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Miami Condos Investments

• HGTV’s 2012 Urban Oasis at Paramount Bay Hits the Market for $1.25M

  This past October, HGTV awarded James Walley, a lucky viewer from Texas, a posh, two bedroom condo at the prestigious Paramount Bay.  Not even two months later, that very unit has hit the market with an asking price of $1.25M.  This should come as to no surprise [...]

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• Miami Condo Prices Up 16th Consecutive Month

  Miami condo prices continue to improve.  The median sales price for condos throughout Miami-Dade County has increased for 16 consecutive months, according to a market report released last week by the Miami Association of Realtors.  In October, the median sales price of condominiums in Miami-Dade [...]

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• Ten Museum Park Developer Settles Class-action Lawsuit with Condo Association for $587,500

  According to Daily Business Review, Ten Museum Park developer Gregg Covin has agreed to settle a class-action lawsuit, filed in 2010, with the building’s condo association.  Disgruntled owners argued that certain amenities were not delivered as promised in the [...]

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• Re-introducing the Miami Forum

  A few years ago, we launched a Miami forum website which allowed people to share news and pictures related to a variety of topics including but not limited to real estate.  The message board never took off and we removed the service within a few short months.  Recently, however, there [...]

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• 1 Bedroom Rental at Icon Brickell – $2,100/mo

  Please contact me if you or anyone you know is interested in renting a one bedroom condo at Icon Brickell.  I have a client who is looking to upgrade to a two bedroom.  His landlord has agreed to let him out of his lease as long [...]

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• Record-breaking Sale – Setai South Beach PH-B Sells for $27M

  The South Florida real estate market is off to an outstanding start in 2013.  News has broke that a record-breaking sale has taken place at Setai South Beach.  PH-B has sold for an amazing $27M, or $3,800 per square foot.  [...]

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• Brickell Condo Market Expected to Remain Strong Throughout 2013 and 2014

  As of late, little has been said about the fact that myBrickell and 1100 Millecento are completely out of inventory.  With the exception of two very large penthouses, the same goes for BrickellHouse.  Take a moment to digest that piece of news.  Of [...]

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• 1000 Biscayne Tower’s Likely Impact on the Neighborhood

  Last month, it was announced that world-renowned architect Zaha Hadid has been appointed to design a luxury skyscraper in a neighborhood of Downtown Miami know as Park West.  The residential high-rise, known as 1000 Biscayne Tower, will be developed by Gregg Covin, the developer behind Ten [...]

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• Luxury Real Estate Market Ended 2012 With Two Huge Condo Sales in South Beach

  The Miami Beach luxury real estate market closed out 2012 with a bang.  Two huge condo sales took place over the last four days of the year.

  A bi-level penthouse at Icon South Beach sold on New Year’s Eve for slightly under $21M, or $2,623 per square [...]

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• Marina Blue Market Update – 2011 to Present

  Below is a market update that I emailed to Marina Blue condo owners late last week.  While not everyone reading this will have an interest in Marina Blue, I think a similar upswing in prices and lack of inventory as described below holds true for most major condo developments [...]

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