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The Building Boom On Key Biscayne

May 6th, 2014 Written By

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If you follow the Key Biscayne real estate market, then you know that prices have increased dramatically over the past year.  Part of this increase in value is due to all of the new construction that is going on.  Investors all over the Key are purchasing single-family ranch style homes for land value, demolishing them and building large contemporary homes.  These new homes are pushing up the average sale price. Last week Martha Brannigan from the Miami Herald wrote an article...Continue Reading!

Two Modern Homes Hit The Market On Key Biscayne

April 17th, 2014 Written By

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Modern homes are in high demand on Key Biscayne.  Buyers are drawn to the open living spaces, high ceilings and walls of glass that a contemporary style home offers.  This type of home really embraces island living and brings the outdoors in.  Modern homes typically receive a lot of interest when they hit the market because there are so few available.  If you are interested in this type of home, you will want to check out two that just hit the...Continue Reading!

Mashta Island On Key Biscayne | 3 Homes Already Sold In 2014

April 3rd, 2014 Written By

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Mashta Island is one of the most prestigious locations on Key Biscayne.  Homes on Mashta Island have some of the best views that you can find anywhere in Miami.  The western side of the island offers direct Bayfront views and the eastern side of the island offers views of Key Biscayne's coveted Hurricane Harbor. There have already been 3 homes sold in 2014 representing a total volume of $23,150,000.  Homes on Mashta Island sell for a premium.  This year, homes traded...Continue Reading!

New Boutique Condo Building Coming To Key Biscayne

March 13th, 2014 Written By

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101 Key Biscayne is a new construction condo project located at 101 Sunrise Drive.  With  11 total units and 5 stories, this boutique building will offer the utmost in privacy.  Sizes range from 1,848 to 1,949 square feet with 2 or 3 bedrooms.  Some of the special features include 11' impact windows and doors, 10.6' ceilings, large exterior terraces, two assigned parking spaces per unit plus plug-ins for hybrid and electric golf carts (essential on Key Biscayne!). Amenities at 101 Key...Continue Reading!

Ocean Tower II | Unit 1202 Sells For $996.00/Sq. Ft.

March 5th, 2014 Written By

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When Unit 1202 came on the market at Ocean Tower II in The Ocean Club, it garnered a significant amount of interest.  This building is in high demand because it is located close to the beach and has incredible views. Unit 1202 offered 2,510 square feet of living space with 3 bedrooms, 3 baths.  It was listed for $2,450,000 and sold above asking price for $2,500,000.  The "sale price/sq. ft." was $996.00 which is the highest figure the building has seen in over 7 years!  Listing agent was Carlos Coto...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!

Values Are On The Rise At Key Colony!

December 17th, 2013 Written By

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Breaking news for residents of Key Colony, the value of your condo has risen during 2013!  The building with the highest increase in value is The Tidemark which experienced a 25% rise in the average selling price/sq. ft. between 2012 and 2013.   Other buildings saw increases of 16% to 24% over the past year which is still a great return on your investment. It is easy to see why Key Colony is in such high demand right now.  With over 40...Continue Reading!

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