{"id":44492,"date":"2010-12-31T15:20:55","date_gmt":"2010-12-31T15:20:55","guid":{"rendered":"http:\/\/miamibeachrealestatenewsblog.com\/2010\/12\/31\/a-top-producers-account-miami-beach-real-estate-in-2010\/"},"modified":"2019-04-23T20:52:44","modified_gmt":"2019-04-23T20:52:44","slug":"a-top-producers-account-miami-beach-real-estate-in-2010","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/a-top-producers-account-miami-beach-real-estate-in-2010\/","title":{"rendered":"A Top Producer&#039;s Account: Miami Beach Real Estate in 2010"},"content":{"rendered":"<div id=\"attachment_542\" style=\"width: 522px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-542\" loading=\"lazy\" class=\"size-full wp-image-542\" src=\"http:\/\/miamibeachrealestatenewsblog.com\/files\/2009\/06\/18-indian-creek-eve.jpg\" alt=\"ISH YOU WERE HERE: 18 INDIAN CREEK DRIVE, INDIAN CREEK, FL 33154\" width=\"512\" height=\"400\" \/><p id=\"caption-attachment-542\" class=\"wp-caption-text\">WISHING YOU A HAPPY, HEALTHY AND PROSPEROUS 2011 <\/p><\/div>\n<p>Reflecting on 2010, I&#8217;d say luxe <a title=\"miami beach real estate\" href=\"http:\/\/www.nelsongonzalez.com\/\">Miami Beach<\/a> real estate bustled. While I maintain Miami Beach&#8217;s market hit bottom in &#8217;09, I led many buyers and sellers on the wheel and deal as they vied for the best in waterfront estates, ocean and bay front condos and commercial interests. Here&#8217;s a glimpse into my year:<\/p>\n<ul>\n<li>Humbly proud to report, I brokered the highest residential real estate transaction in Miami-Dade County in 2010, listing and selling <a title=\"miami beach real estate\" href=\"http:\/\/miamibeachrealestatenewsblog.com\/2010\/06\/14\/top-residential-sale-in-dade-county-for-2010-miami-beachs-la-gorce-island\/\">88 La Gorce Circle<\/a> for $16,000,000 in June. Believe it or not, this will look like a greater deal for the buyer in a few years.<\/li>\n<\/ul>\n<ul>\n<li>As a neighborhood, <a title=\"miami beach real estate\" href=\"http:\/\/miamibeachrealestatenewsblog.com\/category\/miami-beach-neighborhoods\/north-bay-road\/\">North Bay Road<\/a> had the most action and arguably the sweetest steals for waterfront homes this year, 11 properties traded in all.\u00a0 While working the transaction for the wide open bay front property located at <a title=\"miami beach real estate\" href=\"http:\/\/miamibeachrealestatenewsblog.com\/2010\/06\/03\/waterfront-homes-on-miami-beachs-north-bay-road-are-selling-like-hot-cakes\/\">5718 North Bay Road<\/a>, I was blown away by the selling price, $3,350,000. It was the lowest price per square foot for land and under air on North Bay Road this year, and likely numbers that the market may never see again.<\/li>\n<\/ul>\n<ul>\n<li>The fabled anglers spot on <a title=\"miami beach real estate\" href=\"http:\/\/www.nelsongonzalez.com\/Real_Estate\/Homes\/Miami-Beach\">Hibiscus Island<\/a>, Miami Beach Rod and Reel Club, I sold this month for $2,925,000. Once asking\u00a0 $15M including the parking lot across the street which closed for $2,000,000, in December, this listing revealed to me that the speculators are returning. Currently there is a shortage of new construction in the high end inventory,\u00a0 The Rod and Reel Club and its parking lot across the street will likely have new homes flanking the entry to Hibiscus Island in a few years. This future development will enhance the entrance to the island prompting real estate values soon.<\/li>\n<\/ul>\n<ul>\n<li> <a title=\"miami beach real estate\" href=\"http:\/\/miamibeachrealestatenewsblog.com\/category\/miami-beach-condos\/capri-south-beach\/\">Capri South Beach<\/a>, the newly built luxurious, bayfront condominium, changed ownership this year. Due to the economic landscape, many developers that finished projects conceived during the boom years of 2005-2006, were forced to sell, not sufficiently flush to wait out the stagnant <a title=\"miami beach real estate\" href=\"http:\/\/www.nelsongonzalez.com\/Real_Estate\/Condo_Buildings\/capri-south-beach\">inventory<\/a>. In addition to the magnificent Miami skyline view, opulent appointments and logical floor plans at Capri South Beach, the underground parking garage was engineered by Soletanche Bachy (makers of the Chunnel). Stay tuned for new upgrades including a new lobby, landscape and spa to be completed in early 2011.<\/li>\n<\/ul>\n<ul>\n<li> Until recently, the short sale was not part of my professional vernacular, but realtors readily adapt. The high end of the market has its share of distress too, I represented a short sale for 1031 North Venetian Drive, the western most neighborhood of the <a title=\"miami beach real estate\" href=\"http:\/\/miamibeachrealestatenewsblog.com\/category\/miami-beach-neighborhoods\/venetian-islands\/\">Venetian Islands<\/a>.\u00a0 This $3,000,000 deal bought a newly built home with more than\u00a0 6,000sf under air and 65ft of bay frontage. As urban legend weaves, the short sale is a lengthy, tireless process. Which couldn&#8217;t be farther from the truth, keep in mind it costs lenders less to short sale than foreclose.<\/li>\n<\/ul>\n<p>I eagerly look forward to 2011! I predict sales will increase and as the inventory for waterfront homes and oceanfront condos dwindle, there will be a price jump.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reflecting on 2010, I&#8217;d say luxe Miami Beach real estate bustled. While I maintain Miami Beach&#8217;s market hit bottom in &#8217;09, I led many buyers and sellers on the wheel and deal as they vied for the best in waterfront estates, ocean and bay front condos and commercial interests. Here&#8217;s a glimpse into my year:<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/a-top-producers-account-miami-beach-real-estate-in-2010\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Top Producer&#039;s Account: Miami Beach Real Estate in 2010 - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/a-top-producers-account-miami-beach-real-estate-in-2010\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Top Producer&#039;s Account: Miami Beach Real Estate in 2010 - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"Reflecting on 2010, I&#8217;d say luxe Miami Beach real estate bustled. While I maintain Miami Beach&#8217;s market hit bottom in &#8217;09, I led many buyers and sellers on the wheel and deal as they vied for the best in waterfront estates, ocean and bay front condos and commercial interests. 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