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Posts Tagged ‘Miami Beach’

Portofino Tower 3402 Sold to our Buyer!!

September 26th, 2018

Aerial view Portofino TowerAerial view Portofino Tower

We just had our most recent $2,000,000+ sale. This time to our buyer at the Portofino Tower in the South of 5th neighborhood of South Beach.  The Portofino Tower is a luxury landmark in South Beach that has some of the most amazing views in all of Miami Beach.

SOLD! 19251 Fisher Island Drive

August 4th, 2018

The Block Team did it again we listed and more importantly we SOLD!

This is the third Keyes Sale in Fisher Island in the past month.Fisher Island Fisher Island

Great Feedback from a Colleague

July 17th, 2018

Its always nice to receive an email like with from a colleague.

You must have done an amazing job. They called me after the inspection and were shocked (and relieved) that my responses mirrored what you had told them. I reminded them we are in very different markets so I would defer to your knowledge of the values etc, of anything Miami. I just stated location won’t change so if they love that, everything else can be fixed with time. They certainly trusted your knowledge and instinct. You have been a rock star and I truly appreciate your professionalism and expertise. If you need anything further, please let me know. I hope we can work together again!

SOLD Akoya Unit 3001 for Best Price in 2018 & Apogee Beach Unit 1603 Sold to our Buyer

May 23rd, 2018

Two sales for over 1.5 million in two days. One was our Listing in the Akoya unit 3001 which sold for the Highest in the price building per square foot in 2018. The other was Apogee Beach 1603 which was Sold to our Buyer who paid the Lowest price per square foot in 2018. As the old saying goes buy low and sell high!

MIami Beach Condos with Beach Views 

Residences By Armani/Casa

February 8th, 2016

Residences By Armani/Casa will be located on the beach in Sunny Isles Beach at 189th & Collins Ave.

The Residences By Armani/Casa, will feature 308 residences and 56 floors.
2, 3 and 4 bedrooms residences with spectacular views.
This will be the first residential Armani Tower in the United States.

Developers: Dezer Development & The Related Group
Interior designs by: Giorgio Armani – Armani/Casa Design
Architecture by: Cesar Pelli
Landscape architecture by : Enzo Enea

This Residential only tower will feature luxury resort style amenities such as:
– an Oceanview private Restaurant with indoor & outdoor dining,
– an Oceanview private Bar,
– Armani Prive Lounge
– Spa with indoor and outdoor treatment rooms, Oceanview Gym and exercise room
– Movie theater
– Adults Game room
– Kids activity room
– Cigar Room,
– Wine Room and more


Armani Casa Image








Armani casa pool









Sample inventory

Model A
@ 3,650 sf to 4,200 sf
4 bedrooms plus service, 5.5 baths
Amazing views in every direction – Ocean & Intracoastal water views.
Corner residence; Wraparound balcony
600A $4,800,000 (this one size is 3,670 sf)
2000A $5,200,000 (this one size is 3,798 sf)
3400A $5,620,000 ( this one size is 3,943 sf)
4600A $6,000,000 ( this one size is 4,072 sf)

Model C-Mod
3,050 sf
3 bedrooms plus den plus service,5.5 baths
Flow thru unit with Direct Ocean and Intracoastal water views
#1001 – $3,700,000
#2601 -$ 3,800,000
#3001 – $3,775,000
#4001 – $3,850,000

Model B
4 bedrooms plus den plus service,5.5 baths;
Flow thru unit with Direct Ocean and Intracoastal water views
#4002B $4,000,000
#3002B $3,825,000
#402B $3,600,000

Model C
3 bedrooms plus den,3.5 baths
Flow thru unit with Direct Ocean and Intracoastal water views
#4903C $3,925,000
#4203C $3,750,000
#3703C $3,625,000

Model D
@1,801 sf to 2,100 sf
2 bedrooms plus den, 2.5 baths
Corner residences with Direct Oceanviews and Intracoastal water views too
#5004D $3,125,000(2,046 sf)
#4404D $2,900,000 (2,010 sf)
#3804D $2,825,000 (1,975 sf)
#404D $2,525,000 ( 1,801 sf)
Model E
@1,400sf to 1,600sf
2 bedrooms, 2 baths with Huge balcony @ 1,000sf
Intracoastal views and partial ocean views
Breathtaking views!!
#5205E $2,250,000 (1,562 sf)
#3605E $1,950,000 (1,483 sf)
#3005E $1,900,000 (1,448 sf)

