 |
Miami Real Estate Investing Podcast With Peter ZalewskiAuthor: Peter Zalewski
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 a former financial journalist and the founder of the Miami Condo Investing Club. Zalewski is a licensed real estate broker, Wall Street analyst and expert witness. This podcast is not authorized by the real estate industry and will probably annoy many of the industrys talking heads. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
Listen Now...
Sunny Isles Beach Vintage Condos Listed At 77% Discount To Overall Market
Episode 824
Tuesday, 25 August, 2026
In this episode of Miami Condo Mondays™, the hosts examine the Deteriorating Buyers Market gripping the barrier island in Northeast Miami-Dade County at the midway point of the Summer Buying Season.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 OverviewIn this episode of the Miami Condo Mondays™ podcast on Aug. 24, 2026, co-hosts Jenny Huertas of CVR Realty and Peter Zalewski of the Miami Condo Investing Club™ examine why Vintage condo listings in Sunny Isles Beach are priced 77% below the Overall market at the halfway point of the 2026 Summer Buying Season of May through October.The hosts evaluate the Vintage unit discount against a broader Deteriorating Buyers Market, driven by a disappointing FIFA World Cup that filled South Florida with visitors this Summer Buying Season without translating into unit sales, and Fannie Mae's decision to eliminate limited review underwriting for condo loans on Aug. 3, 2026.Zalewski said the conditions are likely to deteriorate further with mortgage rates hovering around 6.75% today compared to 5.99% on Feb. 27, 2026, before the Iran War.Added to that, Wall Street is bracing for a possible Federal Reserve rate hike as early as September 2026 to fend off inflation.The Sunny Isles Beach market is defined as the barrier island community in northeast Miami-Dade County stretching from Haulover Park north to Golden Beach, and the Atlantic Ocean west to the Intracoastal Waterway.During the 72-minute episode, Huertas and Zalewski drilled down into the the state of Sunny Isles Beach market based on the age of the units.Vintage condos that are at least 30 years old have 14.1 months of resale supply sitting on the market. Modern condos that are up to 29 years old are saddled with 21.6 months of supply.The two sectors—Vintage and Modern—together comprise the Overall market, which has 17.5 months of supply to qualify as a Deteriorating Buyers Market, according to the Miami Condo Supply Tracker™.Despite mandatory inspections instituted by the Florida Legislature after the Surfside condo collapse on June 24, 2021, Vintage condos have emerged as the most popular option for today’s buyers thanks to more square footage, better locations and self-parking.Zalewski said Vintage condos also greatly benefit from being priced 77% cheaper than the Overall market and 85% lower than Modern units.Vintage units have an average asking price of about $440,000 compared to Modern condos that are listed for sale for an average price of more than $3 million.The Sunny Isles Beach Overall market has an average asking price of nearly $1.9 million.Huertas said it is no surprise that the Vintage sector—which is in a Deteriorating Buyers Market—has the smallest amount of supply available for resale given the pricing.Conversely, the premium-priced Modern units are stuck in a Severe Buyers Market based on 21.6 months of supply available for purchase.Huertas and Zalewski also weighed the rental market as a fallback for sellers, finding little relief there either, with landlords asking a median monthly rent of $5,300 compared to the $2,950 that leases were completed at in the first half of 2026, according to CVRRealty.com.
