The remedy fix calls for landing companies to help almost 4 million borrowers by modifying loans so housing payments will be not more than 31% of monthly gross income. Also, homeowners who haven't missed a payment can refinance into lower-interest loans even with little or no equity. This other plan should to help circa 5 million homeowners.
Florida will also benefit from the $75 billion loan modification plan will provide incentives to investors and regular buyers who want to take advantage of the Miami real estate market today. The government will also subsidize interest rate reductions to get advantage of affordable monthly payments, therefore it will be easier to purchase a home, condo or villa in Miami and Miami Beach!.
Showing posts with label villas. Show all posts
Showing posts with label villas. Show all posts
Thursday, March 5, 2009
Thursday, February 26, 2009
Now you can afford to live downtown Miami!
Home values continue to slide, therefore now you can find bargains you never believed were possible.
The Miami condos on Brickell are at your reach, in 2008, 70% of the closing were below $300,000. The one bedrooms at the Ambassador were as low as $79,000!!!
There are about 2,700 Miami condos on the market, the sales are about at a rate of 330 renting and 70 selling.
Yes the prices are still falling, but we started to see the bottom in the Miami real estate market, with great deal not only regarding the condos, but also for Miami Beach homes and South Beach luxury villas!
The Miami condos on Brickell are at your reach, in 2008, 70% of the closing were below $300,000. The one bedrooms at the Ambassador were as low as $79,000!!!
There are about 2,700 Miami condos on the market, the sales are about at a rate of 330 renting and 70 selling.
Yes the prices are still falling, but we started to see the bottom in the Miami real estate market, with great deal not only regarding the condos, but also for Miami Beach homes and South Beach luxury villas!
Wednesday, February 25, 2009
Miami Beach Real Estate Market
We all know too well the situation of the real estate market in South Florida. But Miami Beach, and more precisely South Beach reality is a little different.
For many reasons, investors from the US and international ones have found a heaven in the South Beach Real Estate Market, from Miami Beach condos to South Beach luxury villas; they have been able to purchase amazing properties for a great price, like the following.
A dazzling oceanfront penthouse at the Il Villaggio, was recently sold for 13,900,000. 4,600sf of rooftop terrace. Completely customized, 3 bedrooms, 4 bathrooms and 2 half baths on 5,700 Sq.Ft. of living area.
For a lower price, but still a serious investment, this Setai PH Villa is $1,960/SQ.FT sold at the asking price of $6,999,999. This 3 bedrooms and 3 bathroom penthouses sold far below the "pre-construction" pricing!
This huge 3,335 Sq. Ft. residence at the Continuum, with an amazing view, 3 bedrooms, 4 and ½ bathrooms, just sold for $5,200,000.
No expense was spared to create this 4,640 sq.ft 5bd/5.5ba unit. The master suite includes a dressing area & private office; the main living area is equipped for movie screenings & has a wonderful built-in-bar. Comes w/4 parking spaces and just sold for $4,500,000!
A wonderful penthouse apt with a private elevator has 3,780 sq.ft. & walls of glass in every room allowing amazing views throughout, custom 5 bedrooms 5-1/2 baths, huge open living room, den/library & much more. Amenities include 2 pools, tennis courts, gym & play area. This incredible penthouse sold for $2,950,000!
For many reasons, investors from the US and international ones have found a heaven in the South Beach Real Estate Market, from Miami Beach condos to South Beach luxury villas; they have been able to purchase amazing properties for a great price, like the following.
A dazzling oceanfront penthouse at the Il Villaggio, was recently sold for 13,900,000. 4,600sf of rooftop terrace. Completely customized, 3 bedrooms, 4 bathrooms and 2 half baths on 5,700 Sq.Ft. of living area.
For a lower price, but still a serious investment, this Setai PH Villa is $1,960/SQ.FT sold at the asking price of $6,999,999. This 3 bedrooms and 3 bathroom penthouses sold far below the "pre-construction" pricing!
This huge 3,335 Sq. Ft. residence at the Continuum, with an amazing view, 3 bedrooms, 4 and ½ bathrooms, just sold for $5,200,000.
No expense was spared to create this 4,640 sq.ft 5bd/5.5ba unit. The master suite includes a dressing area & private office; the main living area is equipped for movie screenings & has a wonderful built-in-bar. Comes w/4 parking spaces and just sold for $4,500,000!
A wonderful penthouse apt with a private elevator has 3,780 sq.ft. & walls of glass in every room allowing amazing views throughout, custom 5 bedrooms 5-1/2 baths, huge open living room, den/library & much more. Amenities include 2 pools, tennis courts, gym & play area. This incredible penthouse sold for $2,950,000!
Miami Beach Luxury in never goes out of style
There is constant talk about how hard the Miami Real Estate Market is being hit.
Is Miami Beach Luxury Market starting to see more movement? You better believe it!
With the real estate market in an unstable condition, absorption rates are increasingly used as an indicator to assess how long it would take to sell ALL the existing Miami Beach condos, South Beach homes and villas, if the sales remain constant and no new listings are added to the inventory. Additionally, absorption rates are the best way of tracking market performance and how an entire market is doing.
