10 minute read
Timeless Design Seamlessly Blending European and Mediterranean Classic Elegance
SPACIOUS HOME
5 beds | 3 baths | 4,262 sqft | 0.79 acre lot | $1,250,000 For Sale. 8400 SW 114th Street, Miami, Florida 33156. Wonderful estate style home in a stellar location. Very private street. Substantial living space with 5 bedrooms and 3 bathrooms. Home has +- 4,800 square feet on a +-35,500 square foot lot. Upstairs you’ll find the spacious master suite with a large and private balcony overlooking the property’s pool and lighted tennis court. Downstairs features an open floor plan with very large floor to ceiling windows allowing for plenty of natural light. Downstairs you’ll also find an additional 3 bedrooms as well as an in-law or maids’ quarter (can be 5th bedroom) with a separate entrance. The home features a specious eat-in Kitchen that opens up into the large family room. Large 2 1/2 car garage with finished epoxy floors. Excellent school district. Offer at $1,250,000 US Salvatore Davide, Realtor, Davide Realty, Inc 305.815.5993
SAL DAVIDE
REALTOR ASSOCIATE
4191 Lybyer Avenue
6 Beds | 5 Baths | 4,222 Sq Ft
Timeless design seamlessly blending European and Mediterranean classic elegance creating a urban tropical oasis. Custom built home designed by renowned architects Portuondo Perotti Architects. This beautiful home located in South Grove features 6 bedrooms, living room has 24 ft ceiling height with large arched custom mahogany French doors that allow access to an oversized 12,750 SF lot. The backyard nestled by a Japanese inspired garden by John Zito with mature live oak trees and a 65 ft swimmer’s lap pool offers complete privacy with fully walled fence. The master suite provides access to an expansive terrace overlooking it’s tropical oasis. Separate staff quarters with private entrance. Top Public & Private school jurisdiction. Close to top shopping & restaurants.
Offered at $2,750,000
Paola M. Garcia-Carrillo P. A.
BROKER-ASSOCIATE
C: 305.297.5159 | O: 305.778.2252 paola.gc@compass.com www. RRGroupCompass.com
Your Tropical Oasis
Discover your Tropical Oasis at Montgomery Estates, a gated enclave of four curated residences with distinctive architectural designs from Coastal Caribbean to Modern style. This new construction residence boasts 3,956 Sq Ft living and 5,206 Sq Ft total. Walk into a high-ceiling entry living room where you can see right into your backyard oasis. Featuring Sub-Zero & Wolf luxury appliances in your gourmet kitchen. Marble flooring throughout residence and wood flooring in bedrooms. The backyard is perfect for entertaining your friends & family. With your built in summer kitchen and resort style pool there is so much rest & relaxation to be experienced here!
Offered at $2,200,000
7452 SW 48th Street Miami, FL 33155
707 SOUTHWEST 21ST AVENUE, MIAMI, FL 33135
GREAT LOCATION IN LITTLE HAVANA
JULIA HERRERA
305.926.0701 juliaherrera76@gmail.com www.optimar.com
8,500 Sq Ft | $2,200,000
Great location in little havana, 10 units multifamily producing income, 100% rented, well maintained. Two buildings, one folio # as per records: front building was built 1939, 2 floors, 4 units 1br./1ba units rear building was built 2007, 3 floors, 6 units 1br/1bd. FRONT BUILDING HAD 40-50 YEARS OLD CERTIFICATION April 2019. All required licences are current. Building has vendor # with Hialeah Housing Authority and Miami-Dade County Housing. Coined laundry in site 2 washers and 2 dryers .
PARAISO BAY
MIAMI
38TH FLOOR CONDO
650 NE 32ND ST UNIT 3804, MIAMI, FL 33137
Breathtaking views of Biscayne Bay from the 38th floor. 2 bed + den 3 bath open floor plan with private elevator. Floor to ceiling sliding doors. Gourmet kitchen with stainless steel appliances, European cabinetry, Wall oven, and top glass cook. Beautiful private terrace. Modern master bathroom with frame less glass enclosed shower. 5 star building, state of the art fitness center, wine cellar & tennis court, treated swimming pool, spa, 24 hrs security and much more. Great location! near Miami Design District, Midtown, Downtown and Miami Beach.
“With over 18 years of experience as a Realtor in Miami, helping my clients find their dream home and making them happy is my passion. Thinking about buying, selling or renting? Contact me!”
