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New Luxury Home on the Market in Gables Estates for $67,000,000!

1 Casuarina Concourse in Gables Estates

1 Casuarina Concourse in Gables Estates

 

Another uber luxurious home went on the market in Gables Estates yesterday: 1 Casuarina Concourse made it’s official debut at $67,000,000.  It’s officially the highest priced home in Gables Estates, followed by 110 Arvida Parkway which is listed at $35,000,000, and my recent listing at 181 Leucadendra Drive which is offered at $22,500,000. 

Currently owned and built by Alan Potamkin in 2000, the Casuarina home boasts 20,862 square feet, and 937 feet of water frontage on over three acres.  I’ve been to the house on a couple of occasions and of course it is over-the-top beautiful, but the stand-out feature to me are the most magnificent collection of trees on the property.

181 Leucadendra Drive in Gables Estates

181 Leucadendra Drive in Gables Estates

For the luxury Buyer not ready to shell out $67,000,000 my listing at 181 Leucadendra is a stand-out gorgeous home of nearly 15,000 square feet (total sf is 17,500), and 270 feet of water frontage on over an acre of prime property. It is one of architect Cesar Molina’s greatest accomplishments.

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

“Setting the Stage”

I am a steadfast fan of staging an empty home when it’s for sale.  Why? Because the difference between a “house” and a “home” is invaluable, especially in Miami’s very competitive, fast-moving real estate market.  A home with artwork, floral arrangements, beautiful  furnishings and accessories, and area rugs will engage Buyers – more so than a blank palette.  The collaboration of a gifted ‘stager’, knowledgeable realtor, and motivated Seller will render the highest and best sale in the shortest amount of time.

Cloisters on the Bay "Before"

Cloisters on the Bay, Villa #1137 “Before”

 

Cloisters on the Bay Villa #1137, "After"

Cloisters on the Bay “After”

Recently, I had the ever so talented Jenny McCloskey stage homes that I had for sale in Cloisters on the Bay in Coconut Grove (3471 Main Highway), and another in Coral Gables.  Both homes looked magnificent when completed and both sold shortly after being staged (and the Buyers asked if they could purchase some of the interior decorations!).

I am so excited to have another gorgeous home for sale that we will be staging next week!  5030 Davis Road (SW 80th Street) will get that touch of the magic wand that Jenny waves…wait till you see the “before” and  “after” pictures!  Casa Iluminada has attracted a lot of attention with it’s magnificent walls of glass, European kitchen,, Brazilian walnut floors, and amazing finishes.  Stay tuned for the finale!

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

Who Sells the Most Million Dollar Residences?

Million

Once again EWM Realty International ranks #1 in the number of homes sold over $1,000,000 in Miami-Dade and Broward Counties. With $417,320,000 in sales of million dollar+ homes in the first quarter of 2015 Buyers and Sellers have chosen EWM over the competition! Bringing it down to a more simple reality, EWM Realtors sold a home in the $1mil+ range every 15 hours! I consider myself fortunate to be in such good company.

All indications of sales and pending sales in the neighborhoods I specialize in – Coral Gables, South Miami, Coconut Grove, Ponce/Davis corridor, Pinecrest, and Palmetto Bay – are pointing in the same direction for the second quarter!   If I were to predict which $1,000,000+ properties I have listed were going to sell this quarter I would bank on these timeless, outstanding residences:

181 Leucadendra Drive With 270' of Glorious Waterfrontage

181 Leucadendra Drive, Coral Gables | List Price: $22,500,000 | www.181Leucadendra.com

Back Exterior Panorama

5030 Davis Road, Ponce-Davis Estates | List Price: $5,495,000 | www.CasaIluminada.com

wonderful pool and patio for entertaining

11205 SW 93rd Court, Baptist Hospital Corridor | List Price: $1,099,000 | www.11205SW93.com

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

Come Have Lunch on Leucadendra!

181 Leucadendra Drive With 270' of Glorious Waterfrontage   www.181Leucadendra.com

181 Leucadendra Drive With 270′ of Glorious Water Frontage www.181.Leucadendra.com

Val Byrne & Associates and The Zeder Team are opening up two magnificent homes in Gables Estates on Wednesday, April 15th, between 12:30 and 2:30.  Sandwiches and refreshments will be served at 485 Leucadendra Drive, and then hop on over for a yummy dessert and more refreshments at 181 Leucadendra Drive. See you there!!

