Address: 900 Biscayne Blvd
Area: Downtown Miami
Completion Date: 2008
Price Range: $2,700-$3,100,000
The 900 Biscayne Bay edifice is currently earning some of the most positive word of mouth since ICON Brickell in downtown Miami. Standing at an imposing 60 stories, 900 Biscayne Bay will overlook virtually every delightful inch of the city of Miami and its brilliantly vivacious yet blissfully serene waters. Its residences are being touted as some of the most "livable" in ages and inside the building will be an unheard of 50 seat theater. When its doors open later this year, 900 Biscayne Bay will stand as yet another gorgeously optimum testament of Miami’s immaculate architecture and sumptuous residential accommodations.
In addition to its fifty seat theater with 5.1 sound, 900 Biscayne Bay guests and residents will be greeted by a glorious three story lobby complete with its own lounge area. A spacious and relaxing pool deck is large enough to accommodate large crowds, making it ideal for gatherings or events. Catering services are additionally provided to residents who seek to make use of the pool deck for such an occasion. The theater area is complemented by comfortably plush seating and will contain a variety of original art pieces. An outdoor café and restaurant and a monstrous 80,000 square feet of office space offering views of the Performing Arts Center will further add to 900 Biscayne Bay’s desirability. A yoga and aerobics studio, state of the art fitness equipment, sauna and separate locker areas for both sexes will appease the health conscious. After the strenuous workout, indulge in the Whirlpool spa and temperature controlled pools while gazing at the wonderful views of the city and bay or the building’s beautiful gardens. All this excitement is pleasantly rounded out by the around the clock cutting edge security technology and staff and professional concierge.
The residences at 900 Biscayne Bay will be comprised of a variety of eleven unique floor plans that are being positively spoken about and come in one to three bedroom options. Inside you’ll find tinted sliding glass doors, private terraces, sophisticated fire safety systems, and roomy walk-in closets. Kitchens are designed in a European style and feature a number of stainless steel Miele brand appliances and stone countertops. Bathrooms come with opulent whirlpool baths and attractive stone interiors.
Its prime location in downtown Miami allows convenient access to the area’s most renowned attractions like the American Airlines Arena, a colossal complex that hosts the city’s major musical and sporting events. The Carnival Performing Arts Center is one of the city’s more recent unveilings and is host to frequent performances by the prestigious Miami City Ballet in addition to numerous plays and musical performances. Take a short five minute drive along the causeway and you’ll hit Miami’s infamous and always stylish South Beach, the quintessential hotspot for the best in dining, shopping and invigorating nightlife.
- 24-hour security
- State of the art security technology
- 24-hour concierge
- Yoga and aerobics studio
- Cutting edge fitness facility
- Outdoor café and restaurant
- Fifty seat theater with 5.1 sound
- Whirlpool spa
- Temperature controlled pools
- Secured parking
- 80,000 square feet of office space
- Separate locker rooms
- Lobby lounge
- Spacious pool deck
- Beautifully flourishing gardens
- High speed elevators with restricted key admittance
- Wireless Internet technology throughout the general areas
- Eleven distinct floor plans
- HDTV technology available in units
- One to three bedroom options
- Private terraces
- Tinted sliding glass doors
- HD television satellite technology
- Fire safety systems
- Roomy walk-in closets
- European kitchen cabinetry
- Stainless steel kitchen appliances by Miele
- Stone kitchen countertops
- Whirlpool bathtubs
- Stone bathroom interiors
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Updated: Thursday, December 9, 2021
November Real Estate Roundup
Freddie Macs results of its Primary Mortgage Market Survey shows that "
Despite the noise around the economy, inflation, and monetary policy, mortgage rate volatility has been low. For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years."
30-year fixed-rate mortgage FRM averaged 3.1 percent with an average 0.7 points for the week ending November 24th, 2021, down from last month when it averaged 3.14 percent. A year ago, at this time, the 30-year FRM averaged 2.72 percent.
15-year FRM this week averaged 2.42 percent with an average 0.7 points, up from last month when it averaged 2.37 percent. A year ago, at this time, the 15-year FRM averaged 2.28 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage ARM averaged 2.47 percent this week with an average 0.3 points, up from last month when it averaged 2.56 percent. A year ago, at this time, the 5-year ARM averaged 3.16 percent.
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When Does It Make Sense to Use Your Home’s Equity?
Housing prices continue to rise significantly, with median home prices soaring past 400,000 for the first time. Housing prices have been going up for eight years. This means if youre a current homeowner, you might have a significant chunk of equity in your home.
When does it make sense to use that equity and put it to work, particularly since interest rates remain low?
The Benefits of Using Equity Now
There are some economic factors outside of your personal situation that could make now a good time to use your homes equity.
Mortgage rates are historically low, meaning its cheap to borrow money right now. You could end up taking equity out and then earning a lot more than you would pay in interest on a mortgage. Since rates are low and you can lock in your rate for an extended period, you might not see your mortgage rates increase, if at all.
Inflation is going up at near-record paces, and that makes the idea of fixed-rate debt pretty appealing. If you get a fixed-rate mortgage for 30 years, your payments will be cheaper in real dollars.
When you have borrowed equity, the interest is tax-deductible, and its tax-free.
If you use the equity in your home, youll have liquidity, so you can take advantage of opportunities as they might arise.
Are There Risks?
Some risks can come with taking the equity out of your home as well.
For example, if you already have a high debt-to-income ratio, taking on more debt is never wise. If your income is at risk, you should avoid taking on new debt as well.
How Do You Know Where to Invest?
If you want to take equity out of your home, the goal is that youre earning more than the interest rate on your loan. There are a lot of ways you can do this.
For example, you could invest in the stock market or a real estate investment trust REIT.
