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At long last, I have the pleasure to announce there are seven residences on the market at the stunning Jade Signature. While presales have been very strong for this preconstruction development, there are a number of developer units that are selectively on the market for purchase and the estimated completion is early 2017. The developer has released these seven units in a number of configurations: two three bed four and one half bath residences, three four with five and one half bath residences, and two five with 7 and one half bath residence penthouses. The least expensive residence is priced at $3,973,000 with the most expensive residence at $13,010,000. The four bedroom developer residences are between $4.8 and $5.5 million. If you are looking for one of these Jade Signature Condominiums please contact Serge Kay today!

About Jade Signature:

Jade Signature is located in the heart of Sunny Isles Beach on the shores of the Atlantic Ocean. It is estimated for occupancy in early 2017 and offers building features that include doublt height lobby, 24 hour concierge and valet, hbigh speed in building and residences, breakgast lounge, with event spaces and meditation gardens, business center, 2 pools at beach level, private beach club, childrens discovery center, below ground parking, private restaurant, and teen lounge. Residence features include state of the art appliance packages floor to ceiling glass windows, five floorplan choices and expansive terraces and outdoor living areas.

For more information on this preconstruction and other preconstruction properties in Sunny Isle Beach contact Serge Kay today.




Last month, NAR reported that home sales were at a high not witnessed since the downturn. From the increase in home sales, the continued demand from buyers, and national reduced inventory, there is no time like this July to sell your home. Consistently the inventory has been a driving factor in homes undergoing bidding wars, so if you are looking to sell your home fast, there could not be a better time. Miami in particular has so few homes on the market, if you have a home in Miami, Coral Gables, Coconut Grove, or Pinecrest, you should consider the three below reasons to sell. Contact me today for a market analysis.

1. Demand: Not only is there continued sustained demand for homes, the buyers are in a number of different demographics. From First time buyers taking advantage of low mortgage rates, to boomarang buyers coming back from foreclosure, to traditional owner occupants, and of course international buyers, the Miami market is flooded with buyers. Demand at this level necessitates inventory.

2. Price: Single family homes and condos have undergone massive increases in value the past two years and often are 13% over purchase price. It is some of the largest gains since 2007. Further, homes are getting ask price or inspiring bidding wars, so homes are selling in record time for record prices.

3: Competition: Inventory is incredibly tight and buyers are competing for the supply. There are fewer properties in distress, which translates into homes fetching their actual value. Unlike years prior, in which distressed homes would bring down the value of neighboring properties, the market is more healthy.



 

The National Association of Realtors announced the indices today regarding pending home sales and they show that they are at a record high not witnessed since April 2006. Median existing home prices for all housing reached peak prices set in 2006 and buyers are proving to come back in full force with an incredible pace. Chief economist Lawrence Yun of NAR has called this spring's buying the strongest since the downturn. A rise in mortgage rates encouraged some buyers to buy now rather than wait for prices to come down. Total aggregate sales of resl estate were up 3.2%.

Inventory on a national level remains low, however it is up slightly from a year ago. With inventory low, the bidding wars are becoming fierce. Properties are selling faster, and 47% of homes sold in less than a month in June with propertries typically on the market 34 days. One of the reasons sellers who would consider selling at the moment are not selling is that they are concerned with finding affordable housing post move. In Miami, this could not be more apparent and has led to a rash in new development, totally over 65. New homes are also being developed in Miami. For information on New Homes in Miami, contact me today!



 

Miami Beach has been experiencing a veritable boom in development in 2014 and 2015 with dozens of new developments planned and Latelier is one of that I recommend to my clients. Located in the North Beach neighborhood of Miami Beach, it is fifteen minutes to the Miami International Airport and ten minutes to the international shopping mecca, Bal Harbour Shoppes. The beaches in North Miami Beach are some of the best in Miami and are less populous than on South Beach, making them a favorite for locals. Latelier is located directly on the beach and takes full advantage of its’ premier appointment.

Latelier Miami Beach building amenities include Holly Hunt and Enzo Enea design, concierge, 24 hour valet, pool and beach attendants, infinity edge swimming pool, uppder deck lap pool, cabanas, pool bar and BBQ, spa and treatment rooms, beauty salon, state of the art gym, and sauna and steam rooms. Residences are either half floor or full floor and range between three to six bedrooms, with expansive balcomnies, panoramic ocean and city views, ten and eleven foot ceilings, Gaggenau appliances, and outdoor whirlpool spa. Between the building amenities and the residence features, and of course the location, this Miami Beach new development is sure to sell quickly, for more information on buying Latelier Condominiums, contact me today!



 

New York's Springhouse Partners recently acquired 1700 Alton Road fro $21 million. The space holds apartments and retail space and was last traded for $1 million. This is one of the most drastic examples of how high mixed use properties are selling for in Miami Beach. Originally built in 1923, the building is five stories tall and was valued in 2014 at $3.5 million. The former property owner holds a hotel license, which could mean that Springhouse could develop a hotel above the retail space, which currently holds a Vespa store. As it stands, there is 8,165 sqaure feet of retail space with 68 studio apartments and 33 parking spaces.

