Miami - Articles

Cities With the Most Foreclosures

ZillowFlorida is still the state with the highest rate of foreclosures, such as this one for sale in Port St. Lucie. Bank repossessions of homes are at their lowest level since July 2007. But foreclosures rose 4 percent from February to March as 117,485 U.S. properties were foreclosed last month, according to a new... Continue Reading »

Marco Rubio Didn't Mention His Miami Home Is for Sale

By Laura Vecsey As the Republicans' chosen rebutter to President Barack Obama's State of the Union address Tuesday night, U.S. Sen. Marco Rubio of Florida referenced how he grew up the son of immigrants in Miami, a neighborhood where Rubio still lives. What Rubio did not mention is that the West Miami house where he and... Continue Reading »

Yankees' Alex Rodriguez Lists Miami Home for $38 Million

It was only in 2010 that New York Yankees star third baseman Alex Rodriguez bought his Miami palace, but he's already reported as trying to unload it. A-Rod's Miami manse is on the market for $38 million, according to New York's Daily News. He built the home for $24 million when he was dating Cameron Diaz, but before... Continue Reading »

Home Values Build for 3rd Consecutive Month

By Lauren Riefflin Zillow's May Real Estate Market Reports, released today, show national home values rose for the third month in a row, climbing 0.5 percent from April to May to a Zillow Home Value Index of $148,100. The good news continues at the local level as well: Of the 166 metropolitan areas covered by Zillow, 86... Continue Reading »

Former NYPD Officer Accused in $4.7 Million Real Estate Scam

A former police sergeant and a New York attorney are being charged with stealing $4.7 million from investors using an elaborate real estate scam. James Monahan, who worked for the New York Police Department from 1994 to 2005, and Edward Adams of Obermayer & Adams in Manhattan, claimed to be building a condominium... Continue Reading »

Talk About House Porn! 'Deep Throat' Home for Sale

Fans went wild when the infamous "Home Alone" house hit the market, and a similar reaction arose when, years later, "The Hunger Games" town went up for sale. But we're suspecting that these same audiences won't be quite as excited at the news that the home featured in cult 1972 adult film, "Deep Throat," is the latest... Continue Reading »

House of the Day: Bali-Style Modern on Miami Beach

This 5,500-square-foot beach beauty in picture-perfect Miami Beach, Fla., boasts over a hundred feet of staggering water views. The property features massive, floor-to-ceiling windows that illuminate the entire home with light, soaring ceilings and an open floor plan -- which collectively create a relaxed and sun-filled... Continue Reading »

Serena and Venus Williams' Home Addition Revealed

Serena and Venus Williams have recently completed a two-story addition to replace a one-story wing on their massive Palm Beach Gardens, Fla., estate that they share. The 4,000-square-foot structure, which sits to the left of their circular drive by the gated entry, houses their training facility, says area real estate... Continue Reading »

Buy Shawn Marion's Home, Get Super Bowl Tix

If you buy NBA star Shawn Marion's Coconut Grove, Fla., luxury townhouse "as is" for its $2 million asking price, and close by 5 p.m. December 31, the Dallas Mavericks player will provide you with roundtrip private jet service for four to his new home town, plus four Club Level tickets to the Feb. 6 Super Bowl at Cowboys... Continue Reading »

Miami's Most Expensive Home Lists for $32.5M

The most expensive existing waterfront home listing in Miami-Dade County is a $32.5 million, 16,000-square-foot mansion on Indian Creek Island, a private community where Supermodel Adriana Lima and her basketball-playing husband Marko Jaric purchased last year. The price of the resale breaks the record of the $32 million... Continue Reading »

Housing Market Forecast: Recovery's Hot, Cold Spots

Everyone wants to know how quickly their house price will recover, now that we appear to be at or near the bottom of house prices. New data suggests that U.S. house prices will go up an average of 3.1 percent a year between now and 2020 -- but not everywhere. Moody's Analytics came to the conclusion using data regarding... Continue Reading »

HGTV's David Bromstad: Making a 'Color Splash' by Breaking Some Rules, Keeping It Simple

He skyrocketed to fame on HGTV, thanks to his win on the first season of the network's "Design Star" series. Since then David Bromstad has become a household name thanks to his work on HGTV's "Color Splash" and national appearances on morning shows. Bromstad encourages everyone to paint, regardless of the rules. For... Continue Reading »

South Miami Home for Sale, 4BR in Mint Condition for $650K

This place is a looker and in one of Miami-Dade County's most desirable neighborhoods, South Miami. The recent upsurge in nightlife and restaurants in the area's downtown has made it a mecca for the business/entrepreneurial set who like their options for places to dine, sip a few cocktails and go out on the town. It's a... Continue Reading »

Fisher Island, Fla. Condo for $1.5M

Who doesn't want to live on a tropical island? Surrounded by beach, sun and waves to swim in, it's the perfect getaway from the world. Fisher Island in the Miami, Fla. area offers that, along with seclusion and the chance to say you live on an isle that once belonged to the Vanderbilts. The $1.5 million condo for sale at... Continue Reading »

Miami House for Sale: West Kendall Oasis in the Trees, $950K

I don't necessarily want to live in a treehouse, but I'd like to get close to the feeling of it. The house for sale at 9737 SW 98th St. in Miami, Fla. does just that on an acre of property with soaring oaks throughout. The 3,396-square-foot home has enough trees around it to support a few more hammocks beside the one... Continue Reading »

