South Beach Loft Foreclosure

Filed Under Condos, Hot Picks, Hot Picks - Condos, Listings ·

PRICE : $108,300 BANK OWNED

Description | This boutique building was originally built in 1948 and then completely restored three years ago. This unit has high ceilings, wood floors, and hurricane impact windows. This location is perfect for quick access in and out of Miami Beach, and the beach, supermarket, Miami Beach Golf Course, and Lincoln Road, are just a short walk away.

This unit is perfect for a first time homebuyer or investor looking for that fantastic South Beach location at an affordable price – Call or email us today to view this property -305.673.5300 or info@miamiangelproperties.com.

Address | 2129 Washington Ave #203, Miami Beach - map it

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March 13, 2009 by Ross · Leave a Comment

The Return Of Bidding Wars?

Filed Under Blog ·

I recognize that some of you may find this hard to swallow, but recently we have experienced a few scenarios where there have been multiple buyers bidding on a bank owned property. This is certainly not occurring as often as it was during the boom years, however, it is taking place at certain price points and in areas and buildings of high demand.

What is also encouraging are the many full price offers that closed in Miami Beach and downtown Miami in the past 60 days. These properties can come and go before you even source the deal for you client, so you have to be on top of your game. This is not fiction, it is fact and I am going to back it up with the following recent transactions:

Example 1: 934 16th Street #5, Miami Beach - An updated 2/2 art deco condo in the Metropolis, located in the heart of South Beach, asking price $234,000, sold price $255,000, cash transaction, 35 days on the market.

Example 2: 770 Claughton Island Dr #2104, Miami – A two bedroom, two bathroom unit located on Brickell Key in the Isola Condo, asking price $189,900, sold price $225,000, cash transaction, only 8 days on the market, international purchaser, Russell Development Inc., from the British Virgin Islands.

Example 3: 1331 Brickell Bay Dr #1802, Miami - This large two bedroom unit is located in the Jade Residences on Biscayne Bay in downtown Miami, asking price $445,900, sold price $500,000, financed with $10,000 in seller concessions, 27 days on the market, local buyer Anthony Ferguson paid $327 per square foot.

Example 4: 1250 S Miami Ave #2406, Miami - A two bedroom unit in the Vue on Brickell Condo in downtown Miami, asking price $128,500, sold price $170,000, cash transaction, only 6 days on the market, local investor Bakerloo, Inc., paid $149 per square foot, versus the previous buyer who paid $638 per square foot in 2006.

Example 5: 2301 Collins Ave #629, Miami Beach - This large studio oceanfront unit is situated in the Roney Palace Condo in Miami Beach, asking price $159,900, sold price $165,000, cash transaction, 69 days on the market, local investor Roney Holdings LLC paid $275 per square foot.

Example 6: 335 S Biscayne Blvd #1212, Miami - This three bedroom, two bathroom unit is located in the the One Miami East Condo at the entrance to the Miami River and directly on Biscayne Bay, asking price $294,900, sold price $310,000, cash transaction, 21 days on the market, international buyer, Evgeny Konavalov, paid $219 per square foot for this fantastic location.

I think that in spite of the overwhelming negativity out there, including all the Miami condo doomsayers, that when you have a piece of real estate in a great location and offered at an attractive price, it is going to create good demand. Hence, increased bidding between interested parties and buyers willing pay over what a seller is asking.

For more information on Miami or Miami Beach bank owned properties, please contact us at info@miamiangelproperties.com.

March 10, 2009 by Ross · Leave a Comment

Coconut Grove Foreclosure

Filed Under Homes, Listings ·

PRICE: $369,900 PENDING SALE

Description | This new townhouse was only built three years ago and offers a one car garage and swimming pool, and best of all, there are no homeowner association fees. This property is perfect for a family looking for a fantastic Coconut Grove location at an affordable price of only $160 per square foot – Call or email us today to view this property -305.673.5300 or info@miamiangelproperties.com.

