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North Beach Single Family Home Sales 2013

Tuesday, April 1st, 2014

2013 was an excellent year for sellers and buyers of single family homes in North Beach.  Property owners who had been waiting for the market to strengthen,  were able to sell their homes for a profit. The increase in prices and number of homes sold between the first and last half of 2013 is also impressive. Click on the link below to review the details and spreadsheet using data from the multiple listing service (MLS).

 

North Beach Non-Waterfront Home Sales 2013

North Beach Non-waterfront Home sales 2013In the first half of 2013, there were new homes sold in the Altos Del Mar neighborhood for over $2.6M facing Collins Avenue, and just 500 feet from the ocean. These were some extraordinary sales, but not surprising given  Altos Del Mar is the only neighborhood in Miami Beach that offers true beachfront living in a single family home. What’s most impressive however, is the difference in the average sale price of regular (not SS or REO) homes in the sought after areas of Normandy Shores, Normandy Isles, Biscayne Point & Stillwater. The average list price increased by $138,277 or 33% in 6 months, while the average sold price increased by $118,829 or 30% in the same period. Sellers negotiated only by 3-4% on average from their asking price. Pictured below is 6830 Rue Notre Dame,  a lovingly restored Art Deco Charmer in the Normandy Isle neighborhood, which sold at the highest price for a non-waterfront home at $699,000 or $336.71 per square foot. 

6830 Rue Notre Dame

The demand for waterfront homes in North Beach was just as impressive. There were 21 sales in the first half of 2013 with an average sale price of $1,074,000, while 32 homes sold in the last half with an average sale price of $1,301,047. The  list price for waterfront homes in North Beach increased by $240,801 in 6 months, while sale prices increased by $227,047 or by 20% over the same period. The link below will provide you more details of the closed sales for waterfront homes.

North Beach Waterfront Home Sales 2013

1001 N Shore Dr Pool view

The last half of 2013 have some notable sales of waterfront homes, like 1001 North  Shore Drive, which sold for just over $3 Million or $1,067.52 per square foot. Demand for homes in Normandy Shores has truly skyrocketed as this amenity rich neighborhood offers residents not just tranquility, but also a newly designed Golf Course with Clubhouse, 6 tennis courts, a beautiful playground, a soccer field, and very soon, an outdoor exercise area with state of the art gym equipment. It’s no wonder that 2014 already shows a non-waterfront home sale in Normandy Shores at $710,000. This next link will provide you with some of the current non-waterfront homes  available in North Beach as well as the sales activity for the first three months of 2014.

North Beach Homes 2014 – Non-Waterfront

250 N Shore Drive Sold for $710,000

Although buyers are paying a premium for turn key properties, it still seems there are homes available for less than $500,000 in North Beach, which is much less the average price of a home in Mid-Beach.  But with sales surpassing $700,000, those more affordably priced homes won’t last long. At the moment, there also seems to be a good amount of waterfront homes for sale, but there are very few available under $1.5 Million, especially in Normandy Shores, which feature good size homes on large lots.

North Beach Waterfront Homes 2014

 

7737 Atlantic Way master bedroom view

Given this information, if you’ve been looking for a single family residence in Miami Beach, and haven’t yet started, you may want to give us a call. With interest rates at an all time low and demand in the area increasing, procrastinating on your purchase may end up pricing you out of the market. Let’s get started!

New Pocket Park in Normandy Isle

Monday, November 18th, 2013

There are so many reasons to love living in Miami Beach. We have year-round, gorgeous weather, unlimited natural beauty, and are surrounded by beautiful sparkling water. In addition to all these perks is the recent popping-up of pocket parks. The City of Miami Beach has been developing pocket parks to increase the overall quality of life for it’s residents. Pocket parks are small lots of land that have been developed into nicely landscaped, perfectly pruned plots. These parks are designed with bench seating, paved sidewalks, and lighting – much like the newest pocket park located on the southern edge of Normandy Isle.

Trouville Esplanade Pocket Park Miami Beach   Trouville Esplanade Pocket Park Miami Beach Map

This park’s location, at the south end of Trouville Esplanade allows visitors to enjoy great south-facing views of Miami Beach as well as Miami’s beautiful downtown skyline. This park helps to beautify the community as well as provide the waterfront amenity to homes that aren’t located directly on the water. Residents no longer have to walk long distances, or even drive, to get to their nearest waterfront area or community park.

