Drop Anchor Team

🧭 Compass National Real Estate Insights August 2024 📈

• Year over year, the July median single-family-home sales price and the median condo/co-op price were up 4.2% and 2.7% respectively: Both declined slightly from all-time highs in June.

• The supply of existing-home listings rose 20% year-over-year to the highest count since autumn 2020, while the number of new-construction single-family homes on the market was the highest since 2008. Price reductions on active listings in July jumped 43% year-over-year.

• Existing-home sales increased 3.5% from June and rose 4.6% from July 2023, but remained far below long-term norms.

• Approximately 62% of sales went into contract in less than 1 month (vs. 74% in July 2023), 24% sold over list price (vs. 35% last July), and 27% were purchased all-cash (vs. 26%). The median days-on-market to acceptance of offer was 24 days (vs. 20 days last July), and sold listings received an average of 2.7 offers (vs. 3). Distressed-property sales (foreclosures and short sales) remained extremely low at 1% of total sales.

• 20% of buyers waived their inspection contingency (vs. 26% last July), and 22% waived the appraisal contingency (unchanged). 15% of May-July contracts saw delays in scheduled close of escrow (vs. 14%), and 6% of contracts were terminated before close of escrow (unchanged).

As of the end of August, the 30-year, conforming-loan interest rate, at just below 6.5%, was its lowest since May 2023, and the July inflation reading declined below 3% for the first time in over 3 years. Stock markets have seen enormous volatility since mid-July, first plummeting, then making up most of their losses in a dramatic August rebound. Consumer confidence has been virtually unchanged for 4 months: Up from 2022 lows, but still well below long-term norms.⁠

⚓️ Navigate to the link below to access the complete report 📈
https://www.compass.com/marketing-center/editor/v2/flipbook/8c2c7981-2601-43ad-83bd-ddd6706aee76

🇺🇸 Labor Day Weekend Miami Style: Fireworks, Festive Parades, Pool Parties, and Football 🎆🎉🏈

Labor Day honors workers’ contributions and achievements to American society. The Labor Day weekend symbolizes the end of summer, and it is celebrated with one last weekend blowout.

Here’s a list of Labor Day weekend festivities done in true Miami fashion!

𝐅𝐢𝐫𝐞𝐰𝐨𝐫𝐤𝐬 𝐃𝐢𝐬𝐩𝐥𝐚𝐲𝐬:
🎇 Miami Beach Fireworks Extravaganza – Aug 31, 2024 (starts at 9:00 PM)
🎇 Bayfront Park Labor Day Fireworks – August 31, 2024 (starts at 9:00 PM)
🎇 Coconut Grove Labor Day Celebration – August 31, 2024 (starts at 9:00 PM)
🎇 South Pointe Park Fireworks Show – August 31, 2024 (starts at 9:00 PM)
🎇 Key Biscayne Labor Day Fireworks –August 31, 2024 (starts at 9:00 PM)

𝐏𝐚𝐫𝐚𝐝𝐞𝐬:
🎉 Miami Beach Labor Day Parade – September 2, 2024 @ 11:00 AM
🎉 Little Havana Labor Day Parade – September 2, 2024 @ 12:00 PM
🎉 Coral Gables Labor Day Parade – September 2, 2024 @ 10:00 AM
🎉 North Miami Labor Day Parade – September 2, 2024 @ 10:00 AM
🎉 Hialeah Labor Day Parade – September 1, 2024 @ 11:00 AM

𝐏𝐨𝐨𝐥 𝐏𝐚𝐫𝐭𝐢𝐞𝐬:
🏊‍♂️ Hyde Beach at SLS South Beach – Aug 31 - Sept 2, 2024
🏊‍♂️ Surfcomber Hotel – Aug 31 - Sept 2, 2024
🏊‍♂️ Baia Beach Club – Aug 31 - Sept 2, 2024
🏊‍♂️ Arkadia Day Club – Aug 31 - Sept 2, 2024
🏊‍♂️ Strawberry Moon – Aug 31 - Sept 2, 2024

