cervera real estate's miami beach market update - issue one

Alto

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MacArthur

Causeway

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5th St

11th St

15th St

Lincoln Rd

17th St

2nd St

1st St

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Facebook.com/CerveraRE

Debi Quade305.401.2169

[email protected]

Thinking of buying, selling or leasing? Call our team of Miami Beach specialists today!

Carlo Dipasquale785.512.5094

[email protected]

Andre Teixeira, PA305.978.1545

[email protected]

Despina Ikonomidou305.785.5565

[email protected]

Sildy Cervera305.490.7559

[email protected]

Claudia Dunin-Borkowsky305.790.0511

[email protected]

Adriana Pinto-Torres786.493.1388

[email protected]

MARKET UPDATECervera Real Estate Miami Beach Market Update Issue 1 | Second Quarter 2012

What’s inside…• SoFi’s New Oceanfront Address: Ocean House South Beach

• The Grand Dame of Real Estate

• Market Trends for Hot Properties

• Miami Beach News

Cervera Real Estate864 Commerce Street Miami Beach, FL 33139

If you’ve been reading the news lately you can’t help but notice the fair amount of attention directed towards downtown Miami and Brickell’s recent phenomenal growth. Although the downtown area has seen record occupancy rates with steady price increases, South Beach is king when it comes to price per square foot. Recently sold residences in the Setai indicate average prices psf are high as $2,921, and Apogee in SoFi commanded $2,177 psf at a recent sale this past October. Pristine beaches, resort-style residences and unparalleled luxury living are just a few reasons why South Beach is one of the most attractive places in the world to own real estate.

South Beach commands highest price per square foot

Cervera Miami Beach Office864 Commerce Street

Live the Ocean House lifestyle. The friendly

staff will ensure you enjoy quiet, beachfront

luxury living in the heart of SoFi - one of the

most exclusive and vibrant neighborhoods in

the world. Upscale and spacious beachfront

location with a Soho style. Who could ask for

more? Only a few can live the Ocean House

lifestyle - wouldn’t you like to be one of them?

18 GR AND R E SIDENCE S

125 OCEAN DRIVE MIAMI BEACH, FL 33139 305.763.8171 OCEANHOUSESOUTHBEACH.COM

About Cervera’s Numbers40,000 Condominium units sold

250 Licensed Professionals

82 Condominium Projects Represented Exclusively

20 Real Estate Offices

4 Counties with Offices

1 Reputable Brand Known Throughout Key Markets in South Florida, Latin America and Europe

New to Market

Ocean House South Beach

Since 1969, Miami-based Cervera Real Estate as been South Florida’s industry leader in condominium sales. As the first real estate broker to represent developers in the sales and marketing of their projects, Cervera has created a specialized field within the brokerage industry. The company, which was also the first to market extensively in several international markets, continues to broaden those relationships while expanding its global reach. Be the first to know about the next opportunity to buy pre-construction deals - call Cervera today!

For some it’s hard to believe that Alicia Cervera Sr. first opened the doors to her real estate firm over four decades ago. Now, the Cervera name has become one of the most widely known real estate brands in South Florida. In the past four years alone, the company has sold billions of dollars in real estate and exclusively

represents highly coveted projects, including the St. Regis Bal Harbour, The Grove at Grand Bay and Ocean House in Miami Beach. Without a doubt, Ms. Cervera’s acute foresight, her comprehensive understanding of the local market combined with her skill to attract clients from all over the globe and an intrepid approach to selling have made Cervera a household name in the South Florida marketplace. Throughout her career, Ms. Cervera has been responsible for breathing life into new communities and revitalizing existing ones such as the once dormant Brickell area and the cosmopolitan South of Fifth neighborhood. She was a pioneer, establishing a business formula to exclusively represent development projects, which were historically sold through the developer’s in-house sales team. In addition, she holds the record of selling out every project profitably hence none of her developer clients have forfeited on their loan payments. As dynamic and active as ever, she thrives on sharing her secrets to closing and the art of negotiation with her team that extends three generations. Ms. Cervera continues to leave an undeniable footprint on South Florida’s colorful real estate landscape, one that places undying resolve, honesty and integrity, and the constant quest for knowledge at the forefront of success.

