Miami's DNA Monthly Digest Volume 1

Page 1

MIAMI MIAMI'S DNA

HLY DIGEST

MARKET STATS & HOME VALUES

FLASK & FORK

PROPERTY SPOTLIGHT FORMULA 1 & MORE

VOL. 01
INDEX MIAMI'S DNA TABLE OF CONTENTS Editor's Note 01 Market stats 02-05 Miami Home values 10-15 Feb. Contracts signed 06-09 Miami events 30-31 New Developments spotlight 32-35 24-27 WWW THEAPTTEAM COM Leao Branco Design SoFa So Good To Miami A love letter 20-23 The Miami Slice Fork & Flask 18-19 Property spotlight 36-39 Fast Track 26-27 Brightline at 130MPH Formula 1 Coconut Grove THEAPTTEAM Good life 40-43 Oxyzen Yachting 44-47
Welcome to The Miami's DNA Monthly, a fun & insightful digest on all things Miami. Read about what and who defines Miami, catch up on everything from market news to Sunday markets, learn what’s selling and what is buzzing and so much more. Let's decode Miami’s DNA together. Send us your ideas, what you would like to see on the next issue and what you rather not. Adriana Pinto-Torres
THE APT TEAM AT DOUGLAS ELLIMAN 1111 Lincoln rd , #805 Miami Beach, FL 33139 786.493.1388 | 786.214.0099 adriana@theaptteam com | tracy@theaptteam com www theaptteam com
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& Tracy Ferrer
Adriana Pinto-Torres Tracy Ferrer

MARKET STATS

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03 2 0 2 3 THEAPTTEAM COM Market activity report done with RPR Realtor's Property Resource with MLS and CIE data $1 02M Updated 3 | 15| 2023 2023 2022 SINGLE-FAMILY HOME FEB 2023 VS FEB 2022 Closed sales % Paid in Cash Median Sales Price Dollar Volume Median time to sales Active Inventory Months supply of inventory 727 26% $555,000 $706,177,266 85 3,617 3.8 1,007 27.5% $536,000 $964,361,606 73 2,212 1.7 % CHANGE -27.8% -5.5% 3.5% -26.8% 16.4% 63.5% 123.5% Stats Feb.2023 vs Feb 2022 LEARN MORE
2 0 2 3 THEAPTTEAM.COM Market activity report done with RPR Realtor's Property Resource with MLS and CIE data $1 02M Updated 3 | 15| 2023 2023 2022 CONDOS & TOWNHOMES FEB 2023 VS FEB 2022 Closed sales % Paid in Cash Median Sales Price Dollar Volume Median time to sales Active Inventory Months supply of inventory 965 55.9% $390,000 $706,177,266 85 3,617 3.8 1,807 53% $380,000 $964,361,606 73 2,212 1.7 % CHANGE -46.6% 2.6% 3.5 -49.5% 1.2% 26.4% 73.1% Stats Feb.2023 vs Feb 2022 LEARN MORE 04
05 2 0 2 3 THEAPTTEAM COM Market activity report done with RPR Realtor's Property Resource with MLS and CIE data $1 02M Updated 3 | 15| 2023 Stats Feb.2023 vs Feb 2022 LEARN MORE

Stats | report prepared by MIller Samuel Real Estate Appraisers & Consultants

06 2 0 2 3 THEAPTTEAM COM F e b r u a r y Single-family New signed contracts
MORE
LEARN

Stats | report prepared by MIller Samuel Real Estate Appraisers & Consultants

07 2 0 2 3 THEAPTTEAM COM F e b r u a r y Single-family New signed contracts
LEARN MORE

Stats | report prepared by MIller Samuel Real Estate Appraisers & Consultants LEARN

