"South Florida’s real estate market continues to flourish, thanks to the unwavering confidence of international investors. 𝙈𝙄𝘼𝙈𝙄, 𝙄𝙉 𝙋𝘼𝙍𝙏𝙄𝘾𝙐𝙇𝘼𝙍, 𝙃𝘼𝙎 𝘽𝙀𝘾𝙊𝙈𝙀 𝘼 𝙁𝘼𝙑𝙊𝙍𝙀𝘿 𝘿𝙀𝙎𝙏𝙄𝙉𝘼𝙏𝙄𝙊𝙉 𝙁𝙊𝙍 𝙂𝙇𝙊𝘽𝘼𝙇 𝘾𝘼𝙋𝙄𝙏𝘼𝙇, attracting prominent figures who remain bullish on the city’s potential." http://www.globest.com/2023/05/26/miamis-thriving-real-estate-market-attracts-international-rainmakers-despite-challenging-conditions/

"Florida has long been ranked as one of the best places to start a small business, and South Florida in particular is known for its entrepreneurial spirit...Florida ranked No. 1 thanks to its 5.5% corporate tax rate, which allows more money to flow back into businesses, and the third-highest small-business loan amount secured per employee, at $4,913. The Sunshine State also had the most jobs created by startups per 1,000 residents living in the state." (Article link below.) http://www.bizjournals.com/southflorida/news/2023/05/25/small-businesses-flourish-in-south-florida.html

MASTER BROKER LISTING: Master Brokers Forum member Tika Van Den Hurk presents this fully furnished two bed/two bath corner residence at Las Olas Beach Club, with stunning ocean, Intracoastal, and city views from both terraces. Experience luxury living with split bedrooms, built-in closets, and electric blinds. The new open kitchen boasts high-end Wolf/Sub-Zero appliances, natural stone countertops, and Shaker cabinets. Other features include porcelain tile floors, master bathtub, shower, dual vanities, and amenities include an amazing sun-soaked pool and hot tub, a full gym, sauna, coffee bar, and dog walk. With six-month minimum rental in the first year, don't miss out on this incredible kitchen and stylish home.

101 S Fort Lauderdale Beach Blvd, #1006 is currently listed for $1,695,000 with Tika Van Den Hurk of Douglas Elliman, who can be reached at 305.778.6570 and/or tika.vandenhurk@elliman.com. http://www.masterbrokersforum.com/Fort-Lauderdale-mls-listing/F10373952.htm

"...a steady stream of new residents is continuing to prop up home prices in 11 metro areas, including Miami…many economists say the Florida housing market has held up remarkably well, particularly compared with other pandemic hot spots… although Florida bore the brunt of the 2008 housing crash, THE STATE APPEARS TO BE INSULATED THIS TIME AROUND." (Article link below.) http://www.washingtonpost.com/business/2023/05/23/florida-home-prices-miami-tampa/

THANK YOU to our friends at Salato Residences for hosting last week's Gold Coast Master Brokers Forum board meeting, and enlightening us on this beautiful project!

"Miami’s price-to-rent ratio puts it at No. 6 among the 50 most-populous cities...the ratio compares the cost of buying a home to the cost of renting. Miami’s average monthly rent payment is $2,767, while the average monthly mortgage payment — with a 6.8% mortgage rate — is $2,913." http://southfloridaagentmagazine.com/2023/05/19/miami-ranked-a-top-six-city-in-the-nation-to-buy-vs-rent/?utm_source=emailoctopus&utm_medium=email&utm_campaign=5.22%20SF%20-%20AU

𝙂𝘼𝙈𝙀𝘾𝙃𝘼𝙉𝙂𝙀𝙍?

"For a family of two adults and two children, pricing on Brightline’s website is showing at $197.50 one way, which works out to be just over $49 per person." http://www.thenextmiami.com/brightline-begins-selling-tickets-to-orlando-with-16-daily-trains-kids-tickets-at-39/

A huge "THANK YOU" to Tere Shelton Bernace for hosting yesterday's Miami Master Brokers Forum board meeting in her beautiful home!

