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South Florida – A Perfect SUNday
Another BEAUTIFUL SoFLa Day!
Which Florida Cities Will Rank As Most Expensive in 2009?
Last year, Forbes’ 500 most expensive zip codes list included 11 in Florida, including the number 1 most expensive zip, 33109 in Miami Beach, with a median sales price of $3,850,000! Miami Beach also ranked #369 with zip code 33154 which had a median home price of $745,900. The list was based on sales between July of 2007 and June 2008, so it will be interesting to see what changes this year’s list holds for Florida cities. Stay tuned, the list should be out in the next couple of months and I will post the results with a more detailed analysis.
South Florida is a Boater’s Paradise
South Florida is a boater’s paradise. Whether you prefer to sail or motor boat, the ocean, Intracoastal, or B
ay, boater’s are bound to find plenty to do. Be warned, Biscayne Bay has many flats that can pop up literally out of the blue, so read your charts to avoid running aground and damaging our fragile sea grass. Here is a partial list of both public and private marinas in Miami-Dade County.
North Miami Dade Marinas
Mystic Point Marina
Turnberry Isle Marina up to 180 feet
Waterways Marina up to 120′
Sunny Isles Marina
Bill Bird Marina at Haulover Park up to 90 feet
Pelican Harbor Marina up to 50 feet
Sunset Harbor Marina up to 150 feet
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.
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
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
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