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Search results '2011/09'
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Tags:  miami beach condos, South Beach Condos, Miami Beach Homes, south beach homes, Miami Beach Real Estate

Miami Beach and South Beach Real Estate Market OVERVIEWMiami Beach Real Estate

Miami Beach condo sales activity has increased significantly in the second quarter of 2011, especially for waterfront luxury properties. The second quarter of this year was also defined by an increase in high-end Miami Beach home sales. The Miami Beach and South Beach condo and single family residential market experienced sales surges fueled by strong demand for waterfront and oceanfront properties. Ultra-luxury waterfront communities have witnessed near-record sales activity since the housing market price corrections of the past few years. For example, this year’s most ultra-luxury home sale was an incredible Star Island home that sold for an amazing $25,500,000.

Home price indicators saw positive gains, especially for zip codes 33139, 33140, & 33141 in Miami Beach with a boundary up to 30th street. The median sales price declined 15.9% year over year to $925,000 for Miami Beach single family homes. Consequently, the number of closed home sales transactions in Miami Beach increased 6.6% to sixty five individual homes sold during this period. High end, luxury homes sales increased and defined the market, which is consistent with the overall national trend of wealthy individuals (especially foreign buyers) driving the luxury real estate market in premier real estate areas of the country. Although Miami Beach single family home prices declined as sales edged higher (median sales price declined 15.9% to $925,000 down from $1,100,000) which is about 14% of Southeast Florida regional sales.

In highly desired waterfront areas with a high concentration of luxury condo buildings (such as the South of Fifth neighborhood of South Beach) slightly lower sales prices, and an influx of wealthy cash buyers, attributed to a large increase in the number of sold condominiums. Miami Beach's market trends indicate a stabilization in condo prices, with the average price per square foot declining by just 0.6% year over as the number of closed sales surged 25.3%.

Miami Beach's overall Real Estate Market has seen much positive news this year, including an increase in luxury waterfront condo & home demand, record breaking sales, more affordable sales prices, condo building sell-outs, and a steady stream of international buyers making second and vacation homes purchases on Miami Beach.

Summary of Miami Beach Real Estate Market activity
Miami Beach Home sales statistics for zip codes 33139, 33140, 33141
Single Family Homes for Sale ($1 Million and above): 294
Miami Beach Homes Sold YTD ($1 Million and above): 86
Average Miami Beach Home Sale Price: $3,401,000

Market Analysis of Miami Beach Home Sales YTD

Market Analysis of Miami Beach Home Sales YTD
Property Type: Single Family (RE1)Status: Closed SaleNumber of Properties: 86
#Beds#FBathsSF/FFList PriceLP$/SqFtSale PriceSP$/SqFt
High121315,101$32,000,000$2,195$25,500,000$1,739
Low001,575$999,900$97$1,000,400$82
Average5.024.75,154.76$3,961,518$703$3,401,960$612
Median544,117$2,472,500$670$2,253,000$590

Miami Beach Condo sales statistics for zip codes 33139, 33140, 33141:
Condos for Sale ($1 Million and above): 1,812
Miami Beach Condo Sold YTD ($1 Million and above): 163
Average Miami Beach Condo Sale Price: $2,260,810

Miami Beach Condo Sales YTD
Miami Beach Condo Sales YTD
Property Type: Condo/Coop/Villa/Twnhse (RE2)Status: Closed SaleNumber of Properties: 163
#Beds#FBathsSF/FFList PriceLP$/SqFtSale PriceSP$/SqFt
High676,853$24,000,000$11,310$11,500,000$2,602
Low01574$1,050,000$332$1,000,000$301
Average2.742.722,363.40$2,654,511$1,120$2,260,810$959
Median332,072$1,799,900$925$1,650,000$846

 

Tags:  south beach real estate, South of Fifth Neighborhood, miami beach condos, miami beach homeowners, Miami Beach Events

High season is just around the corner for home and condo owners in Miami Beach. Halloween, OcktoberFest, Art Basel Miami Beach, Carnival Miami Parade & many more festivals top the list of this season's most coveted events. Miami Beach's high season will also see an influx of many international visitors, snow birds from the Northern states like New York City, Chicago, Boston, and vacationers from neighboring states such as Atlanta, Dallas, and Northern Florida, who come to enjoy South Beach's many attractions. Every year, during the Winter months, second home owners and buyers interested in investing in Miami Beach Real Estate come to the South of Fifth neighborhood to escape the harsh winters of the North. The City ofMiami Beach accomodates homeowners and visitors by having a full schedule of cultural, fashion, festival, fine cuisine and Holiday events for all to enjoy. All of the these varied attractions are what makes owning real estate and living in Miami Beach an exceptional experience!

