Monday, September 5, 2016

Four Seasons Brickell

One of the most exclusive condo towers in Brickell center is now on sale. As an investor it is an excellent opportunity to buy, as a tourist a perfect one to rent. Let yourself get the best from Brickell, a city where comfort and luxury are the main attractions. Brickell is known as the “Fifth Avenue” of Miami, since you can find a lot of foreign embassies, major banking centers, and an exciting blend of retail, office, hospitality, entertainment, and residential attractions. The Four Seasons Tower will place you on the epicenter of this exciting, international, business city.

Also, at Four Seasons Brickell you’ll find a great variety of amenities, such as: 24-hour concierge services, high-speed internet connection, personal computer in rooms, spa, access to Sports Club, two pools, and, best of all, excellent location: minutes away from malls and nightlife in Coconut Grove, South Beach, Coral Gables, and Key Biscayne.

Miami Riches offers an amazing unit at this luxurious tower, to rent or to buy. It is the lowest priced unit in the building, so you cannot let this opportunity go away! It’s a completely furnished studio apartment in this 5-star hotel. You’ll experience breathtaking views of the bay and the ocean from the 30th floor. Perfect for corporate rental or business executive. If you’re concerned about your daily foods, don’t worry, it has in-house restaurants and catering to your unit. Also, it comes with one parking space and one storage. It can be purchased for $450,000 or rented for $2,000 a month.

Look no more, you know deep down that a unit at the Four Seasons Tower is all you’ve ever wanted. Contact Miami Riches to start your investing journey and start experiencing the Florida lifestyle!



Monday, August 15, 2016

Michael Schwartz’s Gastronomic Experience

If you’re looking for an awesome place where to spend time while enjoying innovative fashion, design, architecture, and dining experiences, then Miami Design District is the answer you’re looking for. Miami Design District is an excellent destination to have the best shopping, cultural, and culinary experience: all in one place!

Visiting Miami Design District will probably make you hungry; all those restaurant smells will make you crave for a nice meal. To have the best gastronomic experience, you have to visit Michael Schwartz’s Genuine Food & Drink. Here, you’ll find a laid-back atmosphere and really delicious food. Their secret is to make food that’s homemade, unpretentious, delectable, and with great local ingredients. They look for the highest-quality products for their plates.

If you go for a Sunday brunch – which we genuinely recommend – then you’ll experience the best plates, including everything from a breakfast pizza with local farm egg and house-smoked bacon topping to playfully decadent childhood treats and lemon ricotta pancakes. It’s the perfect place to enjoy with the whole family.

Michael Schwartz has also delighted us with a second, also very delicious, restaurant located at Coconut Grove, Miami, named Harry’s Pizzeria. Enjoy the best wood-oven pizzas, plus different Italian snacks such as fried polenta, warm Brussels sprouts with Italian cheese salad, and a great variety of entrees and desserts to choose from. It’s the perfect place for an excellent family dinner or to take your date. You won’t be disappointed with the food quality, they are very cautious with its preparation, since they take so much care of the ingredients they use.

Visit Michael Schwartz’s Genuine Food & Drink and Harry’s Pizzeria for an extraordinary meal and gastronomic experience!



Tuesday, July 5, 2016

How to feel like home in your MORADA: a view from MORADA HAUTE FURNITURE BOUTIQUE


Investing on a new home means fixing it to create your dream house. Look at the empty spaces, close your eyes, and imagine which piece of furniture would achieve that desired look. Which one are you missing? Perhaps a chair, a couch, a table? Which color? Which texture? Look at the spaces around you, look at the walls, at the floor, at the textures and colors, which piece of furniture would answer to your needs?
           
Home is the most important investment you’ll ever make. Be sure that your memories, and your family’s, are being built in a beautiful place. MORADA HAUTE FURNITURE BOUTIQUE is an excellent place for you to look for the perfect piece of furniture. They’ll know what you need and they will help you look and decide which one your home needs.

MORADA’s work is so amazing because it translates from inspiration. Having traveled around the world has given its creators, Fernan Hernández and Holger Odestein, lots of experiences to get inspired by. Once you see their work, you’ll understand the fascination that these unique pieces generate. They offer the best quality artistic design to create the perfect spaces.


