Oct ‘24 - Your Competitive Edge Starts Here

Hello Friends! As we enter into our last quarter of the year, some of you may be in the mindset of reflecting on the first three quarters or have already begun planning for next year. For those that aren't thinking of the past and future, the present moment is as valuable. The current state of the market in Miami Beach is shown below with Year To Date numbers for the condo market. This year's continuous trend has been more inventory in the market, with fewer sales while increasing the average sale price. There can be many factors contributing to this, however here are my thoughts: 1) Higher interest rates drove many buyers in the waiting period 2) More inventory available in the market, but building isn't finance-able due to special assessments towards structural work or insurance coverage 3) Buyers are wanting more turn key products, hence higher average sold price YTD 4) More units that need some TLC are hitting the market driving the average list price down from last year with a 90% list to sold percentage With additional inventory in the market, it's imperative that you work with a qualified agent whether you're buying or selling. Our brokerage, Compass, offers an exclusive list of inventories that are off-market that can only be seen within the Compass network. I invite you to consider this competitive advantage and ask me today about Private Exclusive Listings. I just might have something you're looking for. - Thanks for Linking Up - Lily

🏡 JUST LISTED 🏡

Brickell 801 South Miami Avenue, Unit 5403

1 BED + DEN | 2 BATH | 848 SF LP: $819,000 Introducing Unit 5403, a highly sought out 1 Bed+Den | 2 Bath unit, situated on one of the highest floors in the luxurious SLS Lux Brickell. The '03 line is uniquely positioned, as it's the only south facing 1 Bedroom layout in the building. As you enter through your private foyer, you'll be greeted with stunning views of Brickell and Biscayne Bay. The flexible den provides maximum comfort for those looking for a quiet office space or room for your overnight guests. Primary suite offers double sink vanity and walk-in closet. Soak up the sun in your deep extended balcony and enjoy the city skyline. Enrich your lifestyle by utilizing the expansive amenities from state of the art fitness center & spa, resident only rooftop pool, club lounge & patio, tennis/basketball court & more. OPEN HOUSE SUNDAY, OCTOBER 20 1:00PM - 4:00PM

Private Exclusive Listing Fully renovated 2 Bedroom and 1.5 Bath unit located in the heart of Miami Beach. Contact me today to learn more about this listing.

See All My Listings

🔐 SOLD & UNDER CONTRACT 🔐

Deco Plage Condominiums 100 Lincoln Rd, Unit 511 2 BD | 2 BA | 1,190 SF | $866,000 SOLD Buyer Representation North Beach 6515 Collins Ave, Unit 603 2 BD | 2 BA | 1,126 SF | $6,500 RENTED Tenant Representation

📰 Miami in the News 📰

Fisher Island ranks in the top 5 most expensive US Zip codes with an average priced home at $5.75M. See what other zip codes made the list. Read Here

🔦 Hospitality Highlight 🔦

Ritz Carlton, Naples 280 Vanderbilt Beach Road, Naples The Ritz Carlton Naples went through a massive renovation since Hurricane Ian and reopened last year. In celebration for our anniversary, we decided to go for a romantic weekend getaway. The staff treated us as VIPs with an upgrade to an ocean view suite on the TOP floor. Wow let me tell you, the additional ceiling height really makes a difference. The recent renovations enhanced the sunsets we got to see down by the beach and in our room. Plus we had access to the sister property, Ritz Carlton Tiburon, which has a golf course, tennis courts and a small water park for hotel guests to enjoy as an extension of amenities. It was the perfect balance of outdoor activities and unplugging for the weekend. With our busy schedule, the convenience to be able to pack our car and arrive in 2.5 hours was a huge benefit to our relaxing weekend. I highly recommend a stay here. Visit Ritz Carlton Naples

🎟 Local Happenings 🎟

October 18 - October 20 Taylor Swift's Eras Tour Buckle up Miami, Taylor Swift is returning to the United States from her Eras tour after visiting Europe. Performing at the Hard Rock Stadium for three nights in a row, grab your tickets below. Purchase Tickets Here

October 26 & 27 Markets for Makers Returning again this year, Markets for Makers is an opportunity to support local small businesses bringing independent artists, home decor specialists, fashion, art, design, food and more. Get Your Tickets Here

This Month Home Inspiration Built In Coffee Stations Lily's Pinterest Inspo

🏗 New Development Spotlight 🏗

The Residences Mandarin Oriental, Miami Brickell Key Building Highlights - Developer: Swire Properties Inc. - Architect: Kohn Pederson Fox (KPF) - Management: Mandarin Oriental Hotel Group - Interior Design & landscape : Tristen Auer & SHMA - 228 meticulously crafted residences - 66 Story Building - Layouts ranging from Two bedrooms to Five bedrooms - Sprawling 2,333 SF to over 5,800 SF - Soaring 11 ft high ceilings - Each residence boasts spacious terraces, private elevators, and double door entries - Residences include unique features such as assigned storage, and wet bars on every terrace for the ultimate outdoor entertainment Project to be Delivered: 4th Quarter of 2029 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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