September 20, 2013

Residential Land Sales in Pinecrest

The Village of Pinecrest has been active in land sales this year with nine lots between .65 acres to 1.5 acres selling for an average of $18 a square foot.  The most expensive land,  a 6,438 square foot lot  lot on 78th Ave and 111th St., sold for $1,100,000 or $23 per square foot.  The […]
September 19, 2013

Valuing Land – Buy a Tear Down or Vacant Lot?

A buyer recently inquired about the value difference in buying undeveloped residential land vs a tear down.  When you purchase land, the major considerations are location, size and shape of the property, size of the home you wish to build and limitations due to protected trees.  There are also impact fees associated with new construction. […]
September 18, 2013

Two acres and a Wine Cellar In Palmetto Bay

Take the three story elevator down to your wine cellar, select a bottle of Chateau Haut Brion Vintage 1990, bring it upstairs, open it and let it breath while you dial me up for an invite over to share it on your terrace overlooking the back acreage. La  Maison (these estates have names) is a […]
September 3, 2013

Pinecrest Modern Home for Sale

An eye appealing and spacious modern home just hit the market in Southeast Pinecrest. This gated 1990 residence was recently remodeled with a new addition by Hollub Homes. Consisting of 5 bedrooms, 6.5 baths and 7,225 square feet of living space, it has all impact doors and windows and a two car garage and pool […]
August 30, 2013

Flipping Houses – Seven Rules to Flip By

Interested in buying properties at a discount, fixing them up and re-selling them quickly for a profit?  Follow these seven rules and you will succeed. 1.  Don’t overpay for the property.  Know its value. 2. Don’t underestimate the cost of repairs or skimp on renovations. (Save receipts to show appraisers) 3.  Don’t buy with the […]
August 28, 2013

Key West Style in the Village of Pinecrest

Hemmingway would approve of this beautiful Key West style home under construction in North Pinecrest.  The two-story luxury home, on over an acre, will have 10,519 square feet of living space with 6 bedrooms, 8.5 baths, a media room, a gourmet kitchen, a staff or in-laws quarters, a full size gym,  an elevator, a pool […]
August 27, 2013

Coconut Grove Investment Ops -Tear Downs and Renovations

Coconut Grove is bustling with investors, builders and home buyers snatching up original Grove homes on small lots that are prime for renovation or, more often than not, tear down and new construction. Built in the early to mid 1900’s, these houses are approximately 940 to 2,330 square feet, on tree lined lots from 5,000 […]
August 26, 2013

Rock Lake in Pinecrest – Two Homes for Sale

Very little real estate in the Village of Pinecrest is waterfront with the exception of homes along canals and on small lakes that do not have ocean access.  Rock Lake, nestled between 67th and 69th Ave and 124th St and 130th Terr, is one such community where residents can canoe and paddle boat while enjoying the serenity, […]
August 20, 2013

Distressed Sales of Single Family Homes – Southeast Miami Dade Corridor – 2013

Distressed single family home sales as a percentage of total annual sales are down since the first quarter in homes along the Southeast Miami-Dade corridor.  Distressed sales include foreclosures and short sales. I analyzed distressed sales in six cities: Pinecrest, Palmetto Bay, Coconut Grove, Coral Gables, South Miami and Key Biscayne.  In the chart  to […]