miami Tag

The moment you step off your plane in Miami, you’ll feel as if you’ve arrived in an international and tropical city. You’ll hear multiple languages, smell delectable cuisine and Cuban coffee as you stroll past beachfront cafés, and see beautiful people dressed to impress. Warm turquoise water, dazzling white-sand beaches, and exciting watersports beckon travelers to kick off their shoes and hit the water. Dining in fabulous restaurants, dancing in buzzy nightclubs, exploring world-class cultural attractions, and shopping in glamourous designer boutiques are just a few of the things to do in Miami.  

The modern, luxurious Equity Estates residence is ideally situated on Rivo Alto Island in Biscayne Bay to give you easy access to all the city has to offer. We consulted with our destination manager Chelsea, and here are her suggestions for how to spend three perfect days in this Art Deco city.

Day One: Hit the Beach 

Miami’s South Beach consistently lands on “best beaches” lists in all sorts of media, so it should come as no surprise spending time on this two+-mile stretch of white sand is one of the top things to do here. Early birds can walk the beach or boardwalk at sunrise before the crowds arrive. If you want to cover more ground, your local host will arrange electric or road bikes to be dropped off at your residence so you can explore up and down Miami beach. “Make time to stop into longtime favorite Cuban diner, Puerto Sagua, for a café con leche and savory breakfast,” Chelsea recommends.  

When you’re ready to plant your toes in the sand, you have a few options. The beach for which Miami is known runs from 23rd Street to the island’s southern tip. “To visit the lively party section, head to the stretch between Fifth and 15th Streets,” Chelsea suggests. “For a more subdued atmosphere, choose a spot anywhere north or south of this area.”  

Your local host will arrange reservations for you to enjoy lunch at any of the casual taquerias near the beach, such as Taquiza. After a morning of relaxation, it’s time for some fun action on the water and your local host will arrange Jet skis and paddleboards from  BouYah Watersports concessions, or you can soar above the ocean while parasailing or take a ride in a banana boat. 

Head back to the home and wash off the salt and sand in your outdoor shower, put on your best casual-chic attire and climb the stairs to your marvelous rooftop patio for a sundowner cocktail. “The rooftop patio is one of my favorite features of the house,” Chelsea says. “The patio is huge and features amazing sunset views of the beach and Miami’s skyline.”  

Another option is to walk over to the nearby Lido Bayside Grill and watch the sunset over the Miami skyline and Biscayne Bay. For dinner, a must is the legendary Joe’s Stone Crab restaurant, known for sourcing stone crab and seafood from its own fisheries since 1913. “After dining on some of the area’s best seafood, stop into the Minibar for a nightcap, a delightful midcentury lounge with a contemporary twist, and a beautiful patio,” Chelsea says.  

Day Two: Cultural Exploration

 

After a good night’s rest in one of your residence’s four luxurious bedrooms, take a few wake-up laps in your private pool, and then enjoy breakfast al fresco in the poolside cabana. If you prefer having a barista whip up your morning latte, Panther Coffee is just a short walk across the bridge. For a smoothie or acai bowl made using fresh fruit and veggies, walk around the corner from Panther to Delicious Raw Kitchen & Juice Bar.  

Day One was all about the beach, so Day Two’s suggestions showcase some of Miami’s vibrant cultural attractions. First up is the Vizcaya Museum and Gardens. Tour jaw-dropping European extravagance in this Mediterranean-style villa and surrounding spectacular 10-acre gardens, once home to industrialist John Deering.  The Main House is adorned with imported gilded panels, fresco ceilings, carved mantels, and overflows with treasures dating to the 15th century. “As you stroll the Formal Gardens, you might think you landed in France’s Palace of Versailles gardens,” Chelsea says.  

