Yesterday I visited the site were the new Porsche Design Tower Miami is in it’s initial stages of construction. The Porsche Design Tower will be a luxury residential high-rise with a notable features for car enthusiasts including an automobile elevator and “sky garages” attached to its apartments. It is an ocean front tower in the heart of Sunny Isles. The Porsche Design tower will be a 50 story tower with 132 residences , units will range in size between 4200 to 17,000 square feet of living space. How much you ask will it cost for a piece of paradise? Well prices will start at $4.5M and go up to $25Million for the penthouse suites..
I must admit this to be one of the most technologically advanced residences I have yet to see. Everything is at a touch of a button and the design is made to meet the demands of the most discerning of buyers. Quality features and out of the box spaces offer elegance and comfort to the select few whom will be able to call this place home. According to the Developer Gil Dezer or Dezer Development more than 50% of the residences area already under contract, which does not surprise me at all! I think for those who appreciate the better things in life, once presented with a project of this caliber it’s is hard to go back to the ordinary. Visit the below link for full building details
Porche Design Tower Miami
Unique Features
132 Residences, 57 Stories, 3 Residences per floor, 2 private car garages for each unit.
Residences range from 4300 sf to over 10,000 sf, with penthouse over 14,000 sf.
Flexible floor plans 3,4,5,6 bedrooms depending on Model type.
Two-store lobby, Designed with the finest finishes and elaborate furnishings
Car Elevator that travels at 600’ per minute
24-hour Concierge, Security and Valet Services
Private Restaurant with outdoor seating and lounge bar
State-of-the-Art SPA, Fitness Center, Hair Salon
10,000 Sq foot Oceanfront space ideal for displaying museum-quality, collectible automobile.
Expansive Beachfront pool deck with lounge seating and beachside cabanas
Most Residences feature balconies from 800 to over 1,600 sq ft.
Plunge pools and summer kitchens/ For individual Residences
Virtual Golf Simulator / Club House area
4-Car Interconnected virtual race simulator / Club House area
Movie theater with stadium seating , for 25 guests
Card table and billiard area
Ballroom equipped with Bar & Catering Kitchen.
2 Car Private Garages (Minimum)
Price Range and Deposits
Price Range: From $4.5 million to over $20 million
20% down at contract now
10% down at groundbreaking – @ First/ Quarter April 2013
Balance due at closing – January 2016
Porsche Design Tower Miami will only require 30% in deposits.
This home located in the South side of Coconut Grove came into the market this week as a foreclosure. The home features a 3 bedrooms and 2.5 bathrooms, it has approx 2300 sq. feet of living area and the lot is 7800 sq. feet. I have not been inside the property yet but from the pictures it seems like it’s in good shape. Foreclosures as not so easy to find in Coconut Grove so I am certain this property will get a lot of attention. To see more details and pictures of the home please click on the below link. To schedule an appointment to go see the property please call me @ 786 853 2333. I am certain this property will sell very fast as do all foreclosures in today’s market, so if this catches your interest don’t delay.
Selling real estate is my passion and I consider myself an expert in my field. My track record of satisfied clients is my resume. I can assist you with all your real estate needs whether you are looking for your first home or your next investment property. If you are interested in getting more information about the market or would like to schedule and appointment to Sell or Buy a home give me a call at 786 -853-2333 or email me here. I specialize in the most sought after neighborhoods in Miami, from Luxury homes to ocean-front condos…let’s start working together.
Now a days, move-up buyers are analyzing very closely the home prices and holding back on selling their properties just waiting for the “perfect moment” but what they don’t realize is that they may be losing their golden opportunity according to the Florida Realtors March 2013 issue.
How to know when the “perfect moment” has come? Well Daren Blomquist, Vice President of RealtyTrac, explains that the best time to sell may depend on when the homeowner purchased their property. For example individuals who purchased their home during the slow-moving market a couple of years back may find that selling in 2013 makes sense. Blomquist stated: “Because they bought near the bottom, these homeowners should have built up some good equity that can go toward the purchase of a new home, and waiting longer to build more equity most likely won’t provide much advantage given that the other homes that they might want to move up to will also be appreciating at roughly the same pace”.