Represented exclusively by Cervera

Located in the exclusive South of Fifth neighborhood, Ocean House is the newest and only oceanfront residence on the market today. With a collection of only 18 residences, these spectacular spaces offer tranquil, unparalleled luxury in an intimate setting. Ocean House’s private residences combine the most extraordinary interior spaces and finishes with recreational features and amenities to rival the world’s finest homes.

The Grand Dame of Real EstateAbout Cervera Real Estate

Miami Beach News

Miami Beach is flourishing with activity, from restaurant and hotel openings to internationally renowned events; the area is nothing short of a vibrant, cultural mecca. We are seeing more and more star power with celebrities opening up restaurants, including 23rd Street’s Villa Azur, owned by Halle Berry’s boyfriend, Oliver Martinez. Just a few blocks south, in the stunning Lincoln Road parking garage, you’ll find the newly opened Juvia - a St. Barth import offering a mixed cuisine of Asian, French and South American influences. And, if you’re seeking a more relaxed environment, South of Fifth’s Monty’s will be unveiling a new look and menu in March.

In hotel news, the SLS Hotel South Beach, formerly the Ritz Plaza Hotel is scheduled to open this spring. The completely renovated hotel will include 10 luxury poolside bungalow suites, 142 rooms and Hyde Beach - an 8,000 sf indoor/outdoor lounge just steps from the ocean. Further north in mid-beach, the word on the street is that King & Grove is behind the restoration of the Versailles Hotel which would position the area as a new hot spot.

Every Wednesday evening visitors and residences can enjoy a movie at the Miami Beach SoundScape located at the southwest corner of 17th Street and Washington Avenue. Grab a blanket, a bottle of wine, some popcorn and enjoy the upcoming schedule of cinematic features:

Upon review of the data provided within this market update, there are two notable factors. Miami Beach commands the highest price per square foot in all of Miami-Dade County with the Setai leading sales at $2,921 per square foot.

About the Market Update

Cervera Real Estate makes no claims, promises or guarantees about the accuracy, completeness or adequacy of the contents of this advertisement and expressly disclaims liability for errors and omissions of third-party content.

The numbers reflected in the market update represent data provided by the MLXchange during the first quarter of 2012.

ONE Average list price $466,000 BED Highest list price $610,000 Lowest list price $409,000 Average LP/SQFT $524

TWO Average list price $721,019 BED Highest list price $899,900 Lowest list price $565,000 Average LP/SQFT $512

Sold price $480,000 Only 1 one bedroom SP/SQFT $583

Average sold price $678,333 Highest sold price $700,000 Lowest sold price $660,000Average LP/SQFT $614

Active Sold

YAC

HT

CLU

BONE Average list price $1,383,769 BED Highest list price $1,950,000 Lowest list price $949,000 Average LP/SQFT $1,521

TWO Average list price $3,230,818 BED Highest list price $7,500,000 Lowest list price $1,650,000 Average LP/SQFT $1,968

THREE List price $9,000,000BED Only 1 three bed LP/SQFT $3,040

Average sold price $1,840,000 Highest sold price $1,930,000 Lowest sold price $1,750,000Average LP/SQFT $1,599

Sold price $2,750,000 Only 1 two bed SP/SQFT $2,037

Active Sold

W S

OU

TH B

EAC

H

ONE Average list price $1,058,333 BED Highest list price $1,380,000 Lowest list price $1,000,000 Average LP/SQFT $524


THREE Average list price $3,523,500BED Highest list price $4,699,000 Lowest list price $2,500,000 Average LP/SQFT $1,485

Sold price $1,025,000 Only 1 one bed SP/SQFT $748


Average sold price $3,281,249Highest sold price $3,999,995Lowest sold price $2,200,000Average SP/SQFT $1,355

Active Sold

IL V

ILLA

GG

IO


TWO Average list price $1,669,667 BED Highest list price $2,300,000 Lowest list price $1,190,000 Average LP/SQFT $932


