Financial Information

Miami's real estate is hotter than ever before!



WELCOME TO THE FENDI CHATEAU RESIDENCES!

I invite you to enjoy this video featuring residence #604 at the Fendi Chateau condo. This unit listed at $6.5M for 3,200sqft and it is completely finished, designed, furnished and decorated with the greatest refinement and the best finishes of Fendi’s style. It perfectly combines fashion, style, and functionality.

CONDO SHARK - DEAL TRACKER

Do you know our Condo Shark™ tool? it's a measurement tool we created to find deals in Miami. Have a look at this page where you can track properties that have drastically reduced their price over the past few months. This page is the best tool to find motivated sellers in this down market.

Let's take an example... Imagine that you are looking to buy a condo in South of Fifth, but you have spent hours and hours trying to find the correct unit where to put an offer. With Condo Shark, you will see that there is unit #604 at Icon South Beach condo that has decreased its price on over -11% since the listing date. You can see that the owner is motivated to sell and you can try to bargain the current price of $864,000.

This page offers MUST-KNOW information if you were planning to put an offer.

Go check it out!

MIAMI 'S REAL ESTATE IS HOTTER THAN EVER BEFORE

Have you heard from the Tax Cut and Jobs acted signed by Trump at the end of 2017? If you are in New York or Connecticut, I'm almost sure you have. A large line of wealthy buyers coming from the North are now investing in South Florida, especially in Miami real estate.

We are glad to be the refuge for high tax areas such as New York and California, but what is this Tax Cut that has created this migration to Florida? Basically, after the approval of the “TCJA”, the law is capping a deduction for state and local taxes of only $10,000. This deduction is almost nothing for high-income earners that have property taxes of over $100,000. They prefer to invest in a luxury condo in South of Fifth, becoming a Florida resident than paying taxes with that same amount of money.

This is not the only change that has happened after the tax reform, but it is the most visible. However, this new law also caps interest rate deduction to mortgages under $750,000 which really affects owner with property values that are far above.

Relocating in Miami seems to be the best option for avoiding this "Government trap" and that is why the city has been definitely the #1 winner from this tax cut as it has been attracting more North Easters than ever before!

7 ALTERNATIVES TO AIRBNB

If you want to find your ideal vacation rental, and if Airbnb doesn't satisfy your needs, the list below will interest you!

• Boutique Homes: If for you it is as important the interior as the outer design of the place you are going to stay, you should have a look at this website. You can stay in the most stunning apartment all around the world.

• Homestay: Some of us want to not only travel but get involved with locals and their culture. This website will allow you to have both. It only allows listing from shared units, where you will get the entire local experience!

• Innclusive: If you have ever been denied on a stay on Airbnb, you will love this platform. With instant booking in almost all of their listings, this website is designed to attach discrimination when booking a place.

• Kid and Coe: We all know that traveling with kids is a pure hassle. Most of the hotels/apartments listed do not have the proper amenities for kids. This rental site is the best solution you will find. Depending on the age of your kid (s), you could find plenty of options where to have a comfy stay with them.

• Sabbatical Homes: Short and medium term and rentals in 57 different countries. Rental terms are discussed with the owner directly, which has the chance to choose a perfect match for him.

• The Plum Guide: There is staff that will go to the unit you rented prior to your arrival date, to check on every single detail, starting from the Wi-Fi, until the veracity of the pictures. The Plum Guide is expanding its market, however, nowadays you can only find homes in six cities, within this L.A. and New York.

• Vacasa: This company is the owner of more than 11 thousand homes worldwide. It offers fair prices for vacation rentals and you will have employees that will clean and maintain the unit you will stay in.

MARCH'S EVENT SUGGESTIONS

We could definitely say that March is the “music month”… This month is the best moment to go out and enjoy the most incredible music festivals and carnivals in Miami!

• MARCH 2nd– 10th: Let’s start this month with a lot of music and dancing! I invite you to join me at the Carnival of Miami, we will have a blast with a bunch of art, fashion, food and obviously music! One million attendees each year gather together to have a “Latino” experience. However, it is not just about having fun… the carnival is hosted by the volunteers of Kiwanis Club of Little Havana, with the only purpose to benefit their foundation that supports the youth development.

