Author Archives: timallen

Music Explosion and Hyundai Air & Sea Show

The Hyundai Air & Sea Show will return to Miami Beach on Memorial Day weekend (May 28-29, 2022). Tickets are presently on sale, and the Music Explosion concert that follows will feature international rock band 3 Doors Down.

Each day at 11 a.m., the Hyundai Air & Water Show opens with the sea component, which includes professional jet ski demos, ThunderCats boat races, and the Cigarette Powerboat Racing Demonstration, which will include ten state-of-the-art Cigarette boats. Attendees will be able to see parachute teams, jet displays, search and rescue exercises, and much more as they travel from the sea to the sky, showcasing our country’s elite military technology. There will also be a Monster Energy FMX Motocross Exhibition, as well as military recruiting exhibitions, in the Display Village in Lummus Park.

On Saturday, May 28th at 8 p.m., 3 Doors Down will perform at Show Center on the Beach. The Music Explosion will begin at 5:30 p.m. with the Army’s As You Were band and the Air Force’s Max Impact band. The Army Golden Knights Parachute Team will perform a spectacular fireworks display following the music.

This update is presented by the Miami Beach real estate team representing Blackstone International Realty, specializing in Continuum South Beach. To learn about our Continuum condos for sale, please visit us online.

South Florida’s Luxury Real Estate Markets Are Hotter than Ever

The shortage of luxury homes and condos in South Florida has hit a record low of 7,906 units in the first quarter of this year, according to recently published reports. This is a decrease from the 2017-2019 average of 27,000 units. However, sales are red-hot.

Despite the low supply of available properties, the first quarter witnessed overall sales of more than $11.8 billion, a $1.9 billion increase over the previous quarter. Some luxury markets hit all-time highs. According to data produced by Miller for Douglas Elliman’s Elliman Report, the top five luxury real estate markets in the area accounted for about 45 percent of all regional sales volume, or nearly $5.4 billion.

With 17 closings and an average price of over $17.9 million, Miami Beach, Barrier Islands, was the report’s second most expensive luxury single-family house market. The average price per square foot was $2,766, down from the previous quarter’s high of $2,835 per square foot. The market’s total sales volume at all price levels was about $2.9 billion, second only to the Miami Mainland market’s $3.9 billion in sales.

Mother’s Day Events in Miami

This Mother’s Day, treat your mom to a memorable outing that she will never forget. Take a look at our list of fun Mother’s Day activities in Greater Miami and Miami Beach.

Groundup Music Festival

Friday, May 6 – Sunday, May 8

This May, the North Beach Bandshell will host the 5th annual GroundUp Music Festival. The event will feature concerts by popular jazz musicians and groups, artist lectures and workshops, food from top local chefs, and exquisite Miami Beach vistas, and will be hosted by three-time Grammy Award winner Snarky Puppy, who will perform all three nights. Emily King, Moonchild, Cory Henry, and more than a dozen other performers, as well as an improvised performance by SpaceJam with Kimbra and Friends, will delight music fans.

Miami City Ballet: Prodigal Son – Adrienne Arsht Center

Friday, May 6 – Sunday, May 8

Over Mother’s Day weekend, the Miami City Ballet will offer three performances of “Prodigal Son.” This dance depicts the exciting Biblical story of a young man who leaves home against his father’s wishes in order to pursue his own life, with music by Sergei Prokofiev and choreography by George Balanchine. The Adrienne Arsht Center for the Performing Arts will host performances at 7:30 p.m. on Friday and Saturday, and 2 p.m. on Sunday.

Mother’s Day Dinner Show – Bellmónt Spanish Restaurant

Saturday, May 7 & Sunday, May 8

Treat your mother to a joyful evening of Spanish food and dancing at Bellmónt Spanish Restaurant on Mother’s Day. “Pasion Flamenca Under the Stars, Mother’s Day Edition,” held outdoors in gorgeous Coral Gables, is a memorable evening featuring a prix-fixe supper buffet and performances by some of Miami’s top flamenco musicians. At 8:30 p.m., the concert will begin. Saturday, at 8:00 p.m. on the following Sunday Reservations for dinner are recommended and can be made between 6 and 10 p.m.

Mother’s Day at Deering Estate

Sunday, May 8

Take mom to Deering Estate this year to experience the beautiful bayfront location. Guests are invited to bring their own picnic and enjoy this gorgeous property overlooking Biscayne Bay from 10 a.m. to 4 p.m. Take a peaceful trip on the Pelican Skipper (a 45-foot Corinthian catamaran that departs from the estate) before or after your lunch and enjoy a complimentary glass of Champagne. The two-hour cruises leave at 11 a.m. and 2 p.m., and tickets must be booked in advance online.

