Archive for the ‘33139’ Category

Setai South Beach Penthouse Sells for Record-Setting $21.5M. Breaks Multiple Miami Beach Real Estate Records

Friday, December 9th, 2011

Setai South Beach PH ‘A’ described as one of the most important condos on the eastern seaboard, sold for a staggering $21.5M, breaking multiple sales records in the process.

Miami Beach Condos: Mid-Year Luxury South Beach Condo Market Report

Thursday, July 7th, 2011

Miami Beach Real Estate Roars Back I knew this was a really good year, but it wasn’t until I started to pull the stats that I realized HOW good a year it’s been – and continues to be.  We regularly track nine condos in South Beach’s South of Fifth (SoFi) neighborhood for a few reasons: Location […]

Nearly Three Years Later, Apogee South Beach Penthouse Sells for About Half its Original List Price

Friday, April 15th, 2011

After lingering on the market for almost three years, the Apogee Penthouse in South Beach closed for $11.5M yesterday (April 14). Originally listed for $22M in July 2008, owner Peter Fine paid $15M for the ultra-luxury condo property in February 2008. The buyer is Yulia Solodova for Apogee 702, LLC. Fine produced the Tony Award-winning musical […]

Miami Beach Real Estate: 2009 South Beach Condo Market Index

Wednesday, February 10th, 2010

2009 luxury real estate statistics for condos in the SoFi neighborhood of South Beach. The condo index is comprised of nine waterfront high-rise condos: Apogee South Beach, Continuum South Beach: North & South, Portofino Tower, South Pointe Tower, Murano at Portofino, Yacht Club, Murano Grande and ICON South Beach. There were 129 sales in the condo index in 2009 vs. 153 in 2008, a drop of 16%.

Miami Beach Real Estate: Luxury Waterfront Stats for 3Q 2009

Friday, November 20th, 2009

Much like the high-end condos, Miami Beach waterfront homes had a tough go of it in the early part of this year. But, all told, the impact of the real estate correction will be most felt in the luxury waterfront sector. Our first ‘big’ sale didn’t come until June, and still stands unrivaled.

Venetian Islands: Whaaa?
What really raised my eyebrow was the lack of sales on the Venetian Islands for the first half of the year. During the first half of 2008

Miami Beach Real Estate: 3QT 2009 Stats for Condos in South of Fifth Neighborhood

Thursday, November 19th, 2009

This has been a very interesting year. I’ve said before that the SoFi neighborhood in South Beach has weathered the real estate storm like a champ. Our busiest time of the year begins with Art Basel at the beginning of December and continues well into June.

For the previous few years, the week of Art Basel has been incredible. Last year was the year of NO action; and it only got worse from there. While inventory languished on the market for the first half of the year, sellers seemed to hear the message. List prices dropped, and dropped fast.