Home > Blogs > TheCondoShopMiami.com
129,411 views

TheCondoShopMiami.com

iMiamiLife

By The Condo Shop - Miami, FL | Agent in Miami, FL
  • Considering Buying Real Estate in Miami? Read These Recommended Tips

    Posted Under: Home Buying in Miami Beach, Home Selling in Miami Beach, Investment Properties in Miami Beach  |  August 18, 2014 5:09 AM  |  426 views  |  No comments
    www.thecondoshopmiami.com

    by Andre Shambley

    The Miami area has always provided valuable and in-demand real estate among international buyers for a number of reasons, not the least of which its prime location nestled along the coastline and still reminiscent of a classic Florida beach town. Foreign Investors interest in Florida real estate has never been greater. According to the National Association of Realtors, Florida is the number one State in the Country with the largest number of foreign investors purchasing property. For the past four consecutive years approximately 25% of all sales in Florida were to foreign buyers. Another important fact is that the South Florida real estate market is extremely favorable to foreign buyers.


    Many buyers, however, may have certain questions regarding a number of areas, from how purchasing real estate in South Florida works to numerous investment offerings. Armed with the right information and team you can ease the complexity. Below is a brief summary of most of the common options a foreign buyer should consider when purchasing real estate in Miami, FL



    Obtaining a Mortgage

    It is not as difficult as one might expect for a foreign buyer to obtain a mortgage in Miami. Most of the banks now have programs in place intended for foreign buyers. International purchasers are able to finance 65-75% of their loans, up to $1 million and 60% of their loans that fall in the range of between $1 and $2 million.


    Condos

    South Florida condominiums offer wonderful, comfortable homes for families and individuals. The basic concept of a condo is that the buyer owns the apartment and shares the common areas with the other building residents. Over the past number of years, tons of new condos have been constructed in South Florida, along with older buildings been renovated into condos, with all of the most modern conveniences. For the first 10 to 25 years, often buyers can find themselves receiving rather sizable savings, in the form of tax relief.


    Finding Property

    The best way to find property is to contact a real estate agent. Realtors have access to all of the properties available in the South Florida real estate marketplace and can schedule visits to all available properties you’d be interested in viewing. In our property tours we provide history for each apartment, a detailed comparable market analysis.


    Closing Costs

    At the closing, both buyers and sellers have to pay closing costs, which can range from between 1-8% of the price of the purchase. Federal, state, city, registration, and legal fees are required, along with the down payment.


    South Florida Lifestyle & Real Estate Today

    Real estate in South Florida continues to be an enticing and safe option for international buyers. Long term growth and home value appreciation are favored by the enormous demand and limited supply. South Florida home prices have climbed steadily since 2011. In Ft. Lauderdale and areas surrounding Dade County the housing market is on the upswing, and it has landed on the Best 25 Housing Markets forecast for 2012. Considering real estate purchase in Miami, FL? Check out our South Florida Real Estate Buyer's Guide


    Browse through new or updated Miami waterfront homes for sale and pre construction developments



    About The Condo Shop: We are a Miami real estate resource covering luxury condos and waterfront estate homes for sale in Miami, Florida (USA).

    The top advantage of working with the The Condo Shop is that we can offer many services that may not be readily available to international buyers who want to invest in Miami real estate. These can include the current market value of property, Miami area real estate sale statistics and market trends, and tools only available from a professional real estate agent.

    We also offer property management services, relocation services and assistance for any real estate market in the USA.

    Through our partnerships with international brokerages we connect our market with buyers abroad. Have questions? Contact me today!
  • Diamonds in South Florida....

