Miami Real Estate Investing Podcast With Peter Zalewski

Miami Real Estate Investing Podcast With Peter Zalewski

By Peter ZalewskiBusinessInvesting
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Miami Real Estate Investing Podcast With Peter Zalewski episodes

  • Do Vintage Units Pose Systemic Threat To Prices In South Florida Condo Market?

    In this episode of Miami Condo Mondays™, the hosts discuss the repercussions of a new report from the Condo Ratings Agency showing 67% of tricounty units are at least 30 years old.

    Miami Condo Mondays™ features Peter Zalewski of the Miami Condo Investing Club™ and veteran broker Jenny Huertas of CVRRealty.com in a weekly deep dive into South Florida condo real estate.

    Recorded in Greater Downtown Miami, the podcast delivers an hour of high-level analysis on preconstruction condos, market trends and investment strategies for the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.

    The show leverages more than 60 years of combined institutional knowledge as Zalewski provides the macro perspective and Huertas offers on-the-ground micro insights from her daily experience in the trenches.

    The show streams live every Monday at 4 pm on the social media accounts of both hosts to provide an authoritative look at the latest shifts in the condo market.

    Episode Overview

    In this episode of the Miami Condo Mondays™ podcast on May 18, 2026, co-hosts Jenny Huertas of CVR Realty and Peter Zalewski of the Miami Condo Investing Club™ discuss a new report from the Condo Ratings Agency™ showing the tricounty South Florida region of Miami-Dade, Broward and Palm Beach has nearly 509,000 Vintage units that are at least 30 years old.

    The report is notable as it contradicts the talking points of the sellside brokers who claim—on the eve of the five-year anniversary of the Surfside condo collapse in June 2021—that Vintage condos are a nonissue—rather than a systemic risk—as this segment represents only a sliver of South Florida’s Overall market.

    In reality, the new report shows that Conventional units built since 1997 account for only 33% of the South Florida condo stock.

    Vintage condos are a primary driver of rising maintenance fees, hefty special assessments and pricey insurance premiums that have led to surging expenses for condo owners.

    The rising costs of condo living is prompting an increasing number of unit owners to head for the exits, a trend reflected by the first jump in unit sales in four years during the recently concluded 2025-26 South Florida Winter Buying Season of November through April.

    To unload their units, cash-strapped owners have cut their prices and accepted lower offers.

    We predicted this phenomenon back in June 2024 when we coined the term the Florida Condo Association Financial Cliff.

    In January 2025, we called for a 40% price drop in South Florida condo prices driven by the recalibration of the industry and measured against the inflated valuations of the go-go days of 2021-23 when out-of-town buyers flooded into South Florida to work from home and not have to wear a mask during the pandemic.

    During the 47-minute episode, Huertas and Zalewski review the statistics, examine the charts and provide insightful analysis about what the repercussions could be now that it has been documented that the South Florida condo market is dominated by Vintage units.

    As part of the 2026 Summer Buying Season initiative to publish episodes more quickly, the podcast summary has been eliminated, meaning viewers should use the timestamped timeline and the Top 10 Takeaways to navigate the show on demand.

    47 min
  • Buy, Sell, Hold Miami™ Real Estate Podcast Reveals Winners Of 1st Annual BSH Awards

    To celebrate the program's one-year anniversary, co-hosts Daniel Hernandez of Compass Real Estate and analyst Peter Zalewski of the Miami Condo Investing Club™ announce the 2026 BSH Award winners.

    This is copy of a live podcast recorded Fridays at 4 pm in Miami featuring real estate advisor Daniel Hernandez of Compass Real Estate and analyst Peter Zalewski of the Miami Condo Investing Club™.

    Welcome to Buy, Sell, Hold Miami™ weekly podcast for a no-nonsense perspective on South Florida real estate from a pair of locals with differing opinions.

