Sunday, December 30, 2007
Lincoln Road Theater on Miami Beach
On Miami Beach, there is a stretch of land .80 miles long, known as Lincoln Road Mall. It's a fabulous place to walk, eat or shop. Some of Miami's excellent restaurants can be found along this strip, and the casual stroller can find anything from clothing to jewelry to computers to incense in the wonderful shops that line Lincoln Road.
This weekend Lincoln Road Mall was packed from end to end with Miami Beach's latest visitors. The tourists are here and that became obvious by the various languages which could be heard, as people walked along the over-crowded mall, some with family members, others with lovers holding hands and chatting. The many restaurants were packed with diners.
Lots of Europeans are in Miami now, and the dollar is so low against the euro and the pound, that everything seems like bargain basement prices to Europeans who come here each winter to escape the cold European climate and enjoy the warm Miami weather and the beaches. As everyone following the real estate market in Miami knows, there are plenty of homes and condos on the market for sale these days. One thing for sure is that real estate in Miami Beach is some of the best property that money can buy.
To a European visitor looking to invest in a winter condo or home, property in Miami is quite a bargain already, and as the real estate market is heavily in favor of the buyer, great deals can be made in this present marketplace. Will this translate into more homes and condos selling this winter than in previous months? We shall soon see, so stay tuned.
Saturday, December 29, 2007
The 5 least expensive housing markets in the USA in 2007 along with average home prices were Killeen, TX $136,725, Minot, ND $139,033, Arlington, TX $139,175, Canton, OH $146,333, and Muncie, IN $150,000.
According to the National Association of Realtors, the 5 cities with the biggest drop in home prices in 2007 were Palm Bay, FL $182,400 (median price) 12.4% (price drop), Sacramento, CA $335,700 (median price)10.5% (price drop), Sarasota, FL $287,400 (median price) 10.4% (price drop), New Orleans, LA $160,200 (median price) 8.2% (price drop), and Hagerstown, MD $208,400 (median price) 8.0% (price drop).
The 5 fastest appreciating housing markets were Bismarck, ND $161,600 (median price) 15.3% increase, Salt Lake City, UT $246,700 (median price) 14.1% increase, Yakima, WA $163,200 (median price) 13.6% increase, Binghamton, NY $119,600 (median price) 11.4% increase, and Charlotte, NC $220,100 (median price) 11.0% increase.
Friday, December 28, 2007
485 W. Matheson Drive in Key Biscayne For Sale $38,500,000
One of the most beautiful contemporary homes in the Miami area is on the market for sale at an asking price of $38,500,000. Located at 485 W. Matheson Dr., this magnificent Key Biscayne property boasts approximately 500 feet of frontage, and it's own helipad. The 10,800 square foot home can accomodate a large family, with its 5 bedrooms and 6 bathrooms. Sweeping vistas of the Miami skyline enhance the beauty of this marvelous estate.
There is nothing more I like than planning for the next road trip :-)
We stayed at: Rawla Narlai
The 17th century fortress (a former hunting lodge) is right next to a gigantic granite rock
By evening, the fortress had a magical feel with light shining through multicolored window panes
It was easy to believe, specially at night, that we have travelled back in time...
Christmas celebrations with a difference! Traditional rajasthani folk singers entertained us with beautifully haunting melodies on Christmas eve
A 'kothi' (bungalow) owned by one of the princely families, now converted into a modern yet very royal home stay
Sigh, it was some trip! To be able to put up our feet and look at this view again...
Well, back to regular world and home now...and I must confess (and hope that my significant other isn't listening)...that at the end of the day, there is no place like home!
And the other things that happened while I was away:
Dec 26th: 6 whole months since I started An Indian Summer!
Dec 27th: Moi b'day! :-)
Adieu for now as I work on my post for new year's eve...
Robert Schiller, a Yale University economics professor and co-developer of the index, said, "When was the last time we had a bigger drop than this? It looks like 1941." He was speaking of the time before the Pearl Harbor bombing on December 7. "The U.S. wasn't in the war yet, but it sure looked bad. Hitler was raging in Europe. … You didn't want to be buying a house then."
