Archive for the ‘South Beach/SoFi’ Category

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: 2010 South Beach Condo Market Index

Thursday, April 14th, 2011

This Miami Beach real estate condo index is comprised of nine luxury waterfront high-rise condos in the chic South of Fifth neighborhood in South Beach:  Apogee South Beach , Continuum North (or 2),  Continuum South( or 1), Portofino Tower, South Pointe Tower, Murano at Portofino, Yacht Club at Portofino, Murano Grande, and ICON South Beach. [...]

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: 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.

South Beach Real Estate: SoFi Condo Stats for 2QT 2009; Apogee Continues Reign; Price Declines and Huge Drops in Sales

Thursday, August 20th, 2009

Since starting this blog which, which seems like it’s been going on and on for years now, I was really excited to find out that I did a stats post for the EXACT same time period last year.  When doing stats, my goal is to not just give the numbers but to show what they [...]