10 MOST GOOGLED QUESTIONS ON MIAMI SHORES

  10 Most Google Questions on Miami Shores! Thinking about moving to Miami Shores or just curious about what this charming community has to offer? In this article, we'll answer the 10 most Googled questions about Miami Shores, covering everything from housing and schools to amenities and local services. Whether you're relocating or simply exploring, this guide will give you a comprehensive overview of life in this vibrant village.  1. What is the Average Home Price in Miami Shores? The average home price in Miami Shores for 2024 has been $1.585 million, with 93 closed sales so far. These homes typically feature 3 bedrooms, 2 bathrooms, and around 2,087 square feet, averaging about $717 per square foot. When broken down by size, the price per square foot can vary. For instance, homes between 1,000 and 1,500 square feet sold for an average of $884,000, which is about $700 per square foot. On the higher end, properties over 3,500 square feet averaged $5,023,000 or $978 per square foot. These numbers reflect the diverse housing market in Miami Shores, catering to various preferences and budgets. 2. How is the School System in Miami Shores? Miami Shores offers diverse educational opportunities with public, charter, and private schools, making it an attractive option for families. Public schools include Miami Shores Elementary (PK-5), Horace Mann Middle School, and Miami Edison High School. The charter school option, Doctors Charter School of Miami Shores, serves middle and high school students in partnership with Barry University. For private education, there are several choices such as Montessori School,  Presbyterian Church School, St. Rose of Lima Catholic School, and Miami Country Day School. Higher education is also accessible, with Barry University's main campus located within the village. 3. What Parks Are Available in Miami Shores? Miami Shores boasts beautiful parks that cater to outdoor enthusiasts and families alike. Bayfront Park, located at 9501 N Bayshore Drive along Biscayne Bay, offers stunning water views and green spaces for recreation. Memorial Park at 9400 NE 2nd Ave honors the armed forces and serves as a venue for community ceremonies. These parks provide a serene escape and are a key part of the community’s commitment to preserving green spaces. 4. Top Amenities and Things to Do in Miami Shores? Residents and visitors can enjoy a variety of amenities in Miami Shores. The Aquatic Center is a popular spot for swimming and water activities. The Miami Shores Country Club offers a beautiful golf course for enthusiasts, while the Tennis Center provides courts for players of all skill levels. These amenities, along with various community events and recreational programs, make Miami Shores a vibrant and engaging place to live. 5. Is Miami Shores a Good Place for Families? Miami Shores is known for its family-friendly atmosphere, largely due to its residential focus with single-family homes and limited commercial development. The community actively engages residents through farmers' markets, holiday parades, arts and crafts festivals, outdoor movie nights, and seasonal events. Summer camp programs offer a range of activities for children, including sports, arts, crafts, and field trips. With easy access to major expressways, local police, and a dedicated fire department, Miami Shores offers both convenience and a sense of security for families. 6. What is Miami Shores Known For? Often referred to as the “Village Beautiful,” Miami Shores is known for its unique blend of small-town charm, community spirit, and lush landscapes. The village features tree-lined streets and architectural diversity, with homes dating back to the 1920s and 1930s in styles such as Mediterranean, Mid-Century Modern, Art Deco, and Spanish Revival. Miami Shores has two distinct areas: Central Shores, which has a more robust energy, and the East Side, known for its tranquil coastal feel. 7. What Shopping and Dining Options Are Available in Miami Shores? Miami Shores has a revitalized downtown area offering a mix of trendy dining options, including Pura Vida, Tinta y Café, Sins Gastrobar, and Pinch Kitchen. For those willing to explore a bit further, the nearby Little River area provides additional eateries like Gaucho Ranch and Wine, Citadel, and Surrey Hills coffee shop. Additionally, upscale shopping destinations such as Bal Harbour Shops and the Miami Design District are just a 10-minute drive away, providing a range of retail and dining experiences. 8. What is the Property Tax Cost in Miami Shores? Property taxes in Miami Shores are relatively high, with a rate of 2.28% as of 2023. This places Miami Shores as the third highest in property tax rates among 18 neighborhoods in the area. These taxes contribute to local government funding and are based on the property values, reflecting the premium nature of this residential community and the quality of services and infrastructure provided. 9. Is Miami Shores Safe? Safety is a common concern for those considering moving to a new area. Miami Shores has its own local police and fire departments, unlike many other neighborhoods that rely on Miami-Dade resources. While it's advisable for potential residents to consult with the local police department for detailed information on safety, having a dedicated law enforcement presence contributes to the community's sense of security. 10. What is the Commute Like from Miami Shores to Downtown Miami? Miami Shores is conveniently located about 6 miles from downtown Miami, with a typical drive taking between 25 to 35 minutes, depending on traffic conditions. Commuters have multiple route options, including NE 2nd Ave, Biscayne Blvd, and I-95. This proximity makes Miami Shores an attractive option for those who work in the city but prefer the quieter, more residential atmosphere of the village. If you're considering a move to Miami Shores or simply want to learn more about this beautiful community, feel free to reach out. As a local expert, I'm here to help you discover all that Miami Shores has to offer. Whether you have questions about the housing market, schools, amenities, or anything else, I can provide you with the insights you need to make an informed decision. Contact me today to start your journey toward finding your dream home in Miami Shores!

