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Real Estate On Key Biscayne Hits The Brakes

April 21st, 2016 Written By

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I am known for "telling it like it is" in the real estate business, and when the market isn't performing well I have no problem saying it. Thanks to the strong dollar and fewer international buyers this year, real estate on Key Biscayne has hit the brakes. Sales in both the single-family home market and the condo market have dropped by more than 50% in 2016 compared to the same time last year. There is good news however! We haven't...Continue Reading!

Single Family Home Values Rise By 9% In 2015 On Key Biscayne

October 16th, 2015 Written By

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Although the number of single family home sales has dropped slightly on Key Biscayne this year, the average "sale price per square foot" has risen by 9% ($876 in 2014 to $957 in 2015). So far in 2015, there have been 9 waterfront home sales which closed at an average sale price $6,656,000 and there have been 40 non-waterfront home sales which closed at an average sale price $2,614,000. The highest sale price on Key Biscayne to date is $10,550,000 while the...Continue Reading!

2015 First Quarter Update | Highest Sale Price

March 31st, 2015 Written By

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There have been 13 single family homes sold on Key Biscayne during the first quarter of 2015. While the average home closed for $3,500,000, the highest sale price came in at $9,100,000 for the waterfront home located at 750 South Mashta Drive.  This one of a kind modern home offered 6,011 square feet of living space on a 11,280 square foot lot with 7 bedrooms, 5.5 bathrooms and a 20 foot dock. The property was listed by Fortune. Below is a...Continue Reading!

Key Biscayne Real Estate | 2014 Year In Review

January 23rd, 2015 Written By

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It was a great year for real estate on Key Biscayne in 2014.  Overall, values increased in both the single family home market as well as the condo market.  There were a total of 299 transactions amounting to $477,160,043 in volume (compared to the previous year with 327 sales and $433,705,000 in volume).  There were 10 waterfront homes sold during 2014. New to the Key Biscayne real estate market this year were the condo sales at Oceana, Key Biscayne's newest luxury...Continue Reading!

Values On Key Biscayne Continue To Rise For Single Family Homes

October 29th, 2014 Written By

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The real estate market on Key Biscayne is on fire this year.  With so much demand for homes, prices have reached an all-time high for the island.  Homes in 2014 are selling at an average sale price per square foot of $885.00.  In 2010 the average sale price per square foot was just $576.00. We have also had more ultra-luxury home sales in 2014 than ever before.  There have been 23 homes which closed over $3,000,000 in 2014 and there are 6 currently...Continue Reading!

Townhouse Unit At Key Colony Sells For Full List Price Of $3,400,000

July 11th, 2014 Written By

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Key Colony on Key Biscayne is a unique oceanfront complex offering a luxury lifestyle with fantastic amenities. The community is made up of 4 different condo buildings, twelve tennis courts, state of the art fitness center, multiple pools, jogging path, beach access and covered assigned parking.  Because of the great location and ultimate beachfront experience, condos at Key Colony are in high demand and tend to get snapped up quickly when they come on the market. Recently, a townhouse unit at...Continue Reading!

Key Biscayne Real Estate Market Update

February 28th, 2014 Written By

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As the first two months of 2014 come to an end, I am excited to report that the number of home sales on Key Biscayne are up significantly from the same time period during 2013.  That is not the only good news, values have also increased dramatically for single family homes.  In the condo market, we have seen the number of sales decline but values rise. Single Family Homes On Key Biscayne So far during 2014 Key Biscayne has had 15 single...Continue Reading!

It Is A Seller’s Market! | Home Sells $106,000 Above Asking On Key Biscayne

February 21st, 2014 Written By

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If you are a home buyer on Key Biscayne (or anywhere in Miami for that matter), you are very aware that the market is tipped in the seller's favor.  The combination of low inventory and rising values is causing a frenzy over every new property that hits the market. The perfect example of this scenario is 211 Greenwood Drive on Key Biscayne.  This home came on the market January 10th of this year at a list price of $1,499,000.  The home...Continue Reading!

Key Biscayne Real Estate: 2013 Year In Review

January 29th, 2014 Written By

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It was an interesting year for real estate on Key Biscayne.  Overall, the number of condos and single family home sales were down from the previous year.  This was due to the fact that inventory levels were very low during 2013, fewer properties on the market results in fewer sales.  The good news is that values were up across the board.  Homes on Key Biscayne increased in value from $752.00/sq. ft. in 2012 to $862.00/sq. ft. in 2013.  And condos...Continue Reading!

Great Opportunity At Grand Bay Towers!

January 4th, 2014 Written By

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A great opportunity has hit the market at Grand Bay Towers.  As you may or may not know, large 2 bedroom condos are hard to come by not only on Key Biscayne but in all of Miami.  Unit 401 at the Grand Bay Towers offers 2,460 square feet of living space with 2 bedrooms + den and 3.5 bathrooms with an expansive terrace and tree-top views.  The unit is listed at $716.00/sq. ft. which is considerably below the price of...Continue Reading!

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