    Posted Under: Quality of Life in Miami Beach, Home Buying in Miami Beach, Home Selling in Miami Beach  |  December 17, 2012 5:49 PM  |  3,118 views  |  No comments


    South Florida is the land of rich culture, heritage, art and imagination. The most beautiful and ultra luxurious South Florida condos become desired investments for buyers all over the world. The exotic landscapes, beautiful beaches, high-class luxury, existing nightlife and business hubs makes South Florida real estate the ultimate choice for the luxury loving creatures and affluent investors. South Florida homes and condos all have the lavish components such as floor-to-ceiling windows, stunning views, private health clubs and spas, sweeping terraces with summer kitchens, business centers, tropical pools, beach access and many more amenities to take the breath away of the most sophisticated buyer.  



    If there is any reason for luxury real estate buyers to keep considering South Florida as being one on their top list in today's property market, it would definitely be the first-class amenities that these real estate options are able to provide consistently. Whether you're looking to indulge in the phenomenal culturally diverse range of culinary delights that the city offers, world-class shopping or the outstanding entertainment options that cover a broad range of categories, you are sure to be able to find it in South Florida.

    If you would like to find out more information about the city, or interested in learning about the different types of South Florida properties that are currently available to you on today's real estate market, contact a professional real estate agent for more details.

    When it comes to choosing a professional to assist you with your real estate needs...Experience is Priceless!


  • Discount Hot Brazilians Buy Miami Condos at Bargain Prices

    Posted Under: Market Conditions in Miami Beach, Home Buying in Miami Beach, Home Selling in Miami Beach  |  June 23, 2011 5:35 AM  |  2,310 views  |  1 comment
    www.OnePlaceOpenHouse.com

    Miami real estate agents are learning Portunol, a mix of Portuguese and Spanish that Brazilians can understand.

    In Rios exclusive Leblon enclave, near the city’s Ipanema district of bossa nova me, apartments sell for an average$1,058 a square foot ($11,388 a square meter), according to Sindicato da Habitacao do Rio de Janeiro, or Secovi, the city’s real estate association. In Miami’s South Beach, the average condominium price was $354 a square foot during this year’s first quarter.

    Are these price increases sustainable? Well, recent reports do not show any deceleration in home price increases yet.

    Developers built from the ground up and converted apartments to create 49,000 new condominiums east of Interstate 95 in Dade, Broward and Palm Beach counties from 2003 to 2008, riding a speculative bubble that popped when credit dried up.

    Pricier Than U.S.

    Azevedo, whose company develops affordable housing in Brazil, bought his Florida condos with 50 percent cash down payments and financed the balance with 4.75 percent interest rate mortgages. Similar condos are selling today for 10 percent to 15 percent more than he paid in December, Azevedo said. He’s not worried about losing money.

    Frederico Azevedo went to Florida looking for a second home. He left with three, paying $300,000and $500,000 for condos in two Miami towers, and $1 million for a unit at the Trump International resort in nearby Sunny Isles.

    Everybody who makes a little money buys in Florida, Paulo Bacchi, co owner of Artecto, said in a telephone interview from Miami. Some came to buy a vacation home. Some are buying 10 units for an investment. They’re buying because the only way prices can go is up. They’re betting on Florida.

    If you buy similar units in Brazil, you’d pay double the price and double the interest rates, he said. So that’s why it’s such a good deal.

      3131 NE 188th St PH2-1208 Aventura FL Asking $539,000

    Wow...reduced by over $90,000.  Best ocean & Intracoastal views in the building.  Beautiful two-story 3 bed, 3 bath penthouse. The loft-like feel of the floor plan creates a sense of spaciousness.  The sleek living room flows into an open dining room and ultra-modern kitchen, punctuated only by dramatic, eye-catching floor to ceiling windows.  The city lights add to the heat of the night on the expansive terrace.  Staggering city views and clean lines push minimalism to the max in this ravishing residence. 

    Find Miami-Dade & Broward County Real Estate Below Market Value - FixerUppers, Foreclosures, Estate Sales, FSBOs. http://eepurl.com/eoleI

  • Exclusive Miami Beach Luxury Homes to Die For!

    www.OnePlaceOpenHouse.com 

    By Christina M Marie

    Miami Beach has some of the most exclusive communities in South Florida. This exclusivity combined with the proximity of the lifestyle South Beach offers makes private island living in Star Island and Indian Creek Island a desirable option for the rich and famous.

