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US Foreclosure activity drops as housing prices go up.

Russia is Top International Country Searching Miami Real Estate

Miami Remains the Most-Searched U.S. Market Globally

Source: Miami Association of Realtors.


Russia is the most-active country searching Miami real estate for the first time since the MIAMI Association of REALTORS® (MIAMI) began tracking search data in 2013. Russia registered the most South Florida property searches among all countries on MIAMI’s portal,, in November 2016. Colombia and Venezuela finished second and third, respectively.


“Miami’s emergence as one of the world’s top cities is attracting buyers from a greater array of countries than before,” said Christopher Zoller, the 2017 MIAMI Chairman of the Board. “Russian consumers and home buyers and investors from China to Canada want to own a piece of Miami real estate because Miami is young, multicultural, modern and economically diverse.”


The Miami city of Sunny Isles Beach, for instance, has a large Russian population and is known as “Little Moscow” for its propensity of Russian-owned delis, restaurants, beauty spas, supermarkets and real estate companies. About 7.4 percent of Sunny Isles residents list Russian as their first language, according to the U.S. Census


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Jungle Island to see new attractions, amenities after lease transfer gets approved

ESJ plans to add waterfront restaurants, zip line, water park and lazy river

Source: The Real Deal

The new owners of Jungle Island are one step closer to making improvements to the park after the Miami-Dade County Commission unanimously approved transferring unpaid county loans to ESJ Capital Partners, the Aventura-based real estate firm that plans to take over the park’s lease.


Now, the U.S Department of Housing and Urban Development is left to approve the deal, which involves Jungle Island owner Bern Levine selling the Watson Island lease and park debt to ESJ. The Miami City Commission approved the lease transfer in November.


ESJ, backed by European investors, said it plans to spend more than $80 million in the deal, according to the Miami Herald. That includes about $10 million in improvements like new waterfront restaurants, a zip line, water park and lazy river. A hotel has also been proposed for the 19-acre property, but that would require a voter referendum. ESJ also said it wants to increase ticket sales from the average 315,000 visitors a year to 415,000 visitors within five years.


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Now's your chance to see Vizcaya's bayfront gardens by moonlight. Enjoy live music through the gardens as you wander or take a guided tour. Complete the evening with a glass of wine delicious bites available for purchase in the Cafe & Shop. Guests must be on site by 8:00 p.m. to gain entrance to the program. No refunds for late arrival and no shows.


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