Miami Archives - Page 8 of 16 - Rava Realty

Miami’s Homeless Population Now At The Lowest Level Ever Recorded

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Miami’s Homeless Population Now At The Lowest Level Ever Recorded

Miami-Dade’s homeless population has reached a new record low, according to CBS4.

In total, there were just 919 unsheltered homeless in Miami-Dade as of August 2021, a countywide census showed.

The total homeless population in Miami-Dade, including both sheltered and unsheltered, stood at 3,355 – a 58% decrease compared to the 8,000 recorded in 1996, when records began.

The Miami area has one of the lowest per-capita homeless rates of any big U.S. city.

Miami-Dade’s overall population has also increased 29% over the past 25 years, so the homeless population drop ...

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You can live in Chris Bosh’s former Miami Beach mansion, but you’ll need $42 million

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You can live in Chris Bosh’s former Miami Beach mansion, but you’ll need $42 million

Want to live where an NBA star laid his head (and six- foot-11 frame)? You’ll need $42 million or so.

Chris Bosh’s Miami Beach former home is for sale.

What you’ll get for your hard earned cash ($3,500 a square foot) is a stellar abode fit for the basketball king that he was: a seven bedroom, eight bath waterfront mansion.

Bosh sold it in January for $14.4 million to an affiliate of Miami-based homebuilder AquaBlue Group which relisted it for almost three times the price.

Another perk of living at the Miami Heat standout’s former home? Model neighbors, ...

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South Florida Investors invasion

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South Florida Investors invasion

According to the latest Redfin investor real estate report in July, home purchases by investors in Miami and Fort Lauderdale jumped a whopping 90% in the second quarter of 2021, compared with the same period the year before.

Investors bought 2,640 homes in Miami in the second quarter of 2021, up by about 91% compared with 2020. They purchased 2,163 homes in Fort Lauderdale in the second quarter, up by 183% from the same period a year ago, and they gobbled up 1,243 homes in West Palm Beach, a 53% increase ...

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New transportation infrastructure in South Florida

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New transportation infrastructure in South Florida

According to Bloomberg, Elon Musk’s The Boring Company emerged victorious in a bid to build an underground transportation system in Fort Lauderdale.

The system will be known as Las Olas Loop, and consist of two tunnels running 2.5 miles from downtown Fort Lauderdale to the beach.

Passengers of the transit system would be driven in dedicated Tesla cars (private cars won’t be allowed). Construction is estimated to take one year once the city gives the final green light.

Miami, which is said to be seeking a similar system, is now finishing pre-development and preparing an agreement ...

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Newcomers drive the rent hikes in South Florida

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Newcomers drive the rent hikes in South Florida

Interest in relocating to Miami has tripled since last year and now ranks higher than any other destination in the U.S., according to a new report from real estate website Redfin.com, based on a sample of about 2 million users who searched for homes across 112 metro areas.

It is the first time ever that Miami topped Redfin’s monthly rankings, which measures net inflow from other metro areas. However, Miami has been consistently in the top 10 since the list was created in 2017.

An Interest confirmed by the huge increase ...

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$230M for Boca Raton apartments, the priciest multifamily sale of the year

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$230M for Boca Raton apartments, the priciest multifamily sale of the year

A new apartment community in Boca Raton sold for $230 million, marking the most expensive multifamily sale in South Florida this year.

Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital sold the 456-unit, seven-building development to Atlanta-based Cortland.

The Residences at Uptown Boca was completed last year, and the sale breaks down to about $504,000 per apartment. Units range from 718 square feet to 1,737 square feet and from one to four bedrooms.

According to the release, the Boca community includes a 24-hour gym and ...

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