Apartment Rentals & Sales Miami FL

Thought I’d share a photo I took a few days again from The Courts on South Beach of The Yacht Club at Portofino.

It had to happen, I’ve just been getting too much interest to ignore the new, burgeoning Short Sale & Foreclosure markets. Starting this week along with our leasing specialization ARMiami is be broadening to cover short sale and foreclosure Buying & Selling. Great deals at the Mirador North and Yacht Club at Portofino were shown to clients and 1800 Club, Ten Museum Park, and Marina Blue are some of our next targets.

It’s time to buy - prices are looking to have bottomed already at some properties like Jade Condo Brickell, a 1 bed there was listed for $250k and lasted just hours before a full price cash deal took that off the market. Just a year ago the idea of a nice SoBe condo for under $250k was a pipe dream but no more - I showed multiple Mirador units that will surely go for less than that, with a little TLC and a few years these should appreciate nicely and make a great residence, vacation spot, or rental unit. At $200k for a 1br you can break even, or close to it which for most owners here in Miami is not the case at all (50% on a new condo is average).

Beautiful isn’t it (and that’s a bad picture)? This is the fully custom kitchen of a unit I rented for a short term client of mine at Yacht Club at Portofino. Great SoFi location and the building has a nice vibe to it. It is also the only luxury building that offers as short a lease as 1mo, everything else is 4-6mo minimum.