Wish you were here?

Flamingo Plaza - 1051 Meridian Ave.

Today is the last day of Art Deco Weekend on Miami Beach.  Take advantage of our glorious Miami weather (Boston had a high of 26% yesterday)  and head to the beach to learn about our backyard.  Events and tours start at 10:00 a.m. so if you are a football fan, you still have plenty of time to tour and get home for the Patriot/Jets game at 4:30.  Or better yet, enjoy it at one of the many restaurant/bars, such as the Clevelander,  Big Pink or just about any other bar on the beach!

Direct Ocean View

This is not a view that you have to crane your neck to see, but rather the beautiful ocean and beach that is seen from every window in this updated 1 bedroom 1.5 bath at 5601 Collins Ave., in Miami Beach.  Walk along the beach during the day, then down the street to Don Shula’s Steakhouse.  Plenty of shopping nearby at Bal Harbour or hop in a cab for a short ride to the Fountainebleau

This gorgeous oceanfront development on 12 acres is a true vacation destination, even if you live here year round!  The Continuum, in Miami Beach’s South of Fifth neighborhood, currently consists of two condo towers and several lofts. The North Tower is 50 S Pointe Drive and the South Tower is 100 S Pointe drive.

The market information as of today for 2 bedroom units in each of the two towers is as follows:

• The average price per square foot for 2 bedrooms sold this year in 50 S Pointe is $ 716.  At 100 S Pointe the average is $652.

• 36 2-bedroom units currently for sale in Continuum (both towers)
• 17 in 50 S Pointe (2008)
• 19 in 100 S Pointe (2002)
• 4 are townhomes/lofts
• Highest list price is $3.299 million for a townhouse
• Lowest list price is $1,150,000 for unit 1901 at 100 S Pointe
• 9 2-bedroom units have sold this year in 50 S Pointe.   Highest sales price was for Loft-1.  It sold for $1,700,000, $732 per square foot, on 9/29.  The lowest sale was unit 805. It sold on Sept. 25 for $900,000 or $452 per square foot.  Highest per square foot price $838 for unit 1404.  Lowest price per square foot was unit 805 at $452.  There are currently no pending sales in 50 S Pointe.
• 10 2-bedroom units have sold this year in 100 S Pointe.  Highest price was unit 804 at $2,325,000 or $1014 per square foot.  Lowest was unit 605 at $940,000 or $502 per square foot.  Those are also the highest and lowest prices on a square foot basis.  There are two pending sales.  One is listed at $1034 per square foot the other at $931.

Miami Beach condo

The updated kitchen isn’t the only thing this 2 bedroom 2 bath condo has going for it.  It is two blocks to the beach, walking distance to shopping and restaurants, has ocean and city views, a ton of closet space, on public transportation route,  and internet, cable,  hot water and air conditioning are all included in the maintenance.  The building has a marina, gym, pool, and sauna.

• 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

• 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