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

 

From the Horse’s Mouth…Latest Scoop on the Main Highway Drainage Project!

Miami-Dade-County-LogoCoconut Grove is buzzing with projects! Besides the new and beautiful Park Grove and Grove at Grand Bay Towers there are many ‘works in progress’:  Regatta Park & surrounding plans,  Save the Coconut Grove Playhouse, Commodore Plaza sidewalk beautification, CocoWalk revival, and of course new commercial ownerships and proposed site plans all over the Grove.

Very large and intensely discussed on the list is the Stormwater Drainage Improvement Project on Main Highway.  That’s Dade County’s child, not the City of Miami’s, and there isn’t any voting about it – it’s a must, it will be messy until completed, and progress is sometimes painful.  We barely live above sea level,  and proper drainage is a must. City of Miami Commissioner Marc Sarnoff was kind enough to issue a letter to the community with the facts (as the County presented them).

misc_floodThere is an ocean of information in his letter (see below), complete with site maps, but in a nutshell beginning in June and for approximately seven months (ha ha)  there will be a retrofitting of the existing drainage system along Main Highway between Royal Road and McFarlane Road.  Main Highway will be one lane only moving in the north direction, and Grand Avenue will essentially be the route out for southbound traffic. Ouch.

Just thinking about it gives parents dropping off at St. Hugh’s, Ransom, Carrollton, and Plymouth Congregational Pre-School some serious anxiety, but this too shall pass!  Many moons ago I worked in Miami Lakes and the commute was really, really painful.  My father’s advice? Turn up the radio and enjoy the ride.

 

The Insider Scoop on the Main Highway Drainage Project

We have received a large volume of emails and phone calls regarding the upcoming Miami-Dade County Stormwater Drainage Improvement Project on Main Highway. With the many rumors and gossip that have been circulating throughout the community, we wanted to present the plans as they have been presented to us by the County. Hopefully this clears up any misunderstanding about the project and its intention.The project is slated to begin in June of 2015 and will retrofit the existing drainage system that has failed due to age and been compromised by tree root intrusion. As you can see in the diagram below, the project stretches from Royal Road to MacFarlane Road and will take 7 months to complete. Miami-Dade County officials have told us that the project was actually going to start earlier. However, it was pushed to June to prepare those frequenting the schools on Main Highway for the incoming traffic congestion when the new year school year begins and to allow for the completion of the Southwest 27th Avenue Project.

With a project of this magnitude, there are bound to be many community concerns. The first is obviously traffic. Undeniably, this will narrow one of the most used streets in this community, especially for drop off and pick up during the school year. Traffic will be one-way, heading North, and southbound traffic will have to be rerouted down Grand Avenue to Douglas Road. See the below illustration for a visual representation.

Another concern for the community and this office has been the removal of trees along this signature corridor in Coconut Grove. We have been told by the County that NO trees will be removed during this project. This project only addresses the stormwater drainage system underneath the street. Additionally, the City has requested that a bike lane be striped on the side of the street, removing the commodore trail from the sidewalk.Another concern we have heard from residents is that the County project is to add sewage lines for up-and-coming high-rise development down Main Highway. This was also answered in the negative by Alejandro Barrios, the Miami-Dade County project manager. This project is EXCLUSIVELY for retrofitting an outdated stormwater drainage system. Additionally, nowhere in Miami-Dade County do stormwater drainage pipes run next to sewage pipes.If you have any additional questions about the project itself, feel free to reach out to Alejandro Barrios, or Francisco Gonzalez at the Stormwater Drainage Design Section of Miami-Dade County, and they will help you. Please call 305-375-4772.As always, if you have questions or concerns that you’d like to share with our office, you can always call us at (305) 250-5333 or email me at msarnoff@miamigov.com.

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!

