New Condo Deals Page Goes Live

July 9, 2008 by Lucas Lechuga

The new “Condo Deals” section is now live on our Miami Real Estate Social Wall.  I had been pretty bad about keeping the condo deals page updated.  This should no longer be a problem.  The backend improvements now allow me to publish new listings in much less time.  I plan to update the condo deals page at least 2-3 times per week.  Enjoy!

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196 Comments on "New Condo Deals Page Goes Live"


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Anonymous
jcrimes
8 years 2 months ago

lucas
why are there so many damn short sales and foreclosures at aqua island? what happened with this project?

Anonymous
8 years 2 months ago

I’ve been very surprised about that development. It seemed to get universal positive praise during pre-construction… made it sound like an exclusive Shangri la.

Obviously, it’s mojo ran out.

Anonymous
doc T
8 years 2 months ago

lucas, that’s what I was talking about when I commented about the need to show us the merchandise. Thanks for responding. I am impressed thus far and expect you will be able to post many good deals. Aqua looks good but the hoa monthly seems very high!

Anonymous
Once again
8 years 2 months ago

Thats the prob w/ Aqua. Great building ok location but the HOA is the dagger that will kill you.

Lucas great work these listings like that should generate mor eintrest to your site and get your more biz as buyers want a proffesional like yuo to represent them. Great job!

Anonymous
AJ
8 years 2 months ago

Lucas, I definitely agree on 2805 in the 1800 making the list of condo deals. With that view and that location and that building. It is a deal. I know that decorator ready units (concrete floors) are asking for 530K. The fact that this unit is all Marble Floor and still priced at 474K makes it very well priced (Marble floors cost anywhere between 20K to 40K to each 2/2 flat in the 18).

Guys don’t let this one go.

Anonymous
grape vine
8 years 2 months ago

Heard from someone who lives there that there are sewer issues. Rocks, debris is stuck in the lines and was never properly fixed by the developer. Hence flooding problems, and other rather unpleasant issues. It is apparently on one side of the island only (not sure which one) and the other side is okay.

Anonymous
Visionary
8 years 2 months ago

AJ

Have you an idea how large the quote of foreign buyers is in 1800 and Q ?

Anonymous
gables
8 years 2 months ago

great listings! nice to see the best deals all in one place, these are what i am looking for. appear to be a lot of short sales in the list. are these worth pursuing? any experience from others on whether it is realistic to get a short sale at price listed, or is it just a gimmick to get interest?

Anonymous
Storm
8 years 2 months ago

I am loving the condo deals page. Nice Lucas!!!

Riding my bicycle around the Brickell, Downtown, Omni and Midtown areas has reinforced my thoughts that these neighborhoods would be soo much cooler and friendlier if we could extend the Metro-Mover into these areas. It would make Miami more livable and attract more buyers to these areas. Especially now with gas prices so high.

We need to band together as citizens and get the city council to actually do some forward thinking and plan this builidng expansion out.

We will need to neutralize BRAMAN, though.

Anonymous
jcrimes
8 years 2 months ago
Storm I’m not sure what your beef is with Braman. He just wants people to be able to vote on all this stuff. Considering the recent debacles in public works down here, I think we all should be suspicious of any further expenditures of OUR money by our inept public servants. my take: 1. the tunnel is a garbage idea (they can’t even build an airport terminal right; now we expect them to be able to somehow build something as complex as an underground/underwater tunnel…please). 2. regardless of how one feels about whether the public should finance sports teams (they… Read more »
Anonymous
Visionary
8 years 2 months ago

Storm

You should dispatch the Miami-Dade commission to take a profound look in one of our cities in Germany or Switzerland to learn how a modern mass transit system works.
But I think they don’t find it worthwile, the will prefer sitting in their offices and making blether promises.

