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Tags:  Miami Beach Homes, miami beach condos, south beach real estate, Miami Beach Real Estate

Miami Beach Luxury Homes Sales Update

In the past sixty days, there have been a total of twelve single family luxury homes sold in Miami Beach (closed sales over $1 Million). This represents an astounding 2000% sales volume increase in luxury homes sold from the same period in 2010! In just sixty days, over $58,000,000 (that's over Fifty Eight Million Dollars!) in Miami Beach single family homes sold in zip codes 33139, 33140, and 33140 versus just over $18,000,000 (Eighteen Million) for the exact same period last year.

Miami Beach Real Estate

The National S & P/ Case-Shiller Home Price national data was just released, which showed the first signs of a national turn in housing. Our thesis for the past two years has continued to become more widespread - the overall lack of new construction in over five years is slowly drawing down the unsold inventory that accumulated during the real estate market downturn. Buyer demand for Miami Beach's the luxury housing market has been driven mostly by high net worth Foreign Buyers (especially Latin American and Eastern Europeans) as well as Northeastern "snowbird" clientele. We're also seeing the strongest demand in years for luxury condos in South Beach's South of Fifth waterfront condo buildings- such asThe Murano at Portofino, The Continuum on South Beach, Apogee, Icon, etc. I'll elaborate more on these Foreign Buyers, who are driving demand for Miami Beach luxury real estate (especially in South Beach's highly coveted Condo market) in our next Blog post.

Below are the actual sales comparisons between 2010 and 2011 of closed single family home sales ($1 Million and over) in Miami Beach for Zip Codes 33139, 33140, and 33141:

Miami Beach Closed Home Sales 2010 (September & October)
Closing DateMiami Beach Home Living Area Sales Price
9/13/20105245 PINETREE DR7,595 $ 5,250,000
10/20/2010441 E RIVO ALTO DR2,871 $ 1,800,000
10/27/20101 PALM AV3,449 $ 3,250,000
9/23/2010216 PALM AV2,994 $ 2,425,000
10/23/20101440 W 21 ST $ 1,600,000
10/20/20108 FARREY LN2,464 $ 700,000
9/14/20101165 N SHORE DR3,000 $ 1,072,500
10/27/20104445 N ADAMS AV4,446 $ 1,235,000
10/15/2010725 W 50 ST2,446 $ 1,025,000
Total Miami Beach Home Sales $18,357,500

Miami Beach Closed Home Sales 2011 (September & October)
Closing DateMiami Beach Home Living Area Sales Price SP$/SqFt
10/10/20115328 N BAY RD6,300 $ 5,435,000 $ 863
10/10/20115785 PINETREE DR10,000 $ 1,900,000 $ 190
10/5/20114580 N BAY RD13,186 $ 15,000,000 $ 1,138
9/30/20117841 COLLINS AV5,547 $ 2,510,000 $ 452
9/29/20116400 PINETREE DR CR4,860 $ 2,100,000 $ 432
9/27/201194 LA GORCE CR15,101 $ 11,600,000 $ 768
9/26/20112068 N BAY RD5,236 $ 4,000,000 $ 764
9/16/201168 LA GORCE CR6,190 $ 6,500,000 $ 1,050
9/9/2011101 W DILIDO DR3,344 $ 1,480,000 $ 443
9/9/20111730 W 23 ST5,962 $ 5,600,000 $ 939
9/2/2011306 S HIBISCUS DR2,677 $ 1,900,005 $ 710
Total Miami Beach Home Sales $ 58,025,005

 

Tags:  Art Basel Miami Beach, Miami Beach Events, south beach real estate, south beach events

Miami Beach Real Estate owners, visitors, and residents are getting ready for peak season tourism- which is right around the corner, commencing in mid-November! Miami Live Music Month runs through the entire month of November, and also marks the prelude to the Miami Beach Art season. This month’s Miami Beach events set the stage for upcoming concert performances, art fairs and the highly anticipated Art Basel Miami Beach week in December. Visitors to Miami Beach will appreciate the upcoming music festivals and events from bands and artists from all over the country.

