Real Estate NewsLetters Archive

Brickell and Downtown statistics / 300 Collins /Kush / Preconstructions / New wave 7D

Brickell and Downtown statistics

The sales volume has declined by an average of -26% in Brickell ' despite some exceptions. On the other hand, we notice in Brickell a 11% overall rise in price. Jade Brickell condo prices have gone up by 14% and the Santa Maria has had the most impressive price increase: units went from being sold at $659/sqft in 2013 to $850/sqft now.
In Downtown, the volume of sales decline is less stiff, -9% compared to 2014. Some buildings remain very healthy: 900 Biscayne, Marina Blue and Paramount Bay. The sales at 900 Biscayne have actually increased by 14%. Then, the Marina Blue condo is still attracting many buyers as it sold 16% more condos over the past year. Finally, the most impressive growth has been noticed at the Paramount Bay condo where sales went from 26 units in 2013 to 40 in 2014.
The obvious reasons of this cool down in sales are:

  • the continuous rise in price that makes potential investors more cautious to buy;
  • the competition from preconstructions (see below). These 60 new buildings are giving more options for buyers and divert them from resales condos.
  • Do not fear a top off of the real estate market though! 80% of buyers come from all over the world and are still paying cash, putting down almost 50% deposit. We still have beautiful days ahead!

    300 Collins

    The other day I went to the opening party of 300 Collins at the famous Milo's restaurant. The cream of the crop of Miami realtors came along, which is a proof of how promising the project is. Or maybe it's just because everybody enjoys good food for free !
    300 Collins will embody true luxury, high design concept and top-notch amenities in South of Fifth. On top of that, it will be very much future and technology oriented. Bottom line you are paying for the location'and it's worth it.
    What I like the most about it is its intimate low-rise profile, only 19 residences and knowing that it actually delivers up to 4 bedroom fully-finished residences with incredible materials. It is all natural, magnificently crafted, blending a mix of eternal classics and ultramodern style. Have a look at the list of the dreamy materials used: fine stone, black travertine, Kenya black-honed marble, white oak, black fluted glass, etched-glass...
    Who would not want to live there? Prices go from $1.2M to $3.95M, think about it.

    Preconstruction recap

    Wondering what is going on with the condo cranes you see all over Miami? Here is a recap of the hot preconstructions and their status. South Beach:
  • 300 Collins, 300 Collins Avenue $1.2M - $3.95M
  • 1 Hotel & Homes, 2399 Collins Avenue $1.1M - $4M
  • Downtown:
  • 1000 Museum, 1000 Biscayne Boulevard $4M - $18M
  • Aria on the Bay, 1770 North Bay Shore Drive $400,000 - $570,000
  • Hyde Midtown, 3401 NE 1st Avenue $270,000 - $906,000
  • Paraiso Bayviews, 600 NE 31st Street $456,000 - $607,900
  • Paramount Miami, 1010 NE 2nd Avenue $690,000 - $1.4M
  • Brickell:
  • Brickell Heights Second Tower, 850 South Miami Avenue $310,000 - $1.1M
  • Brickell City Center, 700 South Miami Avenue $500,000 - $2.1M
  • , 1100 SE 1st Avenue $200,000 - $800,000
  • Sunny Isles:
  • Armani Residences, 18975 Collins Avenue $1.85M - $6M
  • Estates at Acqualina, 17901 Collins Avenue $3.9M - $40M

  • Kush

    Since this newsletter we decided to explore the other side of the bridge, let's go crazy and experiment fancy food. Halfway between Wynwood and Midtown lies a place where you can eat' alligator! And the best burgers in town in 2014. Beef is delivered daily from a Florida Cowart ranch.
    Kush is a pub with underground accents decorated with engaging and visionary local works of arts, providing Florida sourced food and quality craft beers. On top of all, it is eco-friendly I am not a beer geek myself but their selection is definitely convincing and they make a point at converting the customer into becoming one! Indeed, they hold monthly home brew sharing and are the starting point of the Miami Brew Bus.
    My recommendation would be the fresh local alligator from Cypress Creek Farms in Starke, Florida, fried and seasoned with Old Bay and served with Creamy Garlic and Spicy Mayo. Also try out the delicious Keylime pie.
    Remember this name as it might become the next busy venue for stylish Miamians.

    Deal of the month: New Wave #7D

  • Modern unit
  • 1 Bed / 2 Bath
  • Bay views
  • $450,000
  • Very large terrace
  • Fitness center and pool