Anonymous
Bender
8 years 2 months ago

You can’t blame the government totally for the failure of Metrorail. A lot of that has to do with the citizens of Miami-Dade as well. Rather than allow the government to let Metrorail to do something useful and run along the Biscayne corridor, a lot of NIMBY citizens whined loudly to the commission and forced the Metrorail into its current stupid configuration with useless stops like Martin Luther King and Allapattah.

Anonymous
AJ
8 years 2 months ago

Visionary,
I think there is no way to know that. Even if you want to identify them by eye, Europeans, American and South Americans look nearly similar, until they open their mouths! But from what I see in the 1800, it is loaded towards Americans and then South Americans. I have seen very few or none Europeans. That may be because all the water view units are 2 BR’s and the 1 BR’s that the Europeans prefer (?) do not have water views.

Anonymous
jcrimes
8 years 2 months ago

actually AJ, i have a simple test that can distinguish at least foreigners and americans. anyone above the age of 30 who is wearing abercrombie gear is definitely a foreigner. without any statistics to back me up, i’ll make a bare bones assertion that my little test has about a 87% accuracy.

all you 30+ y.o. americans that own AF gear…flame away

Anonymous
Visionary
8 years 2 months ago

AJ

You are right, we Europeans prefer 1 BR’s.
I bought a 1 BR (03 line) in Q.

jcrimes:
I do not wear abercrombie clothes (to expensive)

Anonymous
Storm
8 years 2 months ago

Jcrimes

I don’t have a beef with BRAMAN personally but if we have to wait for Miamians, as a collective, to make a smart decision then nothing gets done. I agree with his points but we have to take into account that Miamian’s aren’t linear thinkers

I know expanding the metrorail/metromover will involve cost-overruns, corruption etc. but that’s par for the course in Miami. I just want it built. If we wait to get input from the general population then nothing get done and nothing changes here in Sunnyville.

Anonymous
AJ
8 years 2 months ago
J crimes, I thought it is usually the other way. 30+ Americans wearing AF to desperately hang on to their youth. Visionary, 03 line in Q is a nice 1 BR with water views. Good choice. I don’t know how much you paid but I last knew of a rock bottom price of 209K for one of those units. Storm, I really hope that the Metro Mover will be extended from the schoolboard station to Target/Midtown via NE 2nd Ave on surface or by Biscayne Blvd by elevated tracks. You gather the people from Midtown, I will do my part… Read more »
Anonymous
Visionary
8 years 2 months ago

AJ

I paid 200k for the 29th floor (all cash).

Anonymous
Visionary
8 years 2 months ago

AJ

Do give you an example why we Europeans find the Miami RE market very attractive:
The amount of the full price I paid for the said Q condo would only be sufficient as down payment in my home town for a same size 1 BR in comparable location !

We have to pay about $900-1,100 per sf and a parking space is not even included !
Parking spaces cost about $ 35-40k extra.

Anonymous
Miami2008
8 years 2 months ago

How does the 09 line in Q complare to the 11 line in 1800?

Anonymous
Linda
8 years 2 months ago
Not to move off topic because I think the new condo deals page is great. Thanks Lucas! I was curious why Met 1 has not been added to the list since it is a significant project of 445 units that is has been closing for the past month. Do you have any figures you could share? I read one of the comments from the Miami Herald article about Greenberg Traurig signing for over 100,000 sq feet of commercial space that pertained to Met 1 which seems surprising from what I had read about this project in the past. I pasted… Read more »
Anonymous
AJ
8 years 2 months ago
Visionary, That is an excellent price for such a high floor. It is a very good line. Yeah, parking space is not even includede in most cities and condo buildings. Most times they do not even have a balcony. Case in point, New York and most European cities. I love the fact that Miami is such a good deal compared to else where, especially now that the prices are very reasonable. Miami 2008, I did not see the line 9 in Quantum, but line 11 in 1800 is a very good line. It is the largest 1 BR in the… Read more »
Anonymous
8 years 2 months ago

1 bedroom foreclosure at the Flamingo South Beach just became available for $229,900. It’s on the condo deals page now.