Miami Beach Real Estate

This is the time of year that Internationally-focused Real Estate Agents / Brokers, such as TheKleerTeam & Fortune International, take advantage to promote Miami Beach real estate. The wealthy national & international visitors come to our tropical oasis to enjoy the variety of concerts, festivals, family events, and nightlife activity and that's what makes living in Miami Beach (and most especially South Beach) so special!


FEATURED MIAMI BEACH MUSIC MONTH EVENTS

Music lovers on Miami Beach can enjoy the hottest live bands playing rock, jazz, blues, R&B, hip-hop, Caribbean reggae, Latin grooves, bossa nova and more. Miami Beach's multicultural and latin american vibe makes the city a perfect destination for the popular live music scene. The Miami Music Featival will feature performances from a wide variety of genres with artists and bands from Florida, across the U.S. and all over the world.
www.livemiamimusic.com/


Autumn Music Festival 2011
A three day camping event and free electronic festival in downtown Miami. Featuring a line-up of city and nationwide bands and DeeJays.
http://autumnmusicfestival.com/


Sleepless Nights Miami Beach
Thousands of cultural enthusiasts will take over the vibrant streets and sands of Miami Beach for this unique all-night experience during Sleepless Night. The festival features 150 free performances, exhibitions and other cultural offerings at 80 locations spread throughout Miami Beach and the city and the 13-hour night that marks the end of Daylight Savings Time.
http://SleeplessNight.org


NASCAR Live Music Event
The Lummus Park, Miami Beach event will feature a live musical showcase and entertainment presented by NASCAR to thank fans as the racing season comes to a close.
http://www.Nascar.com


Bayside Rocks Festival
Greater Miami will welcome Miami Beach residents and visitors to the downtown area for a special tribute to the life of Honorable Nesta Robert'Bob' Marley and 50 years of Wailers music. Also includes world music headliners from the Caribbean such as Bunny Wailer, Luciano, Tabou Combo, Cultura Profetica, Gondwana, Warrior King, Pato Banton, Connis Vanterpool and The Original Wailers, as well as other rising talent.
http://www.baysiderocksfestival.com


BLEAU LIVE Presents: Ricky Martin
Miami Beach Fountainbleau Hotel welcomes Ricky Martin performing live at one of Miami Beach's most exlcusive and popular nightlife venue.
http://www.Fontainebleau.com

Sun Life Stadium Music Festival Presents
For Greater Miami and Miami Beach resident, Sun Life Stadium presents the final Black Eyed Peas show for 2011 which features Marc Anthony, Cee Lo Green, Flo Rida, Jason Derulo, Sean Kingston and more.
http://www.SunLifeStadium.com

Live Music Venues on Miami Beach: The Clevelander www.clevelander.com/

The Setai Residences & Hotel: http://www.thekleerteam.com/Condos/Setai-South-Beach.htm

The Betsy Hotel: www.thebetsyhotel.com

Jazid: www.jazid.net/

The Florida Room at the Delano Hotel : www.delano-hotel.com

Dining & Event Updates on Miami Beach

Yardbird Southern Table & Bar (16th Street & Lenox Ave) A Southern Table & Bar restaurant on Miami Beach that serves classic Southern cooking, culture and hospitality, officially opened on October 3rd.www.runchickenrun.com

The South Beach Wine & Food Festival (February 23-26th, 2012) schedule of events have been published. Tickets go on sale October 24th.http://2012.sobefest.com/

The Tudor House is offering "Just Like Spice" until October 31st. A prix fixe 3-course lunch menu for $22 and a 3 course dinner menu for $35.00. www.tudorhousemiami.com/

The River Oyster House in Miami (650 South Miami Avenue) is reviewed by Miami New Times: http://www.miaminewtimes.com/2011-10-13/restaurants/the-river-seafood-oyster-bar-keeps-flowing/

The South Florida Auto Show returns on October 28 until October 31st at the Miami Beach Convention Center.
www.sfliautoshow.com/

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


Performances

Euphoria Tour featuring Enrique Iglesias October 22nd @ 7:30pm, American Airlines Arena
www.enriqueiglesias.com/

The Addams Family MusicalOctober 25-30th @ 8pm, Ziff Ballet Opera House @ the Arsht Center.
www.theaddamsfamilymusical.com/

