Miami Beach to Palm Beach Luxury Real Estate » Miami to Palm Beach Luxury Real Estate Blog

New Luxury Waterfront Condominium Buildings in Miami Beach are Selling Fast

Andrea — Fri, 15 Mar 2013 21:05:46 +0000

Many luxury beachfront condominiums in Miami have been selling before construction begins. Peloro, a new waterfront condo project set for construction in Miami Beach, has had great success selling units prior to construction. Sales started about three months ago, and seventy five percent of the proposed 115 units are already reserved.

Construction is set to begin in a few months. The oceanfront condo development has a planned completion date of 2014. The luxury residences will be located on Indian Creek, just minutes away from Bal Harbour and South Beach.

Located on the Intracoastal, Peloro will be seven stories high, with two and three bedroom units, a penthouse and a 2-story townhouse. The condominiums will range in size from 635 to 2,268 square feet.

Source: The Real Deal

Peloro, Luxury Waterfront Condo Tower in Miami

Historic Waterfront Home in Miami Beach is approved for Demolition

Andrea — Wed, 13 Mar 2013 20:48:44 +0000

The Real Housewives of Miami star Lisa and her husband Dr. Leonard Hochstein recently received approval to tear down their Star Island home. They bought the 8,117-square-foot home for $7.6 million. The Hochsteins believe there are many issues with the house, such as cracks in the outside walls. According to them, the historic waterfront mansion cannot be salvaged.

The Miami Design Preservation League has been fighting to keep their home intact. The home was built in 1925 and has recently been noted as historic, thanks to the preservation league’s efforts. The original house was designed by Walter DeGarmo, a prominent Miami-based architect.

William Cary, the city’s historic preservation director, states that the house wasn’t declared historic until after the Hochsteins purchased the home, making it unethical to deny their application.

“This is the most God-awful position that our staff can be placed in,” Cary said. “It would be ethically inappropriate for another board to intervene at this time.”

The new owners of the luxury waterfront estate plan on replacing the current home with a 14,000 square-foot mansion.

“I’m ecstatic,” Lisa Hochstein said after the approval. “I’m hopeful it will be done before this summer.”

The Hochsteins still need to receive building permits.

Source: The Miami Herald

New Condominium Tower Echo Aventura Makes a Splash in Miami

Andrea — Mon, 11 Mar 2013 22:02:46 +0000

Lavish parties for new construction appears to be back in style again in Miami. Last week, JDS Development Group and Property Market Group threw a soiree for their new condo project Echo Aventura, a luxury waterfront condominium tower located on Biscayne Bay in Miami.

JDS Development Group and PMG, both New York developers, introduced the $160 million Miami condo building last week, with women in pastel chiffon and Cirque du Soleil acrobats pouring the champagne. Construction on the waterfront development is set to start in June.

Echo Aventura will consist of 2 eleven story towers, featuring eighteen floorplans. The luxury condos will range in size from 1,510 to 4,020 square feet. Each condo will have a flow-through design, with spacious balconies.

Architect Carlos Ott and design firm Yabu Pushelberg are collaborating to create unrivaled style.

Source: The Real Deal

Echo Aventura Located in Biscayne Bay

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

Andrea — Wed, 06 Jun 2012 15:29:28 +0000

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: www.SeasidePropertiesGroup.com

Miami Heat Forward Sends Pompano Beach Estate to Auction

Andrea — Tue, 05 Jun 2012 20:25:33 +0000

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

Andrea — Mon, 21 May 2012 15:07:31 +0000

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: www.SeasidePropertiesGroup.com