MORADA HAUTE FURNITURE BOUTIQUE (which means “home” in urban Spanish) is located at 3701 Biscayne Blvd., Miami Design District. FL, 33137. If you are around, don’t hesitate to visit these two artists’ own personal temple. You’ll find yourself fascinated by the store, the designs they have to offer, and especially by both artists. Get yourself inspired in Miami and feel that same inspiration when you get home and see one of these unique pieces every day. MORADA HAUTE FURNITURE BOUTIQUE is the perfect combination of luxury, elegance, and art. 






Friday, June 3, 2016

Mexican Cuisine in Icon Brickell

A Mexican hospitality group selected Miami as the site for its first U.S. outpost of Cantina La 20, because they see this magical city as the bridge between Latin and North America, with a worldly crowd who will appreciate this exciting concept.

Cantina La 20 is a luxurious Mexican restaurant located at the ground floor of Icon Brickell, where this Latin cuisine is receiving high-end treatment because of its many deeply regional, decidedly complex dishes whose origins date back thousands of years. It offers representative dishes of each state of the country, with traditional techniques and is constantly updating its menu and the chef’s recommendations.

The restaurant has a monumental bar along with one of the larges tequila and mezcal selection in town and a bar manager who creates delicious and sophisticate cocktails.

When you walk in, you see Mexican Art Deco architecture framing through its brilliant black and golden colors, and pieces of art selected from the most important craftsmen of Mexico.
We like that the staff is intricately familiar with each dish and its ingredients and they're happy to make recommendations, while being impeccably dressed, each sporting an electric-pink bow tie.


You should know that bookings are essential –especially on weekends or when dining with large groups. After you go, let us know if you liked Cantina La 20 as much as we did. 

Monday, May 2, 2016

Luxury Waterfront Residences

Whether if you are looking to buy or rent, Icon Bay is waiting for you! This luxury building is located in Downtown Biscayne Bay waterfront, just moments from Miami’s future, because there are a number of other developments coming on the horizon: the new Museum Park, the new permanent home of the Miami Art Museum, the proposed Resorts World Miami, a $3 billion, 10 million square foot casino, convention center, hotel, and more. This area is experiencing a long-term growth and now is the best time to invest on it.

Icon Bay is an exclusive 43-story concrete and glass structure with an undulating façade, inspired by the rippling waves of the bay, which reflects the artistic nature of Miami with sleek style.

All residences offer complete flow-through floor plans, breathtaking views from the floor to ceiling windows of every unit, private elevator access, spacious outdoor terraces, gourmet European kitchens and luxurious bath experience.


The sale price for a one-bedroom unit starts at $588,000. For other condos with two or three bedrooms it could go from $849,000 to $1,250,000. Rental rates start at about $2,800 for a one-bedroom, about $3,500 two-bedrooms and $4,600 three-bedrooms.




  

Friday, April 1, 2016

Rents around Midtown Miami

The cost of a condo versus a house depends on the size of the home, the property values of the neighborhood and the cost of living in the area. But typically, you'll spend less on a condo.

When living in a condo you'll pay dues to a condominium association, which will take care of most of your maintenance needs. You don't need to worry about landscaping, yard maintenance and physical labor activities like snowplowing, road maintenance, and roof repair.

People in condos tend to live in a close proximity. There are always social moments that occur throughout the day. Whether it be to take the trash out or pick up the mail, there are opportunities that one just doesn't get in a home.

If this is the kind of life that you’re looking for, there’s a pocket-sized neighborhood with broad appeal, outdoor cafes, and fine food purveyors all snuggle into an invitingly collection of streets and shops, where you can rent some fantastic condos - Midtown, you’ll be next to creative hotspots like Wynwood and Edgewater, and also perfectly positioned to experience mainland destinations like Brickell.

We gathered great opportunities for you to live here:

Unit with breathetaking views, motorized shades, tile throughout, with natural sunlight and dimmers. With great amenities - high speed internet, security, full concierge, 24 hour valet parking, 2 pools, gym, sauna, party room, convenience store/cafe and theater.

