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Right now, the single-family home market in Miami is very hot. Andrew Mirmelli, a renowned investor, recently took advantage of this and purchased a gorgeous Miami Beach estate. The owner of M&M Parking Management Services purchased this property for $21 million,...

Last week, total condo sales amounted to almost $162 million. This was an increase from the previous week, when the total was $154 million. However, sales volume dropped to 237 units from 285. The total increase because there were two huge Fisher Island home closings...

One of Miami's most renowned developers just listed his private Coconut Grove estate for $33M. Better known as "Condo King," billionaire Jorge Perez is selling his private home. Perez is the CEO of Related Group, which is a development company that has been around...

Right now, demand for real estate is very high. Because there are many buyers competing for properties, it is considered to be a seller's market. Although buyers can still find great opportunities, they have to move a lot faster in order to get the property they are...

A new Coral Gables real estate project is in the pipeline. In fact, Codina Partners is looking to start site preparation this year for a brand new luxury project. It will be aimed for those looking to "right-size." The new project, Regency Tower Coral Gables, will be...

A hospitality fund recently purchased an Ocean Drive hotel in Miami Beach. In fact, Optimum Development USA sold the Celino South Beach hotel complex to CGI Hospitality Opportunity Fund I. Rodriguez's A-Rod Corp. Adi Chugh of Maverick Commercial Properties also joined...

Right now, home sellers are seeing very big profits as real estate prices keep rising. However, during the second quarter of this year, the profit margins were not as robust as one might expect. The median profit for single-family and condo sales in the second quarter...

Are you looking to sell your home? If so, you might want to consider undergoing some improvements in order for it to sell faster and for a better price. Right now, the market is really hot, and making a few upgrades can make a huge difference in the amount of interest...

Melo Group's new construction, Aria Reserve in Edgewater is set to begin in early 2022. This new development will become the tallest waterfront residential twin towers in the U.S. In fact, they will be 60 stories and measure 637 feet above ground. Right now, sales are...

Recently, Gloria and Emilio Estefan sold their Star Island mansion for $35 million. At 7,988 square feet, this home is a dream come true. Located on 1.3 acres, the sale equated to $4,382 per square foot. The Star Island mansion was listed for $32 million in 2019....

A venture capitalist recently purchased a Bay Harbor Islands home for $12 million. In fact, Fued Sadala, an executive at Anheuser- Busch purchased the home, setting the record price for waterfront sales in the island. The eight bedroom, 7,098 square foot home is a...

GEO Group executive, David Meehan, recently sold his Boca Raton home for $19 million in an off-market deal. The 11,753 square foot home was purchased by professional racer, Jason McCarthy and his wife. In total, the price of the home equated to $1616 per square foot....

Lions Group from NYC recently purchased a development site in order to turn it into a new Downtown Miami apartment tower. The New York group allegedly paid $10 million fo the site which has already been approved for a project. M Tower will be a 53 story apartment...

Right now, the Orlando real estate market is seeing historically high rents. Rents in the are have risen continuously in the last couple of months. In fact, since March 2020 rents in Orlando have increased by an average of 14%. Right now, the average cost of rent in...

In the past, Fort Lauderdale was a very popular spring break destination for college students. Starting during the 60s, 70s, and 80s, thousands of college students would stamped the city. Therefore, the City Commission started campaigning to flip the demographic. This...

During the pandemic, many international homebuyers had trouble purchasing in the United States due to restrictions. However, more than 100,000 homes were bought by foreign buyers from April 2020 to March 2021. Buyers from neighboring countries made up the majority of...

Mila, a renowned Lincoln Road restaurant just got approval to add an entertainment venue. In fact, the restaurant will be adding a 7,352 square foot nightlife space on the second floor of the 800 Lincoln Road building. This new area will serve drinks, food, and will...

Last week, a Porsche Design Tower Condo led the weekly condo sales in the area. Although there were less units sold than the previous week, the $16.6 million closing at the Porsche tower helped the sales volume rise. In that period, a total of 215 condos were sold for...

A Biscayne Bay mansion tripled its value in two years. That is right. A mansion located in the Bay Point Neighborhood sold for nearly three times what it did back in 2019. Previously owned by Jose Gregorio Breindembach Ziegler, this 4,462 square foot mansion is a...

The Miami Dade real estate market set a huge record in June. In fact, it saw the highest number of residential sales in one month in almost 30 years. This is a huge sign that the demand for homes in South Florida is still extremely high. During June, Miami-Dade saw...

Miami is full of incredible attractions for both locals and tourists. With so many glamorous spots, everyone can enjoy a very fun time in the area. If you are visiting Miami, you will find a lot of hotel options that will make your stay even more magical. However,...

During the pandemic, the Miami housing market remained hot. In the first quarter of this year, the number of sales closed in Miami Beach spiked 68%. Similarly, closings were up 378% compared to a year before. Because so many people are still interested in getting in...

The Four Seasons Hotel Miami got a new owner, and they have plans to upgrade. Fort Hospitality Group recently bought the 70-story tower for $130 million. The hotel in Miami's financial center features 221 rooms. In total, the sale equates to around $588,000 per room....

Recently, TV personality Michael Wekerle sold his Fort Lauderdale mansion for nearly $17M. Measuring 9,151 square feet, this mansion is truly a dream come true. The new owner is a trustee of The Prager Manga Reva Revocable Trust. Last year, the Fort Lauderdale mansion...

Right now, the market is very competitive for buyers. In fact, national inventory of active listings is down over 40% YoY. This spike in demand means that buyers are going above and beyond to standout. From raising offers, to removing contingencies. Contingencies are...