Miami Shores Housing Report: Q1-Q3

  SUMMARY OF OUR 2024 MIAMI SHORES HOUSING REPORT Despite this neighborhood experiencing what ‘feels’ like a slower market, overall home values have gone up since 2023. Figures show a 7.68% increase in value with only a slight increase in inventory levels. The best metric to figure out the pace of the market is looking at the Cumulative Days on Market, which has a small change of 3 days. Even with high rates throughout the year, it shows homes were not sitting on the market for long. This can be attributed to sellers being more realistic with their prices, as the figures show a 5.4% average discount on asking price. Overall in terms of price per sqft there actually appears to be a significant increase from 2024 of $681 compared to 2023 with $594 in price per sqft. This is a change of 14%. That's great to see considering the macro events in the global economy. Miami Shores’s 2025 looks promising and residential real estate long-term prospects over the next 3-5 years is very promising due to significant population replacement with major corporate commercial construction coming to fruition. Miami is and will be a continued emerging hub for high-earning residents and businesses alike and there is major upside across most luxury markets. In the short term there is stability and in some cases corrections within specific markets. Problems focus mainly around lower level and lower quality product: old buildings and older homes particularly in high flood zone risk areas. Taking Action from 2024 Buyer and Seller Psychology As someone who deeply understands market dynamics and buyer behavior, my approach focuses on blending data analysis with insights gained from daily interactions with clients and industry professionals. By listening closely to the hundreds of buyers and sellers I engage with annually, I uncover the reasons behind these market trends. This allows me to predict shifts with greater accuracy and offer more informed guidance. In 2024, the overall sentiment among buyers can be described as cautious, with many grappling with high home prices, increased interest rates, and a lack of desirable options, leading them to hold off for the perfect opportunity. Sellers, on the other hand, face their own set of challenges, particularly the limited availability of suitable replacement properties. This scarcity often causes them to aim for top dollar, though those with less-than-perfect homes should consider adjusting their expectations to better align with current market realities. Looking ahead, a potential decline in interest rates could unleash a wave of pent-up demand, revitalizing the market and possibly driving prices up once again. For buyers, focusing on prime areas like Miami Shores, El Portal, Morningside, and Belle Meade remains a wise move, though it’s crucial to monitor interest rate trends and inventory levels closely. Notably, in Q2 and Q3 of 2024, I’ve observed a noticeable shift in seller psychology. More sellers are now realizing that pricing homes above record levels per square foot is not resonating with buyers, prompting a more realistic approach to pricing. This trend is likely to continue, making strategic pricing essential for success in today’s evolving market landscape. Click the links below if you want to speak to Peter or request a Home Equity Report Click here to share your thoughts with Peter   I want a home equity report on my home