    Each week, real estate advisor Daniel Hernandez of Compass Real Estate and longtime analyst Peter Zalewski of the Miami Condo Investing Club™ break down the housing market headlines, unpack policy changes and provide unfiltered analysis on everything from condo terminations to Vintage unit fire sales, luxury speculative homes to developer strategies.

    Whether you are a homeowner, investor or real estate professional, Hernandez and Zalewski will give a local perspective on what is really happening across the tricounty South Florida region of Miami-Dade, Broward and Palm Beach with no fluff, no hype and plenty of data-backed opinions.

    We call balls and strikes on when to buy, sell and hold.

    Episode Topics

    For the May 15, 2026, podcast celebrating the program’s one-year anniversary, Hernandez and Zalewski nominated, debated and selected the winners of the 1st Annual BSH Awards in the following five categories:

    1. Rookie Of The Year Award

    2. Highest Bar Tab Of The Year Award

    3. Carl Fisher Ballyhoo Award

    4. Only In Miami Award

    5. Can’t Get It Up Award

    This podcast is broadcast live at 4 pm (EST) on the social media accounts of Daniel Hernandez and Peter Zalewski.

    Episode Overview

    In this May 15, 2026, episode of the Buy, Sell, Hold Miami™ podcast, real estate advisor Daniel Hernandez of Compass Real Estate and longtime analyst Peter Zalewski of the Miami Condo Investing Club™ cut through the local rhetoric, delivering straight talk and skepticism on five of the biggest topics of critical importance to South Florida investors.

    The hosts debate each topic and declare whether it is a Buy, a Sell or a Hold. They do not always agree. The friction is the point.

    During this 55-minute episode celebrating the program’s one-year anniversary, Hernandez and Zalewski nominate, debate and select the winners of the 1st Annual BSH Awards in five categories.

    The categories are:

    1. Rookie Of The Year

    2. Highest Bar Tab Of The Year

    3. Carl Fisher Ballyhoo

    4. Only In Miami

    5. Can’t Get It Up

    As part of the 2026 Summer Buying Season initiative to publish episodes quicker, the podcast summary has been eliminated, meaning viewers should use the timestamped timeline and the Top 10 Takeaways below to navigate the program on demand.

    55 min
  • Why Did South Florida Condo Sales Finally Rise, Reversing 4-Year Slump For Winter Buying Seasons?

    In this episode of Miami Condo Mondays™, the hosts explore how sales rose 6.2% as a 3.0% drop in the median price per square foot spurred buyer interest across the tricounty condo market.

    Miami Condo Mondays™ features Peter Zalewski of the Miami Condo Investing Club™ and veteran broker Jenny Huertas of CVRRealty.com in a weekly deep dive into South Florida condo real estate.

    Recorded in Greater Downtown Miami, the podcast delivers an hour of high-level analysis on preconstruction condos, market trends and investment strategies for the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.

    The show leverages more than 60 years of combined institutional knowledge as Zalewski provides the macro perspective and Huertas offers on-the-ground micro insights from her daily experience in the trenches.

    The show streams live every Monday at 4 pm on the social media accounts of both hosts to provide an authoritative look at the latest shifts in the condo market.

    Episode Overview

    In this episode of the Miami Condo Mondays™ podcast on May 11, 2026, co-hosts Jenny Huertas of CVR Realty and Peter Zalewski of the Miami Condo Investing Club™ discuss the final condo sales statistics from the 2025-26 South Florida Winter Buying Season of November through April.

    During the 74-minute episode, Huertas and Zalewski review the statistics, examine the charts and provide insightful analysis about South Florida condo sales increasing for the first time since the 2021-22 Winter Buying Season of the pandemic.

    As part of the 2026 Summer Buying Season initiative to publish episodes quicker, the podcast summary has been eliminated, meaning viewers should use the timestamped timeline and the Top 10 Takeaways to navigate the show on demand.