Sold price $551,000 Only 1 one bed SP/SQFT $457

Sold price $1,850,000 Only 1 two bed Average SP/SQFT $921

Sold price $2,287,500 Only 1 three bed Average SP/SQFT $874

Active Sold

MU

RA

NO

AT

PO

RTO

FIN

O

THREE Average list price $7,062,667 BED Highest list price $7,490,000 Lowest list price $6,499,000 Average LP/SQFT $2,276

FOUR List price $9,750,000 BED Only 1 four bed Average LP/SQFT $2,276

Sold price $5,508,200 Only 1 three bed SP/SQFT $1,775

Active Sold

AP

OG

EE


TWO Average list price $1,347,400 BED Highest list price $1,560,000 Lowest list price $750,000 Average LP/SQFT $930



Average sold price $1,300,000 Highest sold price $1,625,000 Lowest sold price $975,000Average LP/SQFT $786


Active Sold

1500





Active Sold

COSM

OP

OLI

TAN


TWO Average list price $826,333 BED Highest list price $1,095,000 Lowest list price $629,000 Average LP/SQFT $673




Active Sold

SOU

TH P

OIN

TE T

OW

ER


THREE BED


Sold price $749,000 Only 1 three bed SP/SQFT $329

Active Sold

COU

RTS

ONE Average list price $1,230,000 BED Highest list price $1,350,000 Lowest list price $675,000 Average LP/SQFT $1,565



FOUR List price $5,199,000 BED Only 1 four bed LP/SQFT $1,805

FIVE List price $8,490,000 BED Only 1 five bed LP/SQFT $2,390

Average sold price $1,030,000 Highest sold price $1,310,000 Lowest sold price $700,000Average LP/SQFT $1,247



Active Sold

SETA

I






Sold price $645,000 Only 1 one bed Average SP/SQFT $758

Average sold price $983,333 Highest sold price $1,400,000 Lowest sold price $600,000Average LP/SQFT $634

Average sold price $1,430,000Highest sold price $1,610,000Lowest sold price $1,250,000Average SP/SQFT $730

Active Sold

ICO

N S

OU

TH B

EAC

H

A Cervera Miami Beach Office 864 Commerce St

B Ocean House Sales Office 125 Ocean Dr

C 1500 1500 Ocean Dr

D Apogee 800 South Pointe Dr

E Cosmopolitan 110 Washington Ave

F Courts 100 Meridian Ave

G Icon South Beach 450 Alton Rd

H Il Villaggio 1455 Ocean Dr

I Murano at Portofino 1000 South Pointe Dr

J Murano Grande 400 Alton Rd

K Setai 2001 Collins Ave

L South Pointe Tower 400 South Pointe Dr

M W South Beach 2201 Collins Ave

N Yacht Club at Portofino 90 Alton Rd

O Miami Beach SoundScape 400 17th St

P Villa Azur 309 23th St

Q Juvia 1111 Lincoln Rd

K

M

A

B

C

D

EF

G

H

I

J

N

L

Alto

n Rd

Alton R

d

MacArthur

Causeway

Vene�an

Causeway

5th St

11th St

15th St

Lincoln Rd

17th St

Park

Ave

2nd St

1st St

South Pointe Dr

Was

hing

ton

Ave

Alton Rd

Colli

ns A

veW

ashi

ngto

n Av

e

Colli

ns A

ve

Oce

an D

r

Dade Blvd

O

P

Q

Apogee

Murano Grande

Murano at Portofino

Yacht Club at Portofino

BEDROOMS / BATHS SQFT LIST PRICE $ / SQFT

THREE BED / THREE BATH 2,407 $2,500,000 $1,038,00FOUR BED / FOUR BATH 3,876 $2,499,000 $644,00FOUR BED / FOUR BATH 4,505 $3,795,000 $842,00

Average LP/SQFT $743

FIVE BED / SEVEN BATH 7,140 $6,900,000 $966,00FIVE BED / FIVE BATH 6,350 $8,250,000 $1,240,00

Average LP/SQFT $1,103

SIX BED / SIX BATH 7,173 $5,900,000 $822,00SIX BED / FIVE BATH 5,054 $6,500,000 $1,286,00


SEVEN BED / SEVEN BATH 9,696 $8,950,000 $923,00SEVEN BED / EIGHT BATH 10,001 $14,500,000 $1,499,00


SUN

SET

ISLA

ND

PR

OP

ERTI

ES

Movie Schedule(shows start at 8:00PM)

April18th - Vertigo25th - Ghost

May2nd - Tootsie

9th - West Side Story16th - American Graffiti

23rd - Ferris Bueller’s Day Off30th - E.T.