Miami's Top Family-Friendly Neighborhood: Miami Shores

  Which Family-Friendly Neighborhood in Miami Becoming a Destination for Buyers? Miami Shores Miami Shores is a hidden gem that seamlessly combines coastal charm, a family-friendly environment, and a vibrant community spirit, making it a top choice for homebuyers. In this article, we’ll dive into what makes Miami Shores a sought-after destination for prospective homeowners, exploring its prime location, family-oriented lifestyle, cultural offerings, and investment potential.  *Read the 10 Most Googled Questions on Miami Shores here Prime Location and Easy Accessibility Nestled in a prime spot, Miami Shores offers convenient access to key areas of Miami. Bordering I-95, it provides seamless north-south connectivity, making commutes a breeze. Located just 8 miles north of downtown Miami and Brickell, residents enjoy the proximity to the city's bustling core while still savoring the tranquility of a residential neighborhood. To the east, Miami Beach is easily accessible via the Biscayne Bay Causeway, offering quick routes to the vibrant North Beach area. Surrounding communities include El Portal, Morningside, Belle Meade to the south, and Biscayne Park and North Miami to the north.                                     A Close-Knit Community Atmosphere Miami Shores is known for its warm and welcoming community spirit. Residents frequently come together for neighborhood events, block parties, and festivals, fostering a sense of belonging and creating lifelong connections. The streets, lined with well-maintained homes, add to the neighborhood's charm, offering a safe and inviting environment that is perfect for families. Family-Friendly Living Families are drawn to Miami Shores for its exceptional amenities and educational opportunities. The area is home to top-rated public and private schools, including Miami Country Day School and St. Rose of Lima School. Additionally, Barry University, a prestigious four-year private university, is located right in the neighborhood. Miami Shores is also rich in family-oriented amenities. The neighborhood boasts numerous parks and playgrounds, along with community centers offering programs and activities tailored for children and families. Exclusive perks for residents include the Miami Shores Recreation Center, which features private swimming pools, tennis courts, and sports fields. For golf enthusiasts, the Miami Shores Country Club offers an 18-hole course, a driving range, and a dine-in restaurant, catering to players of all skill levels. Investment Potential Beyond its community charm and scenic appeal, Miami Shores offers promising real estate investment potential. Compared to other single-family home markets like Coconut Grove, Coral Gables, and Pinecrest, Miami Shores stands out as one of the more affordable options. The neighborhood has experienced significant growth and appreciation in recent years, thanks to its coastal location along Biscayne Bay and its picturesque, tree-lined streets filled with Spanish-Mediterranean-style homes. Home prices in Miami Shores range from an entry point of around $900,000, with the average home costing approximately $1.25 million. For those looking for new construction, prices can range from $3 to $5 million, offering a diverse range of options for prospective buyers.  *Read THE Q1-Q3 HOUSING REPORT FOR MIAMI SHORES Learn More About Miami Shores Curious about the economic performance of Miami Shores, the most sought-after streets, or how property values have appreciated since 2020? Feel free to call or email me for detailed insights and personalized assistance. As a local real estate expert, I am here to help you explore Miami Shores and guide you toward making an informed decision for your next home.

Should You Build a Custom Home in Miami Shores?

