Now days, South Florida's flourishing real estate market regarded as a much safer choice to foreign billionaires than cash or stocks in weaker economies. A top investment firm Chief executive officer, Jeffrey Gundlach, was quoted in the Bloomberg News validating "huge growth at the high end" in Miami and New York real estate markets.
The selling price of Setai South Beach residences unit 3509 for $12,000,000 set all time record for the highest value price per sf ever sold in all of the Miami Dade County at an astonishing $4,760.00. This unique, fabulous and very coveted and one among only six 09-line oceanfront condominiums located on the 35th floor features three bedrooms, three bathrooms, and 2,521 square feet with spectacular views of the ocean and city.
The recent huge real estate transaction deals at Faena House South Beach and at the Mansions at Acqualina in Sunny Isles Beach, clearly shows an interesting phenomenon. Not one but two Miami penthouses, each offered for sale at $50 million or even more, obtained purchasers (in all likelihood overseas buyers) within the past few months. Details haven't been published. However, either selling price would unquestionably set in place the record for Miami's most expensive apartment purchase.
For billionaires that are able to pay for a house wherever and compare the Miami market to some other major areas e.g. New York City, London along with Moscow Miami, at about $5000 per square foot continues to a bargain.
The Miami Real Estate Market in general is extremely in demand right now, that Brickell and Biscayne corridor marketplace sounds like Dj vu circa the year 2006. The Miami Design district in addition become the fresh new it district. Developer Craig Robbins has established a new high end shopping destination with name brand tenants including Cartier, Louboutin, Hermes and also Prada to name a few.
Just like the recently marketed and soldout Faena House, there were numerous other luxury Miami Beach condos presented which may have maybe one to two condominiums remaining . Most of these condos almost sold out at a rate that not a single person, including real-estate professionals as well as developers predicted. Glass Miami Beach on famous Ocean Drive has one apartment left listed for $7,900,000 and also Beach House 8 has only two apartments still left BH 6 asking $7,750,000 along with BH3 $5,950,000.
The selling price of Setai South Beach residences unit 3509 for $12,000,000 set all time record for the highest value price per sf ever sold in all of the Miami Dade County at an astonishing $4,760.00. This unique, fabulous and very coveted and one among only six 09-line oceanfront condominiums located on the 35th floor features three bedrooms, three bathrooms, and 2,521 square feet with spectacular views of the ocean and city.
The recent huge real estate transaction deals at Faena House South Beach and at the Mansions at Acqualina in Sunny Isles Beach, clearly shows an interesting phenomenon. Not one but two Miami penthouses, each offered for sale at $50 million or even more, obtained purchasers (in all likelihood overseas buyers) within the past few months. Details haven't been published. However, either selling price would unquestionably set in place the record for Miami's most expensive apartment purchase.
For billionaires that are able to pay for a house wherever and compare the Miami market to some other major areas e.g. New York City, London along with Moscow Miami, at about $5000 per square foot continues to a bargain.
The Miami Real Estate Market in general is extremely in demand right now, that Brickell and Biscayne corridor marketplace sounds like Dj vu circa the year 2006. The Miami Design district in addition become the fresh new it district. Developer Craig Robbins has established a new high end shopping destination with name brand tenants including Cartier, Louboutin, Hermes and also Prada to name a few.
Just like the recently marketed and soldout Faena House, there were numerous other luxury Miami Beach condos presented which may have maybe one to two condominiums remaining . Most of these condos almost sold out at a rate that not a single person, including real-estate professionals as well as developers predicted. Glass Miami Beach on famous Ocean Drive has one apartment left listed for $7,900,000 and also Beach House 8 has only two apartments still left BH 6 asking $7,750,000 along with BH3 $5,950,000.
About the Author:
David Nguah is a regarded specialist in the South Beach Real Estate market and has websites dedicated to the most sought after South Beach properties and residential neighborhoods delivering in-depth info on all condominiums listed for sale, lease and the most recent closed sales. See info on the record Sale at The Setai South Beach.
No comments:
Post a Comment