    Located in the pristine waters of Biscayne Bay, between Miami Beach and downtown Miami, is exclusive Star Island. An artificial island created by Carl Fisher and completed by the Army Corps of Engineers in 1922, Star Island real estate has become some of the most highly coveted land in the country. The luxury homes of Star Island are located within the greater city of Miami Beach, and are on one of several islands sitting in the Biscayne Bay Aquatic Preserve. Star Island can be found east of the Palm and Hibiscus Islands, and just south of the Venetian Islands.

    Homes on Star Island are extremely exclusive, with there being less than 35 on the entire island. The vast majority of these estates are waterfront properties, with sweeping views of the bay. Star Island estates largely include dockage for the many boats and yachts that can be seen sailing throughout Biscayne Bay. Adding to Star Island's exclusivity is the privacy that it affords its residents. Star Island homes are only accessible by using one bridge, Bridge Road, that connects it to the mainland through MacArthur Causeway, with a twenty-four hour guardhouse blocking access to the island. The oval island has only one main road connecting the mansions which gives no public access to the waterfront, making owning property here the only way of truly appreciating all that it has to offer.

    The protection and seclusion of the island, coupled with the expansive property sizes and amazing bay views have consistently drawn the wealthiest celebrities and entrepreneurs to the shores of aptly named Star Island. Those owning mansions on Star Island have included entertainers like Will Smith, Madonna, Gloria Estefan, Lenny Kravitz, Sylvester Stallone, and Sean "P. Diddy" Combs; as well as athletes like Shaquille O'Neal, and Alex Rodriguez.

    With the multi-million dollar property values, some even reaching into the tens of millions of dollars, it is clear that Star Island is an enclave for the wealthy looking to have easy access to the excitement and splendor of South Florida, all from the privacy of their own gated island.

    Indian Creek is an affluent village residing on a private island in Biscayne Bay. Homes in Indian Creek are located in one of the most exclusive neighborhoods in the country, with only 32 expansive estates on only 38 plots of land. According to the census of 2000, Indian Creek ranks in the eighth highest income place in the nation. Indian Creek luxury homes typically range in the tens of millions of dollars. Adding to the grandeur of the island is the fact that every home in Indian Creek is waterfront, with beautiful views of sparkling Biscayne Bay.

    Indian Creek is designed with only one perimeter road of the island. The island's interior is made up of Indian Creek Country Club, a private world class golf club. The 18-hole golf course is generally considered to be the finest in South Florida, with several holes providing waterfront views of Biscayne Bay.

    Indian Creek is one of the nation's smallest incorporated municipalities, and is also the nation's most secure and protected. The island employs its own police force with approximately one officer for every three residents. Further protection comes in the form of a 24 hour a day, seven days a week armed boat patrol of the island. This is one of the only waterborne police forces in all of Biscayne Bay.

    The opulence of Indian Creek homes combined with the exclusivity of the Indian Creek Country Club, incomparable views, and superior security make Indian Creek an ideal community in which to live. The unique combination of characteristics that the island has to offer has often been a draw for the rich and famous. Notable residents have included Spanish crooners Julio and Enrique Iglesias, supermodel Adriana Lima, head of Perry Ellis George Feldenkreis, former head coach of the Miami Dolphins Don Shula, billionaire developer Donny Soffer, co-founder of Calvin Klein Barry Schwartz, and billionaire real estate tycoon Peter Breton.



    Get more insight about one of South Florida's most sizzling real estate market places, Miami Beach Real Estate. New listings and condo buying resources are available daily.


