Publix Launches 15-Minute Delivery Service in Several Miami Neighborhoods Posted on April 28, 2022April 29, 2022 by Sarah Elles Boggs Who hasn’t gotten halfway through cooking dinner, only to realize that you have forgotten one ingredient at the store? Such a pain. Some of us are lucky enough to live in a building like Infinity at Brickell or Brickell Heights with a Publix next door, or even a Publix in the building, like Nine at Mary Brickell Village, but not everyone has this luxury. Well, Publix is again to our rescue by offering 15-minute delivery to select Miami neighborhoods. In response to the “I want it now” mentality that urbanites now unapologetically embrace, Publix and Instacart have teamed up to offer 15-minute delivery in several Miami neighborhoods. Residents can now use their Instacart app or Publix app (use the Quick Picks section) to order a quick chicken tender sub, produce, frozen items, basically any small order and it will be at your door in 15 minutes, even offering free delivery for orders over $10. The orders are fulfilled through Instacart’s new “Carrot Warehouses”, which are nano-fulfillment centers located throughout the neighborhoods that currently offer the service. The centers are operated by Instacart on Publix’s behalf, which also allows them to fulfill orders after regular business hours. Many might remember that just a few years back, Amazon tested their new 1-hour delivery service in Miami. It took off extremely quickly, changing the demand in markets across the US. This is just the next chapter in an evolving market, using the hottest neighborhoods in the country as a testing ground. The service is currently available in Brickell, Wynwood and Coral Gables, but is expected to expand quickly, as did Amazon’s 1-hour service a few years back. We think even Elon Musk would be unable to find any more improvements to Publix’s service and quality. Thank you Publix and Instacart! All hail our blessed Publix!
Covid-19 was the Stimulus for Record-Breaking Sales in Miami Posted on September 19, 2020 by Michael Light Earlier this year, the virus/pandemic/lockdown (most people interchange any of these words) caused many to consider the Miami Beach real estate market on its way to crashing and burning. Everywhere I looked, headlines were written to induce visions of post-2008, plummeting values, end-of-the-world type catastrophic hyperbole that almost seemed like a self-fulfilling prophecy…many almost rooting for this. I’ve had calls and emails with many clients both locally and globally that asked how bad things would get and how much real estate value they would lose. I even have one client who sends me YouTube videos of so-called “experts” predicting real estate values crashing. I will tell those of you reading this the same thing I told them…you CANNOT look at things, especially real estate, on such a “macro” level – the overall real estate market in the U.S. or Florida or even Miami-Dade County has no bearing on your small pocket/neighborhood/community/street or building! You must think locally! If you ask a real estate agent “how is the real estate market” and they begin answering that question, as asked, take caution! No one can possibly answer such a broad question like that without understanding what neighborhood…what price point…what criteria…sales velocity/absorption rate/months of supply…houses or condos? Asking such a broad question will never get you an accurate answer. Furthermore, if you own a $10M waterfront home in Miami Beach, do you really care how the $500k condo market in Brickell is affecting the “real estate market?” Do you see what I mean when I say you cannot focus on the “macro” or overall view, but you must think local? If we look at $10M+ inventory, most people would not believe that the last 6 months may have been the most active, record-setting time period in the history of Miami real estate…and this includes the dreaded pandemic! Star Island in Miami Beach: There are only 28 homes on Star Island in Miami Beach plus 6 vacant lots. If you look back at the sales history of homes on the island, only 1 sale occurs every couple of years. Would you be surprised, if not amazed, that 4 homes have sold, 3 land sales closed PLUS 1 more home is currently pending contract on Star Island within the last 4 months? 