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April 29, 2014
In yet another sign of the resurgence of the Miami real estate market, the developers of Oceana Bal Harbour received a 332-million-dollar construction loan for the ultra-luxury oceanfront development. The exclusive project already has more than 350 million dollars of signed contracts and even more in other commitments, including reservations.
April 25, 2014
A duplex penthouse at the Faena House with an asking price of 50-million dollars has gone under contract for an undisclosed amount. The sale is expected to set the record for the most expensive condo sale in Miami Beach. The current record was set in 2013 by a 27-million-dollar sale at the Setai.
April 22, 2014
The median prices of existing single-family homes and condos in Miami increased in March, despite growing inventory. The much-needed increase in inventory signals a more balanced market between buyers and sellers.
April 18, 2014
Vacation-home sales are booming again. The number of second-home sales in the United States increased by 30 percent last year. It was the largest gain since at least 2003, when the metric was first tracked.
April 17, 2014
The Miami real estate market recorded the most first-quarter residential sales in the 8 years the Elliman Report has been tracking the metric. Sales in Miami’s coastal communities rose 3.9 percent to 5,133, on a year-over-year basis.
April 14, 2014
Another new oceanfront condo tower is planned for Sunny Isles Beach. Turnberry Ocean Club will rise 52 stories and contain 150 exclusive residences. The luxury tower will be located at 18501 Collins Avenue.
April 10, 2014
In response to high demand, another new luxury condo building is under construction in Fort Lauderdale. Adagio on the Bay will overlook the Intracoastal Waterway and Hugh Taylor Birch State Park at 1110 Seminole Drive. The waterfront, boutique building will contain twelve 2 to 3-bedroom residences.
April 8, 2014
The Mansions at Acqualina condo tower in Sunny Isles Beach has been topped off. At 649 feet, the ultra-luxury oceanfront tower is now the 5th-tallest building in Florida.
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