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Going, Going, Gone…It Went That Fast!

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1110 S. Alhambra Circle | 3 Beds/3 Baths | 2,604 Adj. SF | Asking Price 1,150,00 OR $6,200/mo

On June 5th I listed this beautiful, sophisticated colonial-style home in Coral Gables (South Gables) for rent and for sale, and in a nanosecond it was under Contract! We started showing it on Friday and by nightfall Saturday we had multiple offers to buy it and to rent it.   I think the owners were so taken aback by the enthusiasm (and by the determination of some) that they decided to keep the property (we rented it at the asking price of $6,200).

That is a typical day in sunny Coral Gables in the rental and sales market! The inventory of luxury homes to rent is especially low, so these charming rental homes in Coral Gables are being snapped up about as quickly as they enter the market. It is the same situation in South Miami/High Pines, Coconut Grove, and Pinecrest too. In the last week or so luxury rental properties at 460 San Servando Avenue, 741 Santurce Avenue, and 700 San Esteban Avenue have come on the market in Coral Gables, and if I were to guess, they will be going, going, gone very shortly. Call me if you are interested in learning more!

751 Santurce Avenue | 3 Beds/3 Baths | 3,034 SF | $5,900/mo

751 Santurce Avenue | 3 Beds/3 Baths | 3,034 Adj. SF | $5,900/mo

460 San Servando Avenue - 4 Beds/2.5 Baths - 2,155 SF - $4,950/mo

460 San Servando Avenue | 4 Beds/2.5 Baths | 2,155 Adj. SF | $4,950/mo

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700 San Esteban Avenue | 3 Beds/2 Baths | 2,757 Adj. SF | $6,200/mo

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

Val’s Top 10 Reasons to Consider Living at Cloisters on the Bay in Coconut Grove

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10. You’ll never have to worry about parking at the Coconut Grove Art Festival.

9. “The Harbour in Historical Coconut Grove” is going to be absolutely fabulous!

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8. Ransom Everglades School, Carrollton School of the Sacred Heart, and St. Hugh Catholic School are blocks away.

7. The Security Staff at Cloisters on the Bay is THE best.

6. My listing at Villa 1137 in Cloisters on the Bay is marvelous (and the least expensive)!

5. Paragon Grove 13 Movie Theatre offers reserved seating and has a great wine lounge.

4. Cloisters on the Bay is in the middle of three spectacular parks: Peacock Park, Barnacle Historical Park, and Biscayne National Park

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The Barnacle House in The Barnacle Historic State Park

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Stiltsville house in Biscayne National Park

3.Restaurants galore, all within walking distance Cloisters: Strada, Bombay Darbar, Peacock Café, Le Bouchon, New York Roma Pizza, and so many more!

2. My favorite restaurant and venue, Green Street Café, is directly across the street from Cloisters!

1. Erik Spoelstra is a regular at Green Street Café.

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To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

Just Listed For Sale or Rent by Valaree Byrne 1110 South Alhambra Circle

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Colonial sophistication meets old work charm in this sprawling home on a beautiful corner lot in the South Gables. Gleaming hardwood floors, impact glass, and architecturally significant volume ceilings are present in every spacious room. A beautiful pool, patio, and covered terrace await you!

Property Details:

 • 3 Bedrooms / 3 Baths

• 2,604 Adj. Square Feet / 14.880 Square Foot Lot

 • List Price: $1,150,000 OR $6,200/month

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

Just Listed by Val Byrne in ‘Cloisters on the Bay’ Villa 1137

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Cloisters on the Bay is Coconut Groves finest urban address. Villa 1137, one of only 40 homes in this exclusive enclave of Mediterranean Villas, was recently completed; never lived in. It’s a gracious tri-level residence with additional rooftop terrace, and is comfortably outfitted with an elevator. At the Cloisters one can relax at a beautiful swimming pool & entertainment pavilion, play tennis on lighted clay courts, and reflect at the water’s edge.

Although located in the heart-of-the-Grove this one-of-a-kind community is far from Main Highway and separated by guard house, impressive gated entry, and 24-hour security. Walk to the finest restaurants, boutiques, parks, and schools; drive only minutes to Coral Gables, downtown, and the Brickell Avenue corridor.

                                                                                                                                              Property Details:

 • 3 Bedrooms / 4 Baths

• 5,090 Adj. Square Feet

 • List Price: $1,749,000

 • www.cloisters1137.com

 

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

What About Those “Diamonds in the Rough”?

