Miami Beach - Fort Lauderdale New Foreclosures Hit the Market

Every week The Golan Team send out a free report on the latest Foreclosures of homes and condos in the area so you can be the first to find the best deal.

This week foreclosures are listed below. In order to access them, please click on the links below and scroll between the properties using the arrows on the top left.


Single Family Home Foreclosures Week of July 26


Condos and Townhomes Foreclosures Week of July 26


If you are interested in subscribing and having these reports sent directly to your email please fill in the request form at http://www.southfloridaluxuryforeclosures.com/

The Golan Team is headed by Eyal and Debra Golan a husband and wife team that have been selling luxury condos and single family homes in the South Florida for the past decade. Visit their website at www.golanteam.com or call them at 786-271-1235 to discuss your Real Estate needs

Broward County Foreclosure Report

The Sun Sentinel newspaper just published its 2010 foreclosure by zip code report for Broward County. Wanna know how your zip code has faired....click here


Broward Country 2010 Foreclosure Report


If you are interested in knowing the latest news on Foreclosure Listings, subscribe to our free foreclosure website at http://www.southfloridaluxuryforeclosures.com/

The Golan Team is headed by Eyal and Debra Golan a husband and wife team that have been selling luxury condos and single family homes in the South Florida for the past decade. Visit their website at www.golanteam.com or call them at 786-271-1235 to discuss your Real Estate needs.

Weekly Foreclosure List

The Golan Team provides a free service to its clientele...A free weekly report of all new Single Family Homes and Condos Foreclosure report. See where the real deals are...If you already know where you want to buy whether it is in Miami Beach, Bal Harbour, Surfside, Sunny Isles, Aventura, Coconut Grove, Coral Gables, Fort Lauderdale, Hallandale, Hollywood or anywhere in Miami Dade or Broward county you can get this free list emailed to you weekly. You can even customize the search to meet your own needs.

To sign up click here: http://www.southfloridaluxuryforeclosures.com/

This week there were 11 new foreclosure condos and 14 new foreclosure homes. Just click on the link below and use the arrows on the top left to scroll from property to property.

If you like something call us to 786-271-1235 or drop us a note to foreclosures@golanteam.com and we will send you more information and schedule and appointment if you wish to see the property.

New Foreclosure Condos Listings

New Foreclosure Home Listings

Stay on top of the latest Foreclosures by subscribing to the Golan Team luxury foreclosure website.

The Golan Team is headed by Eyal and Debra Golan a husband and wife team that have been selling luxury condos and single family homes in the South Florida for the past decade. Visit their website at www.golanteam.com or call them at 786-271-1235 to discuss your Real Estate needs.

Miami tops Wall Street Journal's list in four luxury categories

The Golan Team welcome Mr. Wade, King Lebron and Mr. Bosh to The Miami Heat !!! Watch out NBA teams, the Dream Team is here!!!

The following is written by David Biderman and Ben Cohen in The Wall Street Journal.. it was so good that we have pasted the whole article here as well as a link to the original...

Enjoy...

Though LeBron James's decision to take his talents to Miami next season are likely based on important things like winning championships and potential chemistry with his new all-star teammates, there's also this—he's about to move to one of the best U.S. locations for living the high life.

Because Mr. James's decision was basically narrowed down to Miami, New York, Chicago and Cleveland (sorry, Nets, we ruled out Newark), we gathered vital information in six categories for those cities, including what their night scenes are like and whether their state tax breaks could save Mr. James money.

Here's how LeBron James's four main city choices cater to the wealthy. His new destination is an easy winner by these standards, thanks largely to Florida's lack of a state income tax, which could save him as much as $1.01 million next year compared with the other cities according to Florida-based law firm Gunster. Of the six categories we detailed, the Miami area was the most-luxurious in four—state income taxes, top golf courses according to Zagat and most-ostentatious cars, with a combined 22 Lamborghini, Ferrari, Bentley, Rolls-Royce and Maybach dealerships. Miami also tied New York City in our top-nightclub category according to the "Nightclub & Bar" publication (we'd bet Mr. James is salivating at the thought of partying at LIV, the Miami Beach club ranked No. 6 on the list).

New York City was second, leaning on its 53 luxurious hotels (according to Five Star Alliance) and boasting 344 restaurants with a Zagat food-quality rating of 24 or higher. But the steep state income tax weighs it down. Chicago is solid in every category, but it doesn't stand out anywhere, ranking second or third in every group.

