Brickell House Miami CondoDowntown Miami is back! The BrickellHouse is the first major project to break ground in this area since 2008. A new 46-tower condo, is scheduled to open in 2014.

PROGRESSIVE. CONFIDENT. BRILLIANT.

BrickellHouse, located in Miami’s most prestigious and exclusive area – Brickell, represents the future of urban living. Because of its complexity and modernity it is a condominium that you have never seen before. BrickellHouse is Miami’s latest and most revolutionary address filled with advanced technology. It symbolizes the progressive lifestyle as life in Miami’s Brickell moves at the pace of technology. There is so much energy that thrives in the downtown environment of BrickellHouse.

THE CENTER OF MODERN LIVING.

BrickellHouse Miami condo is a state-of-the-art building, with cutting-edge green-building technology that includes a secure, fully automated parking garage. BrickellHouse Miami condo features a roof-top situated on the 46th floor, with a swimming pool and a sundeck with stunning water and skyline views; a 50-foot-long lap pool with poolside cabanas and a large heated whirlpool spa; a luxury spa with a sauna, steam and private treatment rooms; a fully equipped, state-of-the-art fitness center with HD TVs and wireless audio and many more amenities.

Brickell House Miami CondoBrickell House Miami CondoINTELIGENT BY DESIGN.

BrickellHouse Miami condos offers unique residences which boast floor-to-ceiling windows and feature inspiring views of city skylines and the crystal-blue horizons of Biscayne Bay. They have spacious modern layouts from 500 to 5000 Sq.Ft. with expansive private balconies. Open layouts are highlighted by high-end finishes and high-tech conveniences. BrickellHouse Miami condos reflect a forward-thinking approach to life and aesthetics in every possible manner.

Brickell House Miami Condo

Brickell House Miami Condo

MIAMI’S MODERN MOVEMENT.

BrickellHouse Miami condo is located in Miami’s most chic and progressive neighborhood, just minutes away from other popular destinations such as Miami Beach, Key Biscayne, Coconut Grove and Coral Gables. In the close proximity are: the New World Symphony, the Adrienne Arsht Center for the performing arts as well as the American Airlines Arena. That’s not all, there are several large urban projects to arrive like the $3 billion Resorts World Miami, a 10-millionsquare-foot complex that is slated to include Miami’s first casino and the new Miami Art Museum (MAM) which will be located in the heart of water-front Museum Park.Brickell House Miami Condo

If you want to buy at the best prices, now it is definitely the time to buy in Brickell!

If you are interested in Miami Beach condos or South Beach real estate visit our website: http://www.bryanandbill.com/ or give us a call at 305-791-2349.

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South of Fifth – the most upscale residential corner of South Beach, a tropical oasis of waterfront elegance. Whether you prefer a sun-drenched afternoon by a heated outdoor pool or sailing, revel in the South Beach lifestyle. Savor award-winning international dining in a variety of casual venues. The famous Art Deco District is nearby with exciting shopping and the nightlife of the trendy South Beach. Here, the best of the best South Beach real estate rise over the Atlantic Ocean, South Point Park and the Miami Beach Marina. Only in SoFi (South of Fifth), you can find beautifully appointed guestrooms designed to draw on the tranquility of the tropics influenced by the magic of South Beach.

Icon, Apogee, Murano Grande, Murano Portofino, Continuum, Yacht Club and Portofino Tower are the South of Fifth ultra luxury condos, to find out which one would suit you the best, read more.

Last week we were writing about the Murano Grande – a luxury South Beach condo. You can find the post by clicking on Murano Grande.

Murano Grande South Beach real estate

This week we would like to present to you the Icon South Beach real estate, which, when visited, will make a huge first impression on you, but not only one time, anytime.

Icon South Beach real estate

Icon is one of the most “Impressive and expressive“, “luxurious and liberating” South Beach real estate. The entrance of the Icon South Beach condo is an extraordinary two-story lobby designed by the French designer Philippe Starck and it symbolizes the uniqueness of Miami Beach. He also created four themes to finish Icon South Beach condos. Find your favorite one! The Nature plan – airy with natural wood, the Classic approach – tailored with echoes of French chateaux and Scottish castles, the Culture plan with colorful baroque touches and the Minimal one – all about simplicity and purity. You are also free to create your own design style. Express yourself and create a home as individual as your fingertips!

