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New Construction Homes On Key Biscayne Are In High Demand!

November 5th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Homes, Key Biscayne Market Conditions, Key Biscayne Real Estate, New Construction Homes On Key Biscayne

Key Biscayne New Construction

I’ve been approached by several people interested in purchasing something very specific on Key Biscayne.  They all seem to be searching for the same type of home.  Their requirements are: new construction, modern, high ceilings, lots of light, large closets, plenty of storage space and of course a pool.  Luckily, local and international developers are tuned in to buyer’s needs and wants, and over the past year we have seen many homes that fit this criteria being built on Key Biscayne.

Currently, there are 8 new construction homes (1 waterfront, 7 non-waterfront)  for sale on Key Biscayne.  The waterfront, new construction home is located at 755 South Mashta Drive and is one of the most impeccable and beautiful homes I have ever seen.  Below is a list of all new construction homes available for sale right now on Key Biscayne:

  • 755 South Mashta Drive | 6 Bedrooms, 6.5 Baths | 6,544 Sq. Ft. LA | List Price: $19,500,000 | Coldwell Banker
  • 465 Glendridge Road | 5 Bedrooms, 5.5 Baths | 3,600 Sq. Ft. LA | List Price: $3,700,000 |Florida Realty
  • 315 Harbor Drive | 5 Bedrooms, 6 Baths | 3,425 Sq. Ft. LA | List Price: $3,690,000 | Chatburn Serrano Realty
  • 265 Harbor Drive | 5 Bedrooms, 4.5 Baths | 3,560 Sq. Ft. LA | List Price: $3,450,000 | South Bay Realty
  • 220 Cyptress Drive | 5 Bedrooms, 5.5 Baths | 3,425 Sq. Ft. LA | List Price: $3,290,000 | South Bay Realty
  • 631 Warren Lane | 5 Bedrooms, 5.5 Baths | List Price: $3,200,000 | One Sotheby’s
  • 435 Allendale Road | 5 Bedrooms, 5.5 Baths | 3,600 Sq. Ft. LA | List Price: $3,200,000 | Sierra Realty | Lowest List Price / Sq. Ft.!
  • 325 Woodcrest Road | 6 Bedrooms, 6.6 Baths | 3,585 Sq. Ft. LA | List Price: $3,199,000 | Recall Property Group

If you have exhausted all of the new construction homes currently for sale on the MLS, I have a few non-waterfront, new construction pocket listings that I would be happy to show you.  Contact me at 305-766-7666 to schedule an appointment.

We study the numbers and track the Key Biscayne real estate market.  If you are considering buying or selling on Key Biscayne, please don’t hesitate to contact us at 305-766-7666 or send us a message here.  Key Biscayne is our life and we would love to work with you.

Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault

Written by Dominique Duque | Discussion: Leave A Comment

255 Glendridge Road Sells For Full Asking Price

November 5th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Homes, Key Biscayne Market Conditions, Key Biscayne Real Estate

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Key Biscayne real estate is in such high demand right now that it is no surprise that homes are selling for full asking price.  In fact, 1 out of every 10 homes on Key Biscayne sells for full asking price or higher!  Originally listed for $1,790,000 in April of this year, the sellers reduced their price to $1,650,000 in July and went under contract in a matter of days.  This shows the importance of pricing your home properly from the beginning!

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Details of 255 Glenridge Road, Key Biscayne:

  • 1,801 Sq. Ft. LA
  • 8,101 Sq. Ft. Lot
  • 3 Bedrooms, 2 Baths
  • Pool and 1 car garage
  • Sale Price: $1,650,000 ($916.00 psf)
  • Listed by One Sotheby’s

We study the numbers and track the Key Biscayne real estate market.  If you are considering buying or selling on Key Biscayne, please don’t hesitate to contact us at 305-766-7666 or send us a message here.  Key Biscayne is our life and we would love to work with you.

Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault

Written by Dominique Duque | Discussion: Leave A Comment

Great News For Residents! Foreclosures Are Down On Key Biscayne

October 24th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Condos, Key Biscayne Homes, Key Biscayne Real Estate

Foreclosure

Key Biscayne is seeing a slowdown in the number of foreclosures hitting the market.  There have been 7 foreclosure properties sold so far in 2013 (all were condos) compared to 19 during the same period of 2012 (18 condos/1 single family home).  This is a trend we are experiencing across Miami-Dade County.  With values on the rise, we are seeing fewer and fewer homeowners defaulting on their loans.

Details of foreclosures sold on Key Biscayne during 2013:

  1. 600 Grapetree Drive, Unit 3BS | Mar Azul | Sale Price: $1,145,000
  2. 161 Crandon Boulevard, Unit 211 | Key Colony | Sale Price: $605,000
  3. 1121 Crandon Boulevard, Unit F905 | Towers of Key Biscayne | Sale Price: $401,000
  4. 150 Ocean Lane Drive, Unit 5B | Island Breakers | Sale Price: $330,000
  5. 575 Crandon Boulevard, Unit 510 | Key Biscayne Ambassador | Sale Price: $$301,200
  6. 100 Sunrise Drive, Unit 11 | Sunrise Club | Sale Price: $236,500
  7. 100 Sunrise Drive, Unit 16 | Sunrise Club | Sale Price: $104,900

There are currently no active foreclosures (condos or single family homes) on the market on Key Biscayne.