Then there's Cleveland, in Mr. James's home state. We know he has got ties there, but the city is last in five of our six categories, including the night-life and restaurant supply. Or, as Robin Leach puts it: "New York gives him the high-powered world of Wall Street and super-sized apartments and Miami gives him the beach and his pals. Cleveland, that's another story."

See the complete Lifesty;y indes and read the article at To Be Young, Rich and in South Beach

So Mr. Lebron or should we say his Royal Highness, King Lebron, welcome to our humble city of Miami and if you are looking for any Real Estate give us a call to 786-333-6200 or drop us a note to info@golanteam.com!!!!

Miami Spa Month

All work and no play makes the ….

Remember the expression!!! Well have no fear, The Golan Team is pleased to give you the remedy for those stiff shoulders, tired hands or cramped legs!!!

It’s Miami Spa Month !!!

Take a break and indulge yourself with a massage, facial or one of many other treatments at just a fraction of the normal price..

Ever wondered what the inside of some of the world’s most beautiful spas look like..well now you can be pampered just like royalty.

Visit http://www.miamispamonth.com/ and see which hotels, spas and facilities are participating. But remember the specials end August 31st , 2010 so treat yourself today!

And remember when you are all relaxed and want to look at Real Estate, count on The Golan Team and contact us at 786-271-1235 or drop us a note here to info@golanteam.com

Breaking News: House extends Homebuyers Tax Credit

HOT OF THE PRESS!!!!

The Golan Team has just heard and wanted to pass it along to you ... In a last minute effort to help first time homebuyers, the House has passed a stand alone bill that would extend for three months Wednesday’s deadline for closing on a home purchase in order to claim the First Time Homebuyer’s Tax credit.

The Senate could vote as early as tomorrow on Bill, HR 5623. To read the full story click here

Aventura - City Park Development in Foreclosure

The Golan Team have learned that City Park project located at the corner of Waterways Boulevard (207th St) and Northeast 30th Avenue, just east of U.S. 1 is headed for the auction block.

City Park Aventura was to include 53 townhouses, 51 apartment units, 156,921 square feet of office space, a 194-seat restaurant, a bar/cocktail lounge, 19,352 square feet of retail space, a 198-room hotel, a 5,087-square-foot health spa/gym, and an 18-lane bowling alley, according to a development proposal submitted to Miami-Dade County.

The Development headed by Sky Development was meant to break ground in 2007. However the project never took of. The Developer, CEO Yitzhak Toledano assembled the parcels in two separate deals in 2006. One purchase was from HRCBJS Partners who offered seller financing on the sale. Now they have won the foreclosure judgment on a $18.3m mortgage plus interest and fees against Sky Development. The site is scheduled for auction on August 13th.

If you drive by the site you will see it is completely fenced up and the grass looks more like a marsh than a field. It was an ambitious project but potentially could have bought a large source of revenue to the City of Aventura.

We will keep you informed as to what happens to this parcel of land.

2010 Semi Annual Report for Condo Sales Miami Beach - Hollywood

Our last posting on www.southfloridacondosblog.com covered sales for the first six months of the year with regards to single family homes. Now The Golan Team presents you an analysis on condo and townhome sales since the beginning of the year.

The numbers are outstanding. In the areas that we cover and specialize in: Miami Beach, Surfside, Bal Harbour, Bay Harbor Islands, Sunny Isles Beach, North Miami and North Miami Beach, Eastern Shores, Aventura, Golden Beach, Hallandale and Hollywood East, there have been a total of 2837 units sold just this past six months.

Here is the breakdown according to area: (ranked highest to lowest no. of properties sold)

1) Miami Beach – 927 units sold so far this year ranging in price from $16,000-$15,000,000
2) Aventura – 458 units sold so far this year ranging in price from $42,500-$2,350,000
3) Hallandale Beach – 452 units sold so far this year ranging in price from $26,555-$865,000
4) Sunny Isles Beach – 346 units sold so far this year ranging in price from $42,000-$4,700,000
5) Hollywood East – 308 units sold so far this year ranging in price from $30,625-$1,225,000
6) North Miami Beach – 114 units sold so far this year ranging in price from $16,500 - $399,000
7) North Miami – 104 units sold so far this year ranging in price $17,400 - $385,000
8) Bal Harbour – 48 properties sold so far this year ranging in price from $97,500-$8,700,000
9) Bay Harbor Islands – 40 properties sold so far this year ranging in price from $65,000 to $465,000

The market is definitely picking up. If you are interested in knowing today’s value of your condo or home, contact The Golan Team at info@golanteam.com or call us at 786-333-6200.

