AVENTURA REAL ESTATE BIGGEST SALES (09-08-17)

AVENTURA REAL ESTATE BIGGEST SALES

*as of September 8, 2017

 

 

Ralph Magin

WE HAVE THE KEY TO YOUR DREAM HOME. CHECK OUT REAL ESTATE PROPERTIES FOR SALE IN WILLIAMS ISLAND.

Call now for real estate inquiries! 305-741-2142 or visit www.ralphmagin.com

 

Bella Mare Aventura

6000 Island Blvd Aventura

 

Miami offers a premier living in the city as the Aventura present Bella Mare Aventura. It reflects comfort, convenience and luxury. The tower is 30-story high with 210 units that you can call home is designed by Robert M. Swedroe. Located at 6000 Island Blvd. Aventura and in the ultra-exclusive community of Williams Island rises the Sky Homes because of the 30-story high infrastructure that offers a views of the Intracoastal Waterway, the Atlantic and the city lights of Aventura.

 

Bella Mare Aventura has a state-of-the-art amenities from the lobby to the units, distinctive floor plans and interiors with intricate details such as the dramatic two-story lobby, two-story social room with a kitchen and bar, theater with stadium seating, a fully equipped fitness center, private breakfast club and lounge and executive boardroom. The units are of 2,185 to 4,430 square feet with walk-in wardrobe closets, marble baths with Jacuzzi whirlpool tubs, Luxurious SieMatic custom cabinetry, gourmet kitchens with Sub-Zero and Gaggenau appliances and Safety & Energy Saving Features.

Bella Maré Tower Amenities and Services:

  • Tower design by award-winning Architect Robert M. Swedroe
  • Landscape Architecture by award-winning Bradshaw Gill Associates, ASLA
  • Twenty-four hour staffed front desk security & valet
  • Closed circuit television surveillance system
  • Concierge services
  • Full-time Resident Manager on-site
  • Elegant furnished lobby
  • Social Room
  • Mailroom
  • Business Center
  • Petsitting
  • Shopping & gift wrapping
  • Travel arrangements & chartering
  • Vehicle maintenance
  • Home car

Luxury living at Bella Mare Aventura gives all the reason to live in the great city of Miami. Comfort, convenience and luxury in Miami at Bella Mare Aventura.

Source and photo credits: bellamareaventuracondos.com

Check out homes for sale in Aventura. Contact Ralph Magin, your trusted real estate agent, at 305-741-2142 or visit http://ralphmagin.com/ for real estate inquiries.

Ralph Magin, GRI, CRB, Broker Associate
Coldwell Banker Residential Real Estate
40 Years Experience Over 3,000 Homes Sold
305-741-2142 – RalphMagin@yahoo.com – www.RalphMagin.com

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WILLIAMS ISLAND REAL ESTATE BIGGEST SALES (08-01-17)

WILLIAMS ISLAND REAL ESTATE BIGGEST SALES

*as of September 1, 2017

 

Ralph Magin

WE HAVE THE KEY TO YOUR DREAM HOME. CHECK OUT REAL ESTATE PROPERTIES FOR SALE IN WILLIAMS ISLAND.

Call now for real estate inquiries! 305-741-2142 or visit www.ralphmagin.com

Williams Island Aventura – History

Williams island is a home of the most luxurious living. Over the years, famous celebrities and successful entrepreneurs chose Williams Island as their home or for a vacation get away. Not only that the island offers scenic views and relaxing beach, it is not far from the city to shop, dine and entertain themselves.

“Every story has a beginning, and the history of Williams Island dates back to the early 1980s. The Trump Group, headed by Eddie, Jules and Stephanie Trump from South Africa, discovered this Island peninsula nestled on 84-acres in the exclusive enclave of Aventura. Secluded and covered by Australian Pines, it was the ideal setting for a private Island community.

It became a true Island surrounded by Dumbfoundling Bay, Maule Lake and little Maule Lake with a continuous flow of water surrounding the island, with the building of a series of marinas at the entrance to Williams Island.

The luxury residences at Williams Island were among the first of their kind in the region. Elegant resort trappings…spectacular views…charming village scapes… once solely the realm of France’s Côte d’Azur and Italy’s Liguria coastline, these amazing lifestyle elements have been a part of Williams Island since the 1980s. The Trumps enticed Screen legend Sophia Loren to call Williams Island home. Sophia Loren served as a consultant to The Trumps on the charming Mediterranean Village. The Village was designed after Procida, one of the Flegrean Islands off the coast of Naples in southern Italy. Ms. Loren took the Trumps to visit the Island as they planned the Mediterranean Village at Williams Island.

