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News Category

The Very Fancy SLS LUX Brickell

July 7th, 2014 Written By Carol Pawley

 

LUX MEDIUM

The sales center for the SLS LUX Brickell condominium is now open. The project will offer-among many other impressive features- sophisticated designer interiors, original works of art by contemporary masters, private rooftop pool terraces, celebrity chef restaurants, and limousine service to a chic private beach club. Services designed to indulge the most discriminating clientele.

Even before the pre-construction sales center opened its doors, the SLS LUX had reservations from buyers to purchase $200 million in units — half the project’s total sales according to Related, which is jointly developing the prime site with real estate baron W. Allen Morris, who owns the land.

Today’s high-end condo developments are far fancier, moving Miami into an elite circle of global cities where the super-rich come to play or perhaps to do business. As developers compete to offer the best of the best, Miami has turned into a workshop for internationally famous architects like Richard Meier, Zaha Hadid and Bjarke Ingels, and prominent interior designers and landscape architects. Exotic building materials, cutting-edge appliances, and smart-house features are de rigueur.

 

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Max Azria’s Fisher Island Condo for Sale

June 19th, 2014 Written By Carol Pawley

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Max Azria, the famous designer behind the “BCBG” brand, is selling his Fisher Island condo for $7 million dollars. The sixth floor unit has five bedrooms and five and a half baths, white marble, a big living room, wide terraces, and westerly views of the Miami skyline. Interested?  Give me a call!

 

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Fixed Mortgage Rates Continue Falling

May 27th, 2014 Written By Carol Pawley

mortgage low rates

Key fixed-rate loans are now trending at 4.14%––the lowest level in seven months, according to the latest survey by mortgage buyer Freddie Mac. That average rate is down from last week’s 4.20%. 

In the short term, experts predict these lower rates will hold steady. In the latest Mortgage Rate Trend Index poll, 89% of the analysts and loan experts said they expect mortgage rates will remain unchanged over the next week.  Bottom line, if you are shopping for a mortgage, you have timed it right and there is no better time to lock than the present.

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Miami Beach is getting ready for a big weekend.

May 23rd, 2014 Written By Carol Pawley

 

Memorial-Day-Wallpaper

More than 100,000 visitors are expected to fill the beach over the Memorial Day holiday.

In case you are brave enough to venture out there, here are a few pointers:

– Ocean Drive will be closed Friday May 23, 7:00 a.m. through Tuesday, May 27, 7:00 a.m. Some access to the east/west streets (100 and 200 blocks) between Washington Avenue and Ocean Drive, 6 to 15 streets, will also be restricted. Local residents with the proper zoned decals will be allowed to enter.

– Collins Avenue will be one-way northbound nightly 7:00 p.m. until 7:00 a.m. (Friday-Monday). No street parking will be allowed on Collins Avenue between 5 and 15 streets as those lanes will be used to extend pedestrian pathways. Valet operations will also be moved – guests should check with the hotel for location.

– Washington Avenue will be one-way southbound nightly 7:00 p.m. until 7:00 a.m. (Friday-Monday). Access to east/west streets between 5 and 17 streets will be restricted.

Personally, I think a BBQ at home with family and friends may be a much better idea!

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All-Cash Sales Reach a New High

May 7th, 2014 Written By Carol Pawley

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RealtyTrac reports that 42.7 percent of all U.S. residential property sales in the first quarter were all-cash purchases. The highest level since it began tracking all-cash purchases in the first quarter of 2011.

Cash sales made up more than half of all sales in Miami, New York, Detroit, Atlanta, and Las Vegas. Among metropolitan statistical areas with a population of at least 500,000, those with the top five highest percentages of cash sales were all in Florida: Cape Coral-Fort Myers, (73.6 percent), Miami (67.1 percent), Sarasota, (65.1 percent), Palm Bay, (64.1 percent), and Lakeland, (61.8 percent).

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Coral Gables among 10 Friendliest Small Cities

April 2nd, 2014 Written By Carol Pawley

 

kerne-erickson-visit-coral-gables-floridaIf you think Coral Gales is a friendly community, you are absolutely right.  Coral Gables recently made the list  of America’s Friendliest Small Cities. The national online real estate firm that conducted the study looked at 100 cities with under 50,000 in population and ranked them based on charity, flower and gift stores, farmers’ markets, Facebook likes, and other factors.  Congratulations to Coral Gables!

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The best is yet to come for Boomers

March 31st, 2014 Written By Carol Pawley

boomers

 

According to a recent survey, 57% of baby boomers (ages 49-67)  plan to move out of their current home, and 70 percent believe the house they retire in will be the best home they’ve ever owned!

Here are additional survey findings

• Visitors only: Most boomers – 83 percent – don’t expect family to move into their home in the future, indicating they expect any “house guests,” including adult children, to be temporary.

• Putting down roots: Many boomers have planted roots in their communities and want to remain in a familiar place. Of those surveyed who are not already retired, 72 percent plan to retire in the same state.

• Easy living:
When asked to pick the most important factor in choosing their next home, low-maintenance features topped the list (42%).

• Not just yet
:  28 percent of boomers who are not yet retired, never plan to retire; and the 46 percent who plan to retire still anticipate working part-time.

 

 

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