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OCEAN DRIVE
June 2006

GOLD COAST LOCKBOX

You- yes, you, the delirious one still biding time in a West Avenue rental apartment waiting for prices to somehow fall lower than they were when you signed that lease in 2002- can still get in on South Florida's real-estate boom. Pick up Miami local Matthew Martinez's new book, 2 years to a Million Real Estate ($21.95), which hits Amazon.com and the shelves of Barnes & Noble this month. Martinez lays out a step-by-step strategy for locating the best rental properties, managing tenants and getting rid of that pesky day job.

Follow his advice and he promises you'll achieve millionaire financial independence within two years…at which point you can afford to pay a manse lavish enough to be considered for acceptance in Christian Jagodzinski's Villazzo VillaHotels (305-777-0146; villazzo.com) program: Rather than stay in a Miami hotel room , well-heeled travelers can rent one of Villazzo's $4.5 to $20 million , multibedroom Miami villas by the week (rates run from $13,500 to $71,000), complete with a uniformed staff and concierge. Although Jagodzinski currently has three homes in his Miami portfolio (including Michael Capponi's Villaz Capponi on Sunset Island IV), he's scouting about in hopes of adding seven more exquisite properties here by year's end. Villazzo also represents homes in Aspen, Saint-Tropez and Marbella, Spain…So with prices escalating and interest rates rising, just where can a willing investor or buyer still find deals? Of course there's always the hard-to-find, brand-new, unsold developer unit left at project delivery, such as the $435,000 rehabilitated residence at developer Scott Greenwald's Industry Lofts (1560 Lennox Avenue, 305-531-0080; industrylofts.com), right off Lincoln Road or one of the many affordable condo-hotels popping up all over town. Royal Palm Resort (1545 Collins Avenue , 305-695-1230), formerly owned by Don Peebles , has begun sales and construction of its 130 condo-hotel suites, priced at the $400,000 and up. The project, slated for completion this November, will feature the first-ever Maxim Lounge by nightlife impresario Rande Gerber, a spa by skin-care specialist Sonya Dakar, and more ….Then there's the program recently set up by Cervera Real Estate vice president of marketing Andres Asion- a partnership with national developer SunVest Communities USA- which sells condo units in Florida , Arizona, Nevada and Texas at price no longer available in the Miami market: Think units at $100,000 to $300,000, with lots of incentives for buyers (such as paid mortgage and homeowners'- association fees for the first year) and brokers (generous commissions). Call 305-379-9500 or visit sunvestusa.com for more information… When prices first began pushing the would-be $100,000- $200,000 real-estate investor out of the condo market, many began investing in similarly priced boat slips, instead. Now, Park Place Car Condo (954-523-4008; parkplacecarcondo.com) has set up shop in Fort Lauderdale and North Miami as a personal storage facility offering private, spacious and secure (read: hurricane-proof!) individual garages. The luxurious spaces-air conditioned with private bathrooms and 24-hour security -are also ideal for storing fine-wine reserves, motorcycles and important paperwork. Sizes range from 580 to 1,800 square feet, start at $140,000 and are scheduled for occupancy in late summer 2007.

-S.B.

For further information:

Corporate Contact
Villazzo, LLC
Christian Jagodzinski
President
christian.jagodzinski@villazzo.com
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