Legal Considerations: Drone Usage in Luxury Real Estate

 

A successful real estate agent is always looking for a new way to convey the unique attributes of a property. As video becomes a strong part of an integrated online marketing strategy, we’re seeing real estate agents popping up from the crowd by taking to the skies. The tactic of using remote-controlled aircraft, or drones, to conduct bird’s-eye views of home, land, and commercial properties is emerging as a great way to interest potential buyers. Drones create the potential to convey the beauty of unique waterfront homes and their views in South Florida, for example. If a picture speaks a thousand words, video is the next frontier.  There are endless possibilities for how drones could benefit the real estate industry.

Estate Agents wait for FAA regulation on drone usage

Estate Agents wait for FAA regulation on drone usage

But not so fast.  The widespread use of drones has created a number of critics, particularly with the Federal Aviation Administration.  The FAA has proposed and established numerous regulations that restrict and regulate who can use commercial drones for commercial purposes.  The FAA has taken a very expansive and aggressive stance on their ability to regulate and restrict commercial drone use; e.g. the FAA’s position is that anyone who wants to fly an aircraft for commercial purposes, manned or unmanned, in U.S. airspace needs some level of FAA approval.

Earlier this year, a judge overruled the FAA’s enforcement on a number of drone violations, while at the same time upholding a$10,000 FAA fine that was issued to a real estate agent for using drones in their business.  The path forward is pretty murky, as both legal precedents and regulations are sometimes conflicting with each other.   Real Estate interests are struggling to balance safety, compliance, and privacy while satisfying the client hunger for the “cool factor” benefits provided by the sky views and HD-quality videos that often go viral online.

The FAA says that they have been working to clearly define rules as drones become cheaper and more widely available globally.  Others point out that the agency has been working for a decade on safety regulations to allow commercial drone flights, but has yet to offer any.   And while the FAA deliberates, nations like Canada, Australia, Japan and the United Kingdom are green lighting the practice.

The National Association of Realtors officially recommends that real estate agencies not use drones “until the FAA issues further guidance or regulations.”  Stay tuned.

 

First Brickell City Centre Residential Tower Half Sold

 

Residential inventory for Brickell City Centre’s first tower was released just a short time ago and we are excited to announce that it is half sold. ONE Sotheby’s International Reaty, along with Fortune International has been the sales and marketing force behind the project, which is being developed by Swire Properties. Brickell City Centre is one of the most exciting developments happening in all of South Florida and is bringing international attention to the area with high-end retail, fine dining and office space.

Alan Araujo from the ONE Sotheby’s team at Brickell City Centre is quoted in a recent article in Miami Today on the current sales:  “This is the most expected project in South Florida, not just Miami. Everything that’s going on [with construction] in Brickell is because of Brickell City Centre.” Sales for the second tower will begin soon and are predicted to go as quickly as the first tower is.

Read more about the news in Miami Today: Brickell City Centre Tower Nearly Half Sold

Brickell City Centre

Significant Sale: 4 Tahiti Beach Island Road

 

One of the most stunning waterfront homes in Coral Gables is officially off the market after being sold by ONE Sotheby’s International Realty’s luxury estate broker, Saddy Delgado. The estate closed for $18,000,000 after just a short time of being listed and ranks among the highest sales this year. The majestic estate spans over 21,000 square feet of living space in the ultra-private enclave of Tahiti Beach in the gated Cocoplum neighborhood.  No expense has been spared in the construction of the home and it features a private beach, wine cellar, theater room, meditation room, gym and even an elevator to navigate its three floors. Congratulations to Saddy for successfully managing the listing and closing the sale!

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Bloomberg News- Miami Among Top Market For Cash Buyers

 

In today’s rebounding real estate market, cash continues to be king. Bloomberg News put together an analysis of the top 30 metro areas in the country for cash deals and found Miami to be at the top of the list. “Homes bought in Miami were purchased with cash 6.9% of the time. Even the most expensive homes changed hands in cash deals roughly half the time,” the article reads. For the past several years we have seen this cash trend stay strong, particularly among luxury and international buyers looking to invest in Miami. As construction continues to boom and more inventory comes into the market, we will continue to see cash deals happening regularly.

Other cities on the list for top cash deals include Tampa, Orlando and Jacksonville in Florida, as well as Chicago, Cleveland, Detroit and Milwaukee. See the complete list on Bloomberg News: Markets Where Buyers Are Bringing The Money 

 

Miami Bloomberg

 

4th of July Celebrations in South Florida

 

Independence Day is upon us once again, and that means celebrating with family and friends, barbecuing and catching fireworks, of course! We’ve put together a list of the best places to see all the action and show off your stars and stripes.  

Key Biscayne- Don’t miss the annual 4th of July Parade down Crandon Blvd. that starts at 11am followed by a picnic on the Village Green and a magnificent fireworks display at the Key Biscayne Beach Club promptly at 9pm. (550 Ocean Drive, Key Biscayne)

Aventura- The City of Aventura presents its 19th annual fireworks display along Country Club Drive. Grab a spot at the Turnberry Isle Golf Course and get ready for an amazing show that starts at 9pm. (19999 West Country Drive, Aventura)

Miami Beach- All the action will be at the North Shore Bandshell where visitors will enjoy and all day festival with live music by the Spam All Stars, DJs, and food trucks. The fireworks start at 9pm. (73rd and Collins Ave.)