MASTER BROKER LISTING: Master Brokers Forum member Elena Bluntzer presents this coveted large four bedroom ground floor unit in Palazzo Del Mare! Boasting ultra-luxurious contemporary finishes and decor in serene neutral colors. Soaring ceilings, master suite with cozy library/den and separate his/hers master bathroom and private terrace. Ample bedrooms with en-suite bath, serene grey limestone floors. Natural stone throughout, chandeliers and fixtures by Waterworks. Includes three garage parking spaces, A/C storage and one golf cart. Expansive 4000+/- square foot terrace with summer kitchen perfect for entertaining. Breathtaking SOBE views.7111 Fisher Island Dr, #7111 is currently listed for $12,500,000 by Elena Bluntzer of ONE Sotheby's, who can be reached at 305-992-7987 and/or elena@bluntzergroup.com. http://www.masterbrokersforum.com/Miami-Beach-mls-listing/A11366324.htm

"Miami took the second spot with prices JUMPING 11% annually, the only other city in the report (besides Dubai) to reach DOUBLE-DIGIT GROWTH." http://www.mansionglobal.com/articles/globally-luxury-home-prices-declined-for-the-first-time-since-the-financial-crisis-4d213798?mod=top_markets_miami

What is the "real" value of ONE BILLION DOLLARS in a market moving at warp speed? We examine in this edition of "South Florida By the Numbers"; a Master Brokers Forum partnership with The Real Deal. http://therealdeal.com/miami/2023/05/10/south-florida-by-the-numbers-billion-with-a-b/https://therealdeal.com/miami/2023/05/10/south-florida-by-the-numbers-billion-with-a-b/https://therealdeal.com/miami/2023/05/10/south-florida-by-the-numbers-billion-with-a-b/

This Master Brokers Forum member represented the seller in this $13 million Coconut Grove sale (a recent "Master Broker Listing" - article link below.) Congratulations! http://therealdeal.com/miami/2023/05/09/sirkin-building-founder-sells-waterfront-coconut-grove-home-for-13m/

MASTER BROKER LISTING: Master Brokers Forum member Ivory Cooks presents this spectacular residence featuring three bedrooms, two baths plus a two-story guest cottage, located in one of the most sought-after neighborhoods in North Coconut Grove. It is a classic but renovated home and exudes plenty of charm and character. The main level contains a living room, great room and two spacious bedrooms. The primary bedroom is on the second level. Other highlights include Viking and Sub-Zero appliances, impact windows and a gorgeous fireplace. A large Chicago bricked courtyard with lush landscaping and towering bamboo trees sets the ambiance for a relaxing environment. The home is complete with a Tesla wired charger. The Fairhaven neighborhood is protected by security patrol.

1826 Fairhaven Place is currently listed for $2,675,000.00 by Ivory Cooks of Coldwell Banker Realty, who can be reached at 305.965.9606 and/or ivorycooksCB@gmail.com. (Listing link below.)

http://www.cbhometour.com/1826-Fairhaven-Place-Miami-FL-33133/index.html

In this $18M Master Brokers Forum "member to member" deal, Miltiadis co-represented the seller (Miami developer David Martin) and Liz represented the buyers. (Article link below.) Congratulations! http://therealdeal.com/miami/2023/05/05/terras-david-martin-sells-grove-at-grand-bay-penthouse-for-18m/

"GREATER MIAMI was the number-one city for inbound moves between 2019 and 2022." http://sfbwmag.com/migration-to-florida-continues-unabated/?mc_cid=f76749b808&mc_eid=44b4519bae

This Master Brokers Forum member (and past "Legacy Award" honoree) represented the seller in last week's most expensive Miami condominium sale; a $5 million residence in the Grove at Grand Bay. (Article link below.) Congratulations! http://therealdeal.com/miami/2023/05/03/grove-at-grand-bay-closing-leads-miami-dade-weekly-condo-sales/

