If you’re a potential luxury home buyer in Miami, the process will require more due diligence than buying a lower priced property. Most luxury homes or condos in the area require as much as 30% down and as a result, potential buyers should ensure that this prerequisite is available when approaching lenders or bankers for hefty loans. In addition, prospects can anticipate a longer approval timeframe since documents are carefully perused by these same lenders. These documents will likely include proof of...Continue Reading!
Real Estate News Category
Are you looking for a home with open spaces, amazing yard and lots of room for entertaining or to just let the kids run wild? My new listing at 8420 SW 66 Street may just be the home for you. Designed for the family that enjoys the indoor/outdoor lifestyle, it is perfect for entertaining family and friends. The interior features include 4 bedrooms, 3 baths, open kitchen, formal dining and living rooms, bright spacious family room with 4,286 sq ft of living area. The outside is where things...Continue Reading!
This morning a foreclosure came on the market on Battersea Road in South Coconut Grove. I have not had a chance to preview the property yet but I can tell you that it is located on a 7,800 square foot lot with with 3 bedrooms, 2.5 baths and 2,316 square feet of living space. For more information and photos on this Coconut Grove foreclosure, click here. This is the only foreclosure currently on the market in Coconut Grove and it...Continue Reading!
Tax cuts for luxury homeowners expired in January 2013. So what can wealthy property owners in Miami expect to pay with new rates following the fiscal cliff? New tax rates include 20% on capital gains compared to the previous 15%. This rate applies to singles who have earned over $400,000 or $450,000 for couples in 2012. The 5% difference can yield hundreds of thousands in tax liabilities when selling million dollar homes in Miami. A report by DataQuick MDA revealed that...Continue Reading!
Last year my clients purchased the home at 4160 Woodridge Road in South Coconut Grove for $300,000. The home needed a complete renovation but it had good bones and sat on a large 11,316 square foot corner lot. After installing a new roof, impact glass, a beautiful designer kitchen, new bathrooms and floors my clients placed the home back on the market for $999,000. In less than a week we had an offer for close to asking price. Thanks...Continue Reading!
[issuu viewmode=presentation layout=http%3A%2F%2Fskin.issuu.com%2Fv%2Flight%2Flayout.xml showflipbtn=true documentid=130328194235-a2a066616e644c8b84114d07e328697d docname=keybiscaynemagazineapril2013pg1 username=ewmrealtors loadinginfotext=%22the%20ewm%20page%22%20in%20The%20Key%20Biscayne%20Magazine%20April%202013 showhtmllink=true tag=beaches width=420 height=507 unit=px]Continue Reading!
We hope that you're having a wonderful holiday weekend! Remember to catch our ads in the paper! You'll find them in the Miami Herald's Home & Design and Neighbors Sections. MIAMI HERALD AD NEIGHBORS AD EWM PAGE Continue Reading!
Hello: Beautiful Furnished 2 bedroom and 2 bath condo at the Ocean Club at Key Biscayne for the month of July, 2013. Serious non-smoking, low key, family or couples. Full access to all. Contact Drake: 305-962-1020Continue Reading!
I am looking for a good hurricane shutter company and a window company. Any recommendations greatly appreciated as always.Continue Reading!