2010 Semi Annual Home Sales Statistics - Strong Numbers for Homes from Miami Beach - Hollywood

If you have been reading the press, you know this year has been a very busy one with regards to Real Estate and a lot of properties have exchanged hands. The Golan Team primarily specializes in Real Estate in Miami Beach, Surfside, Bal Harbour, Bay Harbor Islands, Sunny Isles Beach, North Miami and North Miami Beach, Eastern Shores, Aventura, Golden Beach, Hallandale and Hollywood East. Looking at these areas only, there have been 362 closed Single Family Homes just this year.

Breakdown:

Miami Beach: Tops the list with 98 closings ranging from $102,500 to $16,000,000
North Miami Beach – Second with 86 closings ranging from $25,589 to $1,240,000
North Miami – Third with 59 closings ranging from $28,599 to $1,060,000
Hallandale – Fourth with 45 closings ranging from $36,000 to $1,425,000
Surfside – Fifth with 22 closings ranging from $271,000 to $550,000.
Aventura – Sixth with 18 closings ranging from $160,000 to $2,300,000
Hollywood East – Seventh with 14 closings ranging from $44,600 to $1,840,000
Sunny Isles Beach – Eighth with 9 closings ranging from $325,000 to $2,400,000
Bay Harbor Islands – Ninth with 3 closings ranging from $421,000 to $620,000
Bal Harbour – Tenth with 2 closings ranging from $2,800,000 to $3,000,000

Our next blog will features summaries of condo sales this year in the same areas.

The Golan Team specializes in waterfront property or homes and condos close to the Ocean from Miami Beach to Hollywood. If you are interested in purchasing a home please contact us with your wishlist at info@golanteam,com or call us at 786-271-1235.

Miami Beach La Gorce Island – 2 ultra-luxury sales in the past 2 days!!!

LA GORCE ISLAND - 2 ULTRA LUXURIOUS SALES IN THE PAST TWO DAYS!!!

Last week, The Golan Team in our blog, covered the sales of uber luxurious condos in the last 60 days. Today we are covering the sales of the two luxury property sales on Miami Beach. They both closed in the last couple of days. The first is the highest recorded sale since the sale of Shaquille O’Neals pad

A German businessman has just purchased this magnificent custom built 10 bedroom 12 bath waterfront on the super private and gated La Gorce Island. La Gorce Island is located at the northern tip of North Bay Road in Miami Beach and is home to many celebrities, business tycoons and musicians.

To see more pictures of this property click: 88 LA GORCE CIRCLE

The other sale which also closed Friday is also located on La Gorce Island. It was on the open bay. Remarkably in another sign that if a property is priced right and gives value to a Buyer it will sell... This property was only on the market for 6 days.

40 LA GORCE CIRCLE: This 6 bed 8.5 bath at 8,284 sf was listed at $7,900,000 and sold for $7,400,000.

To view all homes currently for sale on La Gorce Island click : LA GORCE ISLAND HOMES FOR SALE

To view all waterfront homes currently for sale on North Bay Road click: NORTH BAY ROAD HOMES FOR SALE

If you are interested in previewing any of these homes please call Eyal Golan at 786-271-1235 or drop us a note to eyal@golanteam.com

Do you currently own a home or condo and want to know its value call Debra Golan at 786-333-6200 ir drop us a note to debra@golanteam.com

Super High End Condos Sales are Up in South Florida

Even though the Federal Tax Credit ended in April 2010, South Florida home buyers still signed contracts at a great pace in May, catapulting the number of pending home sales up 54 percent in Miami-Dade and 51 percent in Broward, compared to the same month last year. This month proves again what THE GOLAN TEAM (786-271-1235) has been saying,

We are at the bottom of the curve and Buyers are jumping off the fence to grab properties before the prices and inventory are not there anymore.

The figures reflect the surge of international buyers taking advantage of low real estate prices and favorable exchange rates, as well as first-time and existing buyers benefiting from record-setting affordability conditions.