Trouville Esplanade Pocket Park Miami Beach South ViewAside from the visual benefits and convenience that we gain from having these pocket parks in our communities, they also encourage family-oriented activity. They serve as a safe place for families to spend time together and for children to play. Pocket parks also provide a safe, well-lit area for pet owners to walk their dog. The Trouville Esplanade pocket park features trash cans  and  pet stations. In addition, the bicycle racks offer cyclists an area to rest and safely park their bikes within eyesight.

Trouville Esplanade Pocket Park Miami Beach Bike RackTrouville Esplanade Pocket Park Miami Beach North

Did we mention the great marine life spotting??

stingray_edited

What would you do in a park like this? – Yoga? Morning tea? No matter your preferred activity, one thing is certain – these pocket parks are little gems just a block away from most homes in Normandy Isles.

 

Eden House – Boutique Condominium Residence – 6700 Indian Creek Drive

Tuesday, August 27th, 2013

 

By the time the Eden House had it’s official announcement party last year, more than 80% of the residences were already reserved for purchase. Originally planned by the Merco Group as Nobe Bay, the project was stalled during the economic downturn . However, in 2011, it was purchased together with the garage across the street for $21.5Million and rebirthed as the Eden House. Now that the project is finished, we took a look at this fine boutique condominium located along the intracoastal and just one block to the beach. This is one of the most exciting projects to be completed in North Beach. Needless to say, we were most enthusiastic to share the view from the rooftop terraces.

 Eden House Bay View

 

The building was designed so that most of the units face south to west, with the best views from lines 5 thru 7. From here, you’ll be looking south along Indian Creek towards South Beach, over the lush palms and beautiful estates on Allison and La Gorce Island, with Downtown Miami & Brickell as the backdrop. The view at dusk and into the evening will just be a wonderful welcome home. Practically any unit above the 8th floor will feature this amazing view, as the Peloro next door will stand at only 7 stories plus a roof top deck. Another nice line to consider is line 2 on the southeast corner with a huge wrap around terrace that’s perfect for someone seeking the full morning sun and beach views. PH2 is currently for sale, and features this beautiful rooftop deck yearning to be used for entertaining friends or for morning yoga while enjoying the cool beach breeze.

Eden House PH2 Sundeck

With only 98 residences, the Eden House has a beautiful entrance set away from the main street that welcomes you with a tranquil view towards the intracoastal over the pool. The two story lobby entrance features a wall of glass, a beautiful fireplace, and a second level library. Some other interesting features of the Eden House:

  • There are 2 loft units overlooking the pool deck on the lobby level
  • The 4th floor units feature a lanai deck with access to the meditation garden
  • Each Penthouse unit features a private rooftop deck with shade & sun areas
  • There are several cabanas for residents to use along the water’s edge, and a public walkway.
  • The gym & recreational room are located on the third floor overlooking the pool deck with inspirational views.
  • Residences available in one, two or three bedroom floor plans

Eden House Gym

 

Eden House Recreation Room

 

Eden House Pool Deck

Want more information about this exciting new North Beach condominium? You can check out more photos and details on the Eden House on our website, urbanresource.com.

Miami Beach Neighborhood Highlight: Sunset Harbour

Thursday, December 1st, 2011

Moving is a common practice in a real estate agent’s life. We’re seeing condos and single family properties on a regular basis, and often find an opportunity to purchase our next home. My last move was in 2004. It was the seventh in ten years. When I called up my moving company, the first thing they said was, “Laura, you’re moving again!?” Well, as it happened, this move was to the Sunset Harbour North Condominium. Given my track record, it’s hard to believe that I’ve been living here for seven years. But I do really feel at home in Sunset Harbour. Although there are certain amenities that have been present since day one, like the space age Publix on the Bay,  the Maurice Gibb Memorial Park and the Sunset Harbour Marina, the neighborhood is now teeming with new life. The Sunset Harbour North & South Condos were always very appealing Read more…

Welcome to Urban Resource

Wednesday, October 5th, 2011

Thank you for checking out our Real Estate site, UrbanResource.com. We’re dedicated to Real Estate sales & leasing from Coconut Grove to Bal Harbour, specializing in Miami Beach. Our site is focused on providing our readers with information about the wonderful neighborhoods that border Biscayne Bay. Just like a youngster, Read more…