             

    Majestic Star Island Home for sale: 40 Star Island Dr, Miami Beach, FL

    - Details upon request: 786.704.8482, Andre Shambley
  • Rapper Lil Wayne Lists Miami Mansion for $12.9M

    Posted Under: Home Buying in Miami Beach, Home Selling in Miami Beach, Celebrity Homes in Miami Beach  |  April 7, 2011 1:42 PM  |  2,117 views  |  1 comment
    www.OnePlaceOpenHouse.com

    By Sheree R. Curry

    Rapper Lil Wayne wants to, or maybe just needs to, unload his Miami mansion on La Gorce Island, Fla., that he purchased early last year for $14 million. He is asking $12.9 million for a possible quick sale given he has an Internal Revenue Service tax lien hanging over his head.

    The IRS says the rapper, whose real name is Dwayne Michael Carter, Jr., owes the government a total of $5.6 million, which breaks down to $3,351,078 owed for 2008 and $2,258,956 for 2009. Last year, he had liens against him for more than $1 million for the tax years 2004, 2005 and 2007.

    Before purchasing his 15,101-square-foot home he had rented it for several months from a real estate developer, area real estate agent Andre Shambley of the ERA Herman Group told this AOL Real Estate contributor. While renting, Lil Wayne's four-bedroom South Beach condo at the
    Murano Grande was on the market for $2.8 million to help pay off last year's lien. The 9-bedroom, 9 full-bath, glass, steel and marble modern residence has a two-story master suite accessible by a glass elevator and two half baths. The living room truly has a floor-to-ceiling wall of glass, which stretches the full length and height of the open space. READ MORE

    Gallery: See Photos of Lil Wayne's Miami $12.9 M Mansion for Sale


    When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless!  Miami Best Real Estate Team, 786-704-8482 www.OnePlaceOpenHouse.com

  • Selling a home in Miami’s Crazy Real Estate Market

    Posted Under: Market Conditions in Miami Beach, Home Buying in Miami Beach, Home Selling in Miami Beach  |  December 10, 2010 6:20 AM  |  1,766 views  |  3 comments
    www.OnePlaceOpenHouse.com

    Authored by Janie Coffey, Florida Licensed Real Estate Broker

    The ups and downs of sellingSelling a home in Miami’s crazy real estate market can be a challenge, but you can be successful if you pay attention to the three simple, but essential, points:

    1. Put on your Home’s Best Face – The inventory of homes for sale are at record highs in Miami, meaning you need to  make your home irresistible. It should show in tip top condition (or be priced FAR below market) in order to encourage buyers to make their best offer.  Landscaping should be well maintained, paint should fresh (free of finger prints, etc.) and the home should stay picked up and smelling pretty at all times.  The competition for buyers is fierce and you need to be prepared to woo them like you would a new suitor.

    We have an in-house fully licensed and insured general contracting firm, so if you need help taking care of any of those little items, let us know.  We also have contacts with cleaning and yard services, remember, we are a team who works with you to sell your house at top dollar in the shortest time period.

    2. Market it like Crazy – This is what we do very very well.  Most of our efforts are geared toward marketing your properties to other real estate professionals and to internet buyers.  You will have a single property website set up just for your home, with maps, details, photos and even Google street views where available.  We also provide you a “sellers login” so you can check up on what is going on with the marketing and showing of your home 24/7.  Ask us to show you our internet marketing, you will not be disappointed. Read more about our amazing listing marketing.

    3. Price it Right – Without a price which is in line with today’s market, you can have the best prepared home, marketed like the Trump Palace which will not sell and may not even show.  The market sets the price, not the agent and not the seller.  Many sellers believe their home is unique, that South American and European buyers are going to fly in and make a full price offer, or that agents who give them an estimate of $x, just want a quick sale.  We will show you the sales in the past six months of similar sized homes and will discuss where the market is for your home.  Buyers are very sophisticated and know what their options are.  To capture them, you have to be priced appropriately to be in the game.

    Selling a home in Miami is a team effort between seller and listing agent.  We work very hard to help you prepare and to market your listing.  Your role is to work with us to prepare and maintain Miami Best Real Estate the home during the time it is on the market as well as make sure to price it to be marketable.  When all three points are in place, we will be in the BEST position to sell your home for the best price in the shortest term.


