Posts Tagged With 'real estate'

Miami Penthouse Market is Thriving

Miami Penthouse Market is Thriving

Demand for South Beach penthouses is growing larger than the supply, due largely to foreign interest in South Florida’s real estate market.

Many foreign buyers are primarily interested in purchasing a penthouse with sprawling ocean views. However, there is not an unlimited supply of such properties.

In May, a triplex penthouse at South Beach’s Continuum sold for $25 million, setting a Miami record. Another penthouse in Miami was sold for $20 million.

Over this past year, a number of Argentinian developments have occurred in Miami. Argentinian developer Eduardo Constantini broke ground  on a 142-unit condominium project in February. In March, Argentine Manuel Grosskopf paid $50 million for three parcels in Surfside, and Jose Luis Melo has five pending projects, totaling 800 units in downtown Miami.

Source: The Real Deal

Palm Beach Billionaire’s Row Estate Home Sells for $23.5 Million

Palm Beach Billionaire’s Row Estate Home Sells for $23.5 Million

Ruby Rinker's Estate Home on Billionaire's Row in Palm Beach

Ruby Rinker’s Estate Home on Billionaire’s Row in Palm Beach

Palm Beach resident Ruby S. Rinker has sold her oceanfront estate home in a private deal for a whopping $23.5 million.  The deed was recorded by the Palm Beach County Clerk’s office.  According to property records, it is the largest single residential sale in Palm Beach in the last year.

The seven-bedroom home is situated on a 2.66 acre estate on the stretch of Palm Beach’s South Ocean Boulevard known as “Billionaire’s Row.”

Built in 1971, the house and a two-bedroom outbuilding have nearly 12,230 square feet of living space, according to Palm Beach property records. The property features a swimming pool and tennis court.

Rinker bought the house for $7.45 million in 1999.

Full Story: Palm Beach Daily News

If interested in more information and future updates, please call or visit our website:

Miami Heat Forward Sends Pompano Beach Estate to Auction

While Miami Heat forward Mike Miller may be preparing for the NBA Playoffs on the court, he is preparing his Pompano Beach estate for auction off the basketball court.

His 9,000 square foot, waterfront estate in Pompano Beach will be sold to the highest bidder on June 30th.  This is the second time the estate has gone to auction.  In 2011, it sold for $5.4 million.

The home features six bedrooms, eight baths and two half baths.  Miller is currently ranked No. 15 on the Business Journal’s list of highest paid athletes.

Full Story: South Florida Business Journal

South Florida's Luxury Real Estate Is Again in High Demand

South Florida’s Luxury Real Estate Is Again in High Demand

The Mansions at Acqualina, Luxury Oceanfront Condos in Sunny Isles Beach

The Mansions at Acqualina (right) is One of Many New Ultra High-End Condos Being Built in the Booming South Florida Luxury Real Estate Market

In South Florida, the luxury real estate market is booming. While Wall Street turmoil kept many potential buyers on the sidelines for years, they’ve reentered the market with  renewed confidence.

Ultra-exclusive properties are in strong demand.

Most buyers are out-of-towners looking for a second, third or fourth home.  Nearly all pay cash — regardless of the price.

In Miami-Dade, the hot spots are well known: South Beach, Gables Estates, Star Island and Key Biscayne. Affluent New York deal-seekers are confidently purchasing these luxury waterfront properties.

Full Story:  The Miami Herald

If interested in more information and future updates, please call or visit our website: