Dear Friends,

Welcome to our Miami Beach Real Estate Blog. We are always looking for input so if you have any questions or comments we would welcome them.  We strive to get only to give the best to our community.  Look forward to hearing from you soon.   


Take Care,

June 19, 2018

Highest Priced Home in Brickell - June 2018

As of June 19, 2018, the highest priced home in Brickell is the Penthouse at 1425 Brickell Ave. featuring six bedrooms, seven bathrooms, and 8800 ft.² currently priced at $25 million.

Highest Priced condo in Brickell

The most stunning penthouse with the highest quality finishes and unique upscale design is this condominium at the Four Seasons Residence. Built in 2007, this beautiful home features spectacular master suites with expansive walk-in closet, wine cellar, media room, and one-of-a-kind features.

Highest Priced Home in Brickell - June 2018

The first thing you notice is the beautiful art; not just on the walls but also hanging from the ceiling. Beautiful sculptures, rounded windows, stunning features, and beautiful ceilings in chant this entire penthouse. The unique architecture and geographic geometric design make this a one-of-a-kind art piece in and of itself.

Highest Priced Home in Brickell - June 2018

Life at the Four Seasons Residences is like living the resort dream. Homeowners dues are $7853 per month and include all the highest quality amenities available anywhere in the city. Residents enjoy a lounge, business center, community room, high-speed elevator, fitness center, kitchen facilities, swimming pool, sauna, spa and hot tub, and much more. Pets are allowed and all amenities are included in the homeowner's fee as well as common area maintenance, pest control, several utilities, and building maintenance and management.

Highest Priced Home in Brickell - June 2018

This home features stunning views of the bay, Key Biscayne, the ocean, Miami Beach, and Fisher Island. The floor-to-ceiling windows allow for ample natural light, and the high end, modern kitchen is perfect for entertaining with a large island, breakfast bar, and plenty of storage.

 

VIEW ALL IMAGES HERE or SCHEDULE A SHOWING

Highest Priced Home in Brickell - June 2018

The master suite features a stunning master bathroom, 360 glass shower, plenty of storage, dual vanities, and expansive walk-in closet with shoe shelves, folding table, drawers, and multiple cabinets.

Highest Priced Home in Brickell - June 2018

No expense has been spared in this beautiful home nestled just seconds from Point View at the end of 15th Rd. Close by our high-end shops, restaurants, markets, and more and with a 93 walk score, 77 bike score, and 85 transit score, commuting has never been easier. Those with school-age children utilize the Southside Elementary school or the Air Base elementary school, the Shenandoah middle school, and the Booker T. Washington Senior high school.

Highest Priced Home in Brickell - June 2018

If you'd like to see this beautiful penthouse up close and personal please contact my office for qualifications and to schedule a showing.

VIEW ALL IMAGES HERE

More on Brickell Real Estate

Pre-Construction Condos in Brickell

Indulgence in Real Estate - 2018's Newest Luxury Trend

Safest and Most Durable Condo Buildings in Brickell

Most Walkable Condos in Brickell

Images courtesy of local MLS for Miami-Dade

June 11, 2018

Helping Foreign Buyers and Sellers in Miami

Helping Foreign Buyers and Sellers in Miami

"I met Kenny almost 2 years ago when I first started to search the property market on Miami Beach. As a Foreign National, I knew little about the purchasing process in the USA, but with his advice and extreme patience, we are close to reaching the dream. He has always been quick to answer my questions (of which there have been many!), and even viewed properties in my absence. Would I recommend Kenny to others? I already have!" - KR

We have a lot of foreign buyers in Miami. Whether you're buying a condo on Brickell, a Miami Beach estate, or townhouse in downtown Miami, investors and foreign real estate buyers account for at least 25% of all of my business. Working with those overseas whether in the military or foreign investors means that you sometimes have to do a lot of the work without the clients. Clients need to be able to trust their Realtors in finding the right home, showing homes in their absence, and communicating sometimes all hours of the day or night.

Because this is my full-time profession and I've done it for several years, I know how to negotiate both for my foreign buyers and 24 and sellers. Having local and technical knowledge means I can help my clients make sound financial investments and find the perfect property for their needs.

If you are a foreign investor or you're considering buying property in the Miami area give me a call. Let's discuss your needs and the current options available. We can set up a conference call, Skype or live feed phone call or however you like to communicate. I want this to be easy, effortless, and definitely something you'll do again. I look forward to speaking with you at any time.

Read More:

May 25, 2018

Patient Buyer Finds Exactly What They Were Looking For

May 15, 2018

Happy Seller in Miami Beach - Home Sold in Just a Few Days

Posted in Miami Realtor
June 6, 2018

New to Homeownership? Here's What to Spend Money on

Homeownership can be exciting, especially if this is your first time owning a home. But, if you haven't maxed out your budget buying the property, you've probably set aside some money for projects and home improvement. Before you dive into spending a boatload of money, here's what you probably should be spending your money on is a new homeowner.

New to homeownership

First off, do a project inventory. Take an annual inventory of all your home projects and things you want to get done. Estimate cost of time and materials. Consider outsourcing jobs that may be beyond your comfort level and budget a little bit beyond what you think you might need.

Make a timeline of what to repair and when. Just because you have 100 things you want to do as soon as you move in, doesn't mean that you'll tackle them all at once. Understanding the age and level of operation of systems in your home can help you predict upcoming costs. For instance, if your home inspector said that your furnace has 10 years left on it, find out how much a new furnace will cost and then divide that by how many months you have left on the furnace. Put that money aside each month so that when the time comes to replace it, you have exactly how much you need.

Another trick is if your appliances are about eight years old, it will cost half as much to fix them as it will to replace them. Weigh the cost of replacement with repairs.

Make a note of any home improvements that will increase the value. Not only do you want to improve the house while you live there, but you want to create more value so that if you do go and sell the house, the home has greatly increased its value.

Know when to outsource work. Time really is money and if you make $20 an hour, it may not be worth your time to do a project yourself. Consider how much your time is worth and if you'll make more money not doing the project yourself and instead hire out.

Don't forget to negotiate. Don't just take one workers word for it; get two or three estimates on major projects so that you can save money where you can and put it into materials or other projects instead.

If you're new to homeownership these are some great tips to get you on track financially. The last thing you want is to max out your budget and not have any money for repairs. With some simple organization and planning, you can tackle projects one at a time and slowly increase the value of your home.

Posted in Miami Real Estate
May 29, 2018

Affordable Homes in Miami? Is that a thing?

Affordable Homes in Miami? Is that a thing?Yes, you can still find reasonably priced properties in Miami but they are dwindling. And, affordability is all relative, right? An affordable housing payment is typically less than 30% of your income. That could be $500 to one, $5000 to another. The Miami-Dade County's competitive housing market makes it difficult to find moderately priced homes or condominiums and with our competitive market, having a preapproval letter is no longer the end-all to being accepted. What is the key component to finding a great deal? Being ready to move in a heartbeat.

There are so many homebuyers in the $180,000-$225,000 price point that it's just making the market so competitive for first-time homebuyers. We can no longer give ourselves a few days to think about it as someone else will snatch up that property before we can even write up an offer.

HOME VALUES: Should you trust Zillow to Determine your Home's Value?

For instance, I recently listed a home for about $350,000 and in the first week, we had seven offers, most of which were over list price. While this is great for sellers, it can be a nightmare for buyers. The national shortage of single-family homes in the $200,000-$300,000 range is the tightest in our County. Investors who bought cheap after the 2008 recession have held on to these properties and use them as a rental income instead of reselling them and putting them back on the market. There's also competition from foreign buyers who pay cash, and attractive offer to many sellers.

Read More: How to REALLY Negotiate with Sellers

There are a lot of factors that constrain the system in these affordable, middle-class markets. At the beginning of 2015 there were nearly 12,000 homes on the market priced under $300,000 but today there's less than half of that. This tight and intense market coupled with limited land and supply has become a nightmare for some buyers. Our absorption rate is less than a month in some places, meaning that if no more homes hit the market as of today it would take less than a month to exhaust all listings.

There are some neighborhoods that are maintaining a median price of around $300,000. These include Miami Gardens, the Crossings condominiums, and Aventura with the median sales price of a condominium is about $302,000. This community also has a nearly 22 month supply of properties. Cash sales represented nearly 41% of all closed sales over the last few months. 54% are condo sales and 27% are single-family transactions, all done in cash. So is cash still king? You might think so with the statistics, but terms still power the offer. Cash offers might seem great but with strict inspection terms, closing dates, and other addendum's, a financed offer with easier terms seems much more attractive. [Source]

Read More: Is THIS Keeping you from finding your next home?