The low interest mortgage rates, which right now are at 3.5 percent range, are expected to reach a 4.4 percent range in the next 12 months according to the Mortgage Bankers Association, which means your purchasing power will decrease as interest increase. Waiting to sell now will translate into possibly getting more for your home later but it will also mean moving into a bigger home may cost more than the equity you will gain.
Having lived in Miami for over 20 years and selling real estate for the past 10, I have acquired the experience and know how it takes to help Buyers and Sellers achieve their goals and make sound real estate investments. If you are interested in getting more information about the market or have a question about a particular property give me a call at 786 -853-2333 or email me here. The areas that I specialize in include, Coconut Grove,Coral Gables, The Roads, Brickell, Downtown, Midtown, Miami Shores and Miami Beach.
As of March 2013, the filings of Foreclosures dropped 25% in comparison to last year according to Realtytrac. Many predict the housing markets may be returning to normalcy.
“At a high level the U.S. foreclosure inferno has been effectively contained and should be reduced to a slow burn in the next two years,” said Daren Blomquist, Vice President of RealtyTrac, which released the latest data.
What about Florida? Well, we are still dealing with lots of foreclosures, as statistic released by RealtyTrac shows that our state has the highest foreclosure rates for six consecutive months as of February 2013. Having said this it is important to note that foreclosures in Florida have dropped significantly in the past year specially in Miami in markets like Brickell, Downtown, Midtown, Coral Gables, Coconut Grove, Key Biscayne and Pinecrest. There is still that misconception that there is an abundance of foreclosures especially in Miami and buyers are still looking for that golden deal. In our upcoming blog we will provide you with a market report, which reflects the current inventories in todays market and how price per square foot has been increasing due to low inventory levels. Miami is on the downward slope of the foreclosure train!
No longer do we have the situation were a buyer has multiple opportunities to snatch a great foreclosure deal, there just aren’t that many out there at least not in the select Miami neighborhoods.
If you are in the market for a foreclosure opportunity you may look at states like Nevada, Maryland and Washington, which show surging foreclosures. As stated by Daren Blomquist,”Dangerous foreclosure flare-ups are still popping up in states where foreclosures have been delayed by a lengthy court process or by new legislation making it more difficult to foreclose outside of the court system. Foreclosure starts have been steadily building in those states over the last several months and likely will end up as bank repossessions or short sales later this year.
“These new foreclosure hot spots include states like Washington, where seven straight months of rising foreclosure activity pushed the state’s foreclosure rate to fifth highest nationwide –the highest it’s ever been in our report — and Maryland, where eight straight months of rising foreclosure activity placed the state’s foreclosure rate among the top 10 nationwide for the first time since July 2010.”
Having lived in Miami for over 20 years and selling real estate for the past 10, I have acquired the experience and know how it takes to help Buyers and Sellers achieve their goals and make sound real estate investments. If you are interested in getting more information about the market or have a question about a particular property give me a call at 786 -853-2333 or email me here. The areas that I specialize in include, Coconut Grove,Coral Gables, The Roads, Brickell, Downtown, Midtown, Miami Shores and Miami Beach.
Finally what everybody has been talking about is now confirmed, SLS Hotel and Residences are coming to Brickell. The new development would be located at 1300 South Miami Avenue and will be composed by 51 floors. The hotel will occupy the first nine floors.
Although this Condominium will include a hotel, it will not be a Condo-Hotel set up. Unit owners will have their own separate entrance as well as their own pool area on the rooftop. Total residential units will be 450 and 132 units for the hotel.
As for amenities, expect nothing but exclusive design and luxury which characterize SLS Hotels and Philippe Starck’s designs. Some of the best features include:
• 3 great restaurants on the ground floor: Katsuya by Starck, Bazaar by Jose Andres and Michael’s Genuine Food & Drink.
• 2 swimming pools (one on the 9th floor and a second one on the roof top exclusively for residents).
• 1 Lounge: Hyde Bar and Lounge.
• 1 Spa: Ciel @ SLS
• Business Center with private meeting rooms
• 1 S Bar – Jazz Lounge
• 1 Ball Room with independent street entry hotel lobby.
• And last but not least, the Fitness Center.
