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


Real Estate Update: Renting Miami

Luxury Miami Real Estate
Did you know that as of last month Miami ranks ninth nationally in median one-bedroom rental prices? At $1,840 per month for a one-bedroom, we are still way behind first place San Francisco’s astonishing $3,590, but our rental rates have steadily grown. In fact, rent rates rose 1% between January and February of 2016 and are up 5% year over year. If you think that is a drastic increase, then look at two-bedroom rentals – their median price has jumped 13% since last year!

With median rental prices rapidly increasing, isn’t it time to consider purchasing a Miami home?

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.

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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Recently Reduced ~ For Both Sale or Rent

Listing Price: $795,000  ~  Rental Price:  $4,500/monthly

6990 SW 61st Street - Front

6990 SW 61st Street is a unique find in Miami.  Once you are at home in this magical retreat, it feels like you are a million miles away from the hustle and bustle; however you really are only a few minutes away from the shops and restaurants of Coral Gables and South Miami. 

When first built, this home was originally marketed as part of the Little Lakes Marina Development.  Situated on a lush property with a little canoe lake at the edge, this home retains all of its 1947 charm, but has been lovingly updated by its current owners to include the best of all worlds. 

The home has 3 bedrooms plus a den/guest room, 3.5 bathrooms, breakfast room, family room, playroom and laundry room. The magnificent master suite has beautiful hardwood floors, a walk-in closet, and a stunning bathroom with a clawfoot tub and separate shower. The home brings the outside in with French doors in the family room inviting you to the gorgeous backyard and outdoor cabana overlooking the newly refinished pool. The yard has numerous fruit trees – star fruit, avocado, mulberry, loquat & orange.

6969 SW 61 St_05

6990 SW 61st Master6990 SW 61 St.  Master Sitting Room

Living RoomMaster Bath

6990 SW 61st Canoe Lake

 

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Miami is #1

 
TrophyDid you see the article  in the Herald on Tuesday written by Toluse Olorunnipa?  Miami has been voted the top market in the nation to buy a house instead of renting one! 
 

What does all this mean?  And how did we get hit with such an honor?
The article explains that Trulia, one of the top real estate research firms, conducted a study comparing home prices vs. rental prices in 50 of the country’s biggest cities, and analyzed in which city buying a home made the most financial sense.  They figure this out by comparing what it would cost to buy a home, versus what it would cost to rent that same home for a year. They then take that ratio of buying to renting, and that number determines how cost effective it is to buy somewhere instead of rent. For example, say you bought a home for $200,000, and the cost to rent that same home for a year was $20,000, then your buy-to-rent ratio would be 10. The report states that any ratio below 15 is considered a buyers market, and right now Miami has a ratio of 6!  The study states that the worst places to buy right now are cities like New York and Seattle, where ratios are as high as 31.

 
If you think you might want to look into buying instead of renting, feel free to give me a call at 305.798.8685. I’d be happy to talk to you further about the advantages of homeownership!

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Caribbean Club Rental – WON’T LAST!

Royal Caribbean Club

Royal Caribbean Club

This rental won’t last long! Located right across from the University of Miami and convenient to everything, this adorable 2 bedroom, 1 bath corner apartment has tile floors, new appliances and organized closets.  Tons of natural light, nice and clean with 1 assigned parking space.  The building has a peaceful pool and patio area that is rarely used – this is a great opportunity! 

For information, contact Ashley Cusack at ashleybcusack@gmail.com  or 305-798-8685. EWM Realtors.

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The Rental Market is Moving!

The rental market is HOT right now in Miami!  And especially in the Grove, we are seeing a big influx of activity. There are currently 74 homes on the market for rent in Coconut Grove in a vast array of prices. Here’s a taste of what’s available:

 

3635 Stewart Avenue

3635 Stewart Avenue

Most expensive rental on the market:

3635 Stewart Avenue – $40,000 per month – 4 BR/7 BA – 5,958 square feet – directly on the water with 2 boat lifts – extensive gardens and grounds – listed with Esther Percal of EWM

 

3615 Bayview Road

3615 Bayview Road

My rental listing in Coconut Grove:

3615 Bayview Road – Reduced to $5,500 per month – 4 BR/3 BA – 3,260 square feet – nicely updated Old Spanish home on a quiet cul-de-sac with great pool & detached 2-car garage

Least expensive rental on the market:

2299 SW 27 Terrace – $1,600 per month – 2 BR/1 BA – 1,342 square feet – wood floors, 1 car garage – listed with Carolina Llamozas of Century 21

Just last month, 15 homes rented, and there are currently 17 homes pending rental!

