Key Biscayne in-depth market and value proposition knowledge, world class marketing technology, global network and strong interpersonal skills are key pillars to look for. These allows a top realtor to understand client needs:, deliver best financial terms, make effective use of client time, deliver peace of mind and lifestyle fit; all while ensuring confidentiality & building trust.
Adriana Montbrun’s recent deals speak for themselves. She addresses client needs through deep Key Biscayne local market knowledge, unparallelled data analytic tools, strong listening skills, a broad international network and client service second to none.
Condos had a positive year, but not quite as hot as Single Family Homes. After a slow Covid-driven Q2 and a hesitant Q3 recovery, 2020 ended as a positive year for the Key Biscayne condo market. Key Biscayne condo sales kept pace during Q1 and once Covid hit, Q2 cratered with a 68% unit sale decrease vis-à-vis Q2 2019. Thankfully, things picked-up quickly in July, leading to 212 condo unit sales in 2020
Key Biscayne condo market is a strong sellers market. Inventory is down 40%, in less than three months with 150 units available, compared to 251 by the end of 2021
Baccarat Residences Miami is the newest skyscraper coming to Miami. As reported by the Miami Herald and other news outlets, groundbreaking on the first of three towers will commence early 2022. The first tower, to be developed by South Florida condo leaders Related and Arquitectonica, is set to rise 75 stories, accommodating over 300 condos and 40 riverfront villas. Prices are expected to be on the $800 per square foot range and occupancy is expected in 2025.
Waldorf Astoria Hotel and Residences Miami Sales to start in March 2021. This 100-story tower will become Miami’s tallest tower and is located across from Bayside Marketplace.
Brickell and Downtown relocation buyers in 2021 are looking for 3-bedroom units to accommodate small families in need of in-home remote offices and accommodation for the occasional visitor. This is a different profile to what we’ve traditionally seen in Brickell where most buyers and developers have focused primarily on one- or two-bedroom units. A trend that had been strengthened as properties get more expensive and developers have to focus on smaller floor plans to offer units to buyers at attractive price points.
Key Biscayne is at the moment (Q2 2020) a buyers market, which means it favors buyers, by providing more options to choose from within each condominium and the opportunity to get the best lines and views. In terms of discounts over list price, we are seeing a median of 7%-8% in recent sales for properties <$1M.
Exclusive Key Biscayne attracts families from all over the world looking to raise their kids in a safe community offering top-rated schools within walking distance, favoring a community, family-oriented lifestyle. Key Biscayne Schools include 2 middle schools, 3 Elementary and 9 pre-schools, both public and private; as well as access to an award winning high-school: MAST Academy. Of course, Key Biscayne Schools include private options and many families in the key take advantage of elite private schools such as Gulliver, Ransom Everglades, Carrollton, among others within 30 mins commute.