Miami Riches Real Estate Blog

Thursday, March 20, 2014

Infografía Downtown Doral - Miami RealEstate

The Miami Bayfront is Booming

Miami new construction is on a roll with so many properties coming up in different parts of the city as well as the Bayfront area. Real estate professionals often say that the Miami Bayfront is booming! And what a great place to be…the Miami Bayfront features amazingly breathtaking views of Biscayne Bay, South Beach and the Miami skyline.

One of the best parts of living here is being so close to Bayfront Park. If there is not an event going on, it is just a nice place to spend some time outside getting your daily dose of Vitamin D. A really cool event coming up next weekend is the Ultra Music Festival. Over the three days – March 28-30, the world’s most famous DJ’s come together at one of the largest electronic music festivals in the world. This is a fantastic event for anyone who loves music and loves to dance with several popular Miami DJs performing.

Bayfront Park is one of the best parts of Miami. This large park features a large amphitheater and a large park and pavilion. In addition to simply enjoying the tropical landscaping, there are free yoga classes, a trapeze school, a huge playground and so much more.

Miami Bayfront Real Estate

Midtown and Downtown Miami are the closest neighborhoods around Bayfront Park. These neighborhoods are well known for their beautiful and luxury condominiums. Several of them feature residences that look over Bayfront Park and Biscayne Bay.

An up and coming neighborhood, Edgewater , is situated just north of Bayfront Park and is undergoing a major overhaul turning it from a rundown and avoided part of Miami into a neighborhood where people are beginning to flock. Developers like The Related Group see the potential in Edgewater and have begun to develop major projects along the water.

Properties Close to Bayfront Park

Whether a new condominium or one that has been around for a while, there are lots of options to living near Bayfront Park. Several are within walking distance to the park and offer lots of amenities to make living in Miami like living on vacation all the time. Here are some of the closest condominiums to Bayfront Park as well as others along the water that are worth mentioning.

One Miami. Located at 325 South Biscayne Boulevard, One Miami is a two-tower condominium with almost 900 residences. It was developed by the Related Group with help in the architectural design by Arquitectonica. Amenities include a resort-style pool, 24-hour valet and concierge, 24-hour security with gated entry, common rooms for entertaining and meetings, and so much more. There are studios, penthouses, one bedroom, two and three bedrooms ranging in size from 507 to 3208 square feet. List prices typically fall between the mid-$200s and the mid-$800s with units taking about 150 days to sell. In terms of rentals, there are always units for rent with monthly rates ranging from about $1,700 for a studio to over $3,500 for a three-bedroom unit. For those interested, there are fully furnished units as well as unfurnished available. This is an excellent option for Miami real estate investors.

50 Biscayne. This Related Group condominium sits directly across from Bayfront Park and features a very creative and unique architectural style by Sieger Suarez. Built in 2005, it is a 54-story building with 523 units all spread over the building. It offers a three-story ground floor with retail/commercial space, a state-of-the-art fitness center, large pool and so much more. Units feature continuous glass balconies, floor to ceiling windows, gourmet kitchens and more. List prices at 50 Biscayne start in the low to mid-$200s and climb to about $1 million with the average number of days on the market at about 160 days. In terms of rentals, monthly rental rates ranging from 567 to almost 2,000 square feet.

Met 1 Miami. Situated on Biscayne Bay, Met 1 is just a few short blocks from Bayfront Park (no parking issues for the Ultra Music Festival!) and faces the point where the Miami River flows into Biscayne Bay. This is a beautiful condominium with lots of character in its design. It consists of 447 residences comprised of lofts, tower suites and penthouses with one to three bedrooms. List prices for Met 1 condominium properties typically range between the low to mid-$200s and upper-$900s taking about 120 days to sell. As for rentals, monthly rates go from about $1,700 to almost $8,000 for a larger upper-floor, three-bedroom unit. There are lots amenities inside each unit as well as throughout the condominium.

Edgewater

Just north of Bayfront Park and the Midtown neighborhood is Edgewater. This up and coming neighborhood is beginning to take Miami by storm. Developers have begun to buy up land and lay the groundwork for new condominiums as well as retail and commercial space throughout the area. The Related Group has several major projects in the works that will give Edgewater its claim to fame.