    1 hr 14 min
  • Buy, Sell, Hold Miami™ Real Estate Podcast For Week Of May 8, 2026

    This is copy of a live podcast recorded Fridays at 4 pm featuring Daniel Hernandez of Compass Real Estate and analyst Peter Zalewski of the Miami Condo Investing Club™.

    This is copy of a live podcast recorded Fridays at 4 pm in Miami featuring real estate advisor Daniel Hernandez of Compass Real Estate and analyst Peter Zalewski of the Miami Condo Investing Club™.

    Welcome to Buy, Sell, Hold Miami™ weekly podcast for a no-nonsense perspective on South Florida real estate from a pair of locals with differing opinions.

    Each week, real estate advisor Daniel Hernandez of Compass Real Estate and longtime analyst Peter Zalewski of the Miami Condo Investing Club™ break down the housing market headlines, unpack policy changes and provide unfiltered analysis on everything from condo terminations to Vintage unit fire sales, luxury speculative homes to developer strategies.

    Whether you are a homeowner, investor or real estate professional, Hernandez and Zalewski will give a local perspective on what is really happening across the tricounty South Florida region of Miami-Dade, Broward and Palm Beach with no fluff, no hype and plenty of data-backed opinions.

    We call balls and strikes on when to buy, sell and hold.

    Episode Topics

    For the May 8, 2026, podcast, Hernandez and Zalewski give their take on the following four topics:

    1. Nobody Wants To Buy At The Delmore

    2. This Branding Thing Is Getting Out Of Hand

    3. Tenants Are Flowing Into Wynwood

    4. The Deauville Dirt Is Worth The Fight

    5. Tremendo Lote

    This podcast is broadcast live at 4 pm (EST) on the social media accounts of Daniel Hernandez and Peter Zalewski.

    Episode Overview

    In this May 8, 2026, episode of the Buy, Sell, Hold Miami™ podcast, real estate advisor Daniel Hernandez of Compass Real Estate and longtime analyst Peter Zalewski of the Miami Condo Investing Club™ cut through the local rhetoric, delivering straight talk on five of the biggest topics of critical importance to South Florida investors.

    The hosts debate each topic and declare whether it is a Buy, a Sell or a Hold. They do not always agree. The friction is the point.

    During the 59-minute episode, Hernandez and Zalewski examine a the lack of sales for a new tower on the site of the Surfside condo collapse, a new condo tower named after the popular “White Lotus” series on HBO, Adam Neumann’s latest real estate play, a lawsuit related to the ownership a Miami Beach oceanfront development site and a $500 million land listing in Greater Downtown Miami.

    As part of the Summer Buying Season initiative to publish episodes quicker, the podcast summary has been eliminated, meaning viewers should use the timestamped timeline and the Top 10 Takeaways below to navigate the program on demand.

    59 min
  • Broward County Condo Prices Fall 8% PSF In Winter Buying Season As Bubble Unwinds

    In this episode of Condo Capitalism™, Peter Zalewski discusses the latest condo trends in the Overall and Luxury markets of Broward County between November 2025 and April 2026.

    Condo Capitalism™ is a weekly podcast hosted by Peter Zalewski of the Miami Condo Investing Club™ that provides data-driven analysis on distressed real estate—foreclosures, shortsales and bank-owned REOs—in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.

    The program tracks the Florida Condo Association Financial Cliff, where rising maintenance fees, special assessments and insurance costs are squeezing cash-strapped owners.

    On the show, experts analyze how the national “two-sided risk”—rising inflation and falling employment—magnifies these local pressures, potentially forcing a capitulation by owners who can no longer afford condo living.

    Join Peter Zalewski at MiamiCondo.Club for a livestream every weekday at 4 pm (Miami time). On-demand recordings of all shows are available here.

    Episode Overview

    In the May 7, 2026, episode of the Condo Capitalism™ podcast, host Peter Zalewski pivots away from the distressed market this week to focus on the latest Broward County condo trends emerging during the recently concluded 2025-26 Winter Buying Season of November through April.

