Home Buying in Miami Beach>Question Details

Colin Murray, Home Buyer in Stamford, CT

Does anyone have a view on the Grandview (5900 Collins) Building in Miami Beach. There are a few units for

Asked by Colin Murray, Stamford, CT Sun Apr 27, 2008

sale there and the prices seem low for the location. Is there a reason for this beside the soft market?

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4
It's a fine building in a fine location. Prices are not what they were 23 years ago! The prices are what a R/W/A buyer is willing to pay and the closed sales reflect that.
0 votes Thank Flag Link Sun May 11, 2008
Hi Colin,
We actually just sold 3 bedroom in this building for $650,000...what a views !!!
This building is across from the ocean , but two of the bedrooms have forever ocean
views btw Bath Club and Mei.
The third bedroom then has this amazing view of the golf course and a bay.
Overall, great building, great service, perfect location.
Sladja Stantic P.A.
0 votes Thank Flag Link Wed May 7, 2008
What about 6767 Collins?........................................
0 votes Thank Flag Link Sun Apr 27, 2008
Deborah Madey, Real Estate Pro in Brick, NJ
MVP'08
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Colin,

As far as I can see everything seems normal, good actually. The building has about 122 units and is a newer building in the area. There are only about 10% of the units up for sale, which is average in a normal market. So far, this year, there have been 3 closed sales, but considering that there are not many units up for sale this is pretty good. The prices for Grandview are right on par with the area... a 2bed / 2bath condo will run you about $400,000 - $450,000.

Having said that, everything actually seems pretty good.
0 votes Thank Flag Link Sun Apr 27, 2008
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