Miami Dade Real Estate Scoop

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Old Cutler Road Construction Will Cause Delays

cutler road delay constructionPalmetto Bay and Cutler Bay residents who use Old Cutler Road please note that it will be shut down at the end of July for construction.  The South Florida Water Management District will be installing a flow-way tunnel beneath Old Cutler Road and this will impact the stretch between SW 156th Street and SW 162nd Street.

The road will be open to local traffic only.  If you don’t live in the area, make plans for a different route during construction.  SFWMD has stated that the project will take two weeks only and it is slated to begin no earlier than July 26th.  Utility services and the popular bike path on Old Cutler may be impacted as well so plan accordingly.  Click here for more information.

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Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Foreclosures - Great Deals Available

Have you been looking at foreclosures in Palmetto Bay? Here's the latest home listings in the foreclosure sector.

Palmetto Bay foreclosures are a great way to get a good deal on a home in the area. Of course, inspections are in order, as in any home purchase. Just because you're buying AS IS, as most foreclosures are sold, doesn't mean you can't perform an inspection.

As of today there are 228 single family homes for sale in Palmetto Bay. Of those, 21 are foreclosures. Of those 21, I am providing a link to the 16 that I feel represent the best value. Click on the picture below for more details.

Palmetto Bay Foreclosures

This is a live link, which means that as soon as information is updated on the multiple listing service, you will see the updates here also. That includes the addition of pictures if there are none now.

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Maggie Dokic is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines and the Redland.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of EWM Realtors.

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Follow Broker Maggie on Twitter

Search Miami Homes Free Miami Home Values Contact Broker Maggie

Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Market Report & Absorption Rate

Are you looking for a home in Palmetto Bay?  Here's a snapshot of what the market is doing lately.

The Absorption Rate is something we real estate agents use to determine how active the market is.  We look at the homes sold in the last 12 months and figure out the average per month.  Then we look at how many homes are available right now and divide that by the average # of homes sold per month.  The resulting number is known as the Absorption Rate and it tells us how many months it would take to sell all the available homes if sales continued at the present pace. 

A normal market has an Absorption Rate of about 6 - 10.  A smaller number signals a seller's market and a higher number signals a buyer's market.  Palmetto Bay is definitely a buyer's market right now.  But it is interesting to note that the number has come down in the last 2 years, which is good.  Sales have been picking up in all of Miami-Dade county.

Palmetto Bay Market Report

It is interesting to note the different absorption rates for each price range.  I like to provide data for the different price ranges as it's important to see what's happening in the different price points. 

If you look at the luxury homes in Palmetto Bay, there are 23 homes that are priced at a million or more, but in the last year there have been no sales of homes at over a million.  So it's impossible to figure out the absorption rate for these higher end homes.  Does it mean you can't sell your million dollar home?  No, not at all.  It just means it will be harder as there don't appear to be any buyers out there in this price range.

If you need real estate information for Palmetto Bay or the neighboring communities, feel free to contact me.

Follow Broker Maggie on Twitter

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Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Pool Home For Sale Beautifully Upgraded 8240 SW 162 Street, Palmetto Bay, FL

Beautifully upgraded pool home!

8240 SW 162 St, Palmetto Bay, FL 33157 View Map

Beautifully upgraded pool home in much desired Palmetto Bay. A circular driveway and attached garage provide ample parking space. Once inside the open floorplan overlooking the sparkling pool captures your attention. French doors with Side Lites lead out to the pool area. The kitchen has a granite island, beautiful cabinets and stainless steel appliances. The home is fully tiled with 18 x 18 tiles in neutral colors. Touches such as recessed lights, crown molding, textured knockdown walls and dimmer switches can be found throughout. The entire home has beautiful wood Venetian blinds. The master bedroom suite has an ample dressing area flanked by closets on either side in addition to the large bedroom. The master bath has had no expense spared. Beautiful Italian tiles, large soaking Roman tub, separate, luxurious shower and double sinks all add to the sumptuous bath experience. The outside pool area is screened for proper enjoyment of the South Florida lifestyle. The unique pool has one-of-a-kind mosaic tiles in regal blues lining the full bottom. No harsh pool bottom to scrape delicate feet on! Kool Deck and Deco Drain in the pool area make for a comfortable experience and easy-care pool maintenance. This lot is huge! Outside the screened enclosure there is still lots of space for relaxing, or playing ball or bocci. Mature trees shade the side while the back gets plenty of sunlight. This one’s move-in ready! Excellent neighborhood and Palmetto Bay schools. Call today and schedule your private viewing.