08 2 0 2 3 THEAPTTEAM COM F e b r u a r y Condos New signed contracts
MORE

Stats | report prepared by MIller Samuel Real Estate Appraisers & Consultants

09 2 0 2 3 THEAPTTEAM.COM F e b r u a r y Condos New signed contracts
LEARN MORE
$30 00 / night 10 2 0 2 3 THEAPTTEAM COM Key Biscayne $1.5M MEDIAN EST. HOME VALUE $1.5M Market activity report done with RPR Realtor's Property Resource with MLS and CIE data Fisher Island $4.55M MEDIAN EST. HOME VALUE $1 02M Updated 2 | 28 | 2023 $4.55M Home values
$30 00 / night 11 2 0 2 3 THEAPTTEAM.COM Coconut Grove $1.02M MEDIAN EST. HOME VALUE $1.02M Market activity report done with RPR Realtor's Property Resource with MLS and CIE data Coral Gables $939K MEDIAN EST. HOME VALUE $1 02M Updated 2 | 28 | 2023 $939K Home values
$30 00 / night 12 2 0 2 3 THEAPTTEAM.COM Brickell $581K MEDIAN EST. HOME VALUE $581K Market activity report done with RPR Realtor's Property Resource with MLS and CIE data Downtown $566K MEDIAN EST. HOME VALUE $1 02M Updated 2 | 28 | 2023 $566K Home values
$30 00 / night 13 2 0 2 3 THEAPTTEAM.COM Edgewater $575K MEDIAN EST. HOME VALUE $575K Market activity report done with RPR Realtor's Property Resource with MLS and CIE data Wynwood $439K MEDIAN EST. HOME VALUE $1 02M Updated 2 | 28 | 2023 $439K Home values
$30 00 / night 14 2 0 2 3 THEAPTTEAM.COM Miami Beach $471K MEDIAN EST. HOME VALUE $471K Market activity report done with RPR Realtor's Property Resource with MLS and CIE data Surfside $867K MEDIAN EST. HOME VALUE $1 02M Updated 2 | 28 | 2023 $867K Home values
$30.00 / night 15 2 0 2 3 THEAPTTEAM.COM Sunny Isles Beach $573K MEDIAN EST. HOME VALUE $573K Market activity report done with RPR Realtor's Property Resource with MLS and CIE data Aventura $519K MEDIAN EST. HOME VALUE $1 02M Updated 2 | 28 | 2023 $519K Home values

TASTE OF TIMES

Toni's Sushi opened its doors in 1987 and has yet to disappoint. It serves fresh, top notch sushi in an unpretentious setting with sunken sitting, no-frills tables and an unassuming facade In this restaurant, the food is the scene The servers are friendly, the menu is flawless, the sake is always at a pour. It is no wonder that for nearly 40 years Toni's Sushi has been satisfying the palates of even the pickiest locals

TONI'S SUSHI

MIAMI BEACH'S FIRST SUSHI RESTAURANT

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THEAPTTEAM.COM
TASTE OF TIMES 17 FORK & FLASK 1208 Washington Ave, Miami Beach FL 33139 305.673.9368 @tonissushi THEAPTTEAM.COM

MIAMI SLICE HAPPY HOUR

The Miami Slice is a citrusy, refreshing twist on the vodka sour. The grapefruit juice and honey syrup give this drink an enhanced, tropical touch The thyme garnish puts a finishing, herbal touch that balances out the sweetness of the honey. We make it at home and is always a hit.

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FORK & FLASK
THEAPTTEAM.COM

Ingredients:

2 oz. vodka

1 oz. fresh grap j

1 oz. fresh lime juice

1/2 oz. honey syrup (equal parts honey and water)

Dash of orange bitters

Club soda

Grapefruit wedge and thyme sprig, for garnish

aker with ice. grapefruit juice, lime juice, honey syrup, and orange bitters.

Shake well until chilled Strain the cocktail into a tall glass filled with ice.

Top off with club soda. Garnish with a grapefruit wedge and thyme sprig.

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THEAPTTEAM.COM
3 4 5. 6.

LEAO BRANCO DESIGN OPENED ITS DOORS IN MIAMI

High end Brazilian furniture and design store has opened its doors carving out a niche in Miami for quality Brazilian furniture at competitive prices.

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GOO
THEAPTTEAM.COM

LEAO BRANCO DESIGN

Miami, the city known for its art and design scene, has recently welcomed a new addition to its furniture and design community. Leao Branco is founded by a team of experienced designers who have a passion for unique and functional furniture pieces that elevate the aesthetics of any space

The company aims to cater to the needs of individuals, interior designers, and architects looking for high-quality, sustainable, and affordable furniture solutions.

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THEAPTTEAM.COM

LEAO BRANCO DESIGN

In addition to their furniture collection, Leao Branco also offers design consultation services, allowing customers to work with their team of expert designers to create custom-made furniture pieces that fit their unique design requirements.

