Miami Metro Residences

Recent Home Sales in Morningside, Miami

There were 5 home sales in Morningside in the past 6 months.  This family neighborhood sits on Biscayne Bay and along the Biscayne Corridor running along northeast Miami, Florida.

To sum up the sales: (for pictures of each listing, see below)

521 NE 55 St: (Short Sale) List Price $350,000, SELLING PRICE $350,000. Closed on 2/27/09

661 NE 52 Te: (Bank Owned) List Price $367,589. SELLING PRICE $350,000. Closed on 4/1/09.

494 50 Te: List price $379,000. SELLING PRICE $300,000. Closed on 5/14/09.

611 NE 51 St: List Price $495,000. SELLING PRICE $425,000.  Closed on 3/13/09.

698 NE 60 St:  List Price $550,000.  SELLING PRICE $505,000.  Closed on 3/10

To see pictures and more detailed information of the above closed sales, CLICK HERE

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On a side note, there are 5 pending sales in this community. CLICK HERE TO SEE THEIR PROPERTY DETAILS

There are currently 24 actively listed properties in Morningside on the MLS. CLICK HERE TO SEE THEIR PROPERTY DETAILS

If you are interested in Morningside, or any of the surrounding neighborhoods on the Biscayne Corridor, please don’t hesitate to contact me.   305-764-8959; mmattsson@yahoo.com

1215 NE 95th STREET, MIAMI SHORES, FLORIDA 33138

$700,000

Reduced from $1,050,000, and in one of Miami’s best neighborhoods, this charming house east of Biscayne Boulevard is half a block from the Miami Shores Bay Front Park right on the Biscayne Bay.  Great place to sit and watch the boats go by.  The street is composed of upscale homes that show off their residents’ pride of ownership.  The house does need a little touching up, but it has loads of character and so much potential.  The living room makes a great first impression with its wood floor, wood beamed ceiling and wood built-ins.  The kitchen has a dutch door that opens to the patio area and the cooking area has a charming brick arch that resembles an old italian pizza oven.  Very Charming!

3249 sqft living area, 13,100 sqft lot, 15×30 heated pool, dual ovens,  guest house,  security system, 2 car garage, more…

If you have any questions about this house or would like to schedule a showing, please contact me at 305-764-8959 or mmattsson@yahoo.com

Available at Blue Condos, 601 NE 36th Street, Miami, Florida, 33137

Presently there are 45 condos AVAILABLE for sale in Blue. They range from one bedroom to two bedroom units.

• High List Price: $975,000  ( $678 sq/ft)
• Low List Price: $190,000 ($207 sq/ft)
• AVERAGE  LIST PRICE:  $436,000  ($346  SQ/FT)   of current available units.
  

FOR THE PAST YEAR, from February 2008 to February 2009, there were 13 CLOSED sales at Blue.  The stats for those are:

• High List Price: $695,000. ($362 sq/ft )
• High Selling Price: $539,000 ($300/sqft)
• Low List Price: $229,000 ($225 sq/ft )
• Low Selling Price: $160,000 ($210 sq/ft)
• AVERAGE LIST PRICE: $338,969 ($280 sq/ft)
• AVERAGE SELLING PRICE: $311,692 ($257 sq/ft) closed sales last year.

• Average Listing to Selling Price ratio is 92.74% of the closed sales for the past year.

That being said, only time will tell what the trend will be for this year.  But as people wise up and reduce their prices to reflect the mentality of the buyers, “deal or…NO DEAL!”, the value priced units will move and the one’s hoping for generous buyers might be hanging around for a while.

If you have any interest in Blue Condos, or simply have any questions, please contact me at 305-764-8959 or mmattsson@yahoo.com

Closed Sales for 2008 in Morningside, Miami

For 2008, there were 10 closed sales in Morningside. None of them was waterfront property.  While 2007 had 16 closed sales for this Biscayne Bay Community, none of them was waterfront either.   

