of Fifth and Washington Avenue,
  • Locals favorite Clarke's, which is a neighborhood pub with excellent casual lunch and dining menus,
  • La Piaggia Beach Club, adjoining the Murano at Portofino with a saltwater pool and great mojitos,
  • The Sofi Salon and Spa where many of our locals go to pamper themselves, especially before a weekend night on the town
  • There's even a local public library branch located at 131 Alton Road (South Shore Branch)
  • The Portofino Wine Bank, located right underneath the Portofino Tower, which has a large selection of domestic and imported wines, beers, and liquors.
  • Spa 101 located right next to The Bentley Hilton Resort, and at the same address a private club called the Bentley Beach Club, as well as the restaurant Gaia
  • The new Alton & 5th Street Shopping complex (of course located right on the corner of 5th Street & Alton Road) which has a Publix & Greenwise (all-natural products) super market, Best Buy, Petsmart, TJ Maxx, and Ross Dress for Less, and Staples discount stores.
 

Tags:  Miami Beach Homes, Miami Beach Real Estate, Miami Beach Housing Market

Recently, The increase in sales of homes in the US has beocome the topic of many articles in the newsmedia, which also led to a spike in the stock market just before the Thanksgiving Holiday. Miami Beach, one of the first markets to crash, has also seen increase in home sales. I'd like to take this opportunity to put a local perspective to this latest trend in sales:

75% of the homes sold between August through October in Miami-Dade County were priced under $300,000 and 23% of these sales were for homes listed under $100,000.

Price trends at the lower end of the market have been positive, however moving into the higher price ranges, those are areas that we are still seeing weakness. Typically, when the supply of homes for sale stands at a year or more, prices tend to fall. With a six- to nine-month supply, prices remain flat. When the supply drops below six months, sales activity begins to spur price appreciation, as it has for recent home sold and priced under $100,000.

Below is sampling of the supply of houses listed for sale in Miami-Dade in October, according to the MLS:

  • Under $100,000: four-month supply
  • Under $300,000: eight-month supply
  • $300,000 to $1 million: 21-month supply
  • Over $1 million: four-year supply

Miami Beach’s luxury housing market falls into the upper end category, however, the supply is much more restricted due to the natural barrier (island community) limiting further supply. Also, virtually no new construction is currently taking place, so we’re experiencing a decline in inventory levels for Miami Beach’s 33139 and 33140 zip codes:

  • $300,000 to $500,000: less than six month supply
  • $500,000 to $1 million: 14 month supply
  • $1 million to $2 million: 18 month supply
  • Over $2 million: 23 month supply

The conclusion from the above referenced data – there is no room in the Miami Beach housing market for overpriced listings. The strongest demand is for turnkey (completely remodeled) homes, where the new owners do not have to make an additional investment into the property.

To view latest Miami Beach sales data, visit our Miami Beach Real Estate website

* Data Sources: MLS & Miami-Dade Public Records

 

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