The Inaugural Miami Grand Prix Boasts Star-Studded Lineup of Events

Miami Grand Prix promoter South Florida Motorsports has announced that a party-style event will be hosted on Wednesday, May 4, the day before the first ever Formula 1 race in the city. The party will take place at the giant podium structure that is being erected on the south side of the stadium that is home to the NFL Miami Dolphins and University of Miami college football teams. The event will also be streamed live on the Formula One social media outlets.

The curtain-raising extravaganza will feature performance by Norwegian DJ and producer Kygo. The event will also feature podium interviews with F1 drivers and team principals, W Series racers and A-list celebrities. The event’s general admission tickets are $100 and will allow fans to witness parts of the Miami International Autodrome circuit up close for the first time.

Aside from the track festivities, Mercedes F1 team sponsor FTX has teamed up with the city of Miami Beach to host a three-day fan festival on the sands of the city’s famed South Beach. Mercedes F1 cars will be on display on the world-famous Ocean Drive on both Saturday and Sunday of the race weekend. On May 6, the ‘FTX Off The Grid’ event will kick off on the beachfront across from 10th Street and Ocean, with ticketed music performances in the evenings by top DJs Disclosure, Kaytranada and Jamie XX in an event dubbed ‘Sunset on the Sand.’

Electric Beach-themed activities will take place throughout the day at the 165,000 square foot facility. This will include a Mercedes F1 garage and car display, art galleries, a Swiss watchmaker IWC, fashion presentations and motorsport simulators, all of which will be open to the public throughout the race weekend.

Things To Do in and Around Miami This Weekend

The weekend is finally here, which means there will be a bunch of new activities in and around Miami Beach. Here are a few suggestions to make the most of your days off:

Miami Latin Food, Beer, Wine & Spirits Festival – Miami

Date: Sat Apr 23 from 11:00 am to 8:00 pm

Visitors will be treated to exquisite Latin gourmet food, unlimited samples of over 100 craft beers, great wines and specialty spirits at the Miami Latin Food Wine & Spirits Festival.

Arts Ballet Theatre of Florida: Spring Ballet Gala – Miami

Date: Sat Apr 23, 7:30 PM

Tickets for the Arts Ballet Theatre of Florida: Spring Ballet Gala in Miami are on sale right now! Take advantage of the limited availability of tickets for this theatrical production at Aventura Arts and Cultural Center – Aventura before they are sold out completely.

5K Run/Walk & Volleyball Tournament for Mental Health at Tropical Park – Miami

Date: Sun Apr 24, 12:00 PM – 2:00 PM

5K Walk/Run & Volleyball for SAVE’s Emotion in Motions is a journey of hope and support for those who are suffering from mental health issues. This event brings people from all walks of life together and provides an opportunity to recognize the ways in which suicide and mental health conditions have affected our lives, as well as the lives of those we love and care about.

Pop Up & Shop Up Market at The Lincoln Eatery – Miami Beach

Date: Sun Apr 24 from 1:00 p.m. to 5:00 p.m.

Come out to support local small businesses, sample the Lincoln Eatery’s diverse food and beverage offerings, and add some fun to your Sunday with a game of pool or beer pong.

Why Location is So Important in Florida Real Estate?

Due to the increased demand for condominiums, purchasing a luxury condo can be a profitable investment, as condos provide a high return on investment. However, a condo with a poor location on the market is unlikely to give you the best value for your money.

When purchasing a luxury condo, the location is quite important. It’s the one constant about a property, and it can either add or subtract to the value of the unit. For example, if a condo is located in an area that is seeing industrial expansion, it will most likely increase in value over the following several years as more investors, entrepreneurs and job-seekers relocate to the region. Notably, remote work expansion, low mortgage rates, low taxes, along with a luxurious lifestyle, have all led to a surge in South Florida’s real estate market.

The ease of access to a condo’s location is another factor to consider. It should be close to major highways and public transportation, and preferably in a neighborhood with attractive public areas and landscapes. Take into account the particular lot location as well, as future neighbors such as commercial properties, new parks and other housing possibilities, among other things, may have an impact on the condo’s value.

One of the most sought-after condominiums in South Florida is the Continuum in South Beach. This resort-style condominium is located on 100 South Pointe Drive in the prestigious South of Fifth (SOFI) district, close to award-winning restaurants, boutiques and clubs, as well as the city’s world-famous beaches. Not to mention the breathtaking views of the city, Biscayne Bay and the Atlantic Ocean.

To explore a complete listing of Continuum condos for sale, as well as the amenities available to our residents, please visit Continuum in South Beach online.

Celebrate Easter Egg-Stravaganza in Miami Gardens

It’s only a matter of time until the Easter holiday arrives. To mark its 9th annual Easter Day celebration, the T5 Foundation is inviting the community to join in on the fun with their Easter Day Extravaganza.

The event, co-hosted by the City of Miami Gardens and funded in part by the Children’s Trust and numerous other supporting organizations, will take place in Miami Carol City Park on April 17, 2022, from 12:00 p.m. to 5:00 p.m. There thousands of colorfully decorated eggs will be dropped from a helicopter as part of the annual egg hunt and egg drop. In addition to eggs filled with treats and secret prizes, the T5 Foundation will also provide STEM activities for children, along with live music, food trucks, free rides, games, raffles and much more. Free haircuts will be provided with the support of community sponsors on a first come, first serve basis.

The T5 Foundation was founded in Miami, Florida to encourage community outreach. Their mission is to reduce poverty, hunger and homelessness. Since 2010, the organization has held annual food, clothes and toy drives for needy families. Every year, the Foundation strives to expand and reach out to more residents of Miami-Dade County and the surrounding towns. Don’t miss out on this fantastic family event, where there will be something for everyone to enjoy.

Continuum South Beach offers resort-style oceanfront condo living on the beautiful beaches of Miami’s SoFi neighborhood. To learn about our Continuum condos for sale, please visit us online.

What to Consider in the Resale Value of a Luxury Condo

Due to the increased demand for condominiums, purchasing a luxury condo can be a profitable investment, as condos provide a high return on investment. Here are a few things to consider when investing in a luxury condo.

In the Miami condo market, different floor plans have varying resale values. Larger floor plans typically have the most resale value. Even individuals who are single may choose a larger apartment with a separate office, den or guest bedroom. This as the demand for pure one-bedroom apartments is lower than larger units. Similarly, there are very few top penthouse apartments in South Florida, which keeps the demand higher, even during a downturn in the market. If you want to maximize the value of your Miami condo when it comes time to sell, you should purchase as much space as your budget allows.

If you buy a condo in a high-rise building, the floor on which you live has an impact on the resale value. The higher the floor, the better the resale value is usually. Residents of luxury apartment buildings in Miami desire panoramic views of the cityscape, Biscayne Bay and the Atlantic Ocean, which are often uninterrupted from higher floors. Even if you buy a property on a lower floor with wonderful views, there’s a chance that another developer will build something close that will block the view.

It’s no surprise that Continuum in South Beach is one of the most sought-after luxury condos in the area. 100 South Pointe Drive in the South of Fifth (SOFI) district is home to a slew of award-winning restaurants, boutiques and clubs, as well as the city’s world-renowned beaches. With 318 units, one to five bedroom condos and penthouses ranging from 1,200 to 5,000 square feet, Continuum offers a diverse range of living possibilities.

To view a full list of Continuum condos for sale, including what amenities we offer our residents, visit Continuum in South Beach online.

South Beach’s Artisan Food Market Is a Must-Visit

On March 27 and April 24, the SOBEWFF Artisan Food Market on Lincoln Road will feature a rotating roster of Miami’s best eats. The market allows small food entrepreneurs and home-grown businesses the opportunity to showcase and sell their artisanal creations on one of Miami’s most popular shopping destinations.

Just up the road from Continuum South Beach, The SOBEWFF Artisan Food Market is the place to go if you crave cookies that send you back to your childhood, cinnamon breads, burgers, smokehouse BBQ favorites and much more. Initially started as a way to combat the pandemic, a limited number of pop-up markets were set up for local food artisans to promote their products and services. Now, more than 75 vendors from around South Florida will showcase their artisanal products on the world-famous Ocean Drive in Miami Beach as a larger seasonal event.

This year’s SOBEWFF Artisan Food Market will focus only on small food and restaurant businesses, in keeping with the Festival’s mission to help the local community. The market will be located between Lincoln Lane North and Lincoln Lane South on Michigan Avenue.

Want access to more Miami fun? Continuum condos for sale are the perfect way to ensure you’re close to all the action. To view a full list of our condos for sale, including what amenities we offer our residents, visit us online.

Condo Activity Continues to Soar in January, Surpassing Previous Highs

Existing condo transactions increased for the 16th consecutive month as Miami-Dade County real estate extended its historic run with its best-ever January sales month.

According to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system, Miami’s existing condo sales rose by 31.7 percent, from 1,243 to 1,637. When compared to January 2020, condo transactions have soared by 68.8%.

For existing condominiums, the median percent of original list price received was 97.3 percent, up 3.2 percent from 94.3% previous year. The median number of days between the time a condo was listed and when it was sold was 40 days, down 36.5% from 63 days. The median number of days it took to sell a condo was 87, down 21.6 % from 111 days. Furthermore, cash sales accounted for 49.4 % of all existing condo sales in Miami. The high percentage of cash buyers reflects Miami’s position as the primary American real estate market for foreign buyers, who tend to buy with pure cash.

Miami real estate is in high demand from both domestic and international purchasers. The expansion of remote work, low mortgage rates, Florida’s low taxes, reduced Covid laws and luxury lifestyle have all contributed to Miami’s sales growth.