Other financially wise ways to invest the equity in your home include:
To secure a stronger financial future, you might consider tapping into your homes equity to pay off high-interest-rate debt. For example, if you have a credit card with a 16 interest rate, and you get a loan with a 3.5 interest rate, youre going to get yourself out of debt faster, and youre going to reduce what youre paying in interest significantly.
Investing in real estate can be a smart way to use your homes equity. For example, you might use the money from your home equity to then put a down payment on a rental property.
Starting a business is a way to invest in your future, although its risky.
The goal, if youre considering now as the optimal time to tap into your equity, is to invest in something thats going to generate income. You want to pay back your loan with income so that you grow your wealth for the future.
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Are You Ready for Disaster?
Are You Ready for Disaster?nbsp;
No matter where you live in this great nation, youre susceptible to natural disastersfrom hurricanes, tornados, or storm surge to wildfires or flooding.
What can you do when disaster strikes?
Put your pre-disaster plans and precautions in action
Without forethought, you, your family, and your home can be at the mercy of the elements:
Flooding can happen anywherenbsp;
The recent overwhelming atmospheric rivernbsp; drenched Washington State and British Columbia with torrential rain and storms. The resulting flooding, mud slides, power outages, evacuations, and wet everything drove people from their homes and caused human and animal loss of life. Destruction on a terrifying scale Flooding, the most common natural disaster, can also result from snow melt, storm surge, and dam overflow.
Fires and droughts are seasonal normsnbsp;
Lingering drought and heat islands hit many regions hard each year. Wildfires explode in these dry areas. Blazing wildfires sweep across forests, wilderness, and communities with devastating loss of life and with overwhelming property destruction.
Disaster realities exceed past climate experiencenbsp;
These massive natural disasters continue as frightening examples of how our experience with local weather may not prepare us for what is coming next. Experts warn that the extreme weather hitting us now will seem mild in comparison with what lies ahead as climate change rolls on.
Foresight beats regretting in hindsight. Emergency preparedness can save lives and reduce damage.nbsp;nbsp;nbsp;nbsp;
You dont have to figure out emergency preparedness alone. Many community and government agencies and organizations have invested a lot of time and creativity to make it easy for you to be prepared. For example, the national public service campaign READY.gov, and its Spanish language version LISTO, are designed to educate and empower the American people to prepare for, respond to and mitigate emergencies, including natural and man-made disasters. To assist you in making a family emergency plan and supply kit and sharing your efforts with friends, READY offers 18 Social Media Disaster Preparedness Toolkits to choose from, including the Flood Toolkit, Wildfire Toolkit, and Winter Weather Toolkit.
Ten Preparedness Steps to Take Now
1. Anticipate Your Flood Risk
Your risk involves previous flood patterns and projections of flooding based on changing weather patterns. Where will the water go if nearby lakes or rivers overflow or if the ground becomes too saturated to absorb more water? Investigate FEMAs Flood Map Service Center, the Emergency Alert System, and NOAA Weather Radio to learn what support is offered. Sign up for the local warning system. Pay attention to the weather.
2. Flood insurance
Flood insurance coverage is not automatically part of your homeowners policy, so ask your insurance agent about it. In high-risk areas, homes and businesses with government-backed mortgages must have flood insurance. FEMAs National Flood Insurance Program NFIP is available through a network of over 50 insurance companies.
3. Keep Water Away From Your Home
- Regularly walk all the way around your foundation to ensure grading, or the slant of the land, is taking water away from your home.
- Also walk the property line. Neighbors may be building, paving, or disrupting drainage, so that more water ends up on your property. My neighbor added an elevated artificial lawn to their rear garden and my patio became a pond when it rained.
- Regularly clear gutters and downspouts to keep water at least 3 to 6 feet away from foundation walls.
- If you have a sump pump, check it regularly to be sure it will work when you need it. Does the sump pump have battery back-up if the power dies?
4. Whats Precious?
Other than the living beings who share your home, what really matters to you? Family photos are high on most peoples Treasures List. Dont store precious things in the basement where the risk of water damage is highest.
5. Waterproof Protection
Store important papers, photographs, and documents in waterproof containers. Also make a digital copy of everything vital and store that information in a secure online location and on a memory stick somewhere off the property.
6. Create a Family Escape Plan
Where will you meet if disaster strikes and you are separated from family and your home? Be practical. If roads are flooded and power is out, how will everyone get there? Cell phone service may be down, so have the family practice possible routes to your meet-up location in advance.
7. Who needs what?
- Prepare for the specific needs, including medication, of each family member and pet. If you have farm animals, how will they be kept safe?
- Cell phones and important equipment require batteries and specific chargers.
- In case disaster becomes widespread, prepare your family to fend for itself for the first 72 hours. Pack 72-hours worth of food, water, and additional supplies in your Emergency Kit.nbsp;
8. Expect your Phone to Fail You
List all the things on your phone that you cannot manage without and create a paper version as back-up. For instance, a paper ideally waterproof map, essential phone numbers you do not have committed to memory, prescriptions, identification, banking information. Back-up vital information regularly in case your phone becomes waterlogged or lost. >
9. Your Car As An Emergency Shelter
If you have to flee the flood, could you survive in your car or truck for a day or two? In cold weather? In the car, keep a phone charger, an appropriate 72-hour kit, blankets, candles for light and heat, matches, emergency signaling devices, writing materials, playing cards.
10. Stay Smart
- No barbequing in the covered porch, house, or garage. Every year, people who do this indoors die of carbon monoxide poisoning.
- Do not drive on flooded roads or bridges. Flooding can make them unsafe.
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- Do not unnecessarily put first responders, emergency workers, and community volunteers at risk.
- Emergency preparation is a year-round, 365-7-24 concern. Adopt the tried-and-true motto, Be prepared