Another one of those “generalized” Miami Real Estate market reports that really good for getting only an overall impression of the housing market.  Real Estate is LOCAL!! Yes….I say it over and over and over again.  But these stats are positive and are proof of an improving market, hence the reason I share them.

As per REALTOR.com, Florida was the #20 most searched market in the country in April 2012.

• Median list prices for homes in Miami, FL hit $275,000 in April 2012, a 15.06% increase from one year ago this month, and 2.23% increase from March 2012.  The national median list price in April 2012 was $191,211, a -0.35% decrease compared to April 2011.

• Active for sale inventory of homes in Miami, FL in April 2012 leveled out at 11,553, a -35.94% decrease compared to April 2011. National inventory counts for April 2012 were 1,840,803, a -18.85% decrease as compared to a year ago.

• The median age of inventory in Miami, FL in April was 76 days, a 1.33% increase compared to March 2012.  Nationally, the median age of inventory was 84 days, a -5.62% decrease compared to March.

So how does Realtor.com arrive at these numbers?

Each month, Realtor.com surveys up to 250 Metro Service Areas (MSA) throughout the nation and monitors real estate trends including consumer search behavior, median list prices on for sale homes, active inventory counts and median age of inventory. The information is released to local markets to help consumers and real estate professionals as they work together to successfully navigate their local market.

Thanks to REALTOR.com for providing these stats for us.

Related Articles:

April 2012 Miami Real Estate Search Porn by Realtor.com originally appeared on Miamism on May 16, 2012.

We are being approached with this question constantly – Why didn’t my Miami Beach home sell? The answer comes in 3 parts and as many times as you may have seen and read these answers, you have to be objective and answer the questions honestly.

The answers are: Pricing, Condition and Marketing

Plain and simple…..ok, maybe not that simple but I’ll explain each in detail

My Miami house did not sell because of price

You will instinctly think that your house is better than all the others on the market. You will think that your house will sell quicker and will attract more buyers – It’s natural, you love your house and think others will love it just as much…..but this may not always be the case.

To be able to price your house appropriately you will need to know the current real estate market, know the inventory and the condition of other similar homes, you will need to be objective and be able to disconnect from all the emotional factors that define your “home”. This will implicate being able to recognize what upgrades are marketable and have value to a buyer as well as what factors can be detrimental to a sale.

Hiring a Miami Beach Realtor that is proficient in your area is key to pricing your home. We also see a lot of sellers that want to “test” the market by pricing a little higher than recommended (this is ultimately your call, but you may find yourself either selling for a lot less in the long run, or chasing the market down). Also read:

• Miami Home Sellers to the race: ready, set ….go!

Team Miamism recognizes certain triggers which mean a price reduction is warranted – if we see no showings in a week and we receive no offers in 3 weeks, it’s time to rethink that pricing strategy.

If you are brave, also read this article (warning: not for the weak)

• Home Sellers Can’t Handle The Truth

My Miami house did not sell because of its condition

Time to put on your objective glasses here Miami real estate sellers! your house is not the prettiest, that gold-leaf bar in the middle of your living room is hideous! and you should have hired a decorator instead of experimenting with your discerning design expertise!

The condition of your home is something that you CAN control. You see those HGTV shows all the time and see how an easy fix can do the trick. There are plenty of professionals that can help and won’t cost a fortune and that may mean selling your house quickly and for more money!

Team Miamism sells a lot of estate homes that need work and are full of old furniture and outdated finishes. Sometimes it’s as easy as emptying the house, painting a couple of walls, removing old rugs and buyers will see a different house.

I have written so many things about this very thing, so I will not bore you will the same information over and over again – you can read these articles:

• To smell or not to sell…..that is the question

• When are Holiday Decorations too much?
• First Impressions in Real Estate
• Why isn’t your Miami home selling?
• Staging is useless – why you should never stage your Miami home before you sell

My Miami house did not sell because of marketing

Make sure you hire a competent Miami Beach Realtor that knows the area, that is multi-faceted when it comes to marketing, includes print ads, Internet marketing and thinks outside the box when it comes to selling your home.