Recently Listed by Val Byrne in Gables Estates 181 Leucadendra Drive

Preferred

Designed by Cesar Molina and Jodel Narcisse, and inspired by the Vanderbilt mansion on Fisher Island, this exquisite Mediterranean hacienda on the premier lagoon in Gables Estates, reigns as one of the most magnificent homes in this guarded community in Coral Gables along Biscayne Bay.   A main house designed to follow the arc of the property and lagoon, two carriage houses, and a two-bedroom service house form the perimeter of a gracious courtyard of European scale.  270′ feet of water frontage (only a moment to the Bay) are flanked by gorgeous terraces, porticos, and a gazebo for opulent outdoor living.  This is truly an exceptional estate.

Property Details:

 • 7 Bedrooms | 7.5 Baths

• 14,946 Adj. Square Feet | 48,274 Square Foot Lot | 270′ Water Frontage

 • List Price: $22,500,000

www.181Leucadendra.com

Aerial Tour

 




181_Leucadendra_Dr-13181_Leucadendra_Dr-17

181_Leucadendra_Dr-11181_Leucadendra_Dr-14

181_Leucadendra_Dr-2181_Leucadendra_Dr-8

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!

Hey Chris, Why Don’t You Ask Lebron Why He Chose To Live Coconut Grove?

lebron

If you haven’t read “Why Won’t Anyone Buy LeBron James’ Miami House?”, click the link and be as amused as I was. The director of luxury sales for a respected real estate company explains why LeBron’s house hasn’t sold in 6 months. In David Letterman-style I’ll name the reasons in reverse, and save the best for last:

Lebron James

 

“LeBron’s $17 million mansion won’t sell because…”

6) It’s not in the ideal ideal location (yes, ‘ideal’ is used twice).

5) People spending this kind of money are not impressed by who owns it.

4) It’s hard to find someone who will write a $17 million check.

3) The Grove is too residential so you’re not going to get the big baller-type rollers.

2) Big money tends to gravitate to Miami Beach.

1) LeBron James’ home is in the Coconut Grove neighborhood.

Do you think he checked that story out with LeBron? Do you think Chris has been to Coconut Grove? LeBron could have lived anywhere in Miami, and I know of a half dozen houses in Miami that were considered, but legendary ex-Miami Heat player #6 chose 3590 Crystal View Court because it IS the ideal location, and it IS in the ideal neighborhood. I won’t bother to go into the reasons why, and I wouldn’t be foolish enough to knock Miami Beach because I LOVE it.

Next week I am listing 181 Leucadendra Drive in Gables Estates for $22,500,000. It’s an ideal neighborhood where plenty of “big baller-type rollers” live under the radar, and $17 million is what the last land parcel sold for! Here’s a preview:

181_Leucadendra_Dr-27

 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!

All Eyes Are On Miami!

EWM

Did everyone read last week’s Business Monday cover story about Miami being a leading luxury capital of the world?   It was a WOW moment for Miami where we were defined as “a cosmopolitan playground for the world’s wealthy,” “the American Riviera,” and “a magnet for capital and people from all over the world.” To put it in perspective Miami is:

  • No. 7 of 10 top markets globally according to Wealth Report real estate
  • No. 9 of 10 in luxury real estate markets according to Christie’s International Real Estate (Cote d’ Azur, London and Miami are the world’s most popular second homes)
  • No. 9 globally and No. 2 in the United States in sales of Krug Champagne
  • No. 1 globally in sales of Vilebrequin swimwear
  • No. 2 in the United State in sales of Audemars Piguet watches
  • Way the heck up there in world-wide sales of Breguet watches, Ferragamo shoes & accessories, Burgess Yachts, and Maserati cars

So those are some light-shedding statistics on this great city that I have called home all of my life and sold real estate in for 20+ years (specializing in Coral Gables, Coconut Grove, South Miami, Pinecrest, & Palmetto Bay). The most amazing characteristic of Miami is how resilient we are, and how quickly we recovered from the ‘dark days’ which were darkest in 2007 & 2008. By 2009-2010 we were well on our way to recovery, and 2014 was a record year for real estate sales in both luxury ($1mil+) and non-luxury real estate markets.

You can track the inventory and sales of luxury and non-luxury real estate in Miami for the last 12 years on the two graphs below (click on graph for enlargement):

Over 1 Mil

All

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!

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!