Icon South Beach real estate

If you are interested in Miami Beach condos or South Beach real estate visit our website: http://www.bryanandbill.com/ or give us a call at 305-791-2349.

Murano Grande South Beach Real EstateThe luxury condo resale market in Miami Dade County has seen a strong recent upswing, but will it last?

As difficult as it may seem to fathom, given the current macroeconomic data plaguing South Florida, indications are growing that the luxury condo resale market in Miami-Dade County is back — at least for the time being.
Foreign buyers with strong currencies complemented by a scattering of wealthy domestic purchasers acquired more $1 million condos in 2011 than in the last year of the South Florida real estate boom in 2006, according to an analysis of data from the Southeast Florida Shared Multiple Listing Service Database.
Buyers purchased nearly 590 condos for at least $1 million each in 2011 after acquiring less than 500 high-priced units in 2006.
On a year-over-year basis, the 2011 luxury condo resale activity represents a 29 percent increase from 2010 when fewer than 460 units were purchased for at least $1 million each in Miami-Dade.
Weeks into 2012, an additional 100 luxury units are already under contract waiting to transact.
Topping the list for the most expensive condo resale in the year 2011 is a penthouse in the Setai Resort & Residences in Miami Beach that sold for $21.5 million.

Setai South Beach Real Estate

A pair of units in towers on South Pointe Drive in Miami Beach’s South of Fifth neighborhood rounded out the top three rankings for the highest priced resales for 2011.
In separate transactions, buyers paid $11.5 million for a penthouse in the Apogee condominium and $10.6 million for a high-floor unit in the Continuum On South Beach, respectively.
The resurgence in the luxury resale market has inspired an increasing number of owners – who had previously been unwilling to accept lower prices during the last five years of the real estate crash – to put nearly 1,000 condos on the resale market with an asking price of at least $1 million each.
Nearly 20 ultra-luxury condominium units are on the resale market for at least $10 million each with one unit asking as much as $38 million in the wealthy enclave of Bal Harbour.
Developers are also taking notice of the resurgence in the luxury condo market.
At least five new luxury condo towers – ranging from the one-unit-per-floor Regalia to the drive-the-car-to-the-unit Porsche Design Tower in Sunny Isles Beach – are planned or under construction in Miami-Dade County where the proposed sales prices are expected to surpass $1 million each.
The luxury condo revival in Miami-Dade County is not occurring at the same pace in Broward County where foreign buyers play a somewhat more limited role in transactions.
Buyers purchased less than 70 luxury condo resales in Broward County in 2011 compared to 100 high-priced units at the top of the market in 2006.
On a year-over-year basis, 2011 luxury condo resales in Broward County are up 11 percent from 2010 when 61 condos traded at a price of at least $1 million each.

Icon South Beach Real Estate
Going forward, it is unclear if the Miami-Dade luxury condo market can maintain the resale pace given the current economic challenges in the European Union with the erosion of the Euro currency, the adoption of unpopular austerity measures and a series of downgrades by at least one influential rating agency.
Western European buyers from counties such as France, Germany, and Italy represent 19 percent of the estimated $318 million in monthly sales in the Miami-Fort Lauderdale-Miami Beach market attributed to foreign investors, according to an August 2011 report by the National Association of Realtors.
After buyers from Venezuela, the Western European buyers are the second largest concentration of $1 million buyers of any international group purchasing in Florida, according to the report.
An estimated 12 percent of Venezuelan buyers spend at least $1 million while six percent of Western Europeans are purchasing in that high-priced category.
By comparison, an estimated two percent of buyers from Brazil spend $1 million and one percent of buyers from Canada are in the high-end price range, according to the study.
Another issue facing the Miami-Dade County luxury condo market is the growing number of units available for purchase on the resale market aside from the unsold developer units remaining from the last real estate boom.

Apogee South Beach Real Estate

Even at the strong 2011 resale pace of an average of nearly 50 units per month, Miami-Dade County has about 20 months worth of high-priced condos currently available for purchase.
Many industry watchers consider a healthy market to have about a six-month supply of inventory.
Reinvigorated sellers with optimistic pricing expectations are another issue facing the luxury condo market.
Sellers of luxury condos are currently seeking a median price of more than $1.75 million in 2012 compared to median transaction prices of $1.6 million in 2011, $1.5 million in 2010, and $1.51 million in 2006.
Given the emerging economic and psychology issues combined with continuing challenges associated with obtaining financing, it is unknown if the Miami-Dade County luxury condo market can maintain the 2011 sales momentum into the latter half of the year once the winter tourism season ends in the second quarter.