The company also collaborates with architects and interior designers to create furniture pieces that integrate seamlessly into any design scheme.

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THEAPTTEAM.COM

LEAO BRANCO DESIGN

Overall, Leao Branco is a promising new addition to Miami's furniture and design community. With their emphasis on quality, sustainability, and affordability, they are well-positioned to meet the needs of both residential and commercial clients.

Whether you are looking for a single furniture piece or a complete design

954 329 6611

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@leaobrancodesign leaobranco net

A LOVE LETTER TO MIAMI

As we sit here and ponder what you are and mean to us, we are overwhelmed by gratitude From your breathtaking beaches to your dynamic culture, you have mesmerized us as you have millions. Your salty breeze, your radiant warmth enliven us Your vibrant neighborhoods and your diverse gastronomy keep all of us constantly exploring.

No wonder your nickname is the the Magic City We came here over 30 years by chance, and have stayed ever since by choice. You have us spellbound. You are truly a special place that makes everyone feel right at home. You are sexy but familiar You mean business but you are never dull.

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THEAPTTEAM.COM

You are city of many nooks and crannies, many faces and facets You are a microcosm of microcosms.

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THEAPTTEAM.COM

Miami. your landscape is bustling, a bit quirky and always evolving. You are a city of glamour and grit, of beauty and brawn, of sweets and sweats, a harmonious cacophony of sights, sounds and senses.

You have taught us to slow down when we become too hurried and have given us wings so we can take flight. But, what we probably love most about you, Miami, is your soul, your energy

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THEAPTTEAM.COM

Your fierceness is unparalleled. You are a beacon that shines brightly with hope, opportunity and the promise of tomorrow with the merriment of today. We may have come to your doorstep as stranger, but you have welcomed us home. As such, our treasured Miami, we promise to nurture you, cherish you and love you always

P.S. If we can only solve the traffic issue that will be icing on the cake.

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THEAPTTEAM COM

FAST TRACK

AT 130 MPH, BRIGHTLINE MADE HISTORY IN FLORIDA

During its testing runs to open Orlando, Brightline clocked 130 miles per hour to become the fastest train in South Eastern United States and in Florida

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FLORIDA CONNECTED

Brightline broke the record on the stretch from Orlando International Airport and Cocoa, Florida on March 13th, becoming the fastest train in the region. The route to connect South Florida to Orlando is about 90% complete, pending maximum speed and further safety tests. Once transporting passengers, Brightline trains will travel at 2 miles per minute or 125 mph, except on the Orlando Airport-Cocoa stretch on which trains will reduce to 110 mph Traveling from Miami to Orlando on Brightline will be about half-an hour less than by car

Brightline is a high-speed passenger rail service that operates in Florida. It is currently the only privately owned and operated intercity passenger rail system in the country. It connects the cities of Miami, Aventura, Fort Lauderdale, Boca Raton and West Palm Beach It will soon connect to Orlando with the Phase II expansion, with plans to serve other cities in Florida and beyond

In addition to its passenger rail service, Brightline has also launched "Brightline Trains & Real Estate" which aims to develop mixed-use real estate projects around its train stations. These developments will include residential, commercial, and retail spaces, making use of the valuable real estate around the stations

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FAST & FURIOUS

SOME TOP HAPPENINGS IN SPRING

1

3 /24 - 3/26 4/20 - 4/23

2

Beach Polo World Cup Ultra Music Festival

The annual electronic festival returned on March 25 and vibrated until March 26th. Some of the biggest names in the electronic music industry performed across multiple stages with immersive art installations & cutting-edge technology

Back on the sands of Miami Beach with 3 days of world class polo matches with teams around the world competing for the prestigious title. It has also become a social and cultural event, attracting celebrities and VIPs from around the world

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EVENTS
Photo source: miamipoloclub

EVENTS

SOME TOP HAPPENINGS IN SPRING

Formula 1 3

5/04 - 5/07

Formula 1 Grand Prix returns to Miami from May 5-7 with the much anticipated star-studded pop up Carbone Beach event beginning on May 4th. Expect globetrotting

die hard racing fans

r engines

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NEW DEVELOPMENT SPOTLIGHT

Edition Residences

As the first and only private EDITION residences in the world, these residences reinvent the modern home with thoughtfully curated spaces and personalized service for a dynamic, elegant lifestyle.