Bottom line: have a real estate agent that knows the areas, what you want, and is aggressive enough to go after it immediately. You have to be ready to pull the trigger when the right listing hits the market. For expert care in Miami real estate contact my office. Let's stay on top of the market where you are most interested in, so that you can get the house of your dreams at an affordable price.

Are Bidding Wars in Full Effect?

Posted in Miami Real Estate
May 25, 2018

Patient Buyer Finds Exactly What They Were Looking For

happy familySometimes jumping on the right house at the right time takes skill and determination while other times being patient and waiting for the right house to come along can take the same amount of self-control and perseverance. This was the case for Claudia and her family. They found a neighborhood in Miami Beach that they really wanted to live and yet no homes were currently available. This means that when a property hits the market, they had to be ready to go.

I first started talking with Claudia and her family about getting preapproved for a home loan. By doing this, they are setting themselves up for an immediate offer should the time come. Claudia worked with some local lenders and was approved and was issued a preapproval letter. This letter states that the buyer is approved up to a certain amount taking the guesswork off the table for any seller there submitting an offer to. Sellers know that the buyers have done their financial homework and are ready to buy this property.

We talked about freezing all spending and loan applications until after the property closed, which was quite a feat for this family since it took several months between the time they were approved to the time actually found a house.

"Thanks to Kenny we were able to patiently wait for the best house in the neighborhood that we wanted to live in. He gave us great advice and we really appreciated his honesty when it came to the whole process of buying a home. We saw many houses and he would always give us his honest opinion on each one. He did not rush us into a transaction and was always very patient answering all our questions. I have already recommended him as a realtor to friends and family, and would not doubt seeking his services in a future transaction." - Claudia

Again, sums transactions and real estate deals need a quick and immediate response while others wait patiently for the right property to hit the market. This means that not only the clients need to be ready to jump at a moments notice but that I do as well. I am monitoring the market every single day to find the right property at the right price. We were able to get in, make an offer on a home, and close within 25 days. Patience and perseverance certainly paid off for this family and I am so excited that they are finally in the home of their dreams.

Read More: Is THIS Keeping you from finding the home of your dreams?

If you're ready to find the home of your dreams, give me a call today. If there's a specific neighborhood or community that you are interested in, I can send you listings and updates as soon as they hit the market. I look forward to speaking with you today.

Read More Reviews

May 15, 2018

Happy Seller in Miami Beach - Home Sold in Just a Few Days

Happy Seller in Miami Beach - Home Sold in Just a Few DaysI love getting good reviews and honestly, the best compliment that I can receive is a referral from friends or family. Real estate is such a referral business that when I do get one I value it greatly. It means not only did I do a great job representing you, but you trust me enough to represent someone that you care about as well. That is huge to me.

It was great working with Irvine Welsh to sell their property in Miami Beach for top price in the shortest amount of time possible.

"Kenny is a no-nonsense pro who will sell your property with the maximum of haste and the minimum of fuss. He was the very first estate agent who got in touch when I put a general ad online. When we met up he was courteous and efficient and went out of his way to ascertain my needs as a potential client. I needed to get the property sold as soon as possible and as soon as interest was shown, Kenny was highly attentive to the potential buyers through forming an immediate relationship and rapport with their agents. The property was on the market only a few days before a suitable offer came along. You just can't ask for more from a realtor." [Irvine Walsh]

Thank you for allowing me to help you set up your home in Flamingo Lummus and get it sold quickly. Because I know the area, the micro markets of the communities, individual buildings, and neighborhoods, we priced the home correctly from the beginning to get the right amount of buyers in the door, and a good amount offers on the table.

Miami is a unique dichotomy of real estate because one minute it might be a hot seller's market and literally the next month it could be a buyers market. Timing the market just right and pricing it accordingly is the crucial hinge to getting a home sold quickly and for possibly over market value.

We priced Irvine's condominium very competitively and we made sure we were ready to list on the right day at the right time. Honestly, listing it on a Friday is one of the best days of the week to list a property as you can get people in for the weekend, possibly do an open house, and have offers on the table by Monday.

