Wednesday, July 08, 2009

Sales Activity at the Ocean Four Condos in Sunny Isles Beach

REPORT


LISTINGS AND SALES ACTIVITY AT OCEAN FOUR CONDOS IN SUNNY ISLES

OCEAN FOUR CONDOS

As of: July 7th, 2009

Units available for sale: 51


Model E - 1301 Sq. Ft. 2 bedrooms, 2 bathrooms 5 Units, priced from $495,000 to $650,700

Model B - 1396 Sq. Ft. 2 bedrooms, 2 bathrooms 2 Units, priced from $749,000 to $769,000

Model D - 1583 Sq. Ft. 2 bedrooms, 2 bathrooms 7 Units, priced from $650,000 to $1,320,000


Model B- Mod. 1644 Sq. Ft. 2 bedrooms + Den, 2 bathrooms 5 Units, priced from $604,900 to $995,000

Model D 1886 Sq. Ft. 2 bedrooms, 2.5 bathrooms 14 Units, priced from $649,888 to $1,050,000

Model A - 2755 Sq. Ft. - 3 bedrooms, 3.5 bathrooms – 9 Units, priced $1,390,000 to $1,695,000

Model F - 3018 Sq. Ft. - 4 bedrooms, 3,5 bathrooms - 8 Units, priced $1,165,000 to $1,950,000

PH 4101 - 5239 Sq. Ft. - 4 bedrooms, 5 bathrooms- 1 unit, priced at $4,190,000





These are the specifications of the Ocean Four different floor-plans.

Model

Bedrooms

Baths

Living Area

Balcony

Total Area

A

3

3.5

2755

256

3011

B

2

2

1396

186

1582

B Mod

2+ Den

2

1644

186

1830

C

2

2.5

1886

391

2277

C Rev

2

2.5

1886

391

2277

D

2

2

1583

287

1870

D Rev

2

2

1583

287

1870

E

2

2

1301

264

1565

F

3

4.5

3018

569

3587

Least expensive available: Unit 706 - 1301 Sq. Ft. - $ 495,000

Most expensive available: Unit 4101 – 5239 Sq. Ft. - $4,190,000

No MLS sales recorded in the last 3 months

2 units have been sold in the last 6 months


- Unit 909 - 1,301 Sq. Ft. $485,000

- Unit 806 - 1,301 Sq. Ft. $396,000 (REO)


This is an average of 1 sale every 90 days at the Ocean Four Condominiums.

There are 51 Active Listings for Sale at the Ocean Four Condos as of July 7th, 2009

Total of apartments at the Ocean Four Condos: 281

Percentage of Ocean Four Condos for sale as of July 7th, 2009: 18.15%

This report is provided by Henry B. Nathan, a Florida Realtor at United Realty Group Inc. and a Florida Licensed Mortgage Broker. The accuracy of any information in this report is not guaranteed. Information was drawn from the MLS and other sources.




Visit my website: http://www.condo-southflorida.com/ where you can search for Hallandale Beach Condos, Sunny Isles Condos


Sunday, July 05, 2009

Ocean Three Condos - Sunny Isles Beach -

SALES REPORT

LISTINGS AND SALES ACTIVITY OCEAN THREE CONDOS, SUNNY ISLES BEACH

OCEAN THREE CONDOS

As of: July 5th, 2009

OCEAN THREE Units available for sale: 25

Line 02 & 03 - 1591 Sq. Ft. - 2 bedrooms, 2 bathrooms - 4 Units, priced from $ 640,000 to $794,000

Line 4 - 1930 Sq. Ft. - 2 bedrooms, 2,5 bathrooms - 2 Units, priced from $80,000 to $799,000

Line 6 - 2136 Sq. Ft. - 3 bedrooms, 3 bathrooms - 7 Units, priced from $879,000 to 1,299,000

Line 05 - 2,864 Sq. Ft. - 3 bedrooms, 4.5 bathrooms - 4 Units, priced from $1,208,000 to $1,975,000

Line 07 - 2,649 Sq. Ft. - 3 bedrooms, 4.5 bathrooms - 6 units, priced from $998,000 to $1,350,000

Line 01 3,945 Sq. Ft. 3 bedrooms, 4.5 bathrooms - 2 Units, priced from $1,975,000 to $2,700,000

Least expensive available: Unit 1903 –1,591 Sq. Ft. - $640,000

Most expensive available: Unit 701 – 3,945 Sq. Ft. - $2,700,000


No sales in the last 3 months.

4 units have been sold in the last 6 months

Unit 2704 - 1,930 Sq. Ft. $700,000

Unit 506 - 2,136 Sq. Ft. $730,000

PH 3506 - 2,136 Sq. Ft. $850,000

Unit 2707 - 2,649 Sq. Ft. $1,000,000

This is an average of 1 sale every 45 days at the Ocean Three Condominiums.

Since there are 25 Active Listings at the Ocean Three Condos as of July 5th, 2009

And the total of apartments at the Ocean Three Condos is: 215

The percentage of Ocean Three Condos for sale as of July 5th, 2009 is: 11.63%

11.63% of the total apartments in this building are presently for sale. While higher than the optimal, it is still a healthy index and it is an indicative of the demand of Ocean Three Condos as a good value in Sunny Isles Beach.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc. and a Florida Licensed Mortgage Broker.


Visit my website: http://www.condo-southflorida.com/ where you can search for Hallandale Beach Condos, Sunny Isles Condos

Ocean Two Condos - Sunny Isles Beach - Activity Report

LISTINGS AND SALES ACTIVITY AT OCEAN TWO CONDOS

IN SUNNY ISLES BEACH


Report as of: July 5TH, 2009


OCEAN TWO CONDOS


At this time there are 18 Units available for sale at OCEAN TWO CONDOMINIUMS

2 bedrooms, 2.5 bathrooms - Line 07 - 1900 Sq. Ft. - 3 Units, priced from $859,000 to $975,000

3 bedrooms, 3 bathrooms - Line 03 and 06 - 2,150 Sq. Ft. – 4 Units, priced from $820,000 to $910,000

3 bedrooms, 4.5 bathrooms - Line 04 and 05 – 2,440 Sq. Ft. – 9 Units, priced from $879,000 to $1,300,000

(Note: $879,000 listing is still unresolved short-sale.)

3 bedrooms, 4.5 bathrooms - Line 01 and 08 – 2,665 Sq. Ft. - 2 Units, priced $1,375,000 and $1,390,000

Least expensive available: Unit 203 –2,150 Sq. Ft. - $820,000

Most expensive available: Unit 908 – 2,665 Sq. Ft. - $1,390,000


In the last 90 days, only 2 sales have been recorded.

Unit 905 – 2,440 Sq. Ft. - $940,000

Unit 603 - 2,150 Sq. Ft. - $735,000

This is an average of one sale every 45 days at the Ocean Two Condominiums.

Only 18 Units are listed for sale at this time at the Ocean Two Condos.

The total of apartments at the Ocean Two Condos is: 254

The percentage of Ocean Two Condos apartments for sale as of July 4th, 2009 is: 7.08%


Notes:

I read in the Miami Herald this week that the Ocean Two Condos were classified within Sunny Isles Beach and Dade County condominium buildings one of the best performing condominiums, as far as maintaining their values since the peaks of 2004/2005.

I understood from that article that Ocean Two Condos have not lost more than an average of about 10% since the highest values were registered at the peak of the market in 2004/2005.

That might right.

Looking at the statistics we are analyzing here, only 7% of the total apartments in this building are presently for sale. Quite a healthy index that says a lot about the high demand of Ocean Two Condos. Undoubtedly they represent one of the best values in Sunny Isles Beach.


