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continuum on south beach north tower

Bloomberg: Miami Is Hotter Than Ever | Robb Report: Not So Much

While most of the Eastern and Midwestern United States is bracing for what President Trump calls a “brutal and extended cold blast that could shatter all records,” Bloomberg is reporting that “Miami is Hotter Than Ever.”

Last week they published this video highlight, showing some of the neighborhoods that are popular to visitors including Coconut Grove, Little Havana and Wynwood. They also remind viewers that the average temperature in Miami is 75 degrees and it is the second most visited city by international visitors in the United States.

It isn’t just our amazing weather and convenient location that make Miami such a desirable destination either. Back in the Spring, CNBC published a report that New York and California could lose 800,000 residents to Florida over the next 3 years due to the new tax bill. Connecticut, New Jersey, and Minnesota could also lose a combined 500,000 residents.

The tax changes limit deductions of state and local taxes to $10,000, making Florida incredibly attractive to high-earning taxpayers. The fact that Florida has no state income tax and reasonable local taxes compounds its attractiveness.

Not Everyone Has Such A Rosy Outlook

While Bloomberg and CNBC are singing praises for the Miami market, other news outlets are predicting a crash and I feel it is important to speak on this topic from the perspective of an active agent on the ground in Miami and Miami Beach.

Local real estate doomsday predictor, Peter Zalewski has been making the rounds, giving quotes to any outlet who will listen about the impending crash that Miami is facing. While we are friendly with Zalewski and respect his opinion, many of the stories are simply misleading.

Last week, The Robb Report published a story asking the question of whether the luxury property market is headed for a downward spiral? I will admit that the Miami and Miami Beach luxury market has experienced a slowdown from some market segments and increased inventory, but this does not mean that it is in a downward spiral. It means that buyers have more to choose from.

According to MLS data for 2016, 2017 and 2018 YTD, you can see that the average price per foot has not changed much, nor has the average negotiation amount. The number of closings has even increased slightly in 2018 over the last two years and we still have 5 weeks of 2018. The neighborhoods I used for this report were Miami Beach resales from Fisher Island to North Beach. I also only looked into residential properties of $3 million and up. (In another report, I will address the reality of Brickell, Edgewater, Coconut Grove, and Sunny Isles as well as more detailed reports for Miami Beach.)

The Robb Report also went on to discuss the drastic price cuts that have recently graced the headlines including the $5.75 million sale of Zaha Hadid’s personal apartment at the W Miami Beach. It has previously been listed for $10 million.

Just last week, the opulent Le Palais Royal in Hillsboro Beach sold for a rumored $41 million after 11 buyers competed at a no-reserve auction for the property. It had previously been listed for a staggering $159 million. As you can see from the listing photos below, the property is certainly over-the-top (in my opinion it looks like a Vegas resort), but was it ever worth $159 million? No.

It was worth $41 million because that’s what a buyer was willing to pay.

*Story continues below

Pricing a property for an astronomically high price makes for great media coverage, then more media coverage when it sells for market value, but it does nothing to sell for more than what the property is actually worth.

A better strategy is to avoid hiring the agent who will list your property for any price. Hire the agent who will speak candidly with you about what it’s worth. Hire the agent who has the contacts and tools to market your property to actual buyers who will actually be interested in it and actually have the means to buy it.

If you are looking to purchase a property, it is important to hire the agent who knows the market inside and out, the person who knows of possible fluctuations on the horizon and will be candid with you about what is happening. Be honest with that agent about your goals and taste. That is how you will most efficiently have your goals met and avoid paying $159 million for a $41 million property.

All in all, I have to agree with both Bloomberg and The Robb Report. Miami is very hot, a desirable place to live and we have some very beautiful properties to choose from. Are there more options today than last year? Yes. But the numbers indicate that this does not necessarily mean we are in a downward spiral because we are not.

If you would like to speak with us about your goals to move to Miami or to change homes, we are always here to help. As your experts on the Miami Beach and Greater Downtown Miami real estate market, we can help you identify and close on your new dream home. Contact our team today.

