Downtown Miami Real Estate Blog

Florida Refinancing Frenzy

August 29th, 2012

Florida is among the nation’s leaders in mortgage refinancing according to a survey released by the Mortgage Bankers Association. As we previous reported on August 6 “Harp 2.0 to the rescue”, this federally back program has really been helping Florida real estate owners refinance. Homeowner’s are now able to refinance regardless if your home is underwater (worth less than what you may own on your current mortgage).

For example: You may own a Downtown Miami Condo worth 400,000 but your mortgage is 470,000. Until recently refinancing was not an option with conventional lending but Harp 2.0 can easily by pass those equity requirements to get you a new lower rate with less of the banking red tape. This has lead to a surge in refinance applications in Florida since so many real estate owners have been in this exact predicament. Take advantage now while you still can. Since we last reported on Harp 2.0 rates have been on a steady climb. Rates are now at a 10 week high, but still very attractive and well under 4%, still at multi-year lows.

Contact Sydney Server Real Estate for more information.

Source: Sun-Sentinel, ProVantage, Zillow

Photo Credit:  Wanna Network

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Downtown Miami’s Epic

August 27th, 2012

Downtown Miami Condo’s For Sale at Epic Residences and Hotel. Epic is a mixed use Luxury Downtown Miami Real Estate development composed of both Hotel and Residences. Epic is uniquely situated where Biscayne Bay meets the Miami River giving it ample pristine ocean views for one to enjoy. Located in the heart of Downtown Miami, Epic is within minutes of Brickell’s financial district, Bayside, art galleries, museums, shopping malls and more.

Epic is the perfect place to live whether its work or play you’re after. The mix of overlooking the ocean while casting at Downtown Miami’s skyscrapers truly makes this an “Epic” property to consider.  Built in just 2009 and available to own now these Downtown Miami Condos are listed by the Cervera Real Estate Group.

Contact Miami Realtor, Sydney Server for more information about this property.

Property Name: Epic Residences and Hotel
Property Address: 200 Biscayne Boulevard Way Miami, Fl 33131
Number of Units: 342
Unit types available: 1, 2, 3 Bedroom Floor plans
Unit Sizes: 822’ SF – 2457’ SF
Prices:  $490,000 – 2.35 Million

Developer: Ugo Colombo of CMC Group

Source & Photo credit: Epic Miami

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Miami’s Master Plan 2025

August 24th, 2012

As we previous covered the Miami Downtown Development Authority’s (DDA) mission is to promote economic growth and sustainability for Downtown Miami.  Step one for the DDA is to leverage the Iconic tropical waterfront. It’s no secret Miami’s location is what makes it so special. Special in ways that make doing business in Downtown Miami pleasurable because of its mere beauty and proximity to the ocean.

Downtown Miami’s location right off the Biscayne Bay and Miami River give it a special edge that make rival city’s envious. It’s important to invest in keeping Downtown Miami Real Estate beautiful by putting money back into what gives it the advantage in the first place. Here is a breakdown of what is to come from the DDA in the form of improving waterfront inland spaces. Changes will be taking place not only to places taken by foot but also to roads and offshore waterways.

Contact Sydney Server Real Estate for more information.

Here is what the DDA has planned for Downtown Miami’s Waterways:

1. Develop Bicentennial Park into a Major Waterfront Park and Museum
2. Complete Baywalk & Riverwalk projects
3. Create a Flagler Street and Biscayne Bay Waterfront Element
4. Improve Inland Connections to Waterfront
5. Activate Waterfront by Providing Greater Daytime Dockage Opportunities
6. Provide Tall Ship Berths and Amenities at FEC Slip
7. Develop Waterborne Transportation System Linking Downtown to Major

Waterfront Destinations

8. Enhance Access & Connectivity to Watson Island as a Unique Public Amenity

Source: Miami DDA

Photo credit: 19 Cities

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Miami’s One Bayfront Plaza To Be Historic

August 22nd, 2012

A historic landmark is coming to South Florida. One Bayfront Plaza looks to be to Miami what the Empire State Building is to New York. This mega structure looks to replace the current 55 year plaza for a new colossal vibrant tower. Big plans are in store for this Downtown Miami Real Estate location.