Henry B. Nathan is a Florida Realtor at United Realty Group Inc. and a Florida

Visit my website: http://www.condo-southflorida.com/ where you can search for Hallandale Beach Condos, Sunny Isles Condos

Monday, June 29, 2009

Listings & Sales at The Beach Club Condos - Hallandale -

REPORT


LISTINGS AND SALES ACTIVITY AT THE BEACH CLUB CONDOS IN HALLANDALE



As of: June 29, 2009


BEACH CLUB ONE CONDOS


BEACH CLUB ONE Units available for sale: 54

Studios and One-bedroom - 4 units – Priced from $360,000 to $600,000

2 bedroom – 13 units – Priced from $335,000 to $729,000

More than 2 bedroom – 37 units – Priced from $425,000 to $1,775,000

Least expensive available: Unit 409 – 1,082 Sq.Ft. - $ 335,000

Most expensive available: Unit 4405 – 2500 Sq.Ft. - $ 1,775,000

BEACH CLUB ONE CONDOS sold in the last 90 days: 8 units from $290,000 to $720,000



*****


BEACH CLUB TWO CONDOS


BEACH CLUB TWO Units available for sale: 66

Studios and One-bedroom – 13 units - Priced from $200,000 to $467,000

Two-bedroom – 23 Units – Priced from $539,000 to $1,500,000

More than 2 bedroom – 30 Units – Priced from $649,000 to $2,000,000

Least expensive available: Unit 2705 – 800 Sq. Ft. - $ 250,000 (SHORT SALE)

Most expensive available: Town House – 4,020 Sq. Ft. - $ 2,000,000

BEACH CLUB TWO CONDOS sold in the last 90 days: 11 Units from $237,000 to $900,000



***



BEACH CLUB THREE CONDOS


BEACH CLUB THREE units available for sale: 77

Studios and One-bedroom – 9 units – Priced from $280,000 to $467,000

Two-bedroom – 22 Units – Priced from $328,000 to $1,250,000

More than 2 bedroom - 46 Units – Priced from $359,000 to $1,799,000

Least expensive available: Unit 2906 – 1,086 Sq.Ft. - $280,000

Most expensive available: Penthouse 4404 – 2548 Sq.Ft Living area – 5,008 Sq. Ft. total area - $ 1,799,000

BEACH CLUB THREE CONDOS sold in the last 90 days: 9 Units from $295,000 to $600,000



***



Our remarks:


28 total SALES have closed in the last 90 days at the Beach Club complex


This is an average of 0,311 closing per day at the Beach Club Condos complex


197 total Active listings at the Beach Club: as of June 29, 2009


Total of apartments at the Beach Club Condominum Complex (All three buildings): 1,258


Percentage of Beach Club Condo Units on the market: 15.66%



Henry B. Nathan is a Florida Realtor at United Realty Group Inc. and a Florida Licensed Mortgage Broker.


Saturday, June 20, 2009

My favorite Hollywood restaurant.

Sushi Blues Cafe

I discovered it around 1991. A narrow storefront, bar on the right, behind the musicians stand; tables aligned on the left, against the wall.
We hesitantly started ordering mainly their hot appetizers, with just one or two adventurous steps on sushi rolls. And a glass of white wine, or a bottle of their enigmatic Japanese beers.
And then there were the blues. We didn't even realize how good the food was till we got hooked. On the music and on the food. It was a different time in South Florida, and the options were limited.

This was sort of a little Chicago or New York corner, very friendly; where we would meet the kind of people we didn't suspect would be living in Hollywood, Florida: gentle, smiling, sometimes educated, and always happy.

It just became our favorite joint and we would take our out-of-town visitors every time to show them how life in Florida wasn't so boring after all. The fact is that, not only was this place our introduction to Sushi, it made us get a taste and an appetite for good jazz.
b
I still remember listening one night to this wonderful musician, a black kid on a mission, vibrantly playing all night, while his dad, for whom they have accommodated a chair on the side, kept vigilantly watching.

But things change.

A few years ago, the building on the Young Circle was boarded and the stores closed.

We eventually discovered the new Sushi Blues place. It was now on Harrison Street. Very different, beautifully decorated, modern, stylish. A "South Beach" look, if you mind.
We still found a couple of the original waiters; Yozo now known as a famous sushi expert, still smiles behind the counter. And Junko, the Japanese owner, who takes her chef occupation very seriously, still concocts wonderful inventions from time to time; sometimes stops at our table for a few seconds, because she has become sort of an old friend.

Even after the small fried fish tidbits have disappeared from the menu many years ago, and this menu has grown enormous, Sushi Blues is a sure bet when I just want a great dinner with some entertainment. Aside from the traditional sashimi and sushi, they have some very good fish plates. I can make it a big splurge or just a wine-and-appetizers affair.

Always close-to-perfect food.

I adopt restaurants where I am sure that I will never have a bad experience; where the quality is consistent, and the owners are proud of their profession. Sushi Blues Cafe is a good example.

They used to have music every night.

A few years ago, Ken Maslak, Junko's husband and co-owner of the restaurant, ruled that we would get music only on the weekends, starting Friday night. But they also started to present a wider musical variety. Ken knows how to choose good artists. He often joins them, but not always. He is a great saxophonist and plays a bunch of instruments, including the drums. Posters of his concerts in Europe and Asia cover one of the walls. One of their daughters is an international-class pianist and played sometimes in the past. Not any more.

I lately discovered that I could even invite some of these orthodox Jews friends, since the fish options are plenty. I am not at all religious myself, but that was one of the few places they would try, and they it's always love at first sight.

Where else can you dine while you enjoy concert-quality music for free?

Well, I am not a part-owner of this joint, nor am I on their advertising budget.

It's just something that I would like to share with my friends and customers. I had nothing better to blog about today.

Sushi Blues Cafe is on Harrison Street, a couple of blocks East of Dixie Highway.

Now Junko... how many more of these posts do I need to write, to get me a free dinner?

Sunday, June 14, 2009

Market bottom and Real Estate Inventories in South Florida

With my limited resources, and as almost anybody in this country at this time, I try to get some feelings about where the market is at this time and where it is headed.

Since we hesitate to believe the assessments of the realtors main organizations, which historically tend to be overly optimistic, and inject some hope within its members and the public at large, one of the simple but effective tool that we can use is our access to the MLS.

The multi-listing system, while it does not cover the entire of real estate commerce, is however sufficiently inclusive that we can interpolate its results and get generally reliable information.
Of course, there are people who do not use an agent to buy or sell a property. There are properties which have been withdrawn from the MLS but are still available for sale; there are expired listings wating to be placed again on the system.
But these are factors that are permanents and should not affect specific findings, opinions, or judgments.

It is very simple. I just take a note at specifics times of the quantity of homes available for sale in my main areas of interest. I split them between condos and single family homes.

The comparison in the active listings for sale between certain dates should give us an idea about how the inventory of properties for sale is evolving throughout the last months.

The last time I had compared these inventories was May 15, 2009. I had evaluated the changes since March 19, 2009, a period of about 8 weeks, or 2 months. I saw evident signs of inventory reduction.

I had all but forgotten about the whole thing. But then, on June 10th, 2009, it occurred to me that it would be worth to do the same comparison one more time. So I just pulled out all active listings on the MLS in the same locations. And guess what? The same trend continues. Correct me if I am wrong, but except the Brickell Avenue area, there is not one neighborhood or city in South Florida where the inventory has not gone down. OK, I might be exagerating since I didn't really cover all locations. But whatever I looked at confirmed these findings.

So again, I am asking:

Is this the bottom of the market?

Does this constant reduction in the listings announce the long-due recovery?

Prices are still falling, but at a much slower pace. In many area they appear to be stable. Of course that some foreclosure sales are being made at surprisingly low prices, but these are not the whole market. And in some of the most desirable areas, (like the beaches which are my specialty areas), I can feel some pressure on the prices.