David Sedaris November 1 @ 7:30pm, The Fillmore Miami Beach
www.barclayagency.com/sedaris.html

Jazz Meets Gershwin November 4 @ 8pm, Adrienne Arsht Center
www.arshtcenter.org

Taylor Swift November 13 @ 7pm, American Airlines Arena
www.taylorswift.com/

Jay Z & Kanye West November 25 @ 7:30pm, American Airlines Arena
watchthethrone.com/

Idina Menzel December 3 @ 8pm, Knight Concert Hall @ The Arsht Center
www.idinamenzel.com/

Janet Jackson December 5 @ 9pm, The Fillmore @ The Jackie Gleason Theater
www.janetjackson.com/

 

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

Miami Beach Condos- Seven Days Closed Sales Stats

Miami Beach Condos

As we begin the fourth quarter of 2011, we are continuing to see incredibly strong demand for Miami Beach waterfront condos. In Miami Beach's South of Fifth neighborhood, my team and I do not detect any slowdown in sales momentum. Despite a much lower condo listing inventory in Miami Beach's South of Fifth neighborhood, there continues to be strong buyer activity and demand. The snapshot of Miami Beach's condo stats below shows closed sales of the past SEVEN days for Miami Beach condos. This represents condos sold for above $500,000 for zip codes 33139, 33140, and 33141. The seven days closed sales average of listed & sold condo prices are highlighted at the very bottom of this blog post. I previously highlighted the past ninety days of Miami Beach condos closed sales, which makes this seven day sales snapshot (during Miami Beach's "low" Fall season) particularly impressive!

In Miami Beach's South of Fifth condo market, I've highlighted the latest Continuum South Beach three bedroom direct oceanfront condo sale which closed for $1,400/S.F. The physical address of this condo is located at 100 South Pointe Drive #3004, Miami Beach, 33139. This latest Continuum condo sale represents a premium of 10% ABOVE the average closed sales prices. There are two other IDENTICAL condos that sold in April, 2011 (#1103 and #3204) for an average price of $3,060,000. For both homes and condos, this trend is another example of the strength, and continuing price recovery, of Miami Beach's real estate market.

Miami Beach Condos- Seven Days Closed Sales- October, 2011
Sale DateMiami Beach AddressMiami Beach Condo Living AreaSales PriceSP$/SqFt
10/10/2011100 S POINTE DR # 3004CONTINUUM ON SOUTH BEACH2,508 $ 3,495,000 $ 1,394
10/7/20116899 COLLINS AV # 2604Canyon Ranch North Tower2,150 $ 2,053,250 $ 955
10/7/201150 S POINTE DR # 1907CONTINUUM NORTH TOWER1,486 $ 1,700,000 $ 1,144
10/11/20112201 Collins Ave # 1414W South Beach Residences1,151 $ 1,850,000 $ 1,607
10/7/20111445 16 ST # B101CAPRI SOUTH BEACH1,699 $ 1,088,000 $ 640
10/5/20115875 COLLINS AVE # PH6MEI CONDOMINIUM1,707 $ 1,000,000 $ 586
10/10/20114779 COLLINS AV # 1802BLUE DIAMOND1,530 $ 890,000 $ 582
10/6/2011400 S POINTE DR # 1110SOUTH POINTE TOWERS1,559 $ 860,000 $ 552
Seven Days Closed Average:Living Area S.F : 1,724 Price: $ 1,617,031 $/SF: 932

 

Tags:  portofino condos south beach, apogee condos, Continuum South Beach, miami beach condos, South Beach Condos, murano condos miami beach, miami beach real estate sales, South of Fifth Condos

Miami Beach Condo Sales Latest Update

I'm providing our readers the latest sales update for Miami Beach condos that have been sold over the past ninety days for a minimum of $500,000 and above. A few highlights from the Miami Beach condos sales data at the bottom of this post:

- We're witnessing the most active luxury condo market in over five years. The number of closed sales transactions has jumped almost 20%!

- Nearly 70% of purchases / Miami Beach condos closed sales were cash transactions. High end condo sales defined the market, all price indicators jumped in this subsection of the overall Miami Beach condo market.