Beginning with its first majestic residential tower in 1985 (4000 Island Boulevard), and continuing through its most recent additions – Villa Flora, which made its grand entrance in 2007 and Bellini in 2013. Williams Island has consistently set standards for beauty, grace and quality.

Other notable celebrities including Whitney Houston and former Miami Dolphins Head Coach Jimmy Johnson have all called Williams Island home. Australian tennis legend Roy Emerson helped found the Tennis Club and brought in celebrity tennis players from Jimmy Connors to John McEnroe to play at the Club. The Williams Island Spa, Marina and the Island Club emerged as the region’s ultimate leisure and social destinations. Miami’s notable philanthropists all held charity galas on the Island. Many residents fondly recall Bob Hope’s Christmas Special with Dolly Parton and Miami Vice’s Don Johnson held at Williams Island. Residents today include entertainers, industry leaders, successful entrepreneurs, community leaders, noted philanthropists and celebrity sports figures.

Williams Island is also home to 18 time winning Grand Slam Champion Tennis Legend Fred Stolle. Ranking seventh on the all-time list of champions, Mr. Stolle was a member of Australia’s Davis Cup teams from 1964 until 1967, where he won 13 of the 14 matches while playing on four victorious teams. He is a member of the International Tennis Hall of Fame, Australian Tennis Hall of Fame and the Australian Sports Hall of Fame.”

Source Credit: williamsislandclub.com
Photo Credit: pixabay.com

Check out homes for sale in Aventura. Contact Ralph Magin, your trusted real estate agent, at 305-741-2142 or visit http://ralphmagin.com/ for real estate inquiries.

Ralph Magin, GRI, CRB, Broker Associate
Coldwell Banker Residential Real Estate
40 Years Experience Over 3,000 Homes Sold
305-741-2142 – RalphMagin@yahoo.com – www.RalphMagin.com

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SUNNY ISLES REAL ESTATE BIGGEST SALES (08-25-17)

 

SUNNY ISLES REAL ESTATE BIGGEST SALES

*as of August 25, 2017

 

 

Ralph Magin

WE HAVE THE KEY TO YOUR DREAM HOME. CHECK OUT REAL ESTATE PROPERTIES FOR SALE IN SUNNY ISLES.

Call now for real estate inquiries! 305-741-2142 or visit www.ralphmagin.com

The Newport Fishing Pier Miami Beach at Sunny Isles

 

Miami Beach is blessed with the natural resources. The welcoming beach is something that the residents are to be proud of. Having great beaches is an opportunity for relaxing time for fishing as implied by the historic pier at Newport Fishing Pier Miami Beach/Sunny Isles. Flocks of tourist and residents come here since 1936 and is a historic landmark in 1982. Unfortunately, the only public fishing pier in Miami-Dade County was horribly destroyed by Hurricane Wilma in 2005.

The reconstruction of the Newport Fishing Pier Miami Beach/Sunny Isles took a while resulting to the closure of the pier for a few years since the hurricane in 2005. Just this year, the rebuilt Newport Fishing Pier Miami Beach/Sunny Isles was simply amazing with a port length stretching to 776 ft. and 610 ft. of it is over the water. The port was rebuilt with a lifeguard observation area, public fishing concession and a classy restaurant nearby. Materials used for the new Newport Fishing Pier is sturdy enough to withstand future corrosion. The reconstructed Newport Fishing Pier Miami Beach/Sunny Isles was opened for the public just in time for summer this year, June 15 with the symbolic cutting of the ribbon and fireworks. The port is now back in operation for the residents and tourists.

 

Take some time to visit the reconstructed Newport Fishing Pier Miami Beach/Sunny Isles and admire the wondrous place of Miami.

Check out homes for sale in Miami. Contact Ralph Magin, your trusted real estate agent, at 305-741-2142 or visit ralphmagin.com for real estate inquiries.