Yes glossy brochures are nice, but what else? If almost 90% of buyers are starting their search on-line, how sure are you that your property will be in their face EVERY SINGLE TIME!! Easier said than done though, finding a great Realtor may not be easy, but here is some help:

• Basics to sell Miami Real Estate

Internet marketing is changing every day, make sure your Realtor of choice is active in Internet Social Networks and goes out of their way to include your listing in different web portals (not just the common ones like Realtor.com and Trulia…..but European and South American Portals, different on-line publications and social networks where real estate buyers go to find homes).

**originally published July 14, 2008**

Related Articles:

Why didn’t my Miami Home Sell? originally appeared on Miamism on May 14, 2012.

At Miamism we showcase businesses that we believe in and offer products that match our readers’ needs, that would be you.  As a full upfront disclosure, we don’t get paid for this or get any type of benefit, other than the gratification of helping fellow business owners.  Now let’s get to the focus of this showcase.

The Flower Bar, owned by Alex Rodriguez, has been around for about 10 years in different locations around Miami.  Alex has a passion for simple flower design and it is obvious in his product.  Alex has a background in fine arts and studied photography, and there’s something to be said about still arts meeting flower arrangement design, his product is like none other in the market.  So if you are into fluffy, overdone arrangements, these will not be for you.

I had the pleasure of interviewing Alex about his concept and what the future of Flower Bar is, but please listen for yourself.

The store is now in Midtown, on the South side of the 4 Midtown tower across from the restaurants (Mercadito and Sugarcane).

www.flowerbardesign.com

3301 NE 1st Avenue

CU 114 Midtown 4

Miami, Florida 33137

305.290.9838

In addition to his SIMPLE designs, which bring out the basic nature of the flower, he uses original vases and containers.  He also creates terrariums with beautiful butterflies.  Make sure you ask about Flower Therapy by Flower Bar which delivers flower arrangements weekly to your home or place of work.  It was exciting to hear about Creating Change through Art project with Art Challenges for the community and nearby schools.

Flower Bar is not your every day Florist, hope you like them as much as we do.

Related Articles:

Miamism SHOWCASES: The Flower Bar originally appeared on Miamism on May 12, 2012.

Billy Joel just listed his Miami Beach home for $14,750,000.  Yes, you read correctly, Mr. Piano Man himself is selling his home located in prestigious La Gorce Island, in Miami Beach.  Another Miami Beach Celebrity home on the market, this one is a Mediterranean Revival style home with wide bay views and 150 feet of water frontage.

The house has 8,881 sf of living space, with 7 bedrooms, 8 bathrooms and 1 half bath.  It sits on a 30,330m sf lot and has a private dock , amazing pool area and views to die for.

Tax records show that the home was purchased in February of 2006 for $13.5 Million.  The selling description reads:

Elegant 7 bedroom 8.5 bath Mediterranean waterfront estate is situated on prestigious La Gorce Island.  this 8,881 sq ft home boasts expansive open areas with breathtaking views of the bay.  Luxurious bar with wine cellar, gourmet chefs kitchen, formal living and dining room, office and sumptuous master suite all of which showcase the finest details and finishes.  Perfect home for entertaining with outdoor summer kitchen.  Over 150 feet of water frontage.

Related Articles:

Billy Joel is selling his Miami Beach Home originally appeared on Miamism on May 9, 2012.

This is a Miami Real Estate Market Report for April 2012.  We have reached a point in Miami where people are comfortable with their real estate ownership again.  The fear is gone for desirable areas within Miami and unless you bought at the very height of the market, most people will recuperate their investment when selling….and a lot will make money if they bought at rock bottom prices.  Personally, I find this to be a relief.  As real estate consultants, always looking our for our clients’ best interest, it’s great to finally have good news.  We do ask that you please do your homework when it comes to choosing a REALTOR, there are a lot out there that will fill your ears with what you want to hear, not necessarily what it will take to get the job done.

Miami Shores Real Estate Market Report

There are currently 64 Miami Shores homes for sale (10 less than last month):

• Highest priced listing is $2,000,000 (new listing at 308 NE 96 St)
• Lowest priced listing is $87,500 (Short Sale at 9254 NW 3 Av)
• Pending Sales (Properties under contract): 45 (6 more than last month)
• Closed sales in April: 13 (3 less than previous month)

The 16 Miami Shores homes sold in April ranged from $739,000 a Realtor owned 3 bedroom / 2 bathroom home EAST of The Boulevard located at 1025 NE 97th St to a short sale at 2 NE 108th St, selling for $138,000.

