Sunday, October 16, 2011
Tags:   Biscayne Boulevard, Mimo, New Construction Miami, Miami



Groundbreaking at 61st Street and Biscayne Boulevard, 10,000 Sq. Ft Retail Building. 

 

Image 3

 

(from the left) David Martinez/Michele Bernstein/ Commissioner Marc Sarnoff/Lyle Chariff/Steven Perricone @ Ground breaking of 6101 Biscayne Blvd.

 

 

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Saturday, October 08, 2011
Tags:   Miami: Predios/Buildings, The Floridian, West Avenue., imoveis miami, Bay Garden Manor, The Flamingo, Miami: Neighborhoods/Bairros, imobiliaria, corretora, The Mirador, brasileira

It may not be in the super lux condos, but Real Estate in Miami Beach for less 100K is a possibility. Listings of 100K or less are popping up in searches in a fast market of cash buys in many of the old buildings in Miami Beach. Some of the them, such as the Bay Garden Manor, located on West Avenue, has passed their 40-year certification and gone through an architectural face lift which included new hurricane proof windows and fresh coat of paint. Its units are fast changing hands as old owners can no longer afford piled up bills on building assessments. Today I visited few options on West Avenue, few blocks from Lincoln Road and on the edge of  Biscayne Bay. I saw units below $100K totally renovated. Some featured bathrooms with mosaic walls and white glass tile floors. One in particular, at $97K had generous windows with 180 degrees of views of the bay overlooking the downtown skyscrapers in the distance. They are small apartments, studios or one-bedroom the most, but these are the units being swallowed up fast  by the international investors who like to come to Miami once a year to shop, eat and enjoy the city’s crystalline ocean. Off season, they are rented to students or young professionals. These units are generating about $1500 per month in rent and condo fees are lower than $500 monthly.  Some  are listed as short sale approved, others are negotiated as normal listings. Buyers should be aware that many tenants owe large amounts to the condo associations. Your real estate professional should exercise extreme diligence to unfold all details on the property, but otherwise, buyers should feel like a kid in candy bar stocked with cheap jelly beans!
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