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

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.

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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.

Marc and Jennifer and Icon Brickell

Marc Anthony seems to love all the iconic elements of Miami.  First becoming an owner/partner of the Miami beloved Miami Dolphins football team and now buying in the Jorge Perez ultimate creation, the Icon Brickell. The Icon Brickell consists of three condominium towers on the Miami River.  The Icon Brickell may be experiencing financial troubles but all it takes is one visit to be won over by the charms of the spectacular Phillippe Starck design and sumptuous amenities.  Surely with the reduced prices and now the celebrity approval stamp, the Icon will see a surge in buying activity.  Get your Icon Brickell condo with an expert Brickell real estate expert.

Source: People Online

Icon Brickell Entry

Icon Brickell Lobby

The Salon and Spa at Icon Brickell

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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55 Palm Ave

$15,500,000.  12,184 sq ft, 8 bedroom, 9 full bath, 2 half bath

Unique historical restoration of original 1920′s Spanish Colonial Palm Island residence providing city tax abatement for 10 years plus a 10,000 SF modern addition.  12 foot Cathedral & coffered ceilings, Bulthaup kitchen, interior courtyard, amazing backyard w/ gazebo & pool cabana.  Gorgeous views of intercostals & MB skyline.  One of a kind master suite w/ private terr.  Enchanting guesthouse w/ plenty of rm & privacy

Spectacular Pool

Grand Staircase

94 Palm Ave

$20 Million. 14,083 sq ft, 6 bedroom, 7 full bath, 1 half bath

Truly amazing 2 story estate for those looking for perfection. Offered exquisitely furnished. Lot has 200 feet of water w/magnificent down-town views and parade of ships. Main house has 6 bedrooms 7 1/2 baths, staff quarters 1/1,guest house,plus 2 bedrooms over garage. Pool house has his and hers cabanas and gym. Magnificent pool with mosaic tile. This offering is a combination of both function and form. One of the finest properties you will ever see.

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265 N Hibiscus Ave

$8,500,000.  5,500 sq ft, 5 bedroom, 5 full bath, 2 half bath

Waterfront, contemporary masterpiece completely remodeled ’05 from scratch. Stunning 5500 SF of simplicity, beauty & serenity. An open concept design inclusive of living room, master bedroom & family room opening onto wide bay views. Custom interior furnishings by in-house Luminaire designer.

Madoff's Waterfront Mansion

Click here: Madoff’s Palm Beach home lists for $8.5 million – Real estate- msnbc.com

Madoff’s waterfront mansion in Palm Beach, Florida is on the market for $8.5 million.  Just a drip in the bucket compared to the tens of billion$ he stole from clients.

Waverly of South Beach

The Waverly of South Beach welcomes a new management company, A&P Management, after approximately 7 years with Continental.  Below is letter to the residents from the President of the Waverly of South Beach Association.

Fellow Waverly Condo Residents,

The Board of Directors has chosen A&P Management as our new property management company.   This was a difficult decision that was entered into with great care and deliberation.  We thought it would be important for you to understand the process behind this decision.

The BOD hired a consultant to provide us with alternatives to Continental Management, our previous management company.   Two other highly recommended management companies were considered in addition to Continental Management these were:

• Miami Management
• Atlantic and Pacific Management

Over the course of nine months with the assistance of our consultant, each company presented to the residents interested in participating in this process.  Thanks to your input, and the BC (Budget Committee) an RFP (Request For Proposal) with certain requirements was forwarded to each company.  This document outlined the expectations we have for The Waverly.  Essentially this was a wish list of everything we could ever want in a contract with our management company.

Some of the key points that set A&P apart from the others:

• Management will take full responsibility for the maintenance of our equipment
• Full on-line access to the accounting ledgers for all board members and an infinitely more flexible accounting package than we have now
• 30 Day out clause – with or without cause (compared to a 3 year contract demanded by others)
• Transparency in the Health Care costs for employees

The benefit of hiring the consultant came in two forms that we feel are beneficial for all unit owners.  First, we were able to recover over $100,000 from Continental Management as a result of billing errors that were discovered during the review.  Second, by choosing A&P Management we were able to reduce the yearly cost of our property management contract by $100,000!

We feel the process was fair to all parties involved and are confident that A&P Management is the right choice for the Waverly.  They were the clear choice based on their answers to the RFP questions, where they answered yes to almost every item on our ‘wish list’ – you can see it for yourself by following the link at the end of this letter.  We also felt that the presentation they provided really stood out in a highly positive way.  Lastly, we met with board members from another property in south beach that changed from Continental to A&P just about a year ago and they convinced us that they were very happy with the change.

We thank Continental Management for managing the property for the last 5 years and we look forward to a smooth transition, to which both companies have committed.

For those of you who are interested in reading the consultant’s report, I have attached a link.

Sincerely,

Peter Richter

President,
Waverly Board of Directors

RESOURCES:

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A&P Management

http://www.apmanagement.net

Link to the full RFP aka “Wish List” and Consultant’s Report

http://mywaverlysobe.com/information/docs/rfp2009.html

Live Realty – Waverly of South Beach Real Estate office.  Get the lasted information on available sales and rentals, including recent sales and rental activity.  Visit us in the Lobby of the Waverly or at http://www.liverealty.com

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