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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!

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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!

Trick or Treat on “Happy Street”!

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2I put my Halloween wares out last night. Actually, we carved a pumpkin about 10 days ago but with all the rain and heat it didn’t fare so well – it had a melt-down so to speak. Our house on “Happy Street” is ready for the Halloween Parade, which is the unofficial name for Halloween night on SW 85th Street in South Miami. “Happy Street” is the unofficial name given to our little stretch of SW 85th Street by Mitchell Kaplan (of Books & Books fame) when he described our cool neighborhood, where his boys often visited friends.

“Our” Halloweens are extraordinary. Hundreds of kids will pass up and down the street between 6pm and 9pm (and then the crazy teenagers come out). I can only compare it to a children’s Mardi Gras with lots of parents in tow.  I’m not sure who has more fun, the big people or the little people!  At just about every door you can grab some candy, a beer, and a slice of pizza.

One of my greatest decisions was buying a home in charming South Miami, the fact that we landed on “Happy Street” was pure luck!

Untitled2To 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!

Lebron is LeGone!

Lebron James

Lebron James

Word is out that LeBron is officially clearing out of Miami, although he will remain in the hearts of locals and his spirit will forever remain at the American Airlines arena. The King’s Palace, very unassumingly located on a quiet side street in Coconut Grove, has been listed for $17,000,000.

There will be no snooping or gawking at 3590 Crystal View Court because it will only be shown to the most qualified Buyers, but I will tell you that it was beautiful when I saw it back in 2010 when EWM Realty International | Christies International Real Estate had the property listed for sale; and like the Miami Heat, once it was Lebronitized, it could only get better (LeBron purchased it for $9mil back then).

 

3590 Crystal View Court

3590 Crystal View Court Asking Price: $17,000,000

 

At nearly $1,400 per square foot some lucky Buyer is going to get gorgeous walls of glass with a hell of a view of Biscayne Bay, not to mention a theater, wine cellar, guest house, and more than enough dock space. No matter who buys it or where they are from, it will always be LeBron’s house.

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.

 

 

It’s Throwback Thursday!

This one definitely got better with age. I sold this home just behind Dante Fascell Park near Epiphany School the first time in 1994 and then sold it again in 2011. The current owners have excellent taste; the interior is as beautiful as the exterior, and the landscaping is simply perfect.

5841 SW 86 Street After

5841 SW 86 Street After

5841 SW 86th Street Before

5841 SW 86th Street Before

 

 

 

 

 

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!

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!

It’s Throwback Thursday!

This is probably my favorite throwback in South Miami because it goes ALL the way back! Every time I drive or walk by this home I think, “You’re not getting older, you’re getting better”! I love this place (and its owner) and the gorgeous 15,000sf corner lot it sits on. Had developers been able to get their hands on when I listed it in 2003 they would have torn it down; thank goodness the Buyer loved it at first sight, and bought it before a speculator could.  This house and the one-of-a-kind neighborhood surrounding it are priceless!

An Oldie Goldie Behind Dante Fascell Park, Circa 1950

An Oldie Goldie Behind Dante Fascell Park, Circa 1950

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64+ Years With A Lot Of Love & Attention

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!

 

It’s Throwback Thursday!

I love “Throwback Thursday” and find myself completely entertained while scrolling through TBT pictures posted on Facebook. Who doesn’t enjoy looking at old pictures? So I’m taking this concept a step further and posting a “Throwback Thursday” blog each week which will spotlight an older, original style home in South Miami, Coral Gables, and Coconut Grove, and fast forward to its present day ‘face’. AKA, a renovation! My favorite part of being a realtor in Miami is seeing a beautiful transformation.

TBT pic

Casa Byrne, 1996, Day One of Renovation Phase I

6031 SW 85th Street, 1990

Casa Byrne, 1990, Move-In Day

 

 

 

 

 

 

Appropriately, I am starting TBT with pictures of my own home in South Miami, The City of Pleasant Living. Built in 1962 by the original owner and purchased by my husband and me in May, 1990, it has come a long way! ‘Casa Byrne’ has been a work in progress for nearly 25 years, and who knows what it will look like in 20 more.

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Casa Byrne, 2014

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!

Let The Tickling Begin!

Tom and Tommy Byrne

Tom and Tommy Byrne

Lobster mini season opens at 12:01am! In just a few short hours the Florida Keys and Biscayne National Park are going to be inundated with hunters and gatherers looking for their bounty (although that bounty shouldn’t exceed 6 lobsters per day per person).  It isn’t a true Florida summer without mosquitoes and the lobster mini-season.  My husband and boys left our home in South Miami yesterday for Islamorada to scout the waters, gather tickle sticks and nets, and basically get ahead of the next guy.

I read an article in the Miami Herald earlier this summer about the measures being taken by Biscayne National Park authorities to protect and restore the Park. Sadly, ending the lobster mini-season and phasing out commercial fishing are tops on the agenda. I imagine that it is not going to go over too well with the fishing and bait industries, and the last Wednesday and Thursday in July is going to be very glum at my house.
stiltsville

One of the Stiltsville Houses in Magnificent Biscayne Bay National Park

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!