The Alarming Changes in the Miami Home Insurance Market
Murano at Portofino Condos for Sale: The Investment Value
Murano at Portofino is a luxury condo located in the chic South of Fifth area of South Beach. The condo offers 189 units ranging from 1,008 to 3,365 SF. The waterfront condo features over 600 feet of magnificent bay frontage and spectacular views over the bay, ocean, and city.
We can tell you that this building has amazing views, superb finishes and state-of-the-art amenities like anyone else. But what you as a buyer really want to know is how the condo performed, whether this is a good investment and whether this condo will keep its value.
The David Siddons Group is known for its market analysis and its transparency and therefore in this blog we focus on the Murano at Portofino residences in South Beach.
Looking at the prices per SF for Murano residences we see that they have increased in the last 5 years. We did record a small dip in 2016, the year known for its condo price corrections. The 2016 price decrease however was extremely small (-1,6%) while the price per SF rose by 16% over 5 years.
The months of inventory might be even more important to determine your investment value. This number indicates how long it will take to sell all the listed units, assuming no other units will hit the market. The number shows us the supply and demand curve of the condo. According to EWM Realty /Christie’s Real Estate, the luxury condo market ($1M+) is experiencing a sellers market in case we record 12 Months or less of inventory, while 12-18 months indicates a stable market. With 18 months + of inventory we talk about a buyers market. In the case of Murano at Portofino we are clearly seeing a neutral market which is almost a sellers market. A sellers market means that there is more demand than supply
Murano at Portofino Listing Spotlight
Unit 2802 at Portofino at Murano was just listed for $5,499,000. This one of a kind 2,618 SF unit is completely remodeled and professionally finished by renown ‘ Design Solutions in Miami‘ Brazilian Designers and architects with $1M spent in upgrades. Only finished 2 years ago and hardly lived in. This water facing unit has unparalleled views of the Ocean, Bay, Downtown and Miami Beach skylines from every room. The spacious flow through floor plan unit offers two terraces, 3 full bedrooms, 3 ensuite bathrooms, a top of the line ‘Mia Cucina’ kitchen, walk-in closets and a private elevator entrance
You won’t find another unit quite like this!
Contact us for more details!
David Siddons | +1.305.508.0899 | david@siddonsgroup.com
Cristiane Buzolin | +1.305.775.1198 | cris@siddonsgroup.com
The Amenities at Murano at Portofino
- 24 hour concierge and valet
- High speed wifi in all common areas
- Owner’s Lounge
- Hi Def screening room
- Resident Club Room
- Children’s Playroom
- Resort Deck
- Luxury Health Spa
- World Class Health and Fitness Center
- Residents only roof top pool with sundeck
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.
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Analytical
Over 100 reports produced to date
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Knowledgeable
Over 1800 published articles and counting
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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