Islander News, Key Biscayne 5.12.16

BRICKELL KEY

Vivian Galego-MendezVP-Managing BrokerKey Biscayne Office305.361.5600

If you would like to talk with me about the possibility of joining our EWM family, I’d be happy to hear from you. It’s a great time to be a realtor at EWM!

EWM Offers A World Of Advantages For

Realtors®, Too!

$625,00092 SW 3 St Unit #2101

Excellent opportunity to live on the prestigious Miami Riverfront. Riverviews from the 21 floor. Italian kitchen cabinets, modern high endappliances. Resort-style amenities including spa, steam room, fitnesscenter, swimming pools etc. Rare to find 3/3 property with parking.Must visit!.

MENCHU ESCOLAR 786.213.5919

MIAMI

$1,650,000605 Ocean Dr #2L Key BiscayneSands of Key Biscayne. One of a kind! Only 2 units per floor! Spacious & very sunny 3/3 unit w/a huge living area (balcony has been enclosed), marble floors, Hurricane resistant windows. South exposure w/ garden,ocean views. Washer/dryer, wine cooler inside unit. Freshly painted. 1 storage space. 1 prkg space. A maximum of 2 vehicles may be registeredper unit & an additional space is available for a second vehicle on a 1stcome, 1st serve basis.

MARIA JOSE LUCENA 305.815.6161

Also available for rent @ $6,700/Mo

The first quarter of 2016 has seen a change in number of real estate’s sales. Lately we have experienced a market slow down, even in Key Biscayne where inventoryis always scarce, the sales of condos and single family homes has had a noticeable drop. People start wondering if there is a crash on the way, shouldthey buy now, should they sell now?

I do not believe there is going to be any crash soon. The market has certainly shifted a bit. Foreign buyers from Latin America havedecreased because of political and economical situation. Financial instabilityof the past few months and the stengthening of the USD have created a rise inthe inventory and prices are slowly getting to more realistic market conditions. We are at a point in the real estate cycle where prices are adjusting, sellers need to price their home properly and buyers might be able to get better deals in themonths to come.

305.815.5282cristinapreti@me.com

CONDOS - 1ST QUARTER 2016During the first three months of the year, 38 condos have closed in Key Biscayne.The average sale was $1,410,000 and the average days on the market was 168.Overall there has been 71% less sale than the past quarter.

SINGLE FAMILY HOMES-1ST QUARTER 2016As far as single family homes, the average sale price for a home in Key Biscayne was approximately $4,600,000 and the average days on the market was 249.In the first quarter the sale for single family homes has decreased 45% fromthe last quarter of 2015.

CRISTINA PRETI

Key Biscayne Condos Key Biscayne Single Family Homes

Condos - 1st quarter 2016 Single Family Homes-1st quarter 2016

Totally remodeled in 2014, 5 bedrooms, 3 bathroom home located on a large lot on a very quiet street. Contemporary designwith unique architectural features, bright,spacious & great for entertaining. Magnifi-cent backyard with luscious private land-scape overlooking the pool. $2,595,000

335 CYPRESS DRIVE, KEY BISCAYNE

Original Price vs Sold Price Report

K E Y B I S C A Y N E R E A L E S T A T E R E P O R T - 1 S T Q U A R T E R

$2,499,999785 Crandon Blvd #301, Key BiscayneOcean Club-Club Tower II. MOST desirable floor plan w/nearly 3,000 sfof interior living space. This residence features 3BRs plus den, nanny’squarter & 4.5BAs. This impeccable & bright unit offers great flow of living & dining areas plus 2 gorgeous terraces with great views. Livein paradise at this resort like complex w/ the most wonderful amenitieswhich includes Health Club & Spa, Pools, Restaurants, Tennis Club& Beach Service.

SUSANA MEDRANO ROTH 305.773.0809

Also available for rent @ $10,500/Mo

$2,995,0006935 Sunrise Ct, Coral GablesGorgeous, light, bright, chic home on the water with no bridges to bay, inside prestigious gated Sunrise Harbour community. 120Ft of water frontage located at the end of a cul de sac, will accommodate your sailboat or yacht. This house is ideal for a boating enthusiast, impact windows, 2 car garage and an ample master bedroom/bathroom upstairs. Secured, gated tropical paradise in the heart of Coral Gables.

FLORENCIA MONI 786.200.4867

$1,990,0003525 N Bayhomes Dr, Coconut GroveRomantic, four story Villa Serena, uniquely designed, inspired by a Mediterranean hill house. Features views of Biscayne Bay and Atlantic ocean. Situated at the end of one of Coconut Grove’s finest bayfront streets, this enchanting home is minutes to the Village of Coconut Grove. 5/5/2 complete with great room, terraces, 2 cargarage, rooftop tower, elevator, plunge pool, fireplace. This rustic/lux home is a stand out, one of a kind perfect for entertaining andcarefree Coconut Grove lifestyle.

ANNIE MAMMES 305.213.8950

$509,00031 SE 5 St #4219, MiamiBrickell on the River. Great opportunity to own a 2 bedroom, 2 bathroom unit at Brickell on the River condominium with views of the Miami Rver. 1 assigned parking space. Washer and Dryer inside the unit.

ANDREI DE BIAGGI 305.469.0897

$720,000 170 Ocean Lane Dr #401, Key Biscayne

Ocean Plaza. Steps from the beach. 2 BR and 2 BA, 1435 sq ftdesirable boutique building. Large storage room next to apartment.24 Hour security guard and concierge.Common areas with interiorgarden patio, gym, heated pool and BBQ area.

PITY BETANCOURT 786.356.2600

Also available Unit #312 @ $745,000

BRICKELL KEY

$5,800/Mo101 Crandon Blvd Unit #477

Spectacular completely remodeled & apartment in Key Colony Botanica. Spacious 3BRs, 2BA. Kitchen with granite countertop &charming bright breakfast area. Very privated & beautiful living areawith a balcony overlooks lush vegetation. Porcelain tile floor through-out. Complex offers beach, pools, spa, gyms, tennis courts, playground,2 parking spaces & 24 hr gate security. Close to villages restaurants, shops & schools. No pets allowed.

ANGELES FERRER 305.798.6630

KEY B ISCAYNE

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Key Biscayne Office • 644 Crandon Boulevard, Key Biscayne, FL 33149 • 305.361.5600