Biscayne Point Miami Beach

PRICE: $419,000

Description | A fantastic 3 bedroom 2 bathroom home, with several upgrades including screened porch & jacuzzi, koi pond, huge storage shed, large open kitchen w/ gas stove, hurricane shutters, stamped driveway, large master bathroom, full size washer & dryer, and an amazing fenced yard with a gazebo. This property is located in the gated waterfront community of Biscayne Point, and just minutes from several schools, the beach, Normandy Isle Park, North Shore Park, and Normandy Shores Golf Club.

To view this single family home in Miami Beach’s Biscayne Point neighborhood – call 305-673-5300 or email us info@miamiangelproperties.com.

Address | 1321 S Biscayne Point Rd, Miami Beach - map it

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March 10, 2010 by Ross · Leave a Comment

King Cole Miami Beach

Filed Under Condos, Listings ·

PRICE : $99,500 CLOSED SALE $92,000

Description | The King Cole Condo was built in the early1960’s in Miami Beach. The building has a unique “U” design and most units have outstanding views of downtown Miami, Miami Beach and Biscayne Bay. This unit is a large one bedroom unit that is renovated and is being sold for an asking price just over $100 per square foot.

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

Address | 900 Bay Drive, Unit 521, Miami Beach - map it

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March 9, 2010 by Ross · Leave a Comment

Icon South Beach Short Sale

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

PRICE: $695,000 SHORT SALE

Description | The Icon South Beach is one of the most sought after addresses in Miami Beach. Designed by Philippe Starck and developed in 2004, the Icon South Beach offers a lobby, views and amenities that few condo projects can compete with. This short sale has been approved by the bank at an attractive price that is a 60 percent discount to the $1.7 million price that the seller paid in 2007. To view this luxury condo in South Beach’s South of Fifth neighborhood – call 305-673-5300 or email us info@miamiangelproperties.com.

Address | 450 Alton Rd #2306, Miami Beach - map it

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March 4, 2010 by Ross · Leave a Comment

5838 Collins Ave Foreclosure

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

PRICE: $219,900 BANK OWNED

Description | A large direct waterfront two bedroom two bathroom condo located in the Millionaire’s Row area of Miami Beach. The fantastic views of La Gorce Country Club, Biscayne Bay and downtown Miami are just incredible day or night. This building is directly opposite the beach and within minutes of South Beach. To view this attractive foreclosure opportunity in Miami Beach – call 305-673-5300 or email us info@miamiangelproperties.com.

Address | 5838 Collins Ave #7B, Miami Beach - map it

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March 4, 2010 by Ross · Leave a Comment

Bayview Terrace Foreclosure

Filed Under Condos, Listings ·

PRICE: $114,900 BANK OWNED

Description | The Bayview Terrace Condominiums are located on West Avenue facing Biscayne Bay in Miami Beach. This fantastic location is within walking distance of Lincoln Road Mall, movie theaters, shops, supermarkets and multiple South Beach venues. This renovated unit is on a high floor and features sweeping views of downtown Miami and the bay. Attractively priced at only $153 per square foot with affordable monthly maintenance fees of $369, this condo is a great deal in a prime location. To view this condo in South Beach – call 305-673-5300 or email us info@miamiangelproperties.com.

Address | 1288 West Ave, Unit 1505, Miami Beach - map it

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March 4, 2010 by Ross · Leave a Comment

Miami Real Estate – January 2010

Filed Under Blog ·

Miami Real Estate Market Summary – January 2010

For the month of January 2010 versus December 2009, the total number of closed sales decreased to 233 in January 2010 from 384 in December 2009, which represents a decrease of 40 percent. The drop in closed sales is somewhat typical for this time of the year, in particular, with the banks looking to clean up their balance sheets before year end.

In the Miami Beach condominium market, we witnessed a positive turn in the tide in the less than $500,000 price range. The total number of distressed properties for sale, including bank owned foreclosures and short sales, continues to diminish and currently represents 28 percent of properties for sale. Additionally, the number of distressed properties that sold in January 2010 represented 39 percent of the total closed sales. These improving numbers are significantly less than in other areas of Miami and indicate that the condo market is stabilizing at the lower end in Miami Beach.

Conversely, in the downtown Miami / Brickell area, the number of distressed sales accounted for 60 percent of total sales in January 2010. This high percentage of distressed properties is consistent with the past years performance in the Brickell district and downtown Miami area. Unfortunately, due to such an extensive supply of new condominiums as well as a large number of foreclosures, this area will continue feel downward pressure on property values.

The luxury condo segment remains void of any significant number of short sales or bank owned foreclosures. However, there was a significant number of new listings of luxury condominiums in Miami Beach placed on the market in January 2010, in particular at the Murano Grande, Icon Miami Beach, Il Villagio and Continuum North [23 out of 27 new listings are developer units].

