Trey Songz Is Losing His Miami Condo To Foreclosure Over $1,700

It looks like Mr. Steal Your Girl needs to take a break and concentrate on becoming Mr. Pay Your Bills, because Trey Songz is about to make a big real estate mistake. After trying unsuccessfully to sell his Brickell Key condo, he has stopped paying the maintenance and is now faced with a foreclosure lawsuit from the private island’s master association over $1,700.

Court records show that the association placed a lien on the property in January, demanding payment of the monthly dues dating back to October of 2016. Apparently, the crooner and pop icon failed to make his $584.48 monthly payment to the association since October 1, and is now being slapped with late fees and 18% interest. After he failed to respond to their demand, the association has upped the ante and filed for foreclosure. If he still fails to pay, they will take possession of the condo he purchased in 2010 for $437,000 and recently had listed for $795,000. The property has since been removed from the market, but you can see the photos here.

This turn of events also makes me wonder the fate of his new condo at the brand-new Brickell Heights, which is scheduled to open May 1. The developer has not disclosed the purchase price of his new place, but buyers in the development are required to pay half of the final purchase price as a deposit during construction. If he fails to close in May, he will lose that money, which I imagine to be at least $750,000 (the penthouses were sold around $1.5 million).

What do you think is going on here? Could it be that one of the highest paid singers in the country cannot pay a $1,700 bill, or is he pulling a fast one on the condo association?

Where Do Tennis Stars Live In Miami?

Here we are at the Finals Weekend of the 2017 Miami Open! This week we have highlighted the new developments and existing buildings that offer amenities for tennis fans, but where do the tennis pros themselves choose to live? You would be surprised to know how many tennis stars have condos in Miami!

We have covered Andy Murray‘s attempts to sell his 45th floor apartment at Jade Residences at Brickell Bay. To be honest, I’m not sure what’s going on with this apartment. The price volleys up and down on a monthly basis, but nobody buys. It all started in November of 2015 when he listed the property for sale at just under $3 million. Someone placed a contract on the property, but it fell apart and the property went back to market for $2.7 million in October of 2016. That’s when the seesaw started. In November of 2016, the price went down to $2.59 million, then back to $2.69 million a few days later. In January of 2017, there was another reduction to $2.64 million, then down to $2.5 million in February. Two weeks later, the price was raised to $2.65 million and is still at that point. It is an interesting marketing strategy to say the least. I feel like that if they would stop the pricing games and have the property re-photographed, it would sell. We have apartment 4107 on the market in the same building and have experienced a lot of traffic. We hope to sell it very soon, but I digress. 

Probably the largest concentration of tennis stars will be in Edgewater at The Paraiso District. The project is top of the line when it comes to tennis with five hard-courts, the same as those at the Miami Open Masters, Gram Slam, US Open and Australian Open. Hard-courts are preferred by avid players looking to practice their fast game. Spanish former No. 1 professional tennis player Arantxa Sanchez Vicario and No. 6 French player Gael Monfils have already purchased their homes at the project and it has also been a favorite of Venus Williams, who made a surprise appearance at the opening of the sales gallery back in 2014. 

Andre Agassi and Caroline Wozniacki have also chosen to live on Fisher Island for its club’s expansive and globally ranked tennis facilities including a pro-shop and eighteen courts from grass to hard-courts to clay courts. Residents at Palazzo Del Sol, the latest luxury residential addition to the island, will have full access to the same club.

Jonathan Vilma’s Brickell Condo Fetches $1.1 Million

Super Bowl champ Jonathan Vilma has unloaded his 27th-floor, 2 bedroom condo at Jade at Brickell Bay for $1.1 million, according to MLS data. The unit has 1,730 interior square feet and features a private elevator and porcelain tiled flooring throughout, with direct, unobstructed views of Biscayne Bay.

According to public records, Jonathan Vilma purchased the property in 2004 for $940,000, the same year that he joined the New York Jets as a first round draft pick and named NFL Defensive Rookie of the Year. The former linebacker was later traded to the New Orleans Saints, where he helped lead them to a Super Bowl Championship in 2009.  The property was originally listed for sale last year for $1.335M, just a few months before Vilma joined ESPN as a college football commentator.

Jonathan Vilma is a native of Miami and a graduate of the University of Miami, where he won a national championship title and led the Hurricanes in tackles for three consecutive seasons. He is also co-owner of the popular BBQ joint, Brother Jimmy’s, at Mary Brickell Village.

Are A Rod And JLO Shopping For A Miami Love Nest Already?

Over the weekend, a selfie of Jennifer Lopez was shared with Alex Rodriguez’s sister, who happens to be a Miami realtor. Could this be a sign that they are house shopping again? The pair is no stranger to Miami luxury real estate, both have an impressive roster of property deals.

Both have owned homes along Miami Beach’s glitzy North Bay Road and sold them. In 2011, Alex built a 20,000 square foot waterfront estate for then-girlfriend, Cameron Diaz. He later sold it for $30 million, turning a $15 million profit. Jennifer’s property just up the block at 5800 North Bay Road sold to Phil Collins last year for $33 million.

Aside from the homes, the pair is also a fan of condos. In 2009, Jennifer and her ex-husband purchased 10 units at IconBrickell for investment purposes and A-Rod is currently in contract to buy the 3200 square foot penthouse at GranParaiso in Edgewater.

In South Miami, the Yankees slugger turned real estate investor is building another home, which is slated for completion next year. Whether they decide to buy already or not, their portfolios are poised for success in the real estate world.

$200k Price Chop For Andy Murray’s Brickell Apartment

Four months ago, Andy Murray relisted his 45th floor 4 bedroom apartment at Jade Residences at Brickell Bay, and we were optimistic at his chances of coming out on top with a workable deal. Well, that didn’t happen. As of today, he has slashed his price by nearly $200,000 in order to reduce it below $2.5 million.

To be honest, the listing photos really don’t do this lovely apartment justice. Jade Residences at Brickell Bay is a great building and is increasingly popular despite the inventory struggles of our current market. The apartment is a 3,415 square foot 4 bedroom, which is insanely large for the Brickell area. It is also on the northeast corner of the building, offering amazing views of Brickell Key, the Port of Miami, Brickell, Miami Beach and of course the Biscayne Bay. Unit 4201 has the same layout and recently sold for $2.7 million. We recently sold apartment 904, which is a smaller plan, but the buyer was able to take out a conventional mortgage on the property… something that is not particularly common in the Brickell real estate market and speaks very highly of how the building is being run.

As for the active and available alternatives to this listing, we have had apartment 4107 on the market for just over a week and have already had several prospective buyers. Apartment 4107 is a three bedroom with bay and city views. You can compare the layouts and photos here.

Do you think Andy will have success this go-round?

Billy Joel’s Miami Beach Mansion on the Market for $14.75M

According to several sources, Billy Joel listed for sale his Miami Beach mansion this past Monday for $14.75M.  The 8,881 square foot home offers 7 bedrooms, 8.5 baths, a luxurious bar with wine cellar, gourmet chef kitchen, a formal living and dining room, outdoor summer kitchen and expansive views of Biscayne Bay with over 150 feet of waterfront.  The Mediterranean-style estate resides on La Gorce Island, an exclusive neighborhood that has seen its fair share of celebrity-residents such as Shakira and Lil Wayne.

Joel purchased the property in 2006 for $13.5M, according to public record.  Below are the photos of his former palatial pad.