How do all these numbers translate for our local communities where The Golan Team specializes and services their clients needs in the luxury Real Estate Market:

In the past 60 days 29 condos have closed in excess of $2.5m selling price, proving the luxury condo market is healthy and strong. Of these 29 properties the uber-luxury market is extremely healthy...

9 Uber-luxurious condos have closed in the past 5 weeks!!!

Setai condo PHB in South Beach - asking price $19,999,999 (4 bed 4 bath in 6208 sf) sold for $15,500,000

Santamaria Condo 4901 in Brickell - asking $12,900,000 (3 bed 5 bath in 10,000 sf) sold for $11,000,000

One Bal Harbour PH 2108 in Bal Harbour - asking $12,000,000 (4 bed 4.5 bath in 6200 sf) sold for $8,700,000

Fontainebleau II Condo PH-NO in Miami Beach - asking $9,800,000 (5 bed 5 bath in 4500 sf) sold for $9,000,000

Apogee Condo 904 in South Beach - asking $6,850,000 (4 bed 4.5 bath in 4,154 sf) sold for $6,550,000

Apogee Condo 1801 in South Beach - asking $6,795,000 (4 bed 3 bath in 4,154 sf) sold for $5,900,000

The Ocean Club (Tower 1) Unit 501 in Key Biscayne - asking $6,250,000 (4 bed 5.5 bath in 5403 sf) sold for $5,200,000

The Ocean Club (Tower II) Unit UPH4 in Key Biscayne - asking $5,500,000 (4 bed 6 bath in 5110 sf) sold for $4,800,000

Acqualina Condo PH4601 in Sunny Isles Beach - asking price $4,799,000 (5 bed 5.5 bath in 5735 sf) sold for $4,500,000

We will cover single family homes in our next posting.

If you are interested in purchasing or selling luxury condos or homes, please contact Eyal Golan at 786-271-1235 or write to us at info@golanteam.com.

New law could cause an influx of Bulk Buyers to Miami

This week, Florida Governor Charlie Christ signed a new law into effect that significantly changes current Florida condominium statutes and may give Bulk Buyers a leg up.

First things first: What qualifies an Investor as a Bulk Buyer?

Answer - Believe it or not, according to Regulators a Bulk Buyer is any investor who owns or leases out seven units or more.

Prior to the passing of this new law, the Distressed Condominium Relief Act, deemed Bulk Buyers with the same responsibilities of Developers such as construction warranties as well as other responsibilities in association control. This new provision which will go into effect July 1, 2010 has a limited two year time window but removes the responsibilities of the Developer on the Bulk Buyer.

"Condominum law defines a developer as anyone who creates a condo, but also creates or offers units for sale or lease in the ordinary course of business," says Mark Grant, a partner at Ruden McClosky law firm in Fort Lauderdale. He helped draft the Bulk Buyer provision. "With the new law, it is very clear that a bulk buyer does not fit into the definition of a developer --- they're exempt."

The Golan Team who have been involved with and following closely Bulk Sale purchases in Miami feel this is added bonus to Bulk Buyers who have been deliberating when to enter the market. "We have spoken with Buyers who were interested in making big purchases but were very worried about the potential liabilites or future liabilities that would fall on their shoulders if they were to burden the responsibility of the Developer" says Debra Golan, Managing Partner of The Golan Team, Keller Williams Realty. She continues, "Our Buyers were willing to pay for the units and manage the responsibility of holding, leasing and reselling of those units but did not want to be part of the running of the building or association." Another benefit to the new law is that Bulk Buyers no longer have to budget for possible litigation.

Two other major provisions of the new law include:

a) A provision that doubles the amount of condo assesments that Lenders will have to pay when they take title to in foreclosure, from six months to 12 months. Payments to condo associations have been one reason that some Banks have been relunctant to foreclose on condo units.

b) A provision that now Condo associations can suspend uses of common area facilities when owners fail to pay their assessments.

Golden Beach gets $25 million makeover

Last week we (The Golan Team - 786-271-1235) were working with a Buyer that asked us about property in Golden Beach. He referred to the area as the Malibu of the East Coast. What a true statement!

Golden Beach is a small private oceanfront community of just 374 homes and lots. There are no multifamily buildings, no commercial enterprises and the number of residents are just over 900. This city which has its own police force and mayor has always been a magnet for the incredibly rich and famous. It has boasted such past celebrity residents as Eric Clapton and more recently Ricky Martin who paid $16.25 million for his oceanfront residence in 2007.

