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Miami Mansion Sold For $23 Million
Miami's real estate is hot hot hot! Right now, everyone wants to live in this piece of paradise. In fact, another big California investor just purchased a gorgeous Miami mansion. The home is only one year old, and it is located on the Venetian Islands in Miami Beach....
Floating Vacation Homes? Yup, And They Are Coming To Miami
A renowned vacation rental company is planning on bringing floating vacation homes to Miami. Each 2,380 square foot home is expected to rent for about $1200+ a night. Eventually, these floating homes will be linked together to form a resort. Each of the vacation homes...
Florida Real Estate Remains Target For Out of Town Buyers
For the last couple of months, the real estate market in the Sunshine State has been hot. Right now, people from out of town are incredibly interested in Florida real estate. In a new analysis, it was found that the number of homebuyers moving to Miami tripled...
Underline Miami Officially Starts Next Phase
Underline Miami, an incredible linear park and urban trail is on its way to deliver its second phase. Once completed, the project will encompass 120 acres of park that covers 10 miles of the area under the Metrorail. The goal of the project is to improve quality of...
5 Benefits of Homeownership
Nowadays, a lot of people are stuck between the decision of buying or renting a home. Both buying and renting can have different pros and cons depending on what you are looking for. However, those looking to establish roots might want to consider buying. Purchasing a...
Cash Buyers Account For A Third Of US Home Sales
Right now, more and more buyers and investors are upping the home-buying competition by coming in with cash on hand. In fact, a third of all U.S home sales in the second quarter were sold to cash buyers. This was up 20.6% from the year prior. In fact, this was the...
South Florida Rents Continue To Rise
Right now, South Florida rents continue to increase, making the lifestyle in the area more expensive. This increase is highly due to an increase in demand as well as higher home prices. Because of the pandemic, many people from out of state opted to move to South...
Hialeah Real Estate: New Projects in the Pipeline
Hialeah real estate is getting some action. In fact, some new low-rise apartments and a charter school are planned next to the Hialeah Park racetrack and casino. These projects are part of the first phase of a long-term development in the 200-acre property. The...
Dade Condo Sales Jumped in Weekly Report
From August 15 to August 21, Miami Dade condo sales jumped. During that period, condo sales totaled $148 million. This was up from $131 million the week before. Overall, sales dollar volume rose to 226 units compared to 208 units the prior week. This week, condos sold...
Miami Dade Real Estate Continues to Thrive
The real estate market in South Florida has been extremely hot ever since the pandemic hit. More than a year later, Miami Dade real estate continues to thrive. However, though residential sales keep rising, the declining inventory has been a challenge for some...
Looking to Sell Your Home? Here are 5 Mistakes to Avoid
If you are looking to sell your home, chances are you are trying to do so fast and for the best possible price. The truth is, right now the market is very strong for sellers. However, there are still some things you need to consider in order to be the most successful...
Demand for Private Mortgages is on the Rise
Private-label mortgages had almost disappeared following the financial crisis. However, the demand for these private mortgages is now on the rise. These type of mortgages are ones that are bought and sold without the backing of the government. During the last quarter,...
Miami Real Estate Transactions Broke Records in July
Miami Real estate posted its best July sales month in history. Right now, the market is on fire. Demand is extremely high, and lots of companies and individuals are moving to South Florida. In addition, mortgage rates are still low. During the month of July, home...
New Wynwood Mixed-Use Project Scores $143M Loan
The developers of a new Wynwood mixed-use project just scored a big construction loan. PMG and Greybrook Realty Partners got $142.3 million for the development. Society Wynwood broke ground earlier this year, and upon completion, it will be an incredible addition to...
New Restaurant in Aventura Brings a South Beach Favorite To The Area
A new Mexican restaurant in Aventura is on its way. Bodega Taqueria and Tequila is already a Miami Beach favorite, and it is finally coming to Aventura. The owners of the renowned restaurant announced the expansion back in April. The new restaurant in Aventura already...
Miami Lifestyle News: New LA Restaurant is Coming to Miami!
Miami has always been an extremely popular spot. However, now more than ever, people from all around the country are chasing the popular Miami lifestyle. That is why many renowned restaurants, clubs, etc, have opened or will open locations in the area. In fact, a very...
South Florida Construction Starts Tripled in June
In June, South Florida construction starts tripled compared to the same month last year. In total, construction in the area climbed 240%, reaching $1.9 billion. Residential construction rose 234%, reaching one billion. As for non-residential, these rose by 245% to...
