Lincoln Road, South Beach

Added Vision, Adding value to the West End of Lincoln Road. Designed by the Swiss duo of Herzog & De Meuron (Bird’s Nest, Beijing Olympic Stadium) and local landscape firm Raymond Jungles, the building is nearing completion.

Located at the intersection of Lincoln Road and Alton Road, 1111 Lincoln Road is actually an addition to the existing Sun Trust Building next door.  The location was previously a yawning surface lot.  The building will serve not only as a parking garage for the bank, but also for the west side of Lincoln Road.  1111 Lincoln will have ground level retail, a handful of residences, and a restaurant atop. It is hoped that 1111 Lincoln Road will serve as another landmark on the west side of the important street — bringing tourists and activities to that side of Miami Beach as well.

1111 Lincoln Road, South Beach

Of interest, it looks like 1111 Lincoln Road will house a Taschen Books retail store at the base of the building. According to the website, the architecture book provider will open a store that is scheduled to open in January of 2010.  This will be a great move in the part of Taschen and the developers of the building.  1111 Lincoln will serve as a landmark for architectural tourism in Miami Beach, especially when combined with the new Frank Gehry building under construction only a few blocks away (New World Symphony).   There are only ten or so of these stores in the world and only three others in the United States — many if not all designed by Philippe Starck.

Tour the property: www.1111lincolnroad.com

Some of the most exciting properties offered on or near Lincoln Road are:

1111 Lincoln Road, with only four residential units designed within the contemporary Live, Work concept.  Residences start from $2,495,000 for 2,098 sq ft.

Capri South Beach

The Capri Condo Miami Beach waterfront residence start from $495,000 for the 721 sq ft one bed, 1.5 baths and $975,000 for the 1,298 sq ft 2 bedroom, two baths. The 5-Star waterfront property is situated on 2 lushly landscaped acres of prime bay front just one block from world famous Lincoln Road.   The Capri South Beach Offers pool, Jacuzzi, fitness center, spa, 500 feet of bay walk with a private marina and boat slips up to 62 feet, 24hr security and valet parking, concierge services. Walk to famous Lincoln Road, theaters, great restaurants and South Beach.  The new boutique development, Capri South Beach, features high end kitchen with Miele/Wolfe/Subzero appliances, Poggenpohl cabinetry, travertine flooring, luxurious oversized soaking tub and glass enclosed double head rain shower.

If you are looking for just a place to hang your bikini, the Lincoln Road area offers great boutique buildings with studios (300-400 sq ft) from $100,000,  full one bedrooms from the high $100,000′s and two bedroom units from $225,000.

Dawning of a New Day

All indications are that the coming season on Miami Beach will be exciting.  Places like the Waverly South Beach has seen inventory for rental units and sales unit drop below 10%.  Try to get a seasonal rental at the Setai South Beach or the Continuum South Beach and you may be shocked that all of the best choices are booked.  Those looking for bargains will be disappointed to know that the values has increased as the ultra low priced units have all sold at an alarming rate.  The minimum price of a 2 bedrooms 2 bathrooms in the Waverly has risen by $100K since January.  It is old supply and demand routine with an element of over correction on the downside.  Those in the know, need to gather the deals now.  Why?  Most seasonal rentals have now been booked through the season which tells that the demand will grow as the season opens.  So, if your goal is to buy at a great deal within the next 12 months, then call your agent and buy now.  Surprisingly, some projects have not advertised reduced prices.  The strategy may be to keep the price high until season opens and then advertise price slashing to excite buyers.  So how will buyers know the real deals versus overpriced units dropped to still overpriced sales?  Use an experienced professional real estate agent!

Miami-Fort Lauderdale housing inventory plummets

Dawning of a New Day

The bad news is that property values have fallen across the board in 2007-2009.  The good news is that in some areas we are starting to see stabilization and in some cases a slight recovery.  Also good, is that investors can now purchase and realize positive cash flow.

Case in point:  Fort Myers vs. Miami Beach

Fort Myers:  Properties purchased in 2003 for $150k increased in value through 2006 to roughly $250k.  Those same properties now sell for about 50% to 75% less, between 50K to100K.  These prices are quite attractive for investors looking for new opportunities.  These properties rent for around $950/month which can cover mortgage, tax and maintenance expenses.  An investor may even realize some positive cash flow.

Miami Beach:  The Waverly of South Beach properties purchased in 2003 for $300k increased in value through 2006 to roughly $600k.  Earlier this year those properties sold for as little as $250k but after a few months, the low priced inventory has been absorbed.  The prices now start at around $350k for a Waverly 2/2.  There are still opportunities occasionally for units around $300k, the original 2003 prices.  For investors the cash flow analysis is not as attractive since these units rent for around $2500/month but the gain from appreciation will be greater as the properties continue to increase in value.

So what is the difference?  The difference boils down to the age old adage of location, location, location.  Miami, Miami Beach and particularly South Beach has become one the most exciting destinations in the world.  Miami, Miami Beach and South Beach have a mixture of splendid sunshine, beautiful sandy beaches and an exciting lifestyle that ticks nonstop around the clock 24 hours every day.  It is simply the place to be to live, work, play and certainly to visit.