Plans are to make One Bay front Plaza Downtown Miami’s tallest skyscraper South of Atlanta. This multi use property will be a mix of Residential Downtown Miami Condos, Office, Hotel and Retail space. Plans for demolition are due to begin for 2014 and set to open for 2018. Developer Tibor Hollo says “This is going to be an iconic, unique building – a global landmark, if I am anybody in this city, that is where I will want to be.”

Contact Miami Realtor, Sydney Server for more information about this property.

One Bayfront Plaza
Developer Tibor Hollo of Florida East Coast Reality
100 South Biscayne Blvd Miami, FL
Hotel: 620 Rooms
Condos: 700 Residences
Floors: 80
Prices: TBA

Source & Photo Credit: Biz Journals, One Bay Front Plaza

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Own At Miami’s Opera Tower

August 20th, 2012

Downtown Miami Condos are now for sale at Opera Tower. Opera Tower is located in the heart of Downtown Miami and over looks Biscayne Bay’s waterfront.

This Downtown Miami Condo was formerly known as a rental property with very few units for sale until recently. Now you may own at this chic property with help from the Developer. 70% Developer financing is now available for those looking to transition from being a renter to becoming an owner.

Downtown Miami Real Estate has been moving quickly lately as many believe that the time to buy is now. Opera Towers is an excellent affordable luxury ownership option for anyone in the market for condos for rent in Downtown MiamiContact Miami Realtor, Sydney Server for more information about this property.

Opera Tower
1750 North Bayshore Drive Miami, FL
600 Total units
Unit Types: Studios, 1 – 2 Bedroom
505 SF-1,043 SF
Floors: 60
Price: $300K – $490K

A Florida East Coast Reality Development

Source: Opera Tower

Photo credit: Wikipedia

Video Source: YouTube

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Downtown Miami’s Master Plan 2025

August 17th, 2012

The Miami Downtown Development Authority’s (DDA) mission is to promote economic growth and sustainability for Downtown Miami.

I believe it’s safe to say they have done a pretty good job at growing the city into what it is today.  Downtown Miami is ever changing with a lot going on at a time. It’s extremely important to keep up with the growth and that’s where Master Plan 2025 comes in. This action plan is titled “Downtown Miami,” Epicenter of the Americas”; Master plan 2025 has a lot upcoming in forms of infrastructure improvements and urban development projects.

Here a breakdown of what’s in store for Downtown Miami Real Estate owners over the next 10+years or so courtesy of the DDA.

  1. Enhance Downtown Miami as Business and Cultural Epicenter of the Americas
  2. Leverage the Iconic tropical waterfront
  3. Elevate the Grand Boulevards to prominence
  4. Create great streets and community spaces
  5. Promote transit and regional connectivity

Contact Sydney Server Real Estate for more information.

Source & Photo Credit: Miami Idda

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Marina Blue Penthouse Available

August 15th, 2012

Marina Blue has Downtown Miami Condos For Sale. This Downtown Miami all glass skyscraper has remarkable views of Biscayne Bays waterfront and the city of Miami. Located adjacent from the American Airlines Arena and within walking distance to Bayside, this conveniently located property is in the heart of the city.

A recently listed penthouse unit on the 51st floor is now available to own. “Exquisite apartment in the sky! Ultra-modern two-story penthouse” Says listing agent Maria Luisa Tinoco of Coldwell Banker Residential Real Estate. Or maybe you’re in need of Downtown Miami Condos For Rent? Marina Blue also has that for your consideration.  Contact Miami Realtor, Sydney Server for more information about this property.

Property Name: Marina Blue
Address: 888 Biscayne Boulevard Miami, FL
Penthouse# 5111
Condo: 3BR/3.5 BA
Size: 2,412 SF
Price: $ 1,350,000
Floors: 57
Year Built: 2007

Developer: Hyperion Development

Source: Marina Blue Condos

Photo Credit: Zillow

Video Source: YouTube

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