Ralph Magin, GRI, CRB, Broker Associate
Coldwell Banker Residential Real Estate
40 Years Experience Over 3,000 Homes Sold
305-741-2142 – RalphMagin@yahoo.com – www.RalphMagin.com

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NORTH MIAMI BEACH REAL ESTATE BIGGEST SALES (08-18-17)

NORTH MIAMI BEACH REAL ESTATE BIGGEST SALES

*as of August 18, 2017

 

Ralph Magin

WE HAVE THE KEY TO YOUR DREAM HOME. CHECK OUT REAL ESTATE PROPERTIES FOR SALE IN NORTH MIAMI.

Call now for real estate inquiries! 305-741-2142 or visit www.ralphmagin.com

 

City of North Miami Beach – History

The Early Days

Captain William H. Fulford was attracted to what is now North Miami Beach during his Coast Guard patrol along the Atlantic side of the peninsula during the Spanish-American War. In 1881 he explored Big Snake Creek (later renamed the Oleta River) and found this area amid lowlands, marshes, and mangroves, a retreat from the fury of the Atlantic. See Oleta River State Park History.

When Henry Flagler extended the Florida East Coast Railway from West Palm Beach to Miami in 1896, he placed depots at numerous spots along the route, and small towns quickly developed around those stops. Many of the settlers to the area were homesteaders who were attracted to the area by offers of 160 acres of free land by the federal government. In 1897, utilizing the Homestead Act, Captain Fulford acquired a 160-acre land patent from President Grover Cleveland.

During the 1890’s settlers established farms along the east side of the Oleta River. That area was originally named Ojus in 1897 by Albert Fitch, a farmer who wanted to grow pineapples in the rich soil. The word Ojus is a Seminole word for “plenty” or “lots of”, and when Fitch was in the area, Ojus grew plenty of peas, beans, sugar cane, and tomatoes.  See A Bit of Ojus History.

The distance between Fulford and Ojus was only a mile or so, but it was great enough in those days of poorly paved roads and difficult travel conditions to generate separate communities. In the early 1900’s rock mining in the area began and it was discovered that the rock coming out of Ojus had qualities that made it ideal for road building. Rock mining continued around the area, creating many lakes such as Maule Lake and the lakes in the Sky Lake neighborhood.

Plans for “perfect city”

In 1912, Lafe Allen, a former newspaper owner, came to Florida. He and an associate purchased Captain Fulford’s original grant plus additional property with the idea of developing and selling lots. Eventually, they purchased 557 acres of land. In 1917, Mr. Allen made plans for a “perfect city” calling for 80-foot wide residential streets and 100 and 125-foot wide business thoroughfares. North Miami Beach’s street layout is as the pioneer pictured it in 1917 with wide avenues named Fulford Boulevard (now known as NE 172nd Street) and Flagler Boulevard (now known as NE 19th Avenue). The Fulford-by-the-Sea Company began selling lots in 1922. During the Florida land boom of the 1920’s, lots were sometimes sold eight times before ever being recorded.

Fulford By-the-Sea rapidly growing

The years of 1924-1926 saw rapid developments when Merle C. Tebbetts, president of the Florida Cities Finance Company, took over development. A Chamber of Commerce was formed to disseminate information and produced the Fulford By-the-Sea News, a monthly newspaper providing development news for the area.  A group of administrative buildings were located in Central Park, on the area occupied by today’s city hall building.

One of south Florida’s first radio stations, WGBU, a 500-watt station, began broadcasting in 1925 from its 150-foot tower also located in Central Park. A power plant generating 125 kilowatts was built on Flagler Boulevard opposite Central Park.

One of the largest fountains in South Florida was built at the entrance to Fulford By-The-Sea. It was planned to be one of five fountains to be built at each of the main entrances to the area. This fountain is listed today as a Dade Historical Site and is known as the Fulford Monument, the prominent feature of today’s city logo.

 

Florida Land Boom

 

There were a great many people from all over the United States with money to invest in the great Florida Land Boom of the mid-1920’s.  They flocked to South Florida in hopes of getting rich buying and selling real estate, sending home tales of riches made when orange groves and swamp lands were subdivided, sold, and developed.

 

Merle Tebbets brought people in from all over the state by busloads to see his Fulford By-the-Sea and to give his land sales pitch.  He also brought them up from Miami Beach using his tour boats on the Intracoastal Waterway.

