Apartment Rentals & Sales Miami FL

I’ve been telling anyone who has asked that the bottom is here, if not already past.  Several properties I work with regularly are seeing both sales AND rental prices inch back up - I think we are headed back up!

Seeing articles like this in the Miami Herald also help bolster confidence in the reading of the real estate climate as well.

If you are on the fence… get OFF IT!  You WILL miss the chance to buy at the bottom if you are still playing the “wait and see” game.

While I’d still like my inside source with the Miami Parks & Rec to confirm this article, it does appear that Museum Park will finally be happening and the renovation & cleaning up of Bicentennial Park on Biscayne Bay is due to occur over the next 5-6 months. 

I expect this to have a serious impact on the immediate neighborhood as this project should remove all of the homeless from the park on a permanent basis making it a welcome place for all instead of a dirty and scary place few want to visit.  Additionally the Bicentennial Park stop on the MetroMover should be able to be reopened which will help bring additional traffic to the area. 

I would expect property values at Marina Blue, 900 Biscayne Bay, Ten Museum Park (it’ll finally live up to its name!), and Marquis Condo Hotel to be positively affected by this development as well as the nearly complete project at the Omni Center where a new Publix grocery will be opening.

This has been a great rental property & client for us - UPH-05 at One Miami East Condo - a wonderful all water view apartment owned outright by a responsive, local couple.  The current tenant will not be renewing their lease this year and the apartment is now available for an August 1st, 2010 move-in date.  Please contact ARMiami for more information, or click here for MLS or Postlets ad.

Here is a great New York Times article:

In Miami, Condo Sales Rise as Prices Bottom Out 

about the rise in sales here in South Florida in the Downtown Miami, South Beach, and Brickell areas.  Specifically mentioned is Icon Brickell and its current sales health.

Thanks David B for sending me this article!

Once again for the 10th year running the ULTRA Music Festival came to Downtown Miami - but this year there was an important difference.  What was that?  Ticket sales DOUBLED with an approximate box office take of $12 million!  This does not account for the additional food & drink, parking, and assorted extras nor the incredible increase in local business.

If you think Miami isn’t still one of the hottest places in the USA, let alone the world, you are mistaken - and sales pricing is beginning to reflect this once again as prices in some of the premium buildings begin to creep back up.

There was a great article in the Miami Herald today, “New Life in Downtown Miami as Condos Fill Up“, talking about the high levels of occupancy in Downtown Miami and Brickell, the increased foot traffic, jump in number of businesses including restaurants and bars, and the decreasing inventory.

While preparing to show a high floor 10 line unit at 900 Biscayne Condominium I took this video:

I like the 10 line at 900 Biscayne Condo quite a bit - this is an 1,140sq/ft N/NE facing one bedroom plus den unit.  Some of the features I like are the twin balconies (one each off the living space and bedroom), the second full bathroom, and an open kitchen facing the view.

Here is a recent photo of Marquis Condo Hotel for you to enjoy while we test our new watermarking feature.

Gorgeous shot of Downtown Miami

#2219 at One Miami West has been rented!  Contact ARMiami for more great condos at One Miami and other surrounding projects.