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Are You Looking For That Special South Beach Condo?

Are You Looking For That Special South Beach Condo?Admiral Towers Condominium

Admiral Towers Condo, Apt 706 – $299,000.00

In the heart of the South Beach Deco District you will find the Admiral Towers Condo.  This condo, located at 1020 Meridian Av in Miami Beach, is across from Flamingo Park and just 5 blocks to the beach.  Some of the features of this property that are uncommon to this neighborhood include:

  • an assigned parking space
  • swimming pool
  • balcony
  • views to the ocean and SoBe skyline

There is one unique property available in this condo that stands out from all the rest.  It stands out because the current owner has completely renovated the unit from top to bottom.  But, in addition to just a renovation, the layout was redesigned and improved upon creating this one-of-a-kind 1 bedroom + den/office, 1.5 bath apartment home that you will fall in love with.  Some of the many improvements include:

  • new kitchen with granite counter tops
  • stainless steel appliances
  • mahogany wood floors
  • a den/office that never existed before
  • renovated bathrooms
  • and the list goes on

The Admiral Towers Condominium is located at 1020 Meridian Av, Miami Beach, FL  33139.  To view pictures of this property click here.

For more information on this unique property contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Chefs Help Japan

Chefs Help JapanChefs Help Japan

Join Chef Allen Susser of Chef Allen’s Restaurant in Aventura along with 6 other chefs and Food Network Star Ingrid Hoffman and be part of a culinary effort to raise money to help the people of Japan that have been effected by the earthquake and tsunami.

The event called Sushi, Sake & Dinner Reception will take place at:

Chef Allen’s Restaurant

19088 NE 29th Av, Aventura FL 33180

Tuesday, April 5th, 2011


The cost of the event is $150 per person and will benefit ChefsHelpJapan.com.

For reservations, call (305) 935-2900.

Written by Michael Solovay | Discussion: No Comments »

News Release: Aventura Florida

News Release:  Aventura FloridaPrescription Drugs

City of Aventura to Provide Residents with Easy-to-Use Program that Can Help Save Money on Prescription Purchases

The City of Aventura will soon introduce a program that will provide its residents with a new tool that can provide some relief from the high cost of prescriptions.

The city is making free prescription drug discount cards available to city residents through a program sponsored by the National League of Cities (NLC). The discount cards offer average savings of 20 percent off the retail price of commonly prescribed drugs.

The discount cards, which will be available in April, may be used by all residents of the City of Aventura and has no restrictions based on the resident’s age, income level, or existing health coverage. The discount card benefits not only those without insurance, but can also be used by underinsured residents to obtain prescriptions that are excluded from their health benefit plans.

The NLC card can be used when purchasing prescriptions at most pharmacies around the city, as well as at more than 60,000 participating retail pharmacies across the country.

For more information on what’s happening in Aventura, visit the city at www.cityofaventura.com.

For more information on real estate in Aventura contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Is Now The Time To Buy Real Estate?

Is Now The Time To Buy Real Estate?

Fortune Magazine’s Leigh Gallagher joins MSNBC’S Morning Joe to reveal the magazine’s latest issue, which suggests that now is the time to buy real estate.

Visit msnbc.com for breaking news, world news, and news about the economy

For more information on real estate in Aventura and the rest of South Florida contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Real Estate: It’s Time To Buy Again

Real Estate:  It’s Time To Buy AgainReal Estate

A recent CNNMoney.com article posted by Shawn Tully, senior editor-at-large, declares:

Forget stocks. Don’t bet on gold.  After four years of plunging home prices, the most attractive asset class in America is housing.

“… I’ve never seen a shortage of new construction like the one I’m seeing today,” declares Mike Castleman, founder and CEO of Metrostudy.  Metrostudy tracks real-time data on the country’s inventory of new homes and covers 19 states, or around 65% of the U.S. housing market, including all the ones hardest hit by the crash: Florida, California, Arizona and Nevada.  The company’s client list includes virtually every major homebuilder and bank.

The key figures that Metrostudy collects are the number of homes that are vacant and for sale in each city, and the number of months it takes to sell all of them.  Together those figures measure inventory, the key measurement in determining whether a market has a surplus or a shortage of new housing.

The Makings Of A Shortage

Today Castleman is seeing an extraordinary reversal of the new-home glut that caused prices to sink just a few years ago.  In the 41 cities Metrostudy covers, a total of 78,000 houses are now either vacant and for sale, or under construction.  That’s less than 1/4 of the 343,000 units in those two categories at the peak of the frenzy in mid-2006, and well below the level of a decade ago.  “If we had anything like normal levels of buying, those houses would sell in 2.5 months,” says Castleman.  “We would see an incredible shortage.  And that’s where we’re heading.”

In a interview with Fortune, Karl Case, who together with Robert Shiller created the S&P/Case-Shiller Home Price indices, says “the lack of new home building is a huge help that a lot of people are ignoring. People think I’m crazy to be optimistic, but housing is looking like the little engine that could.”

Two basic factors are laying the foundation for a recovery in residential real estate:

  1. the historic drop in new construction
  2. a steep decline in prices (about 30% nationwide since 2006, and as much as 55% in the hardest-hit markets)

The new affordability will gradually attract Americans back to buying homes, and the return of the homeowner will start raising prices in many markets this year.