Details

Asking Price:
$460,000
MLS:
M1226528
Sq. Feet:
2,058
Lot Size:
0.39 Acres
Bedrooms:
3
Bathrooms:
2
# of Floors:
1
HOA/Maintenance Fees:
N/A
Subdivision:
SOUTHWOOD
Year Built:
1960

Contact Info

Maggie Dokic
Broker Associate



Main 305-666-8686
Dir 305-960-2455
Email | Website


Follow Broker Maggie on Twitter

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Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay 33158 Market Report November 2007

To provide hyper local market data, I am presenting this market report for the Village of Palmetto Bay, zip code 33158 specifically.

The trend here looks a lot better than the county's for the same period. 

Yes, the For Sale far outnumber the Sold, but that all important Months Of Inventory number is a lot healthier here than in the county numbers. 

33158 market report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

And in stark comparison to the county numbers, look at the Months Of Inventory in Palmetto Bay zip code 33158:

33158 months of inventory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Months Of Inventory for November is 20.7, or almost a third of the county's 57.3 for the same period.  This represents a much more balanced market in Palmetto Bay than the county as a whole.  And while 20 months' worth of inventory is far from the desired 6-10 months of a balanced market, it is decidedly better than 57.3, or the 148 months in Homestead's 33032!

If you're looking for real estate statistics for other areas, even certain subdivisions, I have the capacity to provide them, and even better, to interpret them.  Feel free to get in touch with me for additional market analyses.

 

© December 2007 Maggie Dokic, Broker-Associate

Follow Broker Maggie on Twitter

Search Miami Homes Free Miami Home Values Contact Broker Maggie

Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Dog Park Finally Opened!

After two years of waiting, the doggie park in Palmetto Bay finally opened on Saturday, Nov. 17th.

We stopped by in the afternoon and there were quite a few people there with their four-legged friends.

It was nice to see that the pooches could run around freely. There's a lake in the center of the park where they can swim if they want to. There's also penned areas for small dogs and large dogs to play in, respectively.  This is real nice for the smaller dogs who may not be too keen about having monster big dogs chasing them around the park.  LOL

There's plenty of places to sit if you get tired of playing frisbee with Fido. And if Fido gets thirsty, he has a water fountain where he can quench his thirst!

Palmetto Bay residents were happy to see this park finally open. The park is on 164 Street and US 1. The only way to get in on US 1 is Northbound so you may need to make a U-ie if you're heading South. Just do it carefully. This is US1 after all.  Or hang a left on 160th before the park and get in the back way.

Palmetto Bay Dog Park

taking a drink at Palmetto Bay Dog Park

Palmetto Bay Dog Park

Follow Broker Maggie on Twitter

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Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Homes For Sale Clarification

Sticking My Two Cents InI read this nbc6.net article the other day and can go along with most of what’s being said. I have to take issue with one small item there though. Zip code 33157 is touted as being Palmetto Bay and while a part of Palmetto Bay is certainly in zip code 33157, 33157 also encompasses parts of Cutler Bay as well as Miami.

This minor detail will make a difference in the way Palmetto Bay listings are viewed. The article states that there are 758 listings in 33157 which is Palmetto Bay. While there are 758 listings in 33157, only 197 of those are in Palmetto Bay. The rest are in Cutler Bay and Miami. As a matter of fact, the entire Village of Palmetto Bay has only 254 single family homes listed for sale at this very moment, which is considerably less than the 758 attributed in the article.

I’m not denying the overall point of the article. It is a great time to pick up a great home at a great price. And using a knowledgeable REALTOR® to guide you makes sense. Oh, and we are paid by the seller usually, so it doesn’t cost you anything. Now doesn’t that sound sweet?

