South Beach Condo Blog

Setai South Beach breaks another record for a non-penthouse-type unit. The last 12 months have seen new benchmarks for ultra-luxury condos. The Miami Beach EDITION reports a $34M double-penthouse sale at the project, which yields $3,800/SF.

2012 Miami Beach real estate statistics for the ultra-luxe SoFi (South of Fifth) neighborhood in South Beach. In 2012 SoFi continued to flex and show off just how in demand this neighborhood is.

Miami Beach and Indian Creek Village Waterfront Sales for 2012. Real estate records were broken in all sectors, including: highest sale, highest sales volume and number of transactions. Land sale records were also broken, as older homes are to be demolished, and some lots joined together to make estate-sized properties.

I really didn’t plan on doing a Q3 stats analysis of Miami Beach luxury waterfront homes, but with such incredible activity, especially in the ultra-high-end ($10M+) range, the stats are so out-of-control good that I just HAD to. The big story of 2012 is the number of homes and parcels of land that sold in the [...]

  Miami Beach Real Estate: Indian Creek Island Estate Closes. Trumps Last Record Sale of $38.4M in March by $8.6M   Originally offered for $52M in 2007 and listed as high as $60M in 2010, the 30,000 SF modern manse at 3 Indian Creek Island in Miami Beach closed today — smashing all records — for [...]

So last year at this time I proclaimed, “Miami Beach Luxury Real Estate is Back… and in a Big Way!” When I made that statement, I had no idea what was to come. The stats I’m putting out today completely blow everything away — everything ever. Miami Beach luxury real estate has gone to the NEXT [...]