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Condo & Condo Communities Category

The Buzz on Condos in Coconut Grove! There’s Life Beyond Park Grove…

I have clients coming to Miami this month who want to buy a condo in Coconut Grove but can’t afford nor wait for Park Grove to be completed.  I adore Park Grove but we have to remember there is life beyond that site! Architectural styles change and building popularities ebb and flow, but panoramas of sunrise, sunset, Sailboat Bay, and downtown Miami remain constant. Where does one go when they want to be a condo-wheeling Grovite before 2016-17? 

Grovenor House

There are five properties for sale between $1.6 mil and $8.750 ranging from 1,750 sf to about 6,900 sf.  Ugo Colombo completed this majestic 32-story tower in 2006 and it still reigns in my eyes as the king of South Bayshore Drive.

Grovenor House, 2627 S. Bayshore Drive

Grovenor House, 2627 S. Bayshore Drive

Ritz Carlton Tower Residences & Executive Residences

The ‘Ritz’ is the benchmark for luxury and elegance and between the two Ritz Towers there are four units for sale between $970,000 and $2.350 mil, ranging in size from 1,560 sf to 4000 sf.

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Ritz Carlton Tower and Ritz Carlton Executive Residences, 3400 & 3350 SW 27th Avenue

Yacht Harbour

It was the bomb when it debuted in 1975 and this Ken Treister classic is still one of my favorites.  They just finished the 40 year re-certification at Yacht Harbour and with it came new balconies and a completely fresh face at poolside.  There are 4 great units available right now and 2 of them, in the coveted “A” line, have direct views of Sailboat Bay for $799,000 and $675,000.

View from Yacht Harbour, 2901 S. Bayshore Drive

Grove Isle

The views from Grove Isle are endless, and so is the resort lifestyle: hotel, spa, tennis courts, marina, and restaurant – it’s all grand on this private island. Between the 3 buildings there are 10 two and three bedroom units for sale right now between $675,000 and $1.45 mil.

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Grove Isle, 1, 2 & 3 Grove Isle Drive

Mutiny Hotel & Condo and Mutiny Park Sonesta Condominium

The Mutiny Hotel located at 2951 S. Bayshore Drive, and Mutiny Park Sonesta Condominium located at 2889 McFarlane Road have a diverse range of inventory beginning at $219,000 and reaching as high as $1.5mil. Both properties appeal to the Coconut Grove investor and periodic visitor who values the hotel/condo platform allowing short and long term visitors.

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The Mutiny Hotel & Condo, 2951 S. Bayshore Drive & Mutiny Park Sonesta Condominium, 2889 McFarlane Road

There are other fabulous buildings in the Grove to consider but there isn’t much for sale in them at the moment. Always on my radar are the Residences at Vizcaya, Grove Hill Tower, Beacon Harbour, Grove Towers, and Mayfair Lofts. Without a doubt, the selection of condominiums in Coconut Grove is as diverse and eclectic as the people who live there.

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

Miami Real Estate 2015….Words of Wisdom from the Wise Guys!

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From left: Ron Krongold, Nitin Motwani, Don Peebles, Jacob Roffman, Tom Roth

The Real Deal has published “What top Miami developers are predicting for 2015.” In a nutshell the fresh and out-of-the-box thinkers at Grass River Properties are entrenched in the Miami facts that have always driven our economies: Miami appeals to major onshore institutional investors, private equity, and international investors. We attract Latin Americans looking for flight capital and safe haven. We are a magnet for Europeans looking for lower tax bases and better climate, and Northeasterners who have always fled south for warm weather are drawn to our no state tax status. Tom Roth, principal at Grass River Properties, says all of this combined with the residential options and vibrant lifestyle that has evolved in the last 15 years will drive the residential, retail, and office markets in Miami.

Jacob Roffman, principal at 13th Floor Investments and developer of 1010 Brickell, sees young professionals and international investors shaping the residential market in 2015. The young professionals moving in the direction of urban sensibility have driven development investors to these core urban areas. Roffman sees foreign demand for ‘for-sale’ products moderate as it becomes increasingly difficult to move capital out of foreign countries.

According to Don Peebles, we are going to see continued strength in the luxury condos and the development of luxury condos for rental housing as the gap in the cost of rent and the cost of ownership narrows.

Nitin Motwani, developer of Paramount Miami Worldcenter in downtown Miami, believes in those developments with active sales and marketing infrastructures, strong sponsors, and a unique experience or location will be in high demand (that defines most of the developments I have interest in!).

Ron Krongold (Gold Krown Financial) sees the Miami market leveling out as our inventory increases to seven, eight, and nine months of supply (six months is considered the healthy ‘ideal’). At EWM Realty International we have seen the first signs of inventory increasing but demand in all markets is still extremely strong, and well-priced properties are moving quickly.

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

South Florida by the Numbers!

The Real Deal, which is a daily read or feed for active realtors, released the “Thankful in Miami Edition” today which highlights some interesting South Florida stats. This information isn’t going to make or break your day but they are fun facts:

  • How many hurricanes have hit South Florida since 2005?   0 / Nada
  • What is Miami’s average temperature? 75.9 degrees (Have you seen what is happening across the country this week? Six feet of snow in Buffalo in one day – yikes!)
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Matheson Hammock Park in Coral Gables, FL

Winter Weather

Buffalo, NY

 

 

 

 

 

 

  • What percent increase did South Florida have in median sales prices in the 3rd quarter? 8.7%
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    515 San Antonio Avenue, Coral Gables, FL

    What percentage of Miami real estate transactions have been conducted by international buyers this year? 29% This is down from 2013 when then the number was 35% . I am having a hard time believing the number of international buyers is down because I have never had so many international clients. Just this week alone, one property that I have listed in Coral Gables at 515 San Antonio has been looked at by buyers from Italy, Uruguay, Argentina, Venezuela, and Spain.