Fulford-Miami Speedway

In 1925, Carl Fisher (who built the Indianapolis Speedway in 1909) was developing Miami Beach and envisioned this area as the winter auto racing capital of the world.  He built the world’s fastest 1-1/4 mile “boardtrack” (a wooden, oval race track). The outstanding features of the track were the 50 degree banked turns. Turns banked this steep required a speed of at least 110 miles per hour to keep the race car from sliding down into the infield.  The turns at today’s Daytona International Speedway are banked at only 32 degrees. In 1926, the Fulford-Miami Speedway held its first and only racing event attracting a crowd of 20,000 spectators, some of whom paid up to $15 for a box seat.  It was located at the northern end of Flagler Boulevard (NE 19th Avenue) in today’s Sky Lake neighborhood before being demolished in the hurricane of 1926.

In 1925, Carl Fisher (who built the Indianapolis Speedway in 1909) was developing Miami Beach and envisioned this area as the winter auto racing capital of the world.  He built the world’s fastest 1-1/4 mile “boardtrack” (a wooden, oval race track). The outstanding features of the track were the 50 degree banked turns. Turns banked this steep required a speed of at least 110 miles per hour to keep the race car from sliding down into the infield.  The turns at today’s Daytona International Speedway are banked at only 32 degrees. In 1926, the Fulford-Miami Speedway held its first and only racing event attracting a crowd of 20,000 spectators, some of whom paid up to $15 for a box seat.  It was located at the northern end of Flagler Boulevard (NE 19th Avenue) in today’s Sky Lake neighborhood before being demolished in the hurricane of 1926.

Hurricane of 1926

The city, which had been unincorporated at the time of the great hurricane in 1926, sustained devastating damage. The speedway and radio station were blown down and demolished. The hurricane essentially ended the South Florida real estate boom, and it did not flourish again until after World War II.  In an effort to obtain funds and assistance to alleviate their losses and suffering, the local residents banded together as the Town of Fulford and in 1927 incorporated as the City of Fulford.

The City is Renamed

In 1931, the state legislature authorized a new charter for the city. Beachfront property was annexed and the name of the municipality was changed from Fulford to North Miami Beach to reflect the 1931 boundaries and to take advantage of the nationwide advertising associated with the Miami Beach area in an effort to capitalize on that city’s growing fame. At that time there were about three miles of beach property from Sunny Isles south that were in the incorporated area, so it was a legitimate name. By 1933 there was a councilmanic form of government with five council members and a mayor as the capital head.

City Hall Constructed

In 1936, President Franklin D. Roosevelt signed approval of a Works Progress Administration appropriation of $16,000 for remodeling and rebuilding the old Fulford By-the-Sea power plant building (located on the west side of NE 19 Avenue at NE 170 Street) into a city hall.

Greynolds Park

A.O. Greynolds owned an old rock quarry near the Oleta River in Ojus, a site which had been inhabited by the Tequesta Indians and had later become a Seminole trading post.  As road construction moved north,  the quarry was abandoned.  Dade County approached Greynolds to donate the land for a park and agreed to name it after him.   See the transformation of this Rock Quarry to Park Oasisthat in 1936 became a popular Miami-Dade County park for the residents of North Miami Beach.

Water Plant Purchased

In 1945, the city issued water bonds and the Sunny Isles Water Company was purchased. The second water expansion project was completed in 1954. Metered water customers increased from 1,611 in 1951 to over 32,000 today.

Ancient Spanish Monastery

Originally built in Spain in 1141, the monastery was purchased in 1925 by William Randolph Hearst and the structures were dismantled stone by stone, packed in wooden crates, and shipped to the United States.  It was reassembled at its site of 16711 West Dixie Highway in the early 1950’s and has become a popular location for weddings.

The year 1951 saw the completion of State Road 826, also known as North Miami Beach Boulevard. Residential areas, businesses, and professional people began moving in. The development of the 163rd Street Shopping Center reflected this tremendous growth in 1956. In 1958, a new charter was voted on making the city a council/manager form of government which still prevails today.

The 60s-70s

From 1961 to the present, growth and development have been impressive. The city embarked on a $2.1 million public works program having as its core a new four-story city hall with an adjoining auditorium and swimming pool which was completed in 1963. Also included was the street widening and beautification of NE 19th Avenue, coupled with street lighting from NE 163rd Street to 185th Street, widening of the 19th Avenue Bridge, construction of a new bridge over the Snake Creek Canal on NE 15th Avenue, and the extension of street lighting on NE 163rd Street from Biscayne Boulevard to the Sunny Isles Bridge.