It is also important to note that the number of condos closing with financing is increasing. In the Brickell area, for example, almost 40 percent of new purchases were acquired with conventional financing in January. This trend is likely to increase as Fannie Mae recently provided “special approval designation” for several downtown Miami condominium projects, including Cite, Isola, Latitude on the River, NEO Vertika, and the Club at Brickell Bay.

January 2010 Featured Closed Sales:

6662 Windsor Lane, Miami Beach

This luxury single family residence is situated on La Gorce Island, a private island community in the mid Miami Beach area. This enormous home with almost 7,000 square feet of living area, four bedroom and five bathrooms, was listed for $2.99 million and sold for $2,665,000 to a cash buyer. The seller, Windsor Lane LLC, purchased the vacant lot in 1999 for $550,000 and developed the property in 2003. Based on recent comparable sales in this Miami Beach neighborhood, the buyers acquired the property at an attractive price of only $383 per square foot.

829 Medina Ave, Coral Gables

A 1,724 square foot home with three bedrooms and two bathroom that was originally built in 1947. Fully renovated with Brazilian cherry wood floors, new kitchen and appliances and several other upgrades, this property traded twice in the past three months. It was acquired at public auction for $214,000 in November 2009 and then immediately flipped by the investor to a cash buyer for $385,000 in January 2010. Prior to the purchase at auction, the former owner attempted to sell the property as a short sale for several months. Purchasing this fully renovated Coral Gables home at auction for $124 per square foot and then reselling the property within 90 days is a prime example of the opportunities in our market.

Are you looking for a Miami or Miami Beach property at a deep discount? Are you looking for a discounted short sale or bank owned property? Ross Milroy of Miami Angel Properties, LLC may be reached at 305-673-5300 or info@miamiangelproperties.com.

* The data used to generate this chart/data is gathered from the Southeast Florida Multiple Listing Service (“MLS”) and the Miami Dade Clerk of the Courts. The data in the MLS is deemed reliable but not guaranteed. This data is for January 2010 for single family homes, unless otherwise indicated as condominiums/town homes. The prices are the actual sales prices of all single family or condos/town homes that closed during the month of January 2010 and are published in the MLS as of the date of this post.

March 1, 2010 by Ross · Leave a Comment

Duo Condo Hallandale Beach

Filed Under Condos, Listings ·

PRICE: $310,000

Description | This new 3 bedroom, 2 bathroom condo in the Duo condo project in Hallandale Beach has an amazing direct view of the Diplomat Golf Course. This is a corner unit with plenty of natural light and is just a short walk to the beach or Gulfstream Park. The condo project offers fantastic amenities including resort style pools, tennis courts, gym, spa, concierge and valet. To view this luxury condo in Hallandale Beach and take your golf game to the next level – call 305-673-5300 or email us info@miamiangelproperties.com.

Address | 1745 E Hallandale Beach Blvd., Unit 502W, Hallandale Beach - map it

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February 15, 2010 by Ross · Leave a Comment

Akoya Condo Miami Beach

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

PRICE: $225,000 PENDING SALE

Description | Wake up in the morning and enjoy your coffee in bed while looking at the stunning views of the ocean and Miami Beach. The warm tropical water and beach is at your doorstep. This foreclosure is being offered at a huge discount considering that this property sold for $680,000 in 2006. The Akoya Condominium offers full amenities with affordable maintenance fees. For additional information on this foreclosure property at the Akoya Miami Beach call 305-673-5300 or email us info@miamiangelproperties.com.

Address | 6365 Collins Ave, Unit 1410, Miami Beach - map it

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February 12, 2010 by Ross · Leave a Comment

Dilido Island Getaway

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

PRICE : $1,075,000 REDUCED

Description | This stunning Venetian Island residence is located within minutes of downtown Miami, the Miami Performing Arts Center or South Beach. The property was fully renovated in 2006 and features travertine marble floors, a gourmet kitchen with gas stove, a spacious master suite and bathroom, walk-in closet, as well as access to the fantastic pool, jacuzzi and entertainment area. The physical plant was also improved with new electric and roof as well.

This home offers an incredible Miami Beach location – Call or email us today to view this property -305.673.5300 or info@miamiangelproperties.com.

Address | 830 E Dilido Dr., Miami Beach - map it

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February 8, 2010 by Ross · Leave a Comment

Royal Embassy on Millionaire’s Row

Filed Under Condos, Listings ·

PRICE : $360,000 MILLIONAIRE’S ROW

Description | This two bedroom, two bathroom condo with over 1,900 square feet in mid Miami Beach offers incredible views of La Gorce Island, Miami and the Biscayne Bay. The unit has been upgraded throughout with tiled floors, new kitchen, appliances and granite counter tops. There is plenty of closet space and storage as well. With an asking price of only $187 per square foot, this condo is excellent value for money. For more information, call or email us today to view this property -305.673.5300 or info@miamiangelproperties.com.

Address | 5750 Collins Ave #12B, Miami Beach - map it