The famous Coral Gables’ Cibo Wine Bar is opening a new location in the exclusive South of Fifth neighborhood. This Italian lounge will consist on a 12,000 sq ft shop and restaurant area located just on the right side of the Continuum main entrance. Read the rest of this entry »
Tag Archives: South Beach real estate
Yesterday I went to the presentation of the mall which is going to be located at the entrance of South Beach, between 5th and 8th and Alton and West. In total it’s an 8.7 acres vacant lot which corresponds to 3 blocks. It is definitely time to do something in this muddy vacant lot…. Read the rest of this entry »
This week, Condoideas Realty Group’ team has had the pleasure to discover a new condo located in the heart of South beach, in front of Collins Park. Artecity is what we can call an intimate upscale residential community. ST Residential has bought over the project and is injecting 10 million dollars to finish it.
Located in the pretty agitated South Beach area, Artecity is surprisingly a quiet and relaxing enclave. Read the rest of this entry »
In a global economical downturn, South Beach looks the other way. Numerous hotels and resorts are continuing to be built or renovated. The hotel industry has always been a major factor of South Beach economical growth. Despite the uncertain worldwide economical situation, South beach is still the scene of some major investments. Read the rest of this entry »
2011 has been an amazing year for Miami Dade County real estate market. Compared to last year, number of units sold rose 46% for existing homes and 58% for condos. The number of units sold this year has even surpassed the real estate boom year’s sale of 2005. Read the rest of this entry »
Although being hit by one of the biggest crisis, the Miami’s housing market is now outperforming the nation. I know it is hard to believe but in 2011, the average number of sales in the US has increased by 2% whereas Florida’s market has increased by 15%. Unfortunately I don’t have the stats for Miami Beach but I am sure the increase is even more drastic. Read the rest of this entry »
A total of $7 million worth of condos were sold at the W South Beach just during the month of May. Opened two years ago, it managed to sell 128 units for a total of $215 million. David Eldestein, the developer and resident of W condo hotel noticed that 63% of buyers are foreign buyers and most of them are from Brazil. Eldestein lives most of the time in New-York but it’s the first time he uses one of his development as second home, a $3,5 million penthouse duplex with a private roof deck.
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Just visited the new 24th & Collins, previously named the Gansevoort. Prices are almost half of what they were. They now start in the $650/sqft. Studios, 1, 2 and 3 bedrooms are available. The location is great, the amenities are wonderful. Only disappointment is that the windows are not hurricane proof so they installed shutters on every balcony. Check it out on my website here.
South Florida seems to become the place to get married in the USA. Many couples are coming to Miami in order to have a wonderful wedding and honeymoon, or at least a bachelor or bachelorette party. It has been the only market which didn’t fail during the recession. As a consequence, the Romance Month is about to be launched. Aside to the August and September Miami Spice Month and the July Spa Month, we are now going to experiment the June Romance Month.
Miami-Dade’s highest sale in a year has just occurred in South Beach real estate. Indeed, a European company purchased the Penthouse A in the Apogee for $11.5 million. This Penthouse was listed at $14 million. The luxury market has been picking up in the last four months and we see buyers around the globe interested in a third or fourth residences.