Miami's Viceroy Uses Celebrity Chefs to Sell Condo Units

The Food Network has catapulted chef celebrity to new heights. So much so, it seems, that they are delving into other realms. Take rocker-chef Guy Fieri who now hosts a show on network television that has nothing to do with food. Miami condo developers are taking this a step further. The folks at the upscale Viceroy... Continue Reading »

Miami Heat's Dwyane Wade Sells Pinecrest Manse at a Loss

Miami Heat guard Dwyane Wade is one of the NBA's hottest stars so it's no wonder that Miami-Dade County has now adopted a new name -- "Wade" County. The billboards started popping up along the Interstate shortly after the team became NBA Champs and Dwyane became an All-Star -- again. Lately though, Wade's been in the news... Continue Reading »

Miami's Marine Stadium: County Rallies to Landmark's Restoration

The Miami Marine Stadium might get a second life thanks to $3 million promised by the Miami-Dade County Commission. But where the rest of needed funding will come from is yet to be seen. This South Florida icon was the site for everything from rock concerts and political rallies to regattas and wake-board contests.... Continue Reading »

Miami Condo With Designer Parking Spot, Zero View

Look, it's a parking garage! No, it's a shopping mall! Wait, it's a 2-bedroom, 2.5 bath condo that will set you back about $2 million! To be precise, the new mixed-use building complex at 1111 Lincoln Road in Miami's South Beach is all of the above and more - parking spaces, high end retail, and 4 condo residences -... Continue Reading »

I Want This Miami House: Like Living in a Resort for $18M

One of the great things about vacationing at a luxury resort is all of the amenities: the pool, rec room, beach, fine dining, and personal service. Moving into this $18 million house at 3575 Stewart Ave. in Miami, Fla., would be like living permanently at a luxury resort, minus the personal service. That is unless you hire... Continue Reading »

I Want This House! $1M Miami Penthouse Worthy of 'Miami Vice'

I want to live in this $1 million penthouse in Miami and live like Don Johnson's character in "Miami Vice." I want to wear a white suit in this white building at 720 NE 62nd St., which looks like a place Detective James "Sonny" Crockett would call home. If he could afford a $1 million penthouse condo, although less... Continue Reading »

I Want This House! Coral Gables Mediterranean for $1.9M

The swanky and historic Coral Gables, Fla. neighborhood has kept the classic Mediterranean Revival architecture alive by maintaining homes and landscaping in pristine condition, staying true to the very style that made these grand homes some of the most sought after in Miami-Dade County. Serving as an example of this is... Continue Reading »

'Jersey Shore' Heads to Miami for Season Two

Seaside Heights, N.J., may find soon find itself in a "situation," and not the spray-tanned, fist-bumping kind. After riding the real estate wave that rolled in with the cast of MTV's runaway reality hit "Jersey Shore," the coastal town may be in store for quieter times. Word on the street is that the show's cast of... Continue Reading »

Miami Home Flippers Make a Comeback

If house-flipping -- the process of buying homes with the sole intention of reselling them shortly after at a profit -- defined the height of the housing bubble, then one recent deal suggests that this particular real estate beast is not quite dead yet. On March 5, a buyer purchased 19 units in a Miami condo development... Continue Reading »

California Dodges Top Honors on 'Worst Real Estate' List

I'm thrilled. For once, the great budget-challenged state of California, where I happen to reside, is not at the top of someone's list for bad stuff. No sir. Because when it come to who has the worst -- and I mean absolute worst -- residential real estate market in all these U.S., California's cities and towns are beaten... Continue Reading »

South Florida Home Bargains Galore. Just Don't Expect Waterfront

Southern Florida has become the capital of bargain real estate. More than 56 percent of residential properties for resale in South Florida can be nabbed for less than $250,000, far less than prices a few years ago during the boom, according to a recent report by Condo Vultures LLC. For condos and townhouses, the deals are... Continue Reading »

Pedestrians, Renters: Walk This Way

The National Multi Housing Council's report, From NIMBY to Good Neighbors shows that 40% of Americans live in apartments and rentals by choice. In fact, that percentage has steadily risen 28% since 1999. Moreover, households earning $50,000 or more were the fastest growing segment of renters, this group totaling 3.6... Continue Reading »

Outlook for Florida's Real Estate Market: Overcast But Clearing?

In foreclosure-wracked Florida, there are tiny signs of life. The state's foreclosure rate dipped in January. Earlier this month, all eyes were on Miami when the Super Bowl XLIV came to town. And recently, the deep freeze in real estate lending seems to have thawed. An investor group buying a 63-unit condo project on... Continue Reading »

Dramatic Facelift for Low-Income Housing in Miami

New-and-improved home sweet home. A Mediterranean Revival style building, once so deteriorated that the city of Miami Beach was ready to demolish it, has been brought back to life by the Miami Beach Community Development Corporation (CDC), a non-profit group that will maintain it as housing for low-income seniors. The... Continue Reading »

Super Bowl No Touchdown for Miami Realtors

Super Bowl week is a boon for South Florida businesses, but a bust for its real estate market. But that's not necessarily a sign of bad times. "Other than weekly rentals, the Super Bowl is not big for us," said Miami Real Estate broker and blogger Riley Smith. "But it doesn't matter because this is our biggest time of... Continue Reading »

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