The location of this building is very significant since it is only one block from Lincoln Road, one of the busiest pedestrian shopping areas of Miami Beach. Lincoln Road commercial properties have been steadily increasing in value and selling in the tens of millions range, with no sign of slowing. Dining and shopping on Lincoln Road are some of the most popular tourist attractions, further adding to the value. For more information on commercial listings or residential listings near Lincoln Road, do not hesitate to contact me today!



 

It is known nationally and locally that the Miami real estate market is one of the most thriving in the nation, however its’ neighbor to the north, Fort Lauderdale, is also on the rise. A penthouse condominium unit in the Ritz Carlton has just sold for $1556 per square foot, which breaks the city’s record. The sales was for unit 2202 and went for $4.4 million. It contained three beds and five baths including a spacious balcony with outdoor landscaping.

Residences such as this one command very high prices for a variety of reasons. Namely, they appeal to CEO’s and high level executives because they have every item taken care of in house including laundry, dining, massage, housekeeping and more. The new preconstruction projects in Miami including Faena House, Millecento, and Residences at Ritz Carlton offer similar style living. For more information on new properties or for existing condo opportunities in Fort Lauderdale and Miami, contact us today!



 

Israel based ASRR Capital and the Suzer Group, a Turkey based LLC, have acquired a 41 tower unit and paid a staggering $40 million. Located at 8955 Collins Avenue the transaction took place off market and is located next to the Surf Club Four Seasons Hotel and Private Residences. Tenants will move within 30 days and in its place will be an 80 room hotel with beach club that will be a continuation of the Four Seasons development.

The building is zoned for 12 stories and will be complete in 2.5 years. Investors remarked that the acquisition made fiscal sense by relating Miami as a continuation of New York. Their entrance into the Miami real estate market is not the first nor the last, as many international interests are setting their sights on South Florida. New Developments in South Florida are so frequent they are often hard to keep track of and there is no shortage of preconstruction opportunities. If you are looking to purchase a preconstruction in Miami, contact Serge Kay today!



 

The Bay Harbor Islands have witnessed a marked rise in new developments in 2015, with 101 Bay Harbor Islands Townhomes among others and recently announced is Pearl House. Pearl House offers luxurious island living with residences between two and four bedroom configurations that offer indoor and outdoor living areas. Each residence is decorator ready and includes smart home technology. Penthouses have summer kitchens and private rooftop terraces.

Pearl House building amenities are the quintessential resort style living including private garden entry, residential designer lobby, two assigned and covered spaces per unit, electric car charging station, state of the art fitness center, and rooftop swimming pool. The Bay Harbor Islands are located conveniently near the Shoppes at Bal Harbour and Miami Beach, in addition to the Miami International Airport. Pearl House was just announced and preconstruction properties will likely be selling soon. For more information contact Serge Kay today!



 

Sunny Isles Beach commissioners approved a pair of 51-story towers which will soon be the project, Pallazo di Aqualina. This project will be erected on the former site of Golden Strand Ocean Villa Resort and developer Jules Trump will build Palazzo Di Acqualina with 190 residential units.


Jules Trump has two other projects within a two-block radius of Pallazo di Acqualina, Acqualina Resort and the Mansions at Acqualina. Palazzo will feature a multi level villa between the two towers which will include restaurants, a health club with spa and a theater. Residences will feature 5,000-square-foot condos per floor that are estimated to cost roughly $8 million per residence.

Check www.sergekay.com for further information and preconstruction sales.



 

Craig Robbins of Dacra has nearly single handedly transformed the Design District and the city’s planning and zoning board is considering further expansion tomorrow. Planners will consider an application to incorporate 1.9 acres into a Dacra project. The prospective site is 220 Northwast 43rd Street and was purchased in 2014 for $12.5 million. If approved this would increase Dacra’s holding to 22.9 acres and increase residents parking as well as residential opportunities for development.

Retailers have already made a transition from Bal Harbour to The Design District in droves including Louis Vuitton, Prada, and Hermes. Other luxury retailers who have laid roots in The Design District include Celine, Prada, Berluti, Tiffany & Co, and Cartier. When construction in the neighborhood is complete there will be an additional 60 stores and 15 buildings. Construction is set for completion in 2016. The final phase will include a hotel and condo project. Many are beginning to realize the vast changes to the modern urban landscape that is Miami and this is but another example. For more information on these projects and other new developments in Miami, please contact me today!



 

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128 Articles Found

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At long last, I have the pleasure to announce there are seven residences on the...


Last month, NAR reported that home sales were at a high not witnessed since the...


The National Association of Realtors announced the indices today regarding pending...