  • How many people are predicted to pass through MiamiCentral (All Aboard Florida’s downtown Miami station) each year? 12 million!!!! The dollar impact of that is unknown to me but my first thought when I heard about All Aboard Florida was, ‘Where was that when I was trekking to Walt Disney World and Halloween Horror Nights those 30 or so times?”

All-Aboard-Florida_-Map_WebTo learn more about real estate in South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne at val@valbyrnerealtor.com or at 305-323-6231. Val Byrne – Working For You!

Just Sold by Valaree Byrne in Coconut Grove! Cloisters on the Bay, Villa 1137

Sitting Area 2

List Price: $1,699,000.00

3 Bedrooms | 4 Baths

www.Cloisters1137.com

It has been an absolute pleasure to market and sell Villa 1137 at Cloisters on the Bay in Coconut Grove. I’ve sold many properties in and near the heart-of-the-Grove, but none so close to my favorite restaurants, Green Street Café and the Bombay Darbar Indian Restaurant. Anytime a prospective Buyer was late, I walked over to Green Street’s for a snack; when I had early evening showings I had dinner at Darbar after.

Those aren’t the only reasons though – I can’t say enough about that community. The people who live AND work there are wonderful (the guards are the best I have seen in my 20+ year real estate career), the grounds are beautiful and spectacularly kept; of course the tennis courts, club house, and pool are first class, and being nestled between the Barnacle Historic Park, Peacock Park, and Biscayne National Park is heavenly. Cloisters on the Bay is the best kept secret in Coconut Grove, although I guess not such a secret anymore – three of them sold there this month! Congratulations to the lucky Buyers!

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

Coral Gables, A Top Performing Condo Market!

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1300 Ponce de Leon Boulevard

I quote that from this week’s Miami Herald Business Monday, and I can vouch for it! I have been out this month searching for the ‘perfect’ condo in Coral Gables for 3 different Buyers and 2 different Renters, and in both markets condos are moving like hot cakes; especially in the $300,000-$750,000 range. Special writer Peter Zalewski says Coral Gables is statistically outpacing – on a per capita basis – nearly every coastal condo market east of I-95 in Dade, Broward, and Palm Beach Counties.

All of my clients are looking for a newer building with the bells and whistles like luxurious lobbies, 24-hour security, gym (or two!), club & party rooms, business rooms, and resort style pools. Of course all of that needs to be within walking distance to downtown Coral Gables and its wonderful restaurants, boutiques, and farmer’s market!

There are so many wonderful developments that fit that bill, and they are not only great to buy to live in, but they are wonderful to rent until you’re ready to buy. My new favs are 55 Merrick Place, the Andalusia (although there’s no pool), 1300 Ponce, and 50 Alhambra. I’m so glad Peter Zalewski found the time to write about Coral Gables; it was refreshing to hear about something other than Brickell City Centre for a change!

1650 Galiano Avenue 'Century Village'

1650 Galiano Street ‘Century Village’

1607 Ponce de Leon Boulevard

1607 Ponce de Leon Boulevard

 

 

 

 

 

50 Alhambra Circle

50 Alhambra Circle ‘Villa Alhambra’

1805 Ponce de Leon Boulevard

1805 Ponce de Leon Boulevard ‘Ponce Tower’

 

 

 

 

 

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55 Merrick Way

 

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

Just Sold by Val Byrne in the Gables Marquis! 3232 Coral Way, Unit 1403

Gables Marquis

List Price: $338,000.00

2 Bedrooms | 2 Baths

The Buyer and I were so pleased to have found the Gables Marquis, a gem of a building a couple of blocks east of Miracle Mile. We looked at Ten Aragon, Merrick Place, Villa Isabella, and The Minorca in Coral Gables; and then searched Metropolis and Toscano in the Dadeland area before stumbling upon the Gables Marquis at 3232 Coral Way. It’s a wonderful mid-priced building offering a cache of amenities which include 24-hour guard, 24-hour valet, and a beautiful pool, gym and clubroom. You know what the clincher was? Floor to ceiling glass with stunning, unobstructed views of Coconut Grove, Biscayne Bay and beyond. Congratulations to the Buyer!

 

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

 

Just Sold by Val Byrne at Quantum on the Bay!

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List Price: 399,000.00

2 Bedrooms | 2 Baths

We closed on this wonderful loft in Quantum on the Bay earlier this morning. Located in the heart of Miami’s up-and-coming hotspot, Edgewater is booming with activity. There are countless attractions in the area, however, my favorite has to be Margaret Pace Park, located right along the Bay which makes for beautiful views and cool breezes on hot summer days; with basketball courts, beach volleyball courts, tennis courts, barbeques and picnic tables throughout and not to mention the entire park is dog friendly! Congratulations to the Buyer, who was thrilled to be downsizing from house to condo, and really happy to be in the Quantum community.

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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 val@valbyrnerealtor.com or at 305-323-6231. Val Byrne – Working For You!