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Another High End Sale in Palm Beach

Another High End Sale in Palm Beach

Another notable luxury real estate sale took place in North Palm Beach. A seven-bedroom estate sold for $21.17 million, according to the Palm Beach County Clerk’s office.

The Tuscan-style oceanfront home was built in 1997. This waterfront mansion is surrounded by 4 acres and 247 feet of ocean frontage.

The exquisite estate includes a spacious home theater, VIP guest suite and a wine room. The previous owner sold another 2.71 acres of the property for a recorded $10 million in 2009.

The lucky owner is a single man looking for a sizable oceanfront estate away from traffic. He is planning on making this his permanent residence.

Source: Palm Beach Daily News


beautiful front view of luxury oceanfront estate located at 12210 Banyan Road, palm beach

12210 Banyan Road



Palm Beach Luxury Housing Market is Continuing to Improve

Palm Beach Luxury Housing Market is Continuing to Improve

The Palm Beach real estate market is catching up to Miami’s booming market.

Palm Beach has always been a popular location for luxury homeowners because of the fine boutiques, 5 star restaurants and unrivaled ocean views. Unfortunately, the housing market crash put a hold on the purchasing of luxury oceanfront homes for a while.

According to the Realtors Association of Palm Beach, the median price of condominiums in Palm Beach County rose 16 percent this August, compared to the same time last year.

“Buyers who were sitting on the sidelines became very active after the first of the year,” said Bonnie Lazar, 2012 president of the Realtors Association of the Palm Beaches. “As a result, inventory moved quickly and changed the dynamics of the market, sparking an increase in the median price of single-family homes.”

A few of the sought-after luxury oceanfront condo buildings located in Palm Beach are The Excelsior, Luxuria, Bellaria, One Watermark Place, Dolcevita and The Ritz-Carlton Residences.





Luxuria, luxury oceanfront condos, palm beach, miami, fort lauderdale


Paradise Found in a South Florida

Paradise Found in a South Florida

Visitors from Europe, South America, Canada and various parts of the United States are flocking to South Florida and buying what is left of the city’s real estate.

Here are 6 of the Best Things South Florida has to Offer its Newest Residents:

  1. 5 Star Restaurants
  2. Championship Golf Courses
  3. Luxury Spas-The Setai was named one of “The World’s Best Spa Resorts” by the Five Star Alliance.
  4.  Beautiful Beaches
  5. Luxury Shopping
Acqualina located on Collins Avenue, Miami Beach

Acqualina Luxury Residences


Canyon Ranch Living, Miami Beach

Canyon Ranch Living

Jennifer Lopez’s Former Miami Beach Estate is on the Market for $40 Million

Jennifer Lopez’s Former Miami Beach Estate is on the Market for $40 Million

Jennifer Lopez, singer and actor, sold her Miami Beach estate for $13.9 million back in 2005. The oceanfront property was purchased by Mark Gainor, a health care entrepreneur.

After purchasing the lavish mansion, they put a further $11 million into the home. It consists of 12,000 square feet of living space, seven bedrooms, nine and half baths and 1.21 acres of land. The exquisite Miami Beach estate also features koi ponds, beautiful gardens and a large pool.

In 2010, they put the house back on the market unsuccessfully for $28 million.

Gainor has now put the luxury oceanfront estate on the market for $40 million, hoping to ride the new real estate buying wave.

Source: Miami New Times

Jennifer Lopez's Former Miami Beach Estate

Jennifer Lopez’s Former Miami Beach Estate

New Construction in Sunny Isles Beach

Sunny Isles Beach has become a hotbed for new residential construction. About six new luxury oceanfront condos are proposed for the barrier island over the next couple of years.

Some of the newly proposed luxury condominiums in Sunny Isles Beach are Chateau Beach, 400 Sunny Isles, Mansions at Acqualina, Porsche Design Tower and Regalia. It’s possible units in these buildings will be sold out by the end of 2012.

Foreign buyers have been eying South Florida real estate. Many of the foreign buyers are looking for good deals and a safe place to invest their cash.

Sunny Isles Beach was created about 15 years ago. At the time, the stretch of beach in Miami was covered with theme-oriented boutique hotels from the 1950’s. Developers realized that this area was ideal for beachfront condos.

At this point, Regalia is the only new tower under construction. The Regalia is a 43-story, luxury oceanfront residential building, featuring 39 units overlooking Golden Beach.