    In Broward County, Overall condo sales increased by 2.8% to more than 4,300 units in the Winter Buying Season compared to last year but the median price per square foot decreased by 8% to $206, according to data from CVRRealty.com.

    Broward County’s Luxury condo market—defined as a minimum price of at least $1 million per unit—experienced a 22% surge in sales to 222 transactions despite a 12% increase in the median price per square foot.

    Zalewski discussed these points and all of the latest Broward County condo trends during this 50-minute episode recorded in Greater Downtown Miami.

    As part of the Summer Buying Season initiative to publish episodes quicker, the podcast summary has been eliminated, meaning viewers should use the timestamped timeline and the Top 10 Takeaways below to navigate the program on demand.

    51 min
  • Miami-Dade Luxury Condo Prices Fall 2.5% PSF In 2025-26 Winter Buying Season

    In this episode of The Peter Zalewski Show™, the host discusses the latest condo trends in the Overall and Luxury markets of Miami-Dade County between November 2025 and April 2026.

    The weekly podcast The Peter Zalewski Show™ features interviews with South Florida business leaders focused on real estate, finance and the economy.

    The program - hosted by Peter Zalewski of the Miami Condo Investing Club™ - is broadcast live every Wednesday at 4 pm (Miami time) at MiamiCondo.Club and on Peter Zalewski’s social media accounts to watch the free live broadcasts.

    The objective of the show is to deliver straight talk, share institutional knowledge and provide data-driven analysis on the macro and micro economic forces shaping the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.

    Episode Overview

    In the May 6 2026, episode of The Peter Zalewski Show™ podcast, host Peter Zalewski discusses the drop in the average price per square foot for Miami-Dade County condo sales during the recently concluded 2025-26 Winter Buying Season of November through April.

    In Miami-Dade County, Overall condo sales increased by 3.7% to more than 4,500 units in the 2025-26 Winter Buying Season compare to last year but the median price per square foot decreased by 1.2%, according to data from CVRRealty.com.

    Miami-Dade County’s Luxury condo market—defined as a minimum transaction price of $1 million per unit—experienced a 10% increase in sales to 924 in response to on a 2.5% drop in the median price per square foot.

    Zalewski discussed these points and all of the latest Miami-Dade County condo trends during this 47-minute episode recorded in Greater Downtown Miami.

    As part of the Summer Buying Season initiative to publish episodes quicker, the podcast summary has been eliminated, meaning viewers should use the timestamped timeline and the Top 10 Takeaways below to navigate the program on demand.

    47 min
  • Summer Brings Heat, Humidity, Hurricane Warnings — And Condo Ratings Agency™

    This week’s Miami Condo Market Intelligence Report™ newsletter announces the changes coming to the Miami Condo Investing Club™ between May and October as the South Florida market continues to unwind.

    In this week’s issue of the Miami Condo Market Intelligence Report™ newsletter, we examine the changes coming to the Miami Condo Investing Club™ for the 2026 South Florida Summer Buying Season of May through October in an effort to provide even more actionable information for members targeting opportunities in the tricounty region of Miami-Dade, Broward and Palm Beach.

    The centerpiece of this Summer Buying Season is a project we have been tinkering with for more than 15 years: a Condo Ratings Agency™ that will assess the financial health and structural viability of condo associations across South Florida.

    We are not talking about the generic rankings based on sellside brokers promoting their favorite projects that pay high commissions and feature celebrity residents for social media posts but rather market moving insights that data-driven investors can use to differentiate opportunities from value traps.

    Think Moody’s. Think S&P. Think Fitch.

    Now, think the Condo Ratings Agency™ for evaluating South Florida’s 13,000 associations.

    Instead of rating public companies and municipalities, the Condo Ratings Agency™—which will rely upon our experience as a Wall Street consultant, expert witness and nonpracticing real estate broker—will rate the condo buildings that line the South Florida coast east of I-95.