The Residences will feature 185 bespoke homes showcased in a sleek 55-story waterfront glass tower designed by visionary architect Bernardo Fort-Brescia, founder of Arquitectonica, with acclaimed interiors by Studio Munge led by Alessandro Munge.

The tower’s impeccably finished residences will range from one-bedroom-plus-den to four-bedroom floorplans measuring between 1,952 and 3,864 square feet in size, priced from $1.9 million to over $8 million. Every residence will showcase a private foyer and elevator entry, superior finishes and fixtures, floor-to-ceiling glass windows and doors, between 10- and 14-foot-high ceilings, and custom Europeanstyle cabinetry. Designed for indoor-outdoor living, spacious terraces will boast unobstructed views of Biscayne Bay, the Atlantic Ocean, Downtown Miami and the Miami Beach skyline. Starting

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at
EDGEWATER Prices and availability subject tp change without notice
$1.9M LEARN MORE

BAY HARBOUR ISLANDS

NEW DEVELOPMENT SPOTLIGHT

THE WELL BAY HARBOUR

Wellness has a new address

Tucked away on Bay Harbor Islands and perfectly removed from the hurried pace of Miami, THE WELL Bay Harbor Islands is the first of its kind.

The WELL Residences include 54 bespoke condominiums and over 22,000 square feet of amenities, including a state-of-the-art fitness and wellness center. THE WELL Bay Harbor Islands is designed to put wellness at the center of your life, creating the time and space to disconnect, slow down and refocus on what matters most: your wellbeing

Amenities include, membership to THE WELL Bay Harbor Islands, holistic wellness and fitness center offering an extensive menu of treatments and experiences for the mind, body, Local CSA delivery for fresh, organic produce, fish and meats, swimming pool and hot tub with private cabanas, chaises and a summer kitchen and more.

LEARN MORE

Starting at $1.3M

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and availability subject tp change without notice
Prices

NEW DEVELOPMENT SPOTLIGHT

The Perigon

The Perigon is a serene, private enclave. Cascading to almost 200-feet of shoreline on both sides of the property, The Perigon claims views that stretch both the eastern and western horizons, with the Miami Beach cityscape in between..

The Perigon holds 73 impeccably designed residences within its rippling glass towers. In addition to large terraces, each residence offers two to four bedrooms, flow-through living and dining areas, a professional kitchen, and stunning views from the moment you step inside. Each residence boasts its own private elevator entrance from which airy, open living areas flow towards the all-encompassing views. These panoramas – whether the endless blue of the Atlantic or the coast-fringed azure waters of Biscayne Bay

are framed by 10-foot-high ceilings, floor-to-ceiling windows, and expansive private terraces.

Offering all the seclusion of a remote island paradise in the heart of Miami Beach, The Perigon will offer world class amenities including the only resident Michelin star restaurant in the Miami, helmed by Chef Hergaatt.

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Starting at $5M LEARN MORE
BEACH Prices and availability subject tp change without notice
MIAMI

NEW DEVELOPMENT SPOTLIGHT

Shell Bay by Auberge

The residences at Shell Bay by Auberge Resorts Collection. With careful attention to detail, unparalleled service and resort-style amenities, this is a curated enclave for a new kind of elite living

Rising 20 stories, Shell Bay offers 108 exquisite residences with a variety of floor plans, and oneto four-bedroom bespoke residences with views over the Greg Norman-designed championship golf course. The amenities at Shell Bay offer all the signature touches of Auberge Resorts Collection's luxury properties worldwide and offer opportunities for both athletic and recreational pursuits. With sport and wellness offerings conceptualized by world-renowned experts and athletes.

With interiors by AvroKO, The Residnece at Shell Bay feature a variety of floor plans ranging from 1-4 bedroom bespoke residences and expansive views over the Greg Norman designed Championship Golf Course. They feature open concept layouts

Starting at $3M

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MORE
LEARN
properties
and availability subject tp change without notice
Hallandale Beach More
Prices

PROPERTY SPOTLIGHT

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Overlooking the prized sands of South of Fifth, #3401 welcomes you home to endless ocean views, 5 star amenities and lifestyle second to none Offered $13,250,000
LEARN MORE
Continuum North #3401

PROPERTY SPOTLIGHT

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Magnificent architecture and spectacular views pared with effortless living make One Park Grove #14D the jewel of Coconut Grove Offered at $7,500,000.
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One Park Grove #14D