How can I explain this? Perhaps less available bargains than ever during the last year or so? Less "steals" to offer to my buyers?

We can't deny that new construction is at a standstill all over South Florida. In the last two years, only the completion of some projects has added new properties on the market. New projects are almost non-existent.

The flow of out-of-town buyers, investors, new first-home-buyers must have done its job of eroding the inventory. It will go on. The assistance that the Federal authorities are putting in place to help middle-class homeowners is starting to show. Prices have made real estate more affordable.

Perhaps not as affordable as we would hope. We can't forget that the real price is the price at which a buyer can afford it without getting in trouble. Sacrifices have always been done in order to achieve the American dream of home ownership. But you still have to feed your family, pay your water, electricity and a minimum of inescapable expenses. (let's not talk about health-related bills which for many people have become another unattainable dream). If you can pay your mortgage, taxes and maintenance fees after saving as much as possible on the rest, then the property is affordable.

Fannie Mae has traditionally ruled that housing expenses for a homeowner shouldn't exceed about 30% of his gross income. That should be the criteria to determine a reasonable market price.

But all this is not what we really want to talk about.

We are analyzing the inventories of active listings of properties for sale.

There is a factor that we cannot ignore. Foreclosures and short sales can and will increase in the immediate future, due to the end of banks "moratorium" on foreclosures but, so far, we haven’t seen a sensible effect on increasing real estate inventory. Or perhaps the acceleration of market normalization would be much more evident if these new foreclosures wouldn't be feeding the market.

This comparison is significant. Not a lot of economics and theories. Just cold facts. As much as 10% less homes for sale in less than three months.

Are we reaching bottom? I am starting to give it some serious consideration.

These are the inventories of condos and homes in some of the most important areas of South Florida.



As of March 19, 2009

As of May 15, 2009

As of June 10, 2009

Aventura Condos

1864

1769

1724

Bal Harbour Condos

270

283

255

Brickell Area Condos

810

714

772

Hallandale Beach Condos

1320

1260

1202

Hollywood Condos

1477

1608

1554

Fort Lauderdale Condos

2903

2918

2870

North Bay Village Condos

304

303

298

Pembroke Pines Condos

1096

971

926

Sunny Isles Condos

1495

1401

1367

Surfside Condos

189

172

168

Weston Condos

331

309

278

West Palm Beach Condos

2732

2510

2470

Aventura Homes

54

47

47

Coconut Grove Homes

156

156

152

Coconut Creek Homes

231

172

153

Coral Gables Homes

607

555

535

Coral Springs Homes

720

568

503

Hallandale Beach Homes

124

114

111

Hollywood Homes

1477

1288

1199

Fort Lauderdale Homes

1902

1733

1676

Miami Beach Homes

492

469

454

Pembroke Pines Homes

837

654

609

Surfside Homes

70

73

67

West Palm Beach Homes

1841

1665

1601

Weston Homes

545

487

473

Sunday, June 07, 2009

Explaining the $8,000 Tax Credit

Congress has passed legislation granting a tax credit of up to $8,000 to first-time home buyers.

Let's see what it's all about. To qualify, you need to be a:


a) First-time home buyer purchasing a home between January 1, 2009 and December 1, 2009.

Clock is ticking!


b) A“first-time home buyer” may not (or their spouse) have owned a residence during the three years prior to the purchase.


b) Tax credit is only applicable on primary residences, including: single-family homes, condos, town homes, and co-ops.


c) The maximum amount allowable is $8,000. It is determined by the price of the home . Maximum credit is 10% of the purchase price up to $8,000.

d) Only buyers with maximum incomes of $75,000 for single persons or $150,000for married couples are eligible for the whole credit of $8,000


e) Buyers with incomes between $75,000 and $95,000 if they are single or between $150,000 and $170,000 if they are married couples filing jointly, may receive the tax credit, but its amount will decrease as the income(s) approaches the maximum limit.


f) Incomes over $95,000 for singles and $170,000 for couples will automatically disqualify buyers from getting this tax credit. (God forbid you make more than $170,000 in 2009! )


g) Beneficiaries of the tax credit need NOT to pay it back, but (there is always a but!) they must occupy the home for at least three years. If they sell it during the first three years, they will have to give it back at the time of the sale.


h) The tax credit can be used to pay closing costs.


i) U.S. Department of Housing and Urban Development has ruled that, in FHA loans, the tax credit can be used upfront. Accordingly, FHA approved lenders can develop bridge loans that would allow the coverage of closing costs, or buy down their interest rate, or increase down payment over the minimum 5 percent.


j) These bridge loans cannot cover the minimum 3.5 percent down payment.


k) Of course, there are other sources of assistance for buyers needing help with the 3.5 percent down payment, including state and local government programs and nonprofit lenders.




Henry B. Nathan is a Florida Realtor at United Realty Group Inc.

and a Florida Licensed Mortgage Broker.

Call me: (954) 296-6741

Or visit my website: http://www.condo-southflorida.com/

where you can also search for


Hallandale Beach Condos, Sunny Isles Condos,

Aventura condos









Saturday, May 23, 2009

Bal Harbour Condos

The following is a useful reference of names and addresses of the most important Bal Harbour Condo Buildings.

If you just want to review all available MLS condo listings in Bal Harbour, please visit my website and review

the information about the Village at Bal Harbour, at: http://www.condo-southflorida.com/balharbour.html


You will also be able to search for condos available for sale and rent in most buildings in that area.

Just go to: CONDO SEARCH

and choose in the top-left scrolling menu the city of Bal Harbour. All buildings will be shown with their respective listings.





BAL HARBOUR CONDOMINIUM BUILDINGS DIRECTORY AND ADRESSES


ADMIRAL APARTMENTS

10160 COLLINS AV - BAL HARBOUR

AVONDALE APT

10170 COLLINS AV - BAL HARBOUR

BAL BRIDGE CONDOMINIUM

10230 COLLINS AV - BAL HARBOUR

BAL HARBOUR 101 CONDO

10155 COLLINS AV BAL HARBOUR

BAL HARBOUR COURT CONDO

32 CAMDEN DR - BAL HARBOUR

BAL HARBOUR TOWER CONDO

9999 COLLINS AV - BAL HARBOUR

BELLINI CONDO

10225 COLLINS AV - BAL HARBOUR

BLAIR HOUSE CONDOS

9102 W BAY HARBOR DR - BAL HARBOUR

BALMORAL CONDOS

9801 Collins Avenue - BAL HARBOUR

BROWNSTONE CONDOS

10178 COLLINS AV - BAL HARBOUR

CARLTON TERRACE CONDOS

10245 COLLINS AV - BAL HARBOUR

CARAVELLE CONDOS

9111 E BAY HARBOR DR - BAL HARBOUR

EVENING STAR CONDO

1152 99 ST - BAL HARBOUR

FIFTY PARK DRIVE CONDOS

50 PARK DR - BAL HARBOUR

ISLAND POINTE CONDOS

10350 W BAY HARBOR DR - BAL HARBOUR

KENILWORTH CONDOS

10205 COLLINS AV - BAL HARBOUR

LONDON TOWERS CONDOS

9381 E Bay Harbor Dr - BAL HARBOUR

MAJESTIC TOWERS

9601 COLLINS AV - BAL HARBOUR

NEW HARBOUR HOUSE

10275 COLLINS AVENUE - BAL HARBOUR

ONE BAL HARBOUR

10295 COLLINS AVENUE - BAL HARBOUR

SOLIMAR CONDOS

9595 COLLINS - BAL HARBOUR

THE PALACE AT BAL HARBOUR CONDO

10101 COLLINS AV - BAL HARBOUR

THE PLAZA OF BAL HARBOUR

10185 COLLINS AV - BAL HARBOUR

THE TIFFANY CONDOS

10175 COLLINS AV - BAL HARBOUR

WATERS EDGE HOUSE CONDOS

286 BAL BAY DR - BAL HARBOUR

Bal Harbour is one of the top destinations in South Florida; well known for its discreet elegance, posh residences, attractive beach, and world-famous Bal Harbour Shoppes. The Bal Harbour shops, a sophisticated swath of design boutiques boast the best word collections of 'creme de la creme' : Armani, Prada, Cartier, Ungaro, Dior, Hermes, Tiffany Gianfranco Ferre, Louis Vuitton, Roberto Cavalli, Versace, Chanel, Jaeger, Valentino, Zegna, Bvlgari, Yves Saint Laurent, Gucci, Ferragamo, they are all here! Saks and Neiman Marcus upscale department stores add to the mixture.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.

and a Florida Licensed Mortgage Broker.

