Miami Beach luxury waterfront homes continue to be a hot commodity with inventory being scarce and prices rising 16% Y-0-Y, the average waterfront home in Miami Beach is now a record $6.7M. Land prices have surged and number of sales and values are at unprecedented heights. Prediction for 2015? More of the same. Read more…Read more
I know, I know. I ‘ve been gone. Gone! But I’m back. In the year and a half I’ve been away, I’ve seen exactly ONE blog post from other sources that I consider great. Most of the stuff that gets pushed out to you is for reasons other than simply delivering useful info. I’m actually […]Read more
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?)Read more
I 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…Read more
One of the most talked about Penthouses has returned to the market for $24,000,000. Setai South Beach Located at 101 20th Street, Miami Beach Penthouse “B” at Setai South Beach has been on and off the market for more than a few years now. It was originally purchased from the developer in 2004 for $9,500,000. It came […]Read more
Providing real estate stats for South Beach real estate, as you could guess, is not all that exciting. I’ve had that stats for about a month now but haven’t posted them because I feel that providing the raw data WITHOUT insight is offering no service to my readers and my clients. The last month has […]Read more