𝐅𝐨𝐨𝐭𝐛𝐚𝐥𝐥:
🏈 Orange Blossom Classic – September 2, 2024 @ 6:00 PM

🍽️ Miami Spice season is here, and it's time to indulge! ⁠
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From August 1 to September 30, Miami’s favorite dining event returns, offering exclusive discounts at some of the city's top restaurants. It’s the perfect opportunity to savor incredible meals and explore new culinary gems you’ve been eyeing. With over 300 restaurants (and counting) participating this year, options are limitless. ⁠
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Here are 10 of The Best Miami Spice 2024 menus recommended by that we are excited to try:⁠
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⚓️ Aba - Bal Harbour:
⚓️ Cote Miami:
⚓️ Delilah:
⚓️ Elastika: ⁠
⚓️ Erba Miami: .miami
⚓️ Kissaki Sushi: .miami
⚓️ Klaw Restaurant & Rooftop Bar:
⚓️ Sushi | Bar Miami Beach:
⚓️ The Gibson Room:
⚓️ Zeru Miami:
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Charting your course through the vibrant tides of Miami ⚓️ ⁠
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✨ to the iconic Lincoln Theatre on Lincoln Road next to our office! 🎬✨⁠
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The Lincoln Theatre, designed in stunning Art Deco style by Thomas W. Lamb, first opened its doors in 1936. Originally a grand movie theater, it later became a beloved concert hall for the New World Symphony starting in 1990. 🎬🎶⁠
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After serving as a vibrant cultural hub, it underwent a multimillion-dollar renovation by the symphony and was eventually purchased by Clifford Stein in 2010. Since then, it's been transformed into a lively retail space, with H&M as its first tenant. 🛍️✨⁠
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Swipe to see the beautiful evolution from its classic 1960s cinema charm to its modern retail transformation. The building now stands proudly as part of Miami’s architectural heritage, celebrated by the American Institute of Architects' Florida Chapter. 🏛️💫⁠
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It's finally Fri-Yay! Cheers to the weekend! 🥂⁠

Here's the best places to experience Miami's magic hour! 🌅 ⁠
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⚓️ The Deck at Island Gardens - ⁠
⚓️ Pamlemousse on the Bay - ⁠
⚓️ Baia Beach Club - ⁠
⚓️ The Rusty Pelican - ⁠
⚓️ Rosa Sky Rooftop - ⁠
⚓️ Lido Bayside Grill - ⁠
⚓️ South Point Park - ⁠
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Charting your course through the vibrant tides of Miami ⚓️
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Ranked among the top ten best cities in the world for health, Miami offers over 3,154 hours of sunshine annually, making it easy to stay active and energized. From outdoor adventures to organic produce markets, there's something for everyone seeking a balanced and healthy life.

➡️ Swipe right to read

🔗 https://healthnews.com/research/best-cities-in-the-world-to-live-for-your-health/

💆‍♀️⁠ It's Miami Spa Month - The ultimate art of relaxation and rejuvenation! 💫⁠
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One of the best times of the year is here! Miami Spa Month is the perfect opportunity to explore some of Miami's most luxurious spas and indulge in well-deserved self-care. ⁠
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Presented by the Greater Miami Convention & Visitors Bureau , this two-month promotion runs from July 1 to August 31 and features discounted treatments starting at $109, including body, hair, and skincare experiences at the city’s top-rated spas. ⁠
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Here's a list of spas to check out during Spa Month!⁠ ⁠
⚓️ Tierra Santa Healing House at Faena Hotel: ⁠
⚓️ Spa at Four Seasons Hotel, Surf Club ⁠
⚓️ The Spa at the Miami Beach Edition: ⁠
⚓️ Lapis Spa at Fontainebleau Miami Beach: ⁠
⚓️ The Spa at the Mandarin Oriental: ⁠
⚓️ The Biltmore Hotel Spa: ⁠
⚓️ Esencia Wellness at Nobu Eden Roc Miami Beach: ⁠
⚓️ Aquanox Spa at Trump International Beach Resort Miami: ⁠
⚓️ Away Spa at the W South Beach: ⁠
⚓️ Silver Mirror Facial Bar: ⁠
⚓️ The Spa at Baia Beach Club: ⁠⁠
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🔗 www.miamiandbeaches.com/deals/spa-months⁠
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This weekend, and I got to spend time outside of the office caring for our community. Each month, meets at Morningside Park for a community clean up. This week, the group collected over 150 lbs of trash!