Now, this isn't always the case, but, when you price the home correctly and you listed on the right day, chances are depending on the market for the week, you'll get some offers or at least some showings right off the bat. Buyers are always looking for new listings because of they been looking for a while, they'll get notified immediately when a home hits the market. And you want to be that home that they fall in love with.

Again, it was great working with Irvine and getting this home sold as quickly as possible. If you're looking to sell your Miami Beach home, Brickell condominium, or any real estate in Miami, give me a call. Let's work up a strategy to listed at the right time and at the right price that you need. Call me today.

May 3, 2018

Miami's First All Vegan Food Hall in Coconut Grove

V Shops in MiamiIt seems like in today's day and age we are all jumping on some sort of food trend bandwagon. Whether it's the keto diet, Paleo, whole 30, vegetarian, or vegan, there really is a diet and a plan for everyone. Well, vegans can now rejoice! Coconut Grove is opening and all vegan food hall called V Shops.

Currently, the dining venue only has two restaurants, Choices Café, and Neo's Blender. The café is a quick service restaurant and Neo's is a smoothie bar for children. By fall, 2018, the hall will host a total of seven vegan businesses and each new vendor will be announced one month before opening to keep people guessing.

The founder of Choices Café realized there was a lack of vegan and plant-based option in our area. So, he decided to launch the vegan food hall to fill this gap in the food market service around Miami.

"With the rise of the plant-based movement, and with so many new vegan eateries popping up in Miami and beyond, I noticed that I was never able to enjoy a wide variety of choices at food hall type venues."[Source]V Shops in Miami

So, he connected with like-minded investors and operators to start Miami's first 100% vegan food hall. This place is designed with a diverse range of all amazing types of food a vegan would want to have in one place.

Across Miami, many new vegan businesses and restaurants have opened up in the last few months. Places like Chef Chloe and the Vegan Café and a new all vegan supermarket, Vegan Fine Foods is working hard to fulfill consumer demand.

Choices Café even has a door-to-door delivery in case you can't get to the shops. With dishes such as protein bowls, burgers, burritos, mac & cheese, and house-made desserts made fresh on-site, 100% gluten-free, soy free, and dairy free, there sure to attract attention.

While I may not be total begin, some of these dishes sounded amazing and I will be checking back often as vendors are added to V Shops.

2895 McFarlane Rd in Miami

Posted in Coconut Grove
April 24, 2018

2 Bedroom Condo on Brickell Key - View Condo for Sale

Let's get this condo sold. Located at 808 Brickell Key Dr., #2902 is a two bedroom and 2 1/2 bath condominium with just over 1700 ft.² of living space priced at $900,000.

2 Bedroom Condo on Brickell Key - View Condo for Sale

This home is move-in ready with some of the best views on Brickell Key. Unobstructed, gorgeous, sweeping views of the bay including the Port of Miami, Virginia Key, and South Beach.

Everything has been done and all you need is to move in. Beautiful tile floors, vacant space, granite counters in the kitchen, beautiful white cabinetry, spacious design, and walking closet with built-ins. There's marble floors in the living area and a split floor plan. A beautiful jetted tub in the master bath, and full-size washer and dryer in the laundry room.

2 Bedroom Condo on Brickell Key - View Condo for Sale

Residents have all the amenities of a five-star resort with some of the lowest homeowner association fees around. Dues are just $707 per month and cover all common area maintenance, landscaping, building and roof maintenance, billiard room, barbecue and picnic areas, business centers, exercise and fitness facilities, heated swimming pool, spa, trash chutes, most utilities and recreational facilities. Pets are allowed with a maximum of 20 pounds.

2 Bedroom Condo on Brickell Key - View Condo for Sale

This home was built in 1999 and features 40 floors for the most beautiful views around. This home comes with one car covered garage space as well as valet parking. The building has a walk score of 78, a transit score of 89, and a bike score of 75. Shops, restaurants, markets, and entertainment are all close by. Those with school-age children will utilize the Southside Elementary school, the Shenandoah middle school, and the Booker T. Washington Senior high school. The Robert Morgan Vocational Tech Institute is also assigned to this area as is the Air Base elementary school with the highest rated schools in the area. 

