Unrestricted Free Agent, Carlos Boozer, Sells Coconut Grove Mansion for $5.5M
Tuesday afternoon, The Los Angeles Times reported that Carlos Boozer, the unrestricted free agent of the Utah Jazz, recently sold his Coconut Grove mansion for $5.5M. The home was purchased by him and his wife, CeCe, for $7.3M in 2007. The 7,002 square foot Mediterranean-style estate has 5 bedrooms, 5 full baths, 2 half baths and a 3-car garage. Despite the recent sale, there is still speculation that Boozer will sign with the Miami Heat this off-season. Carlos Boozer had also been the former owner of a 25th floor condo at Jade Brickell which he sold for $1,385,000 in 2006.
Marina Blue Condo News
In the video below, we discuss two recent sales that took place last week at Marina Blue. We also mention a Marina Blue website that we’ll be launching later this week. It’s about 90 percent of the way done. Expect four other building websites within the next 2-3 months.
6 Bedroom Penthouse at Jade Beach Goes Under Contract – Asking Price $11M
Yesterday, the spectacular 6 bedroom/7.5 bath penthouse at Jade Beach went under contract providing additional evidence that the luxury market in South Florida is flourishing. The 3-story penthouse has 8,210 square feet of interior and 5,791 square feet of terrace. The asking price is $11M, or $1340 per square foot, and is being offered fully furnished. No word yet on who the buyer might be or how much was offered.
Recent Luxury Sales within the Past 30 Days
88 La Gorce sold for $16M on June 11, 2010
The Setai Penthouse B sold for $15m on June 4, 2010
Santa Maria Penthouse 4901 sold for $11M on May 21, 2010
One Bal Harbour Penthouse 2108 sold for $8.7M on May 25, 2010
Ocean Tower One #501 sold for $5.2M on June 3, 2010
Miami Real Estate Review – Episode 7
In this episode, we provide an update regarding the developer blowout sale at The Plaza on Brickell that started last Thursday. We also touch upon pricing at Icon Brickell and discuss news regarding Marquis. We end the show by highlighting four noteworthy foreclosures that came onto the market since last Friday.
Penthouse B at The Setai Sells for $15M
Last Friday, Penthouse B at The Setai sold for $15M, or $2416 per square foot. No word yet on who acquired the breathtaking, South Beach luxury penthouse. The previous owner purchased the unit directly from the developer in 2004 for $9.5M. From my knowledge, the recent sale is the highest priced condo sale to ever take place in Miami-Dade County.
Pictures and an e-brochure of Penthouse B at The Setai
For inquiring minds, Penthouse A at The Setai came onto the market this past April. The unit has the same square footage as Penthouse B. The asking price is $27M, or $4349 per square foot, which currently makes it the second highest priced condo listing in Miami-Dade County.
Video Tour of Penthouse 5 at Marina Blue
Penthouse 5 at Marina Blue offers one of the most panoramic views in Miami. The bi-level penthouse has 20-foot ceilings and resides on the 57th and 58th floors. The unit has 4,198 square feet of interior and 439 square feet of balcony. The asking price is $3.3M. The video below will provide you with a tour of this amazing Marina Blue penthouse. Call us at 305-428-3860 for more information or if you would like to schedule a private showing.
Floor Plan
Developer Blowout at The Plaza on Brickell
In this video segment, we discuss the developer blowout sale at The Plaza on Brickell that was announced Thursday afternoon. I received word just 24 hours later that 16 units had already been placed under contract. This is now the best deal in Brickell but availability won’t last long. Later in the video, we also discuss the uptick in luxury condo sales in 2010. We end the show with a picture slideshow of Penthouse A at Apogee South Beach which came onto the market last month with an asking price of $16M.