In 1965, a new public safety building was erected on the site of the old Fulford By-the-Sea waterworks. In the same year, the Lafe Allen Memorial Library was also constructed.

The year of 1966 saw the completion of the city tennis complex and two community centers, Victory Park and Uleta Community Center. In 1968, the Washington Park Community Center was built, and the Allen Park Youth Center was completed in 1973, as well as six additional hard courts at the tennis center. New racquetball courts were added at the tennis center in 1975. Federal grants were obtained in 1979 to expand the McDonald Senior Center and Washington Park Community Center.

Hanford Boulevard

The City Council changed the name of NE 164th Street to Hanford Boulevard in 1975, in honor of Lenore Hanford, whose father was one of, if not the City’s most influential early pioneers, Lafayette Allen. Lenore Hanford presided over Allen-Hanford, Inc. for many years.  Hanford led the effort to build North Miami Beach Boulevard (a.k.a. S.R. 826 and 163rd Street), and in the 1950s, as housing development boomed, observed the construction of the Mall at 163rd Street.  The Mall, which was the first regional mall to be built in Florida, is the western anchor of Hanford Boulevard.

The 1980’s

The 1980s were typical of the growth and development from the prior years. The city expanded its parks, beautification was intensified, and in 1984, a new addition was added on to the existing city hall complex.

Over the next five years, there were impressive gains in new construction, commercial renovations, new business development, retail sales, beautification, and more. These strides are the result of a city council dedicated to the future health of its business community. The city council has expanded beyond the traditional city role with a program of policies and services designed to encourage real estate and business.

The 1990s

In 1993 the voters in North Miami Beach approved a $10 million bond issue to build a state-of-the-art police station and redevelop infrastructure in the Government Center neighborhood.  The new Public Safety building was built at 16901 NE 19 Avenue, just south of the City Hall building.  The success of the Government Center Project provided additional momentum to the city’s efforts to promote neighborhood stability throughout the city.

In 1994, the library completed a major three-year expansion and renovation project that doubled its size to over 23,000 square feet.

Since 2000

In September 2000 the voters approved a $17.5 million bond issue for neighborhood construction improvements. The bond program known as Proud Neighborhoods consisted of 67 different projects aimed at upgrading streets, sidewalks, lighting, and landscaping in each neighborhood of the city. Completed in August 2006, this five year construction program brought dramatic improvements to the City’s neighborhoods, and led to an advertising campaign called “Now More Beautiful”.

In 1938, the United States census denoted 2,129 citizens and in 1955 there were 10,000. Today, the city has grown to just over 41,000 residents.

With excellent municipal facilities, fine police protection, good cultural programs and services, the residents and community leaders want everyone to know that the City of North Miami Beach is the city “Where People Care”.

Sources and Photo credits: citynmb.com

Check out homes for sale in Miami. Contact Ralph Magin, your trusted real estate agent, at 305-741-2142 or visit ralphmagin.com for real estate inquiries.

Ralph Magin, GRI, CRB, Broker Associate
Coldwell Banker Residential Real Estate
40 Years Experience Over 3,000 Homes Sold
305-741-2142 – RalphMagin@yahoo.com – www.RalphMagin.com

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NORTH MIAMI KEYSTONE SANS SOUCI REAL ESTATE BIGGEST SALES (08-11-17)

NORTH MIAMI KEYSTONE SANS SOUCI REAL ESTATE BIGGEST SALES

*as of August 11, 2017

 

Ralph Magin

WE HAVE THE KEY TO YOUR DREAM HOME. CHECK OUT REAL ESTATE PROPERTIES FOR SALE IN NORTH MIAMI.

Call now for real estate inquiries! 305-935-2696 or visit www.ralphmagin.com

North Miami

 North Miami is a 2010 All-America City award winner for its convenient location and a home to one of the most ethnically diverse communities in the entire state. This family friendly city is great place to live with easy access to beach, airport and several tourist attractions.

The fifth largest city in Miami Dade, North Miami is located between Miami and Ft. Lauderdale close to beaches which is the where most tourist look forward to. Residents and tourists are at home in this city for all the great places like, Oleta River State Park,  Arch Creek Park, Museum of Contemporary Art and so much more.

