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Miami Rental Market Category

It’s Raining Renters!

 

NINE at Brickell #2007

NINE at Brickell #2007

I’ve never had so many ‘newcomers’ to Miami wanting to lease! I just completed the eighth Lease of 2016, and if they all love Miami like I love Miami and decide to call our beautiful city ‘home’, they will be next year’s Buyers! In the last few weeks we have made a lot of Landlords and Tenants happy in Coral Gables, Pinecrest, Palmetto Bay, and South Miami!

Miami is one of the few cities where real estate agents are able to work in both the sales and leasing arenas. A competent and knowledgeable local realtor should be able to transition between the two markets and provide everyone with a home, be it permanent or temporary. It’s a natural progression to desire to acclimate and ‘test the waters’ in a new city before buying and I am happy to be part of the process!

7160 SW 124th St, Pinecrest

6622 Santona St, Coral Gables

 

 

 

 

 

 

 

15040 SW 75th Ct, Palmetto Bay

1422 Medina Ave, Coral Gables

 

 

 

 

 

 

 

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 & Associates – Working For You!

 

It’s Friday the 13th!!!!

untitledToday is the third and last “Friday the 13th” in 2015, and it was so much fun!  Our very happy, festive, and hungry EWM Coral Gables office celebrated its annual “Pot Luck” luncheon, and it is known fact that EWM Realty International not only claims the largest real estate market share in Miami-Dade County, but we are some of the finest chefs in the business.

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Other Friday the 13th News:

 

My beautiful listing at 3016 Alhambra Circle is now available to rent ($12,000/mo). 001-Welcome_to_3016_Alhambra_Circle-1585050-print

 

  My not-so-beautiful but wonderfully located listing at 5021 SW 77th Street is back on the market ($649,000). _DSC1411

 

EWM’s very own Nelson Gonzalez has listed a former Porn King’s home on North Bay Road for $22 million.  This was headline news at Real Deal, not at EWM!  Good Luck, Nelson!Untitled78

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

Wynwood and the Design District…The Hotspots

 

Digital photo taken by Phillip Pessar

Digital photo taken by Phillip Pessar

The Real Deal, my favorite morning read, reports that the panel of real estate professionals who spoke at last week’s luncheon event presented by the Miami Association of Realtors and the Miami Beach Chamber of Commerce say the next hot spots for Miami-area real estate development include urban locations in and near downtown (not really NEWS if you look at the cranes and construction). Louis Birdman (Birdman real estate development) is most excited about Wynwood and the Miami Design District. Why? With shrinking amounts of beachfront property to develop, Birdman says inland development will be more prevalent. Panelist Harvey Hernandez says what we all know, “The hottest market by far is the downtown Miami area”.  Again, look at cranes and construction.

Digital photo taken by Marc Averette, 1800 N. Bayshore Drive

Digital photo taken by Marc Averette, 1800 N. Bayshore Drive

Not mentioned but worthy of it is one of my favorite neighborhoods: the Edgewater area, especially the corridor that dots Margaret Pace Park. The views are spectacular and will stay that way; access to expressways and downtown & Brickell is too simple; walkability to Publix, CVS, a manicure, dog grooming, banks, and the day-to-day needs is great, and The Daily is a GREAT place for lunch! Paramount Bay, Quantum on The Bay, Opera Tower, 1800 North Bayshore Drive, and the Cite are all winners over there.

 

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

Bem Vindo…Bienvenida…Welcome to Miami!

For the 12th consecutive month the Miami Association of Realtors notes Brazilians having the highest number of searches for local real estate on their website. During the month of May the heaviest search volume was followed by Colombians, Canadians, Venezuelans, and lastly, Argentinians. I will agree with those statistics, and add one country: Mexico!

The luxury properties I have listed in Coral Gables and the Ponce & Davis Roads neighborhoods have been most frequently visited this summer by families from Brazil, Venezuela, Colombia, and Mexico. If you are looking for a luxury home in Miami consider one of my current listings, and stay tuned in the next couple weeks for more!

