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Amidst the noise of high inventory, plummeting sales, and less than ideal cap rates, we took action. Introducing 3650 and 3656 E 2nd: strategically priced to move swiftly in a challenging market. Because in times of uncertainty, knowing the market inside out makes all the difference.

Miami Real Estate Market Sees Shift from Rentals to Condos In downtown Miami, PMG seized an opportunity two years ago to convert a planned rental tower into The Elser Hotel & Residences due to the lack of existing condo inventory and immediate buyer demand. This move is part of a broader trend in South Florida, where developers are increasingly transforming rental projects into condos in response to challenges in the multifamily market, including escalating interest rates and construction costs. For example, Hollywood developer Chip Abele recently repurposed an existing apartment tower into condos, targeting the popular price range of $400,000 to $1.2 million. Similarly, Henry Pino from Alta Development altered plans for a Miami project, citing high interest rates that made multifamily developments less feasible. These conversions are gaining traction as they provide owners with flexibility in short-term rentals, aligning with the growing trend in Miami, where there is a noticeable shortage of newer condos. # Thank you Hernando Ramirez for your submission!

Hampton Woods Apartments: Property 2 of 3 in our Norman Portfolio! 🏕️ See what Hampton Woods Apartments has to offer in this virtual tour video. This property is a part of the Norman Portfolio, a three-property portfolio with premium value-add potential. These properties are not only close to each other, enhancing operational efficiencies, but are also situated in the rapidly evolving Oklahoma City MSA. Interested in learning more about Hampton Woods or the Norman Portfolio? Let's chat! #capstone #capstonemultifamily #NormanRealEstate #MultifamilyListing #InvestmentOpportunity #CommercialRealEstate #RealEstateBrokerage

🏘 South Florida Developers Selling Rental Condos to Meet Demand South Florida’s housing market is seeing a major shift! To address a shortage of newer, affordable condos, developers are turning rental properties into for-sale units. 🏗 💡 Why this matters: - Only 3% of condos in Broward, Miami-Dade, and Palm Beach counties are under 10 years old. - Most new construction caters to luxury buyers, leaving middle-income buyers underserved. 🔑 The Solution: Developers like S2 Development and Circ Residences are converting rentals into condos to provide: - Safer, modern housing compliant with new Florida laws. - Affordable options for middle-market buyers. 📍 Examples include: - Circ Residences in Hollywood, FL: $500K–$1.2M. - Atlantica at Dania Beach: $450K–$750K. - The Elser Hotel & Residences in Miami: 94% sold. 🌟 A Win-Win for All: This trend benefits developers with quicker, cost-effective market entry while offering buyers updated, hurricane-compliant homes in sought-after areas. What’s your take on this trend? Share your thoughts below! ⬇ #RealEstate #SouthFlorida #CondoConversion #HousingMarket #Development

South Florida's condo market is hot! In fact, many developers are switching gears from apartments to condos due to high demand and rising costs. Ryan Shear of Property Markets Group told The Real Deal, "the demand for condos drove the company’s decision to convert the under-construction Society Biscayne rental tower into The Elser Hotel | Miami about two years ago. The biggest amenity of what is now called the Elser was that there was very little standing inventory [at the time]...That was a huge driver for us.” Craig Studnicky of ISG World says, "CIRC RESIDENCES and other existing multifamily rental buildings completed before 2020 are in a better position than newer towers [to covert] because they were constructed before inflation, supply chain issues and construction costs surged. This trend reflects a booming market and a strategic shift by developers to meet buyer preferences. The Real Deal has the scoop! https://lnkd.in/eK2fz8-3

I came across an insightful article today highlighting the robust real estate market in Rehoboth Beach, Delaware. Notably, there's a newly listed, renovated oceanfront studio condo at 2 Virginia Avenue. This property promises spectacular ocean views and upscale living at the vibrant coastal town of Rehoboth Beach, priced at $749,000. As someone deeply involved in the real estate sector, properties like these stand out not just for their location but for the lifestyle they offer. Imagine waking up to the sound of waves and having the beach at your doorstep. 🌊🏢 To my fellow real estate enthusiasts and potential buyers, what features do you most desire in a coastal property? Is it the view, proximity to cultural hotspots, or the community vibes that seal the deal for you? Let's discuss the future of coastal real estate investments and what you think makes a property truly worth its value. Your insights could guide prospective buyers and fellow investors in making informed decisions. #RealEstate #CoastalLiving #RehobothBeach #PropertyInvestment #LuxuryHomes

I toured this multifamily property recently. A crazy tenant set his apartment on fire and now the building has been vacant for several years. This could be a great project where we could renovate the building and add 2 ADUs in the back. Have you ever worked on a project that has fire damage? Let me know in the comments below ⬇️ #realestatedevelopment #multifamily

Florida’s condo market is seeing a major shift as buildings age and costs rise. 🏙️ With new state regulations and increased demand for redevelopment, the landscape is changing, especially in Miami-Dade and Broward counties. Whether you’re a condo owner or thinking about buying, these trends are important to watch! 🌴 #CondoLiving #floridarealestate #miamidade #browardcounty #realestatetrends #realtor

The Benefits of Building Custom Homes in Deerfield Beach: What Investors Need to Know 🏘️ Deerfield Beach is quickly becoming a prime location for custom home development, and savvy investors are taking notice. From personalized living spaces to growing demand, the benefits of building custom homes in this vibrant area are substantial. In this article, we cover: 1. The rising demand for custom homes in Deerfield Beach 2. Steps to successfully build a custom home 3. Financial and market considerations for investors 4. Why now is the perfect time to invest in this coastal city Discover why Deerfield Beach is a key player in Florida’s real estate landscape. Read more: https://lnkd.in/d5ErsfY7 #RealEstateInvesting #CustomHomes #DeerfieldBeach #FloridaRealEstate #KSRProperties #PropertyInvestment #BocaRatonWeather #InvestmentOpportunities

🏗️ **Spotlight on Houston Real Estate Development: Tiara on the Beach Begins!** 🏖️ Exciting news for the real estate scene in Houston! After a prolonged wait, construction has officially started on Satya's luxury condo project, Tiara on the Beach, in Galveston. 🏢✨ Despite facing delays spanning three years, this project promises to bring an exquisite touch of luxury to the Galveston coast, offering stunning ocean views and premium amenities. The delay was attributed to a combination of regulatory hurdles, design enhancements, and the strategic efforts needed to ensure a flawless ground-breaking. These challenges are all too familiar in large-scale real estate developments, reminding us of the intricate planning and patience required to bring such projects to life. For potential homebuyers and investors, now is the perfect time to explore opportunities in this upcoming beacon of luxury living. Whether you're considering a primary residence or an investment property, the Galveston project represents a significant growth opportunity. 🔗 Considering real estate investments or need assistance navigating the Houston and Galveston markets? Reach out to Tevas Real Estate Group for expert guidance tailored to your needs. "Tevas, your Texas Realtor." #TeVas #tevas #tevasrealty #tevasrealtor #tevasrealesate #tevasrealestate #tevasrealestategroup #HoustonRealEstate #Galveston #LuxuryLiving #InvestmentOpportunity #RealEstateDevelopmenthttps://lnkd.in/gjW-3Cuc