So what does all this mean? If you put your home on the market for rent, you can expect it to rent quickly. With 74 homes active on the market, and 32 that have been rented/are renting in the past month, this inventory is moving!

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The Hidden Gem on Mariposa

1131 Mariposa Avenue

1131 Mariposa Avenue

I have a WONDERFUL listing in Coral Gables at 1131 Mariposa Avenue. This lovely villa is on the market for sale ($399,000) OR for rent ($2,000). We have had a tremendous amount of activity on this listing, but the right person hasn’t appeared yet.

The unit is a free-standing villa, on the 2nd floor of a 2-story building, and is a part of the Royal Caribbean Club Condo. Most people that live here are young professionals, so it’s a wonderful quiet atmosphere, and feels very comfortable. The unit has 3 bedrooms and 2 bathrooms and has been immaculately maintained and wonderfully updated. Here are a few reasons why this is the PERFECT place to live:

  • Location – this home is situated just 2 blocks from the University of Miami, perfect for someone affiliated with the University. It’s also very close to the Metro Rail.
  • Pets – the condo association allows small pets.
  • Quiet – it’s such a nice, quiet residential area. Perfect for someone that is looking to rent but doesn’t want the hustle bustle of downtown Coral Gables.
  • Wonderful Condition – the unit has been kept in immaculate condition, it is move-in ready!
  • The Royal Caribbean Club – as a tenant in this villa, you get all of the amenities of the Royal Caribbean Club including a beautiful pool right in your backyard, and even an event room for entertaining, if desired.
  • Covered parking – the unit comes with a carport so you always have a dry, covered place to park your car!
  • Laundry – the unit also has a washer/dryer right in the unit. How convenient!

Please contact me if you would like to schedule a showing of this special home.

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125 Solano Prado – Wonderful Waterfront Rental

125 Solano Prado Avenue

125 Solano Prado Avenue

I just listed this great home in Old Cutler Bay for rent – 125 Solano Prado Avenue. It’s located on the water with no bridges to the bay, so this home is perfect for the boating enthusiast!

With the privacy of a mangrove preserve behind you, this home has 140 feet of water frontage, and sits on a 23,800 square foot lot. The docks are great for large boats, and you are only 5 homes away from the open bay!

The house has 4 bedrooms and 3 bathrooms and is very comfortable. For information, please don’t hesitate to contact me. It is being offered at $5,900 per month.

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An absolute gem at the Royal Caribbean Club – offered for sale & rent

1131 Mariposa Avenue, Living Room

1131 Mariposa Avenue, Living Room

I have a wonderful listing in Coral Gables that is part of the Royal Caribbean Club Condo Association. It is one of their villas, so it looks like a free standing home, but has a downstairs unit and an upstairs unit. My listing is the unit upstairs – 1131 Mariposa Avenue.

The unit is being offered for sale for $399,000 and for rent for $2,200 per month. This quaint home has so much to offer, and these villas are very rarely available! The home features 3 bedrooms, 2 bathrooms and has 1,400 square feet of space. It has been beautifully and immaculately maintained with a special updated kitchen, open living and dining rooms, and a cozy office area. The master bedroom offers a walk-in closet and renovated bathroom.

The home has wonderful closet space througout, a full sized washer/dryer, a covered carport, circular driveway, back staircase and so much more. This is truly a gem! For more pictures and information, please visit the home’s website at www.1131mariposa.com!

1131 Mariposa Avenue, Kitchen

1131 Mariposa Avenue, Kitchen

1131 Mariposa Avenue, Bedroom

1131 Mariposa Avenue, Bedroom

1131 Mariposa Avenue, Front Exterior

1131 Mariposa Avenue, Front Exterior

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