Selling Property For Less Than What Is Owed To The Bank
A Short Sale Summary
There are 92 condos in Miami Beach with listing prices of $350,000 or more being offered as short sales as of 7/4/2009.
Contact us to learn of additional units being offered as short sales.
Lowest Asking Price: $350,000
Highest Asking Price: $3,000,000
Prices may be further reduced, in some cases. |
 |
Condo Owners:
Are You Eligible to Short Sell Your Condo? |
|
If you owe your lender more than
you believe your condo is worth today, and you are having a
financial hardship, your lender may permit you to sell your condo
for less than what you owe. Contact us to learn more. |
|
zilbert_contact@zilbert.com |
More About Short Sales
 If you are a properly-qualified buyer, you may find this to be a
great
time to buy real estate. You have the potential to buy first-class
properties at prices that are often below market prices.
Lenders who have financed many of these properties are trying to avoid foreclosures. If the
situation is right, they will gladly allow a property to be sold for a
fraction of what the owner owes them. There are many reasons why the lenders
are motivated, and we would be happy to discuss them with you.
Before you get too excited, however, you should know that the number of
great deals, particularly in South Beach, Bal Harbour and other beach cities
may be less than what you imagine. Understand that short sales are quite
rare, even in today's market. Our current list (see below) of short sale
properties for sale in Miami Beach shows only 92
condos for sale (Source: SEF MLS properties listed
at $500,000 or higher). Every now and then we find something amazing,
but it's not an every day occurrence.
There are a few things you need to be aware of as a buyer of a short sale
property:
- You must be an all-cash buyer, AND
- Financing will not be permitted on these sales (cash only), AND
- It normally takes about 3 months to complete a short sale
When you make your offer, you must be able to prove that you have the
funds to make the purchase. A letter from your bank is normally sufficient.
Your offer is always going to be subject to lender approval, and this can
take 30-90 days, sometimes longer. So, you will need to be patient.
Why use Zilbert Realty
Group to Help You Buy A Short Sale Property?
 When you
engage a transaction broker to help you find and purchase a short sale
property, you should understand that the short sale process is very
complicated. Your broker needs to be skilled in the handling of short
sale offers and negotiation with lenders. Often, the seller of the
property that you may wish to pursue has engaged a listing broker who does
not have the skills to negotiate and process a short sale with a lender.
This is where our role as the buyer's transaction broker becomes
especially-important. We sometimes need to guide the listing
agent through the process.
So, as a buyer, seek out the best people to help you find and acquire a
short sale property. The sales associates at Zilbert Realty Group are
paving the way for short sales in Miami Beach. We are happy to assist
you.
I'm Here To Help
Mark Zilbert
E-Mail MeOffice: (305) 726-0100 x4500
Cell: (786) 280-0201
|
|
| All 92 Short Sale Units For Sale |
Click on any link to get additional information. The properties shown below have a listing price of $199,000 or higher.
