Archive for the ‘Real Estate News’ Category
Rapper Lil Wayne, who is about to head to jail for a gun possession charge, listed his South Beach condo for $2.8M. The four bedroom condo is located in the Murano Grande Condominium at 400 Alton Road in Miami Beach. The list price is very, very reasonable which suggests that the owner, for some reason, is motivated.(What could it be?)
Real Estate Developer Sells Miami Beach Estate for $4.6M
Thursday, January 7th, 2010Richard 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: Waterfront Homes PPSF Falls 25% Y-O-Y
Friday, January 1st, 2010In 2009 there were 42 waterfront sales in Miami Beach. The average Miami Beach waterfront home sold for $702/ square foot. The high sale for 2009 was Shaq’s Star Island home which sold in June for $16M, and the low sale was a home in mid-beach for $1M. Coincidentally, the high and low sales in 2008 were just about the same.
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 [...]
Update: Canyon Ranch Living Miami Beach
Tuesday, September 15th, 2009“What’s up at Canyon Ranch Miami Beach?” It appears to be very complicated, according to an article in WSJ.
What Went Wrong at Canyon Ranch
It’s no secret that I’ve been a big believer in the Miami Beach project. We could have a big, macro-economic dialogue about theories, but the best answer is probably the simplest: It just came to market [...]