22 Star Island – Sold for $49.5M July 2020 (Robert Kraft, owner of the New England Patriots, rumored to be the buyer) 11 & 12 Star Island – Sold for $37M August 2020 (THIS WAS A LAND SALE – 80,000 sq/ft lot – purchased by billionaire hedge fund manager Ken Griffin) 13 Star Island – Sold for $32.5M August 2020 (A-Rod and J-Lo rumored to be the buyers) 14 Star Island – Sold for $24M August 2020 29 Star Island – Sold for $20.1M September 2020 34 Star Island – Sold for $12M July 2020 (Land Sale – 40,000 sq/ft lot) 44 Star Island – Sold for $10M May 2020 (Land Sale – 48,266 sq/ft lot) 46 Star Island – Under Contract (Was Asking $39.95M) Gables Estates in Coral Gables: There are 192 homes, most are waterfront, within Gables Estates in Coral Gables. Known as the most exclusive gated community in Coral Gables, Gables Estates has only seen 9 closed sales over $10M during the past 5 years…but, during this supposed “collapsing” market, there have been 8 sales in the past 5 months alone! 620 Arvida Parkway – Sold for $49M April 2020 21 Casuarina Concourse – Sold for $37.5M June 2020 700 Casuarina Concourse – Sold for $30M April 2020 (Pharrell rumored to be the buyer) 90 Leucadendra Drive – Sold for $22M July 2020 115 Arvida Parkway – Sold for $20M August 2020 340 Leucadendra Drive – Sold for $12.25M July 2020 (Partially Completed Home – Under Construction) 150 Arvida Parkway – Under Contract (Was Asking $48M) 500 Arvida Parkway – Under Contract (Was Asking $21.9M) In addition to the two exclusive communities above, below is a list of additional, notable $10M+ closed sales over the past 6 months: 1510 W 25th Street – Sold for $24.5M August 2020 (Sunset Islands in Miami Beach) 252 Bal Bay Drive – Sold for $23.25M July 2020 (Bal Harbour) 19 Palm Avenue – Sold for $20.5M August 2020 (Palm Island in Miami Beach) 15 Palm Avenue – Sold for $19.75M August 2020 (Palm Island in Miami Beach) 38 Indian Creek Island Road – Sold for $17.028M April 2020 (Indian Creek Island) 23 Tahiti Beach Island Road – Sold for $16M April 2020 (Tahiti Beach in Coral Gables) 1635 W 22nd Street – Sold for $15M August 2020 (Sunset Islands in Miami Beach) 5050 North Bay Road – Sold for $14.2M February 2020 (North Bay Road in Miami Beach) 941 N Venetian Drive – Sold for $13.6M September 2020 (Venetian Islands in Miami Beach) 1525 N View Drive – Sold for $12.002M June 2020 (Sunset Islands in Miami Beach) 5212 North Bay Road – Sold for $11.1M August 2020 (Teardown for Land Value – North Bay Road in Miami Beach) 70 Palm Avenue – Sold for $10.85M July 2020 (Needs a Massive Facelift – Palm Island in Miami Beach) 4420 North Bay Road – Sold for $10.8M August 2020 (North Bay Road in Miami Beach) 445 + 441 E Rivo Alto Drive – Under Contract (Was Asking $19.9M on the Venetian Islands in Miami Beach) 6650 Allison Road – Under Contract (Was Asking $15.9M on Allison Island in Miami Beach) 460 N Mashta Drive – Under Contract (Was Asking $15.5M on Mashta Island in Key Biscayne) 555 Reinante Avenue – Under Contract (Was Asking $15.495M in Old Cutler Bay in Coral Gables) 35 E Dilido Drive – Under Contract (Was Asking $14.85M on the Venetian Islands in Miami Beach) 436 W Rivo Alto Drive – Under Contract (Was Asking $14.75M on the Venetian Islands in Miami Beach) 709 E Dilido Drive – Under Contract (Was Asking $10.9M on the Venetian Islands in Miami Beach) The sales above in the Miami & Miami Beach area do not just show that the market is active, they show that the appetite for luxury single-family homes is the highest it has ever been AND that we are in a Seller’s Market at this price point! If you are from New York, New Jersey, Chicago, California (places most of the buyers are coming from while “escaping” Covid-19 in their cities), you have to understand that though the real estate market where you are coming from might be “down” at this price point, it does not mean that our market is following suit. If you, or someone you know, would like to buy or sell real estate in Miami, please contact me, Michael Light, Founder/Owner of the Light Group at Douglas Elliman Real Estate. You may reach me directly at my office at 305-350-9842, on my cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com.