Cervera’s Services

• Luxury & Waterfront Properties

• Pre-construction/ Project Sales

• Residential Sales

• Residential Leasing

• Corporate Relocation

• Short Term & Vacation Rentals

• Commercial Sales

• Commercial Leasing

• Property Management

New to Market

Ocean House South Beach

Since 1969, Miami-based Cervera Real Estate as been South Florida’s industry leader in condominium sales. As the first real estate broker to represent developers in the sales and marketing of their projects, Cervera has created a specialized field within the brokerage industry. The company, which was also the first to market extensively in several international markets, continues to broaden those relationships while expanding its global reach. Be the first to know about the next opportunity to buy pre-construction deals - call Cervera today!

For some it’s hard to believe that Alicia Cervera Sr. first opened the doors to her real estate firm over four decades ago. Now, the Cervera name has become one of the most widely known real estate brands in South Florida. In the past four years alone, the company has sold billions of dollars in real estate and exclusively

represents highly coveted projects, including the St. Regis Bal Harbour, The Grove at Grand Bay and Ocean House in Miami Beach. Without a doubt, Ms. Cervera’s acute foresight, her comprehensive understanding of the local market combined with her skill to attract clients from all over the globe and an intrepid approach to selling have made Cervera a household name in the South Florida marketplace. Throughout her career, Ms. Cervera has been responsible for breathing life into new communities and revitalizing existing ones such as the once dormant Brickell area and the cosmopolitan South of Fifth neighborhood. She was a pioneer, establishing a business formula to exclusively represent development projects, which were historically sold through the developer’s in-house sales team. In addition, she holds the record of selling out every project profitably hence none of her developer clients have forfeited on their loan payments. As dynamic and active as ever, she thrives on sharing her secrets to closing and the art of negotiation with her team that extends three generations. Ms. Cervera continues to leave an undeniable footprint on South Florida’s colorful real estate landscape, one that places undying resolve, honesty and integrity, and the constant quest for knowledge at the forefront of success.

Represented exclusively by Cervera

Located in the exclusive South of Fifth neighborhood, Ocean House is the newest and only oceanfront residence on the market today. With a collection of only 18 residences, these spectacular spaces offer tranquil, unparalleled luxury in an intimate setting. Ocean House’s private residences combine the most extraordinary interior spaces and finishes with recreational features and amenities to rival the world’s finest homes.

The Grand Dame of Real EstateAbout Cervera Real Estate

Miami Beach News

Miami Beach is flourishing with activity, from restaurant and hotel openings to internationally renowned events; the area is nothing short of a vibrant, cultural mecca. We are seeing more and more star power with celebrities opening up restaurants, including 23rd Street’s Villa Azur, owned by Halle Berry’s boyfriend, Oliver Martinez. Just a few blocks south, in the stunning Lincoln Road parking garage, you’ll find the newly opened Juvia - a St. Barth import offering a mixed cuisine of Asian, French and South American influences. And, if you’re seeking a more relaxed environment, South of Fifth’s Monty’s will be unveiling a new look and menu in March.

In hotel news, the SLS Hotel South Beach, formerly the Ritz Plaza Hotel is scheduled to open this spring. The completely renovated hotel will include 10 luxury poolside bungalow suites, 142 rooms and Hyde Beach - an 8,000 sf indoor/outdoor lounge just steps from the ocean. Further north in mid-beach, the word on the street is that King & Grove is behind the restoration of the Versailles Hotel which would position the area as a new hot spot.

Every Wednesday evening visitors and residences can enjoy a movie at the Miami Beach SoundScape located at the southwest corner of 17th Street and Washington Avenue. Grab a blanket, a bottle of wine, some popcorn and enjoy the upcoming schedule of cinematic features:

Upon review of the data provided within this market update, there are two notable factors. Miami Beach commands the highest price per square foot in all of Miami-Dade County with the Setai leading sales at $2,921 per square foot.

