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How Does the Recent Waterfront Sale on North Bay Road Compare to Coral Gables and Coconut Grove Waterfront Property? Hmm…

A1927296_101_12

5840 North Bay Road, Miami Beach

A magnificent “builder’s acre” (37,895sf) on tony North Bay Road just closed for $15,250,000 (asking price $15,900,000, listed in February, 2014). What the Buyer will do with the existing 6 bedroom/5 bath home, circa 1929, remains to be seen but all are guessing that it is coming down. A Coral Gables-based family purchased the property which makes one ask what could they have purchased on the water in Coral Gables or Coconut Grove for a similar amount?

If you are out shopping for “waterfront” property in Coral Gables or Coconut Grove between $15,000,000 and $20,000,000 there are only six options; four in the Gables (two in Gables Estates, one in Cocoplum, one in Journey’s End), and two in the Grove (one in Entrada Estates and of course the uber cool nest LeGone James just left)

Only Lebron’s house at 3590 Crystal View Court, and 3575 Stewart Avenue in Entrada Estates have the sweeping Bay views that compare to the North Bay Road property, but it would certainly be desirable to live in Gables Estates, Cocoplum, or Journey’s End! Here is a snippet of what’s out there!

9151 arvida

9151 Arvida Lane, Coral Gables

9485 old cut

9485 Old Cutler Lane, Coral Gables

 

 

 

 

 

 

 

 

325 leuc

325 Leucadendra Drive, Coral Gables

A1906833_201_89

300 Costanera Road, Coral Gables

 

 

 

 

3575 stewart

3575 Stewart Avenue, Coconut Grove

A2014251_201_12

3590 Crystal View Court, Miami

 

 

 

 

 

 

 

 

 

 

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!)
matheson

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%
  • 001-Welcome_To_Beautiful_515_San_Antonio_Avenue-1281025-mls

    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!

Too Tired to Walk On Halloween?

halloween-1

 I’ve had a couple of clients who recently moved to Miami ask me where they can relax and enjoy a Halloween Party with their kids.

If you live in Coral Gables, Coconut Grove, South Miami, Pinecrest, or Palmetto Bay you are in SO much luck! These communities are so exceptional, and I don’t say that because most of my sales are in these neighborhoods; my sales are in these neighborhoods because the communities and the government centers that manage them are THE BEST! Enjoy Halloween Events at anyone of these venues:

 happy-halloween-house-wallpaper

Coral Gables: Halloween on the Mile. From 4 pm to 7 pm, there will be trick-or-treating along the Mile and its adjacent streets. Other activities include story time at Books & Books at 4:30 pm, a children’s costume contest at Actors’ Playhouse at the Miracle Theatre at 5 pm and a doggie costume contest at the Coral Gables Museum at 5:30 pm.

Coconut Grove: Howl-o-ween at Cocowalk. From 2 pm until 7 pm, children are invited to trick-or-treat in and around Cocowalk. In addition to loading up their Halloween goody bags, children will also be able to enjoy face painting, a costume contest, magicians and clowns.

South Miami: Safe Streets Halloween. From 4 pm until 7 pm, the City of South Miami will be closing off Sunset Drive from US1 to Red Road for its annual Halloween trick-or-treating event.

Pinecrest: ‘Track or Treat’ at Evelyn Greer Park. Show up dressed in your Halloween best at any time from 5 pm until 7 pm and join the community trick-or-treating along the track and sampling yummy treats from local businesses.

Palmetto Bay: ‘Where Monsters Go’ at Coral Reef Park. This event begins at 6 pm, with a free movie screening of Hotel Transylvania at 7 pm. Trick-or-treating, games and other activities are just a sampling of the fun that the Village of Palmetto Bay has in store for its residents for Halloween. Children and adults dressed in costume will be automatically eligible to receive a raffle ticket to win ghoulishly.

 

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!

Miami Home Prices Up 10.5% in August!

That was tucked away on page 3 of the Business Section in the Miami Herald today (had it been bad news it would have been plastered across the front page!). That 10.5% increase is reflective of the Miami real estate market since August 2013.

I have been selling residential real estate in Miami for 20 years: specializing in Coral Gables, Coconut Grove, South Miami, Pinecrest, and Palmetto Bay. I know that real estate statistics should be looked at neighborhood by neighborhood; it is neither possible nor fair to ‘blanket’ a percentage across an entire town, especially one as diverse as ours. In some areas the prices have far exceeded a 10.5% increase!

65

3551 Main Highway, Coconut Grove, FL | List Price: $65,000,000

Let’s look at the single family home markets from August 2013 through August 2014 in the wonderful communities I spend most of my time in.  Although Coral Gables had a small slip in sales price this past August, it has generally seen more than a 30% increase over the year, and the sales prices in Pinecrest have had a similar increase! The sales prices in Coconut Grove look like they have been taking steroids (wait until the most expensive luxury/waterfront home listed in Miami sells).

There have been months with really strong price increases in Palmetto Bay, but over the year the prices averaged about a 10% gain.  In South Miami, where I live, love, and have sold over 100 homes it looks like we’ve had significant decreases in sales prices but the truth is South Miami has such disparity in the price ranges of the properties and neighborhoods that the numbers can look very skewed.  In the more expensive neighborhoods there is hardly any inventory, but over the next 6-12 months there will be so many newly constructed homes coming on the market and closing in the $2mil+ market that we will see a very strong price increase.