• MARCH 10th: Calle Ocho festival will be the farewell of the Miami Festival. This is definitely the marquee event of the festival, as it gets more than 20 blocks in Little Havana filled with concerts, food stands, dancing everywhere and much more! Famous Latino singers are going to do a performance, so if you are into Pitbull, Niki Jam or Maluma’s music, this is the perfect event for you!

• MARCH 18th – 31st: The Miami Open is a major tennis tournament held at the Hard Rock Stadium. World-class players gather for two weeks and create an incredible show that you don’t want to miss.

• MARCH 29th -31st: The annual Ultra Music Festival is one of the most renowned music festivals in Miami. This outdoor event has moved from Downtown to the Historic Virginia Key Beach Park & Miami Marine Stadium. Famous DJ’s of all around the World presents a show that no one who likes electronic music wants to pass up.

MASKA MIAMI INDIAN RESTAURANT

Michelin awarded, chef Hemant Mathur, just launched to the public his Indian restaurant, Maska Miami. Located in Midtown, this 7,000 sqft restaurant offers also a full-service bar.

After opening 2 Indian restaurants in New York, Devi and Tulsi, Marthur decided to try warmer areas. With a contemporary-casual menu, Maska offers three categories of food: Small plates, Large plate, and Maska Marke (from the tandoor and clay oven).

What can you find in this stylish restaurant? An open kitchen and tandoor, a lounge area and an open bar.

I have to say, this is definitely one of the best Indian restaurants I have ever been to. Unparalleled cuisine and drinks. It is even hard to decide which plate is my favorite, but if I have to suggest only one, I would definitely go for the crab dumpling.

I can't wait for you to try it!

DEAL OF THE MONTH: MOSAIC CONDO #1405

• 3801 Collins Ave

• Listed at $1,999,000

• Ocean front

• 1,525 sqft

• 3 beds / 3 baths

• $1,310 /sqft

• High floor

Get to know more here!

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Condoideas Realty Group-Newsletter June 2019

June´s breezy and warm weather is here and it comes with big news for our Condoideas family! There is no better season to enjoy going to the beach and getting a little tan than in the summer and even more in Miami! Don't forget to use sun protection and drink a lot of water! If you want to freshen up come visit us in our office, we will welcome you with a cold beverage and lots of exciting news on the real estate market! This month we decided to tell you one big surprise that we have been preparing for months! Scroll down and discover more about our new website! Also learn how the prime condos in the Brickell area have been doing in terms of sales compared to 2018. Check our TOP-3 recommended activities for Father's Day and our personal restaurant suggestion of this month! Finally, as every month, we have a deal at the Yacht Club that you can´t miss out on especially if you are planning to buy a unit in Miami!

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Condoideas Realty Group-Newsletter February 2019

While the rest of the country is freezing out, Miami is having an outstanding weather right now. There is no better time to enjoy the outdoors activities and events for the month of February. This month, I will show you some super interesting facts of Miami that will prove to you we are not only a tourist destination. I will also show you some stats of the promising neighborhood of Downtown Miami. It seems sales are through the roof! As always, I'll give you a restaurant and events suggestion that you can't miss! Are you planning to buy in Miami? Scroll down to see the best deal now at the Yacht Club at Portofino. Hope you enjoy this newsletter and I wish you all a Happy Valentine's Day!

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May in Miami should definitely be on your bucket list! We are getting closer and closer to summer and the temperature is rising up every day so it's a now or next year kind of situation. Beautiful weather, breezy beach, vibrant nightlife, and incredible events to enjoy with your family or friends. In this month's newsletter, we analyze the first quarter's figures for 2019 compared to last year. Apparently, it hasn't been the best start of the year for condo sales. Foreign buyers have disappeared. We will explain to you all about it in our article

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Condoideas Realty Group-Newsletter April 2019.

If you aren't already down here, it's time to plan a springtime trip to Miami! The flowering season is here and Miami is blossoming like never before! A month full of activities, events, but most importantly real estate news! This month we invite you to have a look at the worldwide luxury residential market performance in 2018. Let's dig together on how Miami luxury real estate is doing compared to the rest of the world. Another topic which a lot of people always ask me is whether renting is cheaper than owning. Check out our answer hereafter. Like every month, I will give you my personal events/activities recommendations followed by the restaurant of the month! You should definitely give it a try... So scroll down and discover it! And finally, our deal of the month is certainly something you shouldn't miss!