Anonymous
8 years 2 months ago

Here’s some good news about Bayfront Park’s amphitheater: http://miamitodaynews.com/news/080710/story2.shtml

Anonymous
Wild Bill
8 years 2 months ago

The City of Miami is going to allow more congestion in the downtown area so they can collect a few bucks to balance the budget.
I hope they have lots of hip-hop concerts. The police need the overtime.

Anonymous
RM
8 years 2 months ago

Visionary,

Thank you for purchasing from us the ’03 line 1BR unit at Q for $200k (cash). We were happy to break-even on the unit. We paid $188K from the TERRA back in 2004.

We hope you enjoy it.

Also, if interested, we have a 2BR in the ’02 line (probably the best line in the Quantum building) for $449K. The only other unit for sale in this line is the # 3302 at $550K.

Please contact Lucas for my e-mail address.

Anonymous
8 years 2 months ago

Lucas are you planning to include Bal Harbor and Sunny Isles on your deals page.
Great page, thanks.

Anonymous
8 years 2 months ago

RM,

I agree, that is a spectacular deal for an 02 at Quantum. What floor is yours on? Why don’t you have it listed on the MLS? That unit would be getting plenty of showing time if it were. Have you closed on it yet?

Anonymous
RM
8 years 2 months ago

We had a contract but we were unable to close. TERRA and Greenberg Traurig still have title issues at the Quantum. The contract expired on June 30th. That is why it is no longer listed on the MLS.

Anonymous
Visionary
8 years 2 months ago

RM,

I am glad that you got break-even.
Thank you for your offer on a 2BR in Q.
But for reasons of risk distribution, I never buy more than one condo in the same building.

Anonymous
Juniper
8 years 2 months ago

$200k for a one bedroom at Quantum? That sounds wonderful! The pictures of the place make it look great, is it really all that?

I recognize that the neighborhood isn’t that great, but $200k to be on such a high floor… wow, nice.

Anonymous
la la
8 years 2 months ago

Well, let’s see what happens to public transportation when gas becomes 10 bucks a gallon here like it is in Europe…it may force us into action…our current conditions are not sustainable…

Btw the comic relief is hilarious, you all crack me UP! I’m jiggy w it.

Anonymous
8 years 2 months ago

RM, have Monica contact Clear Title Group. Thats how we were able to close the 03. They know whats going on with the process.

Anonymous
AJ
8 years 2 months ago
Juniper, You said “I recognize that the neighborhood isn’t that great”!!!!!!!!!!!!!!! Are you even from Miami? You sound so ridiculous when you make such silly statements. Obviously you have no clue about the Pace Park area. The Chief of Miami Police, Many important Politicians, Movers and Shakers live in the Pace Park adjoining buildings. You are most welcome to go away and live in a one road accessible Brickell if you want. We dont want your 200K or will appreciate your gracing our neighborhood if you do not think it is not all that. We would like people who passionately… Read more »
Anonymous
AJ
8 years 2 months ago

Samir,
You still owe me a dinner. LOL.

Anonymous
Un-Related
8 years 2 months ago
Linda said about MET 1: “The majority of buyers who have moved in unfortunately from what I have heard through discussions are unhappy and disappointed with the quality and workmanship after waiting more than 4 years for completion of this project.” If you know any of them, tell them to put a cork in it! Stop the whining or MDM’s investor / partner, Shaquille O’Neal will get on a plane, come to Miami, hunt the down and sit on them! Sorry, but I couldn’t resist. I feel for those buyers because the Purchase Contracts for MET 1 are air tight!… Read more »
Anonymous
8 years 2 months ago

AJ,
Are you still in town. How about Sunday?

Anonymous
AJ
8 years 2 months ago

Hi Samir,
I am still enjoying the Balmy NYC weather. It is 80/70 consistently and no humidity at all. Almost heaven.
I will be back in Miami Aug/Sept some time. I will cash in my chips then. Thanks for the offer :)

Anonymous
8 years 2 months ago

Sounds good. Give me a buzz.