The Median price for Miami Shores homes sold in April was $285,000 with an average price of $358,000.  Only 3 of those 13 homes sold were distressed (short sales).  The distressed inventory right now in Miami Shores has decreased from last month’s 30%  to 28% and most are short sales – meaning 28% of homes for sale right now in Miami Shores are either short sales or foreclosures.  We don’t expect that the distressed inventory disappears all together, but we do know this number has been staying low.  Most of the distressed inventory is in the NW area of Miami Shores, in the last area that was annexed recently close to Barry University,

Bay Harbor Islands Real Estate Market Report

There are currently 14 Bay Harbor Island Homes for sale (2 more than last month):

• Highest priced listings is for $4,900,000 (10140 W Broadview Dr)
• Lowest priced listing is $805,000 (1230 96 St)
• Pending Sales (properties under contract): 2 (1 more than last month)
• Closed sales in April:  0

There were no Bay Harbor Island Homes sold in the month of April and this is very common considering how small the area is.  The median list price for Bay Harbor Islands is $1,350,000 with an average list price of $1,960,000.  There is NO distressed inventory which makes Bay Harbor Islands extremely desirable.

Surfside Real Estate Market Report

There are currently 34 Surfside homes for sale (4 less than previous month):

• Highest priced listing is $5,500,000 (1332 Biscaya Dr)
• Lowest priced listing is $397,5009(9049 Emerson Av)
• Pending Sales (properties under contract): 13 (2 more than previous month)
• Closed sales in April: 3 (4 less than previous month)

The 3 Surfside homes sold in April were the following:

• 9217 Bay Drive – listed for $649,000 and selling for $625,000
• 9175 Bay Drive – listed for $539,000 and selling for $485,000
• 9009 Garland Av – listed for $395,000 and selling for $365,000

The Surfside homes inventory for sale continues to decrease which is a positive sign for the community in general.  The distressed inventory continues to stay at a minimum with only one short sale and no foreclosures out of the 34 homes that are currently for sale.

There are currently 73 Surfside Condos for sale (2 less than last month):

• Highest priced listing:  $1,750,000 for a 3/3/1 at Azure, PH 1107

• Lowest priced listing: $149,500 for a 1/1/1 at Ocean 91 Condo

• Pending Sales (properties under contract):26 (4 less than previous month)

• Closed sales in April: 10 (3 more than previous month)

The 10 Surfside condos sold in April ranged from a 3 bedroom, 2.5 bathroom condo at Champlain Towers sold for $885,000, to a 1 bedroom / 1 bathroom, 750 sf condo at Coral Sea Condo selling for $110,000.

Out of the 10 Surfside condos sold, 3 were distressed, but this 30% doesn’t represent the existing inventory.  Less than 3% of the Active Surfside Condo inventory for sale is distressed, which is a low number compared to many other areas within Dade County.  We have been seeing a consistent decrease in the past 12 months.  Surfside is on of the Miami neighborhoods that is already out of the water and well represented with both Surfside homes as well as Surfside condos.

Fisher Island Real Estate Market Report

There are currently 95 Fisher Island Condos for sale (2 more than last month):

• Highest priced listing: $14,000,000 for an exclusive Oceanside 6/6/1
• Lowest priced listing: $98,010 for a foreclosed studio at Marina Village
• Pending Sales: 6 (1 more than last month)
• Closed sales in April: 3 (4 less than last month)

The 3 Fisher Island Condos sold in April were:

• Bayside Village – 2211 Fisher Island Dr – listed for $1,450,000 and selling for $1,350,000.
• Bayside Village – 2012 Fisher Island Dr – listed for $995,000 and selling for $900,000.
• Marina Village – 41216 Fisher Island Dr – listed for $549,000 and selling for $375,000.

The median listing price in Fisher Island is still $2.49 Million.  Distressed properties continue to make up less than 10% of current for sale inventory.  Fisher Island’s desirability has not decreased and will only continue to improve with the ultra-luxury demand that is currently growing in South Florida.

**all information obtained from the Southeast Florida Multiple Listing Service**

Related Articles:

April 2012 Housing Market Report for Miami Shores, Bay Harbor Islands, Surfside and Fisher Island originally appeared on Miamism on May 8, 2012.

Mojito Review

Garcia’s Seafood Grille and Fish Market
398 NW North River Drive
Miami FL 33128
(305) 375-0765
GarciasSeafoodGrill.com

Related Articles:

Mojito Review – Garcia’s Seafood Grille originally appeared on Miamism on May 5, 2012.