Source: The Miami Herald



South Beach Luxury Condos Are Selling Quickly

South Beach Luxury Condos Are Selling Quickly

Just last week, eight luxury waterfront condos at Canyon Ranch Living sold within two hours of going on the market, due to an existing waiting list.

This week, the Continuum, a luxury condo building in Miami Beach’s South of Fifth neighborhood, is making headlines with a $16.25 million oceanfront condo that sold to a foreign buyer. The beautiful three-bedroom, three-bathroom property sold within a month. The listing price was $19.5 million.

This is an exciting time for the high end real estate market.

Source: The Real Deal

Continuum,  South Beach, Miami, luxury oceanfront condos

Continuum located on South Beach


Sale Prices in Palm Beach Are Rising

Sale Prices in Palm Beach Are Rising

A Palm Beach luxury oceanfront home and seven-bedroom guesthouse recently sold for $41.5 million in the highest residential sale in Palm Beach since the housing market crashed.

Gay Hart Gaines, one of the owners of the luxury beachfront home, is a longtime Republican Party fundraiser who also served many years as the national chairman of GOPAC. Stanley N. Gaines is a retired chief executive of an automotive company.

According to the warranty deed, this was a private sale to Endigan LLC, an Arizona-based limited liability company.

The property consists of about 2 acres, with more than 160 feet of ocean frontage and a private road that was purchased in 2003. The property was originally purchased for $6.5 million in 1998.

Source: Palm Beach Daily News


luxury oceanfront home at 1473 N. Ocean Blvd., Palm Beach, Florida

1473 N. Ocean Blvd., Palm Beach

Bal Harbour Luxury Condos Driving the Booming Miami Market

Bal Harbour is thriving. The value and sales of luxury oceanfront condos rose in Bal Harbour more than any other area in Miami-Dade County this past year, according to data from Miami-Dade Property Appraiser Pedro Garcia.

This is great news for sellers. Condos in the area rose 35 percent this year. The Bal Harbour shops, fine dining and nearby South Beach attract new buyers. The new St. Regis Bal Harbour Resort has also played a part in the increase. The St. Regis Bal Harbour Resort development opened this past January and has already achieved $630 million in sales.

Other luxury oceanfront condo developments are also doing well in the area. Property Markets Group is developing the 95 on the Oceana condominium complex.

Ryan Shear, managing director at development firm Property Markets Group says the increase in sales and property value has come from a couple of things taking place in Bal Harbour.

“One is the lack of supply — obviously there’s only so much oceanfront in South Florida,” he said. “And the other factor has been the South American buyers — these aren’t New Yorkers or Americans — in all these buildings.”

Source: The Real Deal


Palm Beach Oceanfront Real Estate Prices and Sales Keep Increasing

The news keeps improving for Palm Beach homeowners. The value of luxury waterfront real estate is going up in Palm Beach County, according to the Realtors® Association of the Palm Beaches.

“Pending and closed sales are moving in an upward direction in Palm Beach County, which is very reassuring,” said Bonnie Lazar, President of the Realtors Association. “In addition, February’s median sales price, based on all properties, is up from the previous month and the inventory of homes for sale is down.  This clearly illustrates that Palm Beach County is experiencing a mini-recovery and better times are ahead.”

As sales increase throughout Palm Beach County, the inventory of luxury oceanfront condos is also decreasing. This is one of the best times in recent history to buy a luxury waterfront condo or estate, due to historically low interest rates. If you have been considering selling or buying property, now is a great time to move forward.

Source: Boca News Now

New Condo Boom in Miami Hits Sunny Isles Beach

New Condo Boom in Miami Hits Sunny Isles Beach

Sunny Isles Beach is becoming the coveted location for new condominiums in Miami.

According to the Miami Herald, six luxury condo towers are being developed in Sunny Isles, equating to 530 luxury oceanfront units along Collins Avenue. Developers have purchased four additional luxury sites for condos in Sunny Isles Beach.

In order to avoid real estate demise of 2007, lenders are mostly unwilling to finance developers for new condominum construction projects. Developers are now forced to use their own money, as well as payments from contracted buyers for these projects. In many cases, developers are requiring around 80 percent of the purchase price to be paid in increments over time based on construction milestones.

Sunny Isles Beach was created 15-years ago to accommodate international buyers’ demand for luxury oceanfront condos. The picturesque beach town attracts approximately a million visitors every year.

Source: The Miami Herald