Anonymous
Wild Bill
8 years 2 months ago
If you can walk six city blocks in any direction from your condo without ending up in a ghetto or cemetery your condo is in a great neighborhood. I’m not sure the Pace Park area passes the six block rule. The Biscayne Park Cemetery should be within six blocks of Quantum. These guidelines have been in place since the European settlers came to America. Man made islands are exempt from this rule. Don’t feel bad if you live in Pace Park area, Midtown and Park West don’t pass either. Apparently many important people who live in Pace Park area, either… Read more »
Anonymous
jcrimes
8 years 2 months ago

AJ
actually, the neighborhood around quantum isn’t that nice. go a block or two west and it’s quite underwhelming.

Anonymous
Un-Related
8 years 2 months ago

Wild Bill said: “Apparently many important people who live in Pace Park area, either forgot or ignored the six city blocks rule.”

Probably original owners at “The Grand” (when it was “grand”) from the days when it was the only upscale residential building on Biscayne.

In the 1990’s, from 17th to 100th, or so, on Biscayne was a crack-fueled war zone. What was that City Commissioner’s name? Joe Gersten?

At lease the Everglades took out the Denny’s where the addicts used to pander 24/7!

Total reclamation of the area will take decades. It’s “westward ho” from Biscayne…if you dare!

Anonymous
AJ
8 years 2 months ago
Wild Bill, We are not Quakers or Pilgrims. For them getting 2 square meals a day is like hitting a lotto at that time. Their rules dont apply today. In any case, what the hell do I have to do 6 blocks west of Q or 18 or Cite or Grand? This area is developeing to be a city within a city from where you never have to leave if you dont want to. People who live in this area have a strong sense of belonging to their neighborhood. You cannot say about that to Park West, Brickell or Midtown… Read more »
Anonymous
doc T
8 years 2 months ago

lucas, will this link be updated automatically or will you issue a new updated link everytime you do your postings?

Anonymous
la la
8 years 2 months ago

AJ is right that the infrastructure and mix of uses is better than Brickell with its parks and cultural venues, and it’s true that this area is vastly improved.

It still needs some love though…but it has been and will continue at a rapid pace to get it and get better and better.

What heartens me so much is the pride and sense of ownership AJ speaks of in the community, that is not very commonplace nowadays ANYWHERE, least of all Miami!!!

Anonymous
8 years 2 months ago

The Condo Deals page will be updated every couple of days. You can find the link at the very top of this website.

Anonymous
AJ
8 years 2 months ago

La La, Thanks for the vote of confidence. Actually it is not just me but you scratch any Pace Park Citizen and you will find that they are fierce about their loyalty to this area. I dont think the outsiders can understand. Probably they do not have such compelling reasons to love their own neighborhoods that much and they cant understand what this fuss is all about. I think there is only one other place where the community is very proud, loyal and active to their neighborhood which is SOFI.

Anonymous
la la
8 years 2 months ago

Yes, that’s true about SOFI and for good reason too.

Anonymous
Renter Tom
8 years 2 months ago
The foreclosures have just begun. We’re going to see a very very tough second half of 2008 and 2009. As such, I’m sure the “New Condo Deals Page” will get pretty darn long. If you had asked me how bad this housing situation would get, I would not have thought it could get this bad. The tide has rolled out and is continuing to roll out reveling a lot of crap under the water. At this point, if there are any cheerleaders left in the bubble markets of CA, FL, and Las Vegas, we need to find them a mental… Read more »
Anonymous
DLJ
8 years 2 months ago
Hi lala and AJ, You know its always a pleasure to read both of your posts. It seems that we are always in agreement irrespective of the circumstance. As you guys know, I own a condo in Quantum and live in SOFI and hence these last 2 posts have a huge relevance for me and I couldn’t agree more with you guys. By the way, the developers of quantum have agreed to deal with us directly and they seem amenable to work with our impromptu association. They agreed to even post our meetings in the mail room which I think… Read more »
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