    Wonder what your home might sell for?  Give us a call and let’s discuss it, 786-704-8482.  We love working with sellers!


    When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless!  Miami Best Real Estate Team, 786-704-8482 www.OnePlaceOpenHouse.com

     

  • Is Miami Condo Life Really For You?

    Posted Under: Home Buying in Miami Beach, Home Selling in Miami Beach, In My Neighborhood in Miami Beach  |  October 13, 2010 6:35 AM  |  1,740 views  |  1 comment
    www.OnePlaceOpenHouse.com

    Featured 2 bedroom / 2 bath Condo Offered for Sale: 8041 Harding Ave Miami Beach FL 33141 (Price Upon Request)

    The clock strikes 5 pm. You pack-up your belongings and call it a day.  You head home thinking of the short stroll you’ll take up your favorite green covered path from the parkway, the slight breeze greeting you as you walk alongside the swimming pool into the brightly lit lobby. You walk to your door and with the turn of a key you enter into your abode without the slightest thought of waking up early the next morning to mow the grass, clean the pool and ensure the double locks on the main door are working. It’s just going to be a relaxing night planning for an early morning workout in the buildings spa and gym. The best of condo living makes you smile as you get a glimpse of your condo right ahead.
     
    Offered for Sale: 8041 Harding Ave Miami Beach FL 33141 (Price upon request)Yes, condo living is way more convenient, with no maintenance responsibilities and a lot of goodies to go with it. It gives access to amenities that not many can afford. High-end condos in prime property areas may feature a theatre, restaurants, indoor jogging trails, gorgeous sprawling landscapes and access to spal facilities. Most are near markets, malls, schools as well as medical centers and are well planned for life-long community living.
     
    But condo living is not for everyone. If you’re scouting for a condo or trying to decide between a condo and a single-family house you have to do a lifestyle check and know the pros and cons of condo living to help you make the right choice.
     
    Condominiums are often located near a business district that’s why it’s an ideal choice for young professionals or even executives who need closer proximity to work. Cities such as Miami and Fort Lauderdale, FL offer several types of condos. For instance, there are moderately-priced townhouse and single-family villa-style condos conveniently situated near parks and walking trails. These have enclosed private garages as well as fenced-in courtyards and require no lawn care, less maintenance and have a secured environment. These types of condos are popular choices for hospital residents and for middle-aged or older couples who want a modern home that has everything they need just 5 minutes away. Condo units, in general, are smaller but are usually pre-finished so it’s easier and faster to move into. A property management company or the homeowners association takes care of managing and maintaining the property.
     
    All good things come with a price, some restrictions and a certain tolerance level for other people. You have to pay monthly association dues on top of your monthly amortizations for maintenance. There are rules for noise, unit renovations and pet ownership to abide with. Some condos may have more stringent restrictions than others. Facilities and common areas are shared with your neighbors and will entail personal adjustments on your part.
     
    So if you are single, a couple, a small family or even a university student and are willing to make preference adjustments, pay extra fees and follow rules and restrictions then you can make condo living work for you. On the other hand, if you have a bigger family or not too keen on paying extra for maintenance work that you can do yourself or perhaps you simply can’t imagine yourself sharing your walls and property with someone else then a single–family home may be a better choice.
     
    The best property investment will always be the one that fits your lifestyle.  Knowing exactly what you want in a home will bring you closer to the right choice. Know more about the property you are eyeing. Ask the neighbors. Check the offers, rules and contract. Choose wisely and you’ll always have a haven to look forward to at the end of the day.


    When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless!  Miami Best Real Estate Team, 786-704-8482 www.OnePlaceOpenHouse.com

     

     

    Looking for a Mortgage with a trusted and reputable company?  You have come to the right place!  "Close your loan and never leave home"  www.MyELoanSource.com

     

    Contact an Access e*Mortgage Loan Professional today 786-379-5626

     



« Read older posts
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer