Luxury Miami Real Estate

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550 South Dixie Highway

Coral Gables, FL 33146

Cell: 305-798-8685

Office: 305-960-5330

Email Me


The Under $1,000,000 Market in Coral Gables this Spring

Following up on my blog last week about the Coral Gables market, I am attaching a few different charts that show the state of the market for single family homes under $600,000, from $600,000-$800,000 and one from $800,000-$1,000,000.

As you might expect, the lower price range has less supply than the more expensive homes at 6 months supply. Even this market, however, has experienced a 41% increase in inventory since this same time last year. The good news is there has also been a 31% increase in sales in this market.


The $600,000-$800,000 market is carrying its same supply as last year with 7 months, but has seen an 8% decrease in sales. This represents 12% of the overall inventory and 26% of the sales.


And finally, the $800,000-$1,000,000 market has seen inventory grow from 5 months supply to 8 months with a 26% reduction in sales. This range represents 11% of inventory and 19% of sales in Coral Gables.

As the price of the homes increases, we have continued to see inventory also increasing and sales decreasing. This information helps show how important it is to price correctly in this market. The under $1,000,000 market represents 64% of all sales in Coral Gables.

Please don’t hesitate to call or e-mail me if you have any questions about this information or any other real estate needs.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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The Markers Grove Isle

Rendering from The Markers brochure
I love showing property on Grove Isle. If you are unfamiliar with the development, it is a private island in Biscayne Bay that currently houses three condo buildings, a hotel, spa, restaurant, marina, and tennis facilities. When you cross the bridge over to the island it truly feels like you have escaped to a beautiful resort!

Grove Isle is actually growing with the addition of its newest building called The Markers. This development will feature 65 residences all with deep balconies, floor to ceiling glass, designer finishes – the works! Designed by CallisonRTKL to wrap around the tip of the island, each unit will also have stunning views, which are getting harder and harder to find in Miami. Ranging from 2,200 to 5,000 square feet, these new units start at $2,200,000.

Recently someone mentioned in passing that The Markers project was being cancelled, but she did not know why that was the case. I went straight to the source and called their sales office to see what is going on. They told me that the project is still alive, but it is delayed because the city has not yet issued their building permit.

I would love to see The Markers come to fruition because I think that it looks like a beautiful project that will really modernize Grove Isle. Also because I would love to sell some units!

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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What a Wonderful Weekend in Miami!

Photo from www.miamiandbeaches.com
President’s Day Weekend is a great time to be in Miami. Between the Miami International Boat Show and the Coconut Grove Arts Festival, there is a ton to do over the holiday weekend! While I have been to the Boat Show several times in the past, I have not visited it at its new Miami Marine Stadium location, which I hear is fabulous – and is much more convenient to me than Miami Beach was.

Having grown up in Coconut Grove the Arts Festival has always been near and dear to my heart. Did you know that it was founded in 1963 by Charlie Cinnamon? What was once a quaint little art gathering is now a massive event that finds approximately 120,000 people looking at and buying art, watching live entertainment, and of course eating and drinking!

This weekend is supposed to be sunny with highs just hitting 80 degrees and lows in the low 70’s. I hate to rub it in to out of towners, but between that forecast and these amazing activities, why are you not in Miami this time of year?

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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More Thoughts on Ygrene

If you live in Florida, then chances are that you have heard about Ygrene loans. In a nutshell, these are home improvement loans that a homeowner can get with no money out of pocket to improve the eco-friendliness of their homes. Once the work has been done by a Ygrene approved contractor, the owner then begins paying for the work as a part of their tax bill – essentially this is a lien. While this is great for the homeowner I have very mixed feelings about the program as a realtor, and I think that some of my sellers who have gone the Ygrene route in the past would not choose to do so again.

I have had a few listings that have been renovated using Ygrene funds. The houses have all looked great and had things like new impact glass and new roofs, so what could be wrong with that? The problem is that the owners are trying to sell these improvements at a premium without having finished paying for them. Each and every time I have had a Ygrene property, the owner has thought that the buyer would simply take over their tax bill payments. However, that would mean that the buyer would be double paying for the work by purchasing the improvements with the home and then paying off the loan over the course of their home ownership. Frankly, buyers are too savvy for that! Even if they are not so savvy, then their banks will likely not allow them to assume the Ygrene payments.

Eventually what happens is the seller has to pay off the loan prior to selling their home, and that can be a big chunk of change that can also include a pre-payment penalty. Whenever this comes up I always wonder if a home equity loan would have been the way to go to make these home improvements. Every situation varies, though, and I suppose that there is not really a good answer to that question. A seller might not have enough equity in their home to get the necessary funds for repairs, or maybe Ygrene sounded like a great plan because they were going to stay in the house for 30 years but they are now getting a divorce.

Ygrene always seems like a great option, but be sure to do all of your research before committing to this type of program because, although it can do wonders for a house, it is not always the perfect program that it is cracked up to be.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Come Marvel at my Magical New Grove Listing

Enchanting does not even begin to describe 3737 Kent Road! It is truly something that has to be seen to be believed, and because they say that a picture is worth 1,000 words, click here to view the property’s website. It is such a treat to have this home listed, and I know that you will love taking a peek at its magnificence!
If you are in the market to either buy or sell a home, I would love to help you! Call me at 305.798.8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Millennials Are Buying Homes Because of Their Dogs – Not Their Children or Marriages

This is fur real, believe it or not, roughly one-third of recent homebuyers ages 18 to 36 said a desire to have more room for their pets influenced their decision to buy their first home! As a true dog lover, I get it although I can’t say I have bought a house for my dog, (obviously just outside the millennial window)! A recent survey conducted by Harris Poll on behalf of SunTrust Mortgage found that 33 percent of millennial home buyers’ decisions to buy a home was driven chiefly by their dog. Furry friends outranked wedding bells (25 percent cited marriage as their top motivator for buying a home) and kids, too (only 19 percent said the birth of a child was their prime incentive). The survey also found that 42% of Millennials who had never bought a home said that their dog, or the desire to have one, would be a key factor in their decision to becoming a homeowner.
If you are in the market to either buy or sell a home, I would love to help you! Call me at 305.798.8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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The Foreign Buyers

Here is a link to a great article from the EWM 2017 Real Estate Market Outlook publication. It gives clear insight into the foreign market. It has such great implications on our daily market and this article paints a pretty clear picture of where we are today with hopes that this market will pick back up in 2018.
If you need help buying or selling a home give Ashley Cusack a call at 305.798.8685, or visit her website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. EWM Realtors.