Address | 3095 Ohio St, Coconut Grove - map it

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March 9, 2009 by Julie · Leave a Comment

Collins Avenue Foreclosure

Filed Under Condos, Listings ·

PRICE : $200,220 BANK OWNED

Description | Located in the “North Beach” area of Miami Beach and a one minute walk to the beach, this condo in the Oceanblue project offers a fantastic location at an attractive price of $223 per square foot. Oceanblue is located opposite the beach, and 10 minutes to South Beach, 5 minutes to the Bal Harbor Mall and 10 minutes to Sunny Isles Beach or Aventura.

If you would like further information on this resort condo in Miami Beach, please call or email us today at 305.673.5300 or info@miamiangelproperties.com.

Address | 7600 Collins Ave #912, Miami Beach - map it

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March 9, 2009 by Julie · Leave a Comment

Courts Miami Beach Foreclosure

Filed Under Condos, Listings ·

PRICE : $549,900 PENDING SALE

Description | The Courts in the South of Fifth neighborhood is one of the most successful and sought after communities to live in South Beach. The community sits on eleven acres and features resort type amenities, covered parking, 24-hour security, and a variety of unit types and sizes. If you are looking for a primary or second home in one of the most successful communities in South Beach, then you should definitely consider this unit. Call or email us today to view this property -305.673.5300 or info@miamiangelproperties.com.

Address | 125 Jefferson Ave #113, Miami Beach - map it

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March 9, 2009 by Julie · Leave a Comment

Coconut Grove Bank Owned

Filed Under Homes, Hot Picks, Hot Picks - Homes, Listings ·

PRICE : $226,600 CLOSED SALE $205,000

Description | This is one of those bank owned properties that when you look at the price, you just have to pinch yourself. This townhouse was built in 2005 and sold by the developer for $510,000. Now this three-year old property is available at a 50% discount! Call or email us today to view this property -305.673.5300 or info@miamiangelproperties.com.

Address | 3147 New York St. #B, Coconut Grove - map it

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March 9, 2009 by Julie · 1 Comment

SoBe Conversion Foreclosure

Filed Under Condos, Hot Picks, Hot Picks - Condos, Listings ·

PRICE : $119,900 CLOSED SALE $130,250

Description | This boutique building was designed by South Beach architect Les Beilinson and fully renovated and converted in 2006. Each unit features European cabinets, granite countertops, wood floors, stainless steel appliances, washer and dryer, BBQ and picnic area, and a private “pied-a-terre” entrance.

Address | 826 7th St. #3, Miami Beach - map it

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March 9, 2009 by Julie · Leave a Comment

The Waverly South Beach

Filed Under Hot Picks, Hot Picks - Rentals, Listings, Rentals ·

ASKING PRICE: $2,990/pm RENTED PRICE: $2,800/pm

Description | This furnished rental unit offers designer furniture, Italian lighting, wood floors, at a great price with a view. Located in the popular Waverly within walking distance to Lincoln Road, Whole Foods, and the spa at The Standard. call 305-673-5300 today to check out the opportunity.

Address | 1330 West Avenue #2311 - map it

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March 8, 2009 by Julie · Leave a Comment

Alton Road Foreclosure

Filed Under Homes, Listings ·

PRICE : $575,000 PENDING SALE

Description | In one of the most desired neighborhoods of Miami Beach, this bank owned property is another steal at $180 per square foot. The house is huge with 5 bedrooms and 3 bathrooms and a view of the golf course. Another day, another steal, call today to check out the opportunity.

Address | 2372 Alton Road - map it

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March 8, 2009 by Julie · Leave a Comment

Bentley Bay Luxury Rental

Filed Under Hot Picks, Hot Picks - Rentals ·

RENT: Asking $4,000 w/ Second Month FREE

Description | Your home away from home, this Bentley Bay condominium will satisfy your Miami Beach stay with views of the Bay, Fisher Island, and the Miami Skyline. You’ll never miss an amazing South Beach sunset again with the luxury of having it directly from your own bedroom!

For additional information on this rental property or other luxury condo rentals in Miami Beach, please email us at info@miamiangelproperties.com or call 305.673.5300.

Address | 520 West Avenue #2403 - map it