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1660 S Bayshore Ct #302

January 8th, 2013 Written By Carol Pawley

Unit 302 in Beacon Harbour has just listed for sale. Located in the heart of Coconut Grove on Biscayne Bay,  Beacon Harbour is a luxury 10 unit building built in 2004. Features include marina, exercise room, 60 ft lap pool & more. This exclusive 3 bedroom 3.5 bath residence has 3,444 sqft, high ceilings, semi-private elevator, marble floors & large terraces with stunning views of Biscayne Bay. The unit also comes with 3 parking spaces & a 17 x 46 dock. The condo is listed by Claudia Bacelar of EWM Realty with an asking price of $1,950,000.

Throughout the years I have helped many friends and clients purchase or sell property in Coconut Grove.  If you are interested in purchasing or selling a home, please contact me as I can give some first-hand sound advice with no pressure.  Please send me an email at carolapawley@gmail.com or call me at 305-992-6188. 
 
Click Here to Get Miami Real Estate and Beyond by Carol Pawley delivered by email

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Condo Prices in Miami Rise in August

September 24th, 2012 Written By Carol Pawley

According to a report from the Miami Association of Realtors, in the month of August the median price for Miami-Dade condos rose 28.4% compared to the same period in 2011. Also reported was  median sales price of single-family homes increased to 10.8% .

That being said median sales price for condos now stands at $146,500, and $195,000 for single-family homes. For the past nine consecutive months home prices in Miami have risen. Martha Pomares, 2012 chairman of the board of the Miami Association of Realtors said, “Despite the shortage of housing inventory, Miami home sales remain strong and continue to drive significant price appreciation. There is evident demand for Miami properties, particularly from foreign buyers and investors who recognize Miami’s desirability and profitability.”

Click here to see condo’s currently for sale.

It looks like Miami might be on the road to recovery. What do you think? Share your thoughts below.

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Recent Condo Developments

March 13th, 2012 Written By Carol Pawley

With construction projects happening all around town, it’s an exciting time to be in Miami. New developments range from townhouses to lofts to condos to penthouses to mansions in the sky. Buyers can find everything from affordable studios to waterfront living to luxury condo-hotels in developments ranging from sky-high buildings to chic boutique communities. Whatever you’re looking for in living style, amenities, location or price, there is something for everyone in almost every corner of the city. Top areas include Brickell Avenue, Downtown Miami, the Design District / Midtown, Bal Harbour, South Beach, North Bay Village and Aventura. Recent development include: MyBrickell, the St. Regis in Bal Harbour and Vizcayne in Downtown Miami.

To go along with the new offerings are a new payment tablet prospective buyers sign into. Similar to development projects abroad, the phases of construction are accompanied by payment installments up until the keys are delivered, ensuring buyers are paid up by the end of construction. This eliminates investment buyers who put down a small percentage to then flip it for profit after construction – developers are looking for end-users. Some would say the influx of international buyers has influenced this change but, in either case, it’s a welcome change. Below is a brief explanation of the buying process.

Reservation Units at this stage are priced at their lowest, well below market value. At this point developers are testing the demand for the product and raising capital. Buyers reserve units with a 10% of purchase price down payment.
Contract Once enough reservations are made, developers begin entering into contracts with fully executed condo docs outlining the specifications of the development. A second deposit of 10% of the contract price is due at signing.
Ground Break When the development breaks ground, or construction begins, a third deposit of 20% is due.
 Mid-Way A fourth deposit of 20% is due when the building half way completed.
 Top-Off A fifth deposit of 20% is due at “top-off” or when construction is completed.
Closing A sixth and final payment of the remaining 20% is due at closing/delivery when the keys are turned over.

If you would like more information on upcoming developments or to schedule a showing, please contact me at (305) 992 6188 or email me at carolapawley@gmail.com

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January 2012 Monthly Recap

February 14th, 2012 Written By Carol Pawley

The month of January for 2012 has seen a lot of activity, coinciding with the real estate saying “tis the season.” With multiple successful sales in every market, including the most expensive closed sale in the last 13 months, 181 Leucadendra Drive, it’s apparent that there’s something out there for everyone. With 32 closed sales in the single family home market and 27 in the condo market, January saw an average of 1.9 sales a day. With price ranges from the millions to the low 500s the market proves that there is an opportunity out there for every type of buyer.

To see what sold in January 2012 in the single family home market, click here.

To see what sold in January 2012 in the condo and town home market, click here.

 

 If you would like more information on available properties, please contact me at (305) 992 6188 or email me at carolapawley@gmail.com

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