Luxury Living in Hallandale Beach
Looking for a luxurious lifestyle? Look no further than this stunning 1 bedroom, 1 bath apartment at 3180 S Ocean Dr #322, Hallandale Beach, FL 33009. Priced at $290,000, this residence is nestled in between the vibrant cities of Miami and Fort Lauderdale, just a breath away from the illustrious Golden Beach. This property epitomizes resort-style living with unparalleled security services available round-the-clock, exclusive private beach access, and a heated pool for those warm sunny days. Two state-of-the-art fitness centers and a sauna are available for the fitness enthusiast. For the business-minded, a sophisticated business center is available to meet all your needs. The apartment itself radiates elegance, with a spacious kitchen and a serene bedroom complemented by a generous walk-in closet. Experience the pinnacle of refined living in this remarkable haven. Whether you are looking for a permanent residence or a vacation getaway, this property has it all. Don't miss out on the opportunity to immerse yourself in the epitome of luxury living. - Listing Price: $290,000- Location: 3180 S Ocean Dr #322, Hallandale Beach, FL 33009- Bedroom: 1- Bathroom: 1.0- Amenities: Private beach access, heated pool, state-of-the-art fitness centers, sauna, sophisticated business center- Description: Immerse yourself in the epitome of luxury with this exquisite 1 bedroom, 1 bath apartment nestled between the vibrant cities of Miami and Fort Lauderdale. Situated just a breath away from the illustrious Golden Beach, this residence epitomizes resort-style living.
Read MoreReal Estate Market Report - Miami, FL (Nov, 2023)
Current Market Condition 5,705 Active Listings 980 Pending Listings $699,162 Median List Price View Properties for Sale Find Out Your Home Value The median sale price for homes in the area has consistently been higher than the median list price throughout the period, with a difference of around $100,000. The median sale price peaked in June 2023 at $630,000, while the lowest sale price was recorded in April 2023 at $590,000. The median list price, on the other hand, peaked in May 2023 at $541,250 and reached its lowest point in December 2022 at $475,000 before gradually increasing again. Median Sale/List Price List Price Sale Price The median sale price per square foot has been fluctuating from $351.45 in December 2022 to $387.477 in October 2023 with a steady increase overall. The highest peak was seen in June 2023 with a median sale price per square foot of $389.854. Median Sale Price per Square Foot The median sale price to list price ratio is expected to remain relatively stable over the next year, with a slight dip in early 2023 before increasing again towards the end of the year. The ratio is predicted to be highest in September 2023, at 0.981, and lowest in January 2023, at 0.967. Median Sale Price to List Price Ratio The first set of data shows that the number of properties sold/listed remained relatively steady from November 2022 to April 2023, with a slight increase in May and June, and a significant increase in August and September. The second set of data shows a decrease in the number of properties listed from February to June, with a slight increase in July and August, and a decrease again in September and October. Properties Sold/Listed Properties Listed Properties Sold The median days on market for homes in the given area in November 2022 was 29, which increased to 33 in December 2022. It peaked at 42.5 in January 2023 and then gradually decreased to 28 by July 2023. From August 2023 to October 2023, the median days on market remained constant at 28. Median Days on Market
Read MoreMiami Homes Top the List for Chinese Homebuyers: A Look at the MIAMI Association of REALTORS® Report
Miami Homes Top the List for Chinese Homebuyers: A Look at the MIAMI Association of REALTORS® Report Miami has been an attractive destination for international homebuyers for years, and a new report by the MIAMI Association of REALTORS® (MIAMI) confirms that this trend is continuing in 2023. According to the report, China posted the highest number of global web searches for Miami homes in February 2023, edging out Colombia, which has been consistently in the top two for the last 12 months. “Global buyers have accelerated their searches and purchases of South Florida real estate with fewer COVID restrictions and political-economic shifts abroad,” said MIAMI Chairman of the Board Ines Hegedus-Garcia. “China recently lifted its zero COVID policy after three years of lockdowns, which limited the travel of Chinese nationals to the U.S., and Miami real estate sells at a lower price per foot compared to other global cities like New York, London, Paris, etc.” China accounted for 12.53% of all international searches on MiamiRealtors.com in February 2023, representing a 72% increase from its percentage of searches in February 2022. Germany also made a notable move up in the Miami search rankings, zooming from No. 17 in January 2023 to No. 3 in February 2023. South Florida's appeal to international buyers is evident, as Florida has finished as the top destination for international buyers for 14 consecutive years, according to the National Association of REALTORS® 2022 International Transactions in U.S. Residential Real Estate. Florida is the No. 1 destination for foreign buyers from Colombia, Canada, Brazil, and other countries, according to the study. Miami is a