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Waterfront Land On Key Biscayne | Market Update

December 12th, 2013 Written By

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Land is getting snapped up on Key Biscayne as the market strengthens and investors (and end-users!) see the value in new construction homes.   Today I wanted to give you a market update of some recent waterfront properties that have sold for land value over the past few months on Key Biscayne.  Just as you see in other top Miami neighborhoods, vacant land is rare on Key Biscayne.  Therefore, many of the lots that sell for land value here have pre-existing...Continue Reading!

Featured Key Biscayne Street | Fernwood Road

December 5th, 2013 Written By

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I'm sure you know that real estate is about LOCATION!  Today I would like to highlight Fernwood Road which runs parallel to Crandon Boulevard in the center of Key Biscayne. Fernwood Road is appealing to many buyers, especially those with kids because it is located just steps from The Village Green (the best & safest park in South Florida – in my opinion), the Key Biscayne Community Center, and several small shopping centers.  Life couldn't be more comfortable or convenient when...Continue Reading!

3 Closed Sales In The Commodore Club In The Past Month

December 3rd, 2013 Written By

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The real estate market has been busy at The Commodore Club this month.  Not only have 3 units closed in the South Tower but they have also sold in a short amount of time and very close to asking price.   These units sold in less than 40 days which is well under the average for most condos on Key Biscayne which take over 100 days to sell. For those of you who are not familiar with the Commodore Club, it is...Continue Reading!

Key Biscayne Real Estate Market Analysis

October 4th, 2013 Written By

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Take a look at the charts I created below which show the real estate data from January 1, 2013 to September 16, 2013 compared to the same time period last year.  Although the overall number of sales of single family homes or condos on Key Biscayne has not increased, we have seen an increase in the total amount of volume sold on Key Biscayne.  This information is indicative of a few things.  First,  it tells us that values are on...Continue Reading!

What Can $1,000,000 Buy You On Key Biscayne?

September 30th, 2013 Written By

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I am working with some clients who are in the market for condos on Key Biscayne.  They asked me what they could buy on the Key for approximately $1,000,000.  I pulled up some of the recent closed sales for them to view and thought I would share them with you here on the blog. Here is a sample of what you can buy on Key Biscayne for $1,000,000: Casa Del Mar | 881 Ocean Drive, Unit #3D | 1,875 Sq. Ft. LA | 2 Bedrooms, 2...Continue Reading!

Key Biscayne Condos 2012 Year in Review

September 18th, 2013 Written By

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2012 was a remarkable year for the condominium market in Key Biscayne. With no new construction available, existing buildings did very well. In total, almost $270,000,000 in condo property transactions were closed during the year. Here is a summary of what sold: 281 = number of condos sold 77 = number of condos sold with prices in excess of $1M $960,594 = average condo sales price $469 = average sale price per square foot 184 = average number of Days on the Market 6% = average difference...Continue Reading!

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