Categories
Selling

Pinecrest, Florida Annual Real Estate Summary 2008

Single Family Homes

  • Total single family sales in 2008: 136
  • Highest Sales Price: $4,150,000 for a 8,445 square foot home built in 2007 on a 51,056 square foot water front lot on 92 Street
  • Lowest Sales Price: $260,000 for a 1,092 square foot 13,644square foot lot.  Bank-owned foreclosure on 136 Street.

Condos

  • Total condos sales in 2008: 8
  • Highest Sales Price: $252,000 for a  1,045 square foot unit in Palms of Pinecrest
  • Lowest Sales Price: $120,600 for a 792 square foot unit in Sunrise Point

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Key Biscayne Market Summary Neighborhood News

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

Categories
Coral Gables Neighborhood News Palmetto Bay Pinecrest

Calling All Miami Palmetto Senior High Alumni

mphs_header7.jpg 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.

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Coral Gables

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 trolley_s2.jpgthe 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.

Categories
Selling

Real Estate Has Gone to the Dogs!

Surprise! This is not going to be a negative blog about how depressing the real estate market is.

oscar-bacci.jpegInstead, this is literally about real estate going to the dogs!

There are doggie bars, doggie parks, doggie spas, doggie accessory stores and doggie day cares. This is in addition to the standard groomers, vets, boarders and large pet store chains.

The pet industry is estimated to hit $40.8 billion this year and all of these dog related businesses require space, be it land, industrial or retail!

Additional resources: Dog Park Etiquette

Pet Industry Trends & Statistics

Categories
Coral Gables South Miami

Who Counts the Bubbles in Champagne?

champagne-glass.jpegI attended the champagne and caviar tasting at the Whole Foods in Coral Gables last night and learned a lot! I already knew I love caviar and am extremely picky about my champagne, so I was thinking I would just go and have fun.

Little did I know I would actually learn that champagne has 56 million bubbles per bottle, that the reason for checking the cork from a champagne bottle is to make sure it matches the label, and that proper champagne opening etiquette is to make the cork “kiss” instead of “pop”!

Categories
Coral Gables South Miami

More Than Just Shopping at Coral Gables Whole Foods

SangriaWell, I went to my first event at the Coral Gables Whole Foods since the grand opening last week. On Thursday they had a sangria tasting and it was a good excuse to hang out in their Whole Lifestyle Center (LC) and chat with friends and neighbors who stopped by. The Tarantas Sangria, an organic bottled sangria, was the better of the two and could serve as a starting point to doctor your own, but nothing beats homemade sangria.

Patrick, one of the sommeliers at Whole Foods, was extremely friendly and helpful, and took time out to chat about wines and sangria. I an organic wine tasting oncaviar1.jpg Friday, but will be there tonight for a champagne and caviar tasting.

My only critique of the store is that the LC is inconveniently located on the opposite side of the store and can only be accessed from the outside. This was poor planning since it discourages shoppers from meandering through the store prior to an event or from returning to the store to purchase items after an event. I am sure they will be working on fixing this oversight so they can maximize the marketing potential of their tastings, cooking classes, and demonstrations.

Categories
Coral Gables South Miami

Whole Foods Coral Gables Wine Tasting Calendar

berriesGotta admit that I am a food geek who has been anxiously awaiting the opening of Whole Foods in Coral Gables. I loved shopping at Whole Foods in California and though I wouldn’t trek to the Aventura store, I did trek all the way to Fairfax, Virginia to visit the store there. Actually, I was visiting family and we just made this a side trip to plan dinner.

Geek that I am I signed up for the pre-opening behind the scenes tour today and enjoyed eating my way through the isles. In addition to fresh squeezed orange juice, bananas, cookies, cake, a turkey empanada with mango chutney, and Parmesan cheese, we were treated to a wine tasting in their Whole Lifestyle Center, a community-hall style room for cooking demonstrations and wine tastings.Champagne

They have several tastings coming up: Sangria on Thursday, September 27 from 7-8:30, Intro to Organic Wined Friday, September 28 from 7-8:30, Caviar and Moet Champagne Tasting on Saturday, September 29 from 7-8 and a Cheese and Wine Pairing on Sunday, September 30 from 4-5. The Cheese and Wine Pairing is a fundraiser for The Pet Project, which helps individuals with disabling illnesses keep their pets.

I am looking forward to the lifestyle center offerings as much as I am to the store opening. I don’t like to shop and find grocery shopping especially tedious, but I like cruising (and tasting my way) through the isles at Whole Foods. It can bring out the cook in anyone. And if you don’t like to cook, take home their delicious meals. A nice change from rotisserie chicken!

Categories
Coral Gables

Vampires and Werewolves, Oh My!

No, this is not an early Halloween blog but rather one about Books and Books, our Manhattan-style bookstore. Mitch Kaplan, Books and Books owner and a co-founder of Miami Book Fair International, has done an incredible job bringing distinguished authors to speak, read, and sign books over the years, but none got my teen daughter’s attention until Stephenie Meyer showed up on September 15 to talk about Eclipse, the latest in the Twilight Series.

I was lucky, or crazy, enough to attend the Books and Books Vampire Ballsponsored Vampire Ball, guest starring Stephenie Meyer, with my 13 year old daughter and hundreds of other fans. The Coral Gables War Memorial was packed but the event was extremely well organized. Fans waited in line for asked questions of the author and then waited to get their books signed.

It was wonderful to see so many young readers and would-be authors enjoying a Saturday afternoon with their parents, friends, and books. Thanks, Mitch!

Categories
Selling

3 Ways the Alternative Minimum Tax Affects Real Estate

The Alternative Minimum Tax is basically a parallel tax system that runs in conjunction with the regular tax system. You may not have heard of it before now because it was originally only directed at individuals with extremely high incomes. However, since it was never indexed to inflation it will be affecting the middle class as of this year.

The regular tax system currently encourages home ownership by allowing deduction on mortgage interest, property taxes, home equity interest and not recognizing gain on the sale of a primary residence, up to $500,000 for a married couple and $250,000 for an individual.

The regular tax system also promotes real estate investing by allowing depreciation to be taken on a straight-line basis over a 27.5 year recovery period for residential income property and a 39 year recovery for commercial property.

The AMT as it currently stands, does away with a lot of these incentives to owning a home or investing in real estate.

  1. It does not allow deductions for real estate property taxes.
  2. It delays depreciation on real estate by increasing the recovery period to 40 years.
  3. Does not allow deductions on home equity lines of credit used for anything other than to improve the home.