For the Pre- Reservation Process, the required deposits are:
• $30,000 dlls – 1 bedroom
• $40,000 dlls – 2 bedroom
• $50,000 dlls – 3 bedrooms / PH
Afterwards the deposits structure would be as following:
1. 10% at Reservation – March
2. 10% at Contract – June/July
3. 10% at Ground Breaking – Fall
4. 10% at 25th Floor – September 2014
5. 10% a top off – 2015
6. 50% at Closing – beginning of 2017.
The size range of the units go from 717 square feet for the one bedroom plus den to 1500 square feet for the three bedrooms plus den.
Want to be part of Brickell’s hottest building, surrounded by luxury and very well known brands? Feel free to contact me and I would help you with your Pre- Reservation Process.
If you have been following the real estate market in the past year you will have noticed how quickly the inventories have been dropping in key areas in Miami-Dade County. As evident in the above chart from 2011 to 2012 we have had a15% increase in Single Family home sales and 27% increase in Condominium Sales (Source: South Florida Regional MLS).
Since 2008 Single Family homes and Condominium sales have gradually taken the upward slope. Another interesting fact is that in 2008 we had on average a 29 month supply of Single family homes on the market and 40 months supply of condos, it was truly a buyers market! Everyone wondered how much lower prices would continue to drop since it seemed absorbing those levels of inventory would take a long time. I remember I had buyers telling me ” the market has not hit bottom yet it will take years and years to recover from this”. In 2009, less than a year later the supply levels had dropped to 10.2 month supply for homes and 18.2 months for condos, less than half!Today’s inventory levels are down to 4 months worth of supply and even less on rental properties. Buyers that decided to wait in 2011 and 2012 can’t believe the opportunity they missed. Today we find buyers facing multiple offers situation or frustrated because properties are going under contract before they can submit their offers.
The market is hot and everyone is realizing that waiting that extra year to buy at a lower price is no longer an option.If you are currently in the market to purchase a property give me a call, together we can find your dream home. If you are considering selling, I can provide you with the latest sales in your area as well as a comprehensive analysis of your property’s value.
Having lived in Miami for over 20 years and selling real estate for the past 10, I have acquired the experience and know how it takes to help Buyers and Sellers achieve their goals and make sound real estate investments. If you are interested in getting more information about the market or have a question about a particular property give me a call at 786 -853-2333 or email me here. The areas that I specialize in include, Coconut Grove,Coral Gables, The Roads, Brickell, Downtown, Midtown, Miami Shores and Miami Beach.
Miami’s Brickell CitiCenter Project that was stalled by America’s economic woes back in 2008 has begun construction work since last month, and already Swire Properties said in a press conference last July 26th that they will start working on its mega parking lot that has a capacity of 3,100 vehicles.
Turner Construction Co. is the one overseeing the construction project as the Hong Kong-based Swire Properties Inc. awarded the contract to them since last May of this year. The construction company is expected to complete the first phase of the project by 2015, and among the details of this 9-acre infrastructure includes five mega buildings, where one of which is going to be a 520,000 square foot mall, a hotel having 243 accommodations, a 110,000-square-foot office tower, 93 service apartments and 800 condominium units. The second phase of the project should be completed by 2018, but experts say that the economy will still be a key factor on whether or not the target date could be reached.
Swire Properties CEO Martin Cubbon said “Miami’s economy is benefiting from investments by its neighbors from South America, and we see strong growth potential for the city. The location of Brickell CitiCentre offers an excellent opportunity to draw market share from local businesses and residents as well as visitors.”
The Brickell area in Miami’s south harbor couldn’t have been a more perfect location for the CitiCenter to be erected as it offers all the best of the city to the people who will work and stay in it. First of all it’s downtown and all the basic amenities is just easily accessible like the MetroMover for instance; commuters will find it a fast and efficient ride to any point in Miami. The city is also adapting the “green” policy, which is why its new laws prefer pedestrians than cars on its sidewalks – the Brickell CitiCenter may just be the catalyst for a greener more environment friendly Miami City.
The President of Swire Properties Inc., Stephen Owens, told the Beacon Council’s breakfast reception, which is the economic-development group of Miami-Dade. “We don’t think petrol will be $5 a gallon forever. We’re living in a world of subsidized energy, and we don’t think it can last forever.”