Deposit schedule

20% at contract signing (NOW)
20% at Groundbreaking ( January 2016)
10% when construction reaches mid floor ( @ 2nd Quarter 2017)
Balance at Closing – @ Middle 2018

Call or Email Mark at 305 812 0184 or

Miami Beach enacts developer-specific ethics ordinance

January 15th, 2016

Critics say measure falls short; commissioners called it “strictest in the state”
January 14, 2016 09:45AM
By James Teeple

Miami Beach commissioners unanimously enacted a new ordinance on Wednesday that prevents commissioners, political candidates and their supporters from soliciting contributions from vendors doing business with the city or lobbyists for PACS. The legislation was proposed after developer contributions became a heated issue in citywide elections last year that saw three new commissioners elected and Mayor Philip Levine re-elected. A PAC linked to former commissioner Jonah Wolfson raised an estimated $1.4 million – an unprecedented sum by Miami Beach standards – from a slew of developers and others with significant business interests at City Hall. Commissioners and the mayor praised the new legislation. Commissioner Michael Grieco called the ordinance “the strictest in the state” when it comes to ethics and Levine told The Real Deal that the city now “has a code and ordinance that specifically defines developers,” and said “developers are defined as those coming before the city for a development agreement.” Levine added “those particular class of developers would be unable to directly or indirectly contribute to candidates running for office in Miami Beach.” But critics said the ordinance does not go far enough. Civic activist Frank Del Vecchio said that while there are positive aspects to the new ordinance, the legislation was drafted “so narrowly, it’s like the eye of the needle.” Del Vecchio said the city’s definition of what constitutes a “real estate developer” is so narrow that the ordinance would only cover two of the 63 developers with city projects in 2015, leaving 97 percent of developers free to make political contributions to candidates or campaigns. Some commissioners on Wednesday voiced support for expanding the definition of what constitutes a real estate developer, but city attorney Raul Aguilar cautioned commissioners that any such move to do so could be challenged in court on First Amendment grounds. “As all of us know the Supreme Court of this land is becoming increasingly liberal with regard to campaign contributions,” Aguilar told the commission. He added, “We’re pushing the envelope as far as we can but at the same time we have to be conscious of the law of the land.” – See more at:

Miami Beach commission rejects reducing size of new homes

January 15th, 2016

Revised amendment does impose front and side setbacks to increase green space
January 13, 2016 04:30PM
By James Teeple

After months of heated debate, the Miami Beach Commission rejected an ordinance on Wednesday that would have limited the lot coverage and unit size of new single-family homes being built in Miami Beach. At a commission hearing packed with supporters and opponents of the measure, commissioners voted against reducing maximum lot coverage from 30 percent to 25 percent, and reducing the maximum unit size on a lot from 50 percent to 45 percent. If the measure had passed, anyone trying to build a 5,000-square-foot-home on a 10,000-square-foot lot would have had to reduce the house’s size by 500 square feet. Commissioners agreed with opponents of the ordinance who argued that not enough time had elapsed since the city last reduced lot and unit size in 2014. Commissioner Michael Grieco said of the 4,059 single-family homes in Miami Beach only 220 were between 45 to 50 percent unit size and most of those he said were built before 1942. While they rejected the proposed ordinance the commissioners did approve an amended ordinance that had earlier passed the city’s planning board that imposes front setbacks of 30 feet for new two-story homes as well as 10-foot setbacks between any new home built and its neighbor. Commissioner Joy Malakoff the sponsor of the original ordinance told The Real Deal she was pleased the amended ordinance passed. “As homes are built higher, the greater setbacks, 30 feet for example, instead of 20 feet in front, will allow for a gradual adjusted grade going up to the homes, and because it’s more gradual, it won’t be running off into the neighbors, whose homes may be lower,” she said. But preservationists like Daniel Ciraldo of the Miami Design Preservation League said stripping out limitations on unit size and lot coverage from the ordinance means more architecturally significant homes on Miami Beach will be lost. He said that more than 100 homes had been approved for demolition since 2014 when the most recent ordinance was passed limiting home size. Both sides used the issue of sea level rise to argue their case. Preservationists argued that reducing lot coverage and unit size would help preserve more green space needed for flood control and cut back on new homes towering over their neighbors. However opponents of the ordinance like Ralph Choeff, who has designed many new homes on Miami Beach in recent years, said that new FEMA flood control requirements could make many old Miami Beach homes uninsurable in the years to come, and putting more restrictions on lot coverage and unit size was an “infringement on people’s property rights.” – See more at:

