Fisher Island, Miami Beach, just ranked by Forbes as #37 of America's most expensive zip codes, boasts a not too shabby median home price of $2,295,291. Forbes just published it's new list, with 4 Miami zip codes earning a spot as one of America's highest priced places to buy a home or condo
Sep 29, 2010 by Alex Shay in Miami Beach Insider Blog
Chris Bosh just bought a Miami Beach home on North Bay Road for $12.5 million. The 26 years old NBA basketball star joined the Miami Heat in July of this year, and was reported to be looking at Miami Beach homes, when it was announced today that he purchased the property located at 6396 North Bay Road in Miami Beach.
Sep 29, 2010 by Alex Shay in Miami Beach Insider Blog
LeBron James is trying to buy Alan Potamkin's house in Coral Gables at 11 Casuarina Concourse, according to reports heard all over Miami today. Priced at a cool $49.5 million, Mr Potamkin has been trying to sell the property since April 2009.
Jul 8, 2010 by Alex Shay in Miami Beach Insider Blog (1 Comments)
Palm Island in Miami Beach is one of South Florida's finest communities. Centrally located, it takes only 10 minutes to drive to the Miami International Airport, and 5 minutes to drive to world renowned South Beach, aka SOBE.
Jun 29, 2010 by Alex Shay in Miami Beach Insider Blog
Yesterday a gorgeous Miami Beach home located at 88 La Gorce Circle on prestigious La Gorce Island, sold and closed for a whopping $16 million, $3.5 million less than the listed price. The property was on the market for sale since January of 2008, when the newly built mansion was originally listed for a cool $25 million.
Jun 12, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
The Miami home of Rick Pitino, former NBA New York Knicks coach, and coach of the University of Louisville basketball team since 2001, has been on the market for sale since mid-September 2008, with no takers at the $14,900,000 asking price.
May 27, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
A-Rod, New York Yankees star, and the most famous player in baseball today, just sold his home in Coral Gables for $8.5 million, a whopping $3.5 million less than the $12 million he paid for it in 2004.
Mar 23, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
Lil Wayne, rapper, actor, CEO, and fashion designer, is trying to sell his South Beach condo for $2.8 million. The 4 bedrooms, 3.5 bathrooms condo is on the 26th floor (unit 2601) of the Murano Grande, located at 400 Alton Road, in Miami Beach.
Feb 22, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
A great deal was made last week on a property on Palm Island, known as Villa Ferrari, recently owned by music producer Scott Storch. Storch bought the home in 2006 for $10,500,000, but subsequently fell on hard times, and the property was foreclosed by Suntrust Bank in June 2009. Last week, Suntrust sold it to Weiner Russell Trust for $6,750,000.
Feb 16, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
Credit Suisse took ownership of the Gansevoort South Hotel in Miami Beach last Thursday, after a New York auction produced no bidders for the 334 room, trendy South Beach resort. The previous owners, father and son team William and Michael Achenbaum tried, unsuccessfully, to find a buyer for their $89 million outstanding loan, before the foreclosure took place last week.
Feb 10, 2010 by Alex Shay in Miami Beach Insider Blog
photo courtesy of AP
South Beach Burger King will soon open a restaurant with a Whopper Bar, where customers will be able to buy a beer and a burger. A whopper combo, including a burger, Anheuser-Busch or MillerCoors beer, and fries will cost $7.99 at the Miami Beach restaurant.
Jan 25, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
Miami condo owners, who have listed their condos for sale, have all become acutely aware of the steep fall in value of their apartments. The over development of many huge buildings with hundreds of apartments, and no buyers, along with the foreclosures of thousands of other condos in Miami, has brought the condo market to it's lowest level in memory.
Jan 19, 2010 by Alex Shay in Miami Beach Insider Blog (1 Comments)
alexshay.com
Dolphin Stadium, as Miami residents well know, will host the Superbowl for a record 10th time next month. The Superbowl is a real boon for the city, which has not only experienced the effects of the long lasting recession, but has also seen real estate prices fall dramatically over the past few years, and people forced out of their homes by foreclosure.
Jan 19, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
Miami luxury homes have been selling at a snail's pace in the past few years, with only 42 luxury homes with water frontage, sold in greater Miami Beach in 2009. Miami and Coral Gables have also experienced dismal home sales and huge price drops. All of this points to a bottoming out of the luxury real estate market in Miami. More luxury home buyers have re-entered the marketplace, and more sales are closing.
Jan 13, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
Miami Beach luxury real estate buyers are trickling back into the marketplace this month, as evidenced by more showings of luxury homes, more pending sales, and more closings. Last week, a beautifully updated Miami Beach home on Lakeview Court sold for $5,600,000.
Jan 8, 2010 by Alex Shay in Miami Beach Insider Blog
alexshay.com
"I think that with this letter we achieve half of what we set out to do last week, and that is to have Flagstone current on payments to the City of Miami," Flagstone attorney Alexander Tachmes of Shutts and Bowen, recently wrote to Miami city officials.
Jan 7, 2010 by Alex Shay in Miami Beach Insider Blog
The Loews Hotel in Miami Beach, located at 1601 Collins Avenue, is one of 18 hotels in the USA and Canada, operated by the New York based company, and is arguably one of the finest hotels in Miami, with 790 rooms, including 50 luxury guest suites, 2 presidential suites, and 6 restaurants and bars.
Dec 29, 2009 by Alex Shay in Miami Beach Insider Blog (1 Comments)
Indian Creek, an exclusive island just north of Miami Beach, has recently become home to Brazilian Victoria's Secret model Adriana Lima and her husband, professional basketball player Marko Jaric.
Dec 29, 2009 by Alex Shay in Miami Beach Insider Blog
alexshay.com
The Venetian Islands, located in Miami Beach, stretch to Miami across a span of 7 bridges called the Venetian Causeway, the oldest of metropolitan Miami's causeways, as well as one of the most charming areas in Florida. The 6 Venetian Islands are surrounded by Biscayne Bay, and feature amazing views of the water and downtown Miami, not to mention some of the finest luxury homes in Miami Beach.
Dec 29, 2009 by Alex Shay in Miami Beach Insider Blog
alexshay.com
Home sales are improving in Miami, and the numbers tell the story. Beachfront Realty, one of the largest privately owned real estate firms in the State of Florida, with 3 offices, and more than 1,500 real estate agents, closed more than $56,000,000 in sales last month.
Dec 3, 2009 by Alex Shay in Miami Beach Insider Blog
Google.com
Star Island in Miami Beach is home to the stars, and is one of the most exclusive communities in Florida.
Oct 28, 2009 by Alex Shay in Miami Beach Insider Blog
Miami Real Estate is undergoing some changes that are truly mind boggling. Some homes are selling for remarkably high prices, given today's economic climate, while others are selling at prices well below market value; and some sellers still don't get it.
Sep 22, 2009 by Alex Shay in Miami Beach Insider Blog
Miami Beach's Fontainebleau Hotel may face a judgment of default on unpaid contractor bills....
Sep 11, 2009 by Alex Shay in Miami Beach Insider Blog (1 Comments)
alexshay.com
Miami real estate has undergone its share of turmoil in the past few years, and many homeowners have suffered as a result. However, there are signs that a bottoming out is taking place right now, at least with respect to the sale of single-family homes in the Miami area.
Sep 2, 2009 by Alex Shay in Miami Beach Insider Blog
Sunset Islands real estate sale may yet be another signal the bottom of the real estate market in Miami is upon us....
Aug 24, 2009 by Alex Shay in Miami Beach Insider Blog