North Miami has a rich history dating back to the 1800’s.  After becoming incorporated on February 5, 1926, the City grew exponentially from then on.  A tour through North Miami demonstrates that the City boasts the largest concentration of mid-century modern buildings in South Florida, it is committed to a strong educational and arts community, to pride in its beautiful parks, and is moving forward towards a healthier, greener community.

Population estimates, July 1, 2016, (V2016) 62,139

 

PEOPLE
Population
Population estimates, July 1, 2016, (V2016) 62,139
Population estimates base, April 1, 2010, (V2016) 59,581
Population, percent change – April 1, 2010 (estimates base) to July 1, 2016, (V2016) 4.3%
Population, Census, April 1, 2010 58,786

 

Beautiful people, astonishing place and a marvelous living experience at the city of North Miami is worth the investment. Live in North Miami and live an amazing life here at North Miami

Sources and Photo credits:  https://www.census.gov/quickfacts/fact/table/northmiamicityflorida/PST045216,northmiamifl.gov,northmiamihistory.com

Check out homes for sale in Miami. Contact Ralph Magin, your trusted real estate agent, at 305-741-2142or visit ralphmagin.com for real estate inquiries.

Ralph Magin, GRI, CRB, Broker Associate
Coldwell Banker Residential Real Estate
40 Years Experience Over 3,000 Homes Sold
305-741-2142 – RalphMagin@yahoo.com – www.RalphMagin.com

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MIDTOWN MIAMI REAL ESTATE BIGGEST SALES (08-04-17)

 

MIDTOWN MIAMI REAL ESTATE BIGGEST SALES

*as of August 04, 2017

 

Ralph Magin

WE HAVE THE KEY TO YOUR DREAM HOME. CHECK OUT REAL ESTATE PROPERTIES FOR SALE IN MIDTOWN MIAMI.

History: City of Miami, the Magic City

        A little more than a century ago, a city sprung up almost overnight. As a result, one of Miami’s many nicknames is the Magic City. Much like her geographical description, Miami’s history is colorful, magnetic and exotic. Ever-evolving, Miami is surging as a major international port and a gateway for global industries establishing footholds in the U.S. despite the City’s relatively young age.

Early inhabitants depended on the Miami River for food and spoke of their “Mayaimi” with pride. These early Native American settlers were known as the “Tequestas.” Later, Juan Ponce de Leon was the first European to visit in 1513 and Spain is credited for the first recorded landing in 1566. Shortly after the Spanish rule established a mission on the river’s north bank, the Tequestas were targeted for conversion to Christianity. The attempt failed and a majority of the tribe, disease-stricken with small pox and other illnesses died.

The attack of the United States land expansion to displace and relocate American Indians brought large migrations of Native Americans around the late 1700’s to South Florida. “Cimmarrones” as the Spanish referred to them became known as the fierce tribe called the Seminoles. After Florida was ceded to the United States and purchased from Spain in 1819, three major wars were waged by the Seminoles against the U.S. Government. The Miami area was devastated by the second ward and was known as one of the worst events in American history. These wars attributed for the slow settlement of Miami until 1842.

Then, William English charted the “Village of Miami” and the village was established on the south bank of the Miami River. One the north side of the river, Julia Tuttle, a wealthy widow from Ohio, purchased a large citrus plantation in addition to a plot she inherited. She had envisioned the City as a gateway for international trade. This notion prompted her to persuade the millionaire Henry Flagler to extend his railroad to Miami, but he was hesitant. To aid her in her quest, Miami was hit by a severe freeze in the winter of 1894 which had no effect on her crops. This made Tuttle the sole producer of citrus that year. Tuttle along with William and Mary Brickell persuaded Flagler of the potential and agreed to give him land in exchange.

By April 1896, the railroad tracks reached Miami and in July a meeting was held to incorporate the city. The right to vote was restricted to men and a third of the voters were Bahamian immigrants. The City was incorporated in 1896 with 444 citizens under the name of “The City of Miami”.

Along with the railroad, Flagler financed and built streets, water and power systems and a resort hotel. Canals were made to drain water from the everglades that covered a majority of the land. It was no surprise that Miami soon became an instant tourist attraction and retreat for the rich and famous. This prompted the first of many real estate booms.

