Just curious-Miami Housing Market Question (Kendall, Coral Gables: real estate, homeowners insurance, condo)

[thrudaluknglass]

Is it possible to buy a decent ( 2+ bedroom, bath) house between 100k-250k in Miami, in a decent neighborhood (middle class) with young professionals? I have been browsing several real estate sites like trulia and zillow, but when i put the criteria, the results are a little pitiful. Where I am from a 250k house will get you 4+ bd/bth and even a decent yard, but 250k houses that yield from my search results looked like a straight up shody shack. I'm confused! Please shed some insight, and possibly recommend some good realtors.

[bale002]

Originally Posted by thrudaluknglass

Is it possible to buy a decent ( 2+ bedroom, bath) house between 100k-250k in Miami, in a decent neighborhood (middle class) with young professionals? I have been browsing several real estate sites like trulia and zillow, but when i put the criteria, the results are a little pitiful. Where I am from a 250k house will get you 4+ bd/bth and even a decent yard, but 250k houses that yield from my search results looked like a straight up shody shack. I'm confused! Please shed some insight, and possibly recommend some good realtors.

For around $200k-250k you could find a 2 bed condo in a decent neighborhood.

With all due respect, it sounds like you live in "fly-over" land.

You do realize that Miami is one of the very few major cities in the US that offers warm temperatures all year round, not to mention the beach (and in a no-state-income-tax state), and all of southeastern Florida in general is actually a relatively tiny strip of land sandwiched between the Atlantic Ocean and a huge swamp known as the Everglades? And that this strip of land is actually very hostile to human habitation if not for railroads, trucks, cars, airplanes, air-conditioning, refridgeration, seaports, and modern finance? It all requires are huge allocation of national and even international resources to support the lifestyle here, otherwise it would all still be mostly swamp, as it was throughout human history until around the 1910s-1920s.

[thrudaluknglass]

Originally Posted by bale002

For around $200k-250k you could find a 2 bed condo in a decent neighborhood.

With all due respect, it sounds like you live in "fly-over" land.

.

Explain "fly over land"

[FlyMIA]

Originally Posted by thrudaluknglass

Explain "fly over land"

States and cities people just fly over. Fort Wayne Indiana, Dayton Ohio, Topeka Kansas, Wichtia, Billings etc..

But you do not need to be from places like that to be used to cheaper real estate. Even in cities like Dallas and Phoneix homes tend to be a good amount cheaper than Miami. Especially homes in good neighborhoods.

Here is the thing about Miami. It is more dense than most cities and much smaller land wise than most. There is no more room to build new homes making homes in good neighborhoods fairly expensive. And it truly is location, location location. You can find a large home in Broward on a nice lot for 500k that same home on a smaller lot in say Coral Gables. Coconut Grove or Morningside will be double the price. I will say you might be able to find something around 250k but add about 100k to that and some fairly nice neighborhoods come in. But for 100k you can't even buy a small condo for that price in a good neighborhood.

[doggiebus]

Fly over country, its basically every State not on a coast.

200-250 will not get you much in a way of a house in one of the nicer areas. You could get a house in that price range out in western Miami in places like Kendall. If you want to live in one of the cooler, hipper areas where young professionals are its best to take the advice of other members and look for a condo, maybe a townhouse. Just heard that Miami is one of the hottest markets in Real Estate right now. Prices in some area are going above asking price. You could look at Broward it will be a little cheaper, and you might get a newer home out west for that price.

[straight shooter]

The real Fly Over States




Jason Aldean- Fly Over States - YouTube

[thrudaluknglass]

thank you all, youve helped me, but made me feel slightly retarded

[FlyMIA]

Originally Posted by thrudaluknglass

thank you all, youve helped me, but made me feel slightly retarded

I have some friends who recently moved here who were surprised about the prices too. Nothing to feel dumb about. I get shocked at how low prices are in other areas.

[straight shooter]

Originally Posted by FlyMIA

I have some friends who recently moved here who were surprised about the prices too. Nothing to feel dumb about. I get shocked at how low prices are in other areas.

Same here, I am also surprised by the prices in other places when compared to Miami and even South Florida in general.

[UnInspired]

Check out Shorecrest. It's a great location. EZ access to 95, the beach, downtown/Brickell, walking distance to the Bay. It's east of Biscayne just South of Miami Shores. You shd be able to get a 3/2 w/ a decent yard for $250k. It's an older neighborhood (by Miami standards, approx 1939-1941) so the BRs are decently sized. Cool architecture. Young professionals moving in. It's not far from not great neighborhoods (but you can say that just about anywhere in Miami) but it is also close to uber cool homes on the water and $$$ homes in Miami Shores. And you won't find a SF home closer to downtown/Brickell for less.

That said, it's east of Biscayne so it's in a flood zone and homeowners insurance, including flood, is $$$$$$ (approx $6k / yr.).

Feel free to PM me if you have specific questions related to the 'hood.