So what did they spend the $25m on?

Originally this almost 2 mile long city had no sidewalks on Ocean Blvd (A1A) so the city has now installed sidewalks, cleaned up the ragged street edges, planted fancy palms in the median of the street, installed fountains at both ends of the city and built parks as well a complete renovation to the Beach pavilion. The most ambitious project of all is that they spent $6.4m to replace to bury every pipe and electrical utility under ground in waterproof conduits which now include cable, power and power lines. thus rendering all power storm proof. (This has only ever been done in one other city - Jupiter Island). This process took three years to complete. It came about after years of residents complaining that after a storm they would have to wade through ankle-deep water to get into their $10m+ residences.

To protect the privacy of their oceanfront residents, the City is also installing new infrared cameras and motion detectors along the shore. According to long legal convention the homes on the oceanside also have the private rights to the Beach (the water though is public so if you stroll along Golden Beach make sure you keep your feet wet!!!). This has come about due to the paparazzi that hung around the beach behind Ricky Martin's House perhaps to get a glimpse or two at his new twins and snap a photo or two for the tabloids!

Golden Beach is one of the wealthiest enclaves in Miami -Dade County. Except for a small section (2 blocks) in mid-Miami Beach there are no other single family homes directly fronting the beach with private sand. The average homeowner pays $95,000 in annual property taxes. It is made up of an almost 2 mile stretch along the ocean and three man-made islands fronting the Intracoastal. Most homes in the community are waterfront with boat docks.

The town financed the project by agressively going after State Grants, collecting a $4 million Federal Emergency Management Agency (FEMA) grant after suffering extensive storm damage as well as enacting spending cuts as well as a $14 million bond issue. The residents and owners were not assessed anything for the renovation.

"We've come up with a great little machine here," says three term Mayor Glenn Singer. "It did not cost taxpayers an extra penny, and we're right on time and under budget."

The Mayor feels that the city of Golden Beach is already feeling the benefit of the changes. There are currently 13 homes under construction or renovation in spite of the current recession.

Current Golden Beach Listings:

There are 68 homes/homesites for sale in Golden Beach. They range in price for a 1600+ sf 2 bed home asking $499,900 to a double lot fronting 250 feet of the ocean asking $19,950,000

To see all listings click here and use the arrows on the top left to scroll between the listings

For Sale click: Golden Beach listings for Sale

There are currently 28 properties in Golden Beach for rent ranging in price from $299/mth - $50,000/mth. To view these listings -

For Rent click: Golden Beach listings for Rent

If you want to schedule an appointment to view any of these properties please call us at 786-271-1235 or drop us a note to info@golanteam.com

South Florida home sales and prices on the RISE!!!

It is truly a pleasure when we can quote a newspaper on positive news on the South Florida Real Estate market. Such is today’s story in The Miami Herald.

Entitled : South Florida home sales – and prices – rise .. Home sales and prices increased in April compared to the year before – a possible sign of stability in a long-shaky real estate market.

You can read the full article here: MIAMI HERALD - HOME SALES UP

Here are the key points:

1) Median sale price of existing homes in Miami-Dade County (up 8%) and Broward county (up 7%) increased compared with last April (2009).

2) The number of Home sales also crept up – Miami Dade County up 7% and Broward County up 11%. This was mainly fueled by bargains on troubled properties, low mortgage rates and a deadline for thousands of dollars in tax credits.

3) Condo Sales also had huge numbers over last year. In Miami Dade County 723 units were sold which represents a 33% increase over the same period last year. In Broward County number of condos sold topped at 1,077 – an increase of 30% over April 2009.

Let’s hope this trend continues and we see successful increases in number of properties sold as well as increases in prices.

If you are interested in purchasing property from South Beach to Bal Harbour, Sunny Isles Beach, Aventura, Hallandale or Hollywood please contact The Golan Team at 786-271-1235 or drop us an email to info@golanteam.com

Trump Towers, Sunny Isles Beach, Florida, 33160 – Sales Exceed $100,000,000

The most frequently asked question we at The Golan Team (786-271-1235) as well as we can guestimate most practicing Realtors are asked is, "Are things Selling?"

The answer is most astoundingly YES!!!

But YES - only at the right price.