"The Sunshine State has long attracted international homebuyers as well as companies seeking new locations with strong growth potential and global access. With our beautiful beaches and waterways, business-friendly environment that includes no state individual income tax, strong jobs outlook and skilled labor force, Florida continues to attract new residents and new business, especially with the continuing interest of untethered workers who can increasingly do their jobs from any location." http://southfloridaagentmagazine.com/2023/05/01/no-one-knows-the-sunshine-state-better-than-a-florida-realtor/

"The who’s who of the sport, entertainment, and business worlds will descend upon South Florida for star-studded fêtes ahead of the May 7 race at the Miami International Autodrome." http://pagesix.com/article/f1-miami-grand-prix-2023-all-the-parties-and-events/

Check out this extraordinary new Miami Beach listing from Master Brokers Forum members Liz Hogan and Nancy Batchelor! http://nypost.com/2023/04/27/inside-a-multi-colored-miami-beach-mansion-listed-for-8-5m/

MASTER BROKER LISTING: Master Brokers Forum member Richard Feldman presents this waterfront opportunity rarely seen in a prime location. This one-of-a-kind property located in the double gated community of Belle Meade Island is a few homes from the open bay with quick ocean access! Gorgeous four bedroom, four bath ultra-modern home featuring a three-car garage, state-of-the-art movie theater with kitchen and full bath, two master suites, heated pool, and hot tub. Fully integrated smart home with a full security system. Natural light floods entire home throughout. This property offers a large open kitchen (great for any chef), full house generator, impact windows and doors, dock with boat lift, and more. Home can be easily converted into six bedrooms, if needed. Sitting on 12,300 square feet with lush landscaping and 75 feet of water frontage - great for any boater!

1035 Belle Meade Island Drive is currently listed for $5,895,000 by Richard Feldman of Miami Waterfront Realty, LLC., who can be reached at (305) 970-2884 and/or richardtoddfeldman@gmail.com. (Listing link below.)

https://www.miamiwaterfrontrealty.com/mls/A11361603

"According to a recent analysis of 18 major cities along the East Coast...MIAMI tallied the most with a whopping 85 million tags on the social media platform." http://www.timeout.com/miami/news/miami-is-the-most-instagrammable-city-on-the-east-coast-according-to-this-new-study-042023

"Tri-Rail to Homestead and Doral? That’s one possibility as Miami-Dade County revives the pursuit of running commuter trains, like the ones Tri-Rail operates, along tracks currently used for freight trains by the Jacksonville company CSX." http://www.miamiherald.com/news/local/community/miami-dade/article274548301.html

“Miami’s growth has indeed been quite striking in our data: detected breakout companies are up by 89% in 2021/2022 as compared to 2016/2017,” Stripe said in a letter. http://www.thenextmiami.com/stripe-names-miami-fastest-growing-startup-hub-in-us/

The Florida Realtors Disaster Relief Fund is now accepting applications from members of the 𝙎𝙊𝙐𝙏𝙃 𝙁𝙇𝙊𝙍𝙄𝘿𝘼 𝙍𝙀𝘼𝙇𝙏𝙊𝙍 𝙁𝘼𝙈𝙄𝙇𝙔 𝙒𝙃𝙊 𝙎𝙐𝙎𝙏𝘼𝙄𝙉𝙀𝘿 𝘿𝘼𝙈𝘼𝙂𝙀𝙎 𝙁𝙍𝙊𝙈 𝙇𝘼𝙎𝙏 𝙒𝙀𝙀𝙆’𝙎 𝙁𝙇𝙊𝙊𝘿𝙄𝙉𝙂.

