Apartment Rentals & Sales Miami FL

Just closed in the first week of January ARMiami has worked with a buyer to purchase a REO foreclosure one bedroom condo at the Club at Brickell Bay for investment purposes.  The unit is having upgrades & renovations done in preparation for a late January or early February rental listing.  This apartment is roughly 800sq/ft with hard flooring (type to be determined) throughout and a great North facing view of Brickell & Downtown Miami with some interesting views of the Miami River, Marlins Stadium, and Biscayne Bay off the full length balcony.  Additional lighting, closet shelving, and window treatments are all part of readying this unit for a turnkey rental.

Check back soon to see the rental listing & plenty of photos and videos of the condo when it is ready!

Strange how things work out, a visiting friend asked me about The Filling Station project on the 15th and the next day the Miami Herald had this article:

 A Failed Condo or a Plot to Save Millions?

You may also remember back in May when I posted that the cranes and other machinery were pulling out.  Interesting times in Miami!

ARMiami & At Home Properties brokerage would like to congratulate Jamie Blumenfeld, PA on his closing this month of a Short Sale townhome in Pompano Beach.

Here is what my mortgage contact gave me today:

BRICKELL

Avenue on Brickell (1050/1060 Brickell Ave)

500 Brickell

Brickell on the River South Tower

Icon Brickell Tower 1

Infinity

The Ivy

DOWNTOWN

50 Biscayne

900 Biscayne

Everglades on the Bay

Marina Blue - some units

Met 1

PERFORMING ARTS 

Quantum on the Bay

NORTH BAY VILLAGE

360 Condo

A slight reduction in the asking price of the Loft Downtown 1 condo #1906 to $140,000.

Prices have been reduced on several of ARMiami’s listings:

For SALE, The Loft Downtown 1 #1906 - $149,999

For LEASE, Latitude on the River #2405, $1,500

recently lowered:For LEASE, 50 Biscayne #4611, $2,200

don’t forget about these additional listings:
For SALE, The Loft Downtown 1 #1902, $171,000
For SALE, The Loft Downtown 1 #1609, $159,000
For LEASE, One Miami West #2219, $2,200 

Check out Jamie’s first try at a video tour of the view from The Loft Downtown 1 #1902!

#1906 at The Loft Downtown 1 has now been listed with the ARMiami team, this unit is easily the nicest one bedroom in the building - we’ve seen them ALL.  Starting with the best layout - larger than standard, water view, and full size balcony - and then topping it off with a high level of finish: wood flooring, custom backsplash, built-out bedroom with French doors, custom walk-through closet, ceiling fans and much more.  Asking price is roughly 50% of original purchase price!

Great opportunity to purchase water view loft space in the heart of downtown for roughly 50% of original pricing!  Short Sale of Jamie Blumenfeld, PA’s personal unit #1902 at the Loft Downtown 1.  Unit features upgraded lighting, shelving, custom door and more.

Avenue on Brickell (1060 Brickell) developer Extell is oferring a bulk sale of 346 units at a fair discount - but will they find a buyer?  Click on the link to read a Miami Herald article about the sale:

346 Brickell Condos Offered in Bulk Sale 

While at first glance this seems to support the notion the sky is falling that the news outlets and water cooler gossip would have you believe, take a close look at the numbers cited at the end for closings in Miami - 70% rate closed and many of the buildings are still in the closing process.  This supports what I have seen in the foreclosure/short sale market, that there are still condos being bought and sold daily - units priced well are moving as cash buyers swoop in.