Home Buying in Miami Beach>Question Details

Michele, Home Buyer in New York, NY

Looking for a condo in our around Miami.

Asked by Michele, New York, NY Sun Mar 1, 2009

We want to purchase a condo with the following requirements: 1 br , 1 ba , pool, balcony, 500sf , walking distance from the beach, no 1st Floor. We can give $25,000 down payment but don't want to pay more than $75,000. Realistic and if so, where?

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Hi Michele,
I have to agree with some of what both of the realtors below have said, and I know them both! To be within walking distance to the beach you are still too low. The older buildings close enought to the beach will be more of the walk up type with no pool or amenties and no balcony. To be within a mile or 2 to the beach, 75-100,000 could be possible, I have just looked up the ctiteria.
In this market, flexibilbity is key. There are so many great deals, but it means that the units that were 300k in the boom are now 150k, etc. So what you want is something that was once about 250k.
If you are willing to compromise on some things you could get a nice deal.

I suggest as a start is to search one of the web sites and set up an automatice search where you will be e-mailed property as soon as they come on the market. My web-site below is very easy to use and you can search individual buildings along the beach.

If you need further assistance please feel free to contact me directly.

Best of luck,
Beth Jenkins
South Florida Brokers
Web Reference: http://www.arealtyteam.com
0 votes Thank Flag Link Sun Mar 1, 2009

Your timing is perfect!
There are many studios available in the Miami area that somewhat fit your criteria. The catch is that if your really want to be walking distance to the beach, it may just take a bit money. If you are sincere, ready, willing and ABLE to qualify for the mortgage and are pre-approved- I will be able to locate a propertgy for you in the $low to mid 100's. We have many REO's and potetial Short-Sales that fit your requirements.

Start your search here http://www.waterwayrealty.sef.mlxchange.com and send me a private e-mail if you want a more specific list of apartments.

Mott Marvin Kornicki, Broker/Associate
Aventura // Miami Beach // Sunny Isles Beach
Real Estate In Miami • Buyers / Sellers / Tenants / Landlords
0 votes Thank Flag Link Sun Mar 1, 2009
Dear Catherine,

We want 500sf of living space, with a balcony...
0 votes Thank Flag Link Sun Mar 1, 2009
that price range is not realtistic close to the beach, unless you are in a small, older building, in which case the 500 sq.ft. balcony is unrealistic...unless you meant the living area for that kind of sq.ft.?

Look at my website: http://www.hammerandhammerrealtygroup.com and you can search by sq.ft., area, price, etc. then, if you want more specifics, call me: 954-5360648 or email me: cjkowens@aol.com, and I'll be happy to try to help you. There are some bank owned properties on that website. start w those...
0 votes Thank Flag Link Sun Mar 1, 2009
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