Take in point TRUMP TOWERS, Sunny Isles Beach - this luxurious 3 building Oceanfront complex on the Southern end of Sunny Isles Beach almost stalled in sales a year and a half to two years ago when the Developers and their Sales Team were asking around $700+/ft. Those Buyers that had bought Pre-Construction were either walking away from their deposits or renegotiating their purchase prices in order to close. At the same time you had the Banks/Lenders breathing down the necks of the Developers to for repayment on their loans. The Developers started courting the Bulk Buyers. All in all only 157 units had sold out of a possible 813 units had sold. The Buyers started looking for better deals. Inventory was at an all time high. Fast forward 18 months to now, and the situation is clearly different.

The Dezers (Developer Michael Dezer and his son Gil) recently assumed a $265 million loan from a Development Partnership that included the Related Group with Wells Fargo serving as agent for a syndicate of 11 participating financial institutions. The project's three towers (each consisting of 271 units) have a combined 475 units left to sell. The have been 181 sold this year in price ranging from $550,000 - $1.9 million. The average price/ft is now at $414/ft with some units selling as low as $350/ft and others that have been decorated closing near $600/ft. This significant lowering of the price/ft have allowed the Dezers to surpass the $100 million mark in sales to date.

"We are confident our adjusted pricing is what has driven beyond expected results," says Gil Dezer president of Dezer Properties in an interview to Businessweek. "The ability to purchase a unit in a building as prestigious as Trump Towers for $350- $650/ft has generated unprecented response from a broad range of local, national and international Buyers."

He continues, "We have always felt that prime oceanfront property would be a signal of the strength of the recovery, as these types of units are so much of South Florida's appeal...""... and while the residential real estate market clearly has a ways to go to reach full recovery, these initial results have been very encouraging about the state of our industry, at least in Sunny Isles Beach."

At these prices, both end users, 2nd home vacation purchasers and investors are able to rejoin the marketplace and purchase oceanfront property.

If you would like us to send you floorplans of Trump Towers - send us your details to info@golanteam.com SUBJECT - Trump Tower Floorplans.

If you would like to schedule an appointment to view the property in person call us at 786-271-1235.

South East Florida free foreclosure property list - Fisher Island Tops Weekly Foreclosure List

South East Florida free foreclosure property list

The Golan Team (786-333-6200) synonymous with the sales of Luxury Waterfront Condos recently launched a dedicated foreclosure site at www.southfloridaluxuryforeclosures.com. This site instantly proved as a huge success as many people signed up to receive a free weekly foreclosure list of all luxury properties in Dade and Broward county that are now owned by the Bank or Lender.

Many people think that Foreclosures only exist in the lower end market but this is as far from the truth as it can be. This downturn in the market has hit everyone. Look what tops this week’s Foreclosure list.

Fisher Island 4 Bed Foreclosure (Fisher Island Foreclosure)

This 4000+ sf 4 bed 4.5 bath condo is located on what is deemed as one of the most exclusive addresses in South Florida if not the country. Fisher Island is a private island that is not even accessible by car!!! Residents must take a ferry to and from their residences to the mainland (South Beach/Miami Beach). To live here is not for the faint hearted. Besides the enormous monthly charges (here it is $5,409/quarter) there is a mandatory joining of the Golf and Country Club (try a $250,000 fee) , Property taxes in excess of $56,000 annually as well as other incidentals such as electricity, phone etc. Though this may seem a very steep carrying cost for some, this unit is a relative “Super Bargain” for Fisher Island. Just recently the same unit was asking $3.2m and back in 2008 it featured a price tag over $4m!!!!

This week there were 24 luxury condos that came on the market as Foreclosures and there were 10 new Foreclosed homes that hit the market .

Here are the condos

New Condo Foreclosures Week of May 17

Here are the homes

New Home Foreclosures Week of May 17

If you would like to subscribe to our free weekly Foreclosure list please click here and submit your information

http://www.southfloridaluxuryforeclosures.com/

For general questions please email us to info@golanteam.com

SUNNY ISLES BEACH TO BECOME HOME TO MAJOR ATTRACTION

The Golan Team (786-271-1235) who have sold many oceanfront condos in Sunny Isles Beach and have watched this magnificent oceanfront City rise from two story motels to soaring 50+ story condominium sky scrapers will now enjoy watching a new kind of construction.

The City of Sunny Isles Beach has agreed to move ahead on a five story 100,000 square foot aquatic center tied to the Miami Seaquarium.