    Many of these condo projects are now being forced by state law to confront decades of deferred maintenance, mandatory structural inspections and reserve fund shortfalls that have sent monthly fees and special assessments surging for cash-strapped unit owners across South Florida.

    Before writing off these older condo projects that we call Vintage when they reach their 30-year anniversary, consider that many of the units have asking prices that are 40% less than the Overall market, have superior locations to the new generation of buildings as they were constructed in or before 1996 and feature significantly more square footage compared to the current space being built by developers.

    The impetus behind the Condo Ratings Agency™ traces back to the Great South Florida Condo Boom and Bust of 2002-2011 when we were asked by bankers to figure out a better way for portfolio lenders to understand the financial state of a particular condo association.

    Our early efforts—that included putting up a website in April 2011—were eventually snuffed out by legal advice suggesting that a thorough evaluation of condo associations—in which boards vehemently resist sharing their information so as to maintain their reputation—could potentially impact valuations.

    Fast forward to June 2021 when the Champlain Towers South collapsed on the Miami-Dade County barrier island in Surfside, killing nearly 100 people and resulting in a $1 billion settlement with the families of the victims.

    In the nearly five years since the Surfside tragedy, legislators have passed sweeping new requirements focused on bringing transparency to the Florida condo market by way of mandatory evaluations every 10 years called Structural Integrity Reserve Studies (SIRS) and Milestone Inspections at a project’s 30-year anniversary.

    Beside the rising maintenance fees, hefty special assessments and pricey insurance premiums that have followed, at least one Florida municipality—Miami-Dade County— has moved to make specific information public with the Community Association Registry.

    Unfortunately, Miami-Dade County is an outlier at the moment but the day of being able to rate condo associations based on defendable metrics is near and we are jumping on the opportunity this Summer to prove it.

    33 min
  • Buy, Sell, Hold Miami™ Real Estate Podcast For Week Of May 1, 2026

    This is copy of a live podcast recorded Fridays at 4 pm featuring Daniel Hernandez of Compass Real Estate and analyst Peter Zalewski of the Miami Condo Investing Club™.

    This is copy of a live podcast recorded Fridays at 4 pm in Miami featuring real estate advisor Daniel Hernandez of Compass Real Estate and analyst Peter Zalewski of the Miami Condo Investing Club™.

    Welcome to Buy, Sell, Hold Miami™ weekly podcast for a no-nonsense perspective on South Florida real estate from a pair of locals with differing opinions.

    Each week, real estate advisor Daniel Hernandez of Compass Real Estate and longtime analyst Peter Zalewski of the Miami Condo Investing Club™ break down the housing market headlines, unpack policy changes and provide unfiltered analysis on everything from condo terminations to Vintage unit fire sales, luxury speculative homes to developer strategies.

    Whether you are a homeowner, investor or real estate professional, Hernandez and Zalewski will give a local perspective on what is really happening across the tricounty South Florida region of Miami-Dade, Broward and Palm Beach with no fluff, no hype and plenty of data-backed opinions.

    We call balls and strikes on when to buy, sell and hold.

    Episode Topics

    For the May 1, 2026, podcast, Hernandez and Zalewski give their take on the following four topics:

    1. Key Biscayne’s Drain Game Is Weak

    2. If You Build It, The Kids Will Come

    3. Another One (On Brickell Key)

    4. Aston Martin Builds A Great Car

    5. Ken Billions Is Coming On BSH!

    This podcast is broadcast live at 4 pm (EST) on the social media accounts of Daniel Hernandez and Peter Zalewski.

    Episode Overview

    In this May 1, 2026, episode of the Buy, Sell, Hold Miami™ podcast, real estate advisor Daniel Hernandez of Compass Real Estate and longtime analyst Peter Zalewski of the Miami Condo Investing Club™ cut through the local rhetoric, delivering straight talk on five of the biggest topics of critical importance to South Florida investors.

    The hosts debate each topic and declare whether it is a Buy, a Sell or a Hold. They do not always agree. The friction is the point.

