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Luxury Homes Miami Category

Insight 2016…The Mid-Year Update Is Here!

 

Our fearless leader, Ron Shuffield, has posted his mid-year real estate update for Miami-Dade and Broward counties.  Whether you watch the video or the online report, the data, facts, and trends he regularly provides us are a beacon light which guide EWM realtors and clients.  Ron not only presents clear pictures of activity in the luxury and non-luxury markets during the first half of 2016, he previews what lays ahead with cash buyers and their ‘pent up demand’ for real estate, foreign buyers and currency rates, and the most important gauge of our real estate market: levels of inventory and the pace at which they are moving.    Take 10-15 minutes and either watch or read Insight 2016 – you’ll be glad you did!

With 40%-50-% increases in luxury market inventory from June, 2105 through June, 2016 we can all take comfort in knowing that inventory levels appear to be leveling off.  At this point in time the luxury market appears to have 12-18 months of inventory, and by comparison the less-than-$1million price range has a healthier 6-9 months of product on hand.  My listings and sales in 2016 have predominantly been in the Coral Gables, Coconut Grove, South Miami, and Pinecrest neighborhoods, so I have graphed overall activity in both luxury and non-luxury market in those areas (see below).  As portrayed in the Insight 2016 report, after a steady climb over the past year, inventory levels do appear to have leveled off in April, May, and June.

 

Coral Gables

Coral Gables

Pinecrest

Pinecrest

Coconut Grove

Coconut Grove

South Miami

South Miami

This property was SO special the Buyers made the offer without ever having given the slightest thought to moving!  In a happenstance moment one Sunday afternoon the Buyers, who lived in the neighborhood many years ago, stopped by our open house with friends – partly to see the house that had been so talked about, and partly to say hi to their old friend.  From that point on the afternoon took on a life of it’s own; old friends rekindled, “Cool House” lived up to it’s nick name, and these wonderful Buyers who had not given a moment’s thought to moving from Pinecrest fell in love and are now my neighbors.  Congratulations to the most wonderful Buyers and Sellers.  Best of luck to all of you.

 

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

Ocean Drive Magazine Makes a Poolside Splash at 181 Leucadendra Drive in Gables Estates!

Ocean Drive Leuca

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This week, Ocean Drive Magazine featured the spectacular infinity edge pool & outdoor living spaces at 181 Leucadendra Drive in Gables Estates.  To quote them in this feature story titled, “Miami Homes with Jaw-Dropping Pools to Stay Cool This Season ,”  “The open-air spaces at this Mediterranean estate rival the indoors” and anyone who has visited this exquisite property will agree!  181 Leucadendra Drive was the masterpiece creation of architect Cesar Molina, and we know Cesar Molina is the master creator of opulent, over-the-top outdoor living.  

Boasting 270′ of waterfront on Gables Estates widest lagoon adjacent to Biscayne Bay, anyone can see why this glorious setting was magazine worthy!  See for yourself in the pictures below and if you would like a private showing please call me!

 

181_Leucadendra_Dr-3

181_Leucadendra_Dr-7

Valaree-181 LeucadendraAerialBestcrop

twilight med res

 

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

The Five Cities Where Prime Property Prices Exploded the Most (and Miami is not one of them)!

Vancouver. TheRealDeal.com

Vancouver. TheRealDeal.com

The Real Deal reports that Vancouver (Canada), Shanghai (China), Sydney (Australia), Melbourne (Australia), and Cape Town (South Africa) are the top five cities where property prices have exploded the most. Let’s define Prime Residential Properties: the top 5% of the wider housing market in each city.

Shanghai. TheRealDeal.com

Shanghai. TheRealDeal.com

Put into perspective, prime prices in the top 35 cities increased an average of 3.6% in the twelve months prior to March, 2016, but the top five had prime price increases in the double digits! According to Knight Frank’s latest Prime Global Cities Index report the double digit growths were attributed to low supply and record-low interest rates.

For the curious, Miami was ranked number 14 with 3.8% growth (New York ranked #17; Los Angeles #10).

 

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

Just Sold by Valaree Byrne in Coconut Grove 1644 Onaway Drive

1644 Onaway Drive, Coconut Grove, FL

List Price: $860,000

2 Bedrooms | 2 Baths

When I first visited this sweet home in the North Grove it reminded me of a watercolor painting of “Old Coconut Grove’ I’d seen at one of the art festivals.  It was love at first sight, and not only for me – I had more callers on this home than any other I have sold in the Grove! Built only a year after the 1925 incorporation of Coconut Grove (which was soon incorporated into the City of Miami), this house is the remarkable marriage of old world charm and bohemian elegance.  It was no surprise that we had multi-offers on the table the first week, and once again we could all say perseverance pays off.  Congratulations to the Seller and to the lucky Buyers!