"It's an outstanding project to have in our city, to be able to have that sort of national-type of attraction," said Mayor Norman S. Edelcup.

The location of the new Seaquarium will be across from the St Tropez on Sunny Isles Blvd West (163rd Collins crossroad). The center will be built and funded by Arthur Hertz, chairman and CEO of Wometco Enterprises Inc. and owner/operator of the Seaquarium on Virginia Key, and Eduardo Castiñeira, president and CEO of Axioma3Architects. The Wometco Aquatic Center is to include a garage, restaurants, shops, two banquet halls and three-story aquarium where stingrays may be petted. The garage is to handle 140 to 150 cars and banquet halls are to accommodate 1,000.

The public-private partnership would make the city landlord to Wometco, which would fund construction. Project cost was not discussed, Mr. Edelcup said, but he's "sure it's a significant number." Currently the site has a small shopping plaza, which the City owns. The City does not plan on renewing the leases of the current Tenants to make way for this project.

The project is just in the design phase. It is due to be completed in 2013. As construction progresses, we will keep you updated with photos and comments.

This project fits in perfectly with the City's comprehensive plan for that area as it is pedestrian-friendly, is an educational process, family-oriented, includes banquet halls and is unique in South Florida.

For more more information on buying or selling opportunities in Sunny Isles Beach contact the Golan Team at 786-271-1235 or drop us an email at info@golanteam.com .

First Time Homebuyer Credit - The Golan Team (786-271-1235) shows you how to take advantage of it

This week The Golan Team (786-271-1235) worked with two First Time Homebuyers. They had a lot of questions regarding the first time homebuyer credit that is due to expire on April 30, 2010.

We thought if Buyers we are working with have these questions so to must a lot of Buyers out there.

Here is a terrific website that we hope will answer all your questions.

http://www.federalhousingtaxcredit.com/

Industry insiders are suggesting that the Home Buyer Tax Incentives will not be extended again when they expire at the end of April.

Remember that this credit not only applies to First Time Buyers but also for current owners if you meet certain guidelines.

If we can help you on your property search in Aventura, Sunny Isles Beach, Bal Harbour, Bay Harbor Islands. Surfside, Miami Beach, Hallandale or Hollywood area please do not hesitate to contact us at 786-271-1235, visit us on the web at http://www.golanteam.com/ or shoot us an email to info@golanteam.com

RELATED GROUP PULLS OUT OF TRUMP TOWERS IN SUNNY ISLES BEACH, FLORIDA

Related Group, one of the most prominent condo developers in South Florida has ended its relationship with the Dezer family and their project of Trump Towers located by the ocean between 158-160th Street and Collins Avenue.

Related Group and Jorge Perez at its helm helped shape the oceanfront skyline in Sunny Isles Beach when in 2001 they opened Ocean One at the Northern tip of Sunny Isles Beach followed shortly by Ocean Two, Ocean III and lastly Ocean IV. They joined forces with Michael and Gil Dezer who own a lot of the oceanfront land in the area and developed three more towers at the Southern end of Sunny Isles Beach which they called Trump Tower I, Trump Tower II and Trump Tower III. Each tower consists of 271 units and is 45 stories high. Units range from 1463-2928 sf under air and are 2-3 bedrooms. All feature Ocean or Intracoastal views (or both). The complex has 4 pools in total, spa and gym in every building and a restaurant in Trump Tower II services all three towers.

Related had a 50% share in TRG Sunny Isles VII, the company behind the oceanfront project, until Jan. 13 2010 when the Dezers took full control, according to the Florida Division of Corporations. In 2007, TRG Sunny Isles obtained a $345.7-million construction loan from Wachovia Bank, now owned by Wells Fargo. On Dec. 31, Wachovia modified the loan and extended its maturity date. A mortgage filed with Miami-Dade County did not disclose the due date.

Of the three Trump Towers, one tower is almost sold out, another has a substantial amount of units sold, and the third is vacant. The unit prices have dropped nearly 40% since pre-sales started five years ago and are now selling between $350-$400/ft. Original pricing was set at $650-$750/ft The units are delivered decorator ready (purchasers need to finish flooring, paint, install closet systems and window treatments).