Douglas Elliman Represented 4 of the Top 8 Sales of 2018 in Miami-Dade County Posted on February 5, 2019February 5, 2019 by Michael Light As a seller, there is a lot that goes into the decision-making processing when selling your home, and one of the most important decisions is the agent and brokerage that you choose to represent you. Although this is important for all price points, it is crucial when your home falls into the uber-luxury category – commanding a price point north of $20M. So, when you pick a listing agent for your luxury home in Miami or Miami Beach, make sure that agent works for a successful brokerage that statistically proves RESULTS, like Douglas Elliman. Top 8 Sales of 2018 in Miami-Dade County: #1 – 4-5 Star Island Drive | Star Island Miami Beach | Sold for $33,000,000 – Douglas Elliman represented Seller & Buyer #2 – 321 Ocean PH | South of Fifth | Sold for $26,000,000 – Douglas Elliman represented Seller & Buyer #3 – 960 Harbor Drive | Key Biscayne | Sold for $22,000,000 (Auction Sale) #4 – 4609 Pine Tree Drive | Pine Tree Drive Miami Beach | Sold for $21,750,000 – Douglas Elliman represented Seller #5 – 15 Palm Avenue | Palm Island Miami Beach | Sold for $20,375,000 #6 – 3550 Matheson Avenue | Coconut Grove | Sold for $19,750,000 #7 – 4395 Pine Tree Drive | Pine Tree Drive Miami Beach | Sold for $19,250,000 #8 – 300 Costanera Road | Coral Gables | Sold for $19,000,000 – Douglas Elliman represented Seller About Douglas Elliman Real Estate Established in 1911, Douglas Elliman has grown to become the most reputable luxury real estate firm in the country. As the market leaders in New York, South Florida, California, Connecticut, Colorado and New Jersey, Douglas Elliman closed more than $26+ Billion in real estate transactions in 2017 making it the 3rd largest residential real estate brokerage in the country by sales volume and the #1 luxury real estate brokerage in America. In addition, Douglas Elliman has strategically partnered with Knight Frank Residential of London to extend their powerful real estate network to 523 offices in 60 countries across 6 continents. If you are buying or selling a luxury home or condo in South Florida, please contact Broker Michael Light. Michael is the Senior Director of Luxury Sales and a member of the exclusive Sports & Entertainment Division at Douglas Elliman Real Estate. You may reach Michael directly at (786) 566-1700 or michael@miamiluxuryhomes.com. Disclaimer: The statistics referenced herein were retrieved from the Multiple Listing Service (MLS) on January 28, 2019. Any closed sales not listed in the MLS are not included in the statistics referenced herein. The information contained herein is for informative purposes only and should not be relied upon.
Miami Events Schedule for 2019 Posted on January 18, 2019January 21, 2019 by Michael Light Miami, with its surrounding neighborhoods and beaches, offer an exciting, eclectic variety of events that take place each and every year in the Magic City, and I would like to share with you some of these fun events that will take place in 2019. EVENT AREA DATE Miami Jewish Film Festival Miami/Miami Beach January 10-24 Wodapalooza Miami Fitness Festival Downtown Miami January 17-20 Art Deco Weekend Miami Beach January 18-21 Dr. Martin Luther King Jr. Day Parade Liberty City January 21 Fairchild’s Chocolate Festival Coral Gables January 25-27 Wynwood Life Festival Wynwood January 25-27 Gala in the Garden (Fairchild) Coral Gables January 26 Fine Arts Festival at Pinecrest Gardens Pinecrest January 26-27 Coral Gables Festival of the Arts Coral Gables January 26-27 Miami Marathon & Half Marathon Downtown Miami January 27 Splendor in the Garden at Fairchild Coral Gables January 31 Taste of the Garden Miami Beach January 31 Groundup Music Festival Miami Beach February 8-10 Habitat for Humanity Blitz Build 2019 Miami February 8-23 Miami International Boat Show Key Biscayne February 14-18 Art Wynwood