Follow Broker Maggie on Twitter

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Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Rental - 13745 SW 83 Avenue

Maggie Dokic | EWM Realtors | 305-960-2455
13745 SW 83 Avenue, Palmetto Bay, FL
Inviting Pool Home In Palmetto Bay!
3 Bdrm Single Family House
$2,500/month
Bedrooms 3
Bathrooms 2 full, 0 partial
Sq Footage 2,387
Parking 2 dedicated
Pet Policy No pets
Deposit $2,500

DESCRIPTION

Beautiful and inviting Pool home in Palmetto Bay. Well maintained with excellent distribution of space. 2 car garage, tiled floors, lots of closet space. Huge yard with lush landscaping and perfect pool setting.

see additional photos below
RENTAL FEATURES

Air conditioning Central heat Tile floor
Family room Living room Office/Den
Dishwasher Refrigerator Stove/Oven
Microwave Washer Dryer
Laundry area - inside Yard Swimming pool

LEASE TERMS

1 year. 1st month, last month, 1 month security

ADDITIONAL PHOTOS

Renter contact info:
Maggie Dokic
EWM Realtors
305-960-2455

powered by postlets Equal Opportunity Housing
Posted: Nov 17, 2007, 11:35pm PST

Follow Broker Maggie on Twitter

Search Miami Homes Free Miami Home Values Contact Broker Maggie

Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Rental - 16805 SW 81 Court

Maggie Dokic | EWM Realtors | 305-960-2455
16805 SW 81 Court, Palmetto Bay, FL
Huge Palmetto Bay Pool Home - 5 Beds/ 3 Baths!
5 Bdrm Single Family House
$2,850/month
Bedrooms 5
Bathrooms 3 full, 0 partial
Sq Footage 3,050
Parking 2 dedicated
Pet Policy Cats, Small dogs (< 25lbs)
Deposit $2,850

DESCRIPTION

Enjoy your own private resort in lush surroundings. Walled & fenced pool & patio in a Tropical setting plus decked & covered Jacuzzi Spa. Huge Kitchen & Large Family Room with wet bar!!! PERFECT HOME FOR ENTERTAINING!!!The garage has been converted into a Recreation Room with full Bath! LANDLORD WILL PAY FOR POOL & LAWN MAINTENANCE!

see additional photos below
RENTAL FEATURES

Air conditioning Central heat Tile floor
Family room Living room Dining room
Dishwasher Refrigerator Stove/Oven
Washer Dryer Laundry area - inside
Balcony, Deck, or Patio Yard Swimming pool
Jacuzzi/Whirlpool

LEASE TERMS

1 year. 1st month, last month, 1 month security.

ADDITIONAL PHOTOS

Renter contact info:
Maggie Dokic
EWM Realtors
305-960-2455

powered by postlets Equal Opportunity Housing
Posted: Nov 17, 2007, 11:18pm PST

Follow Broker Maggie on Twitter

Search Miami Homes Free Miami Home Values Contact Broker Maggie

Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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Palmetto Bay Rental - 7645 SW 180 Terrace

Maggie Dokic | EWM Realtors | 305-960-2455
7645 SW 180 Terrace, Palmetto Bay, FL
Palmetto Bay Country Charmer on Builder's Half Acre!
3 Bdrm Single Family House
$2,600/month
Bedrooms 3
Bathrooms 2 full, 0 partial
Sq Footage 1,956
Parking 1 dedicated
Pet Policy No pets
Deposit $0

DESCRIPTION

Great family home in Palmetto Bay just off Old Cutler Road. 3 bedrooms, 2 bathrooms, Living room with working fireplace, large Florida Room, Sauna, 1 car garage with large work shop. Huge lot is over half a builder's acre!

see additional photos below
RENTAL FEATURES

Air conditioning Central heat Fireplace
Dishwasher Refrigerator Stove/Oven
Washer Dryer Laundry area - inside
Yard Sauna

LEASE TERMS

1 year, 1st month & last month only!

ADDITIONAL PHOTOS

Renter contact info:
Maggie Dokic
EWM Realtors
305-960-2455

powered by postlets Equal Opportunity Housing
Posted: Nov 17, 2007, 10:59pm PST

Follow Broker Maggie on Twitter

Search Miami Homes Free Miami Home Values Contact Broker Maggie

Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market.  SFR is a Short Sale, Foreclosure Resource Specialist.  Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.

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