Miamism Blog

You are here

Belle Meade Real Estate - monthly market report - Jan 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Belle Meade Real Estate Market Doing?

There are currently 5 homes for sale in Belle Meade: 

  • Highest priced listing $19.5 Million for the huge open bay property with 480' of water frontage and 29,452 SF of land which includes 7301 and 7305 Belle Meade Island Dr
  • Lowest priced listing is $855,000 for the 3/2 home at 960 NE 74th St with 1,528 SF and 7,080 SF lot ($560/SF)
  • Pending Sales (Properties under contract): 11
  • Median Sales Price in January: $3.3 Million
  • Closed sales in January: 4

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Belle Meade last month?

For a list of all properties sold in January, please email us at BelleMeade@miamism.com

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What is the average price per square foot in Belle Meade?

Belle Meade Waterfront Sales

The average sold price per square foot in Belle Meade waterfront homes in January was $790 compared to:

Belle Meade Non-Waterfront Sales (Dry Lots)

The average sold price per square foot in Belle Meade for homes not on the water in January was $471 compared to:

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Top 3 Sales in Belle Meade in January (by square footage)

  • New construction on the water at 885 NE 76th Street with 4 bedrooms / 4.5 bathrooms, 4,279 SF on 9,150 SF lot with 61' of water frontage.  This home was listed for $3.595 Million in July of 2020 and sold for $3.35 ($783/SF)
  • New construction on the water (same builder as property above) - at 875 NE 76 St with 5 bedrooms / 4.5 bathrooms, 4,141 SF on 9,150 SF lot with 61' of water frontage. This home was listed for $3.495 Million in July of 2020 and sold for $3.3 Million ($797/SF) with $150,000 seller's contribution.
  • Non-waterfront home at 901 NE 73 St with 4 bedrooms / 3 bathrooms, 1,804 SF on 10,620 SF lot. It was listed for $895,000 in August of 2020 (MLS shows a contract that fell through), relisted for $950,000 and sold for $825,000 ($457/SF)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Belle Meade Opinion

We provide a comprehensive 3D market report with in-depth data from the last 12 months that you can download HERE.

Some key points you should know:

  • Seller's market with only 5 months of inventory.
  • Average Sales Price is $1 Million
  • Average Discount is 6%
  • 2 Sweet spots in sales: homes between $500k-700k and homes above $2 Million.
  • 25.6% of all deals are CASH
  • 77.8% of buyers are primary residents

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


Recent Posts

Another sad day for historic preservation efforts after mid-century architect, Wahl Snyder's own home, was demolished yesterday in Miami Shores.  I wrote a post on FB that received quite the commentary from locals: Sad day... more

How is the Real Estate Surfside Market Doing? There are currently 15 Surfside homes for sale (compared to 16 last month): Highest priced listing:  $5 Million - 3/2 waterfront fixer upper with 15,075 SF lot and 75' of water... more

  • May 06, 2021

Sometimes you just have to go for it without even looking back. Competitors are all doing the same thing for years and seeing no results. So what makes us different in this difficult changing Miami real estate market? The... more

  • May 05, 2021

What an honor to be interviewed by Bill Risser, 2019 Inman Innovator Award Winner for Podcasting, and someone I've admired for years.  It's not often you get to have a down to earth conversation about the evolution of real... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.