  Building a Home in Miami Shores: Costs, Timelines and Upsides of a Custom Home  This article focuses on the costs, timelines, and other questions you might have regarding Building A Custom House in Miami Shores. At the end of this article, you’ll understand if it financially makes more sense to buy a custom-built home or build one yourself instead. How Much Does It Cost to Build a House in Miami Shores? Building a house, especially a high-end custom home, starts at $650 per square foot. It’s important to note that this cost is calculated based on the gross square footage, not just the air-conditioned space. This comprehensive rate covers all aspects, from tiles and lighting to millwork and flooring, ensuring a fully finished home. While the minimum cost per square foot is $650, it can go up to $1,000 per square foot or even higher. Custom homes come with a higher price per square foot, but the value they offer is unquestionably worth it, often commanding significantly higher selling prices. While custom homes do carry a higher per square foot price tag, I am committed to providing guidance on what makes financial sense. I can offer insights into market caps and estimated selling prices based on your desired finishes. I prioritize transparency and won’t encourage overspending. As your agent, I’ll help you determine your spending ceiling, ensuring you build a home you love and can profitably sell when the time comes. Is it Cheaper to Build or Buy a Luxury House? In prime areas, the price of purchasing a ready-made home has seen a remarkable surge. Compared to the previous year, property values have risen by 20% to 30%, and the increase is a staggering 50% when we look back just two years. Despite this surge in demand, our market is experiencing a significant shortage of newly built homes, even though a massive 90% of buyers are actively seeking new properties. At present, the cost of a custom-built home on a dry lot can fall within the range of $900 to $1,400 per square foot. If you have your sights set on a custom waterfront home, you should be prepared for expenses ranging from $1,700 to even $2,500 per square foot. Considering these price points, building a house in Miami Shores can often be the more financially prudent choice. Is This the Right Time to Build a Custom Home? From a real estate perspective and considering market analysis, my unequivocal recommendation is to opt for the construction of a custom home. This choice not only aligns with sound financial principles but also avoids overpaying for someone else’s efforts and time. The current state of the market is characterized by extraordinary property values, making it an opportune moment for the creation of luxurious custom homes. The demand for such homes has surged, resulting in sales prices that are now 50% higher than pre-pandemic levels. Exemplary custom homes, particularly those with meticulous finishes, consistently command prices that exceed expectations and set new records. Given the scarcity of such properties, buyers are willing to invest generously in acquiring them. Therefore, even if the construction cost averages around $800 per square foot, the potential for selling at $1,4000 or higher per square foot represents a remarkable 75% profit margin. * Read the Housing Report 2024:Q1-Q3 to see if home values have gone up or down The Process of Building a Custom House Step 1: Land Selection It’s essential to be aware of varying regulations, including restrictions on the percentage of land you can build on. Finding the perfect land can be challenging in the Shores therefore I often explore off-market opportunities. Step 2: Assembling Your Dream Team  Assemble a team: designer, architect, and General Contractor. Involve the designer early to align architectural and interior design, preventing delays and extra costs. Early collaboration avoids complications and overspending. Step 3: Design and Sketches Now, you’ll dive into the design process, with your team providing full designs and sketches of your future home. This stage usually involves a two-month back-and-forth process before final plans are ready. Step 4: Refining the Details With your schematic designs in hand, the next step delves into the finer details of your home, including interiors, exteriors, materials, and finishes. You’ll also engage electro-mechanical consultants and structural engineers to bring your design to life and prepare for city submissions. This phase typically spans 8 to 10 months. Step 5: The Permitting Process The next stage involves obtaining the necessary permits, which requires submitting your team’s plans to the city for approval. Typically, permitting takes 8 to 10 months, following the design phase, resulting in an 18-month timeframe from design to permitting. Step 6: Demolition and Ground Preparation Demolishing a home is straightforward; permits take a few weeks. Plan utility disconnection two months ahead to avoid delays. Careful pre-construction planning is essential. Step 7: Construction and Interior Finishing Home construction takes around 18 months. Initial phase (6-8 months) builds the shell, including roof, doors, and plumbing. Next, 8 months finish interiors, plumbing, electrical, and millwork. Final Recommendations Before you Start Building  1. Understanding the economic context is vital when making your decisions. Make sure that the chosen location can accommodate the type of property you aim to build. Cutting corners is not advisable when building high-end custom homes, as discerning buyers are willing to invest in quality. Quality supply is limited, and well-executed homes consistently attract potential buyers. 2. Selecting the right team from the very beginning is crucial. It’s not just about the numbers; it’s about choosing a team with a proven track record, extensive experience, and a demonstrated ability to work cohesively. Checking their references is essential, and it’s a wise practice to speak with previous clients about their punctuality and adherence to budget. Working on high-end homes with top-tier finishes necessitates skilled labor, which can be challenging to secure. In Miami, finding artisanal labor is not always straightforward. Successful teams have a closely-knit, in-house workforce, minimizing reliance on subcontractors. 3. When it comes to interior design, it’s important to set realistic expectations. It’s vital to differentiate between knowing your preferences and being prepared to invest in them. It’s not uncommon for buyers to opt for the lowest quote, only to later discover unexpected delays and increased costs. Building a home has many challenges, however, it can see some of the biggest rewards and yields in real estate investing. Often, paying for someone else's work can come at a premium, with the downside of not loving the home. Building your custom home has its benefits: built to taste, greater yield, and location. If you are considering building a home vs buying a move-in ready home, please give me a call at 617-733-2519 and we can chat about the pros and cons of both. As always, please read the other articles about Miami Shores on our recent blogs.