- The majority of purchasers can be divided into two groups- High net worth foreign buyers and high net worth buyers from the Northeastern U.S. (primarily New York metropolitan area).

- The average price per square foot has increased dramatically for high demand waterfront luxury condo buildings in the premier areas of Miami Beach, such as the South of Fifth neighborhood and in select Oceanfront luxury buildings.

The average sales price (per square foot) for these specific ultra-luxury South Beach condos buildings are listed below. Sales data is based on year-to-date Miami Beach condos closed sales of over $1 Million Dollars:

South of Fifth Specific Condo Buildings

Apogee South Beach Condos: $1,713 / S.F. (Average Sales Price = $7,174,000)
The Continuum on South Beach (North and South Towers): $1,404 / S.F. (Average Sales Price = $5,056,000)
The Murano at Portofino: $853 / S.F. (Average Sales Price = $2,166,000)
Icon South Beach: $744 / S.F. (Average Sales Price = $1,860,000)
The Murano Grande: $694 / S.F. (Average Sales Price = $1,727,100)
The Portofino Tower Miami Beach: $628 / S.F. (Average Sales Price = $1,413)

Miami Beach's Boutique Ultra-Luxury Condo Building on Ocean Drive:
The Il Villaggio South Beach: $1,025 / S.F. (Average Sales Price = $2,037)

Miami Beach Condo Sales 2011

Miami Beach Condos Sold (Past Ninety Days Closed Sales)

