Archive for the ‘Big Ones’ Category
Richard Meruelo, a principal of Miami-based Merco Group and CEO of Los Angeles-based Meruelo-Maddux Properties, has sold a property at 5745 Pinetree Drive in Miami Beach for $4.6M. Meruelo and his wife, Maria, bought the real estate, an 8,600 sf Mediterranean-style manse, and adjoining lot, in 2005 for $5.6M.
Miami Beach Luxury Real Estate: Reduction of the Day -1350 S. Venetian Drive
Monday, December 14th, 2009I believe the high-end waterfront home sector in Miami Beach will be the story of 2010. Here’s why: Inventory is way up, homes have been sitting on the market for record amounts of time, and number of real estate transactions are way down.
Miami Beach condos have been pummeled in the media for years. Prices have dropped big time, except for the South of Fifth neighborhood. Inventory is decreasing and number of transactions are up—way up. Not the same for waterfront Miami Beach homes…
Miami Beach Real Estate: North Bay Road Waterfront Sells For Over $7M LESS than Original Ask
Friday, October 9th, 2009On market for over three years, 2046 North Bay Road sells for $9,750,000
Originally listed for $17M, 2046 North Bay Road is sited on a 38,314 sq. ft. lot. The newly-constructed 14,582 sq. ft. home sold for $668.63 psf. The estate has seven bedrooms, nine bathrooms, two half-baths, and a four car garage.
Prior to this sale, there [...]
New: $20M on La Gorce Island –88 La Gorce Circle, Miami Beach
Thursday, October 8th, 2009
88 La Gorce Circle, Miami Beach, FL
Check out the listing here
More on La Gorce Island homes
Top 5 Miami Beach Trophy Properties For Sale
Friday, October 2nd, 2009What defines a trophy property? A trophy property, in this case, is real estate that is superlative for one reason or another, and not determined solely on price. Other factors like location and provenance play a large part, if not larger, than the actual price.
1. 1736 W. 28th Street, Miami Beach
This home comes in first place for [...]
Miami Beach Condos: Caribbean South Beach is First Major Bulk Sale
Thursday, September 3rd, 2009Caribbean South Beach-3737 Collins Avenue, Miami Beach, FL
Caribbean South Beach has been purchased by a New York entity, Melohn Properties. Caribbean South Beach is not quite in South Beach, but close enough.
According to the Miami-Dade real estate tax records, only about six units have closed in the 103 unit condo. The project was ripe for investors because of it’s oceanfront location [...]