Read more here: http://www.miamiherald.com/2012/01/22/v-fullstory/2601915/miami-dades-luxury-condo-resale.html#storylink=cpy#storylink=cpy#storylink=cpy

South Beach Real Estate - South of Fifth

real estateIn the age-old battle of the sexes, who “wins” when it comes to pricing and putting homes up for sale?

Are there more female or male real estate agents in Florida? Which gender lists more homes? Do women’ listings have a higher average list price or men’ ones?

A real estate company, Trulia.com answered these questions as it has analyzed the performance of male and female real estate agents across the country. The findings are very fascinating.

The methodology is interesting. They did a name analysis using a genderized program to separate agents and looked at which gender outnumbered the other, etc. It isn’t an exact science, nor do they claim it is (who knows if Jean is a man or woman?), but it is interesting.

There are definitely more women than men who are in the business of buying and selling homes. In Florida, there are over 25% more female real estate agents than men. Moreover, homes for sale by female agents are 2% more expensive. The average listing price represented by women is $151,313 and by men – $147,914. This percentage is the second lowest in the country. The record was beat by West Virginia, where homes for sale by female agents are 63% more expensive. However, not in all states female agents took the lead. In Alaska, for example, listings represented by men are 72% pricier than by women.

When it comes to the amount of homes for sale per agent, the average number of listings represented by women is 13.8 and by men 15.6. However, this has nothing to do with the actual number of homes sold, just the volume that each agent is listing.

In the Florida real estate market, as we can see women take the cake in the price category, having higher priced listings than men. However, men represent a higher number of listings per agent. Shall we say 1:1? Nevertheless, the question arises: Who sells more?

Looking for a Miami Beach Realtor? The Bill and Bryan Team are here to help. Visit their site to view thousands of South Beach Condos and other Miami Beach Real Estate all updated daily – www.bryanandbill.com.

South BeachSleepless Night, a citywide celebration of art, music and dance, traditionally runs from sundown to dawn on the night of the autumnal time change (thus forgoing the extra hour of sleep for fun). This year that falls on Nov. 5.

The idea began in Paris in 1984 – with Nuit Blanche, or White Night – and has since spread to 11 other major international cities, including Rome, Madrid and Montreal.

“Art Deco Weekend was the start of it all 35 years ago, but then came Art Basel 10 years ago, and now we’ve got Sleepless Night. Thanks to these three events, the cultural scene here has exploded,” says George Neary, the associate vice president of cultural tourism for the Greater Miami Convention & Visitors Bureau.

Statistics suggest he makes a fair point. Last year, Sleepless Night attracted 130,000 people, with an estimated 27,000 coming from outside the area. Art Basel drew 46,000 people, with an estimated 10,000 from outside Florida. And Art Deco Weekend, the granddaddy of the celebrations (actually the grandmother since the event honors Barbara Capitan, credited with saving the Art Deco district from demolition) draws 200,000 visitors, 40,000 of them from out of state.

Sleepless Night was begun to give art and culture lovers a reason to come to Miami Beach in early November, when business is slower. This year the celebration begins Saturday. Art Basel follows Dec. 1-4. Art Deco Weekend is Jan. 13-15.

A case also could be made that Sleepless Night, the neophyte in the group, has become Miami Beach’s signature arts event.

South BeachInternationally appealing singers, dancers and performance artists perform alongside such award-winning local favorites as the Florida Grand Opera, the Miami City Ballet and the Miami Symphony Orchestra, as well as local standouts such as internationally known jazz vocalist Nicole Henry.

For this one night on Saturday, Miami Beach is more than South Beach as the city is divided into four cultural zones, which encompass 80 venues such as the Bass Museum and the New World Symphony.

This year’s schedule includes Sarruga, a Barcelona-based street theater group that will provide huge dancing fish puppets; Brazil’s Livio Tragtenberg, who will present “The Cabinet of Dr. Strange,” a “composer” in the form of an extinct animal; “The Carpetbag Brigade,” a group from San Francisco that utilizes acrobatic stilts, physical theater, modern dance and circus arts; and “Project Bandaloop,” an aerial dance troupe, which has performed on the cliffs of Yosemite National Park, and will perform its new work “Bound (less),” using the city’s new Frank Gehry-designed New World Center.

