Sep‘24 - New Season, New Possibilities

Hello Friends! Now that the dust has settled since NAR has rolled out the new required contracts for Showing Agreements and Buyer Broker Agreements, I am thrilled to share business is continuing as is. With the exciting news of the Feds cutting the interest rate for the first time in 4 years by .5% this creates a tremendous opportunity for both Buyers and Sellers. With affordability being an issue, the ease on the interest rates will help lower your mortgage cost. For those that have been sitting on the sideline, this may be the perfect opportunity to present an offer on that property you've been eyeing. As for Sellers, this creates an opportunity to lower your home equity line of credit or refinance your mortgage. Timing is impeccable as Miami's high season is right around the corner. With a forecast of a few more rate cuts in quarter basis points, the outlook is looking positive for the last quarter of the year. As far as movement goes, I'm hearing a good mix of migration still continuing into Miami. From Texas, Seattle, DC, NY, CT as the key feeder markets in my scope. My outlook is positive and look forward to helping you navigate through your real estate journey. - Thanks for Linking Up - Lily

🏡 JUST LISTED 🏡

Shorecrest 1071 Northeast 83rd Street

4 BED | 3 BATH | 2,364 SF | 14,668 SF LOT LP: $3,595,000 Introducing a boater’s dream home, this luxurious waterfront residence has been fully upgraded down to the studs. As you approach your spacious front yard, you’ll enter through your private courtyard. The primary bedroom features direct backyard access, spacious closets, a deep soaking tub, separate rainfall shower, and vanity seating. The bright open kitchen with generously sized quartz island and modern appliances blends perfectly with the living room. Extend your hosting space to the backyard, which has a built-in outdoor dining set, BBQ grill, and an inviting swimming pool overlooking 80 ft of water frontage, accommodating a boat up to 45ft. With no fixed bridges and direct ocean access, your sun-soaked days on the water are just moments away.

Sunset Harbour 1413 Sunset Harbour Drive, Unit 117 3 BED | 2.5 BATH | 2,420 SF LP: $3,595,000 Live in coveted Sunset Harbour in this beautiful fully renovated magnificent 3 bed 2.5 bath two-story unit with water views. Featuring architectural mastery & high-end finishes, marble and wood floors, elegant wood crown molding throughout, a kitchen with a large island, custom cabinetry, and top-of-the-line gaggenau appliances. The principal bedroom has volume ceilings, boasts an expansive built-out walk-in closet, a relaxing soaking tub, and a terrace. Custom bathrooms with Waterworks plumbing fixtures. The unit also features multiple balconies, a 2-car garage, and a large waterfront patio. Amenities include Sunset Harbour Yacht Club’s Olympic-size swimming pool, lounging areas, and marina dock slips for purchase or lease based on availability.

🔐 SOLD & UNDER CONTRACT 🔐

MIAMI BEACH OFF MARKET 1 BD | 1 BA | 667 SF | $346,000 BUYER & SELLER REPRESENTATION MIAMI BEACH 510 West 30th Street 6 BD | 4.5 BA | 3,926 SF | $3,475,000 SELLER REPRESENTATION (Only 20 DOM)

See All My Listings

📰 Miami in the News 📰

The Ultra Wealthy clients are choosing Miami-Dade to drop $10M+ homes and condos, ranking it 4th in global cities. (See our Compass Listing in Pinecrest located at 6080 SW 104th St listed at $10,750,000) Co-listed by Mende Fellig & Levi Meyer Read Here

🔦 Hospitality Highlight 🔦

Lung Yai Tapas (Pictured above chicken Pad Thai, Khao Mam Kai, and Lab E-sern) An unexpected soulful Thai restaurant is located in the most unassuming street of Calle Ocho. What feels like an alley way restaurant, with nearly broken chairs to sit on, the cozy restuarant is able to pack in tons of flavors in their authentic dishes. With only walk-in available, you'll sometimes be lucky with a seat available immediately or you'll have to wait patiently to be seated even if there's an empty table of 4 ahead of you. This place means business. With an emphasis on quick turnover by enforcing a strict, one time order policy, I highly recommend reviewing the menu while you wait for your seat. Portion sizes are small so if you think you're not ordering enough, add on two more dishes. You'll thank me later. Don't go if you're a large group or indecisive. Go for a first date or casual dinner with your friends. Shout out to my server who suggested to avoid Larb Muang due to high spicy level. Walk In and Pick Up Only

🎟 Local Happenings 🎟

August 1 - September 30 Miami Spice Month Miami Spice is back again and we are thrilled to see some newly added restaurants. Participating restaurants will have a three course meal for just $30/35 for lunch and $45/60 for dinner. I'm particularly interested in Casadonna. See participating restaurants here.

September 15 - October 15 Hispanic Heritage Month From September 15 to October 15 each year, during Hispanic Heritage Month, immerse yourself in Miami’s Hispanic culture with special discounts, concerts, and events. Explore Miami's Hispanic Culture

This Month Home Inspiration Outdoor Showers Lily's Pinterest Inspo

🏗 New Development Spotlight 🏗

Domus Brickell Center Building Highlights - Developer: North Development (combined entity from Oak Capital and Edifica) - Architect: MC+G Architecture - Mangagement: Domus Management - Interior Design & landscape : Urban Robot Associates - 579 Fully Furnished FLATS (Flexible Apartments Temporary Stays) - 35 Story Building - Studio to two-bedroom FLATS - 9+ ft ceilings - Delivered fully finished and furnished with hard flooring throughout - Keyless entry smart lock system and connection to Domus App - Modern fixtures, Bosch appliances, stone countertops and W/D - Private balconies in all FLATS - Expansive lobby with approximately 4,000 SF of gathering space Amenities Include: - Signature Domus Lobby Lounge: The Cypress Room - Cafe featuring a barista and baked goods - Artisanal market offering gourmet fare - Lush garden lounge - Rooftop pool and sky deck - Cabanas with daybeds and hot tub - Rooftop yoga deck and rooftop bar - Ample co-working space and conference meeting rooms 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--