The condo market in Miami has suffered a remarkable drop in the volume of sales in June compared to the year before. Additionally, after 2 consecutive years of rising prices, this year showed the first sale price decrease of -1.4%, leaving a median price of $252,000 in June 2020.
Read the rest of this entry »
Wynwood has been transforming from a tourist attraction to an actual innovative living area. With amazing business ideas, this neighborhood is now home of preconstruction of co-living apartment buildings with world-class shared amenities and service which has been extremely appealing to more than one public.
One of the main developments taking place in Wynwood right now is the $46 million /1.6-acre terrain purchase at 2431 NW Second Avenue in Miami. Developed by Property Markets Group (PMG) in partnership with Greybrook, this project will be an 8-story mixed-use development with retail spaces, hotel rooms, rooftop bar, restaurant, and over 220 rental apartments from which 30% will be co-living spaces where tenants will have the possibility of renting by room and have some world-class shared common areas. This project promises to be similar to X Miami, the 32-story Hotel & Residences in Downtown.
The U.S. Treasury Department is extending its all-out attack to stop money laundering. Federal regulators are eyeing high-priced housing markets such as Miami and New York in their operation. Their goal is to limit activities that misuse shell companies as a mean to launder money.
CNN money recently reported about a survey made in 200 US metro areas. While comparing buying and renting costs, it appears that buying is way more interesting than renting in more than 75% of the polled areas!! Read the rest of this entry »
This is certainly one of the most emblematic properties in South Beach. Located on 11th Street and Ocean Drive, the Casa Casuarina is better known as the Versace’s Mansion. Read the rest of this entry »
A few months ago, I was glad to tell you that Brazilians were one of the biggest buyers of Miami real estate. They have almost by themselves rescued the market.
Miami Real Estate Blog 