Several years later John Collins and Carl Fisher, two prominent men in the City’s history, became promoters of Miami living. They transformed the Miami Beach area into one of the hottest tourist spots in the country. To ensure a steady influx of visitors, Collins built hotels and fisher built shops, nightclubs and the Dixie Highway. This boom lasted until one of many hurricanes in 1926 hit the area prior to the Great Depression.

The Art Deco District was born out of this era due to post hurricane re-development in the area. Also, Overtown, an area slated for African-Americans, was a hot spot for the harlem renaissance elite. Once known as “Little Broadway” head liners like Duke Ellington, Louis Armstrong, Cab Calloway and others frequented Miami Beach.

 

Furthermore, World War II stabilized the economy in Miami due to the hundreds of thousands of servicemen training in South Florida. The war ended and many of these servicemen returned to Miami pushing another development boom by 1950.

In 1959, the Cuban dictator Fidel Castro came to power. What followed was a mass exodus of people from Cuba to Miami. Hundreds of thousands of Cubans came to Miami thinking it to be a temporary home until their home was freed from its communistic reign. An invasion of Cuba was planned by the U.S., which became known as “The Bay of Pigs”, but was disrupted when the Soviet Union threatened the U.S. with warfare.

 

Since the late 1960’s, Miami has become a mix of cultural influences. The city experiences a large population growth with neighborhoods known as Little Havana, which was established with over 500,000 Cuban-Americans. Prior to this population growth, the African-American and Caribbean population made up approximately one-third of the total population. The late 1970’s saw yet another immigration influx when over 100,000 Haitians and Nicaraguans fled their countries’ newly overthrown governments. Finally, in 1980, the Mariel boatlift transported an additional 150,000 Cubans to Miami.

With a continuing vision on global economies, Miami has become the headquarters for many multi-national companies and financial institutions. The City has the largest concentration of international banks in the country. It is also known as an attractive location for the rich and famous, but consistently ranks as one of the top poorest cities in the country.

For FY 2014-15, challenges remain. The cost of pension plans continues to increase from one year to the next as the pension plan portfolio’s performance is stabilized. The cost of worker compensation and regulatory concerns related to the Affordable Health Care Act, and various post-employment benefits liability reporting requirements also pose a challenge. Capital improvements needs continue to increase as the City has deferred maintenance, vehicle purchases, and other capital expenditures.

Implementation of the living wage, future collective bargaining agreements, outstanding legal cases, and environmental remediation also are causes for concern. The Administration is continuing to work with all stakeholders to reach solutions that will be sustainable while meeting demands for increased service levels in public safety and building planning and construction.

The future for the City of Miami is cautiously optimistic. The Greater Miami Visitors and Convention Bureau has released data that shows greater numbers of visitors arriving through the City’s ports, higher hotel room occupancy rates, and more dollars being spent on food and beverage in our restaurants. Additionally, the taxable property values grew 7.8 percent in 2014; this was the third year with an increase after the real estate crash of 2008. This reversal of property value trend along with the visible increase in construction planning and permitting activity in the City, points to the recovery in the City’s economy.

Sources,  Original Content   and Photo credits: City of Miami Proposed Operating Budget Fiscal Year 2014-15,
citynmb.com and miamigov.com

Check out homes for sale in Miami. Contact Ralph Magin, your trusted real estate agent, at 305-741-2142 or visit www.ralphmagin.com for real estate inquiries.

Call now for real estate inquiries! 305-741-2142 or visit  www.ralphmagin.com

Ralph Magin, GRI, CRB – Coldwell Banker Residential Real Estate
Broker Associate – 35 Years Experience
305-741-2142
RalphMagin@yahoo.comwww.RalphMagin.com

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MIAMI SHORES REAL ESTATE BIGGEST SALES (07-14-17)

MIAMI SHORES REAL ESTATE BIGGEST SALES

*as of July 14, 2017

Ralph Magin

WE HAVE THE KEY TO YOUR DREAM HOME. CHECK OUT REAL ESTATE PROPERTIES FOR SALE IN MIAMI SHORES.

Call now for real estate inquiries! 305-935-2696 or visit www.ralphmagin.com

Image Credit: istockphoto.com

Ralph Magin, GRI, CRB – Keller Williams Elite Properties
Broker Associate – 35 Years Experience
305.935.2696 Fax 305.328.9267
RalphMagin@yahoo.com – www.RalphMagin.com

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