About the Market Update

Cervera Real Estate makes no claims, promises or guarantees about the accuracy, completeness or adequacy of the contents of this advertisement and expressly disclaims liability for errors and omissions of third-party content.

The numbers reflected in the market update represent data provided by the MLXchange during the first quarter of 2012.





Active Sold

YAC

HT

CLU

B





Sold price $2,750,000 Only 1 two bed SP/SQFT $2,037

Active Sold

W S

OU

TH B

EAC

H

ONE Average list price $1,058,333 BED Highest list price $1,380,000 Lowest list price $1,000,000 Average LP/SQFT $524






Active Sold

IL V

ILLA

GG

IO


TWO Average list price $1,669,667 BED Highest list price $2,300,000 Lowest list price $1,190,000 Average LP/SQFT $932



Sold price $1,850,000 Only 1 two bed Average SP/SQFT $921

Sold price $2,287,500 Only 1 three bed Average SP/SQFT $874

Active Sold

MU

RA

NO

AT

PO

RTO

FIN

O

THREE Average list price $7,062,667 BED Highest list price $7,490,000 Lowest list price $6,499,000 Average LP/SQFT $2,276

FOUR List price $9,750,000 BED Only 1 four bed Average LP/SQFT $2,276

Sold price $5,508,200 Only 1 three bed SP/SQFT $1,775

Active Sold

AP

OG

EE





Average sold price $1,300,000 Highest sold price $1,625,000 Lowest sold price $975,000Average LP/SQFT $786


Active Sold

1500





Active Sold

COSM

OP

OLI

TAN


TWO Average list price $826,333 BED Highest list price $1,095,000 Lowest list price $629,000 Average LP/SQFT $673




Active Sold

SOU

TH P

OIN

TE T

OW

ER


THREE BED


Sold price $749,000 Only 1 three bed SP/SQFT $329

Active Sold

COU

RTS






Average sold price $1,030,000 Highest sold price $1,310,000 Lowest sold price $700,000Average LP/SQFT $1,247



Active Sold

SETA

I






Sold price $645,000 Only 1 one bed Average SP/SQFT $758

Average sold price $983,333 Highest sold price $1,400,000 Lowest sold price $600,000Average LP/SQFT $634

Average sold price $1,430,000Highest sold price $1,610,000Lowest sold price $1,250,000Average SP/SQFT $730

Active Sold

ICO

N S

OU

TH B

EAC

H

A Cervera Miami Beach Office 864 Commerce St

B Ocean House Sales Office 125 Ocean Dr

C 1500 1500 Ocean Dr

D Apogee 800 South Pointe Dr

E Cosmopolitan 110 Washington Ave

F Courts 100 Meridian Ave

G Icon South Beach 450 Alton Rd

H Il Villaggio 1455 Ocean Dr

I Murano at Portofino 1000 South Pointe Dr

J Murano Grande 400 Alton Rd

K Setai 2001 Collins Ave

L South Pointe Tower 400 South Pointe Dr

M W South Beach 2201 Collins Ave

N Yacht Club at Portofino 90 Alton Rd

O Miami Beach SoundScape 400 17th St

P Villa Azur 309 23th St

Q Juvia 1111 Lincoln Rd

K

M

A

B

C

D

EF

G

H

I

J

N

L

Alto

n Rd

Alton R

d

MacArthur

Causeway

Vene�an

Causeway

5th St

11th St

15th St

Lincoln Rd

17th St

Park

Ave

2nd St

1st St

South Pointe Dr

Was

hing

ton

Ave

Alton Rd

Colli

ns A

veW

ashi

ngto

n Av

e

Colli

ns A

ve

Oce

an D

r

Dade Blvd

O

P

Q

Apogee

Murano Grande

Murano at Portofino

Yacht Club at Portofino

BEDROOMS / BATHS SQFT LIST PRICE $ / SQFT

THREE BED / THREE BATH 2,407 $2,500,000 $1,038,00FOUR BED / FOUR BATH 3,876 $2,499,000 $644,00FOUR BED / FOUR BATH 4,505 $3,795,000 $842,00