Call me: (954) 296-6741

Or visit my website: http://www.condo-southflorida.com/

where you can also search for Bal Harbour Condos

as well as

Hallandale Beach Condos, Sunny Isles Condos


Friday, May 15, 2009

Real Estate Statistics and Market Bottom

What I can read from South Florida Real Estate Statistics

Active South Florida MLS listings "FOR SALE"

Condominiums and Single Family Homes.


In the table below, I am comparing active inventories of homes and condos in the most important areas of South Florida.

In several areas, I notice a reduction in the listings of up to 5 and 10%. The tendency is evident in all locations analyzed.

Is this the bottom of the market? A continuous reduction in the listings would eventually mean a stabilization, in the continuous deterioration of prices.

Inventory of homes for sale is an important factor to analyze, and it is also true that practically no new construction has been added to this inventory in the last two or three years, except for some late completion of condominium building.

Affluence of out-of-town buyers and investors has been slowly eroding this inventory and it will continue.

However, foreclosures and short sales could increase in the immediate future, due to the end of some banks "moratorium" on foreclosures.

In all cases, the above comparison is significant. I don't think it is too adventurous to start thinking that we might be very close to the market's bottom.

Of course, I am not a trained economist. I just use the MLS statistical tools and they reflect what I have been feeling for some time now. The best properties are being sold; the most attractive opportunities are being grabbed. Of course, incredible offers and bargains are around every corner, but there are getting scarcer to find and this definitely not going to last forever. This is not a sales pitch, I promise.

Inventory - Units for Sale

As of March 19, 2009

As of May 15, 2009

Aventura Condos

1864

1769

Bal Harbour Condos

270

283

Brickell Area Condos

810

714

Hallandale Beach Condos

1320

1260

Hollywood Condos

1477

1608

Fort Lauderdale Condos

2903

2918

North Bay Village Condos

304

303

Pembroke Pines Condos

1096

971

Sunny Isles Condos

1495

1401

Surfside Condos

189

172

Weston Condos

331

309

West Palm Beach Condos

2732

2510

Aventura Homes

54

47

Coconut Grove Homes

156

156

Coconut Creek Homes

231

172

Coral Gables Homes

607

555

Coral Springs Homes

720

568

Hallandale Beach Homes

124

114

Hollywood Homes

1477

1288

Fort Lauderdale Homes

1902

1733

Miami Beach Homes

492

469

Pembroke Pines Homes

837

654

Surfside Homes

70

73

West Palm Beach Homes

1841

1665

Weston Homes

545

487

Monday, May 11, 2009

One Bal Harbour Condos

It is evident that different professionals have different choices and most realtors tend to show more of the buildings they personally like and give less exposure to buildings where they personally wouldn't choose to live.

The One Bal Harbour building in Bal Harbour is definitely one of my preferred.

Let me describe somehow the building and then I will give you more details.

When you drive South from Sunny Isles, you will eventually cross over a bridge on the Haulover Inlet. Actually this is where the Intracoastal Waterways connects with the Ocean.



On a corner, right after the bridge, you will notice a large building directly on the water.
This is the One Bal Harbour. The location is unique, no doubt about it.

If you would like to review all units listed for sale at this building, please click here:


Otherwise, just read on. Here are the details:

One Bal Harbour
10295 Collins Avenue

Bal Harbour has been for decades a word that is synonym of posh, luxury, and tropical beauty. Of all cities alongside the Gold Coast, none is more romantic and elegant that the Village of Bal Harbour.

One Bal Harbour 's proximity to both Miami International and Fort Lauderdale International Airports, as well as its easy access to South Beach, Brickell and Downtown Miami is an important consideration. The nearby Haulover Marina Center and The Bal Harbour Club, with immediate access to the Haulover inlet and the Ocean, appeal to boat owners. And let's not forget access the famous next-door Bal Harbour Shops

One Bal Harbour, is a 26 story luxury condominium building, projected with the motto "Perfection is Singular." One Bal Harbour is one of the very few luxury towers built in Bal Harbour in years, and the first condo-hotel offered on the island in decades.






One Bal Harbour's innovative Tower Estates and Grand Penthouses range from approximately 2,000 to 8,000 square feet. Most of them boast panoramic views of the Atlantic Ocean, Intracoastal Waterway, Biscayne Bay and Miami skyline.

Adjoining the residential tower, is also a five star quality hotel, The Regent Bal Harbour. Regent International Hotels, a renowned hotelier providing the finest services and a stringent commitment to excellence, has been selected as the hotel management partner and oversees the property of this exceptional resort.

Residents of One Harbour condos can take advantage of the hotel's room service, professional spa, white glove concierge assistance, fine dining, and valet service.

At One Bal Harbour condominiums, owners not only appreciate the multiple services offered, and the amenities surrounding them, but they have the continuous joy of white beaches and aqua surf, breathtaking views and the glorious feeling of luxury living at its best.


One Bal Harbour Amenities:

Beautifully manicured gardens and lush landscaping
Tranquil pool overlooking The Atlantic
Poolside pavilion and beachside cabanas
10,000 sq. ft. world class spa
Five star quality oceanfront restaurant
State of the art fitness center
Social room with sumptuous seating, original works of art and full bar
Meeting rooms and executive boardroom with teleconferencing capabilities
Broadband wireless Internet access


One Bal Harbour Building Amenities:

Beautifully manicured gardens and lush landscaping
Tranquil pool overlooking The Atlantic
Poolside pavilion and beachside cabanas
10,000 sq. ft. world class spa
Five star quality oceanfront restaurant
State of the art fitness center
Social room with sumptuous seating
original works of art and full bar
Meeting rooms and executive boardroom with teleconferencing capabilities
Broadband wireless Internet access

One Bal Harbour Community Services and Features:

Operated by world renowned Regent
International Hotels
White glove treatment
24hour valet
24hour room service
Housekeeping
Full time concierge to assist with travel,
Dining and theatre arrangements
Executive laundry and dry cleaning services
Massage and body treatments performed by licensed professional therapists at spa.

One Bal Harbour Residence Features:
Open beachfront views of the Atlantic Ocean and Baker's Haulover Inlet
Expansive terraces with waterfront views
Floor to ceiling windows
Private elevators that open into
Grand vestibules
Dramatic 10 ft ceilings
Crown molding
Recessed incandescent lighting
Spacious walk in closets

One Bal Harbour Custom Designed Kitchens:


Granite countertops and back splashes
Italian style, custom Seimatic cabinetry
with under cabinet lighting
Stainless Steel appliances
Subzero and Wolf appliance packages
Integrated Miele coffee system
Asko high capacity, multicycle dishwasher

One Bal Harbour Master Suite Features:

Soothing Kohler Sok Infinity Edge
Overflowing bathtubs or Jacuzzi
Separate water closets
European style glass shower doors
Marble vanity with vessel type sinks
Tub decks, showers and seats


No doubt that One Bal Harbour Condos is one of the most luxurious and "posh" options for the demanding buyer. South Florida offers many great condominium buildings, but One Bal Harbour Condos is definitely a wonderful choice.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.

and a Florida Licensed Mortgage Broker.

