Category: Renting in Miami

Things you need to know if you are renting

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Renting in Miami

Miami Rentals Still Plentiful, Depending What You Are Looking For

miami rentalsI have had several customers moving to Miami wonder where all the cheap rentals they are reading/hearing about are?  There are still plenty of rentals in the downtown Miami area, but that is a generalization.  Most renters are looking for a specific type of building, location, price range etc., all of which are limiting factors.  One of my clients wanted a 3 bedroom 2 bath and her specifications meant there were only two available rentals.

Here is what is available in the MLS  if you are looking in the Brickell/Coconut Grove area for unfurnished condos built since 1990:

  • There are 24 three bedroom two (or more) bath units ranging in price from $2,500 up to $8,000
  • There are 47 two bedroom two (or more) bath units ranging in price from $1,650 up to $7,500
  • There are 67 one bedrooms for rent ranging in price from $1,300 – $5,500

You would be surprised by how much your specifications will either shrink or increase the availability of rentals in the Miami area.

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Aventura Buying Renting in Miami Restaurants Things To Do

10 Things I Love About Aventura

  1. Laurenzo’s Italian Center – Whether you are a gourmet cook and want amazing Italian ingredients or want something already prepared, you will enjoying cruising up and down the isles of this well-known local gourmet supermarket.
  2. Founders Park – Located on a 12-acres site, this park has something for everyone.  Tennis, ball fields, exercise trails, picnic shelters and a splash park for the kids (residents get into splash park free with id, non-residents pay $10).
  3. Size/Value of condos.  If you are renting or selling, you can usually find a larger condo in Aventura than you could in Brickell or Miami Beach, and usually for less.  Search for yourself.
  4. Location:  Close to Ft. Lauderdale, Miami,(and their respective airports and ports) and just a jump to the beach
  5. Boating
  6. Don Soffer exercise trail- this 3 mile loop is perfect for running, walking the pets, or taking an evening stroll
  7. The Farimont Turnberry Golf and Country Club – in addition to having a world class spa and golf course, the restaurants are also amazing.
  8. William’s Island – this enclave of homes, condos, and town homes, all surrounded by water, includes its own private club and is a relaxing jewel of a community, close to everything in Aventura, including a Fresh Market.
  9. Proximity to Gulfstream Park – What a great way to spend the day.  If watching the horse races isn’t your thing, at least stop by and watch the beautiful animals parade around the courtyard prior to each race, then take off and go eat, shop or dance, at one of the many venues.
  10. Mo’s Bagel and Diner – My Dad is a New Yorker who hasn’t lived there since he was born, but it’s in his blood, and Mo’s makes him feel like he is back there.

If I were a shopper, I would add the Aventura Mall.  I personally can’t stand shopping, but this mall is amazing.  It is large, clean and has such a variety of stores.  If you can’t find what you are looking for here, you probably don’t need it.

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Buying Renting in Miami

100 Edgewater Drive – Water's Edge Condominium

This low-rise garden condominium is located on the Coral Gables Waterway.  It is ideally situated between Coconut Grove, South Miami, and downtown Coral Gables, making it popular with young professionals, students and retirees alike.   The units are spacious and feature ample closet space.  Rentals range from $900-$1100 for one bedrooms and $1500-$1800 for two bedrooms.  One bedrooms list for sale in the mid to high $100,000 and the two bedrooms are in the $200,000.  Low maintenance fees and a stable association are additional benefits. pool

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Buying Renting in Miami

100 Edgewater Drive – Water’s Edge Condominium

This low-rise garden condominium is located on the Coral Gables Waterway.  It is ideally situated between Coconut Grove, South Miami, and downtown Coral Gables, making it popular with young professionals, students and retirees alike.   The units are spacious and feature ample closet space.  Rentals range from $900-$1100 for one bedrooms and $1500-$1800 for two bedrooms.  One bedrooms list for sale in the mid to high $100,000 and the two bedrooms are in the $200,000.  Low maintenance fees and a stable association are additional benefits. pool

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Buying Investment Real Estate Renting in Miami Selling

Miami Real Estate – Lots Of Movement In All Directions

The 2010 real estate market has started out all over the place, both nationally and locally.  On a national level, the lousy weather has had a negative effect on the new home segment, with construction on new homes and apartments falling 4% overall in December (construction rose in the South by over 3%).  Applications for new building permits, however, increased by 11%.

Locally, the market has been moving a lot, keeping buyers, sellers, renters, and Realtors, on their toes.   There are constant price adjustments on properties already listed, both upward and downward; properties priced well are going under contract (last week the EWM office in Coral Gables that I work out of had $21,000,000 worth of transactions) and renters are snapping up deals as downward pressure on rents, especially in condos, has given tenants more negotiating room.

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Buying Renting in Miami

Miami Real Estate – Should You Continue Renting Or Buy A Home?

Many economists are predicting a significant hike in home prices over the next 5 years, so if you are a renter who has been debating on whether or not now is the right time to buy, you may want to take a close look at the numbers.  In her article, Ten Cities To Go From Renting To Buying, Francesca Levy states that although renting isn’t always cheaper than buying in the ten cities mentioned in the article, home buyers are likely to get a good return on their investment.

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Renting in Miami

Rental Vacancies Rise, Rents Drop

According to CNNMoney.com the national vacancy rate for rental apartments rose to 8% at the end of 2009 up from 6.7% a year ago.  High vacancy rates translate into lower rents, so if you are getting ready to go into a lease or renew your existing one, negotiate the price.  Keep in mind that many corporate landlords will not want to decrease the monthly rent because it hurts their books, but they will throw in a free month’s rent or some other benefits/improvements, that will bring your effective rent down.

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Renting in Miami

Deering Bay Rentals Are A Great Way to Spend the Winter

This was today’s weather report for the Midwest.  While they were shoveling snow and trying to stay warm, I was planting more tomatoes, cleaning my pool, and getting surf updates from my son, who was surfing at Sebastian Inlet.  Want to get away for the winter?  Check out these rentals at Deering Bay.

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Renting in Miami

Coral Gables Rental at Garden Style Building on Gables Waterway

Live close to everything:  the Grove, Gables, UM, South Miami and Downtown while being in a quiet building on the Gables Waterway.  Nicely updated 1 bedroom 1 bath with a garden view.  Large master bedroom and plenty of closet space.  100 Edgewater Dr., #111.

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Renting in Miami

Vacation Rentals Miami – Spend The Winter Summering in Deering Bay

Deering Bay Short-Term Rental
Deering Bay Short-Term Rental

Spend the next 6 months relaxing by the pool, bar-b-queing with friends, or just enjoying the gorgeous views from one of these fully furnished 3 bedroom 3 bath condos.

13627 Deering Bay Drive, #602

13627 Deering Bay Drive, #604

30 minutes to downtown Miami, 15 minutes to Coconut Grove and downtown Coral Gables, 5 minutes to Pinecrest, the Falls and Dadeland.  Unit 604 comes with club and golf privileges for additional monthly charge.