One of the best parts was including my kids - creating future Sea Keepers!!

Caring for our coastline and the marine life that live in our bay is part of the Drop Anchor Team’s mission. The SeaKeepers Society is a nonprofit organization that is dedicated to ocean conservation, research, and education.

⚓️ Navigate to the link in bio to learn more about the SeaKeepers Society!

🔗 www.seakeepers.org/join-support-us/volunteering-opportunities/

🌆 Reaching New Heights in Downtown Miami! 🌆⁠
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In the vibrant heart of Downtown Miami, Okan Tower Miami is literally reaching new heights! According to , Miami now ranks #3 in the U.S. for the tallest skyscrapers! Among these towering giants, Okan Tower is a true standout, soaring 70 stories and 902 feet high. 🌟 It's a symbol of Miami’s dynamic urban evolution and a testament to its bright future.⁠
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Partnered with Hilton Hotels & Resorts, Okan Tower offers an exclusive lifestyle with four floors of lavish amenities designed to pamper Short-Term Rental Residence owners and their guests.⁠
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Here’s a glimpse of what awaits you at Okan Tower:⁠
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⚓️ 163 Luxury Sky Residences above the 51st floor, offering breathtaking views.⁠
⚓️ 236 Condo-Hotel Residences starting on the 36th floor, blending comfort and style.⁠
⚓️ Five-Star Hilton Hotel & Resort – where hospitality meets opulence.⁠
⚓️ Endless Amenities and Entertainment – crafted for both residents and hotel guests.⁠
⚓️ Dedicated High-Speed Elevators – ensuring privacy and convenience for Sky Residence owners and hotel/Condo-Hotel guests.⁠
⚓️ 10+ Foot Ceilings – adding grandeur to your living space.⁠
⚓️ Upscale Italian Cabinetry – in kitchens and bathrooms, for a touch of elegance.⁠
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Okan Tower is not just a residence; it’s a lifestyle. ✨ Reach out for more information about this iconic project or other new construction opportunities in Miami. 🔗 Link in bio⁠
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Just sold for $3,650,000! 🎉 1025 Sorolla Avenue, Coral Gables.

This stunning 5-bedroom, 6-bathroom, 3,615 sq ft home is located in the heart of Coral Gables. It is a single-story, gated residence situated on 3 lots totaling 25,800 sq ft, which is quite rare.

To the new owners, congratulations on acquiring this beautiful property! It has been an incredible experience representing the buyers and successfully closing this deal.

Here's a list of some of the most amazing events happening in Miami in June! 🌴

👙 5/29 – 6/2: Miami Swim Week® The Shows
Witness the largest swim and resort wear gathering with top designers, models, and celebrities.

👙 5/30 – 6/2: PARAISO Miami Swim Week
Four days of runway shows, fitness programming, panels, and surprise performances.

🐬 5/31 – 6/1: Fins Weekend in Coconut Grove
Join the fishing competition and afterparty with Miami Dolphins players and alumni.

🌈 6/1 – 6/12: Wynwood Pride
Kick off at Arlo Wynwood with music, dancing, and art celebrating LGBTQ+ pride.

🎭 6/6 – 6/23: Summer Shorts: Flipping the Script
Enjoy eight new short plays at the Adrienne Arsht Center.

💜 6/7: A Tribute to Prince
Dance the night away at M2 with a tribute party dedicated to Prince.

🌊 6/8: World Oceans Day
Celebrate and protect the world’s oceans with events at W South Beach and Frost Science Museum.