Follow the link below for individual and business assistance. http://www.floridarealtors.org/about/charities/disaster-relief-fund

MASTER BROKER LISTING: Master Brokers Forum member Marisa DiLenge presents this magnificent Lauderdale-By-The-Sea residence located “on the sand”, offering the best in luxurious comfort, style and ambiance. Remodeled wall-to-wall in 2021, and fully furnished! From the instant you walk through the door, you see spectacular views of the ocean, palm trees and beach. Over 3,350 square feet of ultra-luxurious and decorator elegant furnishings, artwork and accessories make this your move-in ready dream home. Designer touches continue with a large open kitchen, expansive living areas, wood flooring, high-end appliances, quartz countertops and modern lighting. Three spacious bedrooms with ensuite baths, all with walk-in custom closets. Classic building with all the amenities, including private beach access, 24/7 concierge and security, pet friendly, and two assigned parking spots. Investors can rent immediately.

1800 South Ocean Blvd, Unit 1009 in Lauderdale-By-The-Sea is presented for $1,625,000 by Marisa DiLenge , who can be reached at 954-258-5885 and/or marisasells@usa.net.
http://www.masterbrokersforum.com/Lauderdale-By-The-Sea-mls-listing/F10361208.htm

"The study examined the 150 largest U.S. cities and scored them on Gen Z friendliness, tech friendliness, internet connectivity and affordability. MIAMI was cited for its percentage of Gen Z residents, 22.7%, average tech salary of $105,790 and overall internet connectivity." http://southfloridaagentmagazine.com/2023/04/18/miami-named-the-no-1-city-in-the-u-s-for-gen-z-tech-workers/

"Median prices in Miami-Dade County rose 5.2% during the quarter compared with the same quarter last year, according to (Master Brokers Forum member) Ron Shuffield." http://www.wsj.com/articles/miami-housing-market-cools-but-is-still-the-hottest-around-3928727a

"More and more, buyers are opting for bigger guest houses in South Florida, sometimes even a guest mansion. Whether it’s building that second mansion, buying a house next door or adding a second condo in their building, brokers say South Florida’s luxury buyers increasingly want space to spread out." (Featuring insight from Master Brokers Forum member Joy Triglia.)

MASTER BROKER LISTING: Master Brokers Forum member Christopher Zoller presents this northeast corner lower penthouse unit in the ultra-luxurious Epic condominium, with 2,502 square feet interior and 597 square feet of terraces offering magnificent views of Biscayne Bay, Key Biscayne, the Port of Miami, the Miami River and skyline. All bedrooms with en-suite baths, foyer entrance with showcase wine cooler and "hidden" powder room. Open floor plan with 10-foot ceilings accommodates den, dining and living areas with marble flooring. Kitchen with high end finishes and appliances. Floor-to-ceiling impact glass throughout. Fabulous riverfront location, incredibly convenient to the shops, restaurants, and entertainment that Miami and Brickell have to offer. Residence and 5-star hotel amenities include two restaurants, pools, gym, spa, 24/7 concierge, valet or self-park, and more. (Bonus: a storage room!)

200 Biscayne Boulevard Way, #4701 is listed for $2,339,000 by Christopher Zoller, who can be reached at 305.321.3221 and/or zoller.c@ewm.com.

http://www.masterbrokersforum.com/Miami-mls-listing/A11347331.htm

Happy 20th Anniversary to our friends at The Real Deal! http://therealdeal.com/magazine/national-april-2023/a-ringside-seat-tothe-ultimate-blood-sport/

Warm regards to our friends at Century Homebuilders Group for hosting yesterday's excellent Miami Master Brokers Forum board meeting!

MASTER BROKERS: Our friends at South Florida Agent Magazine are offering Master Brokers Forum members a special 20% discount on this year's "Who's Who in South Florida" profiles! Reach out to Amy TODAY to enjoy this opportunity, which ends on Friday.