Sometimes realtors describe a property as being a “diamond in the rough”; or maybe “a gem that needs polishing”; or a house that has “good bones”. The current buzz phrase is “classic mid-century”, which when translated often means a home built in the 1940’s-1960’s that may or may not have updates.

"BEFORE"   5900 SW 83rd STREET

“BEFORE” 5900 SW 83rd STREET

Some of those homes can be fabulous! Sure it takes time, money, and energy but many find it so rewarding! The markets that I specialize in: South Miami, Coral Gables, Coconut Grove, Pinecrest, & Palmetto Bay are low in ‘turn-key’ inventory, especially in the $500,000 – $1,250,000 range, so now might be the time to consider those properties which need some TLC!

"After"   5900 SW 83rd STREET

“AFTER” 5900 SW 83rd STREET

Try and separate the cosmetics from the fundamentals!  First and most importantly,  is the property in a neighborhood you desire? Does the property have the needed space, both inside and out? If not, can space be added? Is there good light? Is there room for a pool if you want to add one later? If the fundamentals are there, maybe you consider the ‘labor of love’route!

I recently sold the two homes in South Miami to Buyers who would have preferred ‘turnkey’, but they didn’t exist at the time or were unaffordable. Thank goodness they had vision! Both families are so happy with their decisions, and I have great neighbors!

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

Miami’s Rental Market Madness!

In my 20-year real estate career in Coral Gables, Coconut Grove, South Miami, Pinecrest, Palmetto Bay, and the Brickell corridor I have NEVER seen so many for rent illustrationpeople looking to rent.  I’m predominantly a Buying and a Selling Agent in Miami’s luxury home market, but I’m well versed in the local rental market, and typically have 5-10 rental transactions per year.  That is until this year:  I’ve had 10 rental transactions and 5 current prospects, and it’s only April.  I’ve been preparing Leases from $2,000/month to $20,000/month, and I don’t see a slowdown. I’m finding this month that it will cost at least $2 per square foot to get a decently clean, updated single family home with a pool, and in Coral Gables many will have to pay that and skip the pool!

15 rental transactions in four months is so far out of the norm for me that I decided to stop and look at my own stats, as well as a those where I have been renting: Coral Gables, South Miami & High Pines, Palmetto Bay, Pinecrest, and Brickell.  Glaring at me are the number of new-comers to Miami just in my own chamber of business.  There are 10 renters from out-of-state that have moved for job reasons (5 of them physicians); all wanted to rent and scout before buying.  Only 1 is from out-of-the country which confirms what we already know: the “foreign investor” knows Miami is a safe bet; no need to rent and no time to fool around – prices are going up.   The remaining folks are locals renting while they build their new home or are in-between homes; and my favorite renters are an 88 and 95-year old married couple: they wanted a more simple, maintenance free lifestyle so they could relax (me too!).

 

Comparing Price PSF in Coral Gables, 2012-2014

Comparing Price Per Square Foot in Coral Gables, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedroom

Comparing Price Per Square Foot In Pinecrest, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms.

Comparing Price Per Square Foot In Pinecrest, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms.

Comparing Price Per Square Foot In South Miami, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms

Comparing Price Per Square Foot In South Miami, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms

Comparing Price Per Square Foot in Coconut Grove, 2012-2014 for Minimum 3 Bedrooms, $2,550/month and Higher

Comparing Price Per Square Foot In Coconut Grove, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 bedrooms

And the Real Estate Forecast Continues to be Sunny Skies……

 

Ron Shuffield, President and genius data cruncher at EWM Realty International delivered our spring outlook last week and the forecast is SUNNY!  Watch this quick video to hear it for yourself, but in a nut shell Ron summarized the last three years of real estate sales in Dade County (2011-2013) as being record breakers.  Each year the number of sales of single family homes and condominiums exceeded the prior year, and these were double digit increases!

 

 

Ron expects to maintain high levels of sales in 2014.  Our indicator of future sales is the amount of inventory of properties for sale, more specifically,  the ‘number of months’ of inventory available. In Dade County we have about 5-6 months of supply right now, which Ron believes is a healthy amount.  In my 20 years selling homes in Coral Gables, Coconut Grove, South Miami, Palmetto Bay, and Pinecrest, I find that a little on the low side, and with that trend prices usually increase.  As Ron says in the video, it is very “neighborhood specific”.

South Miami Number of Homes For Sale & Sold in the past year 1mil - 2milSouth Miami Number of Homes For Sale & Sold in the past year 500,000-1mil

I’m working with a lot of Buyers looking for homes in South Miami, Coral Gables,
and Coconut Grove in the $650,000-$1,000,000 range, and there are very few options out there.  In South Miami alone there is
very little, and even if we stretch budgets up over $1,000,000 the same holds true.

