CHECK OUT OUR NEW YACHT CLUB WEBSITE!
I am more than excited to inform you a new entirely dedicated Yacht Club at Portofino website has officially launched!
My team and I are always trying to find new ways to keep you informed on what is going on in the real estate market, and this time I decided to focus on my workplace! The Yacht Club is one of the main buildings in the South of Fifth area and now you will be able to see in detail what is available for rent and sale, what has sold, and most of all what is happening in the building.
I'm sure more than one of you has been questioning what is going on with the remodeling of the lobby, how short-term rentals work at the Yacht Club at Portofino, how are sales going... these are all subjects I focus on the news page!
We like to challenge ourselves to bring you genuine content, so I personally invite you to click here and discover all the incredible features the new website has to offer! Don't hesitate to tell me what you think!
SALES IN THE PRIME BRICKELL CONDOS
The prime condos in Brickell have shown an average sales slowdown of -12% compared to the same period last year.
When comparing the sales deceleration to the price/sqft, we can see it has also decreased a -7.5% which indicates that even if prices have gone down, sales haven't been growing.
This year there were 8 fewer sales than last year, totaling 60 sales from January till the end of May in our selected condos. Out of the eight condos analyzed, there were only two which showed an increase in sales. The condos that showed the best results were the Jade Brickell and the Santa Maria which had a 200% increase each. However, this could've been driven by a decrease in the price/sqft which fell -18% and -19% respectively.
The biggest sales drop were driven by Brickell on the River and Bristol Tower . The former showed a decrease of almost -70% and the latter had fallen an estimated -50%. Both of these condos recorded an increase in the price/sqft of 4% and 19% respectively.
The slowdown suffered by the Brickell neighborhood has been experienced by other areas such as South Beach and Downtown. This showcases a slow real estate market in the first quarter of 2019.
Inaugurated in February, Mandrake restaurant is an Asian dining room inspired in the renowned movie "Alice in Wonderland". For those familiar with the movie, you already imagine more or less the unique style and decoration of the place. Imagine a magical place full of colorful lights and with an exquisite underground ambiance that will make your imagination run wild.
It is definitely a must-see in Miami Beach, not only because of its distinctive decor and atmosphere but because it has one of the most diverse and crave-able Asian menus in town. You can also enjoy a selection of Asian inspired drinks in the bar beside a fantastic Rhino sculpture. This restaurant is all about creativity and vibrant atmosphere!
I strongly recommend you make reservations specifically in the mystical garden patio in the back. Certainly, it is the most vibrant and unique spot in the restaurant! I personally suggest you ask for the edamame as a quick appetizer and the Tomahawk Ribeye steak. It was absolutely delicious and I can't wait to go back soon!
BEST THINGS TO DO IN MIAMI ON FATHER'S DAY
For those who read last month's newsletter, you know that we did a full article dedicated to event suggestions to celebrate Mother's Day. This month we couldn't do less for Father's Day! Have a look at our TOP-3 proposals on what you should do on June 16th with the beloved company of your dad!
Fishing Cruise: Take your dad on a 3-hour cruise on Biscayne Bay that departs from the Deering Estate at 1:00 pm. Naturalists will be on board giving an educational tour about animals in the area. If your dad is a fishing enthusiast, this is the best plan for him!
Four Seasons Brunch: Have a wonderful steak brunch at the Four Season Miami in Brickell. From 11:30 to 3:00 pm, enjoy a large list of food options including custom-made BBQ, seafood, roasted Caja China pork, unlimited mimosas and more!
Summer Shorts Performance: Celebrate Father's Day at the Adrienne Arsht Center and enjoy the best ten-minute plays for every taste. From drama to comedy, you will have the best time with mini-shows performed by local actors.
DEAL OF THE MONTH: YACHT CLUB #2012
Just reduced to $899,000
Bay and city views
2 beds / 2 baths
Get to know more here!