Miami Real Estate - September 2009 Report

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  • 1. Miami Real Estate Market Report - September 2009 Presented by Cedric C. Teboul Licensed Real estate Broker 848 BRICKELL AVENUE, SUITE 1130 MIAMI, FL 33131 C: 305.491.4554 O: 305.305.5323
  • 2. Table of Contents September Report LATEST REAL ESTATE NEWS ................... 3 EVENTS - SEPTEMBER 2009........................ 4 BANK OWNED PROPERTIES ...................... 5 DEVELOPER CLOSEOUTS .......................... 6 RENTAL PROPERTIES ................................. 7 CONTACT US ................................................. 8
  • 3. Latest Real Estate News 5th Bulk Deal Closes In Downtown Miami - Sunday, July 26, 2009 - EDT A South Beach investor has closed a 15-unit bulk deal for $4.2 million in the Marina Blue condominium tower. Maurizio Cavalieri… paid an average of $207 per square foot 20,293 square feet of saleable space. Cavalieri's acquisition consists of 13 two-bedroom units and two one-bedroom units at Marina Blue. Jump Shot for Troubled Condo-Hotel - Wednesday, August 12, 2009 - Globe Street The stigma attached to condo-hotel projects is not scaring away all high-end buyers, as shown by pro basketball star Amare Stoudemire's recent $5.6-million purchase of a penthouse unit at W South Beach. July foreclosure filings soar in Broward - Friday, August 14, 2009 13:02:53pm South Florida Sun Sentinel Broward County continues to be one of Florida's hardest-hit areas when it comes to foreclosure, but the problem isn't nearly as severe in Palm Beach County. Investors Snapping Up Downtown Miami Condos - Wednesday, August 19, 2009 - CBS4 Are the good 'old days of real estate back? It appears so in Downtown Miami. In recent weeks developers have sold hundreds of condos, in a flurry of activity they haven't seen since the peak of the housing market. Everglades on the Bay developer files for bankruptcy Friday, August 21, 2009 – Miami Herald The maker of Everglades on the Bay -- a condo project whose darkened windows have become emblematic of the uninhabited, ghost structures of the building boom gone bust -- has become the first of the downtown Miami condo developers to file for Chapter 11 bankruptcy protection. Affordability Leads to Home Sales Spike in South Monday, August 24 2009 - New York Times Home re-sales spiked 5.6 percent in the South in July, the highest annual increase in nearly four years and evidence the region's housing market is climbing out of the grave, the National Association of Realtors said Friday.
  • 4. Events - September 2009 Britney Spears Concert at American Airline Arena September 2 Marco Antonio Solis at American Airline Arena September 4 Depeche Mode Concert at Bank Atlantic Center September 5 Miami Home Design & Remodeling Show September 4-8 14th International Ballet Festival September 5-13 Dig the Beach Volleyball National Championships September 12-13 Wisin & Yandel at American Airline Arena September 17 Disney on Ice September 17-20 Miami Dolphins vs. Indianapolis Colts (NFL Football Game) September 21 Rob Thomas at Seminole Hard Rock & Casino September 23 Florida Marlins vs. New York Mets (MLB Baseball Game) September 25-27 Miami International Wine Fair September 26-27 MIAMI SPICE During the months of August and September, many of Miami's finest restaurants offer lunches and dinners at low fixed prices. This is a great chance to try something new each day and save money at the same time!
  • 5. Bank Owned Properties SOUTH BEACH SOUTH BEACH SOUTH BEACH PORTOFINO TOWER ICON FLAMINGO 300 S Pointe Dr # 906 zip 33139 450 Alton Road, #1604 zip 33139 1500 Bay Rd #1452S zip: 33139 #Bedrooms: 1 #Full Baths: 2 #Bedrooms: 2 #Full Baths: 2 #Bedrooms: 0 #Full Baths: 1 Notes: water views Notes: South of Fifth Old Price: $ 660,000 (10/07/05) Old Price: $ 1,600,000 (07/17/06) Old Price: $ 254,900 (11/18/06) New Price: $104,900 New Price: $399,900 New Price: $759,900 SOUTH BEACH NORTH BAY VILLAGE North Miami Beach SETAI VILLA VILLA 101 20 St, #1701 zip 33139 8011 NE Bayshore Ct, zip: 33138 3291 NE 164 St, zip 33139 #Bedrooms: 3 #Full Baths: 4.5 #Bedrooms: 3 #Full Baths: 3 #Bedrooms: 4 #Full Baths: 3 Notes: Double Corner Unit w/ 2 Notes: Brand New/ Bay Front Notes: waterfront; Ocean access living rooms & Media Room City Market Value: $ 955,000 Old Price: $ 1,550,000 (04/28/06) Old Price: $5,500,000 (06/27/07) New Price: $425,000 New Price: $760,000 New Price: $4,200,000 COMMERCIAL DEALS: RESIDENTIAL Hotel, Multi-family, BULK DEALS Office Building & Land AVAILABLE Opportunities The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.
  • 6. Developer Closeouts BAL HARBOUR SUNNY ISLES BEACH MIAMI BEACH MEI HARBOUR HOUSE Located on Luxury Residences JADE OCEAN Millionaire’s Row Starting at Starting at $275,000 NOW OPEN!!! $500,000 HALLANDALE BEACH SOUTH BEACH SUNNY ISLES BEACH W RESIDENCES OCEAN MARINE TRUMP TOWERS YACHT CLUB The Best! LAST UNITS FROM From $1,100,000 to From $350/ SqFt $395,000 $9,900,000 BRAND NEW YOUR PRICE UNITS AVAILABLE < COST TO BUILD The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.
  • 7. Rental Properties AVENTURA/ SUNNY ISLES BEACH Complex Name Address Furnished Bed Bath Sq Ft Rental Price Williams Island 7000 Island Blvd #2508 No 2 2 1,580 $2,600/ Month Turnberry Isle 19667 Turnberry Way #25B Yes 2 2 1,522 $1,550/ Month Trump Towers 15901 Collins Ave #1002 Yes 3 3 1,975 $3,750/ Month SOUTH BEACH Complex Name Address Furnished Bed Bath Sq Ft Rental Price Icon 450 Alton Rd #3405 Yes 4 4 3,094 $14,000/ Month Continuum 100 S Pointe dr. #3002 No 2 2.5 1,791 $6,000/ Month Flamingo 1500 Bay Rd. #1558S No 1 1 732 $1,695/ Month FOR A FULL LIST, CONTACT ME AT: (305) 491-4554 Downtown House Rental FISHER ISLAND COMMUNITY WILLIAMS ISLAND COMMUNITY ARE YOU AN OWNER? D.R.E.A.M specializes in residential property management and can help you “Save Time and Money” CALL US AT (305) 305-5323 The Realtor® Association of Greater Miami and the Beaches is not responsible for the accuracy of the information listed above. The data relating real estate for sale on this report comes in part from the Internet Data Exchange Program and the South Florida Regional MLS and is provided here for consumer’s personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. Copyright Realtor® Association of Greater Miami and the Beaches, MLS All rights reserved.
  • 8. Contact Us Cedric C. Teboul Licensed Real estate Broker CELL: 305.491.4554 EMAIL: Cedric.teboul@gmail.com TEL: 305.305.5323 1900 N BAYSHORE DR. SUITE 3306 MIAMI, FL 33132 WWW.DREAM-US.COM