Setai South Beach breaks another record for a non-penthouse-type unit. The last 12 months have seen new benchmarks for ultra-luxury condos. The Miami Beach EDITION reports a $34M double-penthouse sale at the project, which yields $3,800/SF.Read more
2012 Miami Beach real estate statistics for the ultra-luxe SoFi (South of Fifth) neighborhood in South Beach. In 2012 SoFi continued to flex and show off just how in demand this neighborhood is.Read more
The Apogee Penthouse, 800 S. Pointe Drive, PH #A, has been listed almost a year to the day of last year’s purchase for an astounding $25,000,000. From my knowledge of being the original listing agent, and the pictures on the MLS, the owner has not improved the property from when it was purchased. Um, ok. […]Read more
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%.Read more
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.Read more
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 […]Read more