👙Hotter Than Brickell Asphalt at Noon

Good morning. Miami Swim Week is like spring break for fashion — except instead of frat boys, it’s fitness influencers asking waiters if the calamari is “clean.”

At any given moment, there are 14 photoshoots happening on Collins Avenue, 3 drone shows above Brickell, and one very lost tourist wondering why his hotel lobby turned into a DJ booth. Classic Miami.

THE 1% RULE SNAPSHOT

🏆 Karim’s Top 3 Multifamily Picks

📍 345 NE 168th St – North Miami Beach
💰 $320,000 | 💵 Est. Rent: $3,500/mo
✅ 1.09% Rule
Classic duplex in an affordable corridor with strong rental comps. North Miami Beach is seeing steady rental demand with proximity to Biscayne and I-95. A great low-price entry point for investors looking to maximize yield.
🔗 View listing

📍 1885 NE 53rd St – Pompano Beach
💰 $559,000 | 💵 Est. Rent: $6,000/mo
✅ 1.07% Rule
Fully upgraded duplex just minutes from the beach. Strong tenant appeal, short- or long-term rental strategies both work here.
🔗 View listing

📍 2325 Hayes St – Hollywood
💰 $725,000 | 💵 Est. Rent: $7,230/mo
✅ 1.00% Rule
Triplex in a high-demand rental zone close to Downtown Hollywood and Young Circle. Consistent performance, strong fundamentals.
🔗 View listing

📝 Note: Clickable MLS# in the sheet takes you to the property’s full listing page.

📈 Market Snapshot: April 2025

Miami-Dade County

• Single-Family Homes

  • Median Sale Price: $680,000 (↑ 4.0% YoY)

  • Closed Sales: 950 (↓ 10.8% YoY)

  • Months Supply: 6.3 (↑ 43.2%)

• Condos/Townhomes

  • Median Sale Price: $445,000 (↑ 0.2% YoY)

  • Closed Sales: 1,005 (↓ 21.3% YoY)

  • Months Supply: 13.7 (↑ 65.1%)

📌 Source: MIAMI REALTORS® April 2025

Despite the headlines, Miami isn’t crashing — it’s correcting. Inventory is up, closings are down, and buyers finally have room to negotiate. Condos are sitting longer, especially in buildings with high HOAs, while single-family homes are holding value thanks to tight zoning and strong rental demand.

That said, many sellers are just testing the market. They’re not panic-selling — they’ll wait for the right price, even if that means pulling the listing. So while inventory appears high, true deal flow is thinner than it looks. For smart investors, that’s an opportunity.

📅 Events
PARAISO Swim Week 2025: Where Fashion Meets Drama

South Beach turned into a catwalk carnival as PARAISO Swim Week 2025 rolled out 45+ events packed with fashion, parties, and more drone cameras than lifeguards.

Headliner Megan Thee Stallion made waves with the launch of her new Hot Girl Summer Swimwear collection — a gold one-piece showstopper that capped her surprise runway appearance. The line, now available at Walmart, aims to make body-inclusive swimwear both stylish and affordable.

And if that wasn’t enough, Love Island’s Josh Le Grove sparked rumors when he called his model girlfriend Mataya Sweeting his “wifey” during her walk. She followed up with “hubby” and heart emojis. No official wedding, but definitely peak Miami drama.

🧑‍⚖️ Community + Culture
Eminent Domain, Holy Houses & Brickell Burial Grounds

First up: the village of Dolton, Illinois is trying to seize the childhood home of Pope Leo XIV via eminent domain — a legal power that lets governments take private property for public use (with compensation, but often without much negotiation). The goal? Preserve it as a landmark. The owner? Not thrilled.

This isn’t just a quirky Midwest zoning case — it’s a reminder that in real estate, history can rewrite the rules.

Take Brickell. For years, a prime development site sat untouched after ancient Tequesta artifacts were discovered there — effectively freezing progress. But now, after court battles and archaeological reviews, the project is finally getting the green light.

The thread connecting both stories? Whether it’s a pope’s old bedroom or a prehistoric canoe paddle, cultural weight can stall, stop, or shape a property’s future. And in Miami, where heritage meets high-rises daily, it pays to know what’s under (and behind) the land you’re eyeing.

🐔Miami Mayhem

Chickens are taking over Miami.Yes, really. In parts of Little Havana, chickens have gone from charming background noise to full-blown neighborhood residents. They strut through intersections, nest in shrubbery, and — in some cases — wake you up before your 7am cafecito. Now, Miami commissioners are debating whether to fine people for feeding them, as complaints pile up and poultry populations grow.

But here’s the wild part: some people want more chickens.

I’ve had out-of-town friends visit Miami and ask — unironically — if I could take them to “the parts with the street chickens.” I still remember the first time I spotted them after moving here… not a beach, not a yacht, but a feathered welcome committee clucking down Flagler. It was strangely magical.

While we think of Miami as sun, sand, and salsa — chickens are part of the culture too. In fact, some Airbnb guests list them as a perk. Whether you see them as a nuisance or neighborhood mascots, they’ve become hyperlocal folklore. And if you’re a landlord in these areas? Might be worth checking your HOA bylaws for poultry clauses.

💻 Tech & Trends
Miami: Fastest-Growing Tech Hub in the U.S.

Miami just grabbed the No. 1 spot for fastest-growing tech startup activity in the U.S., according to a new global ecosystem report. The city jumped two positions in the global rankings (now at 28th) and is growing at a rapid 28.5% annually — outpacing major tech darlings like Austin, Denver, and Chicago.

But this isn’t just good news for VCs and founders — it’s rocket fuel for real estate.

Tech workers bring long-term rental demand. They want well-designed, flexible homes close to coworking spaces, cafes, and transit. That’s exactly what neighborhoods like Downtown, Wynwood, and even Doral are starting to offer in droves. As Miami’s tech scene matures, so does the opportunity for investors in small-scale multifamily.

The next time someone tells you Miami’s just for crypto bros and realtors, send them this: tech is the new tide — and it’s lifting duplexes.

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