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
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.
The name of this blog is South Beach Condo Blog. The url of this blog is www.southbeachrealestateblog.com.
This blog is the #1 Miami, Miami Beach, and South Beach real estate blog – and I’m pretty proud of that. With that comes added pressure.
![Gerald Posner: “The Developers Won” [Video]](http://www.southbeachrealestateblog.com/wp-content/themes/kevin-mag/scripts/timthumb.php?src=http://www.southbeachrealestateblog.com/images/default.jpg&h=150&w=150&zc=1)
I have to say, being a real estate agent, I’m kinda, well REALLY happy that they won, but don’t tell Gerald that, ok? Just between you and I, ok?
On 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 [...]
88 La Gorce Circle, Miami Beach, FL
Check out the listing here
More on La Gorce Island homes
