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April 5, 2013
Another luxury condo has sold at The Residences at the Miami Beach Edition, an ultra-exclusive hotel/condo project set to open in April of 2014. The two-bedroom, 2,000-square-foot unit sold for 6 million dollars, or 3,000 dollars per square foot. This follows the record-breaking sale of 2 combined penthouse units to a single buyer for 34 million dollars in early March.
April 3, 2013
An oceanfront condo residence in the Setai Miami Beach recently sold for 7.8 million dollars. This marks the highest price paid for a non-penthouse unit at the ultra-luxury tower.
April 1, 2013
Extensive renovations on Fisher Island Club’s Racquet Club and Links Golf Club have been completed, according to Miller Construction Company. The Racquet Club and Links Golf Club each had their interiors stripped and updated with luxurious finishes.
March 29, 2013
Jade Signature, the latest Jade project for developer Fortune International, will have large terraces that make up approximately a third of the total living space. The 55-story luxury condominium building is set to rise in Sunny Isles Beach.
March 27, 2013
The South Florida real estate market is still hot, according to recent figures released by the Miami Association of Realtors, the local Multiple Listing Service and CoreLogic. The new figures show that sales and home prices in the area continue to increase, while foreclosure rates decrease.
March 25, 2013
A Florida proposal seeks to limit the number of days per year a homestead property can be rented without adversely affecting the homestead status of the property. The proposed bill allows the rental of a homestead property for up to 30 days in a year. If a homestead property is rented for more than 30 days for two consecutive years, the property will be considered abandoned as a permanent residence and the homestead tax exemption will be lost.
March 22, 2013
One Thousand Ocean, a 7-story luxury building in Boca Raton, has closed two more units, bringing the oceanfront property to 91% occupancy. The recently sold units, a 2-story beach villa and a penthouse, totaled 11 million dollars.
March 19, 2013
Famed architect Zaha Hadid revealed the design for her proposed luxury condominiums in Miami. The 61-story tower, known as One Thousand Museum, marks her first residential project in the United States. The tower features an ultramodern exoskeleton and is set to rise on Biscayne Boulevard in Downtown Miami.
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