Source: Southeast Florida MLS 1 Bedroom Units For Sale at Short Sales in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | s.f. (m) | Listing Date | Details |  12.3% |
 | Cosmopolitan |
2505 |
$350,000 |
$423.73 |
1/1/0 |
826 (76.7) |
2009-04-28 |
MORE |
| |
| Flamingo South Beach |
450S |
$350,000 |
$454.55 |
1/1/0 |
770 (71.5) |
2009-06-08 |
MORE |
| 6.7% |
| Roney Palace |
1019 |
$350,000 |
$388.89 |
1/1/0 |
900 (83.6) |
2009-06-17 |
MORE |
| |
| The Cosmopolitan |
1806 |
$350,000 |
$510.20 |
1/1/0 |
686 (63.7) |
2009-06-24 |
MORE |
| 19.8% |
| The Meridian Condo Lofts |
426 |
$359,900 |
$372.57 |
1/1/1 |
966 (89.7) |
2008-06-12 |
MORE |
| 16.3% |
| The Waverly |
3303 |
$360,000 |
$446.65 |
1/1/0 |
806 (74.9) |
2008-03-26 |
MORE |
| 7.7% |
| The Bentley Bay |
2312 |
$360,000 |
$461.54 |
1/1/0 |
780 (72.5) |
2009-01-27 |
MORE |
| 17.4% |
| The Carlyle |
3D |
$380,000 |
$529.99 |
1/1/0 |
717 (66.6) |
2008-08-26 |
MORE |
| |
| Roney Palace Condo |
1625 |
$380,000 |
$447.06 |
1/1/0 |
850 (79.0) |
2009-07-02 |
MORE |
| 9.3% |
| The Bantley Bay |
502 |
$399,000 |
$498.75 |
1/1/0 |
800 (74.3) |
2008-08-11 |
MORE |
| 2.7% |
| Yacht Club At Portofino |
907 |
$399,000 |
$539.19 |
1/1/0 |
740 (68.7) |
2008-10-15 |
MORE |
| 7.0% |
| Ocean Place |
7J |
$399,900 |
$553.11 |
1/1/0 |
723 (67.2) |
2009-03-09 |
MORE |
| 1.2% |
| Roney Palace |
1524 |
$405,000 |
$450.00 |
1/1/0 |
900 (83.6) |
2008-09-29 |
MORE |
| 90.0% |
| The Waverly |
2510 |
$420,000 |
$529.63 |
1/1/1 |
793 (73.7) |
2009-06-04 |
MORE |
| 4.4% |
| The Mercury Condo Hotel |
101 |
$439,090 |
$770.33 |
1/1/0 |
570 (53.0) |
2008-09-01 |
MORE |
| 4.3% |
| Grand Venetian |
1905 |
$440,000 |
$517.65 |
1/1/1 |
850 (79.0) |
2009-03-16 |
MORE |
| |
| Icon Condo |
1108 |
$450,000 |
$528.79 |
1/1/1 |
851 (79.1) |
2008-11-03 |
MORE |
| |
| Roney Palace Condo |
1515 |
$450,000 |
- |
1/1/0 |
- |
2009-02-04 |
MORE |
| |
| Icon Condo |
1208 |
$470,000 |
$552.29 |
1/1/0 |
851 (79.1) |
2009-02-03 |
MORE |
| 5.0% |
| Bentley Bay |
2113 |
$475,000 |
$593.75 |
1/1/0 |
800 (74.3) |
2009-02-06 |
MORE |
| 4.0% |
| The Bentley Bay |
1603 |
$499,000 |
$424.68 |
1/2/0 |
1175 (109.2) |
2008-10-30 |
MORE |
| |
| De Soleil |
PH04 |
$900,000 |
- |
1/1/0 |
- |
2009-02-06 |
MORE |
2 Bedroom Units For Sale at Short Sales in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | s.f. (m) | Listing Date | Details | | 12.5% |
| Flamingo South Beach |
748S |
$350,000 |
$329.88 |
2/2/0 |
1061 (98.6) |
2009-05-14 |
MORE |
| |
| Roney Palace |
426 |
$350,000 |
- |
2/2/0 |
- |
2009-05-16 |
MORE |
| |
| Flamingo |
448S |
$365,000 |
$344.02 |
2/2/0 |
1061 (98.6) |
2009-05-19 |
MORE |
| |
| Flamingo South Beach |
548S |
$365,000 |
$344.02 |
2/2/0 |
1061 (98.6) |
2009-05-20 |
MORE |
| |
| Flamingo South Beach |
324S |
$365,000 |
$335.79 |
2/2/0 |
1087 (101.0) |