The Capri South Beach

The Capri Miami Beach Condominium is located directly on the bay at 16 and Bay road on Miami Beach.  The Capri South Beach is a mostly undiscovered gem in the South Beach Real Estate Market offering 500 ft of Bay Front Board walk, on-site private marina and boat slips and spectacular views.  The Capri South Beach floor plans include generous 1, 2 and 3 bedroom units and available penthouses.  Endless shopping and entertainment is also right at your doorstep with the Lincoln Road Mall only a block away.  Prices start at around $500K for a 1/1.5 and around 1M for a 2/2.

Kitchen

Bathroom

View

Ocean Drive

It may seem preposterous, but with busier schedules and reduces vacations, we are forced to do more with less.  Not to worry, the fast South Beach lifestyle may be just your ticket.  Some call it South Beach, others Miami Beach and for the really REALY cool, SOBE.  Whatever you choose to call it, South Beach is one of the most exciting destinations on planet earth.  But with a seemingly endless array of activities how’s does one choose?

Lincoln Rd

One option is to fly in early Friday evening and go non-stop for 24 hrs and then recover Sunday morning on the Beach and fly out Sunday evening.  Mission Accomplished!

Here is your guide: 10 Things to Do in 24 Hours

Sunset at the Mondrain

Now you’re hooked and you will want to explore owning a piece of all this glamour.

Start here for  Miami Beach Real Estate you are sure to find  Miami Beach Condos and South Beach condos that will fit your lifestyle and be part of the action.

The Waverly of South Beach

Live Realty has done it again.  We have placed purchase offers of 3 additional units over the past week in the Waverly of South Beach.  Live Realty and Robert Fournier continue to lead sales and rental in this Miami South Beach condominium.

Waverly Pool area

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Miami Home Show

Miami Beach welcomes The Miami Home and Remodeling Show September  4th to 8th. This nationally recognized show fills the Miami Beach Convention Center with an impressive array of residential decorating, remodeling and home improvement products and services including Real Estate.

While in town come visit Live Realty in the lobby of the beautiful Waverly South Beach.

Home Design and Remodeling Show Discount and Exhibitor Coupons | SHOWS IN FLORIDA | Home Shows

Robert Fournier, Live Realty

Epic Miami FL

One of the most exciting new Miami real estate properties is The Epic and one of Miami’s hottest resident recording artist Pitbull shoot his most recent video there.

Check out Pitbull

YouTube – HOTEL ROOM SERVICE – PITBULL MUSIC VIDEO BEHIND THE SCENES WITH CREATIVE SEEN

Live Realty Miami Beach would like to introduce you to The Epic.

Epic Miami Downtown Miami,300 Biscayne Blvd Way, 33131 – Real Estate

As an epic Miami resident, you can be assured of having the very finest interior features and most luxurious hotel amenities at your fingertips. Located at the edge of the Miami River and Biscayne Bay, epic offers inspiring views in every direction. All residences have Snaidero kitchens and Miele & Subzero appliances.

Robert Fournier, Live Realty

Forbes ranks Fisher Island 33rd for most expensive zip codes in United States.

No. 33: 33109

Miami Beach, Fla.

Median Home Price: $2,484,958

Fisher Island

A three-bedroom, three-bath waterfront condo on exclusive Fisher Island, this unit features built-ins, marble floors and custom closet cabinetry. Community amenities include a heated pool, basketball courts and a child’s play area. It is listed at $2,498,000 with Island Insiders.

At Live Realty we have searched for the best opportunities available on Fisher Island and would like to present them to you.

Fisher Island

Fantastic Oceanside Villa, 2 bed, 2.5 bath, 2760 sq ft offered at $1,850,000.

Fisher Island

Breezy Village PH, water views, 3 bedroom, 3 bath, 2744 sq ft offered at $1,300,000

Fisher Island

My Choice

Tastefully Finished Oceanside Villa, 3 bedroom, 3.5 baths, 3140 sq ft  offered at $1,850,000

Fisher Island

Bayside Villa, 3 bedroom, 3 bath, 2340 sq ft offered at $1,200,000

Call us today to talk about these and other select properties.  We are also available by email info@liverealty.com

While many Miami and Miami Beach condominiums continue to struggle with maintenance delinquencies, the Waverly gains health. The magic number for Fannie Mae is a 15% delinquency rate. Many buildings approach double that figure and cannot receive institutional financing. The last reported rate at the Waverly was 18%. There are currently 31 units out of 399 total units available for sale, an incredible 7.8%. There are 13 pending sales, almost all of which are foreclosures, REO or short sales properties. These units typically have owners that are not paying the monthly maintenance fees. The delinquent maintenance fees must be settled at closing. So the good news is that the delinquency rate will fall below the 15% Fannie Mae guideline and this will allow institutional lending to return to the Waverly Condos. Additionally, the Waverly collects over $39,000 in reserves each month and maintains a 20% bad debt fund. This is really good news for the typically buyer looking to purchase a primary or second home on Miami Beach. We could see a rise in the number of closings as financing returns. There were 12 closed sales in the last 90 days ranging from 204K to 545K. Robert Fournier and George Thomas at Live Realty, Inc. Live Realty , located in the lobby of the Waverly Condominium continue to lead sales and rentals at the Waverly of South Beach.