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Showing properties 1 - 10 of 199. See more city of Pinecrest real estate.
(all data current as of 2/22/2012)

Showing properties 1 - 5 of 52. See more city of Pinecrest real estate.
(all data current as of 2/22/2012)

1. $995,000 : MLS # A1607125 in Pinecrest
   
   4 beds, 3 full baths

   Home size: 4,255 sq ft

   Lot size: 33,105 sq ft

   Year built: 1957

   Parking spots: 2

   Days on market: 5
2. $789,000 : 8145 SW 133 ST, Pinecrest
   
   4 beds, 3 full baths

   Home size: 3,199 sq ft

   Lot size: 22,500 sq ft

   Year built: 1957

   Parking spots: 2

   Days on market: 6
3. $749,000 : 6500 SW 129 TE, Pinecrest
   
   4 beds, 3 full baths

   Home size: 3,032 sq ft

   Lot size: 37,461 sq ft

   Year built: 1959

   Parking spots: 2

   Days on market: 7
4. $645,900 : 10300 SW 70 AV, Pinecrest
   
   3 beds, 2 full baths

   Home size: 2,619 sq ft

   Lot size: 15,625 sq ft

   Year built: 1971

   Parking spots: 2

   Days on market: 8
5. $819,000 : MLS # A1604984 in Pinecrest
   
   4 beds, 3 full baths

   Home size: 3,385 sq ft

   Lot size: 30,709 sq ft

   Year built: 1967

   Parking spots: 2

   Days on market: 9

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The $21.5 million sale of the penthouse is Miami’s most-expensive condo ever sold, and has Miami’s highest-ever condo selling price per-square-foot.

The Setai Penthouse is a 5803 square-foot, multi-story residence that sits at the top of luxury tower overlooking South Beach and the Atlantic Ocean. It also features a spacious, outdoor rooftop terrace with private pool, the only one of its kind.

The previous Miami real estate sales record was set in 2010 with the sale of a lower Setai penthouse, then selling at $15M. This recent Setai sale at $3704 per-square-foot beats previous sales of the lower Setai penthouse in 2010 and Apogee South Beach’s sale of PH-04 in 2008. Each sold then for roughly $2400 per square foot.

Zilbert Realty Group sales manager Jeffrey M. Miller brokered the sale.

Via The World Property Chanel

October Sales Activity

The total number of listings, including single-family homes and condominiums, that pended during the month of October increased 26 percent, from 2,861 in October 2010 to 3,609 last month.  Compared to the previous month, pended sales increased .22 percent.   Single-family home and condominium sales that pended during the month increased 27 percent and 26 percent respectively compared to the previous year.

“In Miami, where market performance has outpaced the nation, strong pending sales activity has mirrored robust closed sales figures due to international buyers who mainly pay all cash and are not impacted by mortgage financing issues,” said Jack H. Levine, 2011 chairman of the board of the Miami Association of Realtors.  “However in other parts of the country factors such as stronger underwriting standards and appraisal issues are impeding closings that are much more dependent on financing.”

Cumulative Pending Sales Rise

Pending sales of condominiums were 10 percent higher than they were a year earlier, up from 5,878, and 2.3 percent below what they were the previous month, down from 6,620.  Pending sales of single-family homes were nine percent above what they were a year earlier, up from 4,386 to 4,775, and five percent below the previous month, when pending single-family homes sales totaled 4,676.

“In addition to the unyielding demand from foreign buyers that has boosted the local market and resulted in Miami outperforming the nation, there is also increasing demand from domestic buyers,” said 2011 Miami Association of Realtors Residential President Ralph E. De Martino.  “Domestic buyers are now accounting for a higher percentage of closed sales.  In addition, the stronger rental rates have resulted in strong demand for rental properties, which is putting increased pressure on the greatly reduced inventory of properties for sale.”

Nationally, the Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to 10.4 in October from 84.5 in September, according to the National Association of Realtors. The index is 9.2 percent higher than the 85.5 index reported in October 2010.

Increased pending sales are an indication of increased future sales.  A sale is listed as pending when a contract is signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

Existing single family home sales in the Miami Metropolitan Statistical Area rose 46 percent in September, according to figures from the member Miami Association of Realtors (MAR).

Sales of existing condominiums rose 58 percent and statewide sales by 10 percent. On the national level, sales of existing single family homes, townhomes, condominiums, and co-ops declined 3 percent from September, but were 11.3 percent above the same period last year, according to the National Association of Realtors.

“We continue to experience record sales activity coupled with rising median and average sales prices in the Miami real estate market,” said Jack Levine, chairman of the MAR Board.

“At the current sales pace, the local market is expected to reach 29,000 transactions this year, which would set a sales record and would surpass the sales volume during the height of the boom in 2005,” he continued.

International buyers have added to the number of cash sales. The amount of cash transactions rose to 63 percent, up a single percentage point compared to last month. All totaled, cash sales made 42 percent of single family home sales and 76 percent of condominium sales. Nearly 90 percent of international buyers in Florida purchased properties exclusively with cash and nationally, cash sales made for 30 percent of all transactions.

In September, the median sales price for condominiums rose for the second consecutive month, sitting at $116,000. This is an increase of 17 percent. The median sales price of single family homes decreased six percent to $176,600 from a year earlier.

In September, 59 percent of all closed residential sales in Miami-Dade County were distressed, including REOs (bank-owned properties) and short sales, compared to 69 percent in September 2010 and 56 percent the previous month.

“There is great demand from international and domestic buyers and investors for South Florida REOs,” said MAR president Ralph De Martino.

“Based on the current robust level of sales activity, it is expected that regardless of any shadow inventory, distressed properties pending foreclosure or short sales or REOs yet to be listed for sale, that may come on the market, there is insufficient supply to satisfy demand,” he added.

Statewide median sales prices increased one percent to $133,900 for single family homes and seven percent to $87,200 for condominiums. The national median existing home price for all housing types was $165,400 in September, down 3.5 percent from September 2010.

The average sales prices for single family homes in Miami-Dade County increased 29.8 percent from $264,602 in September 2010 to $343,497 in September 2011. The average sales price for condominiums increased 13 percent from $187,185 in September 2010 to $211,455 last month.

The inventory of residential listings in Miami-Dade County sunk 38 percent from 24,888 to 15,264 active listings, in the last year. Compared to the previous month, the total inventory of homes dropped 15 percent from 15,405. Since August 2008, existing housing inventory has decreased more than 65 percent, down from 43,100.

Total housing inventory nationally fell two percent to 3.48 million at the end of September compared to the previous month.