Dec ‘24 - It’s All About You

Hello Friends! As the year wraps up, I'd like to thank each and every one of you for tuning in monthly to my newsletter. I take the time to write something valuable for YOU and knowing that you're reading this motivates me each month. I'd like to report the current state of the market is a Buyer's Market, a consistent trend throughout the year. Although the number of transactions decreased and inventory has increased year over year, buyers continue to enter the market looking for "deals". For the deal shoppers, continue to work with an agent and make the offer for listings that's over 90 days on the market. For my clients looking to sell, a great learning lesson was the summer months are extremely slow. Plan accordingly and take advantage of the winter season while there are more eyes on the market. With snowbirds heading to Miami for warmer days, an opportunity may strike with the weekend visitors. With an average days on market exceeding 90 days now, timing is imperative so start with a plan. Lastly, with the latest Fed rate cuts by 25 basis point, it's unlikely mortgage rates will see a significant change. Perhaps a nudge to drop mortgage rates, but the change would be more gradual than transformative. Other key factors play a role in this complex economic indicator: unemployment, inflation, and the 10 Year Treasury Yield. Read more here to learn more about what the Fed Rate Cut means for Mortgage Rates. As always, if you have any questions, please don't hesitate to reach out to me and would love to have a discussion on how I can help with your real estate needs. - Thanks for Linking Up - Lily

🏡 JUST LISTED 🏡

Miami Shores 9720 Biscayne Boulevard

3 BED | 2 BATH | 2,331 SF | 11,688 SF Lot LP: $1,600,000 Welcoming you to 9720 Biscayne Blvd, a spacious 3 bed/2ba home in the heart of Miami Shores. The home is laid out in a flexible floor plan to suit the next homeowner's lifestyle. The property has gone through tasteful renovations from installation of bamboo flooring, fully updated kitchen, laundry room with modern touches, PVC plumbing throughout, new AC system and duct, lighting, impact windows and a newer roof. Sitting on an oversized lot, accessing the home has never been easier with the circular driveway off Biscayne Blvd. Alternatively a more discreet arrival, your back alley way that guides you directly to your garage, with Tesla charging station. Featuring a charming patio with lush landscaping, it's perfectly designed for hosting intimate gatherings. Schedule your showing today.

Venetian Islands 1130 Venetian Way, Unit 1A 1 BED | 1 BATH | 697 SF LP: $450,000 Rare opportunity to purchase a slice of paradise on the coveted Venetian Islands. Located at the warm & welcoming boutique bayfront community of Sandpiper Villas, an Art Deco Gem. NYC triple mint renovation w/ custom finishes, this corner unit features: Hurricane Impact windows, open chef's kitchen w/ custom wood cabinets, new Central AC & Nest, Bosch appliances, washer/dryer, recessed/smart lighting, Sonos sound, smoked oak vinyl floors, floor to ceiling bathroom porcelain & oak paneled TV wall. Enjoy 100+ SF private patio, parking, storage unit, heated pool & bayfront deck w/ direct water access for kayak/paddle board. $33K assessment paid by seller. Lender approved bldng w/ low down payment. Situated in between South Beach & Downtown. Your tropical waterfront lifestyle awaits! Co Listed with Micha Porat (Compass)

South of Fifth 363 Washington Avenue, Unit 62 1 BED | 1 BATH | 590 SF LP: $495,000 Be the first to live in this newly renovated unit located in the highly desirable South of Fifth neighborhood. Property features Italian porcelain flooring, new Bosch appliances, a wine fridge, and a luxury bathroom with a porcelain sink and marble shower. Spacious bedroom accommodates a king-size bed, which includes a large closet with an extra linen closet. Enjoy in-unit washer and dryer, impact windows and doors, and scenic views from this top-floor unit in a boutique building. Plenty of sunlight to fill the unit with windows facing south and unwind nightly with the romantic city lights from balcony. Located 2 blocks from the beach, near world-class restaurants, fitness studios, and shops. Make this your vacation home as building allows 6 month rentals. Unit is also available for rent.

See All My Listings

🔐 SOLD 🔐 South Beach 1340 Lincoln Rd, #603 2 BD | 1.5 BA | 770 SF | $399,000 Represented Seller Sold in 37 DOM! Blue Diamond Condominiums 4779 Collins Av, Unit 1905 2 BD | 2 BA | 1,380 SF | $1,650,000 Represented Buyer Sold 25% Below Asking

Miami Beach 4361 Royal Palm Avenue 5 BD | 4 BA | 2,746 SF | $3,000,000 Represented Seller Multiple Offers Islands of Doral 11225 NW 87th Street 3 BD | 2.5 BA | 1,589 SF | $579,000 Representing Buyer UNDER CONTRACT

🔐 RENTED 🔐

Miami beach 5415 Collins Ave#501/601 2 BD | 2.5 BA | 1,734 SF | $4,950 Represented Landlord & Tenant miami beach 4301 Collins Ave, #804 2 BD | 2 BA | 874 SF | $3,500 Represented Tenant

📰 Miami in the News 📰

Miami Ranked The Most Competitive Rental Market In The Nation Read Here

🔦 Hospitality Highlight 🔦

Smith & Wollensky With one of the best outdoor seatings available here in Miami Beach, this South Pointe staple is the place to enjoy a relaxed meal with views of the exclusive Fisher Island. Best place for people watching as the South Pointe walk path divides the outdoor seating area, the bar is equipped with a few sets of TVs to catch your favorite game. Come here for the drinks and the ambiance, save room for dinner at another location. Plus you never know who you'll get to meet, could be a new friend, a model, celebrity, or a friendly local neighbor. Reserve a Table

🎟 Local Happenings 🎟

December 16, 18 & 19 Usher at Kaseya Center Rescheduled from October, Usher will be headlining the Kaseya Center for three nights this week. Come see this Grammy winning, Super Bowl performing artist right in your backyard. Grab Tickets Here

This Month Home Inspiration Post Modern Vintage Lily's Pinterest Inspo

🏗 New Development Spotlight 🏗

Village at Coral Gables Coral Gables Building Highlights - Developer: MG Developer - 48 New Construction Luxurious Residences - Collection of condominiums, lofts and townhomes - Finishes consist of smooth painted stucco, elegant coral stone architectural details, cast aluminum balustrade, brown clay barrel roof tile and exterior iron lantern - Kitchen will come finished with Italian cabinets, stone countertops and backsplash, high end appliances, undercount stainless steel sink and consist of butler's pantry - Ceiling hights of up to 10-12 feet high, with premium wood traditional doors 7 and 8 foot high - Elevator access from garage and kitchen - Sound proofing wall insulation for privacy - Generator ready design, pre wiring included. Smart-ready home (tv and telephone included) - Stair with custom made metal railing, skylight for additional natural daylight -Delivering Q3 of 2025 I'd Like to Know More

Have a question on real estate? Reach out to chat!

Lily Choi Real Estate Advisor M: 213.284.5954 lily.choi@compass.com

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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