bargain for prime properties ($1M and up) compared to other global cities, as highlighted by the 2023 Knight Frank Wealth Report. For $1M, homebuyers can purchase 64 square meters of prime property in Miami. That is almost four times more than Monaco (17 square meters), nearly two times more than New York (33), and London (34), and more than Paris, Sydney, Tokyo, and more. Even when considering all price ranges, South Florida is still a bargain in comparison to other global cities and U.S. metros, as per the NAR 2022 International Study. Miami-Fort Lauderdale-West Palm Beach’s price per square meter is $3,170, far below at least 30 global cities and 13+ U.S. Metros, including markets such as Hong Kong ($28,570), New York City ($17,191), San Francisco-Oakland-Hayward, CA ($8,250), Madrid, Spain ($6,173), Los Angeles-Long Beach-Glendale, CA ($4,740), and Seattle-Tacoma-Bellevue, WA ($4,460). The report also revealed that Texas topped the list for domestic Miami real estate web searches in February 2023. New York was the top state for out-of-state buyers in the South Florida area in 2022, according to the 2022 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Miami's appeal to global homebuyers is evident in the top 10 countries, international cities, and U.S. states searching MiamiRealtors.com in February 2023, as seen below. Top-10 Countries Searching MiamiRealtors.com in February 2023 China 12.53% Colombia 11.44% Germany 9.28% Venezuela 6.36% Philippines 4.36% Argentina 3.91% India 3.75% Canada 3.36% Mexico 3.17% Spain 3.06% All other countries 38.78% Top 10 International Cities Searching MiamiRealtors.com in February 2023 Berlin, Germany Bogotá, Colombia Medellín, Colombia Barquisimeto, Venezuela Maracaibo, Venezuela Buenos Aires, Argentina Cali, Colombia Caracas, Venezuela Mexico City, Mexico Madrid, Spain Top 10 U.S. States Searching MiamiRealtors.com in February 2023 Texas Washington Georgia West Virginia California Virginia North Carolina New York Ohio Illinois Top 10 U.S. Metros Searching MiamiRealtors.com in February 2023 Houston Charleston-Huntington, WV New York Atlanta Washington, D.C. Los Angeles Chicago Dallas-Ft. Worth, TX San Antonio, TX Norfolk-Portsmouth-Newport News, VA In conclusion, Miami's reputation as a top destination for international homebuyers remains strong. With a diverse range of buyers from around the world and a range of price points to choose from, it's no surprise that Miami's real estate market continues to be in high demand. As Miami continues to thrive and grow, it remains a smart investment for those looking to invest in real estate in one of the world's most sought-after destinations.
Read MoreExploring the Benefits of Investing in a Split-Unit Home in Homestead
Real estate investors are always on the lookout for properties that offer great value for money. If you are in the market for a new investment opportunity, you should consider checking out the listing for 30365 SW152nd Ct, Homestead, FL33033. This property is a full home with five bedrooms and 3.5 bathrooms, and it is split into two units. The main house is a three-bedroom, two-bathroom home, while the attached townhome is a two-bedroom,1.5-bathroom property that is currently leased to a great tenant at a rate of $1200 per month. The listing price for this property is $540,000, making it an attractive investment option for those looking for a profitable venture. Here are some of the benefits that this property can offer: 1. Dual-income potential: One of the most significant benefits of investing in a split-unit home is the potential to earn dual income from a single property. In this case, you have the main house that you can rent out separately, while the attached townhome is already leased to a tenant. This means that you can start earning rental income right away without the need to find a tenant. 2. Flexibility: The attached townhome can easily open up to convert the property into a full five-bedroom home. This flexibility provides you with the option to adjust the property according to your needs. You can choose to rent out the entire property as a single unit or keep the two units separate to accommodate more tenants. 3. Great location: The property's location is another excellent feature worth considering. It is located in Homestead, which is a growing city in Miami-Dade County. The property is close to Homestead Baptist Hospital, restaurants, schools, and other essential amenities. This means that your tenants will have easy access to all the necessary services, making it a desirable location to live in. 4. Low maintenance costs: Investing in a property with a new roof and central air conditioning system can help reduce maintenance costs over time. The roof of this property is only five years old, while one of the AC units is brand new, and the other has been rebuilt. This means that you won't have to worry about major repair or replacement costs for these crucial components anytime soon. In conclusion, investing in a split-unit home in Homestead can be an excellent opportunity for real estate investors. This property offers dual-income potential, flexibility, a great location, and low maintenance costs. It is an attractive investment option that can provide long-term benefits for you and your tenants. If you are interested in exploring this opportunity, contact a reputable real estate agent today to schedule a viewing.
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