Call me: (954) 296-6741

Or visit my website: http://www.condo-southflorida.com/

where you can also search for Bal Harbour Condos

as well as

Hallandale Beach Condos, Sunny Isles Condos





Sunday, May 10, 2009

The Beach Club Condos

The Beach Club Condos in Hallandale Beach

are definitely one of my favorite recommendations.

No matter your age, or where you come from, you will be amazed by how much social life you can built up around the wonderful amenities in the great development or if you prefer, the resort called

THE BEACH CLUB

Right on the sand, close to everything, the three Beach Club buildings, which conception and design belongs to some of the most famous builders in this area, blend sun, sea, sand, fun, with top luxury to offer you these wonderful apartments, conceived to let you enjoy the light of Florida.

Light is all around when you enter any of the units at The Beach Club.
Open floorplans, which take advantage of the floor-to-ceilings windows and sliding doors, and large balconies will make you feel in a floating world of light and water.
The breathtaking views are unique. A far-away boat, the clouds, the birds, the green and blue panoramas, it's just amazing.

Enjoy this small video about The Beach Club Two buildings. This is the central building at 1830 S. Ocean Drive, Hallandale Beach.

If you would like to review all the available listings of condos for sale at the Beach Club, please click here:



You can also visit my website:

http://www.condo-southflorida.com

where you can also find Aventura Condos, Sunny Isles Condos, Hallandale Condos.

You can call Henry B. Nathan at: (954) 206-6741

or you can





The Peninsula II Condominiums in Aventura

The Peninsula II Condos is the second of the Peninsula buildings in Aventura, delivered in 2007, is a paragon of luxury, featuring a two-story health club overlooking the bay, a spectacular two-story lobby opening to the waterfront, tennis courts, and jogging paths. All residences have floor-to-ceiling glass walls to enhance stunning views of the Intracoastal and the Ocean.

If you are looking for information or you would like to review listings for sale at the Peninsula Condos Complex in Aventura, please click here:

As soon as you walk into these units, you will notice a generous use of space. The apartments have been designed to give the feeling of a home rather than an apartment.

Quality of design and materials is evident. This is definitely one of the quality buildings in Aventura.

Peninsula II Condos in Aventura is located next to Williams Island. The affluent area of Aventura has some of the best shopping, restaurants and an exciting nightlife in all of South Florida. The location of the area enables quick access to many nearby desirable destinations; Bal Harbour, Ft. Lauderdale, and South Beach to name just a few.

The Penisula II Condos is also conveniently located within 20 minutes of Ft.lauderdale and Miami International Airports.

GENERAL FEATURES

2062 to 3,626 Square foot apartments. (not including balconies).

Guardhouse

Heated swimming pool and spa

Barbecue/ bar area in a garden setting

Sunrise terrace with shade pavilion

Recreation room

Fitness center with state-of-the-art exercise equipment, steam room and sauna.

Sunning decks with pool furniture and umbrellas

Tennis courts

Private storage facilities

Valet parking

Tinted glass for energy efficiency

Exterior doors and windows that meet or exceed

South florida hurricane standards

RESIDENCES FEATURES

High ceilings throughout

Double entry door

Marina or Water views in all residences

Security, emergency medical call and fire alarm systems with 24-hour on-call monitoring and entry door protection

Pre-wired for television, cable-tv and telephone, high-speed data transmission

Expansive open-air terraces with glass panel railings

Fire protection sprinkler systems

Sliding doors and glass balconies offering grand views of the intracoastal waterway

Individually controlled high-efficiency air conditioning and heating systems with digital thermostat

Laundry room with top of the line washer/dryer and storage

Imported cabinetry in kitchen

Granite kitchen countertops

Quality sinks and faucets

Stainless steel appliances

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.

and a Florida Licensed Mortgage Broker.

Call me: (954) 296-6741

Or visit my website: http://www.condo-southflorida.com/

where you can also search for Hallandale Beach Condos, Sunny Isles Condos

Saturday, May 09, 2009

New Construction in Downtown Miami

There has been so much new construction in the downtown area of Miami that it becomes a bit confusing to keep track of all the buildings. Some of them had many problems but have been finally completed, other have financing problems, and others are doing just fine.

Here is a list of most condo buildings in this downtown area, built between 2004 and 2009. I have included the GRAN FKA even though it is from 1986.
Some Loft buildings that shouldn't be in the downtown area, since they are more like in a "Midtown" location have also been included.

Overall this information can be useful as a directory of new construction in Downtown Miami.

I will later on try to do the same with the so called "Brickell area", to wrap up all the new construction in Miami.

For more information:

Call Henry B. Nathan - 954-296-6741

Real Estate Agent - United Realty Group Inc.

or

www.condo-southflorida.com


CONDOMINIUM BUILDINGS MIAMI DOWNTOWN AREA, BUILT BETWEEN 2004-2009

Building Name

Building Address




50 BISCAYNE

50 BISCAYNE BLVD




900 BISCAYNE

900 BISCAYNE BLVD.




BAHIA BISCAYNE

471 NE 25 ST




BAY LOFTS

455 NE 25TH ST




BAY LOFTS

45 NE 25 ST9




BISCAYNE CLUB

1800 N. BAYSHORE DRIVE




BISCAYNE PLAZA

1800 BISCAYNE PL.




BLUE

601 NE 25 ST




CITE

2000 N. BAYSHORE DRIVE




CITY 24

350 NE 24TH ST




EPIC

200, 300 BISCAYNE BLV, WAY




EVERGLADES ON THE BAY

244 BISCAYNE BLVD.




FLAGLER FIRST

101 E. FLAGLER ST




GALLERY ART

333 NE 24TH ST




HAVANA LOFTS

605 W. FLAGLER St




MARINA BLUE

888 BISCAYNE BLVD




MARQUIS

1100 BISCAYNE BLVD.




MET-1

300 S. BISCAYNE BLVD.




MIDTOWN LOFTS

3180 SW 22ND ST




MOONBAY

520 NE 29TH ST




NEO LOFTS

10 SW SOUTH RIVER DRIVE




NEO VERTIKA

690 SW 1ST CT.




NEW WAVE

725 NE 22ND ST




ONE MIAMI

325, 335 BISCAYNE BLVD




ONX ON THE BAY

665 NE 25TH ST.




OPERA TOWER

1750 N. BAYSHORE DRIVE




PARAMOUNT BAY

2066 N. BAYSHORE DRIVE




PARC LOFTS

1749 NE MIAMI CT




PLATINUM

490 NE 30 ST




QUANTUM ON THE BAY

1900 N. BAYSHORE DRIVE




SOUTH 27 LOFTS

3001 SW 27 AV.




STAR LOFTS

700 NE 25TH ST




TEN MUSEUM PAK

1040 BISCAYNE BLVD.




THE 1800 CLUB

1800 B. BAYSHORE DRIVE




THE GRAND FKA

1717 N. BAYSHORE DRIVE




THE LOFT DOWNTOWN ONE

234 NE 3RD ST




THE LOFT DOWNTOWN TWO

133 NE 2ND AVE.




THE YORKER

444 NE 20TH ST




UPTOWN LOFTS

2275 BISCAYNE BLVD.




WIND BY NEO

350 S. MIAMI AVENUE




Thursday, April 30, 2009

Sayan - Sunny Isles - Condos

Sayan Condos

16275 Collins Avenue

Sunny Isles Beach

Built in 2007

92 Units

30 Floors

One to three bedroom units

1222 to 3411 Sq. Ft.