Rent: $2,800 /Month
Community: Quantum on the Bay







This home offers stainless steel appliance, quartz counter, high ceilings, floor-to-ceiling windows, exposed concrete ceilings, balcony with amazing city view. State of the art amenities, 24 hour security, concierge, fitness center, infinity pool, Jacuzzi tub, sauna, steam room and valet parking.

Rent: $1,800 /Month
Community: Four Midtown Miami Condo
Rent: $1,800 /Month
Community: Four Midtown Miami Condo







Spacious 2 bedrooms and 2.5 bathrooms condo with many upgrades, including hardwood floors, kitchen with matching island, window treatments, closets & high end lighting fixtures. Floor-to-ceiling windows and generous balcony with amazing city and bay views.

Rent: $2,800 /Month
Community: Two Midtown Miami





To keep on looking go to www.MiamiRiches.com

Sunday, March 27, 2016

Miami Tops the List of Markets with the Most Cash Buyers

By Satinder Haer

Miami real estate often steals the spotlight. Whether it’s due to being one of the hardest hit markets during the housing bust or the location of a celebrity’s newest beachfront penthouse, Miami gets its fair share of attention. Now, the city has another claim to fame. Recent data shows that Miami has the largest percentage of cash buyers out of the 51 largest major metros in the nation.

If you’re considering investing orpurchasing in Miami, use this information to make an informed decision. Understanding your market and competition is necessary due to the local nature of real estate.

Changes in Miami Real Estate

Miami’s history shows that the city is no stranger to real estate fluctuations. After the burst of the real estate bubble, Miami home prices and sales fell dramatically—many investors stopped buying homes and regular home buyers were hesitant to purchase. As a popular investor and vacation home market, the slowdown was not a surprise. However, as home sales bounced back, investors once again flocked to Miami and spurred the city’s recovery. In 2012, cash buyers made up 70 percent of the home sales in Miami. While the percentage of cash deals in Miami has dropped in the last few years, Miami is still one of the hottest cash buyer markets.

Even the government is taking interest in the astonishing number of cash deals taking place in Miami. In January 2016 the U.S. Departmentof Treasury announced that title companies handling cash deals in this market will have to reveal the name of any buyer spending more than $3 million. This new regulation will likely impact investors, especially foreign investors who cannot obtain U.S. mortgages and therefore typically make all-cash purchases.

How Miami Compares to Other Florida Metros

Florida is a hot-spot for cash buyer markets. Eight of the 10 top cashbuyer markets as of Q2 2015 were located in Florida. Miami led the way as the number one market with 55 percent cash home sales. Sarasota, Fort Myers, Daytona Beach, Tampa, Lakeland, Melbourne and Orlando followed, respectively. Orlando, which was tenth on the list of top cash buyer markets and ranked eighth of the Florida markets, had 44 percent home deals—a full 11 percent less than Miami. Despite the fact that cash deals inMiami have actually gone down from other years, Miami still leads the other cash buyer markets in Florida by a large percentage.



Implications for Buyers

Buyers who are looking at homes in Miami will need to take the large percentage of cash buyers into account. Investors who are willing to put down a lot of cash, or even purchase the property outright, may be more competitive in the Miami market. Many of the cash deals already being facilitated in Miami are likely from investors and could be your competition. On the other hand, investors who purchase high-end or luxury properties may need to consider the implications of the U.S. Treasury’s new disclosure regulation.

Regardless of which situation applies you, use this information to arm yourself before you buy your next property. Knowing the influence of cash in your market can help you make strategic investment decisions.


            

Monday, March 14, 2016

Miami Design District Restaurants

Miami’s Design District has a distinctive sense of style and poise that makes it more than just a neighborhood, it’s the pinnacle of art and luxury. However its gastronomy can’t be left behind. The best restaurants in the area bring great sensory pleasure with a whimsical interplay of flavors and textures in their food. For those with an impeccable palate, here are four standout restaurants at Design District you shouldn’t miss.
Dedicated to recreate dishes that are simple, rustic and authentic to the villages of Greece and Turkey, with an Old World style wine list that perfectly pair with the food. Gather with your family or friends to be delighted by the smell of fresh baked bread, roasted lamb, grilled fish and homemade specialties. Tripadvisor