Miami Beach Condo and Homeowner Attractions

Featured Annual Events in Miami Beach

Miami Beach Attractions of the Month
A diverse selection of family-friendly activities and excursions for Greater Miami and Miami beach residents. Features great indoor and outdoor events, exotic adventures, water sports and exploration, and much more.
http://www.everyonesakid.com/


Annual Miami Beach Antique Jewelry & Watch Show
Three days of the finest art, antiques and luxury jewelry showcased at the Miami Beach Convention Center. The most elegant gems, precious stones, diamonds rare vintage, antique, and estate jewelry and watches and much more will be exhibited for attendees and collectors.
http://www.miamibeachantiquejewelryandwatchshow.com/


Carnival Miami Parade & Festival
one of the most popular events in Miami and Miami Beach. Carnival celebrates Caribbean and Latin culture with music, food, arts & crafts, and an outrageously colorful mardi gras-style parade that also feature calypsonians from the islands, live bands & performances and thousands of visitors from across the United States.
http://www.miamicarnivalonline.com/


Miami Fashion Festival
A weekend of Citywide events for Greater Miami and Miami Beach residents and visitors featuring runway shows, styling clinics, retail promotions, fashion photo shoots, in-s tore retail promotions and appearances by top fashion designers. Presented by Jones Magazine.
http://www.miamifashionfest.com/


The South Beach Wine & Food Festival
A national, star-studded, four-day destination event showcasing the talents of the world's most renowned wine and spirits producers, chefs and culinary personalities.
http://2012.sobefest.com/index.php


Funkshion: Fall Fashion Week Miami Beach
Miami Beach hosts top world designers and fashion brands who will showcase their new lines in individual fashion shows to media, celebrities, international buyers.
http://funkshion.com/

South Florida International Auto Show: Miami Beach
One of the largest and most prestigious in the nation, the auto show showcases more than 1,000 new car, truck, van and SUV models from more than 40 of the world's leading manufacturers.
http://www.sfliautoshow.com

Miami Beach Halloween Half Marathon
A fun run event that builds of the excitement and anticipation of the Halloween festivities. The stellar ocean side 13.1 mile course runs Starts at Parrot Jungle, Parrot and finishing at South Pointe Park with Fabulous & Stunning Miami Beach Views.
http://www.halloweenhalfmarathon.com


Halloween on Lincoln Road, Miami Beach
Locals, tourists, and residents of the South of Fifth neighborhood explore and engage in the spooky all-night long entertainment events filled with live music, costume parties, great food, and shopping to celebrate Halloween. Halloween Sunday will begin with trick or treating for Children to collect sweets from Lincoln Road storefronts. Clowns, magicians, and stilt walkers will line the streets to dazzle and entertain and give away free sweets.
http://lincolnroadmall.com/


Halloween Spooktacular at Jungle Island
Located on Watson island, between Miami and Miami Beach, Jungle island presents Halloween fun-filled days of spooky fun for children with the furry and feathered friends who live on the island.
http://jungleisland.com/halloween/


Dining & Nightlife Activities in Miami and Miami Beach

Miami New Times Presents Iron Fork: Chef vs. Chef
Chef's Battle to create delicious bites from dozens of Miami' and Miami Beach's best restaurants, from Barton G's famous restauran on Miami Beach's West Avenue to Hakkasan in South Beach. Includes chef competition, food sampling, open bar and live entertainment.
http://microapp.miaminewtimes.com/ironfork/2011/

Tudor House (1111 Collins Ave) www.tudorhousemiami.com Highlights values and quality. Read More: http://www.miaminewtimes.com/2011-09-08/restaurants/tudor-house-puts-quality-over-quantity/