The award-winning Sieger-Suarez architects crafted a graceful tower which effortlessly melds the elements of contemporary high-rise dynamism with the almost spiritual tranquility of the South Pacific-inspired arrival, lobby, pool-deck, and spa areas.

The sumptuous detailing of the lobby and

mezzanine levels includes extensive use of rare coquina stone. Mythic motifs inspired by exotic temples and royal palaces guard the two-story entry to the condominium residences.

The Sayan mezzanine level, including t

he spa and exercise areas, flows almost Zen-like onto a pool and sunbathing area that will astound all who behold it. The spa and exercise zone has been created as an ode to physical and mental well being. State-of-the-art exercise equipment abounds; our sauna and steam rooms are a daily temptation worth submitting to.

Sayan Condos - Building Amenities:

Oceanfront property with uninterrupted ocean views

Magnificent detailed wrought iron entry gates

Exquisite lands

caping with water features and patterned brick driveway

Neo-classic interior design with trompe- l'oeil painted ceilings

Italian marble inl

aid floors and walls

State of the art automated security system

Two luxurious guest suites

Media room

and theatre

Billiard room with cigar lounge and wine bar

Resident lounge with garden and pool views

Large infinity-edge swimming pool set amidst lush gardens and fountains

Oceanfront gazebo with poolside

shower and spa

Private beachfront cabanas

European designed his and her spa inncluding wet massage and juice bar

Aerobic - fitness center with ocean views

Private boardroom and library

Residence Features:

Italian cabinets with under counter lighting

Granite countertops with full backsplash

Kohler stainless steel kitchen sink and faucet with instant hot water dispenser.

Sub Zero 48" side-by-

side refrigerator freezer

Miele stainless steel double oven

Miele five burner gas cook top

Marble bath

room floors

Kohler bathroom fixtures

Frameless glass

enclosed shower

Kohler water closet and bidet

Kohler Purist overflowing bath spa with l

aminar flow ceiling mounts bath filler

Whirlpool duet front load washer and

For more information

Call Henry B. Nathan - 954-296-6741

or


Real Estate Agent - United Realty Group Inc.

Or click here to search units for sale at SAYAN



At www.condo-southflorida.com ,we are specialists in


Sunny Isles Beach Condos

Sunny Isles Real Estate

Aventura Real Estate

Aventura Homes

Turnberry on the Green Condos

Henry B. Nathan would like to point out to his prospective buyers this development in Aventura:

Turnberry on the Green

19501 West Country Club Drive

I noticed a somewhat younger crowd at this building. International occupants presence is evident as soon as you walk in the sumptuous lobby.

An enviable location in the heart of Aventura, perched on the 18th fairway of the world-famous Turnberry Isle Resort and Country Club, across the street from Aventura Mall, two steps from Aventura's scenic "golf" jogging path and across the bridge from some of the greatest beaches in the world.

Built in 2004

377 units

860 to 1675 Sq. Ft.

28 floors

Apartments features:

Spectacular Views of the Turnberry Golf Courses & City Skyline

Granite Kitchen & Baths

Tile Flooring in Foyer, Kitchen, & Baths

GE Profile Appliances Including:

Side-by-side Refrigerator

Microwave

Full-size Washer & Dryer in Every Unit

High-speed Wireless Internet Access

HDTV-compatible

Spacious Walk-in Closets

Pre-wiring for Telephone & Cable Outlets

Tile Flooring in Foyer, Kitchen, & Baths

Spacious Terraces

Building features:

24-hour Attended Lobby with Monitored Cameras

Concierge Services

Mail and Package Receiving Services

Individual Air Conditioned Storage Areas Available

Well equipped Fitness Center & Spa with Professional Trainers

Men's and Women's Locker Rooms with Saunas

Massage Therapy and Body Treatments Available

Aerobics/Yoga Studio with Scheduled Classes



Club/PartyRoom

Conference Room with PowerPoint Projector

Executive Business Center with and library

Gourmet Market

24-hour Valet Parking

Sparkling Lagoon Pool with Recreation Deck

Playground

Barbeque Area

Billiard Parlor

A Full Calendar of Social and Cultural Activities and Gatherings

Maid Service

Storage facilities

Multi-level Covered Parking with Controlled Access

Landscaped Walks and Lush Gardens


If you would like to see the listings of units for sale at the

Turnberry on the Green,

PLEASE CLICK HERE

For more information:

Call Henry B. Nathan - 954-296-6741

Real Estate Agent - United Realty Group Inc.

or




www.condo-southflorida.com

specialists in:

Sunny Isles Beach Condos

Sunny Isles Real Estate

Aventura Real Estate

Aventura Homes

Aventura Condos

Tuesday, April 28, 2009

Turnberry Isle Condos in Aventura

Turnberry Isle Condos

Turnberry Isle remains a symbol of Aventura opulence and luxury. The two famous Towers of Turnberry Isles were in the 80's the posh destination in Florida for the rich and famous. Still a beautiful and well maintained complex, the large units, most of them with wonderful views are still very attractive to local residents and as vacation homes. Add the magnificent social areas and amenities, great landscape and pool areas and there is not much more you can ask for a luxurious way of life.

Turnberry Isle North

19707 Turnberry Way, Aventura

Built in 1980

270 Units

30 Floors

1,077 to 2,360 Sq Ft

One to three bedroom Unit


On the NE corner of the Turnberry Isle Peninsula, is located the famous Turnberry Isle. Its glass and whitewash architecture have become a feature in Aventura.



Turnberry Isle South


19667 Turnberry Way, Aventura

Built in1982

260 Units

30 Floors

Sizes: 1,077 -3,426 sq ft

One to Four-bedroom Units

On the West side of the Intracoastal, Turnberry Isle South offers beautiful wrap-around terraces, multi-story loft units, state of the art kitchens and more luxury that most people would ever need.


In both buildings, you will find beautiful terraces and great multi-story loft floorplans. State of the art kitchen are some of the features that make this properties so unique.

Amenities include:

Marina

Spa

Tennis

Pool

Fitness Center

Restaurant

Kids’ Playground

24 hour security

Turnberry Yacht Club

Access to the Turnberry Isle Resort and Hotel facilities

Access to Pritikin Longevity Center, which offers, massage and therapy services, as well as nutrition programs.

For Active Listings of condos at Turnberry Isles in Aventura please click here:


For more information, please call

Henry B. Nathan -United Realty Group Inc,

(954) 296-6741

or




We, at www.condo-southflorida.com are specialists in


Sunny Isles Beach Condos

Sunny Isles Real Estate

Aventura Real Estate

Aventura Homes

Aventura Condos



Thursday, April 23, 2009

Florida House strikes again

Florida House approves open pricing for home insurers

Read in news-press.com - April 22, 2009


TALLAHASSEE — The House this morning passed a bill that would allow insurance companies to charge whatever premiums it wants on homeowners insurance policies, a move proponents said would attract companies to the state and let the marketplace decide appropriate rates.

The policies allowed by the proposal would not be subject to extra fees all insurance consumers are now liable for to pay back state-run Citizens Property Insurance deficits.

The bill, sponsored by Rep. Bill Proctor, was overwhelmingly passed 105-13. The Senate must still pass the bill. Gov. Charlie Crist, who has fought State Farm and other big insurance companies, has indicated in published reports that he doesn't like the bill.

Lawmakers said the bill is a response to the "unintended consequences" of Crist's insurance legislation during his first month in office in January 2007. Companies meeting certain financial soundness tests -- a combination of reserves and premium-to-loss-liability ratios -- would be eligible to sell the policies.

State Farm Florida, the state's largest private property insurer, last year was denied a requested 47 percent increase for its homeowners rates and as a result is pulling out of the state -- regulatory actions taken with authority granted in the 2007 legislation. The company said without the increase it was sure to lose money, even without a catastrophic hurricane.

