The famous “Castle” will be a distant memory, soon! Bill Roedy, Chairman and CEO of MTV Networks International, has purchased the land for $4.42M. The house “mysteriously” burned to the ground on July 17th, 2009, under very dicey circumstances. Well, the new owner, who now lives at luxe Il Villaggio on South Beach plans to, […]
Two pools battle it out. One located in Greenwich, Connecticut and the other in Miami Beach located above the penthouse of Caribbean South Beach, 3737 Collins Avenue, in Miami Beach.
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?)
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%.
Richard 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.
In 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.