Harry’s Pizzeria
Comfortable place, with a casual atmosphere to gather and share local and craft beers, homemade snacks, salads, specials featuring seasonal ingredients and thin-crust pizzas, cooked in the restaurant’s wood-burning oven. With floor-to-ceiling windows, rustic décor and a focal piece painting by local artists. You must experience one of the top restaurants in Miami. Tripadvisor
Through the use of green market sensibility, they serve Italian dishes that scream with flavor to impress your palate, using ingredients selected on the basis of quality, harvest maturity and farming integrity. It’s considered not just one of the best and best-looking restaurant in Miami, it’s also one of the best in America. Tripadvisor

This bakery and cafe offers cakes, pies, and pastries of unparalleled quality to satisfy your sweet tooth. It also serves delicious breakfast, lunch and mid-day snacks and pastries. Taste delicious baked goods in a cozy, country shabby chic décor. Twitter

Tuesday, February 9, 2016

The Rebirth of Little Haiti

Miami is one of the six most important cities worldwide to invest in real estate. It holds the title of the nation’s second financial capital, behind the Big Apple. The so-called Coasty Cities are cities with better prospects, great opportunities for investment and higher chances of revaluation. These areas and buildings are known as trophy assets.

Miami’s charm makes it a truly metropolitan city; within just a few blocks you can experience a change in character. You can see murals that commemorate significant events in Haitian history while a trendy emerging area is on the other side of the block. Located at the North of Miami, Little Haiti is a happy and colorful place where you won’t want to miss the opportunity to soak up in Haitian culture, experiencing its flavors, sounds and dances.

The area boasts art galleries, Haitian book and music stores and is increasingly becoming a burgeoning center of small, independent businesses of all kinds. New bike lanes make it easy to explore this recently gentrified neighborhood.

It has seen a lot of changes in the past few years as the Design District has grown, expanded and the creative class has started to call the area home. Little Haiti is slowly being transformed and may be the next big thing in Miami. This will be a good place to invest in little apartment buildings, renovate and rent them out for a long term investment.


We chose a couple of properties as examples of this growing community:

A town-home style property. All units have been updated. It features tile and granite counter-tops and 1 assigned parking spot, just for $449,000. This is a great opportunity!







A great up-and-coming location: two blocks from Biscayne Boulevard, close to Design District, Midtown and Wynwood and only minutes away from Miami Beach and downtown Miami, just for $275,700.

Wednesday, January 20, 2016

Where to invest money in 2016

Miami is one of the six most important cities worldwide to invest in real estate. It holds the title of the nation’s second financial capital, behind the Big Apple. The so-called Coasty Cities are cities with better prospects, great opportunities for investment and higher chances of revaluation. These areas and buildings are known as trophy assets.

The Miami consumer is becoming increasingly sophisticated; the design and positioning of the property are very important. What can be observed in the consumption of art, food, fashion and everything else is also increasingly sophisticated, thanks to a significant concentration of money that benefits the city.

According to Miami Diario, in 2016 you must invest in inland Florida. There was no investment made by investment funds or foreign investors, therefore, the values have plenty of room to recover. The business opportunities are in these areas. If you want to enjoy a property, it is ok to buy oceanfront, but today that is not a great investment. Today, good business lies in class B and C assets. The low-price cycle of premium products is already over, while there is still much room for class B and C to be revalued. It is a matter of strategic investment. Rent for such properties may exceed 13% and reach up to 15% net.

One of the best places for this type of investment is the Miami-Dade County. We find areas with excellent properties in them, such as:

Homestead: Growth is its watchword. More than half of its homes have increased in value over the past 10 years, yet housing remains relatively affordable in this 61,714 resident city. Sale prices over the past two years averaged just $79.42 per square foot.

Pinecrest: Its population has grown a modest 1.54% in recent years, and village leaders are thinking about expanding. A common discussion involves annexing land west of U.S. Highway 1 to help build up the small village’s tax base.

Aventura: This diverse and growing community is known for its high concentration of transplants from the Northeast, and its many high-rise condos. Buyers will find an average sale price of $227 per square foot and options for Intracoastal Waterway and Atlantic Ocean views.