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

Rentals Gone Wild for Val Byrne & Associates!

May was one of the busiest leasing months I have seen since last year about this time, and we have more slated for June and July. Vanessa Kayes, who is newer to our real estate team, had a ‘baptism by fire’ so to speak in the rental market, and more specifically the condo rental market which is not easy to navigate because of Association applications and the broad spectrum of pet rules.

In the last five weeks Vanessa represented Tenants who settled into Grove Isle, Grovenor House, Icon, Gables Waterway Towers, and Gables Harbour. There are so many beautiful condominium communities which have rental availability in the different neighborhoods in Miami – we probably looked at 15 different buildings across Coral Gables, Coconut Grove, Mary Brickell Village, Downtown Miami, Edgewater, Midtown and Miami Beach before our clients settled into their temporary nests. Made us yearn for the maintenance-free life of the urban dweller – the views are spectacular.

Gables Harbour | 6901 Edgewater

Gables Harbour | 6901 Edgewater Drive

Gables Waterway | 90 Edgewater Drive

Gables Waterway | 90 Edgewater Drive

 

 

 

 

 

 

 

 

Grovenor House | 2627 S. Bayshore Drive

Grovenor House | 2627 S. Bayshore Drive

Icon Brickell | 475 Brickell Avenue

Icon Brickell | 475 Brickell Avenue

 

 

 

 

 

 

 

 

Grove Isle | 1 Grove Isle Drive

Grove Isle | 1 Grove Isle Drive

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 & Associates – Working For You!

 

Luxury Rental Market On Fire in Coral Gables, Coconut Grove, Pinecrest, Palmetto Bay, & South Miami!

Lindeman Exterior Front

13940 SW 73rd Avenue Just Rented

boxing_glovesAs summer winds down, the rental market continues to wind up! As if Back-to-School isn’t stressful enough; there are still so many families out there trying to settle down into a school district. Realtors are tripping over themselves to get through the front door, and know that we all have a signed offer in our big purses (no offense men).

The rental market has been really strong for the last 18 or so months, but there’s a new level of crazy out there right now. The ‘seasoned’ prospective renter (definition of ‘seasoned’ prospective renter is one who has made several offers) will tell you they have learned 2 tricks of the trade: 1) move at lightning speed; 2) do not offer less than asking price.

Ign exterior

7260 SW 105th Terrace Just Rented

Jeronimo

860 Jeronimo Drive Just Rented

 

 

 

 

 

 

 

I have secured homes this month for three foreign clients, and two of them took the home SITE UNSEEN! Truthfully, that’s almost as stressful for me as it is them but in today’s market a picture (or 20 of them) is worth a thousand words, and all three are arriving to beautiful homes in Coral Gables, Pinecrest, and 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!

 

Going, Going, Gone…It Went That Fast!

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1110 S. Alhambra Circle | 3 Beds/3 Baths | 2,604 Adj. SF | Asking Price 1,150,00 OR $6,200/mo

On June 5th I listed this beautiful, sophisticated colonial-style home in Coral Gables (South Gables) for rent and for sale, and in a nanosecond it was under Contract! We started showing it on Friday and by nightfall Saturday we had multiple offers to buy it and to rent it.   I think the owners were so taken aback by the enthusiasm (and by the determination of some) that they decided to keep the property (we rented it at the asking price of $6,200).

That is a typical day in sunny Coral Gables in the rental and sales market! The inventory of luxury homes to rent is especially low, so these charming rental homes in Coral Gables are being snapped up about as quickly as they enter the market. It is the same situation in South Miami/High Pines, Coconut Grove, and Pinecrest too. In the last week or so luxury rental properties at 460 San Servando Avenue, 741 Santurce Avenue, and 700 San Esteban Avenue have come on the market in Coral Gables, and if I were to guess, they will be going, going, gone very shortly. Call me if you are interested in learning more!

