Raanan Katz RK Centers Miami

Raanan Katz on Miami Commercial Real Estate

Neighborhoods of Miami

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Miami is home to many unique and interesting neighborhoods and each one has its own personality. Some areas are better for families while others are great for college students and young adults who enjoy the nightlife. Miami offers a wide variety of different vibes from calm and tranquil areas to active business districts. No matter what you’re looking for in a neighborhood, Miami is sure to have a spot for you.

Miami_neighborhoods_map

 

South Beach

I have mentioned South Beach many times in my articles because it has so many interesting Art Deco designed buildings in it. It’s a great place for active young adults that want a neighborhood that feels alive all the time. If you are a lover of the beach, Miami is always going to be a great place to live, but South Beach is the best location to get the most of living close to the ocean. For those with families, South Beach might not be the best option because there’s little room to move around because it is so crowded, but for those looking for a great nightlife spot and gorgeous places to walk, check out this neighborhood.

 

Coral Gables

If you’d rather have more room to move around then Coral Gables is a great spot to look. This area is more residential than South Beach but is just as beautiful. They have a great art culture, offering events every first Friday of the month. According to the website for the city of Coral Gables, this area has 11 places that are listed on the National Register of Historic Places. For families, Coral Gables seems like the perfect place to live with it’s great selection of private and public schools, as well as lovely gardens and interesting museums for the whole family.

 

Brickell

This neighborhood has seen tremendous growth in recent years and has become one of the up and coming areas of Miami. Located in the Financial District, Brickell is easy to navigate with readily available transportation options to other parts of Miami and is easily walkable. This neighborhood is a great choice for young professionals that want to be close to their jobs downtown and also have sophisticated shopping areas and an array of restaurants to pick from each night.

 

Miami Real Estate: December

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US Home Prices Rise, but not in Miami

Home prices, raanan kats

Home prices rise across the nation, but not in Miami

Throughout the Fall, the nation saw a rise in home prices. The Standard&Poor’s/Case-Shiller 20-city home price index rose 5.5 perecent between October 2014 and October 2015. Home values rose about 5% during 2015 and while they did so, unemployment decreased down to 5%. A better job market is making for more people buying homes. However, home listings haven’t been able to keep pace. So what we’re getting is not necessarily in increase in homes sold, but an increase in the price of each home sold given competition for what few listings are available. This limit in inventory seems to be serving newly listed homes better than existing homes. Existing homes dropped 10.5%. Mortgage rates are looking stabilized thanks to 30-year fixed-rate mortgages averaging less than 4%, whereas mortgage rates have traditionally hovered closer 6%. This increase in housing prices has primarily affected San Francisco, Denver, and Portland, Oregon. Miami, in addition to Tampa, Detroit, Minneapolis, and Cleveland, is still maintaining lower pre-recession prices.

Matheson Estate Goes for $47 Million

matheson estate, raanan katz

The new mansion built on the Matheson Estate

The picturesque Matheson Estate located on Key Biscayne just sold for $47 Million. The anonymous new owner has built a modern mansion on the property. The Matheson Estate was once home to the wealthy industrialist W.J. Matheson during World War 1. In 1908, Matheson bought a 1,700 acre estate and built an opulent mansion he called Mashta (“resting place” in arabic) House. in the 1930s the house was badly damaged by storms and was eventually abandoned. Years later in 1989 it was acquired by Fernando Caballero for $1.3 million. And just the other day it was acquired for $47 million.

South Beach

the webster, south beach, raanan katz

The Webster, South Beach

“This beachfront neighborhood wasn’t the place where Art Deco was created, but between the spacious, sleek hotels and pastel colors, its appear like one of the truest expressions of the form.” The real estate website Curbed.com recently listed South Beach as one of  10 Neighborhoods that Influenced US Architecture. Some highlights to see include The Webster, The Carlyle, Cadillac Hotel, The Delano, and the Bass Museum.