"In the Miami-Fort Lauderdale-Pompano Beach area, the median condo and median home prices are similar, meaning sizing up is more attainable than most major metro areas. The median condo in the region is $520,000 while the median house costs $549,000." (Article link below.) http://southfloridaagentmagazine.com/2023/04/07/sizing-up-from-a-condo-to-a-home-in-south-florida/

MASTER BROKER LISTING: Master Brokers Forum member Howard Chase presents Villa Moderna, the finest home in The Mansions at Plantation (which is almost ready!) The crown jewel in a trio of bespoke, custom mansions by esteemed RCR Homes, Villa Moderna spans nearly 14,000 total square feet on almost one acre, and sports seven ample beds, seven and one-half luxury baths, media room, fitness studio, floating glass staircase and a home office. The wine cellar, glass-encased elevator, Control4 smart system, and four-car garage with 13 ceilings outfitted with dual EV chargers elevate every aspect of life. Seamless indoor/outdoor flow abounds, with the covered patio and summer kitchen over the sprawling pool and hot tub. The estate is located on Plantation’s best lot, overlooking Volunteer Park in venerable Paragon Estates; a gated private enclave of five mansions offering the ultimate in exclusivity. Call today for a private tour.

12300 NW 15th Street in Plantation is currently listed for $7,200,000 by Howard Chase, who can be reached at 786-566-3505 and/or howard@howardchaserealestate.com.

https://www.masterbrokersforum.com/Plantati.../A11350920.htm

"The loan initiative is one of a number of new local efforts in Miami-Dade that amount to $500 million set aside to create a safety net for residents who are contending with large increases in rents and home prices..." (Article link below.) https://mansion.global/3U9wVTs

"The unemployment rate this February for all of the Miami-Fort Lauderdale-West Palm Beach metropolitan area was 2.2%, lowest in Florida. The rate for the entire state was 2.6% in February as national unemployment ticked up from 3.4% in January to 3.6%." http://www.miamitodaynews.com/2023/03/28/miami-unemployment-lowest-in-history/

MASTER BROKER LISTING: Master Brokers Forum member Sandra Masis presents this impeccable, beautifully remodeled 11,300 square foot corner lot home with four bedrooms, three and one-half baths, new roof, impact windows and doors, updated landscaping, and a lovely backyard pool. Also features newly updated, bright eat-in kitchen with Thermador appliances, and beautiful wood cabinetry. Laundry room comes with a brand-new washer/dryer, sink, and additional mini freezer. New porcelain tile throughout. Great family room with speakers and built-in cabinets accommodating a wine refrigerator, along with an additional mini refrigerator. Perfect for indoor-outdoor entertaining. Large master suite includes dual closets, spacious marble bath and shower with two vanities. Plantation shutters throughout. The two-car garage has high ceilings with plenty of storage space. Outdoor cameras provide extra security.

647 Zamora Avenue is currently listed for $2,400,000 by Sandra Masis, who can be reached at (305) 219-5963 and/or smasis@cervera.com.

https://cervera.com/agents/sandra-masis/?show=A11285471

MASTER BROKER INSIGHTS: From the recent Master Brokers Forum event hosted by The Village At Coral Gables, panelist Ana Bozovic shares her thoughts on the dramatic growth of Miami's $2,000+/square foot segment in residential real estate. https://youtu.be/WB7hMJti_YQ

"House flipping profits flopped across the U.S. last year, BUT NOT IN SOUTH FLORIDA...homes and condos flipped in the Miami-Fort Lauderdale-West Palm Beach area last year made profits over $100,000 on average...that's up from the year prior, when the average home-flipping profit in our metro was $87,000." http://www.axios.com/local/miami/2023/03/27/miami-house-flipping-profits

"MIAMI was the most popular migration destination in January, claiming the top spot for the first time since August. Half of the 10 most popular destinations are in FLORIDA: Tampa, Cape Coral, Orlando, and North Port-Sarasota are also on the list." http://www.cbsnews.com/miami/news/florida-remains-hot-spot-for-people-to-move-to-from-out-of-state/

From the recent Master Brokers Forum event hosted by The Village At Coral Gables, panelist Anthony Graziano explains how the rise in Miami's residential real estate inventory is impacting home prices. https://youtu.be/pU2XXYs7d-8