2009-05-20 |
MORE |
| 7.5% |
| Floridian |
2204 |
$369,000 |
$342.30 |
2/2/0 |
1078 (100.1) |
2009-03-30 |
MORE |
| 11.8% |
| The Waverly |
1006 |
$375,000 |
$332.74 |
2/2/0 |
1127 (104.7) |
2009-04-13 |
MORE |
| 11.8% |
| The Floridian |
2908 |
$375,000 |
$314.86 |
2/2/0 |
1191 (110.6) |
2008-11-21 |
MORE |
| 5.0% |
| The Cosmopolitan |
2403 |
$379,000 |
$375.25 |
2/2/0 |
1010 (93.8) |
2008-12-10 |
MORE |
| 13.3% |
| Floridian |
812 |
$390,000 |
$340.02 |
2/2/0 |
1147 (106.6) |
2008-11-22 |
MORE |
| |
| Costa Brava Condo |
1504 |
$394,000 |
$265.50 |
2/2/0 |
1484 (137.9) |
2009-06-16 |
MORE |
| |
| Costa Brava |
2008 |
$395,000 |
$292.59 |
2/2/0 |
1350 (125.4) |
2009-06-23 |
MORE |
| |
| Yacht Club |
612 |
$395,000 |
$349.56 |
2/2/0 |
1130 (105.0) |
2009-06-12 |
MORE |
 24.7% |
| The Floridian |
1610 |
$399,000 |
$354.67 |
2/2/0 |
1125 (104.5) |
2009-05-26 |
MORE |
| |
| Washington Corner Condos |
4 |
$407,000 |
$370.00 |
2/1/1 |
1100 (102.2) |
2009-02-21 |
MORE |
| 1.9% |
| Flamingo South Beach |
922S |
$409,642 |
- |
2/2/0 |
- |
2008-08-26 |
MORE |
| 6.5% |
| Roney Palace |
1126 |
$419,900 |
$355.85 |
2/2/0 |
1180 (109.6) |
2008-04-11 |
MORE |
| 6.5% |
| Yacht Club At Portofino |
703 |
$419,900 |
$388.80 |
2/2/0 |
1080 (100.3) |
2009-04-01 |
MORE |
| |
| Roney Palace |
306 |
$420,000 |
$341.46 |
2/2/0 |
1230 (114.3) |
2009-04-13 |
MORE |
| 15.0% |
| The Lofts At Alliage |
206 |
$425,000 |
$338.38 |
2/2/0 |
1256 (116.7) |
2009-03-03 |
MORE |
| 6.5% |
| Mirador |
PH26 |
$449,000 |
- |
2/2/0 |
- |
2009-01-21 |
MORE |
| 12.5% |
| Roney Palace |
1606 |
$450,000 |
$365.85 |
2/2/0 |
1230 (114.3) |
2009-01-26 |
MORE |
| 4.2% |
| Bentley Bay Condo |
714 |
$459,000 |
$433.84 |
2/2/0 |
1058 (98.3) |
2009-06-04 |
MORE |
| 4.8% |
| Murano Grande |
605 |
$475,000 |
$330.55 |
2/2/0 |
1437 (133.5) |
2009-05-27 |
MORE |
| 4.8% |
| The Floridian |
2603 |
$475,000 |
$402.54 |
2/2/0 |
1180 (109.6) |
2008-09-26 |
MORE |
| |
| The Waverly |
1806 |
$475,000 |
- |
2/2/0 |
- |
2009-04-29 |
MORE |
| |
| The Floridian Condo |
301 |
$479,000 |
$380.76 |
2/2/0 |
1258 (116.9) |
2009-06-11 |
MORE |
| |
| Washington Corner |
9 |
$495,000 |
$450.00 |
2/2/0 |
1100 (102.2) |
2009-05-15 |
MORE |
| |
| The Grand Venetian Condo |
802 |
$499,000 |
$341.08 |
2/2/0 |
1463 (135.9) |
2009-06-03 |
MORE |
| 16.7% |
| Meridian Lofts |
311 |
$499,000 |
$344.14 |
2/2/1 |
1450 (134.7) |
2007-06-27 |
MORE |
| 0.0% |
| Sobe Bay |
206 |
$500,000 |
$374.53 |
2/2/1 |
1335 (124.0) |
2009-01-23 |
MORE |
| 33.3% |
| Bentley Bay |
2003 |
$500,000 |
$425.53 |
2/2/0 |
1175 (109.2) |
2008-10-02 |
MORE |
| 33.3% |
| Bentley Bay |
1903 |
$500,000 |
$425.53 |
2/2/0 |
1175 (109.2) |
2008-10-03 |
MORE |
| 2.7% |
| The Waverly |
3106 |
$506,000 |
$448.98 |
2/2/0 |
1127 (104.7) |
2008-07-29 |
MORE |
| 12.4% |
| Bentley Bay |