Today's real estate recession is marked by almost a year's supply of homes for sale, nationwide, with many properties being discounted by lenders, builders and speculators who have become owners via the foreclosure process. Professor Schiller forcasts prices to fall an additional 5% to 7% in 2008.
Thursday, December 27, 2007
Ida M. Fisher High School on Miami Beach - 1927
Below is a list of High Schools in the Miami area:
AMERICAN 18350 NW 67TH AVENUE MIAMI, FL 33015 Ph: (305)557-3770
BARBARA GOLEMAN 14100 NW 89TH AVENUE MIAMI LAKES, FL 33018 Ph: (305)362-0676
BOOKER T. WASHINGTON 1200 NW 6TH AVENUE MIAMI, FL 33136 Ph: (305)324-8900
CORAL GABLES 450 BIRD ROAD CORAL GABLES, FL 33146 Ph: (305)443-4871
CORAL REEF 10101 SW 152 STREET MIAMI, FL 33157 Ph: (305)232-2044
DESIGN & ARCHITECTURE 4001 NE 2ND AVENUE MIAMI, FL 33137 Ph: (305)573-7135
DR MICHAEL M. KROP 1410 NE 215 TH STREET MIAMI-DADE, FL 33179 Ph: (305)652-6808
FELIX VARELA 15255 SW 96 STREET MIAMI-DADE, FL 33196 Ph: (305)752-7900
G. HOLMES BRADDOCK 3601 SW 147TH AVENUE MIAMI, FL 33185 Ph: (305)225-9729
HIALEAH 251 EAST 47 STREET HIALEAH, FL 33013 Ph: (305)822-1500
HIALEAH-MIAMI LAKES 7977 WEST 12TH AVENUE HIALEAH, FL 33014 Ph: (305)823-1330
HOMESTEAD 2351 SE 12TH AVENUE HOMESTEAD, FL 33034 Ph: (305)245-7000
JOHN A FERGUSON 15900 SW 56 STREET MIAMI-DADE, FL 33185 Ph: (305)408-2700
MARITIME & SCIENCE TECHNOLOGY ACADEMY 3979 RICKENBACKER CAUSEWAY MIAMI, FL 33149 Ph: (305)365-6278
MIAMI BEACH 2231 PRAIRIE AVENUE MIAMI BEACH, FL 33139 Ph: (305)532-4515
MIAMI CAROL CITY 3422 NW 187TH STREET OPA LOCKA, FL 33056 Ph: (305)621-5681
MIAMI CENTRAL 1781 NW 95TH STREET MIAMI, FL 33147 Ph: (305)696-4161
MIAMI CORAL PARK 8865 SW 16TH STREET MIAMI, FL 33165 Ph: (305)226-6565
MIAMI EDISON 6161 NW 5TH COURT MIAMI, FL 33127 Ph: (305)751-7337
MIAMI JACKSON 1751 NW 36TH STREET MIAMI, FL 33142 Ph: (305)634-2621
MIAMI KILLIAN 10655 SW 97TH AVENUE MIAMI-DADE, FL 33176 Ph: (305)271-3311
MIAMI LAKES EDUCATIONAL CENTER 5780 NW 158 STREET MIAMI LAKES, FL 33014 Ph: (305)557-1100
MIAMI NORLAND 1050 NW 195TH STREET MIAMI-DADE, FL 33169 Ph: (305)653-1416
MIAMI NORTHWESTERN 1100 NW 71 STREET MIAMI, FL 33150 Ph: (305)836-0991
MIAMI PALMETTO 7460 SW 118 STREET PINECREST, FL 33156 Ph: (305)235-1360
MIAMI 2450 SW 1ST STREET MIAMI, FL 33135 Ph: (305)649-9800
MIAMI SOUTHRIDGE 19355 SW 114TH AVENUE MIAMI-DADE, FL 33157 Ph: (305)238-6110
MIAMI SPRINGS 751 DOVE AVENUEMIAMI SPRINGS, FL 33166 Ph: (305)885-3585
MIAMI SUNSET 13125 SW 72ND STREET MIAMI-DADE, FL 33183 Ph: (305)385-4255
NEW WORLD SCHOOL OF THE ARTS 25 NE 2ND STREET MIAMI, FL 33132 Ph: (305)237-3135
NORTH MIAMI BEACH 1247 NE 167TH STREET NORTH MIAMI BEACH, FL 33162 Ph: (305)949-8381
NORTH MIAMI 800 NE 137TH STREET NORTH MIAMI, FL 33161 Ph: (305)891-6590
ROBERT MORGAN EDUCATIONAL CENTER 18180 SW 122 AVENUE MIAMI-DADE, FL 33177 Ph: (305)253-9920
