miami real estate - september 2009 report
TRANSCRIPT
Miami Real Estate Market Report - September 2009
Presented by Cedric C. Teboul
Licensed Real estate Broker
848 BRICKELL AVENUE, SUITE 1130 MIAMI, FL 33131 C: 305.491.4554 O: 305.305.5323
Table of Contents
September Report
LATEST REAL ESTATE NEWS ................... 3
EVENTS - SEPTEMBER 2009........................ 4 BANK OWNED PROPERTIES...................... 5
DEVELOPER CLOSEOUTS .......................... 6 RENTAL PROPERTIES ................................. 7
CONTACT US ................................................. 8
Latest Real Estate News 5th Bulk Deal Closes In Downtown Miami - Sunday, July 26, 2009 - EDT A South Beach investor has closed a 15-unit bulk deal for $4.2 million in the Marina Blue condominium tower. Maurizio Cavalieri… paid an average of $207 per square foot 20,293 square feet of saleable space. Cavalieri's acquisition consists of 13 two-bedroom units and two one-bedroom units at Marina Blue. Jump Shot for Troubled Condo-Hotel - Wednesday, August 12, 2009 - Globe Street The stigma attached to condo-hotel projects is not scaring away all high-end buyers, as shown by pro basketball star Amare Stoudemire's recent $5.6-million purchase of a penthouse unit at W South Beach. July foreclosure filings soar in Broward - Friday, August 14, 2009 13:02:53pm South Florida Sun Sentinel Broward County continues to be one of Florida's hardest-hit areas when it comes to foreclosure, but the problem isn't nearly as severe in Palm Beach County. Investors Snapping Up Downtown Miami Condos - Wednesday, August 19, 2009 - CBS4
Are the good 'old days of real estate back? It appears so in Downtown Miami. In recent weeks developers have sold hundreds of condos, in a flurry of activity they haven't seen since the peak of the housing market. Everglades on the Bay developer files for bankruptcy Friday, August 21, 2009 – Miami Herald The maker of Everglades on the Bay -- a condo project whose darkened windows have become emblematic of the uninhabited, ghost structures of the building boom gone bust -- has become the first of the downtown Miami condo developers to file for Chapter 11 bankruptcy protection. Affordability Leads to Home Sales Spike in South Monday, August 24 2009 - New York Times Home re-sales spiked 5.6 percent in the South in July, the highest annual increase in nearly four years and evidence the region's housing market is climbing out of the grave, the National Association of Realtors said Friday.
Events - September 2009
MIAMI SPICE
During the months of August and September, many of Miami's finest restaurants offer lunches and dinners at low fixed prices. This is a great chance to try something new each day and save money at the same time!
Britney Spears Concert at American Airline Arena September 2
Marco Antonio Solis at American Airline Arena September 4
Depeche Mode Concert at Bank Atlantic Center September 5
Miami Home Design & Remodeling Show September 4-8
14th International Ballet Festival September 5-13
Dig the Beach Volleyball National Championships September 12-13
Wisin & Yandel at American Airline Arena September 17
Disney on Ice September 17-20
Miami Dolphins vs. Indianapolis Colts (NFL Football Game) September 21
Rob Thomas at Seminole Hard Rock & Casino September 23
Florida Marlins vs. New York Mets (MLB Baseball Game) September 25-27
Miami International Wine Fair September 26-27
The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.
Bank Owned Properties
SOUTH BEACH
SETAI
101 20 St, #1701 zip 33139
#Bedrooms: 3 #Full Baths: 4.5 Notes: Double Corner Unit w/ 2
living rooms & Media Room
Old Price: $5,500,000 (06/27/07) New Price: $4,200,000
SOUTH BEACH
FLAMINGO
1500 Bay Rd #1452S zip: 33139
#Bedrooms: 0 #Full Baths: 1 Notes: water views
Old Price: $ 254,900 (11/18/06)
New Price: $104,900
SOUTH BEACH
PORTOFINO TOWER 300 S Pointe Dr # 906 zip 33139
#Bedrooms: 1 #Full Baths: 2 Notes: South of Fifth
Old Price: $ 660,000 (10/07/05)
New Price: $399,900
SOUTH BEACH
ICON
450 Alton Road, #1604 zip 33139
#Bedrooms: 2 #Full Baths: 2
Old Price: $ 1,600,000 (07/17/06) New Price: $759,900
NORTH BAY VILLAGE
VILLA
8011 NE Bayshore Ct, zip: 33138
#Bedrooms: 3 #Full Baths: 3 Notes: Brand New/ Bay Front
City Market Value: $ 955,000
New Price: $425,000
North Miami Beach
VILLA
3291 NE 164 St, zip 33139
#Bedrooms: 4 #Full Baths: 3 Notes: waterfront; Ocean access
Old Price: $ 1,550,000 (04/28/06)
New Price: $760,000
RESIDENTIAL BULK DEALS AVAILABLE
COMMERCIAL DEALS: Hotel, Multi-family,
Office Building & Land Opportunities
Developer Closeouts
BAL HARBOUR
HARBOUR HOUSE
SUNNY ISLES BEACH
JADE OCEAN
MIAMI BEACH
MEI
HALLANDALE BEACH
OCEAN MARINE
YACHT CLUB
SOUTH BEACH
W RESIDENCES
SUNNY ISLES BEACH
TRUMP TOWERS
The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.
Luxury Residences Starting at
$275,000
LAST UNITS FROM $395,000
Located on Millionaire’s Row
Starting at $500,000 NOW OPEN!!!
The Best! From $1,100,000 to
$9,900,000
From $350/ SqFt
BRAND NEW UNITS
AVAILABLE
YOUR PRICE
< COST TO BUILD
Rental Properties AVENTURA/ SUNNY ISLES BEACH Complex Name Address Furnished Bed Bath Sq Ft Rental Price
Williams Island 7000 Island Blvd #2508 No 2 2 1,580 $2,600/ Month Turnberry Isle 19667 Turnberry Way #25B Yes 2 2 1,522 $1,550/ Month Trump Towers 15901 Collins Ave #1002 Yes 3 3 1,975 $3,750/ Month SOUTH BEACH Complex Name Address Furnished Bed Bath Sq Ft Rental Price
Icon 450 Alton Rd #3405 Yes 4 4 3,094 $14,000/ Month Continuum 100 S Pointe dr. #3002 No 2 2.5 1,791 $6,000/ Month
Flamingo 1500 Bay Rd. #1558S No 1 1 732 $1,695/ Month Downtown House Rental
FISHER ISLAND COMMUNITY
The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.
WILLIAMS ISLAND COMMUNITY
ARE YOU AN OWNER?
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CALL US AT (305) 305-5323
FOR A FULL LIST, CONTACT ME AT: (305) 491-4554
Contact Us
Cedric C. Teboul Licensed Real estate Broker
CELL: 305.491.4554
EMAIL: [email protected]
TEL: 305.305.5323 1900 N BAYSHORE DR. SUITE 3306
MIAMI, FL 33132
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