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Miami Beach Real Estate Market Report for 2008 - Palm Island, Hibiscus Island and Star Island Luxury Homes

by: RICK & INES on January 05, 2009 12:21:22     Leave a comment »

Miami Beach Luxury Real Estate is know for its islands - I already did a market report for Venetian Islands, now I'm combining Palm Island, Hibiscus Island and Star Island just because they are adjacent to each other.  There were a total of 8 sales in the 3 islands combined in 2008.  The highest sale at $10,600,000 at Hibiscus and the lowest also at Hibiscus for $1,180,900 on a dry lot.

The price disparity has to do with location and view as well as condition of the home.  The pristine and totally updated homes will obviously sell for more than the gutted ones, near a bridge or causeway that are mainly sold for land value.

 


View Larger Map

Address Bds Bths HBth sqft YrBlt Lot Size List Price Sale Price Closing Date
24 S Hibiscu Dr 5 5 2 13,000 2003 19,687 $14,900,000 $10,600,000 5/1/2008
130 Palm Ave 6 8 1 7,940 1998 30,000 $10,900,000 $9,750,000 9/11/2008
16 Palm Ave 7 6 2 6,345 1930 35,348 $9,995,000 $11,500,000 3/3/2008
44 Star Island 6 5 1 4,720 1935 48,266 $9,750,000 $8,100,000 8/28/2008
4 Palm Ave 7 8 0 8,169 1995 17,603 $8,750,000 $6,900,000 5/15/2008
150 S Hibiscus Dr 5 4 1 5,453 1940 10,500 $3,795,000 $3,500,000 5/22/2008
275 N Coconut Ln 5 4 0 3,007 1952 8,414 $2,800,000 $2,700,000 6/27/2008
320 N Hibiscus Dr 4 3 0 3,026 1953 9,500 $1,350,000 $1,800,900 7/28/2008

Miami Beach Luxury Real Estate

Search Hibiscus Island Homes, Palm Island Homes and Star Island Homes currently listed for sale above $1,000,000

 




Miami Beach Real Estate Market Report for 2008 - Venetian Islands Luxury Homes

by: RICK & INES on January 03, 2009 10:00:00     Leave a comment »

There were 22 Venetian Island Home Sales in 2008 above $1,000,000 in Miami Beach - Making the Venetian Islands Luxury Home Real Estate Market the hottest in all of Miami Beach.  With the highest sale at $6,250,000 and the lowest at $1,000,000 (our cutt-off point).  My observation with respect to the active listings in the Venetian Islands is that there are a lot of fixer uppers and homes that have been completely gutted - most should be sold for land value rather than a shell of problems where financing is nearly impossible not to mention permitting issues with the City of Miami Beach.


View Larger Map

         Address           Bds Bths HBth sqft YrBlt Lot Size List Price Sale price Closing Date
1374 S Venetian Wy 7 8 1 7,117 2008 10,500 $7,950,000 $6,250,000 5/9/2008
235 E Rivo Alto Dr 6 6 1 6,000 2006   $5,900,000 $4,600,000 4/17/2008
1215 N Venetian Wy 7 6 1 7,653 2003 13,382 $5,700,000 $4,500,000 4/22/2008
214 W San Marino Dr 6 4 0 3,763 1936 15,750 $5,395,000 $5,000,000 4/2/2008
44 W Rivo Alto Dr 6 7 0 7,117 1941 15,750 $3,995,000 $3,200,000 7/30/08
700 W Dilido Dr 4 3 0 3,471 1956 14,000 $3,987,000 $3,022,500 6/5/2008
830 W Dilido Dr 4 3 0 3,734 1947 13,408 $3,650,000 $3,150,000 2/15/2008
808 W Dilido Dr 3 2 0 2,582 1951 10,500 $3,190,000 $3,155,000 6/24/2008
55 E San Marino Dr 3 3 0 3,004 1951 9,779 $2,999,999 $2,700,000 6/17/2008
101 E Dilido Dr 4 3 0 2,669 1939 10,500 $2,999,000 $2,750,000 1/25/2008
114 W Rivo Alto Dr 4 3 1 3,305 1924 10,500 $2,990,000 $2,650,000 3/27/2008
845 E Dilido Dr 3 3 0 2,782 1952 13,353 $2,750,000 $2,700,000 3/20/2008
726 W Dilido Dr 4 3 0 3,138 1936 10,500 $2,500,000 $2,300,000 6/2/2008
239 E Rivo Alto Dr 2 2 0 2,250 1947 10,500 $2,369,000 $2,115,000 8/7/2008
122 E San Marino Dr 4 4 1 3,970 2003 7,200 $1,799,000 $1,700,000 10/29/2008
114 2 Rivo Alto Terr 3 3 0 2,401 1945   $1,699,000 $1,600,000 8/8/2008
126 E Rivo Alto Dr 3 2 1 2,337 1950 7,500 $1,599,000 $1,400,000 12/8/2008
114 3 Dilido Te 3 2 1 2,174 1938 7,500 $1,399,000 $1,300,000 2/4/2008
115 3 terr 4 3 0 2,736 1937 7,500 $1,375,000 $1,100,000 3/21/2008
8 Century Ln 2 2 0 1,042 1941 4,599 $1,345,000 $1,200,000 3/28/2008
405 W Dilido Dr 4 3 1 2,295 1948 7,500 $1,295,000 $1,138,500 5/8/2008
7 Century Ln 3 2 0 1,146 1941 3,672 $1,150,000 $1,000,000

8/25/2008

 

Miami Beach Luxury Real Estate

Search Venetian Islands Homes currently listed for sale - above $1,000,000




How to avoid 10 biggest mistakes home sellers make

by: RICK & INES on January 03, 2009 00:00:00     2 comments »

Some people think selling real estate is easy, some think it's tough - whatever your opinion, if you want to sell your Miami Beach Home, there are 10 mistakes you shoud avoid.

 

Thanks Lani at Agent Genius for sharing the video with us - it puts common misconceptions in one clear package that is easy to understand.

 

1. Declutter your home

2. Hide your pets

3. Be scarce yourself

4. Don't discount the first offer

5. Always negotiate

6. Out with the old

7. Remember curb appeal

8. Depersonalize your home

9. Aim for light and bright

10. Fix anything that's broken

 




Miamism Fridays

by: RICK & INES on January 02, 2009 00:38:42     6 comments »

 

Everyone knows we love mojitos.....but nothing like waking up in the morning to a message from a friend showing how they went out of their way to make you feel great....and on New Year's Day!!  So here's Irina Netchaev from Pasadena, California showing us her version of the mojito.   Talk about bringing Miami to the west coast!

....another MIAMISM!!

We'd like to take this opportunity to introduce Miamism Mojito 411 - the idea is to provide a interactive Mojito Resource with reviews from all over the country and world.  So if you have recently had a mojito, tell us about it and we'll include it - whether it's the good, the bad or the ugly - it's a work in progress....so we also accept feedback.

 

** Here at Miamism we love to post your Miami Photos.  If you have a shot you want to share please join the Miamism Group at Flickr.com - or you can e-mail the photos directly to us at info@miamism.com *




Happy New Year from Team Miamism

by: RICK & INES on December 30, 2008 23:15:16     2 comments »

Thank you to all of our readers and clients for making 2008 a Fabulous year for Team Miamism!  We wish you the BEST of the BEST!

Have a Happy and safe New Year!




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