RONALD W. REAGAN/DORAL 8600 NW 107TH AVENUE MIAMI, FL 33178 Ph: (305)805-1900Fx: (305)805-1901
DOUGLAS P. RODRIGUEZ 3 5 SCHOOL FOR ADVANCED STUDIES - NORTH 11380 NW 27 AVE - ROOM 1111 MIAMI, FL 33167 Ph: (305)237-1089
SCHOOL FOR ADVANCED STUDIES - SOUTH 11011 SW 104 STREET - PORTABLE T-706 MIAMI, FL 33176 Ph: (305)237-0510
SCHOOL FOR ADVANCED STUDIES - WOLFSON 25 NE 2ND STREET ROOM 5515 MIAMI, FL 33132 Ph: (305)237-7270
SOUTH DADE 28401 SW 167TH AVENUE MIAMI-DADE, FL 33030 Ph: (305)247-4244
SOUTH MIAMI 6856 SW 53RD STREET MIAMI-DADE, FL 33155 Ph: (305)666-5871
SOUTHWEST MIAMI 8855 SW 50TH TERRACE MIAMI-DADE, FL 33165 Ph: (305)274-0181
WESTLAND HIALEAH 4000 WEST 18TH AVENUE HIALEAH, FL 33012 Ph: (305)818-3000
WILLIAM H. TURNER TECHNICAL 10151 NW 19TH AVENUE MIAMI-DADE, FL 33147 Ph: (305)691-8324
YOUNG WOMEN'S PREPARATORY ACADEMY 1150 SW 1 STREET MIAMI, FL 33130 Ph: (305)575-1200
Thursday, December 20, 2007
23 Indian Creek Drive sold for $20,000,000
A beautiful estate home just sold on Indian Creek for $20,000,000. 23 Indian Creek Drive was listed for sale at an asking price of $23,500,000 and closed 3 days ago. The 80,000 square feet property is an urban oasis bordered by 200 feet of water in the rear, and an 18 hole golf course in the front. Indian Creek is located on Miami Beach, but is actually an incorporated city with its own police force.
Yes, this is my 101st post! It has been the most wonderful journey through the last 100 posts, and, I am already looking forward to my 200th post...in the very near future :-)
Talking of journeys, a short journey/trip is getting me all excited! Wanderlust has hit again, and Mr. Shaking Head (i.e. The bestest hubby) and I are hitting the road to Rajasthan tomorrow :-)
What I will bring back to you end of next week is a lot of images and experiences from the magical desert land of Rajasthan. Also, will bring back a lot of colors and traditions in the form of local art and craft for my home, and....for your home! :-)...Yes, I am going to get for you original craft straight from the craftsmen. These, along with other fab stuff, will be available through An Indian Summer's Bazaar!
Do I hear you asking: 'So, what's up with the bazaar?' Well, here is an quick update: I have been working on and off through last some months to get the bazaar up and running. I never realized that setting up an online shop is going to be such a major pain in all the wrong places! There are so many formalities, red tape, logistics to be figured out..that I almost gave up! But then, my knight in shining armour (aka' The bestest hubby) stepped in to help me figure this stuff out. So now, while I focus on sourcing the most exquisite goodies for the bazaar, he is helping get the bazaar operational.
I am targeting Jan 15th as the day when we 'go live' [all fingers and toes crossed. Wish me luck (pls)!]