 

Coral Gables

Coral Gables

Coconut Grove

Coconut Grove

South Miami

South Miami

Pinecrest

Pinecrest

Palmetto Bay

Palmetto Bay

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!

Recently Listed by Valaree Byrne in Coral Gables! 515 San Antonio Avenue

001-Welcome_To_Beautiful_515_San_Antonio_Avenue-1281025-mls

Welcome to 515 San Antonio Avenue, the most prominent and beautiful home on the street! Built in 1990 with a mix of traditional Florida Vernacular and modernism, this 2-story gem is an architectural breath of fresh air, and functionally a home run!

Property Details:

 • 4 Bedrooms + Office | 3 Baths

• 3,819 Adj. Square Feet / 14,700 Square Foot Lot

 • List Price: $1,449,000

www.515SanAntonio.com

Gorgeous Great Room

Gorgeous Great Room

Ever So Comfortable Family Room

Ever So Comfortable Family Room

 

 

 

 

 

 

Splendid Eat-In Kitchen

Splendid Eat-In Kitchen

Breakfast Niche

Breakfast Niche

Captivating Master Suite

Captivating Master Suite

Romantic Master Bath

Romantic Master Bath

Spacious Children's Room

Spacious Children’s Room

Fabulous Pool & Spa Awaits

Fabulous Pool & Spa Awaits

 

 

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

Coral Gables, A Top Performing Condo Market!

1300

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’

 

 

 

 

 

55merrick

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 Listed in North Coral Gables by Val Byrne! 841 Columbus Boulevard

A home sweet home with charm galore on one of George Merrick’s most quiet, beautiful, tree-lined streets in historical north Coral Gables. It’s one of the very few homes with three bedrooms and two baths under $500,000 in Coral Gables! An impressive double door entry opens to a warm, sunny home with wood floors, an updated kitchen, recent baths, and a one-car garage.

Property Details:

 • 3 Bedrooms / 2 Baths

• 1,422 Adj. Square Feet / 5,000 Square Foot Lot

 • List Price: $495,000

www.841Columbus.com

 

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!

About the Most Expensive Home and Breakfast

 

Le Palais Royal in Hillsboro Beach, Florida  List Price $139million.

Le Palais Royal in Hillsboro Beach, Florida List Price $139million.

So Le Palais Royal on Millionaires Mile in Hillsboro Beach has weighed in as the most expensive luxury home in the US at $139 million dollars. There are a lot of things to do at this 4-acre ocean front estate like watch a movie in your Imax Theatre, sip drinks at your bar & lounge, or play some golf on your putting green.   The rest of the bells and whistles one might expect; 11 bedrooms, 17 baths, 492-foot private dock, and underground parking for 30 cars.

I would still rather live in the most expensive luxury home in Coral Gables, Miami Beach, Key Biscayne, or Coconut Grove so I could walk to a cool place for breakfast like the Donut Gallery on the Key (their “Heart Attack” is the best), Greenstreets Café in Coconut Grove, the News Café on South Beach, or brunch at The Biltmore Hotel.  Sunday Breakfast is the highlight of my week so I would have to remain local if I were to live in the most expensive home.  Hillsboro Beach wouldn’t cut it for me.

 

 

What Can The Young and Restless Do in Coral Gables in the Wee Hours of the Night?

photo 1Well, for kicks you might swim with the alligators in the canals at Gables-by-the-Sea; or maybe check out Ray Allen’s house while the wife and kids are sleeping? NOT. It does make for some interesting reading though. This weekend some restless party goers at a home on Lugo Avenue in Gables-by-the-Sea jumped into the canal to swim and apparently ticked off an alligator who bit the two kids (South Miami Hospital ER probably hasn’t seen that in a long time).

That event still doesn’t score as high on the knucklehead richter scale as that of the kids at the Tahiti Beach party who ‘snuck’ into Ray Allen’s house while his wife and kids were sleeping. Could that have sounded remotely like the Sean Taylor event a few years back? Although different circumstances, what if Ray or Shannon Allen had defended their homestead with a shotgun? Would the Coral Gables police still be debating what crime occurred?

Last question: since Ray Allen finally bought the home he had been renting in Tahiti Beach (for $11,000,000), does that mean Miami will be home? T-minus 48 days until game 1 of the Heat season.

ray

Ray Allen’s New Tahiti Beach Home

 

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 Deering Bay Estates! 13632 Deering Bay Drive

deering bay exterior

List Price: $1,099,000.00

3 Bedrooms | 3.5 Baths

www.13632deeringbayclubvillas.com

The Club Villas are the best kept secret in Deering Bay, maybe in all of Coral Gables! Located midway between the illustrious Milano, Verona, and Siena buildings and the Estates of Deering Bay Yacht and Country Club, these very spacious residences offer the comforts of a single family home like a private backyard and 2-car garage, with the all-star amenities and maintenance free lifestyle offered in this world class community. Congratulations to the 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!