Feb ‘25 - February Frenzy: Spring Prep, Miami Magic, and Sales Sour

Hello Friends! As we are only 27 days away from Spring, we are gearing up for a new wave of buyers and sellers to enter the market. As Miami holds a strong Q1 with many visitors coming from out of town, I have some helpful tips to share whether you're considering to buy or rent during this Spring Home Shopping Season. For Buyers: 1) Get Pre-Approved: Understand your budget and show sellers you're a serious buyer 2) Research Neighborhoods: Visit during various times of day to get a feel for the neighborhood 3) Attend Open Houses: Take advantage of the increase in listings by attending open houses (like mine this Saturday at 9720 Biscayne Blvd) 4) Make a Wish List: List your must-haves and nice-to-haves 5) Stay Flexible: The market can be competitive in spring. Be prepared to act quickly when you find a property you love For Home Sellers: 1) Enhance curb appeal: Spring is all about blooming flowers and greenery. Clean up your yard, plant flowers, and ensure your home looks inviting from the street 2) Declutter and Stage: Remove personal items and excess clutter 3) Make Minor Repairs: Take care of any small repairs that could deter buyers 4) Be Flexible with Showings: Be prepared to block out designated times for showings and allow flexibility as buyers may be working or traveling from out of town I share this with you, but also want you to keep in mind that neighborhoods behave very differently from one another. For example, Miami Beach which trends towards seasonal buyers in favorable with high season (Nov- April) vs Miami Shores, a neighborhood community, that react closely with the school season. Ask me about your neighborhood and I'd be happy to share some trends and numbers for you. As always, below are the numbers for Miami Beach - 33139 Single family (non waterfront) and Condos (waterfront and non-waterfront) market report. - Thanks for Linking Up - Lily

🏡 JUST LISTED 🏡

MID BEACH 1050 West 47th Street

4 BED | 2 BATH | 1,996 SF | 8,081 SF Lot An excellent opportunity to renovate or build new in the heart of Miami Beach. This spacious lot includes architectural plans for a stunning modern home featuring floor-to-ceiling windows, open-concept living spaces, and seamless indoor-outdoor integration. The existing home includes a detached 1-bedroom, 1-bathroom cottage with a kitchenette, ideal for guests or rental income. The large yard provides ample space for a pool and outdoor kitchen. Located just minutes from top schools, shopping, dining, and the beach, this property offers incredible potential in a highly desirable location.

Brickell 801 South Miami Avenue, Unit 5403

1 BED + DEN | 2 BATH | 842 SF List Price: $799,000 Available for rent $5,600 / month Rarely available 03 line situated on one of the highest floors the building has to offer. Indulge in the sky sweeping views of Brickell and Biscayne Bay as you get to enjoy open views of the city. Ideal option for those that work from home or need a separate den that acts as a bedroom. Two full separate bathrooms makes it ideal to host overnight guests. For those that are wanting to get a feel for the Brickell lifestyle, SLS Lux is located in the center of it all with amazing walkability and top of the line amenities. Ranging from rooftop swimming pool, tennis court/basketball court, fitness center, spa and salon, residents only club room, and more. BONUS extra ceiling height due to the high floor location.

🏷️ PRICE IMPROVEMENT 🏷️

Miami Shores 9720 Biscayne Boulevard 3 BD | 2 BA | 2,331 SF | From $1,600,000 to $1,550,000 Miami Shores hidden gem located right off of Biscayne Boulevard, a convenient in and out access. Discover all the upgrades the home has gone through, from modern kitchen to brand new flooring throughout. This property is located on an oversized lot with a 2 car garage and a back alley way entrance for privacy. Open House this Saturday, Feb 22 from 12pm-2pm featuring wines from Flight Wine Lounge Shop

See All My Listings

🔐 SOLD & RENTED 🔐 Sunset Harbour 1413 Sunset Harbour Drive, Unit 117 3 BD | 2.5 BA | 2,420 SF | $3,450,000 Represented Seller Brickell 1080 Brickell Ave, #3906 3 BD | 3 BA | 1,593 SF | $9,500 Under Contract Represented Tenant

📰 Miami in the News 📰

Home sales grow Year over Year in Dec 2024 from Dec 2023 Read Here

🔦 Hospitality Highlight 🔦

Flight Wine Lounge & Shop Now operating for 7 years, this neighborhood wine shop and lounge is the perfect place to spend your weekends learning about wine. No matter if you're a wine connoisseur or in the beginning stages, this inviting atmosphere makes it suitable for any level of wine tasters. Kim and Andy (owners of Flight Wine) have curated a unique blend of 100 boutique wine selection to introduce the Miami Shores community to. The lounge offers flight options and a kitchen to create the perfect pairing. Highly recommend to book in advance as they do sell out! Mention my name and receive 10% off your next order. 9711 NE 2nd Ave, Miami Shores

🎟 Local Happenings 🎟

South Beach Wine & Food Festival Feb 20 - 23 Returning once again, this 4 day event will have your taste buds bursting with flavors. This event is packed with star studded appearances. Find daily events that spark your interest or get access for all 4 days. Limited tickets! Grab Tickets Here

This Month Home Inspiration Nancy Meyers Inspiration Lily's Pinterest Inspo

🏗 New Development Spotlight 🏗

Rivage Bal Harbour Building Highlights - Developer: Related Group and Two Roads Development - Architect: SOM - Hospitality Operator: - Landscapes: Enea Garden Design - 56 homes with sweeping views of Atlantic Ocean, Biscayne Bay and the Miami Skyline in 25 stories - Diverse layouts ranging from 3 to 6 bedrooms, with spaces between 3,300 to 12,600 SF - 200 linear feet of pristine private shoreline - 10 foot ceilings and floor to ceiling windows - Direct private-elevator entry to each residence - Terraces up to 12 feet deep offering direct views of the Atlantic Ocean and Biscayne Bay - Fully finished wardrobe in every bedroom, with oak mill work and leather-lined drawers - A lavish amenity program, offering the best of Bal Harbour beachfront living - Activities deck with resort-style pools, outdoor spa, sunbeds and cabanas, poolside food and beverage service, plus pickleball and padel courts - Residential butler and estate manager to facilitate deliveries, errands and in-residence services, including: private chef, shopping, medical concierge, housekeeping, maintenance, welcoming and escorting guests, laundry/dry cleaning & more - Two-car private garage and storage area for every residence - Now Under Construction, delivery 2027 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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