Coral Gables- Many call the fireworks at the Biltmore the best they have ever seen. Picnic with family and friends starting at 5pm and enjoy a live concert followed by an impressive light show at 9pm. (1200 Anastasia Drive, Coral Gables)

Fort Lauderdale- The City of Fort Lauderdale’s 4th of July Fireworks Spectacular starts at 12:30pm and runs throughout the day. Activities include a Kids Zone and a live concert and fireworks starting at 9pm. (A1A and Las Olas Boulevard)

Downtown Miami- Head to Bayfront Park and celebrate “America’s Birthday Bash”, which will feature fun activities for kids, a beer garden, giveaways, photo opportunities and much more. Fireworks begin at 9pm. (301 Biscayne Blvd.)

Coconut Grove- Grove locals head to Peacock Park for festivities that begin at 5pm, followed by fireworks at 9pm. Whether you’re at the park or watching from your boat on the water, there’s no bad view! (2820 McFarlane Road, Coconut Grove)

4th of July

Miami Ranked 9th in US for Green Commercial Real Estate

 

Miami is frequently awarded high grades for its beaches, tropical lifestyle, and role as Latin American hub but now we’re being recognized for being green as well! A new study by CBRE Group & Maastrict University ranked Miami 9th in the nation for green commercial real estate. 19.4 percent of new towers and development projects have been “green certified.” This correlates to 79 buildings and 21 million square feet of office space with either U.S. Green Building Council LEED certification or Energy Star labels.

Miami Ranked 9th in US for Green Commercial Real Estate

Miami Ranked 9th in US for Green Commercial Real Estate

This movement is motivated by more than a sense of responsibility to our environment, Miami investors are reacting to a growing client demand for sustainable building features. Public policy in Miami has also pushes this trend forward, county municipal code requires all new private development over 50,000 square feet to achieve LEED Silver certification. While commercial spaces are making the list for the first time, it’s important to know that Florida homeowners are also progressive with their green efforts. A recent study by the USGCB ranked Florida seventh for the most LEED-certified homes, with 1,860 total. Contact ONE SIR about how our exclusive developments have embraced sustainable measures.

ONE Sotheby’s Visits Canada

 

 ONE Sotheby’s Exclusive Development recently visited Toronto and Montreal to showcase two of South Florida’s top development projects, the Ritz-Carlton Residences and Riva in Fort Lauderdale. During the trip they networked with top brokers and buyers in the area and held several presentations on the two exclusive developments. This visit to Canada continues to prove ONE Sotheby’s international reach and international marketing initiatives.

ONE Sotheby's Canada

ONE Sotheby’s Brokers Make Real Trends Top 1000 List

 

Real Trends has unveiled its list of the Top 1000 Realtors in the country and we are proud to announce that several brokers from ONE Sotheby’s are named. The list is divided in several categories, and four from our team are included in the list for Top Sales Volumes by Individuals.

Rank #65- Eloy Carmenate, 2013 Sales Volume: $112,958,876.40

Rank #78- Mayi de la Vega, 2013 Sales Volume: $102,352,476.00

Rank #86- Jorge Uribe, 2013 Sales Volume: 97,726,000.00

Ranks #203- Jo-Ann Forster, 2013 Sales Volume: $65, 152,508.00

Congratulations to our top producers! See the complete list: Real Trends Top 1000  14D7EE38-CCDA-4EE2-813E-DBFF3F874F17

Qatar Airways Flight Between Doha and Miami

 

This week Qatar Airlines continued to solidify Miami as a major metropolitan hub by adding a direct flight between Doha and MIA. The five-star international airline only offers direct flights to five other U.S. cities, making Miami a top destination for Middle Eastern tourists and investors alike. Qatar Airlines CEO, Akbar Al Baker said that Miami holds great appeal as a travel spot of its own and a gateway to the Caribbean for tourists hoping to hop on major cruise lines.

Al Baker spoke at the St. Regis Bal Harbour this week alongside the Miami Dade County Mayor and Aviation Director. He described the allure of his airline as “youthful” with aircrafts that are 4.2 years old and in-flight personnel that are 28 years old on average respectively. This major airline announcement comes atop of news of a quickly expanding PortMiami and new MLS stadium. Miami is making its mark as a cultural and economic epicenter and showing no signs of slowing down.

Qatar

Significant Listing: 2050 North Bay Road, Miami Beach

 

Listed by one of ONE Sotheby’s International Realty’s top producers, Jorge Uribe, this waterfront estate features more than 7,500 square feet, and is the former home of Grammy award-winning artist Aleajndro Sanz. Currently listed for $18,000,000, the property has 160’ of deep-water frontage, which makes it ideal for yachting aficionados. It has been restored with an architectural design by Wallace Tutt and it also has a world-class recording studio designed by renown sound engineer Rafael Sardina. This home is captures the true ambiance of Miami Beach luxury living with sprawling outdoor spaces that are perfect for entertaining and that feature the most incredible views of the bay. To see more visit www.2050nbayrd.com or contact Jorge Uribe: (786)371.8777

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