Buyers need to be working realtors who know the market, and know the minute a new home comes on the market. That’s what it often boils down to –  seeing a home and making an offer on day ONE.  Best news in Ron’s spring forecast is that our prices are generally still 35%-40% less than they were at the peak of 2007, and so there are still tremendous values in Miami.

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

It’s a Dog’s Life Near Hammock Lake Park

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The pond at the dog park in Dade-County Nursery

One of my favorite things to do is take my dogs to that beautiful park adjacent to the Hammock Lake and Snapper Creek Lake communities that I call ‘dog park’ (but many refer to it as the Dade County Nursery). It’s a vast parcel of unspoiled land nestled between Old Cutler Road and Red Road that the Matheson family gave to the County many years ago.

imagesCACWIDIDIt’s dog nirvana.  Most any time you’ll find dogs fetching frisbees  and swimming in the pond. On weekends (I am there every Sunday) I think there are as many breeds at the park as there are at the Westminster Kennel Club Dog Show. If you don’t have a dog it’s still a great place to hike!  You can park across the street from Fairchild Tropical Garden in the unpaved parking lot and follow the trail, or you can enter at the most southern end of School House Road (SW 52nd Avenue), and there is plenty of room to park.

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‘Dog Park’ is sandwiched between two premier, gated Coral Gables communities: Hammock Lake Park and Snapper Creek Lakes. Homes averaged $550ish per square foot in the last 18 months.  I sold the most beautiful home in the area in 2013 – a dreamy residence designed by Portuondo Perotti Architects.  The Buyers have dogs – I wonder if they found nirvana down the street!

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

 

Attention Urban Dwellers!

farmers market colorful fruitfarmers market fruitLUCKY YOU if you live in Coral Gables, Coconut Grove, South Miami, High Pines (and Ponce corridor), or Pinecrest, because they are Farmers’ Market communities!  A community is only as good as its ‘sense of community’, and there is something wonderfully refreshing and ‘grass roots’ about bumping into friends and neighbors while shopping for fresh produce!

Pinecrest GardensI shop at least one Farmers’ Market each week, and to add to the adventure, I either walk or cycle (sometimes I don’t recognize myself). I have to admit my favorite is the Pinecrest Gardens Farmers’ Market.  I live in South Miami but I am a Pinecrest Farmers’ Market girl.

Aside from the stellar fruits and vegetables, there are a few things I don’t resist:  Fatima’s Soaps and Candles are amazing, the guacamole guy has bar none the best EVER, my peeps LOVE the maple bacon and sweet Italian sausage,  and the lady in the middle-aisle bread station has THE best Asiago bread.

orangey faceWhether you live in one of these great communities or are thinking about buying real estate in Coral Gables, Coconut Grove, South Miami/High Pines, or Pinecrest, be sure to support the local economy, the local farmer, and HAVE A GREAT TIME!

 

 

 

Pinecrest Gardens Farmers’ Market | Pinecrest Gardens Parking Lot (the old Parrot Jungle) | Sundays, 9am – 2pm | November – May

Coral Gables Farmers’ Market | Lejeune Road & Miracle Mile (at City Hall) | Saturdays, 8am-1pm | anuary – March

Fairchild Farmers’ Market | Fairchild Tropical Botanics Garden | Saturdays, 9am – 2pm | I am not sure which months, but definitely March

Grove Green Market | Coconut Grove Playhouse parking lot | Thursdays, 2pm – 8pm | Check the months!

Coconut Grove Organic Farmers’ Market | 3300 Grand Avenue | Saturdays, 10am -7pm | Year-round

South Miami Farmer’s Market | SW 57th Court and Sunset Drive | Sundays, 9am – 2pm | Year-round

 

To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!

 

 

Home Sweet Home For Rent in Coral Gables 1220 S. Alhambra Circle

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3 Bedroom | 3 Bath

List Price $4,200/month | MLS No. A1913173

Beautiful, completely renovated, sun-filled, and enchanting; that’s how we describe this residence on one of the prettiest streets in the Coral Gables.  Each bedroom with bath, spacious kitchen with wood cabinetry and granite counters, a great room with fireplace, and a ‘wall of windows’ overlooking a lush, tropical oasis.  Walk to the best schools, markets, and cafes in the South Gables and South Miami.  This rental property is a “10”.


To learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at [email protected] or at 305-323-6231. Val Byrne – Working For You!