Linda â€śGâ€ť of ONE Sothebyâ€™s International Realty Miami Beach Set a Sales Record at The Majestic Tower in Bal Harbour. Another â€śRay of Hopeâ€ť in Todayâ€™s Challenging Real Estate Market. Miami Beach Continues to Rebound!
Online PR News – 28-July-2011 – – Linda â€śGâ€ť, with ONE Sothebyâ€™s International Realty Miami Beach recently closed on another of her luxury oceanfront condominium listings in one of the most sought after luxury condominium properties in Bal Harbour â€“ The Majestic Tower.
This rarely available line on the 17th floor is a beautiful 3 Bedroom 3.5 Bath 2,850 sq. ft. oceanfront condominium home with breathtaking unobstructed views of the ocean, coastline, Haulover inlet, Intracoastal waterway, bay and cityscapes. The unique location of this residence with floor to ceiling glass and a sweeping terrace provides the residents with panoramic eastern ocean views and western sunset views. Listed at $2,950,000, this luxury condominium closed at $2,900,000 after being on the market for less than a week. The sale of this residence set a SALES RECORD at the Majestic Tower as the price per square foot of $1,017.00 is the highest price per square foot ever paid at this luxury Bal Harbour tower.
View the exclusive website for this listing here â€“ http://www.MajesticTowerLuxuryCondo.com
Linda â€śGâ€ť stated â€śI am thrilled with closing this property at the sale price of $2,900,000, which was only $50,000 under the listed price. As the selling agent, the negotiation process can be very strenuous, especially these past few years, taking into consideration the challenges we are faced with every day with the uncertainties of a large portion of the real estate market. This luxurious oceanfront condominium was listed at a fair price and even in todayâ€™s market, I believe that an ultra luxurious property, such as The Majestic Tower should be able to hold itâ€™s value, even during the toughest of negotiations. This particular line in this building has been rarely offered on the market and itâ€™s location in the building is in my opinion the best location with the finest in breathtaking ocean and South Florida views. The end result in this real estate sale, my sellers were very happy with the price and the quick sale. And the buyers were also very happy as they purchased a unique and beautiful unit that exceeded all their expectations.
Linda added, â€śI canâ€™t say enough about how important the support that ONE Sothebyâ€™s International Realty Miami Beach and in particular Beth Butler, the COO and Broker provided to me. Without that support, this sale along with the new sales record for the Majestic Tower in Bal Harbour would not have happened.â€ť
Linda then added, â€śAs I do represent both sellers and buyers, I am very familiar with both sides of the negotiations.â€ť She continued, â€śwhen I am representing the sellers of a property that is valued and listed at a price that is right in line with the quality of the property, the location and many other factors, as the selling agent I am able to explain and defend our pricing for my sellers. The closing price while making my sellers happy, should also make the buyers happy when you are able to show them that even though they didnâ€™t get that â€śsteal dealâ€ť that everyone may be looking for, they paid a fair and realistic price in todayâ€™s market.â€ť
Commenting further, she added, â€śCertainly buyers are always looking for the best deal, and when I represent a buyer that is also my goal, but at the same time I let my clients know that property valuations and pricings are unique for each building and each location. If we are looking at a specific unit that is listed at a good price, or listed close to what I consider a realistic price, I let my buyers know that despite their possible desire to negotiate a much lower price, that we also run the risk of losing a chance to buy what might very well be their dream home and at an already realistic price from the beginning. I recognize that every seller and their selling position is unique, so Iâ€™m happy to test the waters of lower pricing possibilities, but a well priced luxury oceanfront or waterfront home or condominium should be recognized for that fact.â€ť
Linda also remarked that in the last few years she is working with buyers that have done a lot more of their own research. â€śWhile knowledge is power, and Iâ€™m glad to see more people educating themselves prior to contacting me, I have the occasional buyer contact me and begin to share with me all about the graphs and charts that they saw in a website or blog about median home or condominium prices for a particular city here in South Florida, I try and make it clear that while those numbers are enlightening, those numbers can be misleading and mean less than they might realize when looking to negotiate prices at a specific luxury building located directly on the ocean or water, whether that property is in Palm Beach or South Beach.â€ť
According to Linda, while we all know that real estate prices throughout the country have fallen due to many economic factors, there is still a limited amount of South Florida luxury oceanfront condominium residences, homes and properties to be had, and that uniqueness in itself certainly adds value to that market. The South Florida condominium boom of earlier this decade created a frenzy of investors and a glut in the South Florida real estate market just as the U.S. economy entered into the recession. It was a â€śperfect stormâ€ť to some degree and the effects will be felt for many years to come. Despite these facts, while downtown Miami and other inland areas may very well struggle for a few more years to get buyers to buy up a large percentage of the available condominium homes, that same problem will not plague (to the same degree) the more exclusive and luxury waterfront areas of South Beach, Miami Beach, Bal Harbour, Sunny Isles Beach and other communities located directly on the ocean. As an example, a number of luxury oceanfront buildings in Bal Harbour, Sunny Isles Beach and Miami Beach are currently listing up to 40% less available units for sale than they were just 7 months ago at the end of 2010.
Linda has recently sold 5 of her own EXCLUSIVE oceanfront listings in Bal Harbour and Sunny Isles Beach - Total sales in excess of $10,700,000. Her total real estate sales in 2011 is currently in excess of $12,200,000.
As a South Florida real estate waterfront specialist and the Top Producer at WCIâ€™s One Bal Harbour and Florida Prudential Realty before she joined ONE Sothebyâ€™s International Realty in Miami Beach early in 2010. Linda â€śGâ€ť and her Linda G Properties team serves buyers and sellers of luxury waterfront condominium residences and homes in the Miami Beach, South Beach, Bal Harbour, Sunny Isles Beach, Aventura and north to the Palm Beach areas. View Linda Gâ€™s South Florida luxury real estate website at http://www.LindaGproperties.com
ONE Sotheby's International Realty is the fastest growing luxury real estate brokerage firm in South Florida. The firm has opened offices in Fort Lauderdale, Coral Gables, Miami Beach and Key Biscayne and recruited more than 200 agents in just two years. An affiliate of Sotheby's International Realty, the global network currently has more than 10,900 sales associates throughout 500 offices in 42 countries and territories worldwide. ONE Sotheby's International Realty also benefits from an association with the venerable Sotheby's auction house, established in 1744.