Miami Beach voters to decide on convention center hotel

December 11th, 2015

Supporters say hotel will anchor renovated convention center
December 10, 2015 11:15AM
By James Teeple

Miami Beach commissioners on Wednesday approved putting a measure on next year’s ballot that would allow the city to lease public land for the construction of a convention center hotel. The measure will be put on the March 15 primary ballot. The ballot measure received unanimous support from the commission. Three new commissioners, Ricky Arriola, John Elizabeth Alemán and Kristen Rosen Gonzalez joined with Mayor Philip Levine to vote in favor of the referendum. The city is seeking a 99-year lease for a parcel of land at the corner of 17th Street and Convention Center Drive, which will then be turned over to Atlanta-based Portman Holdings for the construction of a $400 million, 300-foot tall, 800-room hotel. The parcel is considered a prime site for development located just behind the Fillmore Miami Beach at the Jackie Gleason Theater. The hotel was supposed to have been approved earlier this year to coincide with the renovation of the city’s aging convention center. But because of earlier opposition to the hotel, at least 60 percent of Miami Beach voters must approve the lease before the hotel can be built. Plans for the hotel were put on hold in September after a poll commissioned by the developer found only 56.5 percent of likely voters supported it. Since then, Portman has begun community outreach efforts to convince likely voters the hotel will generate jobs. Portman CEO Ambrish Baisiwala told the commission those efforts will continue. “We look forward to engaging with the community,” he said. Supporters of the hotel project, including the Miami Beach Chamber of Commerce, and the Greater Miami Convention and Visitors Bureau say the hotel is necessary for the success of the convention center when it fully reopens in 2018 after extensive renovations. The newly renovated convention center will feature a 60,000-square foot-ballroom, which is expected to attract big trade and consumer shows. Hotel backers say a new hotel is needed to cater to that market. Work has already started on the convention center, which is expected to cost $615.7 million, making the renovation of the 58-year-old building the most extensive project ever undertaken in Miami Beach. The project is being funded by a 1 percent increase in the city’s resort tax, which voters overwhelmingly approved in 2012, three bonds and a parking enterprise fund. – See more at:

South Florida home prices show big gains

February 19th, 2014



The median home value in South Florida continued to climb in the last quarter of 2013 while mortgage rates crept downward. In other words: You have to earn about $44,000 a year to afford the average home in Miami-Dade and Broward counties.

The data, reported Tuesday by mortgage information site, showed that the median home price here was $254,900 in the final three months of last year, up 1 percent from the prior quarter and up 19.7 percent from the same period in 2012. The 1-percent quarterly jump was the biggest gain in any of the 25 markets included in’s research.

The average 30-year fixed mortgage rate was 4.43 percent, down .21 percent from the third quarter of 2013. Assuming a monthly payment of $1,024.77 — principal and interest only — a South Florida resident would need to make a $43,918.66 before taxes to cover the mortgage, said. More money would be needed to pay property taxes, insurance and living expenses.

That puts Miami-Fort Lauderdale at No. 16 out of 25 cities on the survey; Cleveland ($19,435.17), Cincinnati ($22,226.95) and St. Louis ($22,397.54) took the three top slots


Chamber Panelists: Miami real estate is on the upswing

September 29th, 2012

With the real-estate debacle in the rear-view mirror, Miami real-estate professionals exuded optimism about Miami’s outlook at a chamber luncheon.


There was no gloom, no doom and only a smidgen of caution at the Miami Beach Chamber of Commerce’s annual real estate luncheon at the W South Beach Hotel Friday.

“What a difference a year makes,’’ said Madeleine Romanello, a broker with One Sotheby’s International Realty in Miami Beach, who kicked off the luncheon event that drew a crowd of about 250.

While last year’s market was driven by foreclosures and short sales, Romanello said, a recovery in residential real estate is under way in South Florida amid a sharp drop in the inventory of homes for sale and a steady increase in prices.

Miami area home prices marked their ninth consecutive monthly increase in August, buoyed in part by robust international demand, Teresa King Kinney, chief executive officer of the Miami Association of Realtors, told the gathering.

Nearly one in three international transactions in Florida — the No. 1 state for international buyers — happen in Miami and Miami Beach, said King Kinney.