Here’s another of those “why you should use a good Realtor when you purchase a Miami Beach home” posts.  I know, I know……all you will hear is BLAH BLAH BLAH BLAH but please stick with me…it will be worth your while, I promise.

At the beginning of the month we placed an offer for a European buyer into what seemed to be the perfect Surfside home.  The buyer was looking for a clean and remodeled Miami Beach home that they could buy for a long term investment and could rent out easily – cash purchase, quick deal.

The house chosen by the clients was impeccable:  new kitchen, new bathrooms, hardwood floors, new windows, hurricane shutters…..everything they wanted – seemed like a very no hassle deal.   Well….guess again.  While in Europe we advised them to get very thorough inspections to make sure they had no surprises.  They questioned why since the house seemed perfect and so well maintained.  We told them that not always what seems is the reality and we would make sure to hire competent building inspectors and would be present at the inspection to be able to communicate all the findings.

To make a long story short – the house was a mess under its pretty facade.  There was Spalling, Structural flaws, drywood and subterranean termite damage, needed a new roof …..after a lot of back and forth we recommended they walk away.

The beauty of this whole thing is that our client’s attorney was surprised at the way we looked out for the client’s interest instead of just trying to make the deal happen.  He even wrote an e-mail to our Paris Buyers saying the following:

I spoke to Rick this morning and he and Ines have everything under control.

You have chosen two very good Realtors. They are doing a great job for you. I have dealt with many Realtors over my 28 years of real estate practice in Miami and you have two of the best in Rick and Ines

(NOTE:  he did not know us before this transaction)

So here’s why we do it:

Common business sense, that’s all – We’re not in this business for the quick sale and the quick commission and then say BUH BYE to you.  We’re here to stay and we want each and every one of you to know that we rather kill a deal than make an enemy or have someone feel like we did not do the right thing or worse yet….that you were not represented.

Just last week, an investor said to me “you have changed my perception of Miami Realtors”…..that’s what Rick and I set out to do when we became Realtors….change the perception of the industry one person at a time.

Footnote:

Spalling

Merriam-Webster’s definition:  to break up or reduce by or as if by chipping with a hammer

Explanation:  concrete spalling is common in South Florida and usually caused when concrete was either mixed with beach sand or with brackish water – over time, the concrete will show evidence of chipping and breaking and re-bar within the structure will be exposed and begin corroding.  Spalling can be superficial and fixed easily or can be extensive where structures need to be carved out and reinforced.  Structural Engineers are the best to diagnose Concrete Spalling issues.

Building Inspectors – not regulated in the State of Florida.  Make sure the inspector you hire knows what they are doing and has experience in the construction industry, just because they have been doing inspections for years doesn’t mean that they will be thorough – also read:

• Miami Shores Inspection Comedy

• Miami Home Inspections – will they protect you?

**article originally published on September 7th, 2008**

Related Articles:

Piecing together your Miami Real Estate Deal originally appeared on Miamism on May 2, 2012.

If you know Miami, you KNOW The Fontainebleau, designed by renowned mid-century architect Morris Lapidus.  If you don’t know it, please do yourself a favor and go – either for the great restaurants, the amazing pool or beach service, Club Liv or just for Bleau Bar in the lobby.  It is one of Miami’s great landmarks.  This amazing night capture was taken by local photographer Yanni Georgoulakis, who I’ve been told is half Cuban and half Greek. (talk about perfect Miami cultural diversity).

….another Miamism !!

** Share your MIAMISMS and we will feature them!! send them to us via email (info@miamism.com), Facebook, Twitter (@ines), or post them on Flickr in the Miamism Group **

NOTE: this and other miamism photos are copyrighted© – contact owner for permission

Related Articles:

Miamism Fridays – The Fontainebleau originally appeared on Miamism on April 27, 2012.

Summer 2012 is almost upon us and it’s time to make summer camp plans Miami!!

I do ask you one favor though – please don’t call me to make reservations or get information – call the camp directly.  We are in no way, shape or form affiliated with any of these – so please READ the whole article before you grab your phone.  And if you want us to add your summer camp to the list, email us first to tell us about it.

