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The Architecural Diversity of South Florida’s Real Estate
Old Spanish
One of the many things I enjoy about living in South Florida is it’s cultural diversity, but I never appreciated the architectural diversity until I started driving around taking pictures for this blog. Thanks to George Merrick, we have the Old Spanish style that graces Coral Gables and is sprinkled throughout South Florida. Our proximity to the Florida Keys resulted in Key West-style homes, though the ones in Miami-Dade County are significantly larger than the original Key West homes. In downtown Miami we have amazingly modern skyscrapers such as the Espiritu Santo Plaza/Conrad Hotel building, Four Seasons, and the Jade. Miami Beach, known for its Art Deco and Mimo architectural styles, also has modern, Miami-chic style homes, some of the most spectacular on Dilido, Rivo Alto, Palm, Star, or one of the other islands. What’s your architectural style? No matter what it is you can probably find it in South Florida.
Food Tasting and Entertainment at 7th Annual Taste of Pinecrest at Pinecrest Gardens
The 7th Annual Taste of Pinecrest returns to Pinecrest Gardens on Sunday, March 8, 2009, beginning at 11 a.m. With more area businesses, more food variety and amazing entertainment from our local students, this year promises to be a delicious outdoor adventure for the whole family. All the proceeds from this event will go directly to Pinecrest’s five public schools: Pinecrest Elementary, Howard Drive Elementary, Palmetto Elementary, Palmetto Middle School, and Miami Palmetto Senior High.
Participating restaurants include: A Joy Wallace Catering Production, Cold Stone Creamery, Crepe Maker, Dream Dinners, Juiceblendz, Kaliapy, Los Ranchos, Roasters and Toasters, Two Chefs and more. In addition to the food, there will be rides and attractions as well as an art exhibit by local school students.
Admission to the event is free. Food tastings will range from $2-$5 and wristbands for unlimited rides can be purchased for $10.
For further information, contact the Pinecrest Business Association .
Key Biscayne, Florida Real Estate Update January 2009
Single Family Homes
- Total single family sales in January 2009: 0
Pending Sales: 3 total, none of which are water front
Active: 140 of which 27 are water front
Price Range for Active: Non-Water: $5,450,000 – $950,000 Water front: $19,900,000 – $2,925,000
Condos – Closed Sales
- Total condos sales in January 2009: 7
- Highest Sales Price: $1,835,000 for a 3,120 square foot unit in Casa del Mar
- Lowest Sales Price: $460,000 for a 1,600 square foot unit in Key Colony
- 5 of the sales were in water front buildings
Pending Sales: 16 total, 12 of which are in water front buildings.
Active: 378 of which 261 are in water front buildings
Price Range for Active: Non-Water: $2,900,000 – $90,000 (to be sold at auction) Water front: $7,800,000 – $245,000
Miami Beach, Florida Real Estate Update January 2009
Single Family Homes
- Total single family sales in January 2009: 4
- Highest Sales Price: $825,000 for a 2,514 square foot home built in 1936 on a 7,700 square foot lot
- Lowest Sales Price: $413,126 for a 1,776 square foot duplex on a 8,580 square foot lot.
- 1 of the sales was a water front property
Pending Sales: 33 total, 9 of which are water front
Active: 467 of which 209 are water front
Price Range for Active: Non-Water: $9,950,000 – $174,900 Water front: $25,000,000 – $499,900
Condos – Closed Sales
- Total condos sales in January 2009: 83
- Highest Sales Price: $7,600,000 for a 4,784 square foot unit in the Murano Portofino
- Lowest Sales Price: $37,700 for a 701 square foot bank-owned foreclosure
- 60 of the sales were in water front buildings
Pending Sales: 312 total, 196 of which are in water front buildings.
Active: 3,661 of which 2,584 are in water front buildings
Pinecrest, Florida Real Estate Update January 2009
Single Family Homes
- Total single family sales in January 2009: 10
- Highest price: $1,750,000
- Lowest price: $261,000 for a bank owned foreclosure
Pending Sales: 23
Active: 294 Highest price: $6,499,000 Lowest price: $299,900 bank owned foreclosure
Condos – Closed Sales
- Total condos sales in January 2009: 0
Pending Sales: 23
Active: 33 Price range: $1,150,000 – $99,000
Coral Gables, Florida Real Estate – Annual Market Summary 2008
Single Family Homes
- 2% increase in sales of single family homes from 2007 to 2008.
- Total sales of single family homes increased from 318 in 2007 to 325 in 2008.
- If you average the number of homes sold in the last quarter of 2008, there is still a 23 month supply of single family homes for sale in Coral Gables.
Condos
- The number of sales of condos decreased 19% from 2007 to 2008 from 141 to 114.
- There is 37 month inventory of condos.
- The median price in December 2008 was $250,000 down from $1,005,000 in December 2007.
Miami Beach, Florida Annual Real Estate Update for 2008
Single Family Homes
- Total single family sales in 2008: 116
- Highest Sales Price: $13,100,000 for a 10,000 square foot home built in 1936 on a 32,000 square foot waterfront lot
- Lowest Sales Price: $200,000 for a 1,261 square foot duplex on a 2,499 square foot lot. Bank-owned foreclosure.
- 54 of the sales were water front properties
Condos
- Total condos sales in 2008: 1,303
- Highest Sales Price: $12,360,000 for a 8,900 square foot unit on Fisher Island
- Lowest Sales Price: $39,000 for a 711 square foot bank-owned foreclosure
- 914 of the sales were in water front buildings
Key Biscayne, Florida Annual Real Estate Summary 2008
Single Family Homes
- Total single family sales in 2008: 37
- Highest Sales Price: $7,500,000 for a 6,369 square foot home built in 1991 on a 16,271 square foot water front lot on S. Mashta
- Lowest Sales Price: $817,900 for a 1,763 square foot 7,500 square foot lot. Bank-owned foreclosure on Cranwood.
- 6 of the sales were water front properties
Condos
- Total condos sales in 2008: 161
- Highest Sales Price: $8,550,000 for a 6,700 square foot unit in Ocean Club
- Lowest Sales Price: $220,000 for a 610 square foot unit in the Key Islander
- 9125 of the sales were in water front buildings
Calling All Miami Palmetto Senior High Alumni
will be celebrating its 50th birthday the weekend of October 17, 2008. If you attended Palmetto or are a current student, save the date and please update your information so the alumni committee can keep you informed of all of the upcoming events and special dedications.
Coral Gables Commuter-Friendly Neighborhood
I wrote a blog the other day about walkable neighborhoods in Miami-Dade County and decided to blog about each neighborhood in more detail. The first neighborhood on my list was Coral Gables, also known as the City Beautiful.
The Gables, as it is known to most residents, stretches into south Miami-Dade County and runs parallel to 
the village limits of Pinecrest and Palmetto Bay, so not all parts are convenient to walk to shops, restaurants, entertainment and work, if you happen to work in the Gables. However, using a combination of the City’s hybrid-electric trolley, which runs along Ponce de Leon between the Douglas Metro Rail station and 8th Street, Metro Rail and bus routes you can get to downtown Coral Gables, the University of Miami and downtown Miami from just about anywhere in the Gables using public transportation.
According to a study by the University of Florida about consumer confidence, gas prices are a big reason that consumer confidence has hit a 16-year low. Should you be considering a move, think about where most of your driving takes place (to and from work, children’s activities, pursuing hobbies and interests) and take this into consideration when you look at different neighborhoods and homes within them.
Do you live in an area of Coral Gables and walk or use public transportation? If so, please share your commuting experience.
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