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

Recently Sold by Valaree Byrne in South Miami 5971 SW 86th Street

List Price: $1,849,000

6 Bedrooms | 5 Baths + 1 Half Bath

http://www.5971sw86.com

 Another sale in my favorite little South Miami neighborhood (because I live in it and am partial!).  I already know I will love my new neighbors, and I think they will love theirs too!  Congratulations to everyone.

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

Recently Sold by Valaree Byrne in South Miami 8031 SW 58th Avenue

8031 SW 58th Avenue, South Miami, FL

List Price: $895,000

3 Bedrooms | 3 Baths | In-Law Suite

http://www.8031sw58.com

This was a very special transaction on many levels. First, it was a complete honor and pleasure to come to know the Seller, Charlotte Dison. A couple of years ago I wrote a blog about Dison Park, which was a new park in South Miami thoughtfully created by it’s next door neighbor and the park’s land owner, the same Charlotte Dison. I had a brief but impressionable encounter with her many years before, and was thrilled when she called me last summer to talk about selling her home. 

Secondly, real estate education is on going and Charlotte taught me a lot.  In a multi-offer situation she chose an offer contingent on financing over a cash offer – a first in my career.  Why?  Because it is important for everyone to have an opportunity for home ownership.  We ended up selling to another Buyer later on, but it was the original Buyer’s option to withdraw from their Contract.  

Third lesson that was reinforced is that selling one’s home is bittersweet (and sometimes just plain sad).  Charlotte and I have a lot in common: we married and raised our families in South Miami (our houses are 5 blocks away from each other!), we have made life long friends of nearby neighbors, and our homes are the fabric of our lives – that’s really hard to walk away from:(  When we left the closing table we both had tears in our eyes; Charlotte saw her past and I saw my future.  Congratulations to the new Buyer, and good luck to my friend, Charlotte, who I will fondly miss.

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

Just Listed by Valaree Byrne in South Miami 8598 SW 63rd Avenue

“Enchanting” describes this one-of-a-kind estate of four independent structures linked with magnificent rooflines and keystone walkways sheltered by trellises and extended eaves. A collaboration of talented husband/wife residential and landscape architects, this sprawling near-acre compound along the Snapper Creek Canal includes a main house, fully outfitted Southern-style guest cottage, office structure with twin offices & lofts (which might be converted to bedrooms), and  three-bay carriage house.  An encircling indigenous forest and organic produce garden is nothing short of awe-inspiring, especially for those who appreciate South Florida living.  There is nothing like this anywhere…you will have to see it to believe it!

Property Details:

Main House | Offices & Lofts | Guest House | 3 Bay Carriage House

4,291 Adj. SF | 32,272 SF Canal-Front Lot + Canal Easement

List Price: $1,749,000

http://www.8598SW63 .com

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

Recently Listed by Valaree Byrne in Pinecrest 10720 SW 69th Avenue

Fall in love with this wonderfully refreshing, architecturally significant home on an epic property – perhaps the most beautiful canal-front parcel on one of the most enchanting streets in north Pinecrest, a stroll away from Coral Pine Park.  This very special residence, which originated in 1953, was thoughtfully re-constructed in 1998 by the current owner has fabulous near 10′ ceilings, magnificent social spaces, a marvelous master suite, and one of the most exceptional Live Oak trees I have ever seen!

Property Details:

5 Bedrooms | 4 Bathrooms

3,915 Adj. SF | 40,075 SF Canal-Front Lot

List Price: $1,559,000

http://www.10720SW69.com

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

Just Listed by Valaree Byrne in Coconut Grove 1644 Onaway Drive & 2975 Jackson Avenue

1644 Onaway Drive

With exterior hues of green and terracotta so vibrant it looks like a watercolor, one cannot miss this stand-out residence on beautiful Onaway Drive, built only one year after the incorporation of Coconut Grove (1926).

Property Details:

2 Bedrooms | 2 Bathrooms

2,225 Adj. SF | 7,350 SF Lot

List Price: $860,000

http://www.1644Onaway.com/

 


2975 Jackson Avenue

The adorable ‘Zen’ bungalow belonging to one of Coconut Grove’s most infamous musicians and party hosts is ready for new life experiences. It’s a home as sweet on the inside as it is the outside, and in excellent condition!

Property Details:

2 Bedrooms | 1 Bathrooms

1,156 Adj. SF | 7,650  SF Lot

List Price: $669,000

http://www.2975Jackson.com/

 

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

Recently Sold by Val Byrne in Coconut Grove 3471 Main Highway #1201

List Price: $2,890,000

5 Bedrooms | 5.5 Baths

 It didn’t take long for these Georgia buyers to decide where they wanted to live! We looked seriously at Coral Gables, Pinecrest, and our last stop was in Coconut Grove, on a beautiful day I should add.  Skies were blue, the Grove’s bohemian camaraderie was as charming as ever, and urban life along Biscayne Bay in this cool village looked fantastic.  Buyers fell in love with Cloisters on the Bay which is a magnificent, gated community nestled between The Barnacle and Peacock Parks, and a stroll away to all Coconut Grove has to offer. Congratulations to both the Buyers and Sellers! 

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