Link Up With Lily - Jul ‘23

Hello Friends! Once upon a time there was a little mystical creature flying called the Interest Rate and would sprinkle it's magical rate at a mere 2.67% in 2021. However, the big bad dragon huffed and puffed and increased the Interest Rate to a 6.81% for a 30 yr fixed rate mortgage as of July 6. If you're waiting around for the low rates to return, you may have missed your chance. Article here shows you why this may be by the chief economist of the National Association of Realtors. So you may ask, when is the best time to buy? It's about timing and when you're ready to start investing. The upside of investing in a home is that it provides a roof over your head and you can ride the waves of up and down in the market. Although mortgage rates have nearly doubled, the home price index ticked up, keeping the value of homes steady. Housing market is just like stocks. Read more to learn tips on buying. All my best, Lily

🏡 Featured Listings 🏡

Miami beach 5500 Collins Avenue, Unit 1402 3 BED | 2.5 BATH | 2,827 SF | $1,499,000 Nestled in the heart of Millionaire's row, uncover the exquisite Towerhouse Condo located at 5500 Collins Ave. This luxurious building has a 24 hour doorman, valet parking, dock, in-house restaurant, concierge, pool, fitness center, tennis court and a vital course. The unit spans an impressive 2,827 sqft and presents a fantastic opportunity for a complete renovation, with the potential to effortlessly transform it into a 3BD condo. The opulent unit has floor to ceiling windows from every room so you don't miss a single moment of the breathtaking Biscayne Bay and Miami Skyline views. Recently completed, the glass balconies allow you to enjoy peaceful mornings or relaxing evenings in the deep open balcony. This is an incredible opportunity to turn this unit into the condo of your dreams. Listed Exclusively by Mendel Fellig Group

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📰 Miami in the News 📰

Florida prices holding steady as people flock to the sunshine state.

🔦 Hospitality Highlight 🔦

Mister 01 Pizza School Are you ready to become a master pizza chef? Although you won't leave with a chef license, after completion you'll earn a Mister01 Pizza Certificate and you'll come out more informed on the ways of making artisanal pizzas. This spectacular indoor activity is perfect for the summer. This activity is perfect for any occasion. You can gather a group of friends for a celebration, spontaneous date night, or even a fun bonding moment with the family (age limits applied). This was a fun experience as we made our own pizza dough that we eventually got to take home and had the option to make pizzas at home or create focaccia breads with it. I made the most amazing sandwiches out of the focaccia bread. I think I'm craving it as we speak. Besides the take home dough, we tried some of the house favorite pizzas (must try Coffee Paolo), created our own custom pizza and had unlimited wine. To learn more about the class, click this link here. Held in the Wynwood location only in South Florida, feel free to reach me to book a reservation to receive special rates. Get a slice of this action

🎟 Local Happenings 🎟

July through august Miami Spa Month Check out the list of participating spas that's offering some amazing deals throughout the summer months. Treat yourself and indulge in the fully experience of relaxation. List of Participating Spa

This Month Home Inspiration Wallpaper Lily's Pinterest Inspo

🏗 New Development Spotlight 🏗

Shoma Bay Exciting new development in North Bay Village. Shoma Bay will be a mixed use development offering breathtaking views while offering luxurious living spaces, combining outdoor living with incredible amenities. Prices starting at: - Studio (346 sqft): $475,000 - 1 Bedroom (697 sqft - 1097 sqft): $725,000 - $872,000 - 2 Bedroom (1,025 sqft - 1,119 sqft): $954,000 - $1,090,000 - 3 Bedrooms (1,349 sqft): $1,308,000 - Penthouses: Prices available upon request Prices and availability subject to change without notice I'd Like to Know More

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

Lily Choi R.E. 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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