Archive for the ‘Deals’ Category

Caribbean- NEW Miami Beach Oceanfront Condo

Monday, November 2nd, 2009

As has been reported, a New York City investor has purchased the Caribbean Miami Beach.  Originally prices for units in this oceanfront building were averaging $848 per square foot.   This is a boutique building with only 103 units, composed of one, two and three bedroom units.  Prices today are starting at $400 per square foot. …Read More »

Sonata Beach Club: Developer Price Reductions

Thursday, October 22nd, 2009

  Those that follow my posts know that I identify buying opportunities for oceanfront condos.  The oceanfront condos that have proven to be the best buying scenerios have been offered by either motivated sellers or by developers looking to close out their inventory.  In today’s market there are a select number of truly fine buildings that have…Read More »

Sales are up. What does that mean for South Florida Oceanfront Condos?

Monday, September 7th, 2009

Sales are defintely up !  Housing figures are showing an increase in sales. What does this mean for oceanfront condos in South Florida?  Luxury buildings that we follow are showing an increased number of sales all along the coast.  A year ago the numbers were quite different.  South Florida oceanfront condos have a world wide…Read More »

Negotiating A Deal for a South Florida Oceanfront Condo

Sunday, August 30th, 2009

The market today is not a “typical” market where the standard procedures of negotiating applies to every scenario.  Many buyers come into the market expecting to follow the procedures of buyer submitting and offer, seller countering offer,  terms negotiated back and forth.   The scenarios that exist today that I experience firsthand through the numerous…Read More »

Short Sales…Nobody Likes them…but there are opportunities

Sunday, July 12th, 2009

Nobody likes short sales.   The process is long and drawn out with questionable results.  However, for buyers, the opportunities are there.  In Miami Beach in the last 60 days,  23 oceanfront condominiums closed that were short sales.  2 closed sales were at the Bath Club. These were large units with selling price for both…Read More »

Harbour House-Developer Closeout Presents Opportunities

Saturday, June 20th, 2009

The New Harbour House in Bal Harbour is situated at the Northernmost tip of Bal Harbour.  Completed in 2007 by the Related Group,  Harbour House offers all the amenities expected from a new oceanfront condo, spa fitness center, pool, private theatre, clubroom and even a small grocery store. Residences available are studios, one and two…Read More »

Oceanfront Condo Closed Sales-Bank Owned-Short Sale or Motivated Seller-Part 2

Wednesday, May 27th, 2009

In continuation of the previous post Oceanfront Condo Deals-Bank Owned, Short Sale or Motivated Seller,  we wanted to provide additional data on the South Florida Oceanfront Condo market including, Miami, Fort Lauderdale, Palm Beach and all the localities along the coast. The data below details the breakdown of closed sales for the past 6 months.  …Read More »

Oceanfront Condo Deals-Bank Owned, Short Sale, or just a Motivated Seller?

Sunday, May 24th, 2009

The economic situation and the housing market has brought the spotlight on to SHORT SALE AND BANK OWNED  properties as I have written in a previous post.  There are oceanfront condo opportunties in Miami, Fort Lauderdale, Boca Raton, Pam Beach, Sunny Isles, Bal Harbour…every where.   As many buyers have come to learn, the short sales…Read More »

Oceanfront Condo Sales- Buyer Activity

Saturday, May 9th, 2009

We haven’t posted in a while, because we have been very busy with buyers looking for great opportunites as well as with institutional buyers looking for bulk sales. There is plenty of activity in the market.   Active buyers in luxury oceanfront buildings are picking the best line units in buildings, taking advantage of the…Read More »

Coconut Grove Fort Lauderdale- Big Price Reductions !

Tuesday, March 17th, 2009

The Coconut Grove on Fort Lauderdale Beach is a 14 story deluxe oceanfront condo with only 64  residences.  Due to zoning and development restrictions, Coconut Grove may be the last new condominium built directly on the sand in southeast Fort Lauderdale.   The property sits on 230 feet of beautiful beachfront. The Economic downturn and…Read More »