WATCH: Highlights from this month's beautiful Master Brokers Forum dinner and panel discussion, generously hosted by The Village at Coral Gables, MG Developer, ONE Sotheby's International Realty, and ONE Sotheby's Development Division! https://youtu.be/IK5tJJdBKDY

Are the recent big-name developer buyouts of local, older oceanfront condos just rare exceptions...or the start of a game-changing trend? We examine in this month's edition of “South Florida by the numbers”; a Master Brokers Forum partnership with The Real Deal. http://therealdeal.com/miami/2023/03/28/south-florida-by-the-numbers-bulk-buyout-bonanza/

We love reporting Master Brokers Forum “member to member” deals! In this recent transaction, Krista Richman Thomas brought the buyer for this beautiful Tim Singer listing in Victoria Park. (“Sold” listing link with details below.) Congratulations! http://www.coldwellbankerhomes.com/fl/fort-lauderdale/1005-ne-6th-st-unit/pid_51076208/

MASTER BROKER LISTING: Master Brokers Forum member Al Arostegui presents this “Malibu Beach House” offering an unrivaled lifestyle on one of Coconut Grove’s most charming streets. This incredible home offers the best Miami views from Biscayne Bay to the breathtaking skyline. Boasting an open space concept, a stunning entertainment deck to host indoor/outdoor gatherings, and new private dock, this hidden gem is a "must see" at an incredible price! 3500 North Bay Homes Drive is currently listed for $16,900,000 by Al Arostegui, who can be reached at 305.962.1119 and/or aarostegui@onesothebysrealty.com. (Listing link below.)

https://www.masterbrokersforum.com/Miami.../A11142153.htm

"Now, the strength of its neighbors is having a spillover effect on Fort Lauderdale and surrounding Broward County, 𝙜𝙞𝙫𝙞𝙣𝙜 𝙗𝙪𝙮𝙚𝙧𝙨 𝙞𝙣 𝙩𝙝𝙞𝙨 𝙧𝙚𝙡𝙖𝙩𝙞𝙫𝙚𝙡𝙮 𝙢𝙤𝙧𝙚 𝙖𝙛𝙛𝙤𝙧𝙙𝙖𝙗𝙡𝙚 𝙡𝙪𝙭𝙪𝙧𝙮 𝙢𝙖𝙧𝙠𝙚𝙩 𝙖 𝙜𝙧𝙚𝙖𝙩 𝙤𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙮 𝙛𝙤𝙧 𝙡𝙤𝙣𝙜-𝙩𝙚𝙧𝙢 𝙛𝙪𝙩𝙪𝙧𝙚 𝙪𝙥𝙨𝙞𝙙𝙚." http://www.mansionglobal.com/articles/nestled-between-two-luxury-home-powerhouses-fort-lauderdale-homeowners-are-primed-for-future-upside-d9317733

This week's first-ever Miami chapter Master Brokers Forum/City National Bank of Florida "Lunch and Loans" meeting brought members Jorge Fernandez, Janet B. Cabada Medina, P.A., Jena Congdon, Al Arostegui, and David Sporn together to learn about the bank's impressive array of products and services. Thanks always to our friend Rich Campanella for hosting and special thanks to MBF board member Christopher Zoller.

"The list ranks the total market value of residential real estate by state...Florida took the No. 2 spot with its housing market valued at $3.63 trillion..." http://southfloridaagentmagazine.com/2023/03/20/florida-makes-top-10-list-of-most-valuable-housing-markets/

There are at least 15 cities in South Florida where the typical home is worth at least $1 million...it makes South Florida one of the areas with the most "millionaire cities" in the country. (Featuring keen insight from Master Brokers Forum members Melissa Miller and Alicia Cervera.) http://www.sun-sentinel.com/real-estate/fl-bz-million-dollar-cities-south-florida-20230320-5phrnl35sradxdxlnqxnojahei-story.html

SPOILER ALERT #1 on this list rhymes with "Crinepest" http://www.bizjournals.com/southflorida/news/2023/03/21/niches-best-places-to-live-in-south-florida.html