A recent study showed that Wynwood is no longer the epicenter of trendy. In fact, Fort Lauderdale was named the top trendy spot in South Florida. The fun South Florida city was named #4 on the "Best Cities for Hipsters" list. To figure out the most trendy cities,...

Two new towers are coming to Fort Lauderdale. In fact, the 300-foot towers will be the tallest on Fort Lauderdale Beach. The developer of the new Fort Lauderdale real estate project announced that it will be launching sales for both of the towers. Each of the towers...

South Florida is an incredibly fun place. Whether you live here and are just looking for some summer inspiration, or you are visiting from out of town, there are many fun things to do. Here are 3 fun things to do in Miami that will not only be a great experience, but...

Leases for warehouse space in South Florida rose by 37% YoY. This is highly because of the rise of remote work and the strength of the area's economy. In the first six months of 2020, warehouse leases and renewals had a total of 867 deals. A year later, the area had...

If you've been wanting to try Gordon Ramsay's food, you'll be happy to hear that he's opening a new Miami Beach restaurant. The celebrity chef plans to open his renowned eatery "Lucy Cat" at 119 Washington Avenue. The building where the restaurant will be held is now...

Right now, the housing market is completely different than it was a year ago. In fact, because of lower mortgage rates and tight inventory, homes are getting snapped up relatively fast. Therefore, right now it is a seller's market. Although that is great news if you...

Recently, NBA legend Dwyane Wade sold his Miami Beach mansion for $22M. Wade spent 16 years in the NBA, and many of those years were spent playing for the Miami Heat. Not only is this waterfront home an absolute dream come true, but it also features a Miami...

Good news for Boca Raton residents and visitors! A new ice skating arena project is moving forward. In fact, the developers just got a $14 million construction loan. The project will be called Boca Ice and Fine Arts Center and will be locate at 900 Peninsula Corporate...

When buying or selling real estate, the property isn't officially sold until the closing. A lot of times, sellers are advised to keep their options open by accepting backup offers. In short, a backup contract is one that would take the place of the original buyer...

Ever since the pandemic started, more and more people have opted to move to South Florida. This is because the Sunshine State comes with a lot of benefits for its residents. Not only is it a beautiful paradise, but it also has great tax advantages. Earlier this year,...

Good news! The highly anticipated South Florida event, Miami Spice is returning. After a year filled with challenges, the event is set to be back for its 20th year. From August 1st through September 30, locals and tourists will be able to enjoy some great discounts at...

Recently, the former owners of Swiss Watch international purchased a waterfront Miami Beach home. Located on Allison Island in Miami Beach, this mansion has it all. According to their agent, the buyers purchased the property within 24 hours. The waterfront Miami Beach...

A South Miami-based developer sold a Palmetto Bay apartment complex for $58.2 million. The Soleste Bay Village is located at 18301 South Dixie Highway. Furthermore, it was sold to Westdale Real Estate Investment and Management. The apartment complex features 213 units...

Because of the pandemic, many industries have begun to rethink the way they operate. The entertainment industry is certainly one of them, which is why Doral FL residents will be happy to know a new outdoor space is coming to the area. "The Backyard" will be a 15,000...

In a recent study, a spot in the Florida Keys was named one of the best places to watch the sunset. The report was conducted by the travel website Bounce. Furthermore, this spot was repeatedly mentioned and recommended by travel writers and bloggers. In addition, the...

Right now, the real estate market is on fire. If you are trying to sell your home, right now might be an amazing time to do so. There is a lot of competition amongst buyers, and beautiful homes on the market are selling fast. Therefore, if you've been thinking of...

Wynwood House will be an incredible multifamily project in an Opportunity Zone. In fact, Lineare Group and Bridge Investment Group just got a construction loan of almost $38 million to make this happen. At 224 units, Wynwood Haus will elevate the real estate market in...

From June 27 to July 3, the South Florida real estate market remained hot with luxury condo sales. In fact, a $27 million Sunny Isles penthouse led the sales. Located at Mansions at Acqualina, this incredible mansion in the sky only spent 24 days on the market before...

I-395 construction is finally starting to take shape. This brand new bridge will lead to and from the MacArthur Causeway and South Beach. For a while, the construction of this piece of highway made that area of Miami almost unrecognizable. However, there has been...

Recently, a Miami Worldcenter site went up for sale. However, it was just announced that Witkoff and Monroe Capital from NYC and Chicago purchased it for $94 million. Since it was originally going to be a convention center, the plans were scrapped and the site went up...

Last week, mortgage applications decreased 1.8% to their lowest number since the pandemic hit. Right now, the market is still experiencing low inventory and high home prices, which has caused mortgage demand to fall. Even as rates slipped, both refinance and purchase...

Good news for the Coral Gables real estate market. A new $50 million village of duplexes, townhouses, and condos is on the works. This will replace existing apartment rental buildings with a very nice and luxurious community. "Gables Village" will consist of about 50...

A condo tower in Downtown Miami is nearly sold out after just months of launching sales. Before the pandemic, developers would offer a number of incentives to agents and prospective buyers. However, right now the market is so hot that projects are selling out fast....

Recently, the housing market in the U.S has been experiencing a total boom. In many markets, it has been a total seller's market. However, there was a new influx of new listings in June, which was a great turn of events. The housing market in the U.S has had a very...

We are diving into another hurricane season here in South Florida. Therefore, it is important to stay informed and know how to be prepared. Recently, it was stated that a tropical storm might hit South Florida. "Elsa" has already caused a tropical storm warning in the...