Miami Luxury Homes Celebrates Its First Year! Posted on January 17, 2014 by Michael Light Today is the official 1 year mark since Miami Luxury Homes was born, and I have to say, it has been a great year! Between our record-breaking sale at W South Beach and our record-breaking sale at Marina Blue, our first year has been even better than we could have hoped. It took my team 5 long months to design www.miamiluxuryhomes.com, and we are very happy with the finished product. Though we have some bugs to work out, we really appreciate all of the great feedback we have received from our clients and followers and will continue to make updates and changes based on your input. I want to personally say Thank You Very Much for all of your support in making this first year a success. Miami Luxury Homes promises to work hard to earn your trust and business everyday. Thank you, Michael
Michael Light Sells Marina Blue Unit 3607 at Record Price! Posted on October 2, 2013February 4, 2017 by Michael Light For those of you who do not know, Marina Blue is one of the hottest buildings in Miami and has been for a while. In yet another sign of how prices have skyrocketed in the building, my listing, Marina Blue Unit 3607, closed today at $395,000. That might not sound like a lot, but when you look at the price per square foot (“SQ/FT”), it is the highest ever paid for a 1 bedroom in Marina Blue’s history! Let’s look at the numbers: Unit 3607 – 1 Bedroom / 1.5 Bathroom 833 SQ/FT of Interior 153 SQ/FT Terrace Sales Price: $395,000 Price Per SQ/FT: $474.19 Miami Luxury Homes listed Unit 3607 as having dark hardwood floors throughout and custom wenge “California” style closets. Stainless steel appliances, granite counters and white gloss lacquered Italian cabinetry in the kitchen. The master bath has a dual bowl vanity with marble top, marble floor, bidet and European style “wet room” shower and roman soaking tub. 9-foot ceilings with impact resistant glass doors and direct views of Biscayne Bay, Atlantic Ocean and Downtown Miami skyline. In the last 6 months, there have been 18 units sold at Marina Blue with the price per SQ/FT ranging from $384 up to the highest closing ever, Unit 4408 at $495 per SQ/FT. This makes Unit 3607 the highest EVER paid for a 1 bedroom and the second highest EVER paid for any size unit at Marina Blue, based on the Multiple Listing Service (“MLS”) data at the time of this writing. Let’s take a look at all sales in the past 6 months. This picture is a screenshot of the MLS as Miami real estate agents see it. It is in descending order based on sales price per square foot (“SP$/Sq/Ft”): Right now, there is currently less than 5 months of available inventory in Downtown Miami. What this means is that if no more inventory was added to the market and sales continue at the current pace, all condos currently available would sell out in less than 5 months. When inventory falls below a 5 month supply, it becomes a seller’s market. If you have thought about selling your condo in the past, NOW IS THE TIME! If you or someone you know are considering selling, please contact me. I understand what it takes to market your property to sell for the highest price possible in the least amount of time, and I provide a full list of services for sellers. I appreciate the opportunity to earn your business. Here are some additional photos:
Welcome to my Miami Luxury Real Estate Blog Posted on June 12, 2013May 6, 2017 by Michael Light Hello, my name is Michael Light, and I welcome you to the Miami Luxury Homes Blog! The purpose of this blog is simple…to make You an expert on all things real estate in Miami. Whether it is the newest Coconut Grove condo development breaking ground, current market trends for a specific area or even an insider secret I have gotten from one of my sources, I will be writing about all aspects of Miami real estate. After five years as a mortgage broker in Chicago, Illinois, I moved to Miami, Florida and became a full-time real estate agent. Since moving to Miami in 2009, during the worst economic downturn in history, I have sold over $50 million of Miami real estate. My experiences as a commercial construction foreman, to real estate finance and now real estate sales, give me a distinct advantage over other Miami real estate agents. I think you would be hard-pressed to find another Miami Realtor® who understands building materials and construction, can help you coordinate and explain your mortgage financing, AND negotiate your purchase or sale of a Miami luxury home effectively. I have one request: if you work for a developer, please add me to your PR list ASAP. If you are starting a new Miami real estate project, please email me high-resolution images of the project and a spec sheet at the very instant you launch. Our press release email is info@miamiluxuryhomes.com. If you are a Miami real estate insider, please send tips and information to the same address. Enough said, let’s get started. If there is something you would like to see, have a question, or just feel lonely, shoot me an email. Here we go, let’s have some fun!