Paraiso Bay. In Spanish, Paraiso means paradise and that is what Paraiso Bay is destined to be. It will be set on five acres that will include a beautiful new park designed for the public in exchange for the city allowing one of the streets to be permanently closed off. Paraiso Bay will consist of two 55-story towers housing approximately (345) one, two, three and four-bedroom units ranging in size from about 1,000 square feet to about 2,500 square feet. All of the residences have gorgeous bay views as there are only a maximum of seven units on each floor lined up across the building. While much of the building is sold out, list prices range from the upper-$300s to well over $1 million. Rentals are yet to be determined as the property is under construction.

Icon Bay. Another Related Group project under construction in Edgewater is Icon Bay. It features 40 stories with 300 units and a grand three-story lobby that will showcase the fabulous artwork that is a passion of Jorge Perez. Each floor will house only eight units consisting of one, two and three bedroom residences with bay views. Sizes range from slightly more than 900 square feet to over 1500 square feet (penthouses are over 2,000 square feet). Each residence is contemporary in its design and amenities with the common areas featuring the same unique look and tons of bells and whistles. Completion is expected in Spring 2015 with the majority of the building sold out.

A Popular Area

With so much going on in terms of Miami real estate developments in and around Bayfront Park, it is no wonder that the park is such a popular area for major events. It is events like the Ultra Music Festival that bring so many people to the area allowing them to see what Miami is all about and how fabulous it is to live here. There is no place like it and nowhere else a lot of people want to be.

Monday, March 3, 2014

Midtown Miami Real Estate – Luxury Rentals

When you say the words Midtown Miami, the first thought is that this neighborhood is in the middle of Miami. And it is. Some call it the hub while others call it the epicenter. That might be a stretch as Brickell (Miami’s Financial District) is more of the epicenter, Midtown is certainly in the center of the city. And its prime location sits perfectly surrounded by other cool Miami neighborhoods with downtown Miami just south, the Design District to the north and the majestic Biscayne Bay on the east.

Midtown is the product of a desire for residents to live in an area where there is excitement and life. One of the most appealing traits of this hip neighborhood is the walkable streets with delectable restaurants, art galleries and other interesting venues. And let’s face it…there is always a breeze coming off the Bay making it very pleasant to meander along the palm tree lined streets.

Over the past few years, Midtown has really come alive. Prior to the economic crumble, Midtown was on the verge of redevelopment but that all came to a halt. Then about three years ago, the construction restarted and the regrowth again began to happen. Developers are in building mode and have several Midtown Miami condominiums in the works. In fact, real estate surveys indicate that the 33137 zip code which encompasses Midtown, the Design District and Wynwood, is one of the most rapidly appreciating areas in the US.

Midtown Miami Attractions

Besides Biscayne Bay, there are several Midtown Miami attractions that draw residents and visitors to this urban neighbor with a small-community feel. The ability to enjoy all that Midtown has to offer including the pedestrian promenade with sculpted medians, paved sidewalks and tropical landscaping.

Midtown Miami offers outstanding shopping, art galleries and, of course, excellent restaurants and exciting nightlife. But surrounding this neighborhood are other cool and upcoming neighborhoods. Wynwood and The Design District are situated just north of Midtown and are home to some of the most eclectic art galleries and retail shops as well as really high-end shops like Cartier and Hermés that have relocated to the Design District. To the east is Edgewater, an established part of Miami that is undergoing a major revitalization.

A major attraction under development is Museum Park. This is a 29-acre waterfront park with a new Museum of Science and Space Transit Planetarium and the new Miami Art Museum under construction as well as tons of green space and gorgeous bay front views. Museum Park is Miami’s answer to NYC’s Central Park.

Renting Midtown Miami Real Estate

While Miami residents and investors are drawn to buy Midtown Miami real estate, others are very open to renting in here. There are so many options for renting in some of the most well-known condominiums from lofts to high-rise buildings.

Amenities in most of them include the obvious – valet and concierge services, resort-style outdoor pools, state of the art fitness centers, reserved parking, and more. With the newer condominiums, they are wired for today’s technology. Inside residences, owners and guests enjoy fantastic views, have stainless steel appliances and granite counter tops, and great walk-in closets.

