Mar ‘25 - Miami Real Estate Update + Where to Dine & Design Boldly

Hello Friends! I hope you are all having a wonderful first day of spring and enjoying the sunny and dry conditions we've had in the past weeks here in Miami. I'm happy to share that activity has picked up from a milder winter season and buyers are starting to get active. With snow birds driving the demand, the condo market has picked up from buyers looking for seasonal vacation homes to those downsizing from their current home. I forecast the single family homes to pick up in the next few months with the school year coming to an end. Miami continues to drive in the ultra wealthy clients that are making record breaking sales here in your neighborhood, take a look at this recent $120 Million sale on Star Island las week. I can't help to think with all the negative news about Miami real estate, why would these ultra high net worth individuals continue to invest and purchase these $10M+ homes? As these noteworthy sales continue to drive our local headlines, I can assure you the market continues to remain steady with average price homes increasing year over year [see below for 33139 or Miami-Dade Average follow link here]. With fewer Sold homes and growing inventory in the market, we've been in the buyer's market for a year. I say this to emphasize the importance of placing an offer in writing to my Buyers. And to my Sellers, there is a deal to be made, I advise you to continue to negotiate and keep the conversation going. - Thanks for Linking Up - Lily

🏡 JUST LISTED 🏡

Miami Shores 9720 Biscayne Boulevard

3 BED | 2 BATH | 2,331 SF | 11,688 SF Lot Asking: $1,495,000 - Renovated Kitchen - Spacious and flexible floor plan - Updated plumbing - Brand new floor and freshly painted - Impact windows and newer roof - Brand new AC and duct work - Oversized lot, with access from back alley way entrance - Located in the friendly neighborhood of Miami Shores - Walking Distance to Miami Shores Country Club with access to golf, tennis, pickle ball, and restaurant

Millionaire's Row 5055 Collins Avenue, Unit 6M

2 BED + Study | 3 BATH | 1,660 SF Asking: $850,000 - Spacious corner unit with unobstructed views of the Intracoastal Way - Unit comes with laundry room with full sized washer and dryer - Abundant closet space with a den that can be converted into a study/office - Beachfront residences with resort style amenities which include valet, 24/7 front desk & concierge services, fitness center, pickle ball court, beach chair & more - Completed recent special assessment of replacing all windows into hurricane impact, paid off by seller - Building has passed 40/50 year recertification and collecting reserves

See All My Listings

📃 UNDER CONTRACT 📃 Miami Beach 330 West 47th Street 4 BD | 4.5 BA | 2,636 SF Last Ask: $2,695,000 Representing Seller Venetian Island Undisclosed Location $11,000 / Month Under Contract Representing Tenant

📰 Miami in the News 📰

Miami Luxury Market Booms in 2025 as Demand for Ultra Luxury Residences soar Read Here Listing by Mendel Fellig 9349 Collins Ave #406 Asking: $21,000,000

🔦 Hospitality Highlight 🔦

Located in Little River, this once pop up restaurant has found it's location. Closed on Tuesdays, make sure to go on a full moon night as the light illuminating from the sky adds to the perfect courtyard ambiance. Enjoy the different types of steaks they offer and don't forget to ask the servers what the special of the day is. Reservations booked through Resy

🎟 Local Happenings 🎟

Miami Open March 16-30 A star studded event within the courts and off the courts. Watch Singles and Doubles with your friends or family. The grounds will be filled with activities and local foods Grab Tickets Here

Ultra Miami March 28-30 Returning for their 25th anniversary, this sold out ticketed event will be one to not miss. See you there!

This Month Home Inspiration Pattern Drenching Lily's Pinterest Inspo

🏗 New Development Spotlight 🏗

Pagani Residences North Bay Village Building Highlights - Developer: Riviera Horizons - Architect: Revuelta Architecture International - Landscapes: L&ND - Interior Design: A++ - 30 stories with sweeping waterfront views on the rooftop - 70 two to four bedroom residences (ranging from 2,000 SF to 3,300 SF) - Corner-only residences, with only four per floor and large terraces ranging from 800 SF to 1,040 SF - 240 foot boardwalk fronting Biscayne Bay - 11 foot ceilings in all residences - Spacious 11 ft wide terraces in all residences - Exquisite primary bedroom suites with walk-in closets - PH Rooftop Level 360 rooftop with sunrise-to-sunset views - Luxurious private pool with hot tub / jacuzzi - Meticulously appointed summer kitchen - Services ranging from airline and private air reservations, airport and ground transportation arrangements, ordering floral arrangements, shopping information, golf tee-time reservations, restaurant reservations, dog walking and more. - Ground floor will have private marina with boat slips - Residents' Lounge Level 8: Media room with custom built-in sound system, library, extensive co-working space with A/V capability 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.

marketingcenter--