Looks like this will be an amazing year for the Miami luxury real estate market. Yesterday afternoon, Forbes reported that an undisclosed American buyer purchased side-by-side penthouses at The Residences at the Miami Beach Edition for $34M, breaking the previous sales record for condominiums in Miami-Dade County set just two months ago. The Edition, a …Continue Reading
Over the past week, I have had the opportunity to tour a number of stunning condominiums throughout South Florida. Tuesday afternoon, was business as usual. That day I was fortunate enough to tour the 4,000 square foot residence of former NBA star turned international DJ Rony Seikaly. The luxury, 3 bedroom plus den/4.5 bath residence …Continue Reading
This morning, Miami was once again in the national spotlight. The young, vibrant and beautiful city was featured on the “Today” show for its Friday Field Trips series. The three minute video clip above will give you a gist of the praise that Miami received during the morning show’s coverage of the city. Miami is …Continue Reading
The South Florida real estate market is off to an outstanding start in 2013. News has broke that a record-breaking sale has taken place at Setai South Beach. PH-B has sold for an amazing $27M, or $3,800 per square foot. It breaks the previous sales record for condominiums in South Florida of $25M set last …Continue Reading
The Miami Beach luxury real estate market closed out 2012 with a bang. Two huge condo sales took place over the last four days of the year. A bi-level penthouse at Icon South Beach sold on New Year’s Eve for slightly under $21M, or $2,623 per square foot. The 4 bedroom/6.5 bath condo sold above …Continue Reading
Records were made to be broken. Sometimes, however, records are shattered. The recent sale of 3 Indian Creek Island for $47M shatters the previous record-breaking sale for single-family homes in Miami-Dade County set earlier this year by 22%. Edward Lampert, Sears Holdings Corp.’s chairman and hedge fund billionaire, purchased a waterfront estate, also located on …Continue Reading
According to several sources, Billy Joel listed his Miami Beach mansion this past Monday for $14.75M. The 8,881 square foot home offers 7 bedrooms, 8.5 baths, a luxurious bar with wine cellar, gourmet chef kitchen, a formal living and dining room, outdoor summer kitchen and expansive views of Biscayne Bay with over 150 feet of …Continue Reading
The phrase, “I know it when I see it”, was made famous in the 1964 landmark case of Jacobellis v. Ohio. It was used to describe Supreme Court Justice Potter Stewart’s threshold test for pornography. It occurred to me recently that the same threshold test should be applied to determine what does and does not …Continue Reading
Pop singer Ricky Martin has sold his Miami Beach home for $10.6M, as reported this morning by The Miami Herald. The 9,491 square foot waterfront mansion features 7 bedrooms, adjoining guest quarters, 8 full baths, 2 half baths, a fully wired media room, Jacuzzi, pool and elevator. The Mediterranean home resides on 150 feet of …Continue Reading
Penthouse A at Apogee South Beach is back on the market for a cool $25M, exactly 365 day after selling last April for $11.5M. Judging by the pictures, it does not appear that any upgrades were made to the unit prior to putting it back on the market. The 6 bedroom/7.5 bath penthouse condo has …Continue Reading
