Tag: Miami Condo Inventory
Miami Beach Loft Condos – Open Living Environment
by AshtonColeman on May.26, 2010, under Buyers of South Florida, Condos and Development, Investments, Miami Beach Condos, Miami Beach Lofts, North Bay Village Condos, North Bay Village Lofts, South Beach Condos, South Beach Lofts
South Beach & Miami Beach lofts were almost unheard of until the real estate boom from 2002 to 2005. As developers looked for something fresh and unique, the loft craze took off and yet still only make up a small fraction of Miami condo inventory. Originally popular with artists, they are now highly sought-after by others looking for open “creative” space. Different than the normal boxed in condominium, a loft condo is a 2-story adaptable open space created for residential use. While some of these loft units were created by developers during the renovation of old buildings such as found in Downtown Miami, a number of them are brand new mid-rise developments as seen along the Miami beaches.
The loft term was used loosely in 2003 with loft condos becoming difficult to acquire and typically priced over $500,000 while today they begin as low as $275,000. Loft-style refers to an open space with high ceilings and typically only 1-story, while a true traditional loft is a 2-story floor plan usually opened up from the living room (as seen below) exposing the upper or lower areas. A Miami loft is not to be confused with a townhome which has the open areas enclosed adding additional interior space yet having stairs leading to the upper level of the residence. Both types of lofts offer buyers or tenants proximity to urban amenities afforded by traditional lofts, but without perceived safety risks of living in economically depressed formerly industrial areas. Below we will explore Miami Beach loft condo inventory and the differences from South Miami Beach up to the island of North Bay Village and North Beach (NoBe) and in no special order.
South Beach Lofts
- Ilona Lofts South Beach
- Sundance (townhome) South Beach
- Absolut Lofts South Beach
- Alliage Lofts South Beach
- Manhattan Lofts South Beach
- SoBe Bay Lofts South Beach
- South of Fifth Lofts South Beach
- Meridian (Loft Style) South Beach
- Montclair (Loft Style) South Beach
- Neville (Loft Style) South Beach
- Nine 45 Lofts South Beach
- The Lofts at South Beach
- El Cyclon Lofts South Beach
- Industry (Loft Style) South Beach
Miami Beach Lofts
- Bay View Lofts Miami Beach
- Vilasol Lofts North Miami Beach (NoBe)
- Vilamur Lofts North Miami Beach (NoBe)
- Vilazul Lofts North Miami Beach (NoBe)
North Bay Village Lofts
For additional Miami Beach Loft information or to inquire on purchasing or leasing call or write 1.888.383.7326
Southeast Florida Condo Stats on REO Bank Owned & Short Sale Percentages
by Ashton Coleman on Dec.10, 2008, under Buyers of South Florida, Seller's of South Florida
I’ve been curious how each city is doing when evaluating selected South Florida entities and their total Condo Inventory vs. Bank Owned (REO’s) and Short Sales. My attorney added to my curiosity so here it is below… These figures are derived from the MLS and Miami is still one of the biggest and baddest for foreclosures and short sales. The average of all selected cities below (bank owned) figure is 4.53% of total inventory. We’ll evaluate this again 1Q 2009 and see what directions & changes may have occurred.
| CITY | TOTAL CONDOS | REO (BANK OWNED) | SHORT SALE |
| Aventura | 2060 | 40 – 2% | 356 – 17% |
| Bal Harbour | 260 | 1 – N/A | 20 – 8% |
| Coral Gables | 314 | 9 – 3% | 36 – 11% |
| Davie | 546 | 36 – 7% | 178 – 33% |
| Doral | 826 | 42 – 5% | 454 – 55% |
| Eastern Shores | 48 | 1 – N/A | 8 – 17% |
| Fisher Island | 111 | 0 – N/A | 9 – 8% |
| Fort Lauderdale | 2662 | 78 – 3% | 408 – 15% |
| Hallandale | 1399 | 37 – 3% | 258 – 18% |
| Hialeah | 898 | 75 – 8% | 462 – 51% |
| Hollywood | 1773 | 66 – 4% | 450 – 25% |
| Kendall | 57 | 2 – 4% | 24 – 42% |
| Key Biscayne | 314 | 1 – N/A | 15 – 5% |
| Laudrdale by the Sea | 260 | 6 – 2% | 19 – 7% |
| Miami | 7828 | 408 – 5% | 2433 – 31% |
| Miami Beach | 3928 | 88 – 2% | 585 – 15% |
| Miami Shores | 37 | 3 – 8% | 7 – 19% |
| North Bay Village | 328 | 19 – 6% | 104 – 32% |
| Pembroke Pines | 1201 | 90 – 7% | 425 – 35% |
| Sunny Isles Beach | 1530 | 30 – 2% | 315 – 21% |
| Surfside | 200 | 9 – 5% | 28 – 14% |
| Weston | 393 | 18 – 5% | 174 – 44% |
| Wilton Manors | 164 | 8 – 5% | 48 – 29% |
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