Breaking News: Setai South Beach Condo Sale Breaks Record… AGAIN

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.

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Miami Beach Real Estate: 2012 South of Fifth Condo Stats

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.

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Miami Beach Real Estate Stats: South Beach Condo Market Index

This data is based on information from the Southeast Florida Regional (SEFR) MLS or from the associations participating in the SEFR: for the period of 1/1/2008-6/30/2008. Starting with this installment of South Beach condo statistics, I am adding two new buildings to the mix: Apogee South Beach and Continuum South Beach (North Tower). Miami Beach […]

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Big News: Lenders Blacklist Some Miami Condos

Say you want to sell your unit at Related Group’s new 50 Biscayne Condo in downtown Miami, you find a buyer willing to purchase your unit, you agree on terms, and you probably think, “whew, I’m really lucky I sold.”  Not so fast: today’s Daily Business Review is reporting Banks and mortgage lenders compile lists of buildings they […]

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Miami Beach Real Estate: The Upside of a Declining Market

New York Times wrote an article today on a subject that has been rolling around my pretty little head lately. Since insurance rates and property taxes seem to be clouds over the Miami real estate market, then the anticipated lower taxes on declining property values will be the silver lining of that cloud. While every […]

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