Miami Shores Summer Camps

(organized by The Miami Shores Recreation Department). These include a series of camps offered throughout the summer for different ages including: summer activities.  There are also specialty sports camps available for short sessions throughout the Summer, make sure you call or visit the Community Center and/or Field House for more information

Miami Shores Community Center (305) 758-8103

• Jumping Jellybeans – May 29-June 1: June 4-June 8 – ages 3-6 – 8:30 AM to 1:00 PM
• Under The Sea Jellyfish – May 29-June 1: June 4-June 8 – ages 3-6 – 1:00 PM to 5:00 PM
• Sportsnastics – June 11 – July 6 / weekly and Aug 13- Aug 16 – ages 3-5 – 8:30 AM to 1 PM
• Gym Jam Camp – June 11-July 13 / weekly – ages 5/12 – 8:30 AM to 5:00 PM
• Jumpin’ Jellybeans – July 16 – August 10 / weekly – ages 3-6- 9:00 AM to 1:00 PM
• Jump Rope Camp – June 11-June 15; Aug 13 – Aug 17 – ages 6+ – 9:00 AM to 5:00 PM
• Sew Cute Camp – June 11 – June 15 and June 18 – June 22 – ages 7+ – 8:30 AM to 5:30 PM
• Lego Camp – June 18 – June 22 and July 16 to July 20 – ages 5-9 – 9:00 AM to 1:00 PM
• Musical Theatre Camp – June 18 – July 20 / session – ages 6-10 – 9:00 AM to 1:00 PM
• Let’s Clay with Yoga – June 25029 – ages 6-12 – 9:00 AM to 1:00 PM
• A La Art / Fabric Crafting – July 2 – July 6 (No camp July 4th) – ages 6-10 – 8:30 AM to 5:30 PM
• Cheernastics – July 16 – August 3/ weekly – ages 6-15 – 8:30 AM to 5:30 PM
• I love Fashion – July 16th – July 20th – ages 6-12 – 9:00 AM to 5:00 PM
• I Love Comics – July 23 – July 27 – ages 7-12 – 9:00 AM to 5:00 PM
• American Doll Camp – July 30 – August 3 – ages 5-12 – 8:30 AM to 5:30 PM
• Harry Potter Camp – Aug 6-10 – ages 7-12 – 8:30 AM to 5:30 PM
• Art of Earth – Aug 6-10 – ages 7-12 – 8:30 AM to 5:30 PM
• Pinkalicious – Aug 13-17 – ages 3-6 – 8:30 AM to 1:00 PM
• Last Chance Camp – Aug 20-24 and Aug 27-30 – ages 3-12 – 8:30 AM to 5:30 PM
• Adventure Camp – June 18 – July 27 / weekly (No Camp July 4th) – ages 12-15 – time varies

Miami Shores Field House (305) 758-6701

• Shores Spectacular Day Camp – June 11-Aug 17 / weekly – ages 5-12 – 8:00 AM to 6:00 PM
• Shores Volleyball Camp – June 11 – 15 and July 30 – Aug 3 – ages 7-14 – 9:00 AM to 3:00 PM
• Shores Soccer Camp – June 11-15 and July 16 – July 20 – ages 5-12 – 9:00 AM to noon
• Fast Twitch All Sports Camp – June 18-22 and Aug 6-10 – ages 7-14 – 9:00 AM to 3:00 PM
• Flag Football Camp – June 25-29 and July 30 – Aug 3 – Ages 7-14 – 9:00 AM to noon
• Shores Girls Basketball Camp – June 25th-29 and July 23-27 – ages 6-14 – 9:00 AM to noon
• Shores Boys Basketball Camp – June 25 – 29 and July 23-27 – ages 6-14 – 9:00 AM to noon
• 4 on 4 Hoop It Up – July 2-6 (No camp July 4) – ages 9-12 – 9:00 AM to noon
• Baseball Camp – July 9 – 13 – ages 9-12 – 9:00 AM to noon
• Little Shots – July 9-13 – ages 3-6 – 9:00 AM to noon

Aquatic Center (305) 795-2241

• Swimming Camp – June 11-15; June 18-22; June 25-29; July 2-6; July 9-13 – ages 7-16 – Half and Full days available

Miami Shores Tennis Center (305) 758-8122

• Little Tennis Camp – June 11 through Aug 17 / weekly (Mon-Wed-Fri) – ages 4-6 – 8:30 AM to 9:30 AM
• Jr. Tennis Program – June 11 through Aug 17 / weekly (Mon-Thurs) – ages 7+ – 9:30 AM to noon