🎥 6/12 – 6/16: American Black Film Festival
Celebrate Black cinema with screenings, celebrity conversations, and events.

🧑‍🎤 6/15: Justin Timberlake
Experience Justin Timberlake’s “Forget Tomorrow World Tour” at the Kaseya Center.

👨 6/16: Father’s Day
Treat Dad to an unforgettable experience in Miami with diverse activities.

🙌 6/21: Blink 182 At Kaseya Center
Relive pop-punk glory days with Blink 182 and special guests Pierce the Veil.

🍍 6/22 – 6/23: Redland Summer Fruit Festival
Enjoy South Florida’s sweetest treats, workshops, and activities for kids.

⚾️ 6/22: Celebrate Bahamian Heritage with the Marlins
Join the Marlins for a Bahamian Appreciation Celebration.

🌶️ 6/23: Red Hot Chili Peppers
Rock icons Red Hot Chili Peppers and rap legend Ice Cube perform together at Hard Rock Live.

⚽️ 6/23 – 6/29: CONMEBOL Copa America
Catch group matches at Hard Rock Stadium, featuring Uruguay vs. Panama and Argentina vs. Peru.

💃🏻 6/28 – 6/29: Jennifer Lopez At Kaseya Center
Sing along to JLo’s greatest hits at her “This Is Me… Now” tour.

🙌 Thank you for following us - We hope you enjoy!⁠
Save this post 📌 and share the fun with your friends! 🫶⁠

The Miami Building Department has issued a phased vertical construction permit for the , a groundbreaking 100-story supertall skyscraper at 300 Biscayne Boulevard. Valued at $426 million, this milestone allows Miami’s first supertall building, which began in late 2022, to rise. Designed by Sieger Suarez Architects and Carlos Ott, and developed by Property Markets Group in collaboration with others, this iconic structure will feature office spaces, retail areas, residential units, and luxurious hotel rooms.

Stay tuned as we watch Miami’s skyline transform! For more details reach out to The - Link In Bio ⬆️⁠

Explore Miami’s architectural wonders from above—a stunning cityscape of innovation and beauty! 🏙️😍⁠
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Miami’s architecture is renowned for its diversity and innovation. The city's blend of styles, influenced by various cultural and historical factors, offers something for everyone including:⁠
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⚓️ Art Deco⁠
⚓️ Mediterranean Revival⁠
⚓️ Modernism⁠
⚓️ Tropical Modernism⁠
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Let guide you to find your dream home in Miami. ⁠
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.explorers⁠

Here are 10 of Miami’s hottest new restaurants you've just gotta try! Which one will be the first on your list?

🐟 : Two-Michelin star chef Henrique Sá Pessoa presents a modern seafood haven in Coconut Grove

⚓️ Miami Beach: Plunge into a seafood paradise in South of Fifth

🍷 .Miami: Mediterranean cuisine infused with Argentine influence, led by world-renowned oenologist Alejandro Vigil

🐟 Fish and Garden: Rubell Museum’s creative seafood concept promises a distinctive dining experience

🌿 : Miami Beach’s wellness hub offers organic eats and a community atmosphere

🍽️ : A global twist on modern American cuisine in the Miami Design District

🍷 : Sunset Harbor’s vibrant hotspot serving Spanish treats and Lebanese wine

🥩 Steakhouse: Speakeasy vibes blend with modern elegance in Brickell

🦐 : Ecuadorian seafood sensation debuts in Coral Gables

🥩 : Tradition and innovation unite in Brickell’s contemporary steakhouse

Follow us for more great insights on Miami!

to 1978: Taking a leap off South Pointe Pier captured by Andy Sweet. 🌊✨

Check out the transformation of today in the next slide. Unfortunately, diving is no longer permitted, but the memories remain!