    During the 52-minute episode, Hernandez and Zalewski examine five pressure points testing the limits of South Florida's celebrated boom, ranging from a wealthy island community gambling with its own flood future to a billionaire land rush quietly reshaping the region's private school landscape.

    Along the way, the hosts debate a trio of Greater Downtown Miami stories that raise hard questions about money, litigation and whether the market's newest and most powerful players actually understand the city they are betting on.

    The first story starts with water and ends with a question about judgment.

    Key Biscayne—one of Miami’s wealthiest island communities in South Florida where the median home price is about $1.6 million—has just walked away from a study, betting instead on a flood control strategy that neighboring Miami Beach has already tried and publicly abandoned.

    Next comes a story about schools, or more precisely, about what happens when the people moving to Miami discover that money alone cannot buy a seat at the right lunch table.

    A cluster of billionaires new to South Florida have started funding their own private schools, unwilling to wait for the existing system to catch up to their ambitions.

    The third story focuses on Brickell Key where a Vintage condo tower is rumored to be in the crosshairs of a pair of developers with big plans and a large checkbook.

    The hosts discuss how difficult it is to get a building full of owners to agree on anything, especially selling their units to a development group once a story has been leaked to the press.

    For the fourth story, Hernandez and Zalewski discuss a new lawsuit filed against the developer of the Aston Martin condo tower, raising questions not about the look of the building but about whether the developer knows what he has gotten himself into with the latest suit.

    52 min
  • 20 Foreclosed Units Listed Below $100,000 As South Florida Condo Cliff Intensifies

    In this episode of Condo Capitalism™, Peter Zalewski examines the distressed market on the final day of the 2025-26 Winter Buying Season as cash-strapped owners are increasingly being forced out.

    Condo Capitalism™ is a weekly podcast hosted by Peter Zalewski of the Miami Condo Investing Club™ that provides data-driven analysis on distressed real estate—foreclosures, shortsales and bank-owned REOs—in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.

    The program tracks the Florida Condo Association Financial Cliff, where rising maintenance fees, special assessments and insurance costs are squeezing cash-strapped owners.

    On the show, experts analyze how the national “two-sided risk”—rising inflation and falling employment—magnifies these local pressures, potentially forcing a capitulation by owners who can no longer afford condo living.

    Join Peter Zalewski at MiamiCondo.Club for a livestream every weekday at 4 pm (Miami time). On-demand recordings of all shows are available here.

    Episode Overview

    In the April 30, 2026, episode of the Condo Capitalism™ podcast, host Peter Zalewski identified 20 bank-owned condos currently listed in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach for less than $100,000 per unit, with the lowest asking price at $39,000—or $44 per square foot—for an 880-square-foot unit in Delray Beach.

    During the 47-minute episode, Zalewski delivered a status report on the distressed market—shortsale and Real Estate Owned (REO) by lenders—on the final day of the 2025-26 Winter Buying Season of November through April.

    Zalewski explained how the date of April 30, 2026, carried particular weight for both buyers and sellers heading into the heat, humidity and hurricane warnings of the Summer Buying Season of May through October, when the pool of buyers shopping for condos typically thins out as investors begin to look elsewhere.

    The 20 REO condos currently listed for resale at or below $100,000 were identified as part of a broader distressed inventory of 474 properties—a mix of 406 REOs and 68 shortsales—currently listed in South Florida, according to data from CVRRealty.com.

    The current supply of distressed inventory represents about 1.9% of the roughly 25,500 condos currently listed for resale in South Florida.

    The three lowest-priced REOs listed for resale are all located in Delray Beach in Palm Beach County, with asking prices of $39,000, $41,000 and $59,900, translating to $44, $54 and $68 per square foot, respectively.

    Broward County has emerged as the primary focus area for distressed buyers, with an average REO asking price of less than $274,000 per unit compared to nearly $782,000 in Miami-Dade and about $490,000 in Palm Beach County.