Wynwood February 14-18 Model Beach Volleyball Tournament Miami Beach February 16-17 Coconut Grove Arts Festival Coconut Grove February 16-18 Gay8 Festival Little Havana February 17 South Beach Wine & Food Festival Miami Beach February 20-24 Winter Party Festival Miami Beach February 27-March 5 Miami Home Design & Remodeling Show Miami Beach March 1-3 Miami Film Festival Downtown Miami March 1-10 Cordials & Candy Coral Gables March 2 Carnaval on the Mile Coral Gables March 2-3 Cork & Fork Coral Gables March 2-3 Bacardi Miami Sailing Week & Bacardi Cup Coconut Grove March 3-9 9 Mile Music Festival Key Biscayne March 9 Miami Invasion of Jazz in the Gardens Miami Gardens March 9-10 Calle Ocho Music Festival Little Havana March 10 Miami-Dade County Fair & Exposition Miami March 14-April 7 Miami Open f/k/a Sony Open (Tennis) Miami Gardens March 18-31 Winter Music Conference Miami Beach March 25-28 Ultra Music Festival Virginia Beach Key March 29-31 Deering Seafood Festival Cutler Bay March 31 Miami Beach Gay Pride Miami Beach April 1-7 The Longines Global Champions Tour Miami Beach April 5-7 Miami Riverday Festival Downtown Miami April 6 Outshine Film Festival Miami April 18-28 Mercedes Benz Corporate Run Downtown Miami April 25 Miami Beach Polo World Cup Miami Beach April 25-28 SoFlo Cake and Candy Expo 2019 Miami April 27-28 South Florida Taste of the Nation (No Kid Hungry) Wynwood May 17 Best of the Best Music Fest Downtown Miami May 26 Miami Fashion Show Miami May 29-June 2 Out in the Tropics Festival Miami Beach June TBD Fourth of July Fireworks and Festivities Throughout Miami July 4 International Mango Festival Coral Gables July 14-15 Miami Swim Week Miami Beach July TBD St. Jude Walk/Run 5k Miami September TBD South Florida Seafood Festival Key Biscayne October 19-20 South Beach Seafood Festival Miami Beach October 26 Grovetoberfest Coconut Grove October TBA Miami International Auto Show Miami Beach November 1-10 The Seed Food & Wine Festival Miami Beach November 7-11 Miami Beach Annual Veteran’s Day Parade Miami Beach November 11 NASCAR Ford Championship Weekend Homestead November 16-18 Harvest Festival South Miami November TBD Great Grove Bed Race Coconut Grove November TBD Art Miami Downtown Miami December 3-8 Art Basel Miami Beach & Throughout Miami December 5-8 King Mango Strut Parade Coconut Grove December 29 2019 Monthly Miami Specials Miami and the Beaches also offer monthly “temptation programs,” which offer locals and visitors alike, money-saving specials on something different each month. See below for each month’s cool theme! January: Miami Arts & Heritage Month February & March: Miami Health & Wellness Months April & May: Miami Attractions Months June – September: Miami Hotel Months July & August: Miami Spa Months August & September: Miami Spice Months October & November: Miami Entertainment Months December: Miami Arts & Heritage Month Disclaimer – Miami Luxury Homes is not affiliated and/or working on behalf of any of the above-referenced events and/or organizations. This information is for informative purposes only and is not to be relied upon. Dates are subject to change without notice. This is not an inclusive list of the events in and around Miami that will take place in 2019.
Coral Gables – September 2018 Market Snapshot Posted on September 27, 2018 by Michael Light The Coral Gables September, 2018 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask, “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently For Sale (as of 09/24/2018) Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 09/24/2018) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 09/24/2018) If you are interested in buying or selling a home in Coral Gables, or simply would like more information about the current state of the real estate market in Coral Gables, please contact Michael Light, Broker Associate and Senior Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on September 24, 2018.