Egg & Dart (4029 North Miami Ave) www.egganddartmiami.com New Greek restaurant on Miami Beach aims to embody Greece in all aspects, from the menu, the decor and the name. Read More: http://www.miamiherald.com/2011/07/22/2326023/new-greek-restaurant-egg-dart.html#ixzz1Yhz94H00

Kane Steakhouse (431 Washington Ave) www.kanesteakhouse.com
Located in South Beach’s booming “South of Fifth” area, offers fine cuisine, modern design and seductive ambiance with upscale steakhouse fare Read More: http://www.miamiherald.com/2011/09/15/2406561/kane-another-decadent-meat-palace.html

The South Beach Wine & Food Festival (February 23-26th, 2012) http://2012.sobefest.com/ A culinary extravaganza in Miami Beach featuring the most renowned wine and spirits producers, chefs and culinary personalities. Tickets go on sale October 24th. Read More: http://blogs.miaminewtimes.com/shortorder/2011/09/south_beach_wine_food_festival_3.php


Other Highlights in Greater Miami & Miami Beach

The Miami Heat's first pre-season game is scheduled for October 11. View their full schedule here: http://www.nba.com/heat/schedule/

Sleepless Night Miami Beach - November 5 An all night, free art event has become quite popular and draws visitors from everywhere. http://sleeplessnight.org/?cat=5

Art Basel returns to Miami December 1-4, 2011. Check out the website and catalogue here: http://www.artbaselmiamibeach.com/

Performances and Concerts in Miami and in South Beach

Euphoria Tour w/ Enrique Iglesias Sept. 22 @ 7:30pm American Airlines Arena: www.enriqueiglesias.com/

Chris Tucker Sept. 24 @ 7:30pm Fillmore Miami Beach @ The Jackie Gleason Theater: www.christucker.com/

Adele Oct. 14 @ 8pm American Airlines Arena: www.adele.tv/home/

Chris Brown Oct. 5 F.A.M.E. Tour featuring T-Pain and Tyga: www.chrisbrownworld.com/

Guns N' Roses Oct 29 American Airlines Arena: web.gunsnroses.com/

Josh Groban Oct. 26 BankAtlantic Center: www.joshgroban.com/

 

Tags:  miami beach homeowners, South Beach Condos, Miami Beach Events, miami beach condos, Miami Beach Real Estate, South of Fifth Neighborhood, fall events in the city of miami beach

Are you a potential snowbird who may be interested in spending this coming winter season to Miami Beach? Then come on over to the International destination where homeowners and condo residents enjoy incredible warm tropical weather and amazing sunsets year-round at the beach! Although we are still in the wet season, and just missed the worst of the Hurricane season with a weather phenomenon that spread across the Eastern seaboards as far as New York to Canada; Miami Beach vacationers, residents and condo owners in the South of Fifth Neighborhood have plenty of late summer/early Fall fun in the sun left to enjoy. Miami Beach’s endless rays of sun, white sand beaches and emerald water surfs never disappoint residents who continue to participate in the numerous festivals, daytime excursions, active and exciting nightlife and the lavish beach life offered in the city of Miami Beach.

It’s no wonder Miami Beach year-round is a top destination for families, friends, couples and the ever present tourists from countries near and far. The year-long tropical island atmosphere is a constant reminder to Miami Beach vacationers, second home buyers, residents and condo owners that the beach lifestyle is a hot commodity in the US, especially when the Northern cities are getting ready for their Fall and Winter months. With its oceanfront living and unlimited beach access, Miami Beach ranks as one of the top destinations for fall and winter getaways.

The South of Fifth Neighborhood in Miami Beach is dominated by such towering luxury waterfront buildings as Apogee, The Continuum on South Beach, The Murano Condos in Miami Beach, The Murano Grande, and Icon South Beach. All of these condo owners and residents are within either walking distance or a short ten minute cab ride to all of the Miami Beach attractions and events happening in September and October, 2011:

Late Summer Events in Greater Miami and Miami Beach:

Miami Beach Condo and Homeowner Events

Miami Spice 2011 - Continues through September 30. Take advantage of some amazing gourmet deals at some of the best restaurants in Greater Miami and Miami Beach. http://www.ilovemiamispice.com

Miami International Wine Fair - My personal favorite! Starts on September 23rd, the leading wine trade show begins showcasing over 1,500 wines from 20 of the world’s most established wine countries such as Spain, France, Italy, the United States, and Australia all on display for tastings and enjoyment at The Miami Beach Convention Center.