South Florida Mansion Sells For $22M To Mets Owner
The real estate market in South Florida is hot right now. So much so, that New York Mets owner Steven Cohen wanted in. In fact, Cohen bought an incredible South Florida mansion for $21.6 million. The details? This 31,000 square feet mansion features seven bedrooms....
Condo Market in Miami is Changing Due To Increased Demand
Condominiums have always been a huge part of South Florida, shaping the skyline, and making the city look more beautiful. However, now more than ever the condo market in Miami is changing to accomodate the high demand. So much so, that thousands of new units are being...
Tips for Moving: How To Have A Smooth Transition
On average, most Americans move about a dozen times in their lifetimes. Moving can be a very exciting process, but it could also come with some stress. That is why working with an experienced real estate professional is crucial for making this move as smooth as...
Miami Condo Sales Dropped in Mid-August
During the week of August 8 to August 14, Miami condo sales dropped. For that period, the total for condo sales was around $131 million. This was down from the previous week, when the total was $162 million. Furthermore, sales volume also dropped to 208 units from...
The Condo Market in South Florida Can Become a Strong Seller’s Market
Because of many factors, real estate prices have gone up in South Florida. Therefore, condo sellers can expect some price increases by the end of 2021. This is because there is a dwindling inventory of units for sale. Despite many newcomers, the condo market in South...
Home Office Space Remains Popular Amongst Renters
Right now, many renters are looking to continue working from home. Therefore, they are looking for rental properties that offer a home office space. However, because this has become such a popular home feature, these renters might have to pay premium prices for it. In...
Second Homes Became Very Popular During The Pandemic
During the covid-19 pandemic, demand for second homes surged in the U.S. In pre-pandemic times, around 3-4% of mortgages were associated with second homes. However, due to low interest rates, and the ability to work remotely, this market heated up tremendously. During...
A Boca Raton Mansion Is Selling For $45 Million
An incredibly luxurious Boca Raton Mansion is up for grabs for $45 million. Located in Royal Palm Yacht & Country Club, this waterfront home is truly a dream come true. It is situated in almost one acre of land. In addition, it features a main residence and a...
Auto Racing Driver Sells Fort Lauderdale Home For $7M
Hélio Castroneves, a Brazilian auto racing driver recently sold his Fort Lauderdale home for $6.7 million. In fact, the seven bedroom home is truly a dream come true. Located at 31 Pelican Drive, this 6,472 square foot mansion was originally listed at about $6.9...
Bay Harbor Islands Home Sold To Venture Capitalist
Right now, the real estate market in South Florida is very hot. In fact, many big names in tech and business continue to move to the area. Recently, the co-founder of St.Louis-based venture capital firm, Dreampact Ventures, purchased a Bay Harbor Islands home. Him and...
Another Miami Residential Project Is In The Pipeline
A developer is planning on building an incredible Miami residential project. In fact, the project will consist of two 20-story buildings containing residential units, commercial-retail uses, and office space. Furthermore, it will be located at 3898 Shipping Ave. in...
Coral Gables Real Estate: Mixed-Use Project is Complete
Good news about Coral Gables real estate! A new $500 million Life Time-branded project was completed. Trader Joe's will be a tenant, and it is expected to open in October. This incredible project features 1.2 million square feet and 14 stories. This new Coral Gables...
Miami Beach Estate Bought For $21M, And Listed Days Later For $30M
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,...
Fisher Island Home Closings Led Weekly Sales In Miami-Dade
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...
Developer’s Coconut Grove Estate Listed For $33M
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...
Navigating a Seller’s Market: Tips For Buyers
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...
Coral Gables Real Estate: New Residences In The Pipeline
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...
Renovated Ocean Drive Hotel Sold To Hospitality Fund
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...
Real Estate Prices Keep Setting Records
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...
Want to Sell Your Home? Consider These Improvements
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...
Aria Reserve in Edgewater
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...
Star Island Mansion Sold By Gloria and Emilio Estefan
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....
Bay Harbor Islands Home Sold At Record Price
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...
Boca Raton Home Sold for $19M To Professional Racer
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....
New Downtown Miami Apartment Tower In the Pipeline
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...
Orlando Real Estate: Rents Are Rising
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...
Fort Lauderdale Real Estate: A Market Full Of Luxury
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...
International Homebuyers During The Pandemic
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...
Lincoln Road Restaurant To Add Entertainment Venue
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...
Porsche Design Tower Condo Sale Led Weekly Sales
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...
Biscayne Bay Mansion Sells For $13M
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...
Miami Dade Real Estate Is Breaking Records
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...
3 Hotels in Miami You Should Visit
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,...