One-bedroom units in condominiums like Bay Park Towers and Biscayne 21 start around $1,500 per month and climb to around $2,500 per month in luxury buildings like Two Midtown and Four Midtown. As for two-bedrooms and more, monthly rental rates start at about $1,900 at Charter Club, Midblock at Midtown or Cityscape while three-bedrooms start at about $3,500 at Two Midtown. On the upper end, monthly rates climb to about $10,000 for a two-bedroom and $13,000 at Paramount Bay.

Midtown rentals are ideal for those who live and work in the area as well as investors looking for solid investments. While many condominiums accommodate only long term and annual rentals, there are some that do allow short term rentals whether monthly or quarterly.

In the Middle of Everything

The Midtown neighborhood is in the middle of everything and is always a favorite area of Miami in which to live. It has tons of great characteristics like location and affordable Midtown Miami rentals but also has that cool factor that is always present when living in Miami.

Monday, February 24, 2014

Una "ciudad" dentro de Doral

Siguiendo con la expansión del mercado inmobiliario deMiami, Downtown Doral es un nuevo proyecto en desarrollo dentro de la ciudad del Doral. Situada al norte del aeropuerto de Miami, este nuevo proyecto constituye un importante aporte para el crecimiento de los suburbios de Miami. Otro de los beneficios que tiene su ubicación es que está adyacente al mundialmente famoso Blue Monster Course el resort de golf en el Doral .

Bordeando la línea entre Miami y Doral, es un área de gran importancia que sin duda pondrá esa zona del condado en el mapa. De acuerdo a Armando Codina, presidente y CEO de Flager, “Downtown Doral será una parte vital de dicho condado porque esta creando un verdadero centro que permitirá que las personas puedan vivir cerca de su trabajo, una opción que el Doral ha estado esperando desde hace tiempo".

Los planes para Downtown Doral incluyen crear espacios para tiendas, restaurantes, oficinas y más. Además, habrá cuatro acres y medio de espacios verdes, así como tres kilómetros de calles peatonales. El objetivo de Downtown Doral es dar a los residentes un acogedor ambiente de pequeña ciudad dentro de un área metropolitana . "Este no es un proyecto, se trata de una ciudad", dijo Codina en un artículo reciente.

Junto con un fuerte enfoque en las propiedades residenciales, los planos muestran espacio comercial y más de un millón de pies cuadrados de espacio para oficinas. Los desarrolladores esperan que las grandes y pequeñas empresas, minoristas y restaurantes abrirán o se reubicarán en Downtown Doral. Especialmente si estará el Centro de Gobierno Doral cerca.

Propiedad Residencial en Downtown Doral

Los desarrolladores quieren que aquellos que vivan en el centro de Doral sientan como si vivieran en un pueblo pequeño. Con calles bordeadas de árboles, aceras y un montón de espacio verde, los residentes no querrán vivir en otro sitio.

Habrá 2.840 unidades de vivienda de lujo de los cuales más de 2.100 unidades de condominio se reparten entre los ocho o nueve torres de condominios, cada uno de hasta 20 pisos junto con tres edificios de apartamentos con 454 apartamentos de alquiler y 90 casas.

El Townhomes at Downtown Doral.

Más que un “Townhouse” habrá Townhomes en Downtown Doral. Desde la cocina gourmet con gabinetes europeos personalizados, encimeras de granito, electrodomésticos de acero inoxidable certificación Energy Star y una isla de trabajo con barra americana levantada y una zona de desayuno espacioso a la baldosa de mármol en las principales zonas de la residencia, ventanas enmarcadas con mármol en toda la casa, hay mucho para disfrutar con esta comunidad.

5252 Paseo.

Los apartamentos del Downtown Doral, 5252 Paseo, cuentan con uno, dos y tres dormitorios con acabados de alta gama. Algunos de ellos incluyen una cocina gourmet con encimeras de cuarzo, electrodomésticos Bosch de acero inoxidable y gabinetes de cocina de diseño italiano. Los primeros 18 pisos albergará condominios mientras que las dos plantas superiores albergarán seis áticos en cada piso. Cada unidad se acomodaron con un espacio de estacionamiento asignado, más los áticos de recibir . Cada unidad contará con increíbles vistas del Paseo o golf.

