Posts Tagged ‘Miami Beach’

High end luxury Real estate boom! $35 million in 3 sales in less than 30 days!

Tuesday, June 15th, 2010

$35 million in 3 sales in less than 30 days!

So when we thought that the sale of the Fontainebleau II’s Penthouse at $9,000,000 would be the highest sale of the year http://www.celekt.com/articles/miami-beach-highest-condo-sale-since-2007-9000000/, we should have thought twice…

- By the end of May 2010, an other record sale was recorded: http://sef.mlxchange.com/Pub/EmailView.asp?r=1668817485&s=SEF&t=SEF

SANTA MARIA  #4901 Sold for $11,000,000

SANTA MARIA #4901 Sold for $11,000,000

Unit #4901, a 7 BR Penthouse at the Famous Santa Maria condo was sold for $11,000,000.  This unit was bank owned and closed very very quick…… maybe too quick but my comments will stop here.

2 weeks later, Penthouse B at the Setai South Beach closed as the number one highest re-sale in the condo Market in Miami Beach and in all Miami Dade.

Setai South Beach Penthouse B sold for $15,000,000

Setai South Beach Penthouse B sold for $15,000,000

Penthouse B listed at $19,999,999 closed at $15,000,000 with a closed price per square foot over $2,400…. never seen before!

Previous owner, a partner at Barroway Topaz Kessler Meltzer Check, LLP, with over 80 attorneys, one of the largest firms specializing in the prosecution of complex class action litigation, has found a buyer for his only ones of its kind property.

Those unique listings sold back to back ( not including an $8 million + Penthouse at the One Bal Harbour Condominium last month) show how the very high end market has regained confidence into the Miami Beach Real Estate Market. The big players are putting back their money in Real Estate. Definitely, a very distinctive and exceptional Micro Market with Matchless properties but a positive force for the overall market.

MIAMI BEACH HIGHEST CONDO SALE SINCE 2007! $9,000,000

Saturday, June 5th, 2010

THE FONTAINEBLEAU II PENTHOUSE CONDO

Fontainebleau Penthouse Miami Beach 2

On May 14th 2010, one of the Penthouse of the Fontainebleau II Condo located at 4441 Collins Avenue, has sold for $9,000,000. The 8th highest condo sale ever recorded in the MLS in Miami Beach.

Fontainebleau Penthouse Miami Beach 3

This 5 Bedroom, 4,500sq ft unit bought in July 2005 for $3,600,000 by New York Developer Baruch Singer had been listed in January 2009 for 16 million. After a couple of price reduction to $13.5 million and then $9.8 million and after 82 days sold for $9 million.

Fontainebleau Penthouse Miami Beach

At $2,000 per square foot, this is the 4th highest amount per square foot ever recorder. The 3 first sales being PHA, 1605 and 1505 at The Setai Miami Beach.

Fontainebleau Penthouse Miami Beach 1

SOLD PENTHOUSE FONTAINEBLEAU II SUMMARY:

- Listed price:

$9,800,000

- Sold Price:

$9,000,000

- $ per Sq/Ft:

$2,000 per Sq/Ft

- Assessed Value 2009:

$4.7 million

- Real Estate Taxes for 2009:

$96,000 yearly

Buyer:

Pending information


- SO WHAT IS THE NEXT MOST EXPENSIVE SALE IN MIAMI BEACH?

Apogee Penthouse

Penthouse PHA at the Apogee South Beach.

It s back on the Market with a reduced price to $16,000,000

Check out the virtual tour if you are curious or interested!

http://homesite.obeo.com/viewer/unbranded.aspx?tourid=553674&refURL=http://www.celekt.com/unit-view/m1389937/&locale=en-US

Miami Today – Miami in the Past

Wednesday, April 21st, 2010

SOME HISTORY ABOUT MIAMI

1921 - Hardie's Bathing Casino on Miami Beach

1921 - Hardie's Bathing Casino on Miami Beach


Miami is the youngest major city in the U.S. Its history is very unique and knowing this helps understand what is Miami about. The first inhabitants came to the region 10,000 years ago and erected settlements on the Bay and on the river. They named this settlement Mayami. The powerful Spanish claimed this land as theirs until 1821 when the United States decided to acquire it as another state we know now as Florida. At the same time Bahamian seamen as well as the Seminole Indian tribe, which had been pushed away from their land in other U.S. states, also establish their home in Florida. During this time the area known as Mayami was nothing but a wild empty tract of undeveloped land.
In the beginning Miami, as we know it, started with the work of visionaries whom predicted decades in advance what this unfriendly land would become. Because Miami was such a remote location, it was a crucial factor to provide an easier access. Julia Tuttle arrived in Miami from Cleveland in 1891 and was the owner of 640 acres in Miami. She was the neighbor of other visionaries that believed like her in the future of Miami. Her move was followed by other families such as The Brickells, the Flaglers, the Merricks and the Fishers. Mary and William Brickell owned 2,500 acres of land in Miami which at time was considered very inhospitable. Julia Tuttle pledged half her land to Henri Flagler in order to get him to extend his railway to Miami and to start building a new city from scratch.

The first train reached Miami in 1896; soon after the new city was incorporated. By the beginning of the 20th century, Miami had become a small town that was attracting the wealthiest people whom were willing to be part of a great adventure; this was the birth of Miami Beach.

In the 20′s, Miami was in the midst of an intense expansion and real estate development. During this time George Merrick, the legendary real estate developer created Coral Gables, the first planned community. Carl Fisher developed luxurious hotels and all the required playgrounds including polo and golf courses to please his rich clients.

In September 1926, a killer hurricane almost wiped out the newly resurrected City of Miami Beach. The development recovered in 1935 and new hotels and new apartment buildings broke grounds to create what is known as the art deco district. Shortly after this, World War II erupted and Miami was taken over by the U.S. army to accommodate the war needs. Veterans came back after the war and contributed to the development of this new city and once again the Miami was raging again. New Miami Hotels were built and new luxury hotels such as the Fontainebleau and the Eden Roc came to life.

When Castro came to power in Cuba and the wave of immigrants reached the shores, Miami’s profile changed once again. It is estimated that from the 60′s to the 80′s half million Cubans moved to Miami. With the mass movement of Cubans a Latin universe was created which was an instrumental in transforming Miami into a truly international city. The following wave of immigration from the Caribbean and Latin America further transformed the city. They were all key participants in the building of this magic city, Miami. Miami constant development and its ever expanding skyline is testimony of its dynamism.

Nowadays, Miami Florida is a multicultural city that has a growing economy based mostly in the tourism industry. Our magical city is certainly a beach paradise, with lots of attractions and nightlife , many hotels to welcome all visitors interested into enjoy our great weather and see beautiful people.

SOME GREAT PICTURES ABOUT MIAMI