751 Santurce Avenue | 3 Beds/3 Baths | 3,034 SF | $5,900/mo

751 Santurce Avenue | 3 Beds/3 Baths | 3,034 Adj. SF | $5,900/mo

460 San Servando Avenue - 4 Beds/2.5 Baths - 2,155 SF - $4,950/mo

460 San Servando Avenue | 4 Beds/2.5 Baths | 2,155 Adj. SF | $4,950/mo

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700 San Esteban Avenue | 3 Beds/2 Baths | 2,757 Adj. SF | $6,200/mo

 

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 For Sale or Rent by Valaree Byrne 1110 South Alhambra Circle

IMG_5741

Colonial sophistication meets old work charm in this sprawling home on a beautiful corner lot in the South Gables. Gleaming hardwood floors, impact glass, and architecturally significant volume ceilings are present in every spacious room. A beautiful pool, patio, and covered terrace await you!

Property Details:

 • 3 Bedrooms / 3 Baths

• 2,604 Adj. Square Feet / 14.880 Square Foot Lot

 • List Price: $1,150,000 OR $6,200/month

 

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 For Rent in Village of Palmetto Bay 13940 SW 73rd Avenue

Exterior Front

The most discerning rental prospects will appreciate this beautifully updated home in north Palmetto Bay, only two blocks off Howard Drive, on a quiet, no traffic street.   It’s a sun-filled charmer recently renovated by current owners; located on a quiet no-traffic street, in a phenomenal neighborhood.

Dade County’s finest public and private schools are minutes away (Howard Drive Elementary, Palmetto Middle School and Palmetto Senior High School public school district). Parks, shopping, and the best restaurants are at your fingertips!

Property Details:

 • 4 Bedrooms / 2 Baths

• 3,330 Adj. Square Feet

 • List Price: $4,900/month

 • www.13940SW73.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!

Miami’s Rental Market Madness!

In my 20-year real estate career in Coral Gables, Coconut Grove, South Miami, Pinecrest, Palmetto Bay, and the Brickell corridor I have NEVER seen so many for rent illustrationpeople looking to rent.  I’m predominantly a Buying and a Selling Agent in Miami’s luxury home market, but I’m well versed in the local rental market, and typically have 5-10 rental transactions per year.  That is until this year:  I’ve had 10 rental transactions and 5 current prospects, and it’s only April.  I’ve been preparing Leases from $2,000/month to $20,000/month, and I don’t see a slowdown. I’m finding this month that it will cost at least $2 per square foot to get a decently clean, updated single family home with a pool, and in Coral Gables many will have to pay that and skip the pool!

15 rental transactions in four months is so far out of the norm for me that I decided to stop and look at my own stats, as well as a those where I have been renting: Coral Gables, South Miami & High Pines, Palmetto Bay, Pinecrest, and Brickell.  Glaring at me are the number of new-comers to Miami just in my own chamber of business.  There are 10 renters from out-of-state that have moved for job reasons (5 of them physicians); all wanted to rent and scout before buying.  Only 1 is from out-of-the country which confirms what we already know: the “foreign investor” knows Miami is a safe bet; no need to rent and no time to fool around – prices are going up.   The remaining folks are locals renting while they build their new home or are in-between homes; and my favorite renters are an 88 and 95-year old married couple: they wanted a more simple, maintenance free lifestyle so they could relax (me too!).

 

Comparing Price PSF in Coral Gables, 2012-2014

Comparing Price Per Square Foot in Coral Gables, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedroom

Comparing Price Per Square Foot In Pinecrest, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms.

Comparing Price Per Square Foot In Pinecrest, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms.

Comparing Price Per Square Foot In South Miami, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms

Comparing Price Per Square Foot In South Miami, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 Bedrooms

Comparing Price Per Square Foot in Coconut Grove, 2012-2014 for Minimum 3 Bedrooms, $2,550/month and Higher

Comparing Price Per Square Foot In Coconut Grove, 2012-2014, For Properties Starting At $2,500/month, Minimum 3 bedrooms