Average LP/SQFT $743

FIVE BED / SEVEN BATH 7,140 $6,900,000 $966,00FIVE BED / FIVE BATH 6,350 $8,250,000 $1,240,00


SIX BED / SIX BATH 7,173 $5,900,000 $822,00SIX BED / FIVE BATH 5,054 $6,500,000 $1,286,00


SEVEN BED / SEVEN BATH 9,696 $8,950,000 $923,00SEVEN BED / EIGHT BATH 10,001 $14,500,000 $1,499,00


SUN

SET

ISLA

ND

PR

OP

ERTI

ES

Movie Schedule(shows start at 8:00PM)

April18th - Vertigo25th - Ghost

May2nd - Tootsie

9th - West Side Story16th - American Graffiti

23rd - Ferris Bueller’s Day Off30th - E.T.

Cervera’s Services

• Luxury & Waterfront Properties

• Pre-construction/ Project Sales

• Residential Sales

• Residential Leasing

• Corporate Relocation

• Short Term & Vacation Rentals

• Commercial Sales

• Commercial Leasing

• Property Management

Alto

n Rd

MacArthur

Causeway

Vene�an

Causeway

5th St

11th St

15th St

Lincoln Rd

17th St

2nd St

1st St

South Pointe Dr

Was

hing

ton

Ave

Alton Rd

Colli

ns A

ve

Was

hing

ton

Ave

Colli

ns A

ve

Oce

an D

r

Dade Blvd

Facebook.com/CerveraRE

Debi Quade305.401.2169

[email protected]

Thinking of buying, selling or leasing? Call our team of Miami Beach specialists today!

Carlo Dipasquale785.512.5094

[email protected]

Andre Teixeira, PA305.978.1545

[email protected]

Despina Ikonomidou305.785.5565

[email protected]

Sildy Cervera305.490.7559

[email protected]

Claudia Dunin-Borkowsky305.790.0511

[email protected]

Adriana Pinto-Torres786.493.1388

[email protected]

MARKET UPDATECervera Real Estate Miami Beach Market Update Issue 1 | Second Quarter 2012

What’s inside…• SoFi’s New Oceanfront Address: Ocean House South Beach

• The Grand Dame of Real Estate

• Market Trends for Hot Properties

• Miami Beach News

Cervera Real Estate864 Commerce Street Miami Beach, FL 33139

If you’ve been reading the news lately you can’t help but notice the fair amount of attention directed towards downtown Miami and Brickell’s recent phenomenal growth. Although the downtown area has seen record occupancy rates with steady price increases, South Beach is king when it comes to price per square foot. Recently sold residences in the Setai indicate average prices psf are high as $2,921, and Apogee in SoFi commanded $2,177 psf at a recent sale this past October. Pristine beaches, resort-style residences and unparalleled luxury living are just a few reasons why South Beach is one of the most attractive places in the world to own real estate.

South Beach commands highest price per square foot

Cervera Miami Beach Office864 Commerce Street

Live the Ocean House lifestyle. The friendly

staff will ensure you enjoy quiet, beachfront

luxury living in the heart of SoFi - one of the

most exclusive and vibrant neighborhoods in

the world. Upscale and spacious beachfront

location with a Soho style. Who could ask for

more? Only a few can live the Ocean House

lifestyle - wouldn’t you like to be one of them?

18 GR AND R E SIDENCE S

125 OCEAN DRIVE MIAMI BEACH, FL 33139 305.763.8171 OCEANHOUSESOUTHBEACH.COM

About Cervera’s Numbers40,000 Condominium units sold

250 Licensed Professionals

82 Condominium Projects Represented Exclusively

20 Real Estate Offices

4 Counties with Offices

1 Reputable Brand Known Throughout Key Markets in South Florida, Latin America and Europe

cervera real estate's miami beach market update - issue one

Documents

real estate offices

real estate firm

real estate broker

downtown miami

south floridas industry

condominium projects

condominium sales

alicia cervera