Miami Shores Country Club (305) 795-2375

•  Tennis, Golf & Aquatic Summer Camp -  great junior camp with quality tennis and golf instruction, country club lunch as well as ‘free-swim and play’ at the Miami Shores Aquatic Center. Contact Tennis Pro Howie Orlin at 305-795-2375, horlin@mscctennis.com

Barry University Summer Camps (305) 899-3557

• BUCkids Summer Camp – sponsored each year by Campus Recreation & Wellness (CRW). The camp provides children with a well-rounded program that includes sport activities, arts and crafts, computers skills and much more.
• Cesar Odio’s Basketball Camp – July 9-13 and July 16 to 20th – ages 6-16 – 9:00 AM to 4:00 PM

Miami Country Day Summer Camps

• Adventure recreation summer camp – for children in pre-kindergarten through children entering 3rd grade. Sign up today for one or both sessions (Contact  John Barbick, 305.759.2843 x200)

• Miami Country Day simple Soccer Camp (boys and girls ages 6-17) – contact Jeff Watson at watsonj@miamicountryday.org

• Miami Country Day Volleyball camp ( boys and girls:  1:00-4:00 grades 3-8 and 5:00-8:00pm grades 9-10) – contact Jeff Watson at watsonj@miamicountryday.org

Other Miami and Miami Beach Summer Camps:

• Miami’s Children’s Theater
• Miami Seaquarium
• Biltmore Summer Camp
• Miami Science Museum Summer Camp
• Camp Live Oak
• MoCa North Miami Summer Camps
• Miami Chilren’s Museum Summer Camp
• Miami Yacht Club Youth Sailing Camp
• Summer Tech Camp for kids and Teens at The University of Miami – form June 11 to July 23 (ages 7-17)

feel free to add other camps to the comments section of this article or email me at ines@miamism.com

Related Articles:

Miami Summer Camps 2012 originally appeared on Miamism on April 23, 2012.

Ricky Martin sells his Miami Beach home for $10.6 Million, according to the recently closed sale showing in the multiple listing service.  He listed the home for sale back in 2007 for $16.9 million and did not sell.  Then the house was put back on the market in 2010 for $12.5 Million.

We also know that the Latin Hearthrob’s Miami Beach home had gotten some interest from none other than Beyonce and JayZ.

Ricky Martin also recently sold his Golden Beach home for $6.3 Million.

Does this mean Ricky is leaving Miami for good?? I really hope not since he has a serious fan base here that adores him.  Whatever the reason for selling, best wishes from Miamism to Ricky Martin!

Here’s what we had to say about Ricky Martin’s Miami Beach Home back in 2010.

North Bay Road Mansion – Listing price $13,500,000 $12,500,000

The home’s listing history shows it went on the market in February of 2007 for $16.9 Million, was decreased to $15.9 in February of 2008, then increased to $19.5 Million a day later and was taken off the market in June of 2008.  Talk about a pricing roller coaster!  Fact is, it’s still a gorgeous bay front home with a very picturesque celebrity history which is very positive and very Miami.

It’s a 9,491 square foot home with 7 bedrooms, 8 bathrooms and 2 half-baths.  It sits on a 105 ft  X 184 ft lot with 105 feet of open bay frontage.  It has a 4-car garage, private dock, media room, elevator and plenty of incredible and luxurious details – perfect example of Miami Beach Luxury Living.

The Multiple Listing Service’s description reads as follows:

Mediterranean masterpiece with breathtaking open bay views from every room. Featuring 7 bedrooms, adjoining courtyard-view guest quarters, 8 full baths, 2 half baths including cabana, fully wired media room and elevator. This private estate is the epitome of luxury living featuring the finest in detailed finishes including solid mahogany doors, ceiling treatments, fireplaces, travertine marble throughout, and crown moldings. Spacious gourmet kitchen, formal dining room, full bar. Jacuzzi and pool.

I love the fact that Miami is packed with Celebrity Properties.  It’s common knowledge that these properties sell for more because of their former owners.  Truth is that because they are desirable,  Miami Beach celebrity homes carry a hefty price tag.

Related Articles:

Ricky Martin sells Miami Beach home originally appeared on Miamism on April 19, 2012.