    Zalewski examined Vintage condos separately, noting that 287 of the 406 total REO units on the market were at least 30 years old, making older units the primary source of the distressed inventory in the tricounty region.

    Vintage condos have faced greater scrutiny in the aftermath of the Surfside condo collapse in June 2021, when nearly 100 people died and a $1 billion settlement was paid out to the families of the victims.

    47 min
  • Miami Developer Abandons Rental Project For Condo Tower In Little Havana

    In this episode of The Peter Zalewski Show™, veteran developer Henry Torres is betting the next opportunity in Miami is not luxury towers or rental projects but moderately priced condo buildings.

    The weekly podcast The Peter Zalewski Show™ features interviews with South Florida business leaders focused on real estate, finance and the economy.

    The program - hosted by Peter Zalewski of the Miami Condo Investing Club™ - is broadcast live every Wednesday at 4 pm (Miami time) at MiamiCondo.Club and on Peter Zalewski’s social media accounts to watch the free live broadcasts.

    The objective of the show is to deliver straight talk, share institutional knowledge and provide data-driven analysis on the macro and micro economic forces shaping the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.

    Episode Overview

    In the April 29, 2026, episode of The Peter Zalewski Show™ podcast, host Peter Zalewski interviews veteran developer Henry Torres of the Astor Cos. in Coral Gables about why he is betting that the most overlooked opportunity in Miami real estate right now is moderately priced condos in the Little Havana neighborhood.

    The conversation focuses on why Torres—who had 85 contracts fall through on the 128-unit Nordica tower on Coral Way in Miami during the Great South Florida Condo Boom and Bust of 2002 to 2011—relied on his development experience to change the focus of a rental project that he is currently constructing into the Havana Enclave condo tower with 179 units at 315 NW 27th Ave.

    During the 77-minute episode, Torres—who spent 25 years selling seafood to nearly every major cruise line sailing out of South Florida before unloading his company Empire for $88 million in 2001—shared his insights from 24 years of developing condo and rental units about the future of the Miami residential real estate market at this tenuous moment.

    Torres makes the argument that the rental market in South Florida is overbuilt, the luxury condo market is concentrated between Greater Downtown Miami and the Miami-Dade County barrier island and the working-class buyer in Little Havana has been ignored by every developer chasing a wealthier customer somewhere else.


    Havana Enclave, he said, is built for that buyer. Studios start in the mid-$300,000s. One-bedrooms open in the low $500,000s. Two-bedrooms start in the low $700,000s. Every unit comes with a full-sized refrigerator, a washer and dryer, a walk-in closet and a space the owner can self park.

    Torres is asking buyers to put down a 30% deposit, a requirement he connects directly to what he watched happen during the go-go days of the 2000s when buyers with little or nothing invested walked away from signed preconstruction contracts.

    The 30% deposit, he argued, is not a barrier. It is the difference between a condo projects full of committed owners and a building full of investors who leave the moment the market trends change.

    The episode also gives Torres the opportunity to assess where the broader Miami condo market stands today compared to the last cycle.

    Torres is not sounding an alarm, but he is not dismissing the risks either.

    Construction costs have risen between 40% and 50% since before the pandemic.

    Institutional money built rental towers across South Florida in 2021, 2022 and 2023 without much concern for short-term returns, and that supply is now putting pressure on rental rates across the region.

    Torres does not see interest rates falling fast enough to change that equation anytime soon.

    What Torres does see is a city where billionaires are arriving with capital, and working-class families are spending $100,000 to $150,000 to renovate their Little Havana homes as they have nowhere else to go.

    1 hr 7 min

About Miami Real Estate Investing Podcast With Peter Zalewski

From the publisher's feed

This podcast focuses on identifying buying opportunities and implementing strategies in the volatile South Florida condo markets of Miami-Dade, Broward and Palm Beach counties. Host Peter Zalewski is…

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