Butterfly Days at Fairchild - On September 24-25th explore the colorful and fantastic world of butterflies, featuring lectures and presentations throughout the weekend to learn about conservation, butterfly gardening, photography, butterfly tours and more.http://www.fairchildgarden.org/Events/?date=09-2011&eventID=502

Festival Miami – September 30th marks the annual music festival that opens the South Florida arts season presents between 25 to 30 concerts, master classes, and lectures over a five-week period. http://www.miami.edu/frost/index.php/festival_miami/

South Florida Dragon Boat & Moon Festival - This year’s festival on September 24, 2011 will be a land-only celebration featuring multicultural performances, Arts & Crafts, International Food Court and more.http://www.miamidragonboat.com/

Miami Jazz Film Festival - Begins September 29 featuring documentary films that focus on jazz and world music. Will feature jazz tributes, jazz documentaries, features and live concerts.http://www.wdna.org/

The South Beach Italian Film Festival – Starting October 6 will open with screenings, tributes, seminars and 10 new films in Italian with English subtitles at the Regal Cinema South Beachhttp://www.cinemaitaly.com/index2.php?idfestival=27

Miami Beach's Lincoln Road Antique Market - Returns October 9 for the winter season scheduled every 2nd and 4th Sunday of the month. Shop for antique items, gifts, jewelry, china, vintage clothing, furniture, and collectibles at this outdoor market. www.antiquecollectiblemarket.com/

Carnival Miami 2011 - Greater Miami presents Miami Broward One Carnival Sunday, October 9th. A Caribbean festival featuring costumed parades, Caribbean and international acts, food and drinks, arts and craft and fun for the entire family. http://www.miamibrowardcarnival.com/index.html

Art Basel Miami Beach - December 1-4, 2011 Get an early prep start now. One of the most prestigious art show in the United States returns to Miami. An exclusive selection of more than

250 leading art galleries from North America, Latin America, Europe, Asia and Africa will exhibit. http://www.artbaselmiamibeach.com/

Dining & Nightlife
The Dining Room (413 Washington Ave) is a Miami Beach bistro for libations and a variety of delicious small plates. Now offering Candlelit Dinner for 2 on Travel Zoo.http://www.diningroommiami.com

5 Napkins (455 Lincoln Road) a New York inspired burger joint on Miami Beach’s Lincoln Road serves burgers, shakes, sushi, salads, and comfort food like Mac and cheese and chicken soup. http://5napkinburger.com/


Escopazzo (1311 Washington Ave) This is another personal favorite of mine & many long-time Miami Beach Residents and Homeowners! A family owned restaurants with a friendly and attentive staff. Organic Italian cuisine restaurant in a Tuscan courtyard setting introduces "Small Plates and Wine Night" in their courtyard wine room. Prices for each plate begin at $9 while microbrews and wines by the glass go for $7.00. http://www.escopazzo.com/

Other Highlights
South of Fifth Dental
SoFi Dental Care & Orthodontics (115 Washington Avenue) a full-service dental office in Miami Beach offers new patient specials. Check them out here.http://:www.southbeachsmiles.com

The Miami Design Preservation League (1001 Ocean Drive) is offering scheduled tours and seminars. Visit for more details: www.mdpl.org

MiMo Tour of North Miami Beach - September 3rd, 9:30am $20. Tour start on the corner of 73rd and Collins. www.mdpl.org/tours/mimo-tour-of-north-beach

Mediterranean Revival Lecture - September 8th, 7pm
Shadows, Footprints, and Names: The Spanish Empire in North America
http://www.mdpl.org/events/special-events/