Swire Properties Inc. has recently released this photo detailing the Brickell CitiCenter Project in black and white CGI:
This is how the mega construction project should look like after a decade from now, but it will look more stunning once the first phase is completed. At least for now we get to see a glimpse of what it may look like.
The Brickell CitiCenter Project’s developer, Swire Properties Inc. said that it plans to dedicate about 28,963 square meters of the CitiCenter to wellness centers and medical facilities. Swire is hoping that the entire complex will become a self-sustaining metropolis within the downtown Miami, where the people who works there will less likely have to or need to drive to some distance just to get supplies or engage in a recreational activity. All this, according to the developer, has been considered aside from the “green” theme that they will also adapt throughout the entire complex. If you are looking to sell your home or buy a new one but insist on only working with a professional agent that will help you in the process and work hard to get things done, then call me at (786)853-2333 or drop me a line at naylabenitez@gmail.com. It’s that simple!
A new foreclosure just hit the market in Coconut Grove. The Grove has not had that many foreclosure properties as compared with other parts of Miami so when something like this home on Kumquat avenue hits the market you know many buyers will be putting in their “highest and best” offer. The house looks in very good condition with updated kitchen and bathrooms and a good size yard (almost 13,000 sq.ft lot). If you are an investor looking to steal this one you may have to wait because their are conditions and date stipulations and owner occupants as well as Non-profit, Municipalities, etc will get first chance to place offers after the first week the property is on the market. Should none of those offers be accepted then and only then will investors be able to place their offers. So if you are a buyer looking for a home in Coconut Grove at a reasonable price this is your opportunity.
For more details about this home click on the link below
If you are interesting in setting an appointment to view this home give me a call I am a local realtor that lives in the Coconut Grove area and will be more than happy to assist you in purchasing or selling your home in Coconut Grove. Should this property not be what you are looking for I have access to an entire inventory of properties not only in Coconut Grove but also in Coral Gables, The Roads, Brickell and Key Biscayne. You can reach me via email at naylabenitez@gmail.com or call me at (786) 853-2333.
I know is hard to believe…. everywhere in the news you hear how bad the economy is and how prices continue to drop in the housing market but…there is always a but….there are currently two new condo development projects on the works for next year. BRICKELL HOUSE which is going to be located in the empty lot right across from the Jade is one and the other is MyBrickell. MyBRICKELL is another RELATED & Arquitectonica’s project inspired by renowned designer Karim Rashid. is set to be completed in 2013 and will be breaking ground in the Dec 2011. It’s location will be at right behind the 500 Brickell Condo along the Miami River, steps from the Brickell CitiCenter once this shopping center is built. MyBrickell will be a 24 story boutique building with 192 modern condominium residences, with a total of 8 units per floor. Reservations are now being taken at reduced pre construction prices and according to developers 42% is already under reservation.
Brickell House condo will have 370 condo units with 46 floors. These condo units will be ranging from studios of 400 sq.ft to 3 bedrooms of 1,438 sq.ft . Developed by Neward Development Group together with Sieger Suarez architectural this project is said to become the next luxury condo in the Brickell area. The interiors will be designed by Yabu Pushelberg, you may recall his designs from the Apogee condo in South Beach. Brickell House will have a robotic automated parking garage new to Brickell condos and it will also contain many “green” features keeping up with today’s environmentally conscious buyers.
Both of these buildings are at the pre-construction phase and both taking reservations. There is no inventory list available to the general public as availability changes daily. I have access to what’s currently for sale and as well as floor plans and prices.
This is a golden opportunity to own a condo in exclusive “Grove Isle” this property was just listed on the market for an amazing price. Originally a 2 bedroom which has been converted to 3/3. It has direct access to the pool and garden area from the unit. Ideal for someone looking for a unit on the lower floors. Over 1800sq. of livings space.
Grove Isle is secluded gated island just outside the heart of Coconut Grove, just a couple of miles from Brickell and Downtown. It is a self-contained Island that features restaurants, a hotel & spa. The Grove Isle is a lushly landscaped 20-acre parcel with three condominium towers that offer amenities such as, a heated pool, 12 tennis courts, health club, sixty slip marina, concierge service, gym, 24 hour security a private beach and much more…if you are looking for a relaxing spot which is also minutes from the action you will love living in Grove Isle.
