Posts Tagged With 'foreign buyers'

Miami Condominium Boom Continues

Miami Condominium Boom Continues

Posted in Luxury Real Estate, Miami | No Comments

Luxury real estate inventory in Miami has been dwindling down, due to a condo buying frenzy. Developers have been proposing one new waterfront condo tower project after another, hoping to replenish the market supply and appease luxury real estate buyers.

The latest condo tower project to hit Miami is Marina Palms Club & Residences. Two luxury waterfront condominium towers will include 468 residences, a marina and yacht club, with one million square feet of residential space.

Over the past year many waterfront condos have been purchased by foreigners.

 

Marina Palms Club & Residences

Marina Palms Club & Residences

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South Beach Luxury Condos Are Selling Quickly

South Beach Luxury Condos Are Selling Quickly

Posted in Florida Economy, Luxury Real Estate, Miami | No Comments

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

 

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