The company -- and State Farm is not the only company that could take advantage of the bill's provisions -- is not saying whether it would sell the unregulated policies but its lobbyist has previously said the company does favor a change in regulations.

Rep. Marti Coley, a Marianna Republican, was among those who said people are clamoring for the change. "I hear from so many constituents who start out their letters: Please let me choose.

There was opposition expressed, even with the overwhelming vote.

"I do have a concern and that is, there is nothing in the bill that will prevent a company from charging rates much higher than what are actuarially necessary. It could lead to price gouging," said Rep. Franklin Sand, Democratic leader in the House from Weston. Proponents said the marketplace would work to find appropriate rates -- if companies set premiums too high, consumers won't buy the policies.

"For those of you who have concerns … this is not unregulated policies," said Proctor, a St. Augustine Republican. "I can count several major regulations that (state insurance regulators) will still apply on these policies. No one is compelled to buy a policy."

---------------------------------------------------------------------------------------------

My reaction:

This looks like an unbridled attack on all government regulations that aim to protect the consumer. Homeowners in Florida have seen a tremendous increase in their property taxes, their cities charges for basic services, and insurance premiums.

Even with government strong attempts at reining in homeowners' insurance premiums, Florida property owners pay higher insurance costs compared to other states.

An important factor in Florida real estate problems is the cost of ownership.

I am a permanent advocate of bringing back to reasonable limits the ever increasing greed of cities and counties governments who don't seem to understand that time has come to downgrade all these luxurious offices, services, bureaucracies; the ridiculous proliferation of police department, zoning offices, compliance offices, fire departments, etc. etc.

South Florida consists of a ridiculous amount of cities stretching up from the Keys . I have never counted them, but believe me: they are too many. And lately they have come up with new tricks to squeeze every penny off the homeowner. Since property values are down and the inflated tax bills have come down to more reasonable levels, cities and counties can't quite adjust. Even though uncountable new condos and homes have been built in the last decade and that their tax base has grown above all their expectations, they just cannot understand that we have to go back to thrift and cost controls. That charging us for previously free services, or increasing their fees to "adjust" their budget, is not the solution.

I know that, many years ago, the Jacksonville area consisted of a large amount of cities. They consolidated and we have now one entity: Jacksonville.

Can we achieve this in South Florida? Why not? This country is known for not being afraid of innovations and bold approach to solving problems. This is not as provocative a thought as it could be qualified. It just makes sense.

Regarding the insurance issue. Yes it can be resolved in a more consumer-friendly manner.

Large insurance companies cannot be left to cherry-pick the territories and services that they want to provide. Regulating insurance companies in a reasonable fashion is not as unreasonable as some of our Florida legislators want us to believe.

Does the word AIG ring a bell? Well, it was the largest US insurance company, and they left them alone and perhaps you would like me to remind you that $150 billion (or was it $180 ?) of taxpayers' money had to be spent to bail them out. They are one of the worst culprits of the terrible real estate crisis in US history. They are a good example of unregulated insurance companies. You will say that it's not a valid comparison.

I will respond that, when large corporations are allowed to only "consider their shareholders' interests", what really happens is that they rather consider "board of directors' interests". Should we allow our governments to give up their right to supervise such an important industry? I don't think so. If some of our elected officials feel that it's not up to them to protect the citizens who elected them, let's remember who they are when we pay our higher insurance bills, and also at elections time.


Where to Get Foreclosure Help

Beware "foreclosure assistance" offers

With all the dubious assistance programs and out-right scams preying on home owners facing foreclosure, it can be difficult to find legitimate help.

Here’s a list of programs that are either operated by the U.S. government or have its seal of approval:

  • Call (888) 995-HOPE, the Homeowner’s HOPE Hotline to reach a nonprofit, HUD-approved counselor through HOPE NOW, a cooperative effort of mortgage counselors and lenders to assist homeowners.
  • The Controller of the Currency’s consumer information site for banking-related questions is www.helpwithmybank.gov


Source: Controller of the Currency (04/21/2009)

Wednesday, April 22, 2009

Another assault on Florida?

There’s a move afoot in the Florida Legislature to lift the state’s ban on oil and gas exploration off Florida’s coast.

They never relent. They try again, and again, and again.

The "drill, baby, drill" philosophy is here again, a troubling affirmation of the never-ending purpose of the same old people and corporations to place their own monetary interest above all other values, such as the protection of nature, environment, our beaches, our coastline, our water, our health.

The hypocrisy of "drilling in an environmentally safe fashion" is flagrant. Everybody knows the results of offshore exploration, oil rigs, and spills

They keep insisting: "one more time,… just for a few years… till we put in place renewable energy, bla, bla, bla.

You don’t fool me, fellas. It's not about public interest. It's about lining your pockets.

They claim that they are investing in clean and renewable energy. But the percentage of these investments are minuscule, when compared to those dedicated to traditional oil and coal explorations.

So they say: let's forget the $ 150/a barrel prices. Just lay back, relax; everything will be fine and let the big boys take care of business. They know what they're doing.

Sure. The same way their colleagues and good friends at GM and Chrysler knew better and kept producing their gas-guzzlers for decades.

Do I think it's outrageous that they try to pull out this fast one on us? Hell yes.

Do I think that all their "statistics" about voters' supporting offshore drilling are fake and non-relevant? You bet.

The same considerations that have kept them from destroying our coast for 30 years have not changed today. Enough of our coral reefs are ailing or have been destroyed, and enough of our water is polluted enough to endanger ocean life; too many of our marine species are on the brink of extinction.

I have read too many articles published by the most qualified world-wide researchers , about how the critical damage caused by the abuse of our oceans and rivers is almost irreversible.

Don't tell me about "creating jobs" and "boosting the economy" and "generating revenues". Not when thousands and millions of our best jobs continue to be outsourced , without any relief in sight for the growing number of unemployed kids, while our authorities don’t seem to have a clue on how to stop this disaster.

We all know how tourism is one of the largest revenue-generator in Florida. Let's not forget how we could all be affected by this new threat.

The claim of additional revenue of about 1.5 billion, is nothing compared to the tourism revenue that we would be putting at risk.

I have seen so many times the tar-soiled sands in other beaches or the world, that the vision of this nightmare on our coastline makes me sick.

As a realtor, in addition to my personal love for Florida, I have to add my personal interest as a professional. I wouldn't like to sell the spoils of our nature to my clients. When I sell real estate here, I also sell the sun, the breeze, the water, the ocean, the fish and the blue marlin, and the Everglades. It is as much my own interest, as it is the public interest to preserve it for us, our kids, and grandchildren… and anybody who comes to visit.

And, my friends: don't you think that the time has come to get serious about renewable and clean energy? It is not something that we can afford to delay.


This is what I read in the South Florida Business Journal - April 21, 2009

Lawmaker pushes for offshore energy exploration

by Paul Brinkmann and Susan R. Miller

There’s a move afoot in the Florida Legislature to lift the state’s ban on oil and gas exploration off Florida’s coast.

It’s a proposal that proponents say would provide the state with the economic stimulus it so badly needs, but one that environmentalists fear could wreck havoc on the state’s tourism industry and beaches.

Florida’s speaker-designate, state Rep. Dean Cannon, R-Winter Park, on Tuesday unveiled the late-session proposal that would give the governor and Cabinet the power to consider applications to conduct offshore energy exploration.

With less than two weeks left in the session, the House Policy Council passed the bill Tuesday on a 17-7 vote. However, a similar measure has been stalled in the Florida Senate.

If passed by the legislature, the bill would result in the reversal of a ban on such drilling that’s been in place for three decades.

Environmental groups, including the Nature Conservancy, World Wildlife Federation, Sierra Club, Southern Alliance for Clean Energy and Audubon Society, vehemently oppose the plan and question Cannon’s motives of introducing it late in the session.

