Faena House features wraparound balconies, spectacular views of the ocean, and ultra-luxurious amenities. Don’t miss out on developer deals. Reserve now for 10% down.

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Property Name: Faena House
Address: 3201 Collins Ave, Miami FL, 33140
Type: condo
Units: 44
Number of Floors: 18
Developer: Alan Faena

Sources: SydneyServerRealEstate.com
Photo Credit: Center Con
Daneil Fletcher for SydneyServerRealEstate.com
Brokerage By: Florida Capital Realty 

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This week’s latest Miami real estate reports includes:

Increased Sales Prices in Miami Beach

A recent news report has revealed that sales prices in Miami Beach have climbed significantly as of July 2013, compared to the previous year. The luxury real estate market reached sales of over 300 single family homes with an average increase of $14.1%. The number of condos sold according to the report was 826 between August 2012, and July 2013.

Versailles Hotel Will Be Incorporated in Faena District

Alan Faena has purchased the historic Versailles Hotel last week, with the intent of incorporating the building in the planned Faena District. See more details regarding preconstruction property Faena House here.

David and Victoria Beckham Interested in The Versace Mansion

The Real Deal reported that the Beckhams are interested in the famed mansion that has been listed on the market for over a year. Read the full story here. The property is scheduled to go to auction this September 17^th, with the minimum bidding price being $40M.

1930s Mansion Listed for $12.9 Million

The luxury market combines both new and old-school properties. In Miami Beach, a 1930s home located at 6420 Allison Road, has been listed for over twelve million. It was built by an industrial mogul and has since been restored.

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Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal,
Photo Credit:  SydneyServerRealEstate
Daneil Fletcher for SydneyServerRealEstate
Brokerage By: Florida Capital Realty.com

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Miami homeownership has many perks, whether you’re investing in your first home or securing an income property.

Sydney Server Real Estate offers a wide range of options for prospective buyers, including lower priced REOs, fixer uppers, as well as ready to move-in luxury condo units. Based on a study by the New York Times, here are the top 5 reasons why individuals choose homeownership:

1. Homeownership Builds Equity – despite past trends in high foreclosure rates and underwater mortgages in the state of Florida, history has proven time and again that the markets do bounce back. Today, resale prices are soaring, according to Condo Vultures, and new condos are priced higher than before. Equity may take years to build, but ultimately it places homeowners at a better advantage for the future
2. Homeownership Builds Stability – according to the Homeowner’s Association, given that residents will live in the same place for a prolonged period of time, while building strong ties in districts. Professionals too, are able to network with related businessmen and women in the report.
3. Fixed-Rate Mortgages Dissolve Uncertainty – when approaching a finance company, it’s important to go over all the details of the loan. While many options exist for home loans, fixed rate mortgages allow homeowners the peace of mind to know what their monthly payments will be in the long term. In addition, the interest on these loans will never change.
4. Homeownership Suits Homeowners’ Preferences – buyers are able to tailor the look of their living and outdoor spaces, as opposed to living on leased terms. In addition, Miami single family homeowners can make strategic updates on properties to increase value in the future.
5. Homeownership Accumulates Deductions – From deducting points on home loans, to property taxes and mortgage interest, this is recognized by investors as one of the top incentives for securing homeownership.

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Contact Miami Realtor Sydney Server for more information.

Sources: House Logic, The Real Deal
Photo Credit:  Alex Shay
Daneil Fletcher for SydneyServerRealEstate.com
Brokerage by Florida Capital Realty

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Yankees’ star Alex Rodriguez placed his home on the market last year, and a few months later struck a massive profit of $15M. The property was purchased in 2010 for $7.4M when it was just a waterfront land space. An additional $7.6M was invested in design and construction, according to media reports.

AROD is originally from Miami, and is now being revered for his business savvy, given the record selling price of the home. Among the home’s neighbors is Chris Bosh, Dwayne Wade and Matt Damon. This particular home has several attractive features including the minimalist and modern design. It furthermore boasts European white oak flooring, a rooftop deck, four garages, a multi-camera security system, and more.

The buyer’s name is undisclosed, however TMZ reports that it’s a celebrity who currently lives in Palm Beach.
Get a Seller’s Agent in Miami

Would you like help selling your Miami Beach home? Market data reveals there’s low inventory, coupled with huge demand in this region. Check our FREE market snapshot. Sydney Server Real Estate is a seasoned real estate firm with specific focus on the Miami region. Call today at 305-562-7363 to find out how our well-rounded team can help market properties, and get it sold fast.

Contact Miami Realtor Sydney Server for more information.

Address: 4358 North Bay Road, Miami Beach, FL, 33140
Year Built: 2011
Type: Single family
Number of floors: 2
Size: 18,861 SF
Floor Plan: 9 BR/ 11 BA
Sold: $30M

Sources: The Real Deal, TMZ
Photo Credit: ESPN
Daneil Fletcher for SydneyServerRealEstate.com
Brokerage by Florida Capital Realty

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