Phone: +1 (305) 791-2349
Website: Miami Beach Real Estate Experts
Facebook: https://www.facebook.com/billandbryanteam

The Park on Fifth Miami Beach by Crescent Heights and Arquitectonica

“The Park On Fifth” Wins City Of Miami Beach Approval

Yesterday was a big day for Miami Beach. The ambitious and somewhat controversial project that was proposed by Crescent Heights at the entry point of Miami Beach from the MacArthur Causeway went to the City Commission for approval. If approved, “The Park On Fifth” would change the way visitors view the city as they enter as well as change the way residents interact in the neighborhood.

The currently blighted vacant lots are an eyesore for people who arrive to Miami Beach and it is always noted that traffic is a nightmare at that intersection. People who live in South West Avenue are secluded, and South of Fifth is closed off to the rest of the island. The Park on Fifth offers a solution to all of these problems.

Last month, we posted an overview of the proposed project. Once constructed, residents and visitors will have a new 3-acre park at the entry point to Miami Beach. The park will feature a dog park area, children’s play area, jogging trail, workout area and plenty of observation areas. It will be elevated, reminiscent to New York’s High Line, which will also allow for an additional lane of traffic along Alton Road and a small retail center below the park. In exchange for providing the park, Crescent Heights requested approval of a 500-foot residential tower on the 500 Block of Alton Road.

Throughout the day yesterday, the developer and residents voiced their opinions both for and against the project. While the majority of the feedback was in favor of the development, a few residents were concerned with the aesthetics of the parking structure as well as the rental restrictions. Most were in favor of restricting rentals of less than 1 month, but that item will have to be addressed at a later date as time ran out on yesterday’s hearing.

In the end, the commission voted to approve the project in order to activate the site that has been an eyesore since 2004. It is in the best interest of the residents to have a park and additional retail in the area, plus the pedestrian flyover to connect South of Fifth to the rest of Miami Beach.

It was a good day.


Crescent Heights Alton Road Park Developent The Park on Fifth

Crescent Heights Introduces “The Park On Fifth”

The intersection of Fifth Street and Alton Road on Miami Beach has been plagued with problems for some time now, traffic just being one of them. With the King Tides arriving again this weekend, we are reminded that flood management is another. If you drive through the intersection (or sit there for a while, as the case may be), you will notice an enormous vacant lot with a blighted shell of a building. Well, we have great news! Crescent Heights and Arquitectonica have unveiled a plan for this lot that solves a host of problems while making this intersection beautiful again!

The actual neighborhood that the park is located in is West Avenue. It is home to buildings such as Bentley Bay, The Mirador, Mondrian as well as the local Whole Foods and a host of restaurants and coffee shops. It is just across the street from Icon South Beach, the entrance to South of Fifth. In recent years, the area has become impossible to navigate and an eyesore. This causes potential new neighbors to shy away from the area. Crescent Heights plans to activate the area with an intelligently designed 3-acre park, a single 44-story tower designed by Arquitectonica, and street-level retail.

Eager to earn LEED certification from the US Green Building Council, Crescent Heights has designed the park to offer sustainable landscaping and public art. These will be elevated in order to maximize the park area while alleviating traffic by allowing for an additional lane of traffic that feeds from Alton Road to the MacArthur Causeway. There will be an onsite parking structure that is accessible from each side of the development, electric car charging stations, bike storage, and car and bike-sharing options that have recently become popular. To top it off, they are also building a pedestrian bridge to connect the development to South of Fifth.

Crescent Heights partnered with Arquitectonica to design a tower that would also highlight the Miami Beach skyline as you enter via the MacArthur Causeway. Prices and details of the residential units have not yet been released, but we will be sure to fill you in as soon as they are. In the meantime, what do you think of the design?

The Park on Fifth Miami Beach by Crescent Heights and Arquitectonica

The Park on Fifth Miami Beach by Crescent Heights and Arquitectonica

The Park on Fifth Miami Beach by Crescent Heights and Arquitectonica

The Park on Fifth Miami Beach by Crescent Heights and Arquitectonica

 

South Beach Real Estate in Miami Beach's Famous SoFi (South of Fifth)

South Beach Real Estate Made Simple

Across the United States, there is no other neighborhood that’s quite like South Beach. Miami Beach’s world-famous neighborhood SoFi (South of Fifth) is simply jaw-dropping, and there are many reasons why it is one of the most famous neighborhoods in the country. Getting yourself into the neighborhood might seem challenging. Who wouldn’t want to live in such a stunning place? South Beach real estate is not as tricky as it seems. There are plenty of ways to simplify your experience if you’re considering looking for South Beach real estate. If you’re interested in reading more on why South Beach real estate is so unbelievable, click: No Other Market Like South Beach Real Estate.