Here are the Closed Sales for 2008:

555 NE 57 Street (4bed,4bath) 3126 sqft, pool. List Price $1,099,000. SALE PRICE: $1,025,000

644 NE 57 Street (3 bed, 3 bath) 2,603 sqft, pool. List Price $799,000. SALE PRICE; $750,000

478 NE 56 Street (4 bed, 3 bath, 1 half) 2,342 sqft, pool. List Price $799,000. SALE PRICE: $742,500

5990 NE 6 Ct (3 bed, 2 bath) 1,952 sqft, no pool. List Price $629,000. SALE PRICE: $570,000

645 NE 52 Street (3 bed, 2 bath, 1 half) 2284 sqft, no pool. List Price $599,000. SALE PRICE: $550,000

461 NE 53 Street (3 bed, 2 bath) 1,996 sq ft, pool. List Price $580,000. SALE PRICE: $550,000

5925 NE 6 Av (5 bed, 3 bath, 1 half) 2,543 sqft,no pool. List Price $556,900. SALE PRICE: $395,000

430 NE 53 St (3 bed, 3 bath) 2,530 sqft,no pool. List Price $549,000. SALE PRICE: $515,000

661 NE 53 St (4 bed, 4 bath) 2,592 sqft, no pool. List Price $514,900. SALE PRICE: $568,108  (notice sale price is higher than list price)

690 NE 51 St (3 bed, 2 bath, 1 half) 2,337 sqft, no pool. List Price $439,900. SALE PRICE: $400,000

According to the MLS Market Analysis Report:  

The AVERAGE list price/sqft was $270, while the AVERAGE selling price/sqft was $249.  That’s a ratio of 92.33% selling to list price.  The average days on market was 121.

As compared to 2007, the AVERAGE listprice/sqft was $335, with the AVERAGE selling price/sqft  $313.  That’s a ratio of 94.04% selling to list price.  The AVERAGE days on market was 127.81

Closed Sales for 2008 in Bay Point, Miami

Here are the closed sales for Bay Point, Miami, for the year 2008.  This waterfront and gated community had more closings than in 2007.  There were 8 altogether in 2008, as opposed to 6 for 2007, according to the MLS system of reporting.  Here they are:

4220 Palm Ln, (5 bed, 5 bath) 3,700 sqft, not waterfront, pool, listed price $1,890,000. SOLD PRICE: $1,700,000

670 Lake Rd, (3 bed, 4 bath) 3399 sqft, waterfront, no pool, listed price $1,599,000. SOLD PRICE: $1,300,000

530 Melaleuca Ln, (3 bed, 2 bath, 1 halfbath) 2446 sqft, not waterfront, no pool, listed price $1,295,000. SOLD PRICE: $1,100,000

4756 Bay Point Rd, (3 bed, 2 bath, 1 halfbath) 2909 sqft, not waterfront, pool, listed price $1,225,000. SOLD PRICE: $996,000

730 Buttonwood Ln, (4 bed, 4 bath) 4548 sqft, not waterfront, pool, listed price $1,175,000. SOLD PRICE: $1,175,000

625 Melaleuca Ln, (5 bed, 4 bath) 3936 sqft, not waterfront, pool, listed price $939,000. SOLD PRICE: 875,000 (FORECLOSURE)

The average listing price per square foot (LP/sqft) was $530, while the average selling price per square foot (SP/sqft) was $452.  That was a ratio of 87.25% selling to listing price. The average days on market (DOM) was 92.5.

For Year 2007, the  average LP/sqft was $644, with the SP/sqft was $589. Average days on market was 50.83.

Bay Point on Biscayne Bay

This exclusive gated community is waterfront paradise for the privacy seeker.  Located right on Biscayne Bay, it’s an excellent location to be close to Downtown Miami, Miami Beach and the Design Center.  Boat lovers would find this their secret treasure.  It’s a great place to have a large boat because of it’s direct ocean access.

The gated entrance is manned 24 hours a day which really enhances and enforces the privacy aspect of living in Bay Point.  The houses range in price from around $900,000 and up.  Most are in the millions.  You’ ve got some real beauties.

If you see anything you like, or would like to know more about the community, please contact me at mmattsson@yahoo.com or call me directly at 305-764-8959.