2414 |
$525,000 |
$496.22 |
2/2/0 |
1058 (98.3) |
2008-11-21 |
MORE |
| |
| The Bentley Bay |
1414 |
$550,000 |
$519.85 |
2/2/0 |
1058 (98.3) |
2008-11-06 |
MORE |
| 18.5% |
| The Bentley Bay |
1711 |
$550,000 |
$439.30 |
2/2/0 |
1252 (116.3) |
2007-07-20 |
MORE |
| 7.6% |
| Washington Corner |
2 |
$550,000 |
$500.00 |
2/2/0 |
1100 (102.2) |
2009-03-18 |
MORE |
| 20.7% |
| Roney Palace Condo |
PH22 |
$595,000 |
$483.74 |
2/2/0 |
1230 (114.3) |
2006-11-20 |
MORE |
| 7.8% |
| The Meridian |
409 |
$595,000 |
$410.34 |
2/2/1 |
1450 (134.7) |
2009-03-18 |
MORE |
| 11.4% |
| The Bentley Bay Condo |
1102 |
$620,000 |
$413.61 |
2/2/0 |
1499 (139.3) |
2008-03-04 |
MORE |
| 10.7% |
| Murano Grande |
707 |
$625,000 |
$376.96 |
2/2/0 |
1658 (154.0) |
2009-02-18 |
MORE |
| 13.8% |
| Icon |
1006 |
$750,000 |
$516.53 |
2/2/0 |
1452 (134.9) |
2008-06-05 |
MORE |
| 31.8% |
| Bentley Bay Condo |
2002 |
$750,000 |
$370.37 |
2/3/0 |
2025 (188.1) |
2008-10-03 |
MORE |
| 3.0% |
| The Bentley Bay |
2202 |
$795,000 |
$412.13 |
2/3/0 |
1929 (179.2) |
2008-11-21 |
MORE |
| 13.1% |
| Bentley Bay |
2214 |
$799,000 |
$755.20 |
2/2/0 |
1058 (98.3) |
2009-01-03 |
MORE |
| 14.6% |
| Murano Grande |
1202 |
$850,000 |
$453.58 |
2/2/1 |
1874 (174.1) |
2008-09-13 |
MORE |
| 30.8% |
| Portofino Tower |
504 |
$900,000 |
- |
2/2/0 |
- |
2008-06-24 |
MORE |
| 34.8% |
| Bentley Bay |
1502 |
$900,000 |
$466.56 |
2/2/0 |
1929 (179.2) |
2008-12-22 |
MORE |
| |
| Murano Grande Portofino |
1602 |
$900,000 |
$480.26 |
2/2/0 |
1874 (174.1) |
2009-04-21 |
MORE |
| 10.0% |
| Portofino Tower Condo |
1406 |
$900,000 |
$441.18 |
2/2/1 |
2040 (189.5) |
2009-06-11 |
MORE |
| |
| Icon At Portofino |
2805 |
$999,000 |
$570.86 |
2/2/1 |
1750 (162.6) |
2009-04-02 |
MORE |
| 8.3% |
| Murano Portofino |
405 |
$1,099,000 |
$781.09 |
2/2/1 |
1407 (130.7) |
2009-06-04 |
MORE |
| 25.8% |
| Continuum South Tower |
1901 |
$1,150,000 |
$722.82 |
2/2/1 |
1591 (147.8) |
2008-10-06 |
MORE |
| |
| Continuum On South Beach |
2101 |
$1,200,000 |
$754.24 |
2/2/1 |
1591 (147.8) |
2009-06-25 |
MORE |
| |
| . |
1007 |
$1,290,000 |
$710.74 |
2/2/1 |
1815 (168.6) |
2009-04-22 |
MORE |
3 Bedroom Units For Sale at Short Sales in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | s.f. (m) | Listing Date | Details | | |
| Octagon Towers I |
5H |
$430,000 |
$349.59 |
3/2/0 |
1230 (114.3) |
2009-06-15 |
MORE |
| 22.2% |
| Floridian |
1408 |
$599,000 |
$452.42 |
3/2/0 |
1324 (123.0) |
2009-04-20 |
MORE |
| 6.7% |
| One Thousand Venetian Way |
1903 |
$699,000 |
$347.76 |
3/2/1 |
2010 (186.7) |
2008-09-25 |
MORE |
| 36.4% |
| Bentley Bay |
1201 |
$700,000 |
$324.37 |
3/3/1 |
2158 (200.5) |
2007-04-19 |
MORE |
| 0.0% |
| Portofino Towers |
505 |
$850,000 |
$363.25 |
3/2/0 |
2340 (217.4) |
2009-01-30 |
MORE |
| 7.4% |
| The Bentley Bay |
1401 |