After surrounding yourself in Vizcaya’s Old World opulent luxury, for a decidedly different experience, the modern and sophisticated Miami Design District is next up. “This 18-block area offers a cornucopia of upscale fashion boutiques, edgy art galleries, trendy restaurants, and engaging public art,” Chelsea says. Enjoy an a la carte or prix fixe lunch at Le Jardinier, where Michelin-starred Chef Alain Verzeroli’s menu focuses on the highest quality vegetables, seasonal ingredients, and fresh herbs. If you prefer to spend more time browsing than dining, the district houses dozens of cafes, pop-ups and food trucks for quick bites. “For an afternoon treat, pop into Frohzen,” Chelsea says. “They make these delicious cakesicles you have to try.”  

No visit to Miami is complete without spending some time cruising Biscayne Bay aboard a luxury yacht. “Prime Experiences offers an outstanding sunset cruise aboard 40-foot+ yachts that includes champagne and sushi platters,” Chelsea says. You’ll marvel at the sights as you glide past monster estates with incredible architecture and hopefully, you’ll spot playful dolphins. For dinner, dress to impress and enjoy exquisitely prepared Italian cuisine at the AAA Four Diamond award-winning Scarpetta inside the iconic Fontainebleau Hotel. After dinner, visit the Bleau Bar where legendary icons such as Frank Sinatra, Elvis, Bob Hope, and Lucille Ball once held court.. If you’ve got the energy, dance-off dinner at LIV, in the hotel’s phenomenal 18,000-square-foot nightclub.  

“If you prefer a more relaxing evening, let us arrange for a personal chef to come in and prepare dinner for you,” Chelsea says. Relax by the pool or the rooftop patio as your chef prepares a divine dinner.  

Day Three: Exotic Wilderness Adventure 

Just an hour west of Miami lies the Everglades National Park, a vast subtropical wilderness with American crocodiles, manatees, alligators, turtles, birds and more. “The Everglades is a place you have to see to believe,” Chelsea promises. “The best way to truly experience this unique landscape is on a private airboat ecotour with Everglades River of Glass Adventures.” Our local host will arrange tours and adventures to make your trip to Everglades one to remember. 

If your family is looking for some time to relax, head back and relax by your pool for a few hours. Then, to ease into your evening, sip a Jasmine Martini or Old Cuban at Bar Centro inside the tony SLS South Beach Hotel. For dinner, Chelsea will have secured you a reservation at The Bazaar by José Andrés in the same hotel, where this James Beard award-winning chef delights diners with innovative creations inspired by his Spanish roots. After dinner, stop into Swizzle Rum Bar & Drinkery, a hidden gem of a speakeasy for a traditional or modern cocktail with a selection of 150+ rums.  

At Home in Miami with Equity Estates 

Situated on glorious Rivo Alto Island in the middle of sparkling blue Biscayne Bay just minutes from downtown Miami and famous South Beach, your Equity Estates home offers modern luxury. This 5,000+square-feet contemporary new construction home features four bedrooms with private terraces and en suite bathrooms, plus two additional bathrooms. In addition to high ceilings and natural light, the residence enjoys a state-of-the-art kitchen, a large private pool, a cabana with an outdoor kitchen, and a stunning 1,000 +square-foot rooftop terrace with Miami skyline views.  

Your visit to Miami with Equity Estates can be the best combination of a city-and-beach vacation you can imagine. Whether you want an activity-filled trip or a more laidback experience, we can make it happen. Our professional team will ensure your trip exceeds your expectations. For more information about investing with Equity Estates, please reach out to our Investor Relations team at 404.445.8501 or tap this link to schedule a call. 

 

It has been an incredibly busy year on the real estate acquisition front. Our strong recent investor growth was followed by commensurate levels of new real estate acquisitions. That means I travel. A lot. Even though we are in a pandemic. It’s given me an opportunity to send snapshots to my mother of me wearing a mask while flying. She worries. Plus, she always wanted me, her only son, to become a doctor. Mask wearing is about as close as it’s going to get.

Over the past ten months, we’ve acquired nine new residences. Big Sky, Napa Valley, the Florida Keys and Miami were the most recent additions to our residence portfolio. And stay tuned for some new announcements soon.