“A decision of this magnitude warrants robust discussion both legislative and public and the idea that it can be added to a bill at the last minute is troubling,” said Julie Wraithmell, wildlife policy coordinator for Audubon of Florida.

She said the fear is not only about a catastrophic spill, but the potential for the smaller, day-to-day leaks that can occur in transportation from rigs and through pipelines.

But, at least one business organization is backing the bill.

“Florida’s families and businesses are facing unprecedented economic challenges, and the potential for significant, new public revenues from oil and gas are immense,” said Barney Bishop III, president and CEO of Associated Industries of Florida (AIF). “I am confident that we can do this in a way that will protect our environment and our precious coastline, which is such a critical natural resource for our state.”

Bishop called the new drilling initiative an opportunity, but added it is not a guarantee that drilling will occur.

“It’s been our politicians that are pandering to other interests that have been against this,” he said. “As much as we all want to move in a green direction of renewable energy and nuclear, the truth is we’re all going to have to rely on fossil fuels for the next generation, at a minimum.”

Proponents argue that oil and gas leases could generate billions of dollars in new annual revenue – without raising new taxes.

AIF presented information about Cuba’s recent oil discoveries, and the revenue that neighboring states receive from oil operations. Florida’s waters don’t have nearly the amount of known oil deposits that Texas and Louisiana claim, but there are two known oil fields with millions of barrels of reserves – the northern Jay and Blackjack field and the southern Sunniland Field.

Henry Fishkind, an economist with Fishkind & Associates in Orlando, said the state could expect $31 billion in new revenue over 20 years with the current estimates of oil deposits.

AIF has pointed out that transporting oil is where the biggest risk for spills lies.

Proponents point to a recent Mason-Dixon poll that found 59 percent of Floridians generally support drilling off Florida’s coast. The survey found 79 percent would support drilling if it raises money for education, health care and environmental protection.

“Recent public opinion surveys document that Floridians have come to strongly support exploration and production of oil and gas resources off the Florida coast,” said Larry Harris, a principal with Mason-Dixon. “Nine in 10 voters (88 percent) support offshore production if it is done in an environmentally safe fashion and raises significant revenues, boosts the economy and creates jobs.


Henry B. Nathan is a real estate specialist in North Dade County, especially Sunny Isles, Aventura, and North Miami Beach.

We, at www.condo-southflorida.com are specialists in:


Sunny Isles Beach Condos

Sunny Isles Real Estate

Aventura Real Estate

Aventura Condos

Monday, April 06, 2009

Why International Buyers are interested in Sunny Isles Beach, Florida Real Estate.

By Henry B. Nathan.

I have seen since 2002 an accelerated influx of international investments in these areas. Even in the tough time the US economy is going through, our country is still considered a safe refuge for capital and investment. US real estate continues to attract foreign investors from France, Germany, Holland, the UK, and many other European countries. Asian buyers are less conspicuous, but are seeing more of them lately. Russia n investors are an increasing factor and they have a preference for some specific areas. One of them is Sunny Isles. Some of the reasons:

View of the Pinnacle Condos, built in 1998


a) The Beach. For Canadian and Russians, the fascination of the ocean, the sun, and the sand is a never ending joy. For many Floridians, the proximity of the beach as an every- day luxury, has become a habit. We occasionally open our eyes on the infinite luck of walking a few blocks, or driving a few minutes and being able to wet our feet and walk with no shoes on soft sand, enjoy a slice of pizza and a beer on the boardwalk on almost every day of the year. But whoever has endured the long and freezing winter days, the absence of sunshine for weeks and months, the claustrophobia of short days and long nights behind walls, is usually happy just by enjoying the warm rays of a Florida sun, the shorts and T-shirts, the sandals, or a drink on a restaurant deck alongside the waterways. So, we can never ignore the "Beach Factor".

b) The lowest prices since the peaks of 2004 and 2005. Nobody can deny that, in comparison with real estate values in most countries of the developed world, Florida is a bargain. We are not talking Paris or London or Moscow. We are talking about even small town in those countries; even in Canada. And South Florida hasn't lost at all its appeal.

c) To the contrary, more and more entertainment venues, attractions and facilities, are available each year. Multiple centers of interest in Fort Lauderdale and Hollywood Downtown, alongside the Sunny Isles Beach stretch, the Hollywood Broadwalk, Surfside and Bal Harbour areas, South Beach, Miami Downtown, its Art and Design Districts, you name it. Sports spectacles are of a startling variety. Professional NBA Basket Ball, Hockey. NFL Football, Professional Baseball; Florida is home of famous teams and the daily possibility of assisting to great shows is amazing. Offshore fishing, lake-fishing, canoes on the waterways are another wonderful option. Biking and running on our shaded streets and our many parks. The fashionable areas of Lincoln Road and Ocean Drive in South Beach, as well as Fort Lauderdale's Las Olas Boulevard, draw young and older crowds, with their infinite selections of bars, restaurants, night clubs and discotheques. The Latino area of Little Havana is a joy to visit. Well, this is not supposed to be a tourism brochure.

d) The weak almighty dollar. The strength of Euros, Pounds, Canadian Dollars do not inspire a total confidence to their owners. There is always this sense of the "come back of the dollar" sometime in the future. Meanwhile these currencies can be stretched at a maximum by the foreign consumer. And Real Estate is now considered a good investment, compared to Stock Market and Bank deposits.

e) The possibility of an eventual move to this area. Many buyers from the Northern part of the US, Canadians, Latin Americans and Europeans have the dream of being able one day to move to Florida. It is very common for me to hear: "a vacation home for now, maybe a second home later on and, who knows? Perhaps a place to retire one day." And buying the dream while making a good investment is quite a good reason.



f) Sunny Isles is located at the North limit of Dade County and the South of Broward County. This optimal setting allows enjoying both areas with a minimum driving time. Right in the middle between Fort Lauderdale and Miami Airports, very close to the "chic" shopping area of Aventura, with Bal Harbour shops just around the corner.

Sunny Isles has drastically changed during the last decade. From a row of older motels and hotels, the land has been redeveloped in luxurious high-rise buildings alongside the beach and the Intracoastal. Many open- air shopping plazas on the west side of Collins Avenue are home to a multiplicity of bakeries, restaurants, stores, offices, bars and all kind of business venues. This has added to the beach attraction.

Personally, I love walking to some Russian food stores and order some exotic plates at lunch time, or have a fast dinner on an outside table at an Argentine Pizzeria, or enjoy an Italian Ice Cream sitting out on a warm and breezy night.

g) There is a variety of real estate properties for all buyers.

Talk about the more affordable buildings such as Ocean View Condos, the Ocean Reserve, or the Arlen House, the Winston Towers Condos, and the Plaza of the Americas, to the newer construction at the Porto Bellagio, across the street from the ocean, where we can offer very affordable properties.

At the middle range point, let's mention the King David, some of the Oceania buildings, or La Perla Condominiums, which is a brand new building on the beach. Up in values, the Oceania, the Sayan, the Sands Pointe, the Meridien, then the Millenium, the wonderful Pinnacle which has become a landmark with its pretty architecture, the Meridien and the Ocean Point Condo-hotels.

At the top, the Ocean series, with my favorite Ocean Two building, the various Trump Condominium buildings, and I prefer the new built Trump Towers. Acqualina, the Jade Beach and Jade Ocean, and the superb Turnberry Ocean Colony, are perhaps the jewels of the crown. This is just a short mention of the many options available.

If you are still not completely convinced, just talk a walk on Collins between 150 and 190th Street at any time of the year, and let me have your comments.

Henry B. Nathan is a real estate specialist in North Dade County, especially Sunny Isles, Aventura, and North Miami Beach.

For more information, please call me at

(954) 296-6741

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