$880,000 |
$441.99 |
3/3/1 |
1991 (185.0) |
2009-05-14 |
MORE |
| 2.7% |
| Bentley Bay |
702 |
$899,900 |
$600.33 |
3/2/0 |
1499 (139.3) |
2009-04-23 |
MORE |
| |
| Portofino Tower |
1002 |
$1,150,000 |
$563.73 |
3/2/1 |
2040 (189.5) |
2009-06-09 |
MORE |
| |
| Ocean Place |
5B-5C |
$1,495,000 |
$623.18 |
3/3/0 |
2399 (222.9) |
2008-09-23 |
MORE |
4 Bedroom Units For Sale at Short Sales in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | s.f. (m) | Listing Date | Details | | |
| Sunset Harbour South Cond |
TS3 |
$2,500,000 |
- |
4/4/0 |
- |
2009-06-05 |
MORE |
5 Bedroom Units For Sale at Short Sales in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | s.f. (m) | Listing Date | Details | | 15.5% |
| Villa Mare |
1500 |
$3,000,000 |
$621.63 |
5/5/0 |
4826 (448.4) |
2008-09-10 |
MORE |
|
|
Short Sales |
Properties
for sale for less than what is
owed to the bank -
LEARN MORE |
 |
Foreclosures |
Properties foreclosed and now bank-owned -
LEARN MORE |
Source: Southeast Florida MLS. Data updated 7/4/2009.
Information is deemed reliable but not guaranteed. Copyright © 2009. The listing data on this page comes from the Internet Data
Exchange (IDX), a collaboration between the following REALTOR ® associations in the South Florida Multiple Listing Service (MLS): Realtor Association of Greater
Miami and the Beaches, Realtor Association of Greater Ft. Lauderdale, Realtor Association of Miami-Dade County, Northwestern
Dade Association of Realtors, South Broward Board of Realtors. All rights reserved. The information being provided is for consumers'
personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is
prohibited. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or
national origin in the sale, rental or financing of housing.
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Mark Zilbert recommends that buyers, sellers and renters of real estate
consult appropriate professionals for legal and other specialized advice.
Information presented on this website is believed to be accurate but is
not warranted. Oral representations should not be considered valid.
Information presented on this site (and generated reports) may contain
listings from both Zilbert Realty Group and other brokers who cooperate with
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content on this webpage (including drawings, photos, text and other
materials) may have been provided by the developer or may have been
extracted from a developer's marketing materials. Zilbert Realty Group does not warrant the
accuracy of such information. You should consult your Purchase Agreement,
Contract and Condominium Documents for accurate information. Zilbert Realty
Group is an independent broker and has no developer
affiliation, unless otherwise noted.
Contact me for additional information.
|
200 Ocean