Miami Beach Condos Sold (Past Ninety Days)
Sale DateMiami Beach AddressMiami Beach Condo List Price Living Area Sales Price SP$/SqFt
10/3/201120 ISLAND AV # 514BELLE PLAZA CONDO$569,0001,372$540,000$394
10/3/20116365 COLLINS AV # 3308AKOYA$530,0001,322$530,000$401
9/30/2011101 20 ST # 2001Setai$1,150,0001,198$1,105,000$922
9/30/2011730 3 ST # 201Armitage Place$890,0002,290$780,000$341
9/29/2011400 ALTON RD # 2206Murano Grande$1,525,0002,024$1,418,000$701
9/29/201150 S POINTE DR # 1606Continuum North$1,645,0001,698$1,500,000$883
9/28/20116515 COLLINS AV # 1402Bel-Aire$599,0001,141$579,150$508
9/27/20112201 COLLINS AV # 514W South Beach Residence$1,630,0001,151$1,590,000$1,381
9/27/20115875 COLLINS AV # 1907MEI$600,0001,323$565,000$427
9/27/201150 S POINTE DR # 2205Continuum North Tower$2,300,0001,862$2,300,000$1,235
9/26/201190 ALTON RD # 3010YACHT CLUB AT PORTOFINO$799,0001,090$710,000$651
9/26/2011101 20 ST # 2007Setai$2,550,0001,279$2,300,000$1,798
9/22/20111413 SUNSET HARBOUR DR # 604sunset harbour th$995,0003,000$882,500$294
9/22/20116580 INDIAN CREEK DR # PH601Regatta$749,0001,768$670,000$379
9/21/20114775 COLLINS AV # 2102GREEN DIAMOND$1,050,0001,530$870,000$569
9/21/20115151 COLLINS AV # 924seacoast condo$620,0001,360$580,000$426
9/20/20111000 VENETIAN WY # 1904ONE THOUSAND VENETIAN$724,5001,720$749,900$436
9/20/20112555 COLLINS AV # 1209CLUB ATLANTIS$549,0001,034$527,500$510
9/20/201111 ISLAND AV # 1812Costa Brava$535,0001,917$500,000$261
9/19/2011100 S POINTE DR # 2909Continuum on South Beach$24,000,0002,122$2,300,000$1,084
9/17/2011800 S POINTE DR # 2101APOGEE$8,395,0004,154$7,500,000$1,805
9/16/20116899 COLLINS AV # 2204Canyon Ranch$2,200,0002,150$1,855,250$863
9/16/2011400 S POINTE DR # 1401SOUTH POINTE TOWER$775,0001,165$775,000$665
9/15/20114401 COLLINS AV # 1206FONTAINEBLEAU II/ TRESOR$559,0001,002$537,500$536
9/14/201150 S POINTE DR # 2302CONTINUUM ON SOUTH BEACH$5,300,0003,017$5,000,000$1,657
9/13/2011320 MERIDIAN AV # 320320 Meridian$695,0001,765$610,000$346
9/12/2011100 S POINTE DR # 701Continuum, South Tower$1,600,0001,591$1,500,000$943
9/12/20111100 WEST AV # 1426Mondrian South Beach$725,0001,088$655,000$602
9/12/2011220 21 street # 402BOULAN SOUTH BEACH$799,000996$725,000$728
9/11/2011100 S POINTE DR # 3502Continuum on South Beach$1,895,0001,791$1,800,000$1,005
9/9/201190 ALTON RD # 2011YACHT CLUB AT PORTOFINO$650,0001,130$640,000$566
9/8/20113801 COLLINS AV # 1505MOSAIC$895,0001,525$830,000$544
9/7/20111 CENTURY LN # 401THE VISTAS CONDOUNIT.$875,0002,140$825,000$386
9/6/201111 ISLAND AV # 110201Costa Brava Condo$1,200,0003,834$900,000$235
9/6/2011101 20 ST # 1805THE SETAI$850,000821$700,000$853
9/6/20116103 AQUA AV # PH2Aqua Allison Island$755,0002,318$830,000$358
9/5/20116801 COLLINS AV # C305CANYON RANCH CONDO$1,200,0001,285$1,200,000$934
9/3/2011155 N SHORE DR # 155-5Avanti Townhomes$599,9002,366$525,000$222
9/2/20113801 COLLINS AV # 602MOSAIC$895,0001,507$850,000$564
9/1/20114779 COLLINS AV # 3701BLUE & GREEN DIAMOND COND$1,499,0001,980$1,350,000$682
9/1/20112201 COLLINS AV # 907W South Beach$710,000574$640,000$1,115
8/31/20116103 AQUA AV # 105Aqua$775,0002,338$660,000$282
8/31/201190 ALTON RD # 911Yacht Club$549,0001,130$515,000$456
8/30/20116365 COLLINS AV # 3302AKOYA$699,0001,392$650,000$467
8/30/20115757 COLLINS AV # 1905L'EXCELLENCE$880,0001,980$650,000$328
8/30/201110 VENETIAN WY # 1404Grand Venetian$750,0001,477$600,000$406
8/30/20116767 COLLINS AV # TS2205THE STERLING$699,0002,160$660,000$306
8/30/2011401 JEFFERSON AV # 4The Jefferson$595,0001,259$575,000$457
8/29/20111100 WEST AV # 1516Mondrian$745,0001,190$675,000$567
8/29/20112201 Collins Ave # 1007W South Beach Residences$790,000574$790,000$1,376