OFFERED AT $850,000 | 2 BEDS + DEN | 3 BATHS | 1,193 SF
Maria J Diaz Mendizabal
REALTOR ®
305.926.2725 mj@mariajdiaz.com www.mariajdiaz.com @mariajosediazrealtor
ATHENA CHILICAS BARROCAS
REALTOR ®
C: 954.317.0463 O: 954.384.0099 athena@athenashouse.com www.hartmanassociates.com $620,000 | 3 BEDS | 2.5 BATHS | 1,505 SQFT
Exquisite details of elegance throughout the interior. Elegance continues in the kitchen and bathrooms with Italian cabinetry and imported stone counter tops. The floor to ceiling windows are tinted and impact resistant, bring the inside outside to the expansive wrap around balcony offering breathtaking views of the East, South and West. A semi private, high speed elevator, 24 hour valet and security is only a few additional amenities. Enjoy 20,000 Sqft recreation deck with pool, cabanas, spa, picnic area and more. Just minutes away from Miami Design District, Art District of Wynward and Miami Beach. 2 Car Garage and Home Warranty Included.
Miami Luxury Market BOOMING
Miami is a city whose very name conjures images of luxury. The fancy clubs and restaurants, the sandy beaches, the palm trees. Arguably no city in America is so synonymous with an upscale and luxurious lifestyle than Miami. Over the past year, this image has begun to align with the reality of the real estate market. Miami’s luxury real estate market, which includes homes of $1 million and up, has positively exploded in 2020, with a ton of momentum heading into the new year.
While Florida, in general, has experienced a real estate boom in the wake of the COVID pandemic, Miami’s luxury real estate sales are increasing at a rate that is far above the trend for Florida, and Miami as a whole. According to Mansion Global, million-dollar-plus home sales have doubled year over year in MiamiDade County. Meanwhile, single-family home sales grew by 15.7%. While this is still significant growth, it pales in comparison to the astronomical growth of the luxury market.
It is not just the luxury homes in Miami that are experiencing a boom. Luxury condominiums are also having a surge in sales. In October of 2020, there were 27% more million-plus dollar condos sold than in October of 2019. Overall, the luxury market in Miami is objectively red-hot. But what is fueling this upward trajectory, and how will the rest of the market be impacted by this surge?
One impact that the luxury sales boom has had is that the median price of a home in Miami has shot upwards. Mansion Global states that the median single-family home in Miami now sells for $420,000, which is a 17% rise from a year ago. Even though these prices are rising, the number of sales aren’t stagnating or declining. According to the World Property Journal, Miami’s total home sales rose 3.5% in Q3 compared to Q3 last year.
This has led to a decline in inventory. According to the same report by the World Property Journal, the inventory for singlefamily homes in Miami decreased 37.3% year over year. This is a drastic drop that is likely part of what’s fueling the price increase. Of course, the number of luxury sales skyrocketing is a big contributor on that end, but with a decrease in inventory comes an increase in competition, which leads to bidding wars that raise prices.
Something else fueling the luxury real estate market is the migration of wealthy Northeastern and West Coast people. Florida is one of only a few states that doesn’t have a state income tax, and for people from New York and California, this is a huge perk. As well, New York City has seen a mass exodus throughout the pandemic as people look to head to a warmer climate. Miami has certainly capitalized on this migration from other areas, as the massive surge in the luxury market reflects.
Miami is a city that has become a place of luxury and new money. With areas like Miami Beach famous for their palatial mansions and upscale restaurants, Miami has long been known for its wealth. But in 2020, this was taken to a next level as the luxury real estate market soared to new heights. Spurred by an uptick in sales and a downturn in inventory, as well as a Northeastern and West Coast migration, the Miami luxury market remains red hot at the start of a new year.
3 beds | 2 baths | 1,308 sqft | $435,000. Largest corner line, modern and completely renovated unit with one of the most spectacular views in this resort style complex. Amazing floor plan, lots of natural light, granite countertops, marble floors, ss appliances, custom closets, impact doors and windows with shutters for extra-layer protection. Fantastic location with easy access to major highways, just minutes from Miami International Airport, Midtown and Downtown Miami. Quiet area, High demand, rarely for sale. Two assigned parking spaces. Resort-style living includes business center, marina with docks, heated pool, Jacuzzi, fully-equipped fitness center, grocery, spa, sauna, beauty salon, bbq with view to the lagoon, mini golf, kids play area, EV Charging, area for events and more.
OSVALDO BENITEZ
C: 305.515.0340 O: 305.501.0270 ob@giveme5real.estate giveme5real.estate
- Location: Wynwood Norte - Total: 10,750 square feet, with the possibility of adding more to the assemblage. -Zoned commercial/ Mixed use T6-8 - Mixed use - Build up to 8 stories high - Average price: $185 per square footage
330 & 334 NW 37 STREET, MIAMI, FLORIDA 33127
$1,970,000. You won’t want to miss this fantastic lot opportunity where you can build up to eight stories in height! 334 is being sold as an assemblage with 330 NW 37 St in Miami. Both of these lots are zoned T6-8 open and allow for flexible zoning. The newly named Wynwood Norte is conveniently located and in the most desirable location—just minutes to Miami Design District, Miami Beach, Miami International Airport, Wynwood, Downtown and much more! Additionally, the land around 334 is for sale by other real estate agents and has the option to be acquired. You could own almost the entire block! Interested in more details? Contact us today!
CARLA VERASTEGUI
REALTOR ®
