Archive for August, 2007

Apogee South Beach Luxury Condo- Update-August 28, 2007

Tuesday, August 28th, 2007

I hear that Apogee is to be delivered before the end of the year. I know a lot of readers have been asking me about construction updates so here it is! What was even more fun was that I went out to check out the $12M penthouse at Murano at Portofino for a client and […]

Luxury Property Fire Sale in Key Biscayne; Scarface Home on Market for $38.5M

Friday, August 24th, 2007

It seems that Key Biscayne hedge fund manager John Devaney, CEO of United Capital made a bad decision by investing in the mortage market right before it collapsed.  According to, Devaney put “…one of his most prized possessions-a 142–foot Trinity yacht dubbed Positive Carry— up for sale along with his $16.5 million second-home in Aspen, CO.  […]

$18.5M Penthouse at 1500 Ocean Drive Goes Under Contract

Monday, August 13th, 2007

That’s right. Four combined penthouse units at Michael Graves’ 1500 Ocean Drive went under contract Friday. The unit is comprised of 11,940 interior sq. ft., 8,200 sq. ft. of private roof terrace (unfinished) and 1,624 sq. ft. of balconies.

SBCB Scoop: Miami Beach’s $29M Setai Penthouse Under Contract

Thursday, August 9th, 2007

I remember when I got into the real estate business about 15 years ago that agents who primarily sold condos were considered second-class brokers. How times have changed. Word on the street (or in my ear) is that the penthouse at Setai South Beach, located at 101 20th Street in Miami Beach, is under contract. […]

Does Miami Need Another Real Estate Broker?

Tuesday, August 7th, 2007

Rumor has it that a former executive and co-owner of a now-defunct high-end brokerage,  which merged with Coldwell Banker in 2002, is planning to start his own firm now that his non-compete clause is coming to an end.