Miami has matured a lot and, in doing so, has been dedicated to meeting the demands of global buyers and investors. Our hope is for lifestyle trends to continue, including emphasis on: impressive and durable designs of recognized architectural firms, interior design representing the soul of a building, the continued presence of brand buildings, and above all, a wide selection of amenities.

To find properties on sale or rent in those areas and more go to www.miamiriches.com.

Sources:

Tuesday, December 22, 2015

Miami is your Neighborhood


With its exponential growth, Miami has proven to be one of the best cities to invest and live in. Not only has there been an amazing amount of new constructions, but projects have been carried out by its own citizens to enhance life in this city.

Zyscovich Architects want to bring fun, funky bus stations to key locations around Miami. Their initial concept was a bus shelter shaped like a Big M, where the bus riders would feel comfort and convenience. These bus shelters would be stylish as well, making them adapt to the essence of each neighborhood. However, this creative idea is not standing alone; it came along a series of other winners in the Public Space Challenge.

Public Space Challenge
The purpose of this challenge is to uncover the best ideas for creating, improving or activating parks, plazas and local gathering places in Miami. The Miami Foundation came up with this yearly contest, where the number of submissions has increased in the last two years, showing its success and the interest of the citizens in improving their communities.

Everyone in the greater Miami area can participate. As a matter of fact, they accept submissions from individuals, groups, nonprofit organizations and for-profit companies, which is the case of Zyscovich Architects. This architectural firm is one of this year’s 18 winners that have shown a variety of themes. From the rejuvenation of a small, vacant plot of land (located at Jackson Memorial Hospital’s) to street poetry, you will find projects that drive long-term improvements to our city’s landscape.

Ideas for your space
Parks and public spaces are important for our residents’ physical well-being and allow connections to each other, because they represent recreational places for different activities and encounters. Their development provides the chance to diversify lifestyles, cultures and progress. That outdoor space that you use on a daily basis is yours and it can be transformed with your ideas. Improvement is what we should be aiming for and by starting these projects, Miami is not turning back. This highlights the great potential that can be exploited and the risk that comes by not investing in this growing city. Let’s hope to see those comfy Ms really soon.

Friday, October 30, 2015

Baltus House is ready to go!


With a finished construction Baltus House is waiting for you! Whether if you are looking to buy or rent this building is ready to take you in. Given that it is located in Biscayne Boulevard, it certainly offers off the hook advantages.

Being in the design district opens the door to people interested in new trends, art, innovative fashion, architecture, dining and, of course, design. The lifestyle of this district is beyond comparison and the last couple a months have been a proof of that. In between new high end stores, first quality yoga and an art exhibition concentrated in boundaries between organic elements and technology in society, it takes you to different experiences that you won’t be able to live anywhere else. Nothing shows more professionalism and an open mind than a commitment to encourage a neighborhood comprised of creative experiences. Definitely this is the place to go if you want to be intellectually and culturally stimulated in a tropical ambient.

This brand new building has several features that maximize quality of life and changes the perspective of living in a condo. The lobby and elevators show designer finishes that give a sense of a luxurious and modern home.  It has a beautiful pool, a gym and other common areas that will certainly satisfy anyone’s needs.

All of these positive aspects bring down changes to the prices that keep on rising since the preconstruction sales. Right now you’ll be able to buy or rent and like everything in life either option has its perks. The sale price for a Studio starts at $308,000. For other condos with more square footage it could go from $395,000 to $410,000 (1 Bedroom).


The rent of a Studio goes for $1,600 per month and like the sale prices it goes up with more square footage. In this case you’ll find yourself paying a maximum of $1,800 per month for an 896 sq/ft apartment with 1 bedroom, 1 bathroom and kitchen with stainless steel appliances.


The information shown above gives the picture of the benefits of living in Baltus House: the environment, the local movements, the modern feel, the fantastic common areas, the quality of the condos and others. If you find yourself wanting to be surrounded by what has been described don’t hesitate in contacting us for further information.