We study the numbers and track the Key Biscayne market.  If you are considering buying or selling on Key Biscayne, please contact us directly at 305-766-7666 or send us a message here.  We would love the opportunity to work with you.
Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault
We study the numbers and track the Key Biscayne market.  If you are considering buying or selling on Key Biscayne, please contact us directly at 305-766-7666 or send us a message here.  We would love the opportunity to work with you.
Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault

– See more at: http://unlockkeybiscayne.com/#sthash.VEy0YDOg.dpuf

Written by Dominique Duque | Discussion: Leave A Comment

Beautiful New Construction Home On Hampton Lane, Key Biscayne!

October 21st, 2013 Written By Dominique Duque


Categorized under Key Biscayne Homes, Key Biscayne Market Conditions, Key Biscayne Real Estate

252 Hampton Lane

Last week I showed a gorgeous 6 bedroom 6 bathroom, recently updated home on Hampton Lane to some clients of mine.  From the minute we walked in the door at 252 Hampton Lane, we fell in love with the modern style, high ceilings and bright living spaces.  This property is unique because although it was built in 2007, the owner has added some spectacular updates and finishing touches which helps it stand out from other new construction homes on Key Biscayne.  The home is also located on a rare 11,000 square foot lot (most lot sizes on Hampton Lane range from 7,200 to 8,500 square feet).

252 Hampton 2

Demand for this type of home is high, there have already been 3 closed sales of new construction homes on Hampton Lane this year!

Details of 252 Hampton Lane, Key Biscayne:

  • 6 Bedrooms, 6 Baths
  • 4,493 Square Feet Of Living Space
  • 11,000 Square Foot Lot
  • Brokers: Great Properties International and Fortune International Realty.
  • List Price: $3,890,000
We study the numbers and track the Key Biscayne market.  If you are considering buying or selling on Key Biscayne, please contact us directly at 305-766-7666 or send us a message here.  We would love the opportunity to work with you.
Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault

Written by Dominique Duque | Discussion: Leave A Comment

Prices Are On The Rise At The Commodore Club!

October 17th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Condos, Key Biscayne Real Estate

Commodore Club Photo

Great news for residents of The Commodore Club!  There has been an increase of almost $100/square foot in values compared to the same time period last year.  These figures are part of a trend of increasing values in the Key Biscayne condo market.  Our market is changing on a daily basis as new sales come across the wire.  If you are interested in learning more about the value of your Key Biscayne condo or home, please feel free to give us a call.  We would be happy to provide you with a no pressure valuation.

Commodore Club Chart

The Commodore Club is located at the north end of the Village of Key Biscayne and bordered to the north by Crandon Park.  It is comprised of 3 separate buildings which were built in 1971, 1973 and 1974.  Each building has its own association and its own pool.

There are currently 11 condos for sale at The Commodore Club on Key Biscayne.  They range in price from $459,000 to $2,000,000.  If you are interested learning more about these condos, or any property on Key Biscayne please don’t hesitate to contact us.

Don’t Miss Today’s News From Our Other Real Estate Blogs!
The Real Estate Coconut
Brickell Condo Blog
Coral Gables Real Estate Vault 
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Written by Dominique Duque | Discussion: Leave A Comment

Spotted In The Islander News!

October 9th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Real Estate

Don’t miss our ad in this week’s Islander News….

The Islander JPG

We study the numbers and track the Key Biscayne market.  If you are considering buying or selling on Key Biscayne, please contact us directly at 305-766-7666 or send us a message here.  We would love the opportunity to work with you.

Written by Dominique Duque | Discussion: Leave A Comment

Average Days On The Market Is Down On Key Biscayne!

October 8th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Real Estate

Below you will find my Key Biscayne market update for the month of September. 

Good news for sellers, homes are selling 51% faster than they did just a year ago!

We study the numbers and track the Key Biscayne market.  If you are considering buying or selling on Key Biscayne, please contact us directly at 305-766-7666 or send us a message here.  We would love the opportunity to work with you.

Written by Dominique Duque | Discussion: Leave A Comment

Relocating To Key Biscayne? Let Us Give You A Tour

October 6th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Real Estate

Key Biscayne Waterfront Homes

Over the weekend we gave some out-of-town clients the grand tour of Key Biscayne which included a boat ride through the canals of Key Biscayne’s waterfront property.   We snapped this picture of one of the many spectacular homes we saw along the way.

If you are thinking about moving to Key Biscayne, we would love to show you around the island.  We can be reached anytime at 305-766-7666 or by sending us a message here.

Written by Dominique Duque | Discussion: Leave A Comment

Key Biscayne Real Estate Market Analysis

October 4th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Homes, Key Biscayne Market Conditions, Key Biscayne Real Estate, Realtors In Key Biscayne

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 the rise.  Since we have virtually the same amount of properties selling but a higher volume, we know that 2013 homes have sold for higher prices.  Second, since the numbers of sales have remained stable, it also tells us that the higher prices are not deterring buyers.

Key Biscayne Chart 1

Key Biscayne Chart 2

 Key Biscayne Chart 3

Key Biscayne real estate is my life.   If you are interested in buying or selling on Key Biscayne, I would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-766-7666 or you can send me a message here.

Written by Dominique Duque | Discussion: Leave A Comment

Key Biscayne Real Estate From Above

September 30th, 2013 Written By Dominique Duque


Categorized under Key Biscayne Real Estate

Key Biscayne Aerial Shot

Our photographer did an incredible job capturing the beauty of Key Biscayne in this aerial shot.  In one glance, you can see why Key Biscayne is so desirable to buyers across the globe.  It is a true oasis set apart from the hustle and bustle of Miami!

Key Biscayne is my life.  If you are interested in buying or selling on Key Biscayne, I would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-766-7666 or you can send me a message here.

Written by Dominique Duque | Discussion: Leave A Comment

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