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Posts Tagged ‘Normandy Shores’

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!

Normandy Shores Park Enhancements Coming Soon!

Wednesday, August 28th, 2013

City of Miami Beach proposes face-lift for North Beach neighborhood park

Positioned between the rolling green hills of the Normandy Shores Golf Course, and the wide open space of the Normandy Shores Park Tennis courts, lies a grassy little lot facing the Biscayne Bay. Currently, this lot serves as a convenient location for the existing park building but the City of Miami Beach Parks & Recreation Department plans to entirely revamp and beautify the grounds.

Included in the plans, the department has proposed to demolish the existing building, peel down the chain-link fences, and build a 1,985 sq. ft. shaded fitness shelter on the pre-existing tiled area.

The future outdoor fitness area with shade canopy will come fitted with exercise equipment, a water fountain, and nearby trash receptacle and will be surrounded by privacy-yielding Spanish Stopper trees on the east and south sides of the structure. The landscape plans include re-sodding the entire lot, and installing a row of low-lying Cocoplum shrubs along the south side border of the property. Two large, wild tamarind trees will be strategically placed on opposite ends of the park to give ample shade during all hours of the day. Four Queen Crepe Myrtles will be sprinkled throughout the lot providing a pop of passionate purple that will glow against the surrounding greenery.


Other construction will include laying a new 5 foot-wide sidewalk with a broom sweep finish that will continue from the existing sidewalk, all the way down to the sea wall. The proposed sidewalk will open up to a freshly laid 15 foot-radius semicircle concrete landing where benches with seat dividers will overlook the Biscayne Bay.

On each side of this enchanting seating area will be a thicket of reddish-purple Muhly grass and purple-flowered railroad vine at the feet of the large coconut palm trees. The vine will be tamed by the sidewalk barriers and rich brownish red mulch. To seal in all of this beauty, the plans propose installation of a 4 foot-tall black fence with smooth top rail on the north and south sides of the property, leaving clear, uninterrupted views of the sparkling Biscayne Bay.

The City of Miami Beach is currently reviewing these plans for finalization. The park’s transformation will be a complement to the other surrounding niceties such as the Normandy Shores Golf Course, the Normandy Shores tennis courts, and the Fairway Park amenities complete with basketball court, tennis courts, and a large playground. With all of the great amenities found in Normandy Shores, it’s no wonder buyers have really migrated to this neighborhood. To take a look around and see why this could be the perfect fit for you and your family, call us today at 305-403-8686.

Miami Beach Neighborhood Highlight: North Beach Homes

Sunday, October 23rd, 2011

This northern community of Miami Beach is often overlooked due to the popularity of it’s sister neighbor, South Beach, which garners much international attention and dazzle. North Beach flies just under the radar to most visitors. But to those in the know, North Beach is where to live. Read more…