Follow and uncover more insights on Miami with us ⚓️

The Underline’s second phase is now open, transforming Miami’s stunning linear park into a 2.7-mile urban oasis! 🌳 Wander through this lush, shady trail linking the Shenandoah, Roads, Silver Bluff, and Vizcaya neighborhoods with new amenities and public art installations, all under the Metrorail. 🌿

⚓️ Follow and like to stay updated and in the know about everything Miami!

Photos Courtesy

A momentous occasion as Aston Martin Residences celebrates its completion with an official ribbon-cutting ceremony at 300 Biscayne Boulevard. A collaboration between and G&G Business Developments, the luxury condominiums offer unparalleled elegance and style.

Standing tall at 66 stories, this architectural marvel by Aston Martin is a true masterpiece, boasting 391 ultra-luxury residences where the Miami River meets Biscayne Bay.

Designed by architect Rodolfo Miani of .architects, the sail-shaped tower is a stunning reflection of Miami’s vibrant marina setting, offering breathtaking panoramic views of Biscayne Bay and the city skyline. Residents are treated to Aston Martin’s signature design elements throughout the meticulously crafted common areas, curated at the brand’s renowned Warwickshire design studio.

For more details and to schedule a viewing, reach out to The - Link In Bio ⬆️⁠

Fiesta all day, siesta all night Here’s to Cinco de Drinko! 🍹

Cinco de Mayo is a busy weekend for Miami as restaurants and bars across the Magic City will be pouring tequila shots and shaking margaritas to celebrate the festivities! 🌮

Here's a few great spots that will have you saying "Holy guacamole!"

- Coyo Taco: ⁠
- Taquiza: ⁠
- TacoCraft: ⁠
- Bodega Taqueria y Tequila: ⁠
- Rocco's Tacos & Tequila Bar: ⁠
- Lona Cocina Tequileria: ⁠
- Tijuana Taxi Co.: ⁠
- El Camino Mezcal & Tequila Bar: ⁠
- Casa Calavera: .usa⁠
- Naked Taco: ⁠
- Los Felix:
- Maíz y Agave Cocina Mexicanz:

Make it a May to remember!🌴 Here's a list of some of the best events to hit Miami this May; there's something for everyone!

🌴 May 3-5: Miami Grand Prix 🏎️ Experience the exhilarating world of Formula 1 racing at

⛴️ May 5-12
Four Navy ships will be at PortMiami open for FREE tours

🇲🇽 May 5: Miami’s Ultimate Cinco de Mayo Guide
Fiesta like there’s no mañana with food, drinks

📚 May 5: Little Haiti Book Festival
Immerse yourself in Haitian literature and culture at this community event

🧚‍♀️ May 7-12: Peter Pan
Embark on a high-flying adventure with the timeless classic

🌺 May 12: Mother’s Day Celebration
Treat Mom to a special brunch at Miami’s top restaurants

🎮 May 17-19:
Indulge in all things geeky and nerdy at this three-day festival at

🌸 May 17-19: Redland International
Explore the enchanting world of orchids at Fruit & Spice Park

🇯🇵 May 19: Japanese Festival
Celebrate Asian and Pacific American Heritage Month at Ichimura

🎶 May 18: Haitian Compas Festival
Celebrate Haitian culture with electrifying musical performances

✈️ May 25-26: Hyundai
Experience a spectacular display of military prowess and aerial acrobatics

🚁 May 11-12: Fort Lauderdale Air Show
Witness breathtaking aerial acrobatics against the backdrop of Fort Lauderdale beach

🎤 May 24-25: Bad Bunny Concert
Catch the Latin sensation live in concert at the

🎹 May 25-26: Miami International Piano Festival
Experience mesmerizing piano performances at The Wolfsonian-FIU

👙 May 29-June 2
The largest swim and resort wear gathering in the world

👙 May 30-June 2: PARAISO Miami Swim Week
Dive into four days of runway extravaganzas

🐬 May 31-June 1: Fins Weekend in Coconut Grove
Participate in a fishing competition and enjoy the afterparty with players, coaches, alumni, cheerleaders, and fans

🙌 Thank you for following us - We hope you enjoy!
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