Wednesday, June 24, 2015

Celebrities Who Own Miami Real Estate

This is always fun…

A Miami Herald article reported that singer Phil Collins paid a whopping $33 million for a Miami Beach mansion owned by J.Lo over 10 years ago (the home changed hands between these two transactions). “The 12,150-square-foot villa at 5800 North Bay Rd. includes 200 feet of Bayfront property, a wine cellar, a summer kitchen and a pool,” according to the article published last week.

This article brings the attention to the celebrities who buy real estate in Miami whether as a primary or secondary home.  From singers to professional athletes to government officials, Miami has a certain appeal that seems to draw so many to this large metro area with a tropical feel.  Here are a few of our favorite celebrities who bought real estate Miami real estate:

celebrities-live-in-miamiPharrell Williams -- Brickell
Who doesn’t love Pharrell Williams?  With his success from The Voice and his mega hit, Happy, he has owned his 40th floor Brickell condo since 2007.  Even though he tried to sell it for $16.8 million, he pulled it off the market in 2014. Bristol Tower is a Brickell condominium built in 1993 that sits on the Bay with the most amazing amenities and even better Bay and city views. Granted Williams’s condo was a 10,000 square foot penthouse with its own private pool and every bell and whistle that is expected in such a residence, the most expensive unit sold at the Bristol Tower in the last three years was a penthouse residence on the 39th floor for a little over $3 million. Currently there are 13 listings with list prices starting in the mid-$800s and climbing to almost $6 million (FYI – the most expensive listing has been on the market for almost a year).

miami-beach-real-estateGloria Estefan – Star Island
Of course Gloria Estefan lives in Miami – how can the lead of the Miami Sound Machine live anywhere else?  Her home with husband, Emilio Estefan, is on Star Island and is worth about $20 million (she bought it for $600K in 1986). They own a second home on Star Island that is used for guests that is listed at $40 million. Star Island is one of the most exclusive neighborhoods in all of Miami-Dade County and is home only 34 total residences many of which are owned by well-known people. Listings are few and far between; in fact, Gloria Estefan’s second residence is the only listings except for a $19 million lot also listed for sale. In the last three years, five homes have sold (one of which was Rosie O’Donnell’s -- $16.5 million) with the most recent sale in 2014 selling for over $28 million. 

LeBron James – Coconut Grove
It is a sore subject but none the less, it is worth talking about simply because of the house. When LeBron James signed to play with the Heat, he bought a $9 million estate in Coconut Grove.  Now that he has gone back to Cleveland (enjoy the snow - not), his home in Crystal View is up for sale and listed for $15 million.  It finally has a pending offer after dropping the list price by $2 million.  This home is its own compound that sits on a half-acre facing Biscayne Bay.  The other homes in this small Coconut Grove neighborhood listed for sale between $1 million and almost $4 million (diagonally across from James’s home).

luxury-miami-real-estatePhil Collins – La Gorce Country Club
Phil Collins bought an absolute show stopper of Miami Beach real estate.  Built in the 1920s, this home is located in La Gorce Country Club on North Bay Road.  It sits on Biscayne Bay with the most unbelievable water views and views of the Miami skyline.  In addition to a magnificent home, it features a new dock and sea wall, a 20,000-lb boat lift, two Jet Ski lifts, 200 feet of Bayfront views, and tons of tropical and lush landscaping that surrounds a fabulous pool and outdoor kitchen. Mr. Collins and his guests must access the gated entry to enter the grounds and home (would expect nothing less).  Properties in La Gorce Country Club typically start at over $1 million and climb to almost $40 million depending on the location of the property and the home itself – currently there are 17 properties for sale. Over the last year, there have been about 12 sales in La Gorce Country Club with the sale prices ranging between about $700K and $30 million (the one Phil Collins bought).

What and Where They Buy
Celebrities come and celebrities go in Miami but it is always fun to see what and where they buy. One thing for certain is they want a nice view and pay big for it.  Whether brand new or remodeled with lots of character, if you see that one celebrity lives in a certain neighborhood, you can probably bet that there are others living around them. 