Wednesday, December 19, 2007
One of the finest homes in Fort Lauderdale is on the market for sale at an asking price of $28,500,000, down from the $35,000,000 the owners were originally asking for this ultra luxurious estate. Sitting on a lot of 60,852 square ft., almost 1.5 acres, this wonderful home boasts 20,619 square feet of living space, including 11 bedrooms, 12 bathrooms, and 5 half baths. Check out the virtual tour of this magnificent home to view some of South Florida's most luxurious real estate. The 817 feet of waterfront around this property should accommodate even the most discriminating yacht owner. For anyone interested in in this home, call 786-344-8776 for more information.
Although it's great to see a reduction in foreclosure activity, it must be noted that foreclosures in November were still up a whopping 68% vs. November 2006, according to the same report. Hardest hit were Florida, Nevada, and Ohio which had the highest foreclosure rates among the states.
Florida recorded a 212% increase in foreclosures this November as compared to November 2006. Three medium sized California cities were among the top 10 in foreclosure filings, namely Stockton, Modesto and Merced. Stockton, located in California's Central Valley, had the highest foreclosure rate in the country with 1 foreclosure filing per every 99 households.
Tuesday, December 18, 2007
Flipping is oftentimes just good business. For example, Mr. X buys a property at a great price, with the intention of renovating the existing structure, or perhaps rebuilding on the lot. He knows that this process is not going to happen overnight. He may feel that he made a great deal, and that there is still some profit to be made from the property as it exists. He decides to put the property up for sale during the time it takes to obtain the necessary documentation (permits) to make changes to the property, because he may be thinking that there is someone out there who might want to pay more than he did, and still get a good value. He thinks that if a new buyer comes along and offers him a profit, he will forego his plans, and move on to another property.
Sunday, December 16, 2007
In the past 30 days from November 15, 2007 to December 15 2007, a total of 9 listed homes closed on Miami Beach, in the area extending from Palm and Hibiscus Islands all the way up to Bal Harbour. Of those, 2 luxury waterfront homes closed, 1 Palm Aveneue on beautiful Palm Island, for $3,695,000, and 271 N Hibiscus Drive on adjacent Hibiscus Island for a hefty $9,000,000. During the same period, a total of 83 listed condos/townhomes sold on Miami Beach ranging in price from $95,000 to $8,300,000 for a Fisher Island oceanfront condo. Of the condo/townhome closings, 13 units were sold for more than $1,000,000 each.
Just in case Moi Lady would prefer a table and a chair..
Ah! This is much better! An elevated day bed. Now, who has ever seen a tiger jump?!
And in any case, Mr. Tiger has been warned not put his dirty paw on the mattress!
Slumber in peace under the watchful eye of the lady in the Pichwai painting
Oh well! You don't think the lady could protect you from Tiger dreams? Well, here, these two metal figurines will keep you safe
Are you coming??
I will. As soon as I get rid of this blistering pair of air gherkins!
And No. I don't read Tintin! Hmmph.
All images from Taj Safaris
Thursday, December 13, 2007
$15,500,000 can buy this ultra-luxury Fisher Island home. Completely renovated with 5 bedrooms and 6 and one half bathrooms, this marvelous home boasts 8,900 square feet of living space, along with amazing direct oceanfront views, as well as views of Government Cut, and the Fisher Island golf course. Fisher Island is one of the most exclusive zip codes in America, and can be reached from Miami Beach, by taking a ferry to the island. Fisher Island has a full service marina, a private beach club and golf course, 7 restaurants, and a gourmet market. For anyone interested in in this home, call 786-344-8776 for more information.
Monday, December 10, 2007
A wonderful Palm Island lot sold recently for $3,695,000. Although there is a 3,500 square foot house sitting on the property located at 1 Palm Ave., which boasts 110 feet of waterfront on a 17,674 ft lot, it was sold for lot value. Priced at $4,495,000, it closed at $800,000 below the asking price. Palm Island is a very prestigious location on Miami Beach. Think you can't make a great deal in today's real estate market? Think again.
Julie Evans is a New York City based artist who has exhibited her work extensively around the world. Using Indian ornamentation and traditional miniature paintings as inspiration, Julie uses a Spirograph on wood panels or paper to come up with these exquisite paintings. She is a recent recipient of a Fulbright Scholarship to India and Nepal where she researched Indian miniature painting.