"We have no comment other than to confirm we have satisfied The Related Group's lender obligations, and we have sold the two projects (Trump II and Trump III at Sunny Isles) to former partners in these developments," Betsy McCoy, Related's vice president and associate general counsel, said in an e-mail to the Daily Business Review

Related Group has been responsible for building over 50,000 units in South Florida. Most

notably they built Ocean I, II, III, IV in Sunny Isles Beach, Murano at Portofino, Icon South Beach and Apogee in Miami Beach, Icon Brickell (a project of 1500 condos that is also under financial stress and the Developer is currently negotiating to hand over the project to the Lenders on condition they can still continue to manage), 50 Biscayne, 900 Brickell, Loft Downtown in Miami, Beach Club I, II, III in Hallandale Beach and Trump Hollywood in Hollywood Beach.

Perez's personal net worth has also declined. He was ranked at No. 197 on the Forbes 400 list of the wealthiest people in 2006, when his net worth was estimated at $1.8 billion. Last year, he fell off the list when his net worth dipped below $900 million, according to Forbes.

All this overbuilding during the high. has left phenomenal Buying Opportunities available today.

Click info@golanteam.com to request an email of all available floorplans at Trump Towers or to send us an email so we can discuss the best pricing opportunities available for you. You can also reach us by phone to 786-271-1235.

Aventura Mall gets new competition with the Opening of the Village at Gulfstream Park

On Thursday February 11, 2010 the long anticipated opening of the Village at Gulfstream Park will fill the day with festivities and specials. Located just north of Aventura at the beginning of Hallandale Beach and US-1 is the planned project of Gulfstream Park. What originally began as a racetrack has evolved into a casino, shops and will eventually house 70+ restaurants. It will be a true mecca destination and the Developers have spent in excess of $245 million to build this palm filled outdoor mall that will feature nightclubs, restaurants, shops and of course a casino and their world famous Horse Racing course.

A ribbon cutting ceremony starts the day off at 10 am and all day there will be grand opening celebrations including a Latin infused carnival with music and parade at 6:30 p.m.

For a full list of stores and facilities click here: Gulfstream Directory

The Developers of this project are Forest City Enterprises and Magna Entertainment Corp. (MEC). They entered into a joint venture partnership agreement concerning the planned development of The Village at Gulfstream Park. Under the agreement with MEC, Forest City will manage the development of The Village at Gulfstream Park, secure financing for the project and act as the property manager. Each of Forest City and MEC will hold a 50% interest in the joint venture, which will lease the land underlying the retail project on a long-term basis from MEC. The total project size is 1,000,000 square feet and will feature a total of 750,000 square feet of retail space that will be built in phases. This phase consists of 410,000 sf of retail. There are also plans for 1500 residential units to be built and a 310,000 sf club house, 140,000 sf of office space and when completed the entire complex will have 7000 parking spaces.

If you have any questions or would like property information contact the Golan Team at 786-271-1235 or send us an email to info@golanteam.com

Turnberry Isle Condo 2 Bed 2 bath Aventura FL

The Golan Team (786-271-1235) proudly presents this wonderful well priced two bed two bath at Turnberry, in Aventura FL. Priced to sell at $379,000, this residence is located on the 7th floor with direct east views. Enjoy magnificent views of the Intracoastal, Golden Beach and the Atlantic Ocean.

This spacious 2 bed in almost 1700 sf and features a huge master suite with two walk in closets, large master bath and unlimited water views.

Check out the view



Even from the interior of the unit you can enjoy this stunning water views day or night.

Enjoy building ammenities such as movie theater, state of the art gym, party and card rooms, board room, swimming pool, cafe & more. To view more details on this listing click TURNBERRY NORTH 7F


Turnberry Isle is one of the original gated Intracoastal communities in Aventura. Conveniently located across from the 300 acre Fairmont Turnberry Golf Course, minutes from Aventura Mall and minutes from the Beach, this complex consists of 4 buildings and offers value, service, privacy and large and spacious residences. It is conveniently located within walking distances to Houses of Worship (Safra Synagogue, Young Israel, and others).

Units range from 1 bedroom to 4 bedroom with Intracoastal, Ocean and golf views.
To see current listings in all the buildings click below

Turnberry Isle North Tower

Turnberry Isle South Tower

Turnberry Isle Marina Tower

Turnberry Isle Towers

If you are interested in this property or any other in Aventura, Sunny Isles Beach, Bal Harbour, Miami Beach, Golden Beach, Hallandale or Hollywood send us an email to info@golanteam.com or call us at 786-271-1235.