Thursday, May 21, 2015

Miami Becomes Top Metro Area in the Country with Most Renters

Back in February, there was an article in the Miami New Times about Miami having the largest percentage of residents renting their homes than any other metro area in the country – a whopping 65 percent. The article stated “according to a new report from New York University's Furman Center and Capital One Financial Corp, 65 percent of Miamians rented in 2013, slightly ahead of the 64 percent of New Yorkers who rented. For Miami, that's a 5 percent increase since 2006.”
midtown-miami-real-estate

Miami is in the midst of undergoing a major overhaul in terms of development especially in the areas surrounding the Midtown area of Miami.  In addition to the highly sought after areas of Brickell and Downtown, Midtown and the Design District have become more popular with people in search of rentals. This makes these areas more appealing to investors in search of real estate to buy as investments for rental property.

With this in mind, here are a handful of condominiums in the Design District and Midtown that present the opportunity for investors to buy units that are affordable, easy to rent and offer more potential for a good return on their investment.

midtown-miami-real-estate
IOS on the Bay, 720 North 62nd Street
Probably the most appealing attribute of IOS on the Bay is the fact that it is a boutique condominium with a total of only 43 residences comprised of 23 floor plans – never mind that it sits on the Bay.  The building itself exudes a modern design with clean and simple lines that blend perfectly with the free flow of its Biscayne Bay backdrop.  Residents can enjoy a peaceful life in one, two and three-bedroom units ranging in size from just under 700 square feet to over 1,900 square feet that offer beautiful Bay and city views. Inside each residence, owners can expect to find a very contemporary interior design with very slick kitchens with stainless steel appliances, stone counter tops and more as well as master bathrooms with glass-walled showers and pebble floors.  IOS on the Bay exudes a very evident yet understated “cool factor.”  As for list prices, they typically range anywhere from the mid to upper-$200s to upper-$600s depending on the location of the unit and the view from the expansive balcony.  Additionally, the average number of days on the market is just over 60 days (based on sales in the last six months).   As for rentals, they are snapped up fairly quickly when listed.  Recently rented units show that monthly rental rates start at about $1,600 for a one-bedroom and climb $6,500 for a three-bedroom penthouse with rooftop terrace.


midtown-miami
MIDBLOCK at Midtown, 3250 NE 1st Avenue
Featured in our blog in 2014, MIDBLOCK is a unique condominium situated in the heart of Midtown and features a mix of condominium units, lofts and townhouse residences.  Its most interesting architectural features are probably the glass rotunda around which the rest of the building stands and how the design of the units are built with a live/work dynamic which appeals to many today.  Because of its central location, Miami residents like this condominium since it is close to the other new neighborhoods of Edgewater and the posh Design District as well as Brickell and Downtown.  There are tons of amenities that rival five-star luxury condominiums from 24-hour valet and concierge to a state of the art fitness center to a rooftop terrace swimming pool that offer amazing views. List prices usually range from the mid-$300s to the upper-$500s with the average price per square foot at about $430.  Rental rates start at about $2,000 for a one-bedroom and about $2,600 two-bedrooms.  Recent rentals show that they take about 60 days to rent. 


midtown-miami
Uptown Lofts, 2275 Biscayne Boulevard
Although Uptown Lofts is now considered to be in Edgewater, it is a very popular Midtown Miami condominium with lots of character and individuality.  Located just a few blocks from the Performing Arts Center,  these residences each have two balconies, open and airy layouts and 10+ foot high ceilings – they are lofts after all! Building amenities consist of a pool with recreation deck, fitness center, covered assigned parking, storage, and more.  Buyers can choose from studios, one and two-bedroom units with list prices starting in the mid-$200s and reach $400K.    Monthly rental rates start at about $1,500 and top $3,500.  Uptown Lofts is an excellent option for investors as renters often seek out this condominium because of its eclectic appeal along with the affordability and location.


Continued Increase in Renters

The large number of condominiums makes for many options when considering renting in Miami.  With the continued increase in renters comes the increase in rental rates.  Luckily, there is a huge increase in development of condominiums in areas surrounding Midtown (i.e. Edgewater, Design District, Brickell, Downtown). 

Copyright 2012 Miami Riches. All rights reserved. 1800 SW 1st Avenue. Suite 504. Miami, FL. 33129. Tel (305) 600-3198. Fax (786) 533-3921. info@miamiriches.com