8/26/2011800 S Pointe # 1001Apogee$7,500,0004,154$6,800,000$1,637
8/24/20112301 COLLINS AV # 907RONEY PALACE$645,0001,230$550,000$447
8/24/20115959 COLLINS AV # 1402Bath Club$2,299,0002,572$2,075,000$807
8/23/20116899 COLLINS AV # 1709CANYON RANCH$575,000820$575,000$701
8/23/20116899 COLLINS AV # N1807CANYON RANCH$1,490,0001,565$1,490,000$952
8/23/20114400 COLLINS AVENUE # 2412FONTAINEBLEAU II/TRESOR$685,0001,002$625,000$624
8/22/20114779 COLLINS AV # 1801BLUE DIAMOND CONDO$1,260,0001,980$1,165,000$588
8/21/2011401 JEFFERSON AV # 3The Jefferson$575,0001,256$565,000$450
8/17/201150 S POINTE DR # 2105CONTINUUM THE NORTH TOWER$2,950,0001,922$2,900,000$1,509
8/16/20116515 COLLINS AV # 1709Bel-Aire on the Ocean$599,0001,128$552,500$490
8/16/20114441 COLLINS AV # 2811Fontanebleau II$729,0001,002$665,000$664
8/15/2011834 Ocean Drive # 402CASA GRANDE$750,000900$660,000$733
8/12/20115959 COLLINS AV # 1501The Bath Club$1,350,0002,059$1,215,000$590
8/11/20112201 Collins Ave # UPH 3W South Beach$6,500,0002,428$5,200,000$2,142
8/11/20112301 COLLINS AV # 808Roney Palace$525,0001,230$510,000$415
8/10/20114775 COLLINS AV # 3301Green Diamond$2,700,0005,520$2,700,000$489
8/9/20115875 COLLINS AVE # 1403MEI CONDOMINIUM$876,0001,148$770,000$671
8/9/20117330 OCEAN TER # 1902ST TROPEZ OCEAN CONDO$639,9001,680$600,000$357
8/5/2011100 JEFFERSON AV # 10021COURTS AT SOUTH BEACH$1,450,0002,620$1,300,000$496
8/4/20111000 VENETIAN WY # 5081000 VENETIAN WAY$559,0001,370$535,000$391
8/4/2011650 WEST AV # 911THE FLORIDIAN$599,0001,147$565,000$493
8/4/20111330 WEST AV # 2902The Waverly$630,0001,262$585,000$464
8/4/20116301 COLLINS AV # TS5LA GORCE PALACE$790,0001,440$735,000$510
8/3/2011100 LINCOLN RD # 748DECOPLAGE CONDOMINIUM$750,0001,190$740,000$622
8/3/2011400 S POINTE DR # 603SOUTH POINTE TOWER$895,0001,271$800,000$629
8/3/20115959 COLLINS AV # 1501The Bath Club$1,350,0002,059$1,215,000$590
8/2/2011221 JEFFERSON AV # 14ILONA CONDOMINIUM$619,0001,079$585,000$542
8/2/20114775 COLLINS AV # 1404Green Diamond$674,9001,490$644,000$432
8/2/201150 S POINTE DR # 2202CONTINUUM ON SOUTH BEACH$4,052,0003,017$3,700,000$1,226
8/2/2011520 WEST AV # 702Bentley Bay$495,0001,499$510,100$340
8/1/20111455 OCEAN DR # 1003Il Villaggio Condominium$2,169,0001,550$1,750,000$1,129
7/29/20115151 COLLINS AV # 733SeaCoast 5151 Condo$534,9001,350$541,000$401
7/28/20115025 COLLINS AV # 2308Capobella$1,190,0001,870$1,020,000$545
7/28/20115025 COLLINS AV # 805Capobella$1,500,0002,060$1,250,000$607
7/28/20115025 COLLINS AV # 1202Capobella Condominium$675,0001,350$675,000$500
7/26/20115959 COLLINS AV # 704The Bath Club$2,595,0003,982$2,375,000$596
7/25/20115959 COLLINS AV # 3002THE BATH CLUB$6,900,0005,700$5,700,000$1,000
7/25/201190 ALTON RD # 1012YACHT CLUB AT PORTOFINO$488,9001,130$510,000$451
7/22/2011221 JEFFERSON AV # 5ILONA CONDO$599,0001,248$565,000$453
7/20/20116101 AQUA AV # 903GORLIN AT AQUA$660,0001,862$600,000$322
7/20/2011101 20 st # 3108The Setai$2,580,0001,141$2,600,000$2,279
7/19/20116103 AQUA AV # 602SPEAR AT AQUA$599,0001,755$550,000$313
7/19/2011100 S POINTE DR # 2209Continuum$2,325,0002,122$2,200,000$1,037
7/19/2011110 WASHINGTON AV # 2217THE COSMOPOLITAN$549,9991,287$550,000$427
7/18/20116365 COLLINS AV # 1103AKOYA CONDO$950,0001,761$920,000$522
7/14/2011101 20 ST # 3006Setai$2,200,0001,316$1,900,000$1,444
7/14/2011400 S POINTE DR # 1009SOUTH POINTE TOWER COND I$779,9001,279$772,500$604
7/13/20116899 COLLINS AV # 810CANYON RANCH$590,0001,280$590,000$461
7/12/2011101 20 ST # 2801Setai$1,990,0001,198$1,700,000$1,419
7/8/2011300 S POINTE DR # 1501PORTOFINO TOWERS$1,690,0002,340$1,625,000$694

 

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4 Articles Found

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