New Condominium Laws: What Condo Commando’s might not want you to know.

For those who currently live in or will move to a condominium (One of the roughly 25,000 units in the tri-county areas), this is for you.
The Condominium Act (Chapter 718 F.S.) has been significantly amended for present and future residents.
Like just about all written statutes, there are pockets of ambiguity and issues that are open [...]

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Downtown Miami’s Condo Deal of a Deal

I know some of you, not all, are sitting on the sidelines
of the real estate game, waiting for the right moment to score on a deal. Right!,
Well, I believe I have one for you.
There is this 1/1, a corner unit, overlooking the pool of the  Met1,
waiting for you. Designer ready!
You could have this unit for [...]

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The Spoils of the Real Estate Market

Opportunity Time!!!
Buyers defaulted and developer wants to sell now! This building is finished and sold out.
First come, first serve.
2/2.5 on the water. Yes! on the water. Overlooks the bay and sits on the best line of the building. It has 1,413 Adj.sqft. / 1694 total.
It can be yours for under market price.
                                               Listed for  $ 520,000.
Yes, [...]

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Gables Condo Stats

Coral Gables Condos                Active Listings         Pending         Expired           Sold 
December 2006                                 40                        1                   0                  0
November 2006                                34                         2                   1                  1
October 2006                                     41                         1                   4                  2
September 2006                                34                         2                   5                  3
August 2006                                      42                        4                     6                  6
July 2006                                           19                        4                   19                11
June 2006                                           7                          2                   12                16
                                                             ___________________________________
   Total                                                217                        16                  47              39
                                                                                    
                                                                     Listed             Sold          Days on Market
Highest Price Sold      10 Edgwater Dr. 16A     $2,950,000     $2,800,000             207
  (2006)                                   3,838 Adj.Sqft    ($731 sqft)
In 1999 it sold for $1,536,600  (roughly [...]

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Your square foot condo

In light of the current market slow down, more condominium owners are suing developers for not getting the square footage for which they originally paid. As an owner you want to get the most value for your money. When a condo buyer signs a contract with a developer, a Declaration of Condominium clearly defines the [...]

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A take on the Condo Market

By Jim Loney Thu Dec 28, 10:41 AM ET
MIAMI (Reuters) – On a piece of prime bayfront property near downtown Miami, weeds climb the steps of the sales office for Onyx 2, a planned waterview condo where apartments were to sell for $500,000 to $2,000,000.  
A sign reads “For Sale. Land, plans and permits for Onyx [...]

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