South BeachAll of the cultural performances are free. Museums waive their admission fees. Luxury bus coaches transport people from place to place, with onboard entertainment and films shown on the vehicles as well.

Finally, those who stay up all night will be treated to breakfast on the beach as the sun comes up.
Source: http://sleeplessnight.org

South Beach condosDevelopers are preparing to launch the next wave of condo towers in downtown Miami, targeting international pre-construction buyers who can pay in cash.

The aftershocks of the last housing boom are still lingering, but developers are once again rushing to buy up land and erect new condo towers in downtown Miami’s burgeoning metropolis.

At least six new condo projects are slated to break ground in Miami in the coming years, with developers promising to announce several additional projects soon.

For skeptical housing analysts and weary homeowners, the sudden flurry of developer excitement in the midst of double-digit unemployment and stagnant home prices brings back not-so-distant memories of the last housing boom, and its epic bust.

This time is different, say the developers, who profess to have learned their lesson and are adopting financial models with far less risk than the 20-percent-deposit pre-sales that were popular during the last building boom.

“It’s time to think of where we’re going to be rather than where we are,” said Harvey Hernandez, whose Newgard Development Group recently announced plans for a new condo tower called Brickell House at 1300 Brickell Bay Dr. “It could not be a better moment for us to launch a project.”

So why the sudden rush to build again?

In addition to downtown Miami’s growingSouth Beach condos population and reduced construction costs, it’s a function of supply and demand. Developers point to an inventory of new condos that has, at least on paper, shrunk quickly over the past two years as cash buyers have bought thousands of units at discounted prices. South Florida condo resales are up 65 percent this year, and only about 2,000 of the 23,000 downtown condos built during the boom remain unsold.

The demand is coming, almost exclusively, from outside Miami. Buyers based in Latin America, Canada, Europe and the northeast United States have spent more than $3.8 billion on South Florida real estate this year, helping boost sales. International buyers account for about 90 percent of new condo sales, according to the Miami Association of Realtors.

Builders believe the surging international demand is strong enough to support new condo towers.

They are also using a more cash-focused financing model this time, hedging risk by requiring buyers to pay as much as 80 percent of the full price of a condo before construction is completed. Under the arrangement, buyers pay 20 percent at pre-construction, 20 percent at ground-breaking, and another 30 to 40 percent as the tower is topped off and approved for occupancy.

“The beauty of this business model is it separates the men from the boys,” said Craig Studnicky, principal of RelatedISG, a new development and sales partnership with Jorge Perez’s Related Group. “There are no speculators. The contracts are not assignable. These are people that are planning to live there or invest and use them as rentals.”

Whether developers’ line of thinking will prove profitable remains to be seen, as the proposed financing model — popular in Latin America — has never been tested on a large-scale basis in the United States.

William Hardin, a professor of real estate and finance at Florida International University, said some of the developers are simply testing the market. They might make splashy announcements and host lavish launch parties, but if the cash-buyers don’t materialize, the projects will never be built.

“You have a lot of posturing going on,” he said. “Everyone’s talking, but not every one of those plans are going to stick.”

Paramount Bay Miami condoThe Related Group is at the forefront of testing the cash-heavy , foreigner -reliant pre-sale model, having put many of the troubles of the real estate bust behind it. The firm’s grandest project, ICON Brickell, experienced the spectrum of ups and downs as the last cycle played out. Pre-construction buyers lined up to snag units when the three-tower project launched in 2006, and then walked away from their deposits en masse when the market tanked. Two of the towers eventually reverted back to lenders in a “friendly foreclosure,” but rapid sales this year helped Related and Fortune International Realty nearly sell out the project’s 1,800 units.

Now, Related is ready to build again. The firm has plans to begin constructing at least six new condo projects in the next year, and two of them have been officially announced.

One of those projects, called My Brickell, at 30 SE Sixth St., is set to break ground early next year, bringing 192 units to the market.

A little further to the south, the developer of long-postponed Sky Palace at Mary Brickell Village appears to be kickstarting plans to build the 35-story luxury tower above the Publix shopping plaza at 911 SW First Ave. Project spokesman Stylianos Vayanos said new announcements on the project could come within the next few months..

The Genting Group’s proposed Resorts World Miami, a $3 billion casino destination to be located at the site of The Miami Herald, would include two residential towers, with 1,000 condo units.

