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The Underline Is Going To Be Top-of-the-Line! Thank You Meg Daly!

What do the UM, Miami-Dade County Mayor Carlos Gimenez, the Dade County parks, public works and transit departments, and the Mayors of Miami, Coral Gables, and South Miami have in common? They are avid supporters of Meg Daly’s “Underline” dream of transforming the existing, Underline logopractically unused paved path that runs from Brickell to Dadeland (under the Metrorail), into a beautiful, functional, wildly successful linear park for cyclists and pedestrians.

 

Friends of the Underline’ see gardens, parks, and playgrounds connecting neighborhoods, schools, and workplaces. Meg’s genius vision + tireless grassroots effort will not only give Miami another layer of outdoor living, but it will make it possible for kids and adults to walk or cycle to work, play, and school SAFELY. Can you imagine what a boost the Underline will give the Metrorail? OMG, why isn’t everyone taking the Metrorail to the American Airlines Arena, Perez Art Museum, and the Corporate Run? What if we all walked the Underline and hopped on the Metrorail to get us most of the way to Art Basel and Wynwood? It took me nearly 2 hours to get into the Miami Beach Convention Center this year.

Underline Rendering 2Underline Rendering

As a realtor primarily selling homes in Coral Gables, Coconut Grove, South Miami, Pinecrest, and Palmetto Bay I spend A LOT of time in my car and that means a lot of time on US1.  I am so excited to watch the transformation of that space; it will be such a joy to look over and see a beautiful, vibrant, happy scene under the Metrorail, and I can’t wait to walk on it!

Meg Daly

PS, before Meg Daly fell off her bike, broke her elbows, rendered herself unable to drive and had to get to physical therapy in the Grove via Metrorail and walking (that’s where she brainstormed the Underline/formerly Greenlink), she was a marketing whiz at EWM Realty International. Thank you so much Meg for your vision, energy, and spirit! Good luck to the five design teams competing to design the masterplan for the Underline: Balmori Associates, Dlandstudio, and James Corner Field Operations, all from New York, Perkins + Will, and Stoss, from Boston.

 

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

A Bright Star Has Dimmed in South Miami…Goodbye Hans Huseby:(

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Hans Huseby, proprietor of FootWorks, father of the Mercedes Benz Corporate Run, a fixture in South Miami for the past 40 years, and THE most wonderful man passed away this past Saturday. So wonderful and loved was he that Sunset Drive from Red Road to SW 59th Avenue was closed last night just to have the space needed to celebrate his life. In the  true spirit of Hans Huseby it was styled as another ‘event’.

huseby1I bought my first pair of running shoes from Hans in the 1980s, my first “Life is Good” shirt from him in the 1990s, and my children got their first Crocs from him in early 2000. I not only sell real estate in South Miami but am part of the wonderful family of South Miami residents, and FootWorks and the Huseby family are part of the landscape. Their famed “South Miami Twilight Run,” which is the right of passage into summer, brings everyone in my neighborhood outside; whether you run, walk, or just water everyone down who comes by.

logo1Hans’ son, JP, summed him up best: “He was perfect in every way, more loving and compassionate and hard-working than anyone I’ve ever known.”  His wife, Laurie, added that “He was ridiculously nice to everyone and made life better for so many people.”  I think those are the true definitions of SUCCESS.

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!

Immigration Overhaul Could Be a Bright Star in Miami Real Estate Development

 

Although controversial, Barack Obama’s recent executive actions to overhaul the immigration system will further feed real estate development in Miami. The EB-5 visa can lead to citizenship if a foreigner invests a minimum $500,000 in US-approved real estate projects and creates jobs locally. Some developers are using the EB-5 to help fund residential and commercial projects.

EB5-VisaMiami is a prime focus of foreign investment from Latin Americans and important to Europeans too. The US has already reached its 10,000 EB-5 visas cap this past year, with many visas going to Chinese investors, so think about the Venezuelans, Brazilians, and other South Americans that have missed out! Local demand for EB-5 visas is so great that the City of Miami has created an EB-5 Regional Center for Foreign Investment!

By expanding the Miami program we could be expanding Miami!

USI Fund Newsletter - SOURCE

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!

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

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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

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300 Costanera Road, Coral Gables

 

 

 

 

3575 stewart

3575 Stewart Avenue, Coconut Grove

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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 [email protected] 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%
  • 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 [email protected] or at 305-323-6231. Val Byrne – Working For You!

It’s Give Miami Day! Let’s Do It!

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untitledGive Miami Day began 3 years ago and has been ‘giving’ ever since; with 115 new charities coming on board this year alone. Give Miami Day is a 24-hour period where donations can be made online to over 500 charities, beginning today, November 20th at 12:01AM. Last year, Give Miami Day raised over $3.2 million in donations for 407 local nonprofit charities!

Some of my favorite charities participate in this event: Breakthrough Miami, Casa Valentina, Big Brothers Big Sisters of  Greater Miami, Habitat for Humanity of Greater Miami, South Florida SPCA Society for the Prevention of Cruelty to Animals, and Paws4You Rescue. Visit givemiamiday.org and check out all the charities that are listed, then donate! Donations between $25.00 to $10,000.00 will qualify for a bonus to the receiving charity, depending on how much is raised in the bonus pool. This is a great, easy way to support our community; hurry time is running out!

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 a Difference a Decade Makes!

I’ve sold this flagship building on Red Road in South Miami twice! In 1999 Sunhouse Construction and the developers of Downtown Dadeland purchased the property for $465,000 and when they relocated in 2003 the building was purchased and completely renovated by the very talented Jorge Blanco, DDS, and his dental practice, Images Aesthetic Dentistry.

Today ‘Images’ stands elegantly among a swath of commercial office fronts along Red Road (SW 57th Avenue) between Davis Road and Sunset Drive, in a rather quiet residential section of South Miami (where I am primarily a residential realtor). You would never know this classic Mediterranean   dental office was a mid-century product! It’s timeless, beautiful, and I am proud to have been part of the transaction!

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7700 SW 57th Avenue (Red Road) “Before”

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7700 SW 57th Avenue (Red Road) “After”

 

 

 

 

 

 

 

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!

Too Tired to Walk On Halloween?

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 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:

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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 [email protected] or at 305-323-6231. Val Byrne – Working For You!