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Commercial Real Estate Environmental

University of Miami’s College Of Engineering Contributes To Sustainable Construction

UM sustainable concrete wall test

I was lucky to be invited to an evening reception and tour of University of Miami’s College of Engineering labs.  Titled Engineering in the 21st Century:  Innovation and Sustainability, the evening started with a brief overview of the engineering program by Dr. Jean-Pierre Bardet, Dean of the College of Engineering and was followed by tours of several of their labs.  The work and research being done at UM is impressive, even to this non-engineer.  In addition to several breakthrough developments in cyber-security and health care, including addressing diabetes and creating eye prosthesis, there were two labs that were working on items that directly affect the real estate industry.

UM’s Structures and Materials lab has developed a concrete using seawater instead of fresh water, which is a huge drain on our state’s water resources, and a non-corrosive material that can be used instead of rebar in construction.  Imagine:  no more spalling, special assessments to replace condo balconies and longer life-span for bridges and sea-walls.

The Industrial Engineering Industrial Assessment Center, conducts energy assessments at no cost to manufacturing facilities in Florida and Puerto Rico.  These assessments can help manufacturers save energy and money.  Keep up the great research UM!

 

 

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Buying Florida Life Miami Beach Neighborhood News

Miami Beach Loft-Style Condo Is Perfect Pied-A-Terre For Art Lovers

DSC_9460_1_2Just in time for Art Miami and Art Basel, this unique New York City style apartment comes on the market.  The light and bright unit features an open floor plan with plenty of wall space for art.  The kitchen features a Viking gas stove and a great layout for entertaining.

DSC_9482_3_4 Located in the heart of Miami Beach on tree-lined Meridian Avenue, you are walking distance to everything:  beach, grocery stores, shops, parks, and restaurants.

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Buying Investment Real Estate Miami Beach

1542 Drexel #205 – Perfect Miami Beach Pied-A-Terre

You know what they say about real estate, location, location, location, and boy does 1542 Drexel Avenue #205  have it.  Location:  2 blocks from Lincoln Road.  Location:  1 block from Espanola.  Location: 3 blocks to the Ocean.  In the heart of Miami Beach, yet on a quiet, low traffic street, this fully furnished unit is the perfect Miami Beach Pied-A-Terre.  Rarely available one bedroom.  The last one bedroom for sale in this boutique building was in 2011!

If you are looking for an investment property instead of a weekend get-a-way, the last fully furnished unit that rented in this building was a studio that rented for $1500 per month!  Listed for sale, fully furnished (minus the art work) for $170,000.

 

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Buying Florida Life Miami Beach

5601 Collins Avenue #810, Miami Beach, FL

IMG_0886According to AccuWeather.com, it was 29 degrees in New York and Boston yesterday, and 74 degrees on Miami Beach.   This is the view from every room in this beautiful one bedroom apartment, smack dab on the beach.  Instead of shoveling snow, you could be frolicking in the surf, playing volleyball or taking a leisurely stroll down the beach.

Wish you were here?

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Florida Life Miami Beach Neighborhood News Restaurants Things To Do

Miami Beach – Last Day of Art Deco Weekend

Flamingo Plaza - 1015 Meridian Ave.
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 ClevelanderBig Pink or just about any other bar on the beach!

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Buying

Miami Beach Ocean Front Condo

Direct Ocean View
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

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Buying Market Summary Miami Beach Selling

South Beach Real Estate – Continuum Condo Market Update

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.

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Buying Marinas, Yacht Clubs and other Boating Information

Miami Beach Condo For Sale – No Tricks, Just Treats

Miami Beach condo
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.

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Market Summary Miami Beach Neighborhood News

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

Categories
Market Summary Miami Beach

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