Gay & Lesbian Walking Tour - September 24th, 7pm $20
Tour starts at the Art Deco Welcome Center, especially tailored for the LGBT-oriented visitors to Miami Beach.www.mdpl.org/tours/gay-and-lesbian-walking-tour/

Miami Beach & Greater Miami Performances
Marc Anthony: September 16 @ 8pm American Airlines Arenawww.marcanthonyonline.com/
David Sedaris: November 1 @ 7:30pm. The Fillmore Miami Beachwww.barclayagency.com/sedaris.html
Jay Z & Kanye West November 25 @ 7:30pm, American Airlines Arenawww.watchthethrone.com/

 

Tags:  Continuum Miami Condominiums, South Beach Condos, miami beach condos, South of Fifth Condos

In the past ninety days, we have experienced near-record sales prices for several premier luxury waterfront condominiums in Miami Beach's South of Fifth District. It should be noted that the closest recent sales at both Continuum Condos North and South Towers were approximately $300/Sq.Ft. lower in price from the examples that I've cited below. So I'd like to provide a quick synopsis as to why these specific recent sales closed at near record-breaking prices of over $1,500 /Sq. Ft. at The Continuum in Miami Beach's South of Fifth District:

1. Completely turnkey condominiums with incredible Ocean and City Views.
2. Premier corner condos for added privacy (neighbors cannot look into most rooms from nearby buildings).
3. Professionally and tastefully decorated, with high quality contemporary finishes & neutral colors for overall broad appeal.
4. Oversized and multi-use walk-in contemporary kitchens with separate islands for eating, cooking, and/or entertaining guests.
5. Location - THE premier luxury condo property in Miami Beach's highly coveted South of Fifth District - with twelve acres of Oceanfront land and resort-caliber amenities.
6. True flow through floorplans providing both City and Ocean views and several terraces, with separate sliding door access from all bedrooms.

Example #1:
Continuum North Tower Condo #2704
Address: 50 S. Pointe Drive, Miami Beach, FL 33139
Description: 3 beds + 3 baths with 2,173 S.F. under A/C
Nestled at the end of Ocean Drive, Continuum soars above South Beach with sweeping views of the Atlantic Ocean, South Beach and the City of Miami. White stone floors, marble baths, chef's kitchen and spacious living areas.
Sales Price : $3,500,000 @ $1,611/S.F.

Continuum Miami Beach Condo View


Example #2:
Continuum North Tower #2105
Address: 50 S. Pointe Drive, Miami Beach, FL 33139
Description: 2 beds + 3 baths with 1,922 S.F. under A/C
Unique open floor plan surrounded with wraparound outdoor extra deep & spacious terrance overlooking the Ocean and City lights in the evening. master bedroom has own private balcony with open European kitchen and Miele Appliances. Great condo for entertaining guests and family, with a one of kind & custom floorplan.
Sales Price : $2,900,000 @ $1,509/S.F.

Miami beach condo views

The past ninety days of Continuum Closed Condo Sales:

Continuum Condos in Miami Beach Past Ninety Days Closed Sales
Sale DateMiami Beach AddressMiami Beach Condo List Price Living Area Sales Price SP$/SqFt
8/17/201150 S POINTE DR # 2105CONTINUUM THE NORTH TOWER $ 2,950,000 1,922 $ 2,900,000 $ 1,509
8/2/201150 S POINTE DR # 2202CONTINUUM ON SOUTH BEACH $ 4,052,0003,017 $ 3,700,000 $ 1,226
7/19/2011100 S POINTE DR # 2209Continuum $ 2,325,0002,122 $ 2,200,000 $ 1,037
7/8/201150 S POINTE DR # 2704CONTINUUM II $ 3,500,000 2,173 $ 3,500,000 $ 1,611
6/30/2011100 S POINTE DR # 1406Continuum on South Beach $ 3,750,0002,508 $ 3,400,000 $ 1,356
6/30/2011100 S POINTE DR # 2509CONTINUUM SOUTH TOWER $ 2,250,0002,122 $ 2,122,000 $ 1,000
6/27/201150 S POINTE DR # 2502CONTINUUM ON SOUTH BEACH $ 4,431,0003,017 $ 3,850,000 $ 1,276

 

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4 Articles Found

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