An appeals court decision that reversed the termination of an Edgewater condo could suspend buyouts throughout the state. Order raises concerns about the developer’s Edition Residences’ future.

15 March 2024

A recent decision by a Florida appeals court has stirred the real estate sector by challenging a condominium termination in Miami’s Edgewater, potentially affecting statewide buyouts. This ruling in favor of the Biscayne 21 condo owners, who opposed their association’s […]

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How do South Florida home prices affect prospective buyers?

23 February 2024

Despite growing costs, more individuals are purchasing homes in South Florida. According to the most recent monthly home sales report from the Miami Association of Realtors, property prices in Miami-Dade and Broward counties are currently +1% to nearly +16% higher […]

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Miami sees surge in short-term rental growth surpassing traditional condo developments

12 February 2024

In Miami’s prime real estate districts, including Downtown Miami, Brickell, Edgewater, and Miami Beach, a surge in short-term rental condos is reshaping the property landscape. A recent report from ISG World reveals that out of 15,216 units in the development […]

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Miami Beach Canopy Bridge

29 January 2024

In Miami Beach, construction of the Miami Beach Canopy Bridge, a pedestrian bridge over the MacArthur Causeway, is slated to start by summer 2024 following a delay of two years. This development is part of an agreement tied to a […]

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Baccarat Residences on a protected archaeological landmark

10 November 2023

In a landmark decision, Miami’s Historic Preservation Board designated part of the ancient indigenous village site on the Miami River as a protected archaeological landmark.  The site, located at 444 Brickell Avenue, where the discovery of native culture dating back […]

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Condo sale in October 2023 in Miami-Dade county.

3 November 2023

In October, Miami-Dade condo sales, although experiencing a slight dip, reached a respectable figure of $481M down from$548M in September and $700M in August. Last month, a total of 772 condo units were sold , compared to 809 in September […]

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Historic Miami Beach hotel owner plans 18-story tower under state’s affordable housing law

27 October 2023

The owner of Clevelander and Essex House in South Beach, Jesta Group, has filed plans for an 18-story tower in Miami Beach, permitted under Florida’s new affordable housing law, despite initial expectations for a 30-story building.  Criticized by local officials, […]

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Weekly real estate report: waterfront homes (South Miami Beach)  

23 October 2023

45 Active listings: (avg price=$22.3M ; avg price/sqft=$3,973/sqft) Least expensive: 17 closed sales in the last 6 months: (avg price=$23.8M ; avg price/sqft=$3,569/sqft) 4 properties currently under contract: (avg price=$24.450M ; avg price/sqft=$3,491/sqft)

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Real Estate prices South Florida: a relief for buyers?

20 October 2023

In September, home prices in Miami-Dade County “cool down” for the third consecutive month, providing some relief to buyers who have been waiting.  Median sales  prices for the month of September 2023 for single-family houses is  $600,000, a minor decrease […]

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