South-beach-real-estate Made Simple

You will be the life of the party in South Beach!

South Beach is notorious for being the top destination for luxury travel; nightlife is second to none. While it’s true that South Beach is famous for being a lively neighborhood, that’s not to say that it’s not the perfect destination for you and your family as well .

It’s luxury mixed with practicality

miami beach south beach real estate - interior of luxury condos
If you’re planning to invest in South Beach real estate, you’ve already done a bit of research. You’ve come to find that it’s luxury, meshed perfectly with practicality. Seriously! There’s no neighborhood quite it in that way. While you may be tempted to write off South Beach as purely a vacation destination, we would challenge you to think again. The neighborhood is filled with breathtaking beaches, amazing nightlife, shopping, and diverse dining. But, it’s also relaxing, and perfect to wind down when you need it. While most of the homes are extremely luxurious, they also have an intimate vibe that makes them the perfect choice for you and your family.
Whether it’s as a vacation home, or somewhere to plant your roots.

If you’ve been searching for South Beach real estate, and you’ve decided that W South Beach is more your speed, no worries. You can find everything you need right here: W South Beach Real Estate— Live it, Own it!

If you’re interested in a property mentioned in this article, contact the experts in Miami Beach Real Estate.

For more information on Luxury Properties in Miami Beach’s famous South Beach, please check out the following links:.

Continuum on South Beach – North Tower

Continuum on South Beach – South Tower

Murano Grande 

Murano at Portofino

ICON South Beach

 

continuum south beach

Is the Continuum on South Beach the #1 Building in Miami Beach?

Is the Continuum on South Beach the #1 Building in Miami Beach’s Luxurious South Fifth Neighborhood?

If you’re interested in living in the best building in the most luxurious neighborhood in Miami Beach, look no further than Continuum on South Beach. Located in the prestigious South Fifth neighborhood, this #1 rated building offers every amenity and an amazing staff to provide you with the full service you’d expect at a luxury resort.

The Continuum on South Beach is a luxury condominium featuring two towers. The Continuum North and the Continuum South. Together they create the focal point of SoBe and define the skyline of Miami Beach.

Living at the Continuum on South Beach’s exclusive SoFi neighborhood is everything you’ve dreamed of. Not only is it breathtakingly beautiful, it’s an amazing experience through and through. All senses are satisfied from aesthetic beauty to the feel of luxury.

Living in the Continuum is the perfect opportunity to own your own piece of luxury. Life at the Continuum on SoBe means living in the most exciting 20 blocks on the planet in the luxurious South Fifth neighborhood. Enjoy the amazing view from your unit, or take advantage of the remarkable nightlife on any given evening.

Life simply doesn’t get any better than living in the Continuum on South Beach.  It’s a lifestyle that affords the best of both worlds. An all-inclusive lap of luxury a moment away from the heart-beat of SoBe. Not only is the lifestyle second-to-none, but the land is pristine. You will be one of the privileged few who can boast this as a homeowner because no more of it exists. It is the last piece of property of its kind on South Beach. The grounds include a gorgeous front lawn that sprawls to 1,000 feet of white sand beach, private gardens, pools, and fountains. All yours to enjoy and explore.

Another must-have feature that the the Continuum II South Beach Condos offer is luxurious design with encased glass walls for stunning panoramic views of Miami. Wrap around balconies provide outdoor living space forty floors above the most exciting 20 blocks on the planet while looking out on white sand beaches and an endless ocean backdrop.

So the question is, is “Is the Continuum on South Beach the #1 Building in Miami Beach’s Luxurious South Fifth Neighborhood?”. After reading this article, we’re pretty sure that you’re answer is a resounding, “yes”.

