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 most-recent large transactions at the Mansions at Acqualina in Sunny Isles Beach and Faena House on Miami Beach indicate to an ongoing wave. Both lavish and opulent penthouses were offered for sale at $50Million or higher, attained purchasers (probably international real estate investors) in the last few months. Details were not publicized; nevertheless, either purchase would undoubtedly set the record for Miami's priciest condominium purchase.
For billionaires who can buy a residence in any city of their choice around the world, compare the Miami housing market to other major markets for instance New York, London and Moscow, Miami at around $5000 per square foot remains a bargain.
The Miami Market as a whole is so sizzling hot at this time, that the Brickell and Biscayne corridor market place sounds like Dj vu circa the year 2006. The Miami Design district in addition has become the cutting edge it center. Developer Craig Robbins has made a new high end shopping destination with name brand tenants such as Cartier, Christian Louboutin, Hermes and also Prada for example.
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 most-recent large transactions at the Mansions at Acqualina in Sunny Isles Beach and Faena House on Miami Beach indicate to an ongoing wave. Both lavish and opulent penthouses were offered for sale at $50Million or higher, attained purchasers (probably international real estate investors) in the last few months. Details were not publicized; nevertheless, either purchase would undoubtedly set the record for Miami's priciest condominium purchase.
For billionaires who can buy a residence in any city of their choice around the world, compare the Miami housing market to other major markets for instance New York, London and Moscow, Miami at around $5000 per square foot remains a bargain.
The Miami Market as a whole is so sizzling hot at this time, that the Brickell and Biscayne corridor market place sounds like Dj vu circa the year 2006. The Miami Design district in addition has become the cutting edge it center. Developer Craig Robbins has made a new high end shopping destination with name brand tenants such as Cartier, Christian Louboutin, Hermes and also Prada for example.
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 respected expert in the South Beach real estate market with over of 15 years' experience. See all South Beach Penthouses listed for sale in some of the most coveted South Beach properties along with in depth info on local neighborhoods such as South Of Fifth to name a few and see all homes offered for sale, lease and the latest sales.
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