Other projects, including 23 Biscayne (601 NE 23rd St.) and Brickell CitiCentre (South Miami Avenue and SE Seventh Street) will add hundreds of new condo units to downtown. Outside of downtown, high-rises like Bellini Williams Island in Aventura (4100 Williams Island Blvd.) and Apogee Beach in Hollywood (4053 S. Surf Rd.) have already begun sales.

While international buyers have helped reduce the current inventory substantially, the supply of homes on paper could differ sharply from the true inventory. For example, many of the recently sold condos were purchased by bulk buyers and investors at deep discounts. When the market begins to rebound, those investors will likely put their properties back up for sale.

According to data from Miami Beach-based Condo Ratings Agency, only 19 percent of condo owners in downtown Miami claimed a homestead exemption last year, an indication that investors and second-home owners control the market. Banks also own thousands of foreclosure condos that are being held off the market as part of the region’s “shadow inventory.”

Paramount Bay Miami condoRecently relaunched projects like Vizcayne and Paramount Bay — the latter a 346-unit high-rise at 2020 N. Bayshore Dr. — do not show up as “developer inventory” because they were purchased in bulk out of distress. Still, those brand new units are being heavily marketed in the same Latin American cities where developers are pitching their new projects. As more developers announce new projects, competition for international buyers promises to be fierce.

That’s partially because the domestic market for new condos is basically non-existent. With less than 10 percent of downtown’s condo buyers based in Miami, the real estate market has never been quite as dependent on foreign buyers.

Recession-weary South Floridians have become a minority of the market and developers acknowledge that the 70 percent deposit financing model virtually shuts all locals out of the market.

I want a buyer that can pay cash — no financing,” said Hernandez, “Our buyers here [in South Florida], nobody has 70 percent. Nobody can afford that.”

But relying on the Latin American and international markets is certainly not risk-free.

A cooling off of international demand or a downturn in the Latin American economies in the next three years could severely hamper the progress of the proposed projects. The Brazilian real, which has occasionally declined against the dollar in the past few weeks, offers an example of potential volatility in Latin American economies.

And recent data show that the appetite of international buyers may be beginning to wane. Sales of new condos fell 33 percent in the third quarter compared to last year, according to the Bal Harbour-based consultancy Condo Vultures.

Still, international interest in Miami real estate remains strong, said Edgardo Defortuna, president of Fortune International Realty. With condo prices in São Paolo up more than 30 percent in the past year, relatively low-priced Miami still looks attractive to well-heeled international buyers looking for second homes.

“A condo in São Paolo that was selling for $500 a foot in 2005 is now probably trading for $1,500,” said Studnicky. “A condo in downtown Miami that was selling for $1,000 is now selling for closer to $500 a foot. It’s completely flipped.”

Read more: http://www.miamiherald.com/2011/10/29/v-fullstory/2478900/condo-mania-20.html#ixzz1cNnLVOlM

Miami Beach condoThe village of Bal Harbour is located on the northern tip of Miami Beach in Miami-Dade County and has Miami to the South and Fort Lauderdale to the North. It is not only a very popular shopping destination but also a great place to live. Fashion is definitely alive here. It is an inseparable part of Bal Harbour living, whether it is a runway show or previews of coming collections. Bal Harbour Shops is an upscale open-air shopping mall, internationally famous for its collection of luxurious retails such as: CHANEL, D&G, GIORGIO ARMANI, PRADA and many more. Apart from numerous shops offering sought-after brands, Bal Harbour offers oceanfront activities, such as pilates, yoga or fitness classes, as well as distinctive dining options in a stylish setting. There are many choices of dining, from elegant restaurants through poolside dining when you can take advantage of the Bal Harbour’s spectacular setting to casual cafes, perfect spots for an afternoon or morning coffee.

When it comes to Ball Harbour’s beachfront properties, they definitely offer an exceptional service and are the best getaways when what you need is some time for yourself. St. Regis Bal Harbour is definitely one of them and it is the newest resort to come to Bal Harbour. With three all-glass towers, this condo offers several pools and outdoor sculptures to complement its waterfront setting. It is called a haven of elegance, style and services not without a reason. St. Regis also boasts a 12,000 sq.ft. Remede Spa.

Bal Harbour condo

One Bal Harbour is also one of our favorite Bal Harbour condos. It reflects the best of Miami Beach real estate with its luxury, sophistication as well as the contemporary design. It is an art inspired real estate with apartments featuring floor-to-ceiling windows. Its dining options and amenities are endless as well as are the ways of relaxation. The choice is yours.

Bal Harbour condos