Venetian Islands Real Estate: November 2015 Market Report

Each week Miami Beach Realtors host a progressive open house of listings in the area This weeks focus was the Venetian Islands with an impressive 23 properties on the tour This is a great time for the Venetian Islands as the roads and infrastructure are in the last months of a $124 million restoration project The Venetian Causeway is expected to reopen by the Spring of 2016 offering residents new roads as well as utilities The construction project has not slowed the bustling real estate market in the neighborhood Here are some highlights of the market as we draw an end to 2015

There are currently 47 actively marketed homes for sale on the Venetian Islands in Miami and Miami Beach comprised of Venetian Drive San Marco Island San Marino Island Di Lido Island and Rivo Alto Island

Highest Price Listing 610 W Dilido Island
$15500000 for 5 bedrooms 6 baths in a 5210 square foot home on a waterfront lot

Lowest Price Listing 211 S Rivo Alto Drive
$1595000 for 4 bedrooms 3 baths in a 2194 square foot home on an interior lot

Contracts Signed
There are 4 properties that are currently under contract ranging in price from $5900000 down to $929000

Recent Closings
Over the last 3 months we have seen 9 properties trade hands for $12500000 down to $1525000  Waterfront properties averaged $1450square foot in price vs $811square foot for interior lots

Featured Property 300 W Rivo Alto Drive
Of the actively marketed properties in the neighborhood we made special note of the home at 300 W Rivo Alto Drive offered at $12750000

This Venetian Island home was built in 1938 on a waterfront lot but recently remodeled beautifully It offers 5 bedrooms 5 12 baths and 90 feet of bayfront views with an infinity lounge pool and boat dock There is an outdoor living room with summer kitchen garden and even a koi pond with waterfall The interior design is tasteful yet dramatic with zebrawood walls calcutta gold marble top of the line appliances and Crestron security system

Here are some additional photos of 300 W Rivo Alto Drive

And if that waterfront house doesnt tickle your fancy be sure to visit our real estate listings page for luxury houses for sale in Miami and Miami Beach