Wait a minute, Philip. Isn’t this a terrible time to be buying right now? If you’ve been looking for a second home (or third), you might have noticed luxury real estate markets are very competitive. So how do we continue to find gems at the right price? In short, we’ve had nearly fifteen years to perfect our residence buying best practices. Keep reading and I’ll let you in on some of our secrets.

The Perfect Storm Creating This Tight Real Estate Market

Homes aren’t just selling. They are selling at a record-setting pace in some markets. While that’s good news for sellers, it can give buyers heartburn…especially in affluent neighborhoods and the most desirable vacation home markets. I recently had a phone conversation with our realtor in Lake Tahoe to review newly listed homes. Within three days, they were all under contract. Many realtors look and sound exhausted, and they have right to feel that way—it is that busy in many markets. Here are a few articles that I found in a quick Google search:


With unprecedented low levels of inventory and equally low mortgage rates, the market has become competitive to start the year. Coupled with COVID-fueled demand for residences outside traditionally hot metro areas, prices are reflective of handsome appreciation over prior year, and most home listings priced right are getting contracts within 30 days.

In many cases, potential buyers are outpriced in competitive markets or forced to make rush decisions. Not a good formula for new or infrequent buyers. Regardless of how many years down the line you might want to exit, you need a proven way to ferret out good buys if you wish to make money.


The Equity Estates Difference

So how do we do it? How do we continue to find smart buys which will deliver the right travel experience with the right return? Over the years, we’ve learned (sometimes the hard way) these three keys to successful acquisitions in any macroeconomic environment.

  1. Understanding investor preferences
  2. Building long-term relationships with realtors
  3. Extreme patience + robust due diligence + stomach for renovations


First, keeping our fingers on the pulse of investors’ destination preferences is an ongoing, purpose-driven exercise. It helps us identify meaningful targets while excluding trendy fads which won’t stand the test of time. We receive regular feedback from our investors. Last month, we asked hundreds of prospective investors where we should buy next. The results, as always, were extremely informative. They validated that we’re currently looking in the right areas plus added a few new opportunities to our shopping list. We have even doubled down with more than one property in certain high demand markets like Turks & Caicos, Costa Rica, and Los Cabos.

Second, when we circle in on a new market, we find the right local real estate expert. Sometimes we buy right away. Other times it may not happen for a decade. But we maintain our relationships and keep tabs on the markets we care about. We find partners that get to know us, understand the expectations of our investors, and who are willing to work hard to uncover motivated sellers, i.e., those that want (or need) to liquidate.

We are also very data-driven purchasers who analyze market trends over time on key metrics like price per square foot. Access to this information is critical for us, but not all realtors can (or like to) work on that part of the transaction.

Finally, there’s no substitute to patience and hard work. Short cuts and time pressures often lead to poor decisions. It never ceases to amaze me what doesn’t get caught with a typical home inspection or what fails to get disclosed by a seller (knowingly or not). Don’t be afraid to get into the attic and explore the crawl space like I do. Where we find problems, it gives us an ability to negotiate from a position of strength due to first-hand knowledge. We feel empowered to walk away when we uncover undisclosed impairments which may impact our objectives and goals for a property.

Especially when renovations are planned, going in eyes wide open is important. In certain markets when you can’t check in personally on daily progress, managing renovations can be very challenging. It’s a great way to lose your shirt. This is where Equity Estates leverages our expertise to find long term value—with years of lessons learned now that we are on Fund IV.


Now Is A Great Time To Join

The Phase II Investment round of Fund IV is expected to sell out this month. Wouldn’t you love to diversify your overall holdings with an investment that is both a known hedge against inflation and an enjoyable way to create hassle-free, lasting memories for your family and friends?

We would welcome an opportunity to discuss why now is a great time to invest in Equity Estates.

If you are ready to learn more now, there are incentives for any new investor who acts before the end of the quarter. And if you are not ready, that’s perfectly fine. We will still be here when it’s the right time for you.

Call us at 404.445.8501 or click here to schedule an appointment with one of our Investor Relations Team members.

Until next time, safe travels!

Philip Mekelburg
CEO, Equity Estates