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.
Recent colossal deals exhibit a current pattern. A couple of Miami penthouses at Faena House on Miami Beach and Mansions at Aqualinia located in Sunny Isles, each of them offered for at $50 million or higher, acquired buyers (most probably overseas purchasers) within the last few quarters or so. Particulars haven't been published. Nonetheless, either final sale will probably set the record for Miami's priciest condominium purchase.
A most recent closed sale on May 21st 2014 sale of Setai South Beach unit No. 3509 for $12,000,000 sets an all time record for the most expensive price per square foot actually sold in all Miami Dade County for an astounding $4,760. This magnificent and highly sought after one among only six 09-line oceanfront condos is located high on the thirty fifth floor and has 3 bedrooms, 3 bathrooms and 2,521 sq ft of living area with stunning vistas.
For billionaires that are able to afford to buy a property wherever and check out the Miami housing market with major areas like for example New York City, London or Moscow Miami, at about $5000 per sq . ft . is still a great deal.
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.
Recent colossal deals exhibit a current pattern. A couple of Miami penthouses at Faena House on Miami Beach and Mansions at Aqualinia located in Sunny Isles, each of them offered for at $50 million or higher, acquired buyers (most probably overseas purchasers) within the last few quarters or so. Particulars haven't been published. Nonetheless, either final sale will probably set the record for Miami's priciest condominium purchase.
A most recent closed sale on May 21st 2014 sale of Setai South Beach unit No. 3509 for $12,000,000 sets an all time record for the most expensive price per square foot actually sold in all Miami Dade County for an astounding $4,760. This magnificent and highly sought after one among only six 09-line oceanfront condos is located high on the thirty fifth floor and has 3 bedrooms, 3 bathrooms and 2,521 sq ft of living area with stunning vistas.
For billionaires that are able to afford to buy a property wherever and check out the Miami housing market with major areas like for example New York City, London or Moscow Miami, at about $5000 per sq . ft . is still a great deal.
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 among the most recognized real estate experts in the South Beach real-estate market. His market knowledge makes him one of the most sought-after luxury real estate agents from Miami. www.realestateblogmiami.com is amongst the top Miami real-estate websites. See current news on South Beach and all South Beach Luxury Condos and South Beach Modern homes listed for Sale .
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