In 28 out of 54 major markets, it’s now cheaper to pay a mortgage and other major costs than to rent the same house.  In all the distressed markets, owning now beats renting by a wide margin.  A major reversal from 4 years ago.  In Miami the average rent is now $1,031 a month versus the $856 it costs to carry a ranch house or stucco cottage as an owner.

The true disaster areas for housing since the bubble burst have been Sunbelt cities such as Las Vegas, Phoenix and Miami.  But people always want to live in those sunny locations, and their job markets are starting to recover, albeit slowly.  In foreclosure markets the inventory problem is far greater because it includes not just traditional resales homes, but millions of distressed properties.  Fortunately those houses are now such a deal that investors, including lots of mom-and-pop buyers, are purchasing them at a rapid pace.

The outlook is brightening for Phoenix, Las Vegas, Miami and parts of Northern California.  A big positive is the tiny supply of new homes entering the market.

Mike Castleman tells editor-at-large Shawn Tully “… the naysayers are about to get a big surprise:  rising prices for new homes.”

For more information on real estate in Aventura and the South Florida area please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

New Aventura Rental: Harborside At The Waterways Unit 607

New Aventura Rental: Harborside At The Waterways Unit 607Harborside at The Waterways Condo

Listed at $1,750.00/month unfurnished for annual lease

Great 2 bedroom 2 bath apartment just hit the market in the Harborside at The Waterways condominium in Aventura.  This apartment has:

  • 2 bedroom 2 bathrooms
  • 1,430 sq ft of living space
  • large balcony overlooking the swimming pool and marina
  • 24-hr manned security gate
  • 24-hr manned lobby attendant
  • concierge
  • 2 heated swimming pools
  • tennis courts
  • gym
  • walking distance to shops and restaurants
  • marina

This unit is available as of May 1, 2011.

Click here to view more information and pictures of this property.

For more information on this property or any other properties for sale or lease in Aventura or the rest of South Florida please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

What’s The Difference Between Donald Trump’s Hair And A Wet Raccoon?

What’s The Difference Between Donald Trump’s Hair And A Wet Raccoon?

… “A wet raccoon doesn’t have seven billion f*@!ing dollars in the bank,” said Donald Trump (see video below) at a recent Donald Trump roast on Comedy Central.


If you want to know more about South Florida real estate contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

South Florida Foreclosure Activity

South Florida Foreclosure Activity

as of March 4, 2011

According to The Real Deal, the  number of foreclosures in South Florida year-to-date is 4,761 which is down from 14,314 at this same time last year.  The graph below shows foreclosure activity in Miami-Dade, Broward and Palm Beach Counties.

South Florida Foreclosures

For more real estate information please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Is Now The Best Time To Buy A House?

Is Now The Best Time To Buy A House?

TODAY SHOW real estate expert Barbara Corcoran and personal finance expert Carmen Wong Ulrich explain why now may be the best time to buy a new home.

Barbara says:

I totally believe it’s the time to jump in.  There’s very little upside to waiting around and doing something later.  You’ve got cheap money, cheap prices, lots of homes to choose from. Why wait? It doesn’t make any sense

With regard to getting a mortgage right now, Carmen says:

Mortgage applications are at 15 year lows because it’s really tight.  You’ve got to have great credit and a solid down payment.  Mortgage lenders don’t want to absorb all the risk.  You have to have ample savings, outside of the down payment.  You need at least 6 months’ worth of mortgage payments in the bank and saved up.  Of course a great work history that you are employed really helps.  If you’re self-employed,  you’ve got to keep fantastic records.

While the spring is usually a time when home buying goes up, Barbara says:

You’ll see more houses coming on the market.  What  you won’t see coming into the market are lower prices.  You certainly aren’t going to see cheaper money, especially with what’s going on with fannie mae.  Everything is going to change in the financing game.  You’ll see a tougher spring to buy in.  Now, again, is the better time to buy.

Carmen says:

If you’re in a position to buy, don’t wait for the interest rates to go lower again.  If you’re in a position to get that mortgage, get it now.

If you are in a position to buy, now is the time.  Contact me at (305) 329-4929 or [email protected] for more information on what’s available in your neighborhood.

Written by Michael Solovay | Discussion: No Comments »

Go Green Expo and Symposium

Go Green Expo and SymposiumGo Green

The City of Aventura and The Continental Group, Inc. are presenting the “Go Green Expo and Symposium.”

When: Thursday, February 24, 2011

Time:  Expo 6:00pm – 7:00pm | Symposium 7:00pm – 8:00pm

Where: City of Aventura Government Center – 19200 W. Country Club Dr Aventura, FL  33180

Aventura residents and condominium management are invited to attend and learn all about the newest, cost-effective practices in the Green Sustainable Movement.  The City of Aventura is committed to reducing its carbon footprint and wants to teach attendees how they can participate in make the city more environmentally friendly.  The Continental Group, Florida’s leading property management company, is dedicated to educating its communities on green practices and sustainability.

For more information on the City of Aventura’s green efforts, go to the City’s Go Green page at www.cityofaventura.com/gogreen.html.

To learn more about The Continental Group, call (954) 925-8200 or visit www.thecontinentalgroupinc.com.

For more information on real estate for sale or lease in the City of Aventura please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

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