Friday, May 30, 2008
Thursday, May 29, 2008
Miami Beach (South Beach) Tour
Friday, May 23, 2008
Known as the best kept secret of Goa, 'Elsewhere', dating back to 1886 has been lovingly and carefully transformed to a sumptuous but simple beach house. 'Elsewhere' is a house full of character, meant for those who appreciate the things that time does not change.
Your personal porch with a view
Small kitchenette with painted wooden shutters
Blue and white are a must in coastal decor
Who needs expensive bathroom accessories? A rope, some sticks, some nails could also do well!
Oi! It's that little birdie again! In Goa this time! Anyone who knows what is this bird called?
Tuesday, May 20, 2008
Sunset Island Home Sold For $5,700,000
This past week alone, 3 luxury homes sold in the Miami Beach area, one on Palm Island, and another on Sunset Island 2, and a third in Bal Harbour. The property located at 4 Palm Ave. on Palm Island is an 8,169 square feet home situated on a 17,603 square feet lot with 100 linear feet of bay front. The home sold for $7,900,000, amounting to $967 per square foot of interior living space
The Sunset Island home located at 1425 W. 27th St. on Miami Beach is a 6,595 square feet home, situated on a 20,000 square feet lot, with 100 linear feet of bay front. It sold for $5,700,000, amounting to $864 per square foot of interior living space. The property located at 268 Park Drive in Bal Harbour is a 6,986 square feet home, and is situated on a lot measuring 15,825 square feet, and is the only one of the 3 properties that is not a waterfront home. The home sold for $5,500,000, which amounts to $787 per square foot of interior living space.
The sales of these 3 homes are significant and demonstrate that the buyers are out there, and that they are slowly beginning to purchase homes. This was not happening in the Miami area just a few months ago, and the tourist season is over. Traditionally, the tourist season, beginning in November and “officially” ending in mid April, has been the most active time for property sales in Miami. This year things have been a little different, however, because sales were few and far between during the season, and they are slowly beginning to pick up now.
Chief Economist Lawrence Yun of the National Association of Realtors feels optimistic about the future of real estate in the US. In his mid year housing update, he spoke about a recovery and when we can expect one. He feels that the worst is over, and that the market is going to soon rebound. He expressed that the real estate market in Florida will also recover, because baby boomers are going to be retiring in the next several years, and buying up properties in the warm Miami climate. He thinks that this time now, might very well be a great time for buyers who have been waiting, to jump into the marketplace, while home prices are still bottoming out.
And many shukriya's and dhanyawad's (i.e. thank you!) to my dear friends who have been dropping in to say hello. Hello to ya all! You make my day :-)
Saturday, May 17, 2008
Miami Beach Home On North Bay Road Sold For $6,500,000
One of the most exclusive streets in Miami is North Bay Road, which stretches from 20th street to just north of 63rd St on the west side of Miami Beach. It used to be known as “millionaires row”, when homes on Miami Beach could be purchased for much less than a million dollars, and some of the priciest homes were on North Bay Road.
There are still homes on Miami Beach, which sell for well below a million dollars, but not that many. For example, today there are only 4 homes for sale in the main part of Miami Beach (South Point to just north of 63rd St.), for less than $600,000, and none for under $500,000.
Last week, a marvelous North Bay Road home, built in 1951, sold for $6,500,000, which was $1,400,000 below the asking price of $7,900,000. With 113 feet of bay front, on a 27,000 square feet lot, the property located at 6380 N. Bay Road sold for approximately $1160 per square foot of interior living space.
The fully restored Miami Beach home features open spaces, 5 bedrooms, 4 full baths, lush gardens, a Koi pond, and a pool cabana with bath. This is the second time the home was sold in the past 2 years. In 2006, it sold for the same price of $6,500,000.
Tuesday, May 13, 2008
The 7 bedroom, 8.5 bathroom home boasts a very spacious 7,117 square feet of interior living space, with 60 linear feet of bayfront. The property sold for approximately $878 per square foot of living area. The home is high tech throughout, featuring a roof top pool and a large deck, an elevator to take you from the ground floor to the pool area, numerous terraces and balconies, and a beautiful master suite with amazing views.
Will be back with more substantial eye candy as the week progresses and my mind rests. Come and meet me again this week. And 'Knock' on the comments section so that I know you visited.
Thursday, May 8, 2008
Pinetree Drive On Miami Beach Aerial View
Tuesday, May 6, 2008
Further declines in home prices are expected in Miami. The overbuilding by greedy developers with the blessings of some politicians a few years ago has a lot to do with it, as there is presently a large oversupply of condominium units in the Miami area. Many new buildings are still under construction, and the units in those condo buildings will also have to be sold. That spells high supply, low demand, which translates into prices continuing to fall, at least in the condo market.
The Florida Association of Realtors and Jack McCabe of McCabe Research recently reported that the over supply of condos and town homes in Dade County is represented by more than 24,000 condo units for sale in the Miami area. According to the report, that represents a five-year supply.
Madam Stoltz 2008 catalogue is out!
Chattai (grass floor covering)
Monday, May 5, 2008
Aventura Florida is one of Miami’s finest communities, and is home to Aventura Mall, as well as to the very private Turnberry Isle golf course. Aventura has been referred to as the Beverly Hills of Florida, because it is located very close to the ocean, and right between Miami and Fort Lauderdale, making the airports in both cities easily accessible to the frequent traveler. Many fine homes and condos can be found in the city of Aventura, which has become home to an international population. Enjoy the video tour below.
Introducing Aventura Florida
Friday, May 2, 2008
5050 North Bay Road Miami Beach Florida Sold For $13,100,000
Thursday, May 1, 2008
Windlights, Candle lights from their Accessory section
Other uniquely designed items
I am completely taken in by this gorgeous collection! I know where to head, when I next visit London :-)