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Northeast Coconut Grove : Real Estate Advice

  • All24
  • Local Info1
  • Home Buying8
  • Home Selling0
  • Market Conditions6

Activity 15
Mon May 9, 2016
Diane Christner answered:
It is doubtful anyone from trulia will see your post here. Try contacting them directly through the customer service department.
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Thu Aug 20, 2015
Yanoska Diaz answered:
I am figuring you posted the question thinking the listing agent was going to receive it, instead your question posted to the "general population" of Trulia and we have no idea what information is needed. Can you please explain how may I be of service? ... more
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Tue Aug 12, 2014
Pamela Mendoza answered:
In Miami, I love the city of Palmetto Bay. I lived there for about 5 years and I am looking to move back in the near future. I love the fact that is family oriented, close to US 1 SR, full of great supermarkets, restaurants, libraries, natural parks and great school. House sizes are ideal, big back yards, beautiful gardens, great looking house... This is my dream city and I going back to live there soon. ... more
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Sat May 3, 2014
Yanoska Diaz answered:
For information on public schools in Miami Dade County please visit:

www.dadeschools.net
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Wed Nov 27, 2013
Yanoska Diaz answered:
You asked the question from another property in the Grove located at Catalina St. Please feel free to contact me via my profile with the full address of the property located at Bonita Ave you are interested in and I will find out more information for you. Thank you. ... more
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Wed Oct 23, 2013
Irina Karan answered:
It is the listing agent's responsibility to update the status of the sale in MLS and on Trulia.com.
If you are the seller, have your agent take care of this for you.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
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Wed Oct 23, 2013
Irina Karan answered:
When working with a realtor, ask her/him to call the management office and verify the information for you. Multiple Listing System (MLS) does not warranty their information. Often, the info their is either missing or wrong...

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
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Wed Oct 23, 2013
Irina Karan answered:
If you plan to buy there, make sure that you offer a lower price to reflect the upcoming assessments.
If the assessments come up before you buy - offer the lower price and pay for the assessments separately, so that your sale is lower for tax assessment purposes.
This is all negotiable - to the extend the seller is willing to work with you, of course...

Most buildings have to go through 40 year recertification.
Once that is done - the values will go up, but before it is done - you do have a good opportunity to buy, as more sellers will not want to go through the noise of a construction site and the expense of the building improvement, and will start selling now. I see this happening all the time.
Again, once the building looks better - the values will go up.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 5 answers Share Flag
Tue Aug 13, 2013
Irina Karan answered:
Hello Enzo,

We work a lot with the foreign owners interested in purchasing condotels (or short term vacation rental units). This is generally more profitable than the regular annual rent. We see 8 to 11% returns in the beach/across the beach areas.

It could be done through the hotel rental program (they vary but generally you get 45 to 50% of net income - after subtraction of management fees and expenses of operation). Or, it could be done privately - by yourself or through your private manager - who advertises on popular American vacation rentals by owners sites like Rentini, Homeaway or VRBO.

When buying with us, we provide you with a quality property manager.
He puts people in, makes sure the unit is clean & the guests are happy.
You visit when you want to in this case (some rental programs have black out dates - when you can not visit - usually major holidays).

You got to read the details of the condo documents and rental program guidelines to see if you the terms are acceptable to you.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 6 answers Share Flag
Tue Aug 13, 2013
Irina Karan answered:
Hello Rafael,

The answer about price per square foot was already answered before I joined this conversation.
So, I'll just cover the competitive discount part of the question.

You can always try to negotiate with the developer.
Why not?
However, business practice shows that rarely developers give a noticeable discount on a new construction. The reason is that they don't want other buyers to ask for the same.

So, what you could get discount on is already made floors (vs. sold what is know as "designer ready" -meaning kitchen and baths are done, but floors everywhere else are not and walls are not even primed). Or, you could get a 2nd parking with a discount. Or, you could get a discount on a cabana.
Or, you could get those floors with a discount.

So, you could negotiate other perks or discounts, and even get a small - a few thousands - discount on a price. But the price alone is normally not so easily discounted by the developers. To be historically correct - in the buyer's market of a couple of years ago though - when we had too much of inventory on our hands - developers were a little more competitive.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 8 answers Share Flag
Thu Feb 14, 2013
Yanoska Diaz answered:
The property is listed on Trulia as Northeast Coconut Grove. If you were specifically looking for a property in the Grove this townhouse is not. If you Google the address you will see that it is located deep south in Miami Dade. As far as places to go nearby, if you are referring to Miami's nightlife, downtown Miami or the beaches it is a long drive from this property. Shopping Centers, schools, places of worship you will find within the immediate area. ... more
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Sun Oct 24, 2010
John Walin answered:
Hi
I found this old question and have a personal interest in buying an REO 2BR condo in Miami beach or coconut grove area. This posting is over a year old, since that time has prices gone down further? I am capping my buy at 100k and am at the earliest stages of searching. Would be nice to be walking distance to beach, near shopping,restaurants and bars. Wife and I are 50 yrs old so we are lookng at being able to rent out 10 months a year and spend 2 weeks at a time in FLA. HOA's in trouble are a concern to me, and deed restrictions not allowing non owner occupancy is also a factor. I like the idea of cabbing from the airport and not need a car using public trans on visits. Anyone have web links to actives? ... more
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Tue Aug 11, 2009
Maria Eugenia Neret answered:
I was just reading your question, and one other interesting option that you did not mention is the Coconut Grove Bayshore, located on South Bayshore, accross from Monty's. The units are very large, with enourmous balconies, and closets, the building offers tennis, pool, sauna, and gym. I have a listing there that you might want to see. I can be reached on my phone, 305-609-8408, or by e-mail neret.e@ewm.com. Good luck on your search. ... more
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Sun Nov 23, 2008
Maricel Cobitz answered:
I have friends that live in Yacht Harbour, Grove Towers and Grovernor House. Yacht Harbour is older and some units are a bit dark. They have a good layout inside though. Grove Towers have big balconies with wonderful views of either the city or bay and the condos are a very good size inside. Some of their condos were updated by the owners. If you view the penthouses they have a spectacular view with their wraparound balconies. They are two level condos with two main entrances on each floor and a jacuzzi on the roof. The negative part is the jacuzzi is not private you can see everyone else's jacuzzi on the rooftop. And finally, Grovernor House in newer with a beautiful lobby and condos. If you want to spend the money go for Grovernor House otherwise I would choos Grove Towers the layout inside the condo and balcony are wonderful.

Maricel Cobitz
www.coconutgroverentals.net
... more
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