Córdoba Apartamentos

Cuando se trata de alquiler de lujo, Córdoba superará cualquier expectativa. Los planos muestran viviendas ecológicas totalmente verdes con sistemas de alta eficiencia HVAC, ventanas de confort térmico de temperatura y control de humedad, cocinas gourmet con Energy Star electrodomésticos de acero inoxidable y gabinetes modernos, energía eficiente iluminación contemporánea y mucho más.

Servicios en Downtown Doral

Downtown Doral ofrece servicios que incluyen una hermosa piscina al aire libre estilo resort exótico con cabañas privadas, grandes parques y espacios verdes, guardia de seguridad las 24 horas en la puerta de entrada, y más. Además, el Doral Golf Resort and Spa es un gran equipamiento comunitario y es adyacente.

Precios e Inversión

General Pricing for the Townhomes is as follows (subject to change):

Floor Plan A

Price Range: $449,000 - $549,990
1,796 SF A/C Area + Garage = 2,276 Total SF

Floor Plan B

Price Range: $582,990 to $604,990
1,998 SF A/C Area + Garage = 2,504 Total SF

3^RD Floor Penthouse Option

500 SF A/C Area
152 SF Covered Terrace
525 SF open deck
Total Additional Area: 1,177 SF $75,000

3^rd FLOOR ATRIUM OPTION

638 SF A/C Area
152 SF Covered Terrace
387 SF Open Deck
Total Additional Area: 1,177 SF $100,000

As for purchasing a townhome at the Townhomes at Downtown Doral, the deposit structure is as follows:

15% at contract
10% at groundbreaking
10% at top off
Finishes / Upgrades: 75% of Total Upgrade Package or amount equal to sum 50% of total purchase

5252 Paseo. 5252 Paseo features one, two, and three-bedroom units some with dens as well as two and three-bedroom penthouses. The square footage ranges from about 750 to just over 1,900 square feet. At this point, there are over 40 units reserved.

General pricing for the condominium is as follows:

TOWER	Line #	RESIDENCE	TYPE	VIEW	SQ FT(A/C)	LIST PRICE
Paseo	02	A	3BR/2BA	Golf	1,455	$501-568K
Paseo	12	B	3BR/BA +DEN	Golf	1,577	$513-612K

Paseo	11	C	2BR/2BA	Paseo	1,195	$388-425K
Paseo	10	D	2BR/2BA +DEN	Golf	1,166	$412-476K
Paseo	04	D	2BR/2BA +DEN	Golf	1,162	$411-481K
Paseo	01	E	2BR/2BA	Paseo	1,163	$393-450K
Paseo	09	F	2BR/2BA	Paseo	1,038	$369-390K
Paseo	03	F	2BR/2BA	Paseo	1,030	$360-387K

Paseo	08	G	1BR/1BA +DEN	Golf	848	$284-319K
Paseo	07	G	1BR/1BA +DEN	Golf	848	$280-334K
Paseo	06	H	1BR/1BA	Paseo	755	$252-287K
Paseo	05	H	1BR/1BA	Paseo	755	$252-290K

Paseo	06	PH1	3BR/2BA +DEN	180°	1,927	$839K
Paseo	01	PH2	3BR/2BA +DEN	180°	1,755	$779K
Paseo	02	PH3	2BR/2BA +DEN	Golf	1,560	$630K
Paseo	04	PH3	2BR/2BA +DEN	Golf	1,557	$630K
Paseo	05	PH4	2BR/2BA	Paseo	1,168	$490K

The payment structure for 5252 Paseo is as follows:

10% Reservation

10% at Contract

20% Groundbreaking (Approximately Jul 2014)

10% Top Off (Approximately April 2015)

Balance to close (Approximately 4th Quarter 2015)

Monday, February 17, 2014

Canyon Ranch Living -- Miami Beach

When you think of living in stylish Miami Beach, you think of a lifestyle that is similar to living at a resort. You imagine the luxury and the amenities at your doorstep all the time. Well, if you live (or have vacation property) at Canyon Ranch, that is exactly the lifestyle you have.

Canyon Ranch is a Miami condominium and condo hotel that consists of three separate buildings each catering to a different type of buyer. Two of the towers (North and South Towers) are residential condominiums built in 2008 and the Center Tower, a condo-hotel remodeled in 2008 from its former owner, the Carillon Hotel. Each offers property that is ideal for full and part-time residents as well as investors who are interested in vacation rentals in Miami.

