Terra Beachside Villas sees turnaround

Terra Beachside Villas, Miami Beach condos

Terra Beachside Villas broke ground seven years ago and for the past two years have sat unoccupied. This once distressed Miami Beach condo project has new owners, lower prices and local officials have given permission to begin occupancy.

According to Gregory Freedman, a principal at BH III, construction has restarted and more than half of the units have buyers. The developers for the Miami Beach condos located at 6000 Collins Avenue received a Temporary Certificate of Occupancy this week which allowed them to finalize contracts so new owners can move in. Residences at Terra Beachside Villas are priced between $250,000 and $685,000 and buyers have been found for almost 65% of the 117 units.

Full Article...Terra Beachside Villas sees turnaround

Marina Blue space to open eatery across from AAA

Miami retail space, Miami commercial property

The Miami Heat and their new dream team have possibly had an effect on another downtown Miami real estate property, the Marina Blue Condos. According to a report from Condo Vultures, Sergey Novov, a Sunny Isles Beach investor, paid $410 per square foot, $2.1 million, for 5,100 square feet of ground-floor Miami retail space. The Miami commercial property is across the street from American Airlines Arena and is expected to become a restaurant and bar, possibly including a micro-brewery.

Full Article...Marina Blue space to open eatery

VIDEO - Inside Miami’s Midtown

Miami condos for rent, Miami real estate

Just south of the Design District is one of the city's newest Miami real estate developments, New York-based Midtown Equities' Midtown Miami. The Midtown Miami area is flourishing with a wave of Miami condos for rent and retail activity. Nearly all the Miami condos for rent at the three residential buildings, Midtown 2, Midtown 4 and MidBlock, are occupied and a swarm of new restaurants have rented commercial properties, like Mercadito and Shimon Bokovza's Sugarcane Raw Bar & Grill. The retail space in Miami Midtown is almost fully leased, and Midtown's office spaces are renting has as well.

To see video......TRD VIDEO: Inside Miami's Midtown

Miami Houses for Sale – Biggest Price Reduction

Miami houses for sale, Miami Beach real estate

There are many Miami houses for sale but this one received the biggest price reduction this week. Unit #6100 at 6100 Aqua Avenue in Miami Beach is a five bedroom, five bathroom condo in Aqua at Allison Island.

Full Article...Miami Houses for Sale – Biggest Price Reduction

South Florida Pending Home Sales and Inventory

Pending home sales, Miami real estate

According to a report published Monday by Condo Vultures, South Florida's inventory of existing homes for sale has decreased by about have in the past 20 months and now it seems it is slowly growing again.

Full Article...South Florida Pending Home Sales and Inventory

Miami Waterfront Homes – Biggest Price Reduction June 2010

Miami waterfront homes - Miami Beach real estate


According to data from Condo Vultures Realty, out of all the luxury Miami waterfront homes for sale this exquisite piece of Miami Beach real estate saw the biggest price reduction in June. This home located at 45 Star Island Drive is one of many luxury Miami waterfront homes in South Beach and has seven bedrooms and seven and three-half-bathrooms in the main house.

Full Article....Miami Waterfront Homes – Biggest Price Reduction June 2010

Pending Florida Miami homes sales significantly higher

Florida Miami homes, Miami real estate

As compared to the same month last year, the number of pending Florida Miami homes sales was up 54 percent and 51 percent in Broward. The numbers are high because of the many international buyers and home owners purchasing ‘second’ Miami homes that wanted to take advantage of the glum Miami real estate prices. Another contributing factor was first-time and existing buyers if Florida Miami homes benefiting from low mortgage rates.

According to figures released by the Realtor Association of Greater Miami and the Beaches and the Southeast Florida MLS, in May, total pending Florida Miami homes sales, including single-family and Miami condos, in Miami-Dade increased to 10,456, up 0.62 percent from April. April figures included a last-minute surge by Florida Miami homes buyers taking advantage of the federal tax credit which expired on April 30.

Full Article...Florida Miami Homes, Miami Real Estate

Court refuses to hear Florida homeowner tax case

Homes in Miami - Miami Real Estate

The Florida Supreme Court has rejected a dispute to two state constitutional amendments that give primary Florida homeowners including homes in Miami.

On Monday, the justices refused to hear the appeals from homeowners including those that own homes in Miami, who argued the amendments give those who have owned their homes a longer time an unfair advantage.

Full Article....Homes in Miami, Miami Real Estate

Miami homes sales. Miami real estate

Pending Miami home sales increase in April

In April, the number of South Florida and pending Miami home sales rose. The increase in pending Miami home sales is due to international buyers, lower prices and federal incentives to sign contracts by the month's end.

Total pending Miami home sales including condominiums rose by 6.6 % in April totaling 10,392; that’s 641 more homes sold over last month and a 71% jump from last year. Pending home sales in Broward, increased by 352 homes sold in April which and up 4.3%. Pending sales were up 64% from last year. These calculations were from a report done by the Realtor Association of Greater Miami and the Beaches and the Southeast Florida Multiple Listing Service last Tuesday.

Full article....Miami homes sales. Miami real estate

Florida Foreclosures-One of the Highest in the Nation

The number of Florida foreclosures has nearly doubled since last year. The United States foreclosure filings show that Florida has one of the highest ratings in the country. This recent increase in foreclosures is mainly due to the fact that many homeowners bought at the end of the real-estate boom, and now are stuck with homes they can't sell. The credit standards have changed significantly over the past year and it’s much harder to secure subprime loans. Although foreclosures are at an all time high the economy still remains stronge with an advised 4.7 GDP, stronger job growth than predicted with over 180,000 new jobs in November, low unemployment rates and over 1 million new households will be needed annually according to the Census Bureau. Miami in particular will remain an International destination and is considered by some as the “American Riviera”. It is also a great time to invest in a Miami real estate property!