Coral Gables – May 2018 Market Snapshot Posted on May 19, 2018 by Michael Light The Coral Gables May, 2018 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask, “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently For Sale (as of 05/14/2018) Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 05/14/2018) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 05/14/2018) If you are interested in buying or selling a home in Coral Gables, or simply would like more information about the current state of the real estate market in Coral Gables, please contact Michael Light, Broker Associate and Senior Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on May 14, 2018
Gables Station | New Coral Gables Mixed-Use Project with ‘Urban Living Room’ Posted on May 4, 2018 by Michael Light Gables Station is a new transit-oriented, mixed-use project located along the US-1 corridor in Coral Gables. Situated just steps from The Underline, Gables Station will offer approximately 450 residential units, over 105,000 square feet of commercial space including a variety of cafes and other eateries, various shopping and wellness/lifestyle tenants, along with approximately 1,000 parking spaces. This mixed-use project will also be home to an “Urban Living Room,” which is a grand plaza for people to get together, eat, walk and enjoy amenities in the middle of an urban neighborhood. This plaza has been created to mimic many historic European cities to incorporate historic elements into this modern-designed project. About Gables Station Development, Architecture & Design Gables Station is being developed by NP International and 54 Madison Partners. NP International is a 4th-generation family-run business with over 100 years of experience that prides itself on creating distinctive, high-quality and sustainable mixed-use designs that complement a neighborhood. 54 Madison Partners is a New York-based real estate private-equity investment affiliate of Leucadia National Corporation, a diversified holding company with more than 35 years of experience and over $11 billion of long-term capital. Gables Station was designed by a collaboration between Gensler, a leading global collaborative design firm, and local architect Jorge Hernandez who is behind the renovation of the Coral Gables Museum. The design of Gables Station is reminiscent of both Mediterranean design, which is the most common design in Coral Gables, and classic Caribbean. The architects strategically planned the design of Gables Station. The multi-use project has been divided into 3 different buildings, with buildings 1 and 2 being residential buildings with ground-floor retail spaces and building 3 as a limited-service, extended-stay hotel with a huge ground-level retail space. There will also be approximately 1,000 parking spaces within the project as well as ample commercial space including restaurants and a park. Below is a list of what will be included in each building. Buildings 1 & 2 Total of 450 residential units 19,000 SF of ground-level retail space in Building 1 (facing the Underline) 18,000 SF of ground-level retail space in Building 2 (facing the Underline) 5 floors of parking in each building U-Shaped pool decks Building 3 66 hotel rooms 68,000 SF of ground-level retail space including a variety of wellness & lifestyle tenants 3 floors of residences above hotel rooms Urban ‘Living Room’ Gables Station’s master design plan incorporates many historical elements of international cities combined with the urbanism of a new modern city. Further, traditional elements found in many European cities such as palm-lined medians, walking paths and a grand square will be included in the plans for this project, but the overall design of the project is modern. The plans include such traditional elements as a cafe-lined square between buildings 2 & 3, which will be reminiscent of public spaces in Paris and Rome…a place to walk, eat and gather with friends in an urban environment. This square will be the focal point of the entire project, dubbed the ‘Urban Living Room’ of Gables Station and will be filled with cafes, umbrella-covered seating, palm trees and shade trees. A large green median will also be included on the west side of the Metrorail, lined with palm trees and complemented with a water fountain. Gables Station’s Urban Living Room Entrance to Gables Station Square Location & Neighborhood Gables Station will be situated on a narrow lot between US-1 and the Miami Metrorail. The project’s main intersections are Ponce de Leon Boulevard on the north and the intersection where Le Jeune Road and Grand Avenue meet on the south end. Located along the US-1 corridor, which is the transit spine of mainland Miami and Coral Gables, Gables Station will be ideally located in an area where it will be easy to get around neighborhood-to-neighborhood, whether by car, walking, biking or hopping on the Metrorail which is only steps from Gables Station. Further, Gables Station will be located next to the upscale, outdoor shopping mall, Merrick Park which offers a variety of shopping and restaurants, and minutes from the University of Miami, Downtown Coral Gables, Coconut Grove and South Miami. The Underline and Gables Station Park Together, The Underline and Gables Station will be the largest park in Coral Gables. The Underline is a 10-mile linear park that will stretch all the way from Brickell to Dadeland and will completely transform the currently underutilized land underneath the Miami Metrorail into a beautiful linear park and urban trail that will be fully integrated into Miami-Dade County’s transit system and the vision of Gables Station. Further, the developer of Gables Station will fund a half mile of the 10-mile Underline to ensure that the Underline is integrated seamlessly into Gables Station. The additional green space that will be located on the Gables Station lot, dubbed Gables Station Park, will blend with the Underline green spaces to create the largest park in Coral Gables encompassing nearly 3 acres. Rendering of the South Corner View of Gables Station Aerial Rendering of Gables Station If you, or someone you know, would like more information about Gables Station in Coral Gables, please contact Broker Associate Michael Light. You may reach Michael directly at (305) 350-9842 or michael@miamiluxuryhomes.com.
Coral Gables – February, 2018 Market Snapshot Posted on February 16, 2018 by Michael Light The Coral Gables February, 2018 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask, “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently For Sale (as of 02/15/18) Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 02/15/18) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 02/15/18) If you are interested in buying or selling a home in Coral Gables, or simply would like more information about the current state of the real estate market in Coral Gables, please contact Michael Light, Broker Associate and Senior Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on February 15, 2018