Location of Canyon Ranch

Canyon Ranch is located directly on the beach in the north end of Miami Beach. It has super easy access from the North Bay Causeway making it the ideal location for those who enjoy going to Miami as well as those heading northward along A1A towards Fort Lauderdale. Its oceanfront location is also perfect as it is slightly away from the Miami Beach crowds.

The Layout and Real Estate at Canyon Ranch

In 2008, the Carillon Hotel was fully remodeled and became the Center Tower to the new Canyon Ranch Miami Beach with two additional towers flanking the original building. With the new North and South Towers built solely as residential condominiums and the Center Tower acting as a condo-hotel, the new Canyon Ranch has become the first “healthy-living” resort and condominium community in all of Miami-Dade.

Center Tower – 6801 Collins Avenue. The Center Tower is the original hotel that was a true Miami hot spot beginning in about the mid-1950s. Inside the condo-hotel, there are 230 units. The first 10 floors The Center Tower has a total of 230 units. The first 10 floors are dedicated to 150 one and two-bedroom fully-furnished hotel suites. Inside these suites are the most luxurious accommodations that you can imagine with high-end fixtures and finishes as well as designer-quality furniture and accoutrements. Owners of one of these units can choose to live here full or part-time, put the unit in the hotel rental program or lease it at their discretion. With leasing, there is no limit to the number of times or length of stay for the hotel suites.

The other five floors (11 through 15) are home to 80 traditional condominium units. The owners have the choice of living here full or part-time or purchase as a rental investment and rent it at their will. The difference in these units is that there is a six-month minimum lease.

Residents of the Center Tower have access to a 60,000 square-foot state of the art spa and fitness center which includes the Canyon Ranch Health & Healing Center which offers preventive medicine and wellness services. Additionally, other amenities include walking and biking paths along the beach, Canyon Ranch Café, 24-hour lobby reception, seaside sun terraces with direct access to 750 feet of beautiful white sand beach, and valet and concierge.

Owners of property in the Center Tower have the ease of having everything (amenities) at their fingertips. Life in the Center Tower is like living on holiday all the time or whenever they choose to do so.

List prices in the Center Tower range from the low-$400s to well over $1 million for one and two-bedroom units. In 2013, 11 units sold in this building with sale prices from the low-$500s to over $1.1 million.

North Tower – 6899 Collins Avenue. The North Tower is comprised of only residential condominium units. It has a much more exclusive and private atmosphere than the other two buildings with its own entrance, fewer units per floor and private valet service. Inside, there are 207 units spread over 35 floors along with seven oceanfront townhomes.

Still, the North Tower, like its sister buildings, offers residents and guests access to all that the entire property has to offer in addition to its own including the Sunrise Pool that sits just steps away from the beach and the Sunset Pool located on the 6^th Floor. In addition, the Ocean Studio is located in the North Tower where residents can participate in any of the fitness classes offered (fees are part of the Condo Association Fees).

The North Tower houses one and two-bedroom units ranging in size from about 800 square feet to over 2,000 square feet as well as two and three-bedroom townhouses that are between about 2,500 square feet and almost 3,600 square feet. List prices range from the mid-$600s for a one-bedroom unit to about $5.5 million for an oceanfront townhouse. In 2013, there were 14 sales with sale prices from about $400K to well over $3 million.

South Tower – 6799 Collins Avenue. The South Tower is the other residential condominium at Canyon Ranch that is 21 stories tall with 146 units. Connected to the Center Tower via an enclosed walkway, residents have easy access to the spa and fitness center area and other areas in that building. Along with this come 24-hour security, a reception desk and valet parking.

List prices in the South Tower range from the low-$400s to over $2 million for residences ranging in size from a little over 700 square feet to over 2,000 square feet. There were 24 sales in 2013 with sale prices from the upper-$400s to over $4 million for one, two three and four-bedroom units.

Residential Features and Amenities

From the outside, the architecture is designed to complement the oceanfront background with each of the blue-glass towers. Inside, there are floor to ceiling windows with unbelievable bay, ocean and city views. The contemporary, gourmet kitchen features high-end stainless steel appliances from Miele and Sub-Zero as well as custom Italian cabinetry and granite counter tops. Bedrooms have walk-in closets and lots of space.