2 Bedroom Condo on Brickell Key - View Condo for Sale

If you're ready to see this home in person please give me a call. You can check out the entire listing on my website here for free.  786-594-3851

April 17, 2018

Offerpad and Opendoor May be the Next Big Thing in Real Estate Buying

Offerpad and Opendoor May be the Next Big Thing in Real Estate Buying

We are always looking for the easiest, most convenient, and fastest way to do things but is that really a benefit and is it really a shortcut? We all know that moving can be very time-consuming and costly and selling your home can be extremely stressful navigating brokers, negotiating and closing. Sometimes the closing date may not line up with your move-in date for a new home, which can bring on two mortgage payments or a gap that requires temporary housing.

But to technology companies are streamlining the home selling experience to make this as seamless as possible. Companies such as Opendoor and OfferPad, can make an offer on your home in a matter of hours and close within a week. This gives movers the flexibility to move into the next home when they want to.

This concept has certainly caught on and Opendoor is currently in eight markets and plans on expanding throughout 2018. They hope to have an inroad in every market in the country. Opendoor is valued at $2 billion set to close on a $200 million round of funding, adding to the $320 million venture capitalists that have already invested.

We are already seeing this with companies such as Rocket Mortgage, where a few clicks on your iPhone can get you a mortgage approval in seconds. But is this really what people want?

So how does it work?

A seller answers some questions about the condition of the home on the website and then the company uses an algorithm to assess the value of that home. Sellers can often get an offer within an hour depending on how hot the market is. If you accept the offer, the company can close the deal with an all-cash offer as quickly as a few days to a week or two. Opendoor even cleans and fixes up the home for you and sells it on their website just like any other brokerage that has real estate listings. The advantage is primarily the speed at which you can close the deal. It's also convenient as the questionnaire only takes a few minutes. Unless the homeowner misrepresents the condition of their home, the certainty that the deal will close offers little risk.

Opendoor claims that the algorithm offers a fair market price and collects about a 7% fee for facilitating the transaction. It can depend however on the condition of the home and the city.

Customers selling on these websites are paying a premium for the convenience. Sellers may also potentially leave money on the table by not accepting offers that could go above selling price from individuals.

Read More: Some Real-Life Experiences with OfferPad

Opendoor and OfferPad both claim that their model would work even if home prices fall. The whole point is the convenience, however, some skeptics think that the companies would need to charge a higher fee and sell the home as quickly as possible to make it work. Nevertheless, these companies are doing their own "flipping" even though house flipping has negative connotations. Would you buy a house if you knew that had been recently flipped from one of these companies? I guess time will tell.

Posted in Miami Real Estate
April 4, 2018

Stunning Hollywood Florida Harbor Island Home for Sale

Located at 840 Beacon Court in Hollywood Florida just minutes from downtown Miami is a beautiful new listing featuring six bedrooms, 4 1/2 bathrooms, and over 4700 ft.² of living space currently priced at $1,995,000.

Hollywood Home for Sale

This beautiful two-story pool home is nestled in Harbor Islands on a large nearly 11,000 square-foot lot. The home has custom finishes, impact windows, high ceilings, a three car garage, and a beautiful gourmet kitchen with stainless steel appliances, granite countertops, and center island. The home has a separate pool and outdoor kitchen as well as the community swimming pool, Fitness Ctr., Marina, clubhouse, tennis courts, and security.Other interior features include a spacious laundry room with lots of storage and counter space, volume ceilings in the formal living room, and eat in kitchen space, sliding doors, large windows, and cabinetry in the kitchen stretching to the ceiling. There's plenty of room for everyone in this beautiful six bedroom home. From family room to multiple kids rooms, and office space and master retreat, there's nothing missing in this stunning Hollywood home.

Stunning Hollywood Florida Harbor Island Home for Sale

Homeowner association fees are just over $1000 per month, which cover all common area maintenance and amenities. This home was originally designed and built in 2003 and sits close to the Intracoastal Waterway just minutes to the beach, shops, restaurants and more.

Stunning Hollywood Florida Harbor Island Home for Sale

Other Association perks include guard gated entrance, paved road, and security patrol. Residents are part of the Broward County public school district and are served by the Hollywood Central elementary school, the Olson middle school, and South Broward high school.

Stunning Hollywood Florida Harbor Island Home for Sale

Call me today to schedule a showing of this listing or for more details browse the listing on my website for free. I'd love to personally show you this home so schedule your private showing today.