If you’re interested in a property mentioned in this article, contact the experts.

south beach condos

3 Mind Blowing South Beach Condos for Sale

South Beach Condos for Sale

Miles of soft, white sand beaches, amazing sunsets and palm trees everywhere. South Beach living is arguably as close to beach front paradise as it gets. It’s no coincidence that SoBe is home to Miami’s finest writers, actors, filmmakers, and athletes. Its diverse community of locals create a unique urban culture keeps this small neighborhood so exciting. Become a part of this dynamic beach community as South Beach has something for everyone and there is always someone new and interesting to meet. A privileged lifestyle of exclusivity and luxury awaits you with these South Beach Condos for sale.

So, with hundreds of options at your fingertips, which condos are worth the second glance? Whether you’re looking for somewhere to move that’s family-friendly and caters to those needs, or you simply need a vacation home that fits your life of luxury, South Beach condos for sale are not going to disappoint. Here we’ll highlight 3 mind blowing South Beach condos for sale that we think will impress even the most prestigious of tastes.

  1. The penthouse

Penthouse One at Three Hundred Collins

Penthouse One at Three Hundred Collins is a perfect example of the types of condos you’ll find in South Beach. Located in one of Miami Beach’s most celebrated new developments, this condo is a spectacular piece of design and craftsmanship, evoking executive style and refinement. Just above the unit is a 75-foot pool. Surrounding it is a 15-foot-deep wraparound terrace. Of course, it has smarthome technology and a private elevator entrance. Nothing about this penthouse is normal: It’s one of a kind. Even the price is incredible, which is one of the reasons we’re so excited about it. Sellers are asking just $6.45 million.

  1. Those floors and cabinets though

Apogee South Beach

This condo, located in the Apogee South Beach building, has that type of home-y feel that you just can’t fake. Mixing boathouse charm and sleek luxury is exactly what this 4 bedroom/ 3.5 bathroom condo does. The cozy fireplace adds to the vibe, and you’re sure to feel right at home. And just look at that view!

  1. Classic South Beach

ICON South Beach

Sometimes we save the best for last. Last on the list is this stunning 3 bedroom/ 3.5 bathroom condo in ICON South Beach. Speaking of views? This condo is a must-see.

Still not sold on life in South Beach? This article barely scratches the surface when it comes to what’s available in South Beach. Be sure to check out Jonula’s landing page to find exactly what you’re looking for. And after that, feel free to check out some more reading material on the neighborhood! Click: No Other Market Like South Beach Real Estate.

If you’re interested in a property mentioned in this article, contact the experts.

South beach luxury real estate

No Other Market Like South Beach Real Estate

Fortunately, for those who have invested in South Beach real estate, the highs and lows have been much less extreme. South Beach (in fact, all of south Florida) remains a haven for safe financial real estate investments. People from all around the world wish to be here, thus resulting in a rocketing demand for the luxury real estate. And why wouldn’t it? The long, sandy beaches, the events, the lifestyle, culture, arts, and nearness to the islands have all contributed to the popularity of this Miami beach neighborhood.

With a large number of houses and condos, the South Beach Real Estate market is sure to experience many booms that spark from increased investment hopes along with housing needs. Pure indulgence in opulence and style form the crux of South Beach luxury condos. The mesmerizing ocean front condos and houses tell the tale of Miami’s colorful glamour. Platforms like Jonula.com have made the hunt for the ideal abode in South Beach so much easier.

If you are all about the magnificence and the best that luxury has to offer, South Beach Real Estate is for you. The neighborhood has a beautiful warm weather, spectacular sandy beaches, a buzzing nightlife, and some of the most sought-after tourist destinations, like Lincoln Road, South Pointe Park, Miami Beach Botanical Garden and more.

The South Beach lifestyle is quite unlike those experienced in other parts of the country. The homes here are well known for their outdoor living style and design. Custom-built houses are offered by builders that are designed closely keeping in mind the buyer’s requirement. These homes also come with outdoor living amenities ranging from cozy to extravagant.

Apart from that, you can avail the services of a design consultant who will offer you numerous options for turning your outdoor area into a functional space with different features such as spas, pools, decks and patios. Perfectly trimmed grounds also add to the stunning sight.

All in all, if you are in search of a new home, whether for a change of pace, retirement or career move, South Florida is a great place to start thanks to its diverse real estate market with a number of available housing options and a broad price range.

If you prefer the condo life, find out about the top 3 condos in South Beach. Similarly, if you would like to invest in a house, this is the best place to start.