If you are looking to sell your Miami Beach real estate, make sure your real estate broker keeps you informed about the market conditions in Miami Beach or South Beach. Knowing the absorption rate for your South Beach property will help you establish how aggressive you need to be with pricing, staging, and marketing your condo, luxury villa or home.
We chose five of the most recent closed sales of South Beach luxury villas.
This +/- 13,000 Ft. Greek Mediterranean-style estates, for example, sold for $14,900,000. Located on Hibiscus Island, consists of a main house, guest house, boat house & cabana, 5 bedrooms, 5 bath and 2 ½ baths on 19,687 Sq. Ft. It was featured in multiple architectural & design magazines, movies & videos.
Another one of a kind villa on San Marco Island, in South Beach sold recently for $7,950,000. High tech throughout, roof top pool and large deck, elevator to roof, media rooms, terraces, 7 bedrooms, 8 bath and ½ baths on 10,500 Sq.Ft. Just incredible.
On San Marino Island, Miami Beach, this priced right at under $1000/sq.ft. Stunning, completely remodeled Mediterranean estate sold for $6,995,000. 5 bedrooms, 4 ½ baths of luxury including Natural Gas Generator Back Up For Entire House.
$5,900,000 bought this new custom home with media room w/full surround sound and wet bar. 3 car vertical garage w/ lift. Infinity lap pool with spa and pool cabana bath and outside shower. With 6 bedrooms, 6 and ½ baths on a 60X 175 lot, it was a great buy.
Another San Marco Island architectural Waterfront Gem on 105 Ft Direct Bay Frontage: 7bed, 6.5bath sold for $5,700,000. This incredible 2 story contemporary residence features a unique open-concept design inclusive of a great room, living, dining, music, and game areas unified by polished natural stone, soaring ceilings and 30ft high glass walls; a gourmet kitchen, wood floors, see-thru walkways, stainless steel, onyx walls, negative edge, black-bottom pool.
Is Miami Beach Luxury Market starting to see more movement? You better believe it!
With the real estate market in an unstable condition, absorption rates are increasingly used as an indicator to assess how long it would take to sell ALL the existing Miami Beach condos, South Beach homes and villas, if the sales remain constant and no new listings are added to the inventory. Additionally, absorption rates are the best way of tracking market performance and how an entire market is doing.
If you are looking to sell your Miami Beach real estate, make sure your real estate broker keeps you informed about the market conditions in Miami Beach or South Beach. Knowing the absorption rate for your South Beach property will help you establish how aggressive you need to be with pricing, staging, and marketing your condo, luxury villa or home.
We chose five of the most recent closed sales of South Beach luxury villas.
This +/- 13,000 Ft. Greek Mediterranean-style estates, for example, sold for $14,900,000. Located on Hibiscus Island, consists of a main house, guest house, boat house & cabana, 5 bedrooms, 5 bath and 2 ½ baths on 19,687 Sq. Ft. It was featured in multiple architectural & design magazines, movies & videos.
Another one of a kind villa on San Marco Island, in South Beach sold recently for $7,950,000. High tech throughout, roof top pool and large deck, elevator to roof, media rooms, terraces, 7 bedrooms, 8 bath and ½ baths on 10,500 Sq.Ft. Just incredible.
On San Marino Island, Miami Beach, this priced right at under $1000/sq.ft. Stunning, completely remodeled Mediterranean estate sold for $6,995,000. 5 bedrooms, 4 ½ baths of luxury including Natural Gas Generator Back Up For Entire House.
$5,900,000 bought this new custom home with media room w/full surround sound and wet bar. 3 car vertical garage w/ lift. Infinity lap pool with spa and pool cabana bath and outside shower. With 6 bedrooms, 6 and ½ baths on a 60X 175 lot, it was a great buy.
Another San Marco Island architectural Waterfront Gem on 105 Ft Direct Bay Frontage: 7bed, 6.5bath sold for $5,700,000. This incredible 2 story contemporary residence features a unique open-concept design inclusive of a great room, living, dining, music, and game areas unified by polished natural stone, soaring ceilings and 30ft high glass walls; a gourmet kitchen, wood floors, see-thru walkways, stainless steel, onyx walls, negative edge, black-bottom pool.
Friday, February 20, 2009
Buying now or hold off?
Buy running to Miami Beach and purchasing a real estate property right now we may encounter the risk that home values will keep falling -- especially for condos. The economy will probably deteriorate further, threatening job security.
Rents are declining as well.
By waiting, renters can avoid paying homeowner and condo association fees that have raised because of delinquencies and foreclosures.
Actual property appreciation could take a long time, therefore if you do decide to purchase, you may want to buy a condo, a home a luxury villa which you are in no hurry to resale.
Lending restrictions may loosen and down-payment get lower.
Rents are declining as well.
By waiting, renters can avoid paying homeowner and condo association fees that have raised because of delinquencies and foreclosures.
Actual property appreciation could take a long time, therefore if you do decide to purchase, you may want to buy a condo, a home a luxury villa which you are in no hurry to resale.
Lending restrictions may loosen and down-payment get lower.
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