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Miami Real Estate: Where is Our Market Really?

I have been doing a lot of market updates recently, because it is such an interesting time in South Florida. Wherever I go, I hear “You must be loving this market”. Yes, it is a nice, steady market, but it is not exactly what most people out there think. These graphs give such a clear picture of the condo and housing market in Miami-Dade County over the past year. Before last year, we were in such a growth mode, but the past year has shown a rather consistent hold on the market. Yes, you will see a couple of upticks, but overall we are holding steady. This is what I have been seeing in my markets, but again, these graphs reinforce this.

The amount of condos for sale last year in August was 10,542 and this August we were at 11,423, an 8% increase. Single family homes over the same period were at 5,706 last year and dipped slightly to $5,432, a 5% decrease. As far as what has sold, the condo market saw 1,360 sales last August and this year 1,398, a 2.8% increase.

The median sale price for condos in Miami-Dade County increased by 7% when averaging the summer months last year compared to the summer months this year. Single family homes increased by 9%. The last measure we are looking at is months of supply and single family homes seem to be down 10% while condos are up 5%.

All of this shows a healthy market with slight growth. The past few years we would have declared a seller’s market, but now we are in a more balanced market. It is important for sellers to understand that we cannot just put an unsubstantiated price out there and hope to get it. Buyers are still willing to pay a fair price, even if that is the full price, but if a home is priced too high it will sit and lose momentum. It is more important than ever that we are thoughtful with our pricing!

Contact me for more information or a showing! Download and print the graph above, for the Miami Real Estate Market. If you are looking to list your home / condo, please call me directly at 305.798.8685 or visit my website: Luxury Miami Real Estate.

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

As the #7 Realtor company-wide at EWM in 2014, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. EWM Realtors.

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Coral Gables History: Shoes Worth Bronzing

I’ve always wondered about those bronze shoes in the middle of Cocoplum Circle, haven’t you? Well as I did some research, come to find out, Cocoplum Circle isn’t even Cocoplum Circle! It’s true name is “Cartagena Plaza” named after the city of Cartagena in Colombia and this is where the original shoe statue is found. A Columbian poet, by the name of Luis Carlos Lopez, wrote a poem honoring the city where he was born and comparing his emotions to that love that one feels towards an old pair of shoes. The famous replica was given to the City of Coral Gables in the mid 1980’s and is to signify the bond between our “City Beautiful” and that of Cartagena. Cartagena was the first “sister city” of Coral Gables, a program developed back in 1956 to link the US with citizens of other countries, promoting cultural and commercial ties.

For information on Coral Gables Homes for Sale or if you are looking to list your home, please call me directly at 305.798.8685 or visit my website: Luxury Miami Real Estate.

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 20 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

As the #7 Realtor company-wide at EWM in 2014, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. EWM Realtors.

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What Does $1 Million Buy You in South Florida?

I always love seeing the answer to this question in other areas of the country, so I thought I would do a quick snapshot of the South Florida market. I have chosen one house from Coral Gables, Coconut Grove, South Miami and Pinecrest. All of these sales have taken place in the past 6 months.

427 Catalonia Avenue in Coral Gables sold in January, 2015 for $950,000
3 bedrooms/3 bathrooms
2,745 adjusted square feet
$346.08/square foot
10,000 square foot lot
Year built: 1950
Days on Market: 49
This home was nicely finished, but did not have a true master suite and did not have impact windows.
It did have a pool and a one car garage
Listing agent: Ashley Cusack

3851 Poinciana Avenue in Coconut Grove sold in April of this year for $1,000,000
3 bedrooms/2 bathrooms
2,286 adjusted square feet
$437.45/square foot
10,000 square foot lot
Year built: 1959
Days on Market: 29
This home was nicely updated and had a large master bathroom. It also had a pool.
Listing agent: Riley Smith

6251 SW 79th Street in South Miami sold earlier this month for $1,055,000
5 bedrooms/3 bathrooms
2,945 adjusted square feet
$358/square foot
14,000 square foot lot
Year built: 1953
Days on Market: 49
This home was completely updated a few years ago with impact windows and doors throughout,
all new electric and plumbing, floors, kitchen, bathrooms, roof and much more.
There was not a pool or a garage , but it was beautiful.
Listing agent: Ashley Cusack

5942 SW 135 Terrace in Pinecrest sold in October of 2014 for $965,000
4 bedrooms/5.5 bathrooms
4,130 square feet
$233.06/square foot
21,782 square foot lot
Year built: 1986
Days on Market: 24
This home was very large, but needed to be updated. It did not have impact windows. Situated in a gated community with a lagoon behind it. This home had a pool and a 2 car garage.
Listing agent: Wendy Levy-Jackson and Adam Levy

For information on new listings or if you are looking to list your home, please call me directly at 305.798.8685 or visit my website: Luxury Miami Real Estate.

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 20 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

As the #7 Realtor company-wide at EWM in 2014, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. EWM Realtors.

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