PROPERTY SPOTLIGHT

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This beautifully renovated, two story 4 bed single-family home with vaulted ceilings, is located on a rare, massive lot of nearly an acre Offered at $1,998,000.
LEARN MORE
8250 SW 187th St

PROPERTY SPOTLIGHT

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TThis 2 bed, corner sub-penthouse in Park Grove's Club Residence boasts floor-to-ceiling windows, high-end finishes, great amenities For rent at $11.5K/month.
LEARN MORE
Park Grove #2205

LEASE THE GOOD LIFE

OXYZEN YACHTING

With its exceptional amenities, stunning options, and impeccable service, Oxyzen Yachting might the perfect way to escape the stresses of everyday life and enjoy a truly unforgettable vacation.

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THEAPTTEAM COM

Oxyzen Yachting

If you are planning to cruise the Mediterranean or the Greek Isles this summer, Oxygen Yachting might your answer. They provide bespoke services aboard some of the most luxurious fleet you can find.

Their crew is made up of highly trained professionals who are experienced in providing the highest level of service, including a captain, a chef, a stewardess, and other staff members, depending on the size of the yacht and the needs of the guests. The crew is dedicated to ensuring that every aspect of the charter is flawless, from the food and drinks to the entertainment and activities

Guests can expect to enjoy a wide range of amenities and activities on a high-end, super luxury yacht charter These may include water sports such as jet skiing, snorkeling, and scuba diving, as well as onboard spa treatments, gourmet dining, and even private concerts or other entertainment

The yacht may also have a helicopter pad, allowing guests to easily access nearby destinations or take scenic helicopter tours of the area.

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oxyzenyachting

OXYZEN YACHTING

"Expert on tailor-made superyacht charters, sales and management".

VACATION
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VACATION +49.172 930.7023 oxyzenyachting oxyzenyachting.com 43 OXYZEN YACHTING

COCONUT GROVE

Coconut Grove (The Grove) is an idyllic neighborhood in the constantly moving and dynamic cosmopolitan city of Miami Founded in 1873, it is the heart of Miami and its oldest neighborhood. It grew authentically and maint a charm found nowhere else. It is a bayfront cit within a city that is both upscale and casual. W also adds to appeal of The Grove is its high walkability factor. You can enjoy your Sunday b foot or walk into a bookstore any given day (ye there are bookstores around and yes you will fin them in the Grove) Today, the Grove is one of most desirable communities in South Florida

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COCONUT GROVE

Swaying palm trees line the charming streets and historic buildings are draped in lush green ivy. When Coconut Grove’s natural beauty is combined with the presence of one of the most stunning bays in the States, it becomes easy to see why people are flocking to this laid-back suburb.

Marvel the neighborhood, enjoy all offerings and accomplish even the basics of daily living within minutes. Restaurants, unique shops, watering holes, chic stores and hotel bars are within a stone's throw. Its spectacular landscape also features great bike paths and cycling routes along South Bayshore Dr. through Ingraham Highway and other streets.

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COCONUT GROVE

Some of the nation’s best schools like Ransom Everglades, Saint Stephen's Episcopal Day and Carrollton School of the Sacred Heart are located in the Grove. And, if you didn’t know, G.W. Carver Middle School is the only public middle school recognized by the European nations of Germany, Italy, Spain and France.

Coconut Grove’s commercial sector has also been undergoing a transformation in the past several years to meet the growing demands of its residents with Class A office buildings, the revitalization of Cocowalk and the addition of Regatta Harbour amomg other wonderful developments.

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COCONUT GROVE

Coconut Grove has stayed true to the spirit of its inception, and though it’s blossomed into one of the most desirable communities in Miami, its rich cultural heritage has allowed it to maintain a vibrant, laidback personality

The residential architecture in Coconut Grove is varied, though the neighborhood itself has an iconic style whose elements echo throughout the streets. Modern and contemporary lines and sleek design elements meld with open floor plans, an emphasis on natural materials, glass walls that let owners relish in the sunlight, and the undeniable vibrancy that inhabits all of South Florida.

LEARN MORE & FIND YOUR HOME

NEIGHBORHOOD THEAPTTEAM.COM
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Coconut Grove has enjoyed record breaking sales including the $107M sale of Adrienne Arscht's estate to Ken Griffin.

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