Canyon Ranch describes itself as a healthy living community and offers tons of amenities to expand on that idea and include a 70,000-square-foot spa, five-star cuisine, and other services that aid residents and guests in maintaining a healthy lifestyle.

Healthy Living Community

Canyon Ranch Living offers residents and guests the most luxurious accommodations combined with a healthy lifestyle. It is all about making everything work together to create an environment similar to that of a five-star spa and resort like those seen out west. Miami real estate like that at Canyon Ranch is a chance to live a wonderful life – inside and out.

Infografía - ¿Por qué invertir en inmuebles en Miami?

Thursday, January 30, 2014

Downtown Doral

As another addition to the Miami real estate market, Downtown Doral is a new mixed use project under development in Doral. Situated just north of the Miami International Airport, Downtown Doral is one of a handful of new projects underway in the Miami suburbs. Another benefit of its location is that is adjacent to the world-renowned Blue Monster Course at the Doral Golf Resort and Spa which has just gone through a major overhaul.

Bordering the Miami/Doral line, it is a massive undertaking that will definitely put that part of the county on the map. According to Armando Codina, President and CEO of Flagler, "Downtown Doral will be vital to Doral because it is creating a true city center which will allow people to live near their work, an option that Doral has been longing for.” The plans for Downtown Doral include retail, dining, office space and more. Additionally, there will be four and a half acres of green space as well as three miles of pedestrian-friendly streets. The goal of Downtown Doral is to give residents that cozy, small-town atmosphere within a large metro area and is destined to become one of the most sought after areas in all of the Miami real estate. “This is not a project, this is a city,” said Codina in a recent article.

Along with a strong focus on residential properties, plans show retail space and over one million square feet of office space, developers expect that corporations, small businesses, top retailers and restaurants will open or relocate at Downtown Doral. With the Doral Government Center close by, this is going to be an area to watch.

Residential Property at Downtown Doral

Developers want living at Downtown Doral to be like living in a small town. With tree lined streets, sidewalks and plenty of green space, residents will never want to live anywhere else.

On top of the commercial development, there will be 2,840 upscale living units of which over 2,100 condo units are spread among eight or nine condominium towers, each up to 20 stories along with three apartment buildings with 454 rental apartments and 90 townhouses.

The Townhomes at Downtown Doral. More than just a townhome, the Townhomes at Downtown Doral exude throughout the entire home. From the gourmet kitchen with European custom cabinets, granite counter tops, Energy Star certified stainless steel appliances and a work island with raised breakfast bar and a roomy breakfast area to the marble tile in the main living areas and marble framed window sills throughout the entire home, there is so much to take in with this community.

5252 Paseo. The condominiums at Downtown Doral, 5252 Paseo, feature one, two and three bedroom units with high-end finishes. Some of them include a gourmet kitchen with quartz counter tops, Bosch stainless steel appliances and designer Italian kitchen cabinets. The first 18 floors will house condominium units while the top two floors will house six penthouses on each floor. Every unit will be accommodated with one assigned parking space with the penthouses receiving two spaces. Every unit will have amazing paseo or golf views.

Cordoba Apartments. When it comes to upscale rentals, Cordoba will exceed any expectation. The plans show fully green eco-friendly homes with high efficiency HVAC systems, thermal comfort windows for temperature and humidity control, gourmet kitchens with Energy Star stainless steel appliances and modern cabinetry, energy efficient contemporary lighting and so much more.

Amenities at Downtown Doral

Downtown Doral offers beautiful amenities that include an exotic, resort style outdoor pool with private cabanas, large parks and green spaces, 24-hour security guard at the gated entrance, and more. Plus, the Doral Golf Resort and Spa is a huge community amenity and is adjacent.

Real Estate at Downtown Doral

There are different real estate options at Downtown Doral each appealing to a different buyer but accommodating all buyers and renters.

The Townhomes Real Estate. There are two main floor plans which offer several options and range in size from about 1,800 square feet to almost 2,000 square feet. The two-story townhomes have several options to accommodate buyers’ needs. Plans show a choice of two master suites, a master and two guestrooms or a master suite, guestroom, and an upstairs loft or home office.

Additionally, another option adds a third floor to have the options of a loft, family room, or large guest suite as well as a large top floor deck that accommodates an outdoor living/dining area which is perfect for living in Florida.